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Cable Update (GBPUSD)

  • #66,061
  • May 14, 2008 5:14pm May 14, 2008 5:14pm
Hard, for God's sake! You specifically REFUSED to tell anyone on the forum or in PMs. In fact, i still don't know who it is. What more do you have to do? If you voiated the rules, I wonder what the "powers that be" think about all of the signatures that say "James 16" with a link to James' chart reading site?

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.
{Promotion Removed}
  • #66,062
  • May 14, 2008 5:18pm May 14, 2008 5:18pm
Im pretty sure he or she violated my rights there. Just in case I saved a copy of the email and I am copying out all those posts and send them to my lawyer tonight.

Quoting ciscoguy
Hard, for God's sake! You specifically REFUSED to tell anyone on the forum or in PMs. In fact, i still don't know who it is. What more do you have to do? If you voiated the rules, I wonder what the "powers that be" think about all of the signatures that say "James 16" with a link to James' chart reading site?
  • #66,063
  • May 14, 2008 5:24pm May 14, 2008 5:24pm
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!

u realise if what u think will happen ie retrace and 61.8 fib and it goes down what u think the target is? cause if what u saying happens it will mean we see 1.8 levels and i doubt that somehow..ABCD PATTTERN

anyway i hope this puppy retraces at 50% and resume upwards in morning more likely i think ..


THIS WILL RETRACE TO 1.9450 NOW AND BACK ..we in the uptrend..as it seems we have a new swing...
  • #66,064
  • May 14, 2008 5:30pm May 14, 2008 5:30pm
Quoting salah k.
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
I agree with you, I'm talking about the "IF" 38% holds or we see a rebounce with the double bottom. Thats why I said, confirmation is a must with those conditions.
Actually, I have analysis showing a long term bearish signals getting close to 1.80 area. (Not posted here yet).
  • #66,065
  • May 14, 2008 5:35pm May 14, 2008 5:35pm
What I am seeing is that until this can close above 1.9550 I wil lnot take it long to the 1.9750 area.

Price is now below W1 TL and D1 TL, both of which are very strong resistence at this time plus the upper channel TL which has not been breached since 4/28.

To me there is going to be a lot of downward pressure and although we may see a break above these levels, I can't imagine that it would stay there.

Today's candle is diffinitely Bullish, but it is very possible to see a bearish candle form tomorrow. Hoevever, I think it would be a safe bet to take this trade up to 1.9530 and then wait for the close of the D1 tomorrow for further trades.

JMO.....

Blue lines W1 TL's and red lines D1 TL's

Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 130 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #66,066
  • May 14, 2008 6:15pm May 14, 2008 6:15pm
I don't think there's much point speculating right now, looks too uncertain for my liking.

Let's just see what tomorrow brings.
  • #66,067
  • May 14, 2008 6:36pm May 14, 2008 6:36pm
Quoting Carrera
I agree with you, I'm talking about the "IF" 38% holds or we see a rebounce with the double bottom. Thats why I said, confirmation is a must with those conditions.
Actually, I have analysis showing a long term bearish signals getting close to 1.80 area. (Not posted here yet).

great man i have my eyes set on 1.90 area or even 187 area
i just didnt dare say it because most people here expect 2.11 soon and they'd kill me


LOL
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,068
  • May 14, 2008 6:48pm May 14, 2008 6:48pm
Quoting forexmoments
I don't think there's much point speculating right now, looks too uncertain for my liking.

Let's just see what tomorrow brings.
Finally a sensible post!!!


Possbility exists of a up day tommorow, exibiting more strength than yesterday, need to take the 62hour ema 1.9475 currently, risky shorts near on weakness, full on shorts on the 24hour sma breaking 1.9440 currently.

As stated I don't see much upside, who'd be crazy enough to buy gbp in the current UK climate, 1.9555 expect, 1.9630 TOPS!!


Just realised I'm not around AT ALL tomorrow why am I bothering LOL



* Coin flip TAILS so DOWN!!! *
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #66,069
  • May 14, 2008 6:51pm May 14, 2008 6:51pm
Quoting salah k.
great man i have my eyes set on 1.90 area or even 187 area
i just didnt dare say it because most people here expect 2.11 soon and they'd kill me


LOL
I've been short since just below 1.98 with another short just above 1.95. Looking to add another one soon as well...just not quite yet.

The next W1 TL down I have is just above 1.86. We will see, but it looks good to me. There is definietly a lot of downward pressure
"Keep your eyes on the helpers" - Mr. Rogers
  • #66,070
  • May 14, 2008 6:55pm May 14, 2008 6:55pm
Quoting Turveyd
Finally a sensible post!!!


Possbility exists of a up day tommorow, exibiting more strength than yesterday, need to take the 62hour ema 1.9475 currently, risky shorts near on weakness, full on shorts on the 24hour sma breaking 1.9440 currently.

As stated I don't see much upside, who'd be crazy enough to buy gbp in the current UK climate, 1.9555 expect, 1.9630 TOPS!!


Just realised I'm not around AT ALL tomorrow why am I bothering LOL



* Coin flip TAILS so DOWN!!! *
Your evaluation looks pretty good. Take 75 pips or more if you want to buy on the retracement at 1.9440 level and then get out and then wait for tomorrow.
"Keep your eyes on the helpers" - Mr. Rogers
  • #66,071
  • May 14, 2008 7:11pm May 14, 2008 7:11pm
Quoting damonl
Your evaluation looks pretty good. Take 75 pips or more if you want to buy on the retracement at 1.9440 level and then get out and then wait for tomorrow.
Hey we've got the same Goal, think I'm down to 5weeks for my target, might have to extend 2 weeks as been working flat out for 2weeks, but hopefully 3 - 4 months cash in the bag

Shoulda trusted the 62ema and it's uncanny accuracy and shorted.

But 1:15am, loads of work still to get done for the am
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #66,072
  • May 14, 2008 7:21pm May 14, 2008 7:21pm
down we go
  • #66,073
  • May 14, 2008 7:22pm May 14, 2008 7:22pm
Quoting Turveyd
Hey we've got the same Goal, think I'm down to 5weeks for my target, might have to extend 2 weeks as been working flat out for 2weeks, but hopefully 3 - 4 months cash in the bag

Shoulda trusted the 62ema and it's uncanny accuracy and shorted.

But 1:15am, loads of work still to get done for the am
Let's make it happen then
"Keep your eyes on the helpers" - Mr. Rogers
  • #66,074
  • May 14, 2008 7:25pm May 14, 2008 7:25pm
Quoting roxxy23
down we go
Nah, my 1.9440 held, damn my system ROCKS, why aren't I a millionaire already

Ohhh LAZY Terminally

Euro's retested 24hour to, 1.5455.


You can't beat a fully self calculating system, designed with my own lazyness involved, no trend lines to draw EVER and very high rates off success
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #66,075
  • May 14, 2008 7:28pm May 14, 2008 7:28pm
Quoting Turveyd
Nah, my 1.9440 held, damn my system ROCKS, why aren't I a millionaire already

Ohhh LAZY Terminally

Euro's retested 24hour to, 1.5455.


You can't beat a fully self calculating system, designed with my own lazyness involved, no trend lines to draw EVER and very high rates off success

Let me know about your system
  • #66,076
  • May 14, 2008 7:28pm May 14, 2008 7:28pm
Quoting damonl
I've been short since just below 1.98 with another short just above 1.95. Looking to add another one soon as well...just not quite yet.

The next W1 TL down I have is just above 1.86. We will see, but it looks good to me. There is definietly a lot of downward pressure
great so im not crazy if im seeing 18500 area
for my shorts i would be happy with 19000 which is the max i might hold them

i will close half at 9200 and another half of that at 9100 and the rest on 9000

i still c 1.9000 as a big psychological support.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,077
  • May 14, 2008 7:36pm May 14, 2008 7:36pm
Quoting roxxy23
Let me know about your system
PM me and I'll fill you in, tommorow / Friday when my works finished.

Basically a couple of well tested objectively I'll add SMA


M1, 10SMA H / L / HL/2 ( all 3 ), 45sma, 90sma, 180sma, 360sma 720sma + BB 90,3

M15, 96sma ( 24hour Average ie 1 day ). 248EMA ( thats the 62hour EMA )

Use them as S/R points and to follow the trend.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #66,078
  • May 14, 2008 7:42pm May 14, 2008 7:42pm
you can always find a bear and a bull in every pair, this very well may drop more but overall it is not done topside yet
Don't chase the market, Let the market come to you
  • #66,079
  • May 14, 2008 7:46pm May 14, 2008 7:46pm
Quoting Tmac
you can always find a bear and a bull in every pair, this very well may drop more but overall it is not done topside yet
Being neither and trading purely what you see, is always the best strategy!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #66,080
  • May 14, 2008 7:48pm May 14, 2008 7:48pm
9530 Area thn back down.
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