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Cable Update (GBPUSD)

  • #54,721
  • Feb 19, 2008 8:01am Feb 19, 2008 8:01am
Quoting Designer1
check the shot
Thank you
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  • #54,722
  • Feb 19, 2008 8:01am Feb 19, 2008 8:01am
everything on my charts is indicating another fall, but what would i know to be fair lol

also how most of the screen shots that get posted don't have any volume on them?
  • #54,723
  • Feb 19, 2008 8:02am Feb 19, 2008 8:02am
http://www.trending123.com/patterns/...t-Pattern.html
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  • #54,724
  • Feb 19, 2008 8:02am Feb 19, 2008 8:02am
Quoting Malaysia
Breaking the line now... hopefully not a FALSE BREAKOUT... I go LONG. A.Y.O.R... at your own risk!
Duh!!! Don't tell me it is a FALSE BREAKOUT Placing SL 20pips... I am out of here. There's always tomorrow. Better stay out before wiping out all my profit today. See you guys later. Happy trading. Bubye
  • #54,725
  • Feb 19, 2008 8:03am Feb 19, 2008 8:03am
Quoting africanpip
You've been reading way too many FX editorials in the Sunday papers Hellava inciteful.
I was thinking the same thing.
"They don't realize, they have no concept of self-destruction."
  • #54,726
  • Feb 19, 2008 8:03am Feb 19, 2008 8:03am
mann.... im going back to sleep.... thats my trade..lol stressful
And your mouth dropped
  • #54,727
  • Feb 19, 2008 8:03am Feb 19, 2008 8:03am
its 60 ema 15 ema and 5 ema
  • #54,728
  • Feb 19, 2008 8:04am Feb 19, 2008 8:04am
i really believe that fundamentals will have the bigger role in shaping the near term trend. because it seems technically like it could burst either way.

but im just a newbie so any feedback would b apprecuated.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,729
  • Feb 19, 2008 8:04am Feb 19, 2008 8:04am
Quoting Genics
everything on my charts is indicating another fall, but what would i know to be fair lol

also how most of the screen shots that get posted don't have any volume on them?
My TRADING platform supplies that that is connected to the banking system through a direct broker. The rest is history...
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  • #54,730
  • Feb 19, 2008 8:07am Feb 19, 2008 8:07am
Quoting Gadamj
I was thinking the same thing.
????????
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  • #54,731
  • Feb 19, 2008 8:09am Feb 19, 2008 8:09am
Salah,

What "strong fundamentals" are you referring to exactly? Northern Rock nationalization? Low growth and high inflation? Excessive debt levels? Please specify
"Timing Is Everything. Really I Swear It Is"
  • #54,732
  • Feb 19, 2008 8:10am Feb 19, 2008 8:10am
Quoting TexasforEX
Salah,

What "strong fundamentals" are you referring to exactly? Northern Rock nationalization? Low growth and high inflation? Excessive debt levels? Please specify
There is strong fundamental demand of one of the currencies in the long term but I dunno which one.
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  • #54,733
  • Feb 19, 2008 8:12am Feb 19, 2008 8:12am
no i mean weak dollar.
i know UK is heading for a recession but it seems that usd just keeps getting worse and worse and financials seem to have priced in 50 bps rate cut targetting a 75 bps.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,734
  • Feb 19, 2008 8:13am Feb 19, 2008 8:13am
Quoting salah k.
no i mean weak dollar.
i know UK is heading for a recession but it seems that usd just keeps getting worse and worse and financials seem to have priced in 50 bps rate cut targetting a 75 bps.
The reason for the freakin raging market BTW. Weakaning GBP and weakining USD result what we have now.
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  • #54,735
  • Feb 19, 2008 8:16am Feb 19, 2008 8:16am
Quoting bullrock
The reason for the freakin raging market BTW. Weakaning GBP and weakining USD result what we have now.
i dont know about that but then again ur probably much more experienced. as i have been studying forex for 3 months.

thnx for the feedback keep em comin
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,736
  • Feb 19, 2008 8:17am Feb 19, 2008 8:17am
Long
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  • #54,737
  • Feb 19, 2008 8:20am Feb 19, 2008 8:20am
Quoting bullrock
Long
wat made u say that
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,738
  • Feb 19, 2008 8:22am Feb 19, 2008 8:22am
Quoting salah k.
wat made u say that
On the 15 min chart the Stoch oscillator fall to the bottom while the price stayed more or less at the same level when the stoch started to fall which means strength. And there is another dozen of factors that supports that.
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  • #54,739
  • Feb 19, 2008 8:23am Feb 19, 2008 8:23am
Quoting bullrock
On the 15 min chart the Stoch oscillator fall to the bottom while the price stayed more or less at the same level when the stoch started to fall which means strength. And there is another dozen of factors that supports that.
thnx
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,740
  • Feb 19, 2008 8:24am Feb 19, 2008 8:24am
I trade MASS PSYCHOLOGY. Inidcators and the other technicals helps to figure out the barometer of the market...
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