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Cable Update (GBPUSD)

  • #58,901
  • Mar 19, 2008 8:27am Mar 19, 2008 8:27am
Here's my 4H TF, I usually use this TF to view daily movement, weekly TF for trend, and 15min for entry-exit...

Any opinion?
Quoting fdowtf
In my chart, it is below my 50 fibo weekly TF, currently testing 38.2 if I'm correct...
If you ask me whether it is safe or not, I'd say no since I risk some in entering any trade (stop loss)...^^
I don't have any idea about what fundamental can do to GU lately... So, just follow the trend....^^
Attached Image
  • #58,902
  • Mar 19, 2008 8:32am Mar 19, 2008 8:32am
keep trying to trade against the trend thinking that im entering at the turning point.

got to remember - trend is your friend
  • #58,903
  • Mar 19, 2008 8:38am Mar 19, 2008 8:38am
Hey abuawad, i wont this morning because my phone plan doesnt let me but ill try later in the day or tomorrow going to be a bit busy and hectic, anyone riding this pig!!?
And your mouth dropped
  • #58,904
  • Mar 19, 2008 8:39am Mar 19, 2008 8:39am
Oops... GU just went up after failing to dive below 38.2 fibo (see my previous attachment)... Wait....It goes down again...

GU loves bungee jumping, yet I hate it so much that I feel dizzy watching it... Anyway, trend is my friend.....^^
  • #58,905
  • Mar 19, 2008 8:40am Mar 19, 2008 8:40am
Quoting fdowtf
Here's my 4H TF, I usually use this TF to view daily movement, weekly TF for trend, and 15min for entry-exit...

Any opinion?
i AM SURE IT IS GOING UP!!!! dont be fouled its just the big boyz playing games they want u to short..so they can take your money ..
but i can be wrong also good luck to us both..IM long bud
  • #58,906
  • Mar 19, 2008 8:40am Mar 19, 2008 8:40am
Quoting makey2u
i sniff a reversal this Fed cuts going to give us that head and shoulder Mark my words... selling time hehehe

hey bones... my words been Marked!
And your mouth dropped
  • #58,907
  • Mar 19, 2008 8:40am Mar 19, 2008 8:40am
Quoting London Trader
keep trying to trade against the trend thinking that im entering at the turning point.

got to remember - trend is your friend
exactly
is it just me
i mean am i the only one seeing a bearish trend
because it seems that a lot are going long
y
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,908
  • Mar 19, 2008 8:41am Mar 19, 2008 8:41am
Quoting makey2u
Hey abuawad, i wont this morning because my phone plan doesnt let me but ill try later in the day or tomorrow going to be a bit busy and hectic, anyone riding this pig!!?
im hope to ride the she devil up!!!!
it might take the hrs candle to appear b4 it happens thou ..
  • #58,909
  • Mar 19, 2008 8:44am Mar 19, 2008 8:44am
Quoting salah k.
exactly
is it just me
i mean am i the only one seeing a bearish trend
because it seems that a lot are going long
y

u have to learn to read chart otherwise u really are going to blow your account..would u agree where we are is a major support level ...
  • #58,910
  • Mar 19, 2008 8:44am Mar 19, 2008 8:44am
Quoting salah k.
exactly
is it just me
i mean am i the only one seeing a bearish trend
because it seems that a lot are going long
y
I think its going long as well but it keeps falling. been caught out quite a bit today.

not good.
  • #58,911
  • Mar 19, 2008 8:44am Mar 19, 2008 8:44am
Quoting nAVIN2007
im hope to ride the she devil up!!!!
it might take the hrs candle to appear b4 it happens thou ..
dude lol, i hope you closed out and and sold.... im re selling at 2.00307 and just selling on the dips... seriously... who says where goin up???

hope your in profit buddy
And your mouth dropped
  • #58,912
  • Mar 19, 2008 8:45am Mar 19, 2008 8:45am
Don't know it yet... For the day, I shorted the pair already... Technical signals me to short, so I short... If it moves to your favor, I will lose some and vice versa... It's just that simple....^^
And, what do you mean by Big Boy playing here? Do they have so much capital to push the market around??
[confused]
Quoting nAVIN2007
i AM SURE IT IS GOING UP!!!! dont be fouled its just the big boyz playing games they want u to short..so they can take your money ..
but i can be wrong also good luck to us both..IM long bud
  • #58,913
  • Mar 19, 2008 8:48am Mar 19, 2008 8:48am
Man... Awesome... I shorted the pair just today...
Quoting makey2u
dude lol, i hope you closed out and and sold.... im re selling at 2.00307 and just selling on the dips... seriously... who says where goin up???

hope your in profit buddy
  • #58,914
  • Mar 19, 2008 8:50am Mar 19, 2008 8:50am
Quoting makey2u
dude lol, i hope you closed out and and sold.... im re selling at 2.00307 and just selling on the dips... seriously... who says where goin up???

hope your in profit buddy
bro im 100% sure we are going up...
we at major support and the 4hr chart is producing a morning star ...it comes at the end of a trend ....down is finished...its like tony said we in the flipping channel and basically bouncing from one end to the other

look at the candles that are bearish..are the bodies getting smaller, ..indecision why when the shorts are so long....dude trust me on this ..anything can happen this is forex but im tip to the lot of u is ...think b4 u short ...
mike this is the one bro ...the home run i was looking for ..wish me luck
booooooyarrrrrrr........lol but i might be wrong it wont be the first and last time either
  • #58,915
  • Mar 19, 2008 8:51am Mar 19, 2008 8:51am
Quoting makey2u
hey bones... my words been Marked!
Mate looks like you might take some money back off me,I must admit I dont like it.LOL
Attached Image (click to enlarge)
Click to Enlarge Name: d2.gif Size: 26 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #58,916
  • Mar 19, 2008 8:52am Mar 19, 2008 8:52am
Quoting nAVIN2007
u have to learn to read chart otherwise u really are going to blow your account..would u agree where we are is a major support level ...
bro i am reading charts and they tell me bearish
support os no support u better look at the market dollar is kicking ass
gold is down more than 60$
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
gbp is going down i have been telling u this since friday and if MPC meeting couldnt push it up nothing will.
anyway i sold at 2.0008
its working out so far

good luck mate.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #58,917
  • Mar 19, 2008 8:54am Mar 19, 2008 8:54am
Quoting salah k.
bro i am reading charts and they tell me bearish
support os no support u better look at the market dollar is kicking ass
gold is down more than 60$
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
gbp is going down i have been telling u this since friday and if MPC meeting couldnt push it up nothing will.
anyway i sold at 2.0008
its working out so far

good luck mate.
time will tell....
  • #58,918
  • Mar 19, 2008 8:56am Mar 19, 2008 8:56am
Quoting fdowtf
Don't know it yet... For the day, I shorted the pair already... Technical signals me to short, so I short... If it moves to your favor, I will lose some and vice versa... It's just that simple....^^
And, what do you mean by Big Boy playing here? Do they have so much capital to push the market around??
[confused]
the big boys i mean the banks ...they sell small unit and buy at large to make money ....
  • #58,919
  • Mar 19, 2008 8:57am Mar 19, 2008 8:57am
Quoting salah k.
bro i am reading charts and they tell me bearish
support os no support u better look at the market dollar is kicking ass
gold is down more than 60$
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
gbp is going down i have been telling u this since friday and if MPC meeting couldnt push it up nothing will.
anyway i sold at 2.0008
its working out so far

good luck mate.
anything can happen but my analysis say up ...and im sticking to my guns its the best way ...be carefull ..but do what u think is right ...
  • #58,920
  • Mar 19, 2008 8:59am Mar 19, 2008 8:59am
What TF(s) are u looking at? Do you apply fibo levels or fans? You seems really sure about what you posted... Made me confused, yet I'm still holding short....^^
Quoting nAVIN2007
time will tell....
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