"what doesn't bankrupt me, makes me stronger" modern nietzche
Cable Update (GBPUSD)
- #55,023
- Feb 20, 2008 6:00pm Feb 20, 2008 6:00pm
I need to unwind at least a week or two to refresh myself and savor the profit I made for this month I'll be back on March. Happy Trading to everyone may the pips be with you! Thanks a lot cable guys 'til then....
Never Give Up.....
- #55,025
- Feb 20, 2008 6:15pm Feb 20, 2008 6:15pm
sell @ 9416 tp @ 9330......any comments...
and still in downtrend channel....
so...you still had a chance buddy..
but i'm not join with you now ... better wait 1.9460 area for short...
good luck..
Never Give Up.....
- #55,031
- Feb 20, 2008 11:07pm Feb 20, 2008 11:07pm
- | Joined Aug 2007 | Status: Trading make u smarter. | 1,230 Posts
heheh if anyone noticed.
usa just shoot down the satellite and greenback rallied. maybe its a coincidence but after today fomc reports usd should not be recovering much.
lol, maybe we should be aware of more events like this to take decitions
:
usa just shoot down the satellite and greenback rallied. maybe its a coincidence but after today fomc reports usd should not be recovering much.
lol, maybe we should be aware of more events like this to take decitions
:
- #55,032
- Feb 20, 2008 11:14pm Feb 20, 2008 11:14pm
- | Joined Feb 2008 | Status: I trade against the trend | 286 Posts
Maybe eurusd is gaping down (dip) to form the daily candle you know 
Those lovely shadows. The strong bounce yesterday does not suggest so much usd strength though.
Let us see what will happen.. I am not in any eur/gbp position anyway
Those lovely shadows. The strong bounce yesterday does not suggest so much usd strength though.
Let us see what will happen.. I am not in any eur/gbp position anyway
- #55,033
- Feb 21, 2008 12:07am Feb 21, 2008 12:07am
- | Joined Oct 2007 | Status: Trader | 1,236 Posts
"Timing Is Everything. Really I Swear It Is"
- #55,034
- Feb 21, 2008 12:13am Feb 21, 2008 12:13am
- Joined Jul 2007 | Status: al zahr | 2,820 Posts
A clear break of 19460 and cable is going to rally.
.
- #55,035
- Feb 21, 2008 12:16am Feb 21, 2008 12:16am
- Joined Apr 2007 | Status: USF Statistics | 2,248 Posts
Despite that longer-term trend is bearish and argue for more downside. I agree with you one hundred percent that we are nearing a bottom on the sterling for the short term, cot data suggest sterling index at 0 extreme (oversold) and argue for a rebound. I would take caution into shorting cable at these levels.
This is my view of the chart (A bottom in place probably)
It's a low risk trade for short term traders. and long term traders, it would be wise to hedge your shorts for the upcoming profitable long trade.
Nothing is fully certain in such markets, but its ideal bottom for sterling as cot data suggest.
I expect a rally to 50% fib 2.0 levels before resume the broader downtrend.
