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Cable Update (GBPUSD)

  • #67,561
  • May 23, 2008 10:27am May 23, 2008 10:27am
Quoting crazy horse
navin if you said that is not a morning star,,then good luck with youre trading...you need seriuosly more practise my friend

bro ...morning star only occur at bottom of trends ...thou the pattern is the same it doesnt mean everytime u see it it denote change of trend up...
  • #67,562
  • May 23, 2008 10:29am May 23, 2008 10:29am
Double top and bearish divergence...I'm short
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Money & Pain Respect the market, protect your capital, be patient
  • #67,563
  • May 23, 2008 10:29am May 23, 2008 10:29am
Quoting bashman
short @ 1.9815 my target @ 1.9745, S/L @ 1.9850 , hope it goes well for me this time
i hope it does
but ur entering at the end of a trading day in the end of the trading week
when theres little volatility

all the best bro
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #67,564
  • May 23, 2008 10:31am May 23, 2008 10:31am
Im so tempted to go short but then think.. Cables refused to go down all week despite the signs.
IMO theres no reason why the "signs" should be accurate this time around.
All that we know is that EVENTUALLY gbp will retrace. - Theres no point trying to get in right at the turning point - so many people have been burned doing that this week.
  • #67,565
  • May 23, 2008 10:33am May 23, 2008 10:33am
navin i will talk to you in a week or 2 when the gbp is break the 2.00 level ,, but remember it will just make a spike high through 2.00 then it will retrace to make the right tip at 1.9630 ,then all the way up to 2.06..
  • #67,566
  • May 23, 2008 10:34am May 23, 2008 10:34am
Quoting salah k.
dollar is really weak
and Dow is having the worst day in the week
actually this is probably the worst week of the year down almost 600points
Yes it's great, I just spent 50k on shares - perfect time to buy

very happy with the Dow and my previous purchases are still well ahead
  • #67,567
  • May 23, 2008 10:35am May 23, 2008 10:35am
Quoting crazy horse
navin i will talk to you in a week or 2 when the gbp is break the 2.00 level ,, but remember it will just make a spike high through 2.00 then it will retrace to make the right tip at 1.9630 ,then all the way up to 2.06..
and which horse will win the grand national next year ? I should have bought a time machine instead of that lawn mower
  • #67,568
  • May 23, 2008 10:36am May 23, 2008 10:36am
Quoting crazy horse
navin i will talk to you in a week or 2 when the gbp is break the 2.00 level ,, but remember it will just make a spike high through 2.00 then it will retrace to make the right tip at 1.9630 ,then all the way up to 2.06..
it wont happen .....the divergence on daily will prevent it and ....u will see yourself this candle on daily will likely end as a doji...cofirmation we overbought diverence will bring it down next major support is 1.9600 ish area


even if it goes to 2.00...not bothered as i know it will fall.
im a bull in this.....cant see fundamentally how it going to 2.00..news wont allow it....time will tell ....
  • #67,569
  • May 23, 2008 10:36am May 23, 2008 10:36am
Quoting allserene
Yes it's great, I just spent 50k on shares - perfect time to buy

very happy with the Dow and my previous purchases are still well ahead
u just bought as in today?

if so i hope next week it goes ur way
although there are no signs that it might
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #67,570
  • May 23, 2008 10:38am May 23, 2008 10:38am
Quoting allserene
and which horse will win the grand national next year ? I should have bought a time machine instead of that lawn mower
wat do u think about the housing market in the US

in ur opinion have we reached a bottom or do we still have more room to go down?
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #67,571
  • May 23, 2008 10:43am May 23, 2008 10:43am
eur/jpy ..massive sell of in the next 6 months
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  • #67,572
  • May 23, 2008 10:43am May 23, 2008 10:43am
Quoting salah k.
u just bought as in today?

if so i hope next week it goes ur way
although there are no signs that it might

Shhhhhh.....

Let him hold it because Im taking the other side.


--TNT--
I Love Forex Factory!
  • #67,573
  • May 23, 2008 10:46am May 23, 2008 10:46am
Quoting --TNT--
Shhhhhh.....

Let him hold it because Im taking the other side.


--TNT--
nice one
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #67,574
  • May 23, 2008 10:48am May 23, 2008 10:48am
tnt ..are you long in eur/jpy ???
  • #67,575
  • May 23, 2008 10:49am May 23, 2008 10:49am
this forum is so scary for me ... forex is exactly ,the winners take the losers money.. its unbelievable
  • #67,576
  • May 23, 2008 10:51am May 23, 2008 10:51am
Quoting crazy horse
tnt ..are you long in eur/jpy ???

Im not trading that pair. But if I decide to trade that pair, I would look for buy opportunity. Thats just me.


--TNT--
I Love Forex Factory!
  • #67,577
  • May 23, 2008 10:54am May 23, 2008 10:54am
Quoting --TNT--
Shhhhhh.....
Quoting --TNT--

Let him hold it because Im taking the other side.


--TNT--



Im only kidding allserene

I dont know anything abaout that market. Maybe 1 day i'll start trade besides FX market. One step at a time. Wsh you all the best on your trade.


--TNT--
I Love Forex Factory!
  • #67,578
  • May 23, 2008 10:57am May 23, 2008 10:57am
GBP will go down, but you'll have to wait till Sunday...More specifically European open on Monday. Friday afternoon have been bullish for GBP most of the time this year. Plus, the current local trend is up. Best strategy - go short last minute (around 4-45 p.m. ESt today)
Currently, I am long @1.9817, targets - 1.9835, 1.9849, 1.9864
"Luxury is one of the basic needs", (c), Don Corleone
  • #67,579
  • May 23, 2008 10:58am May 23, 2008 10:58am
Quoting crazy horse
this forum is so scary for me ... forex is exactly ,the winners take the losers money.. its unbelievable

Well thats the way it is, isn't it? The only different is overall some lose a little and make more. Others lose alot and make alittle.


--TNT--
I Love Forex Factory!
  • #67,580
  • May 23, 2008 11:00am May 23, 2008 11:00am
Quoting salah k.
u just bought as in today?

if so i hope next week it goes ur way
although there are no signs that it might
I dont care about next week or next month because I keep shares until they make 30% or so in a a year or two or keep em longer if the dividends are good and continuing

With bank interest rates at 2% on usd, even 7.5% including dividends is good - and that is my base (worst) target for shares including dividends which should be really easy historically

even Fidelity's better funds can do 13% minimum

The shares I buy are mostly international - the companies who are building Dubai or ever bigger killing systems for the Americans and they will make money for many years to come until the arabs run out of oil or the Americans become socialists and pacifists

Some predictions are easy
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