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Cable Update (GBPUSD)

  • #66,041
  • May 14, 2008 3:56pm May 14, 2008 3:56pm
salah k.
The chart yu posted is a little bit old? Could you explain why you don't think there is going to be a retrace after touching 9359?
Even the weekly chart seems to show north.
Hope I'm not putting the foot on my mouth on my first post.
  • #66,042
  • May 14, 2008 3:59pm May 14, 2008 3:59pm
Quoting ver.xontm
salah k.
The chart yu posted is a little bit old? Could you explain why you don't think there is going to be a retrace after touching 9359?
Even the weekly chart seems to show north.
Hope I'm not putting the foot on my mouth on my first post.
actually the chart is not old its 5 minutes before the post

i never said there wont be a retrace and actually if u look carefully i expect a retrace to 9750 area and back down.

check it again and u'll see my point
all the best
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,043
  • May 14, 2008 4:07pm May 14, 2008 4:07pm
Quoting ver.xontm
salah k.
The chart yu posted is a little bit old? Could you explain why you don't think there is going to be a retrace after touching 9359?
Even the weekly chart seems to show north.
Hope I'm not putting the foot on my mouth on my first post.

I took it as a generalisation, that although a bounce from these oversold conditions is possible the expected direction is DOWN!!!

All numbers and predictions above this are pretty much ignored by myself though.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #66,044
  • May 14, 2008 4:12pm May 14, 2008 4:12pm
Hi, salah k.

Your right, after a closer look it is a current chart
Will take my time before posting the next time.
Thanks!!
  • #66,045
  • May 14, 2008 4:16pm May 14, 2008 4:16pm
You need to show me what timeframes you are looking at, cause if you are looking at the 1 Hr thru Daily, man, me and you are in 2 differant universes
.
Quoting salah k.
a bit early to decide!!!!!

i dont if its just me but if u look at a larger time frame its seems pretty bearish.

any comments are highly appreciated
  • #66,046
  • May 14, 2008 4:18pm May 14, 2008 4:18pm
Quoting ver.xontm
Hi, salah k.

Your right, after a closer look it is a current chart
Will take my time before posting the next time.
Thanks!!
no problem bro
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,047
  • May 14, 2008 4:19pm May 14, 2008 4:19pm
Quoting hard1head1
You need to show me what timeframes you are looking at, cause if you are looking at the 1 Hr thru Daily, man, me and you are in 2 differant universes
.
no bro
1h and 4h show bullish to 9750 area

but on larger time frames i see that after 9750 we r going back down.

dude just enlarge the chart and u'll see my TF
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,048
  • May 14, 2008 4:29pm May 14, 2008 4:29pm
..it has to cross 9510 for upward movement,otherwise keep your short!
  • #66,049
  • May 14, 2008 4:32pm May 14, 2008 4:32pm
Hey all, If this thing gets past the 9530 area, ( RED X ) I will eat my hat. This is exactly 61.8 Fib level of the last 4 Hr move down. 9576 MAX

P.S. I havent had to eat it yet!
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  • #66,050
  • May 14, 2008 4:45pm May 14, 2008 4:45pm
this is going to the top ...
  • #66,051
  • May 14, 2008 4:45pm May 14, 2008 4:45pm
Supposedly I got a violation today for something. I havent done anything illegal, I havent done anything to collect money and someone sentenced me before all the facts were in. I have only offered to tell some friends who taught me. This is totally up to them, I didnt force them to come to me. I think this is bull. I can see if I was harboring intent to swindle, but I am not.
  • #66,052
  • May 14, 2008 4:52pm May 14, 2008 4:52pm
Quoting hard1head1
Supposedly I got a violation today for something. I havent done anything illegal, I havent done anything to collect money and someone sentenced me before all the facts were in. I have only offered to tell some friends who taught me. This is totally up to them, I didnt force them to come to me. I think this is bull. I can see if I was harboring intent to swindle, but I am not.
I'm sorry to hear that Jim, i can't honestly see anything you've done wrong. You've been of great help to all of us and i think i can speak for most of the guys who post on here regularly.

Shashi
"The trend is your friend, until the end."
  • #66,053
  • May 14, 2008 5:00pm May 14, 2008 5:00pm
Hi,

I'm a beginner in Forex trading, As per my understanding to 4H Chart, i foresee that this pair would go long.

Can anyone confirm my understanding is right?



regards,
Jayandh
  • #66,054
  • May 14, 2008 5:00pm May 14, 2008 5:00pm
Hard, that also happens to be right between my T1 and T2 extensions from that last amenic bull swing. I was projecting the following PA if we're finally LONG:

Target 1: 1.9530
Retrace 1: 1.9490
Target2: 1.9585

I've got a very small 20% (probe) long order in at 1.9470. If it makes it to 1.9530, I'll move my stop to break even and buy another 40% of my position in at the retracement (1.9490). If it makes it to the next target, I'll put on the rest of my position at that retaracement, move the stops of the other two orders, and be making risk free money for the rest of the move up. I love pyramiding my orders in a fresh trend. If it's not a trend change, no biggy. I've never ben able to do this with Forex, but it worked very well with stock.

Quoting hard1head1
Hey all, If this thing gets past the 9530 area, ( RED X ) I will eat my hat. This is exactly 61.8 Fib level of the last 4 Hr move down. 9576 MAX

P.S. I havent had to eat it yet!
{Promotion Removed}
  • #66,055
  • May 14, 2008 5:03pm May 14, 2008 5:03pm
Quoting salah k.
a bit early to decide!!!!!

i dont if its just me but if u look at a larger time frame its seems pretty bearish.

any comments are highly appreciated
Monthly, is testing 38% fibo retracement.
Weekly, is trying to rebounce from a double bottom.

Who knows if 38% is broken and double bottom fails. But if any this does not happen , then is bullish waiting for confirmation entry.
  • #66,056
  • May 14, 2008 5:04pm May 14, 2008 5:04pm
Quoting hard1head1
Supposedly I got a violation today for something. I havent done anything illegal, I havent done anything to collect money and someone sentenced me before all the facts were in. I have only offered to tell some friends who taught me. This is totally up to them, I didnt force them to come to me. I think this is bull. I can see if I was harboring intent to swindle, but I am not.

huh?
  • #66,057
  • May 14, 2008 5:05pm May 14, 2008 5:05pm
Nope, read the rules, there is nothing in there that says I cant tell someone where I learned what. That is a violation of Article 1


Amendment I
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.



Quoting ForexRookie
I'm sorry to hear that Jim, i can't honestly see anything you've done wrong. You've been of great help to all of us and i think i can speak for most of the guys who post on here regularly.

Shashi
  • #66,058
  • May 14, 2008 5:08pm May 14, 2008 5:08pm
Quoting Carrera
Monthly, is testing 38% fibo retracement.
Weekly, is trying to rebounce from a double bottom.

Who knows if 38% is broken and double bottom fails. IF not happen any of this, then is bullish waiting for confirmation entry.
i get ur point but candles show bearish formation in monthly and even weekly
unless this week's candle closes above 9500 which would be hard if US news tomorrow is good

bottom line is and i've been saying it for the last 2 months the UK is in the same condition as US only with a latency phase and the rest of europe will likely follow

so fundamentals are tough for UK economy which is passing through stagflation period .

and historically speaking the sterling and at this price is relatively high
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,059
  • May 14, 2008 5:11pm May 14, 2008 5:11pm
Quoting hard1head1
Nope, read the rules, there is nothing in there that says I cant tell someone where I learned what. That is a violation of Article 1


Amendment I
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.
Did u get my mail? Sorry to hear what happened but I am still interested.
  • #66,060
  • May 14, 2008 5:12pm May 14, 2008 5:12pm
I think they have to proove that I am making money off of this, right? I am not in any way benifiting from this, I just cant return an email from a Private Message. If I was doing something against the law then fine. Fine me, but I am not.

I was trying to do this because I thought giving a name out would be considered spamming. So get that, I tried to do something right and got slapped for something someone THOUGHT I was doing.
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