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Cable Update (GBPUSD)

  • #67,301
  • May 22, 2008 9:15am May 22, 2008 9:15am
Quoting scyang
You are right. I think I have the talent as you, making prices move the opposite direction I enter.
  • #67,302
  • May 22, 2008 9:21am May 22, 2008 9:21am
Quoting nAVIN2007
now way im going long here its already done the dailly expectation..i say u try
nav.. may i have this indicator?

looks great..
Attached Image
  • #67,303
  • May 22, 2008 9:23am May 22, 2008 9:23am
Quoting plumiash
nav.. may i have this indicator?

looks great..

sure bro ..
Attached File(s)
File Type: ex4 #Signal_Bars_v6.ex4   54 KB | 379 downloads
  • #67,304
  • May 22, 2008 9:28am May 22, 2008 9:28am
long is not doing really well is it ...

common everyone let's long it all the way to 2.0
  • #67,305
  • May 22, 2008 9:53am May 22, 2008 9:53am
Quoting nAVIN2007
sure bro ..

thanks a lot nav!
  • #67,306
  • May 22, 2008 9:57am May 22, 2008 9:57am
hello every1 , this is my 1st reply here ...

today may have been the worst day since i started trading this pair ... all my expectations and analysis were in favour USD getting stronger. i am short @ 9512 ... being stuck for few days now ....

now i think its heading towards the 2.0020 , then god only knows where its going
  • #67,307
  • May 22, 2008 10:00am May 22, 2008 10:00am
unlucky for you mate. u need to cut loss now. alot of people speculate this pair will go further than 2.0 . it was not that great for me for the past 2 days too..
  • #67,308
  • May 22, 2008 10:04am May 22, 2008 10:04am
I read Husin post and he said maybe cable going down..
and I believe him..
  • #67,309
  • May 22, 2008 10:05am May 22, 2008 10:05am
Quoting bashman
hello every1 , this is my 1st reply here ...

today may have been the worst day since i started trading this pair ... all my expectations and analysis were in favour USD getting stronger. i am short @ 9512 ... being stuck for few days now ....

now i think its heading towards the 2.0020 , then god only knows where its going

dont work i doubt we going to break out the downtrend, expect the whit line to be tested and hopefully will go back in ...and downtrend shall continue
Attached Image (click to enlarge)
Click to Enlarge Name: picture.JPG Size: 64 KB
  • #67,310
  • May 22, 2008 10:06am May 22, 2008 10:06am
Quoting B@by trader
I read Husin post and he said maybe cable going down..
and I believe him..
do u mind to show me the link pls? i would like to have a look thanks
  • #67,311
  • May 22, 2008 10:07am May 22, 2008 10:07am
15:00 GBP/USD: Funds Use Overnight Data as Good Sell Opportunity New York, May 22. The market has been trading lower since the US open with heavy sell interest now emerging from longer-term accounts looking to take advantage of the attractive price off of the latest rally on the back of the overnight better than expected data. The core view from these accounts is that the picture in the UK remains gloomy with the economy expected to continue to slide over the coming months. Many now see the problems in the UK as even worse than those in the US leaving the elevated exchange rate highly exposed to a material pullback.
Not only does the UK have to deal with a major slowing in the economy, but they also need to do this with a much higher interest rate. Also adding an additional strain on the sterling is the heightened bout of global risk aversion which should result in a continued liquidation from carry trades. Technical studies are aligned with this outlook as the pair now trades near the top of medium term bear channel resistance. Various US corporate names and Russian accounts have been seen propping today. [email protected]
  • #67,312
  • May 22, 2008 10:10am May 22, 2008 10:10am
effectively we still in downtrend just...needs to bounce here thou
Attached Image (click to enlarge)
Click to Enlarge Name: picture.JPG Size: 64 KB
  • #67,313
  • May 22, 2008 10:10am May 22, 2008 10:10am
Quoting nAVIN2007
dont work i doubt we going to break out the downtrend, expect the whit line to be tested and hopefully will go back in ...and downtrend shall continue
  • #67,314
  • May 22, 2008 10:13am May 22, 2008 10:13am
Cable is unbelievable. Euro, gold, oil, commodities have all come down. Only cable is staying up. Anybody has an explanation?
Expected the unexpected
  • #67,315
  • May 22, 2008 10:17am May 22, 2008 10:17am
5




4




3




2




1




here we go




d
o
w
n





hope u all like it




Keep Learning and you'll get what you want...
  • #67,316
  • May 22, 2008 10:18am May 22, 2008 10:18am
Quoting nAVIN2007
effectively we still in downtrend just...needs to bounce here thou
thanks nAVIN appreciate it
  • #67,317
  • May 22, 2008 10:19am May 22, 2008 10:19am
Quoting MasAdhi
5




4




3




2




1




here we go




d
o
w
n





hope u all like it




lol not exactly coz i havent bought short yet XD
  • #67,318
  • May 22, 2008 10:20am May 22, 2008 10:20am
Shorted cable at 1.9805 for 1.9680s

SL above 1.9863

Should start coming back down. Tommorrow big down
  • #67,319
  • May 22, 2008 10:22am May 22, 2008 10:22am
Quoting nAVIN2007
dont work i doubt we going to break out the downtrend, expect the whit line to be tested and hopefully will go back in ...and downtrend shall continue
agree with u
  • #67,320
  • May 22, 2008 10:24am May 22, 2008 10:24am
Quoting uncleforex
Shorted cable at 1.9805 for 1.9680s

SL above 1.9863

Should start coming back down. Tommorrow big down
weekly chart has a very bullish stance, even if it retrace 50% it still bullish ..very worrying for long term short
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