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Cable Update (GBPUSD)

  • #56,201
  • Feb 27, 2008 4:17am Feb 27, 2008 4:17am
Quoting nAVIN2007
me too even when i lose
I'm glad you're on a demo account :
Trade what you see, not what you think.
  • #56,202
  • Feb 27, 2008 4:21am Feb 27, 2008 4:21am
Quoting karmostaji
This is an example for all the newbie's that 'overbought' and 'oversold' means nothing lol

so, start learning about PRICE ACTION.
can't argue with that.....
Never Give Up.....
  • #56,203
  • Feb 27, 2008 4:32am Feb 27, 2008 4:32am
Quoting karmostaji
This is an example for all the newbie's that 'overbought' and 'oversold' means nothing lol

so, start learning about PRICE ACTION.
I guess a whole lot of Fx Books would need to be re-written.

PATIENCE + RULES = LONG TERM PROFIT and happines
  • #56,204
  • Feb 27, 2008 4:36am Feb 27, 2008 4:36am
Quoting karmostaji
This is an example for all the newbie's that 'overbought' and 'oversold' means nothing lol

so, start learning about PRICE ACTION.
yeah totally...whats the point of having a indicator indicating over bought/ undersoled if it means nothing its a joke but the point is, which i keep forgetting is...when its overbought or undersoled u need a confirmation signal to tell u its gonna go the other way.
My technique for trading has failed me not the knowledge hopefully i can put this right b4 april
  • #56,205
  • Feb 27, 2008 4:45am Feb 27, 2008 4:45am
Supporting my earlier observation about the huge rally in GBP being inspired by the tremendous surge in commodity prices is the 1 min gold chart. Superimpose it with GU and it will tell you where the latter is headed shortly. I see 1.9850 should April gold go below 960.
  • #56,206
  • Feb 27, 2008 4:54am Feb 27, 2008 4:54am
Quoting Subdude
Supporting my earlier observation about the huge rally in GBP being inspired by the tremendous surge in commodity prices is the 1 min gold chart. Superimpose it with GU and it will tell you where the latter is headed shortly. I see 1.9850 should April gold go below 960.
seems like geppy is also playing a role
compare GU and geppy and u'll c that they are more correlated than GU and gold
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,207
  • Feb 27, 2008 4:54am Feb 27, 2008 4:54am
Quoting Subdude
Supporting my earlier observation about the huge rally in GBP being inspired by the tremendous surge in commodity prices is the 1 min gold chart. Superimpose it with GU and it will tell you where the latter is headed shortly. I see 1.9850 should April gold go below 960.
  • #56,208
  • Feb 27, 2008 5:03am Feb 27, 2008 5:03am
at last im on the right side of the wave ...now to get my lose back
  • #56,209
  • Feb 27, 2008 5:09am Feb 27, 2008 5:09am
Quoting nAVIN2007
at last im on the right side of the wave ...now to get my lose back

u short mate
good choice
me too but i took my profit of 30 pips
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,210
  • Feb 27, 2008 5:11am Feb 27, 2008 5:11am
Quoting salah k.
u short mate
good choice
me too but i took my profit of 30 pips

yes finally a trade based on confirmations..im short
  • #56,211
  • Feb 27, 2008 5:14am Feb 27, 2008 5:14am
Quoting nAVIN2007
yes finally a trade based on confirmations..im short
im just gonna wait till bernanke talks
u never know maybe we can go long
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,212
  • Feb 27, 2008 5:16am Feb 27, 2008 5:16am
Quoting Templar
http://www.forexfactory.com/attachme...1&d=1204090989

Thanks Abuawad!

You are Welcome
  • #56,213
  • Feb 27, 2008 5:18am Feb 27, 2008 5:18am
Quoting Subdude
First, forex trades 24 hours a day, so there are no "overnight" orders. Second, the drop started roughly 45 minutes after LSE opened, so that's not it either.
Okay, Subdude... I think I found the reason. It must have been the BoE deputy governor opening her mouth to warn that Britain faces a real risk of high inflation and that the outlook for the UK economy has changed dramatically since the credit crunch and that the extent of the impact on the UK was highly uncertain.

Doh! That report was last updated quite a few hours ago at 2.06am U.K. time... back to the fundementals to look for more reasons. http://www.forexfactory.com/images/icons/icon7.gif
  • #56,214
  • Feb 27, 2008 5:23am Feb 27, 2008 5:23am
Quoting PipsTrend
This is surely funny... I guess this is not Fundamental nor Tech... Psychological Keep going up money... Lost money to some Short earlier in day...
just focus in the yellow box:
Attached Image (click to enlarge)
Click to Enlarge Name: ch27022008comment.gif Size: 50 KB
  • #56,215
  • Feb 27, 2008 5:28am Feb 27, 2008 5:28am
Quoting Daisygirl
Okay, Subdude... I think I found the reason. It must have been the BoE deputy governor opening her mouth to warn that Britain faces a real risk of high inflation and that the outlook for the UK economy has changed dramatically since the credit crunch and that the extent of the impact on the UK was highly uncertain.

Doh! That report was last updated quite a few hours ago at 2.06am U.K. time... back to the fundementals to look for more reasons. http://www.forexfactory.com/images/icons/icon7.gif
could it be FTSE?????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,216
  • Feb 27, 2008 5:30am Feb 27, 2008 5:30am
Quoting Abuawad
just focus in the yellow box:

LOL... thanks for pointing me in the right direction on that chart!

With regard to the pivot table you posted earlier, was that from another thread on F.F. or another forum?

Thanks Abuawad....


regards
Daisygirl
  • #56,217
  • Feb 27, 2008 5:33am Feb 27, 2008 5:33am
Quoting Abuawad
just focus in the yellow box:
Thanks pal. I guess my scalp was rather too early and S/L too tight

Hope you are riding the retracemnt
  • #56,218
  • Feb 27, 2008 5:33am Feb 27, 2008 5:33am
Quoting Abuawad
just focus in the yellow box:
If the next 4H candle closes below 1.9835 (unknown area) does it mean we are going down then. If it closes in the unknown area or above 1.9870 are we going up again?
  • #56,219
  • Feb 27, 2008 5:34am Feb 27, 2008 5:34am
Quoting Daisygirl
LOL... thanks for pointing me in the right direction on that chart!

With regard to the pivot table you posted earlier, was that from another thread on F.F. or another forum?

Thanks Abuawad....


regards
Daisygirl
you are welcome too, and yes its here in this thread...
  • #56,220
  • Feb 27, 2008 5:40am Feb 27, 2008 5:40am
Quoting Runway Trade
If the next 4H candle closes below 1.9835 (unknown area) does it mean we are going down then. If it closes in the unknown area or above 1.9870 are we going up again?
below 1.9835
to the downtrend target.. 1.9819, 1.9785...etc

above 1.9875
cable may test 1.9920, but for me now i don't see this the price already now on the 4H below 1.9875 if it close below we can then test the unknown area limit 1.9835
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