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Cable Update (GBPUSD)

  • #58,321
  • Mar 14, 2008 10:51am Mar 14, 2008 10:51am
Quoting AmeriTrini
hmmmm why do you say unpredictable, you should have seen this coming with your charts, I did.
ok so where are we headed next?
  • #58,322
  • Mar 14, 2008 10:52am Mar 14, 2008 10:52am
It's friday.... Profit-taking actions are seen here... For me, it's no longer satisfactory to trade today...
Let's prepare for Monday, hahahah

Have a nice day, trade well all....^^
  • #58,323
  • Mar 14, 2008 10:54am Mar 14, 2008 10:54am
Quoting Gubster
ok so where are we headed next?
I like people to learn how to fish for themselves, let me know what you think and I'll say if I agree or disagree. I'm not giving away free fish here, nice try though.

  • #58,324
  • Mar 14, 2008 10:58am Mar 14, 2008 10:58am
I think GU will still bullish, next week of course... I'm seeing some profit-taking actions in Friday trading. I'm staying out right now, I'm not going to join this bouncing GU trade...

What about you?

Quoting AmeriTrini
I like people to learn how to fish for themselves, let me know what you think and I'll say if I agree or disagree. I'm not giving away free fish here, nice try though.

  • #58,325
  • Mar 14, 2008 11:00am Mar 14, 2008 11:00am
Quoting AmeriTrini
I like people to learn how to fish for themselves, let me know what you think and I'll say if I agree or disagree. I'm not giving away free fish here, nice try though.

you are spot on it on the support line. its either back up or if it crosses support then falling.
  • #58,326
  • Mar 14, 2008 11:00am Mar 14, 2008 11:00am
Quoting salah k.
didnt we already get a northern rock in US
wasnt citigroup like northern rock issue???
or meryll lynch
No we have not seen lines of people trying to take their money out and waiting all night on the pavement or the US government pouring billions in and ending up nationalizing the bank - that is all to come
  • #58,327
  • Mar 14, 2008 11:01am Mar 14, 2008 11:01am
Quoting AmeriTrini
I like people to learn how to fish for themselves, let me know what you think and I'll say if I agree or disagree. I'm not giving away free fish here, nice try though.

i dont think any1 especially if they have a live account will do what any1 else says.

at least not me i would take other point of views into consideration but in the end i will do wat i was set out to do.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,328
  • Mar 14, 2008 11:03am Mar 14, 2008 11:03am
Quoting fdowtf
I think GU will still bullish, next week of course... I'm seeing some profit-taking actions in Friday trading. I'm staying out right now, I'm not going to join this bouncing GU trade...

What about you?
I closed out a trade this morning at around 7am, as of now I am not in waiting to see how the charts setup. Its way too volatile at the moment.
  • #58,329
  • Mar 14, 2008 11:03am Mar 14, 2008 11:03am
bernanke will come to the rescue of the GBP bulls!
  • #58,330
  • Mar 14, 2008 11:05am Mar 14, 2008 11:05am
Quoting allserene
No we have not seen lines of people trying to take their money out and waiting all night on the pavement or the US government pouring billions in and ending up nationalizing the bank - that is all to come
nice i didnt know that northern rock was that bad.
but i wish we have another northern rock in UK
just to see the big guys fighting and laughing at each other in the british parliament .
i mean it was the funniest thing out of UK( way better than Mr. Bean)
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,331
  • Mar 14, 2008 11:08am Mar 14, 2008 11:08am
Quoting Gubster
bernanke will come to the rescue of the GBP bulls!

we have to take into consideration the higher highs and higher lows on the daily though. STRONG BULLISH SIGNAL, I was attempting to short, but I will hold off for now.
  • #58,332
  • Mar 14, 2008 11:08am Mar 14, 2008 11:08am
As same as mine... Closed trade BUY @ 2.0280 T/P reached @ 2.0372.

Now, it's just not satisfactory to trade GU in this news-waiting moment. I'd like to resume my trading in Monday...^^

Cheers....
TGIF...^^

Quoting AmeriTrini
I closed out a trade this morning at around 7am, as of now I am not in waiting to see how the charts setup. Its way too volatile at the moment.
  • #58,333
  • Mar 14, 2008 11:10am Mar 14, 2008 11:10am
Dollar is a terribly flawed currency. The FED going to cut to help their friends on Wall Street. Increasing the supply of dollars shall ultimately lead to high inflation and create 1970s situation of deep recession. Unless they get rid of Ben Bernanke of course. Just had that clown Bush gving address on economy that guy can’t even read a damn speech properly let alone pass judgement on the state of US economy!

Cable should go higher, favor squeeze to 2.05/2.06 area once 2.04 breaks.
Trading is 80% Emotional, 20% Technical
  • #58,334
  • Mar 14, 2008 11:12am Mar 14, 2008 11:12am
i have been wrong on two calls so far... but my last call on 52 was spot on for that 60 pip run ,

however.... i really think she has stoped climbing, we are going to see a little reversal now.. this is what i believe to be wave C.. or 3, and 3 cant be the shortest in elliot's theory. im looking to short.... hopefully towards teh 100, any ideas???
And your mouth dropped
  • #58,335
  • Mar 14, 2008 11:17am Mar 14, 2008 11:17am
eyeballing 2.1000. anyone else?
Fear is the mind killer.
  • #58,336
  • Mar 14, 2008 11:17am Mar 14, 2008 11:17am
Quoting fx local
Dollar is a terribly flawed currency. The FED going to cut to help their friends on Wall Street. Increasing the supply of dollars shall ultimately lead to high inflation and create 1970s situation of deep recession. Unless they get rid of Ben Bernanke of course. Just had that clown Bush gving address on economy that guy can’t even read a damn speech properly let alone pass judgement on the state of US economy!

Cable should go higher, favor squeeze to 2.05/2.06 area once 2.04 breaks.

  • #58,337
  • Edited 11:46am Mar 14, 2008 11:20am | Edited 11:46am
Quoting makey2u
i have been wrong on two calls so far... but my last call on 52 was spot on for that 60 pip run ,

however.... i really think she has stoped climbing, we are going to see a little reversal now.. this is what i believe to be wave C.. or 3, and 3 cant be the shortest in elliot's theory. im looking to short.... hopefully towards teh 100, any ideas???

we are so in the middle is unbelieveable but the new 4 hour candle is just about reversal on the bearish candle..i think we going up...but its a chance with nothing but a 4 hr candle as a signal no other confirmation and we are in a uptrend so i wont wanna short just yet...id wait personally as its friday and doubt the market going anywhere today...
  • #58,338
  • Mar 14, 2008 11:31am Mar 14, 2008 11:31am
Quoting salah k.
nice i didnt know that northern rock was that bad.
but i wish we have another northern rock in UK
just to see the big guys fighting and laughing at each other in the british parliament .
i mean it was the funniest thing out of UK( way better than Mr. Bean)
yes it was blind panic and the uk tax payer will make a ton of money when the market recovers and the government re-privatises northern rock.

The depositors and the tax payer will come out unharmed

In the US it would be a major defeat for capitalism to nationalize a bank so it would (will be) much nastier

we have not seen a US panic yet - I have USD 100k max in any US bank - Countrywide are vulnerable but they are ok for $100k as it is govt insured and they pay best rates because of the bad publicity


going long now cable - buy the dips and this is a dip isnt it ?
  • #58,339
  • Mar 14, 2008 12:05pm Mar 14, 2008 12:05pm
Quoting Abuawad
88 pip from 2.310 to 2.0222
see you next week

Quoting nAVIN2007
BRO U ARE AMAZING EVERYDAY ...seems u never day a losing day..that is fantastic especially a day like today..are u scalping?
nAVIN2007 , here is the answer
Adding 138 pip from the support level at 2.0257 to 2.0395
and the total for today is 226 pip, the highest scour in March
  • #58,340
  • Edited 12:35pm Mar 14, 2008 12:21pm | Edited 12:35pm
Quoting Abuawad
nAVIN2007 , here is the answer
Adding 138 pip from the support level at 2.0257 to 2.0395
and the total for today is 226 pip, the highest scour in March

Hello Abuawad

i have short at 2.0238 and long at 2.317 (-79pip hedged loss)

can you give me advice what to do

best regards
FXP
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