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Cable Update (GBPUSD)

  • #55,881
  • Feb 26, 2008 8:31am Feb 26, 2008 8:31am
for now cable is hard to cross second resistance level @ 9744, waiting for H4 confirmation
  • #55,882
  • Feb 26, 2008 8:32am Feb 26, 2008 8:32am
Quoting nAVIN2007
karmostaji


U long or short buddy ?
theres a lot of diverenge...i expect it fall after trying once more to break resistance...
did you change your opinion about long?
  • #55,883
  • Feb 26, 2008 8:32am Feb 26, 2008 8:32am
Quoting salah k.
hey nav im thinking i might delay my real life trading until i know wat the f*** is going on in this crazy market.
i wont worry i doubt any1 really knows..right now its just probability it all points north but i feel a rejection of price toward north, fundamentally it should go down, this is just there so we can lose money..i feel we are going down..we shall see

just when u go live keep mm rules close to yur nuts
  • #55,884
  • Feb 26, 2008 8:38am Feb 26, 2008 8:38am
Quoting tetis
did you change your opinion about long?
yeah i did actually...actually i was expecting a dip but it doesnt seem to giving anything back..im actually short cause i was expecting a retracement

i dont think 1.9752 will get broken ..
I hedged a losing trade to get myself out of debt...it worked!! just closed the short
  • #55,885
  • Feb 26, 2008 8:38am Feb 26, 2008 8:38am
Gone EUR long for a bounce, off my 2hour SMA here.


fingers crossed
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #55,886
  • Feb 26, 2008 8:41am Feb 26, 2008 8:41am
Bailed Break even, got to take a mate to hospital ASAP!!

Drattsss GO LONG EUR all, it'll rock
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #55,887
  • Feb 26, 2008 8:42am Feb 26, 2008 8:42am
Quoting nAVIN2007
i wont worry i doubt any1 really knows..right now its just probability it all points north but i feel a rejection of price toward north, fundamentally it should go down, this is just there so we can lose money..i feel we are going down..we shall see

just when u go live keep mm rules close to yur nuts
i am pretty sure that the medium trend is still bearish but at the moment i mean bulls are probably taking profit. and looking at the charts i c it is overbought. but still it feels like its momentum is in the opposite direction.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,888
  • Feb 26, 2008 8:43am Feb 26, 2008 8:43am
Quoting Turveyd
Bailed Break even, got to take a mate to hospital ASAP!!

Drattsss GO LONG EUR all, it'll rock
was your mate short ?
  • #55,889
  • Edited 8:57am Feb 26, 2008 8:46am | Edited 8:57am
Stops in CABLE have been tripped on the break of the fibo at 1.9728 (61.8% of 1.9955 to 1.9361 move) and 1.9750, the latter being the 55-day moving average. Into the 15 day highs of 1.9757, an ACB, tech funds and specs have been seen on the offer. I suggest this 55-day could be key in the very short-term. Gbp/Usd has not traded above the line for a sustained period since Nov and it could provide some real resistance into the daily close. US growth worries are the key driver in the broader market and the Pound has largely managed to shrug off an earlier weaker than forecast UK CBI (-3), while BOE speakers talked up the inflation outlook and remained fairly upbeat on growth (Q1 indicators are mixed but do not suggest growth has stalled according to Lomax). It looks a 1.9690 to 1.9750 market range for now.

PS: Just an info and not a reco! Happy trading cable guys!
  • #55,890
  • Feb 26, 2008 8:47am Feb 26, 2008 8:47am
Quoting salah k.
i am pretty sure that the medium trend is still bearish but at the moment i mean bulls are probably taking profit. and looking at the charts i c it is overbought. but still it feels like its momentum is in the opposite direction.
according to indiactor daily av =106
pips from hi to low 116

this is the only reason why i was short...technically its definetely going up
  • #55,891
  • Feb 26, 2008 9:47am Feb 26, 2008 9:47am
Well im still long from my arrow, price is looking like its going to close on a very steep 4hr trend line which could be enough to send it to 9800 the next real resistance area.4 GMT is the key.
With the news thing IMHO sometimes you can not look to closely at one specific event as there could be a whole host of other factors to add in say for the future or in the past ,so unless you are looking at the very big picture there is always a risk you will be confused as to the outcome.
If prise rises or falls at 4 Nav/Salah I hope this proves how much more info you can get from a higher TF,
I mean the 4hr should be for fine tuning the day charts for us beginners
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #55,892
  • Feb 26, 2008 10:06am Feb 26, 2008 10:06am
ok imoved that 4 hr up trend line to the bottom of that new bar ,it was steep ,and put my stoploss under it and set a new buy off the more major up TL 1.9800 is my target then I would look to buy a dip
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #55,893
  • Edited 11:03am Feb 26, 2008 10:20am | Edited 11:03am
since the disecting trendline broke..i took it as a signal to sell..i got a feeling this puppy is sinking
welldone tony ..point taken on board and proven...
damn that was a movement..
Attached Image (click to enlarge)
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  • #55,894
  • Feb 26, 2008 11:10am Feb 26, 2008 11:10am
how many resistances did cable hit today
confusing not even a slight correction
wen its bullish its BULLISH
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,895
  • Feb 26, 2008 11:10am Feb 26, 2008 11:10am
Quoting nAVIN2007
since the disecting trendline broke..i took it as a signal to sell..i got a feeling this puppy is sinking
welldone tony ..point taken on board and proven...
damn that was a movement..
.
  • #55,896
  • Feb 26, 2008 11:11am Feb 26, 2008 11:11am
Quoting salah k.
how many resistances did cable hit today
That is exactly what I am saying. While everyone looking at resistances as turning points and opportinuty to sell. Cable just silently continues the trend UP.
.
  • #55,897
  • Feb 26, 2008 11:13am Feb 26, 2008 11:13am
Quoting bullrock
U know i knew it was going up but i thought id take a chance to see if my hutches are good and i got burnt.....i wont do that again.
the thing is just up up and away..
the uk market shut and all the buyer come alive .....lol
thx god i that in a demo...otherwise id lose sleep for a week!!!
  • #55,898
  • Feb 26, 2008 11:17am Feb 26, 2008 11:17am
Quoting bullrock
That is exactly what I am saying. While everyone looking at resistances as turning points and opportinuty to sell. Cable just silently continues the trend UP.
but its not only cable
all the market is flying even oil and gold e.t.c..
i think we might witness a sharp correction tomorrow
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,899
  • Feb 26, 2008 11:17am Feb 26, 2008 11:17am
i do believe i said short term down, long term up... i did advise people to keep there Longs open hope yall took the advice, cuz Damn this pig Just Ran!! lol!
And your mouth dropped
  • #55,900
  • Feb 26, 2008 11:24am Feb 26, 2008 11:24am
but how come it moving so hectically today...
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