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Cable Update (GBPUSD)

  • #67,461
  • May 23, 2008 4:08am May 23, 2008 4:08am
Quoting nAVIN2007
see this is what i mean how can any1 have predicted this downward movement especailly after closing above the pivot and then to rush down again ....rediculious......
Just want to know if you are in long or short so I can do the opposite.
Expected the unexpected
  • #67,462
  • May 23, 2008 4:10am May 23, 2008 4:10am
Quoting scyang
Just want to know if you are in long or short so I can do the opposite.
lol..that's the same joke happening to the same poor guy every single day
  • #67,463
  • Edited 4:13am May 23, 2008 4:12am | Edited 4:13am
Quoting nomask
lol..that's the same joke happening to the same poor guy every single day
I hope NAV knows he is being picked on because he is well liked here.
Expected the unexpected
  • #67,464
  • May 23, 2008 4:13am May 23, 2008 4:13am
do you talk to me ??
  • #67,465
  • May 23, 2008 4:16am May 23, 2008 4:16am
Quoting scyang
Just want to know if you are in long or short so I can do the opposite.
,
If I Go Broke Trying Then I Will die happy.
  • #67,466
  • May 23, 2008 4:17am May 23, 2008 4:17am
navin,,you will go broke ,if you want to sell the gbp unless you wait to it reach 2.000 ,and leave it till 1.9630 and then reverse youre entry to make up the losses,,the gbp will reach 2.06 later this year,and a possibility to make new highs later this year/next year
  • #67,467
  • May 23, 2008 4:18am May 23, 2008 4:18am
Quoting crazy horse
do you talk to me ??
what do you mean?
If I Go Broke Trying Then I Will die happy.
  • #67,468
  • May 23, 2008 4:18am May 23, 2008 4:18am
Quoting crazy horse
its really scary for me that most of the traders here talking and trading the cable short or ask whats happening with the cable,why isnt this thing going down..? can you pls tell me justt one signal why it must go down and not up..
here is justt a few long signals what i see on the cable ,and why i said its heading to 2.06.. tweezer bottoms on the the monthly chart,morning star on the weekly ,breakout of downward wedge on daily{reversal} starting with a massive crown/H&S on the daily/4 hour . there is many more ,but the res is tough above 2.000 but will eventually break it later in the summer..
good luck
agree...all technical analysis shows that...but dunno what fundementals brings..my future trades more likely based on long side at least up to 2.00-2.20
  • #67,469
  • May 23, 2008 4:20am May 23, 2008 4:20am
Quoting crazy horse
navin,,you will go broke ,if you want to sell the gbp unless you wait to it reach 2.000 ,and leave it till 1.9630 and then reverse youre entry to make up the losses,,the gbp will reach 2.06 later this year,and a possibility to make new highs later this year/next year
who wants to wait to latter this year he need to start making pips daily, this guy can't afford to hold trades for weeks are months he need some winners now
If I Go Broke Trying Then I Will die happy.
  • #67,470
  • May 23, 2008 4:22am May 23, 2008 4:22am
Well I think price is running out of space on the 4hr so down then up.I moved my resting order buy down a bit closer to 9700.
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  • #67,471
  • May 23, 2008 4:23am May 23, 2008 4:23am
the gbp/usd wont break 1.96 this year.. im so cerain about it,i will put my house on it.. the gbp is in uptrend ...the best entry is wait and be patience and go long @ 1.9630 .. wish i can upload charts.dont know how.
  • #67,472
  • May 23, 2008 4:24am May 23, 2008 4:24am
You look back at that top at 9849 and technically we had the resistance of the Medium offers 9840-50, and the 200% ext of the weds range, with oscillator divergence/extreme patterns on charts running 1min thru to 1hr. 1hr is shown below with the sequential divergence pattern, note too the breech of 1hr extreme fib tunnel (red solid line) All this indicated a fair pullback/reversal was likely
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  • #67,473
  • May 23, 2008 4:24am May 23, 2008 4:24am
Quoting crazy horse
navin,,you will go broke ,if you want to sell the gbp unless you wait to it reach 2.000 ,and leave it till 1.9630 and then reverse youre entry to make up the losses,,the gbp will reach 2.06 later this year,and a possibility to make new highs later this year/next year
firstly of the weekly hasnt closed yet and secondly we are in a traingle on monthly bodies are very small .....things in UK arent getting better so fundamanetaally speaking why u expecting it to go up and stay there..

the fact is there indecision in the market and u will be more ranges, i am not going to even try to attempt to guess this market direction ...right now nobody knows wheather its up or down...signal point downish, but news for £ is positive so a rise is expected.....

do u really expect it to break out of downtrend when news for UK ISNT made made breakthrough?

personally i think today trading will be a bad day movement will be very small...this bodies of daily candle will likely i hope stay small ....monday candle will test and break trendline and go back in downtrend, downtrend will resume.....wish full thinking i know but thats hows candles work, the produce formation that people can recognise
  • #67,474
  • May 23, 2008 4:25am May 23, 2008 4:25am
Quoting crazy horse
the gbp/usd wont break 1.96 this year.. im so cerain about it,i will put my house on it.. the gbp is in uptrend ...the best entry is wait and be patience and go long @ 1.9630 .. wish i can upload charts.dont know how.
Well it's a bit early to predict something for the rest of the year. The market changes and turns. It's already happened so many times in the last month as we all have seen. Many unexpected things out of human control can happen and can sharply turn the market. Don't forget there will be the US election in November and that can do a lot to sentiment. I wouldn't bet a dime on which direction cable goes at any given time.
Expected the unexpected
  • #67,475
  • May 23, 2008 4:26am May 23, 2008 4:26am
Quoting crazy horse
the gbp/usd wont break 1.96 this year.. im so cerain about it,i will put my house on it.. the gbp is in uptrend ...the best entry is wait and be patience and go long @ 1.9630 .. wish i can upload charts.dont know how.
you better hand over the keys because it already broke 1.9600 this year
If I Go Broke Trying Then I Will die happy.
  • #67,476
  • May 23, 2008 4:30am May 23, 2008 4:30am
i remember when soros jr came in this thread making such bold prediction, and he lost everthing right before our eyes.
If I Go Broke Trying Then I Will die happy.
  • #67,477
  • May 23, 2008 4:31am May 23, 2008 4:31am
moe,,i mean from now on,,it wont break 1.96 ... again,,it was jsut a whipsaw ,and center tip of a bull crown
  • #67,478
  • May 23, 2008 4:34am May 23, 2008 4:34am
Quoting Moe
i remember when soros jr came in this thread making such bold prediction, and he lost everthing right before our eyes.
this guy would say long when the market went against him by 600 pips then he say short and the market went against by 800 pips, i love it when traders say trust me i will bet my house it won't break 9600 this year, would you trust a guy who don't know it broke 9600 already this year
If I Go Broke Trying Then I Will die happy.
  • #67,479
  • May 23, 2008 4:36am May 23, 2008 4:36am
Quoting crazy horse
moe,,i mean from now on,,it wont break 1.96 ... again,,it was jsut a whipsaw ,and center tip of a bull crown
so we will never see 9600 again this year, so it's all up hill from here
If I Go Broke Trying Then I Will die happy.
  • #67,480
  • May 23, 2008 4:41am May 23, 2008 4:41am
i love this thread but you guys can't be dooped, if you got a system then stick with your plan, don't listen to someone telling you we will never see this or that, nobody no whats realy gonna happen in the future, making bold prediction like that have put 99% of traders in the poor house.
If I Go Broke Trying Then I Will die happy.
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