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Cable Update (GBPUSD)

  • #70,041
  • Jun 11, 2008 6:36am Jun 11, 2008 6:36am
yes inverted hammer.. i was reading about this lastnight, hammers/hanging man, are a sign of a reversal... if you look at all lower TFs 5 min and 15 mins mins hammers and hanging mans appearing on all TFs, look at the resistance at the moment... last 30 mins or so the market is undecided, lot of people will have orders both side of this bar... lets see how it play outs.

will fundies play a role in this? Bad news for BGP and the Fed are playing up the $...

F
Quoting ForexRookie
I'm sure that's an inverted hammer you're looking at (I get confused myself so i might be wrong)
  • #70,042
  • Jun 11, 2008 6:38am Jun 11, 2008 6:38am
Quoting Moe
ok let me call my broker first and withdraw my money out and il get back to you when the funds hit my account
Sweet, the hookers will be very pleased, I mean errrrmmmmm!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,043
  • Jun 11, 2008 6:42am Jun 11, 2008 6:42am
Quoting nAVIN2007
have a look at my chart made 30 pips this morning..but im going out on long term trades now like i did on demo ....just play the direction
Sweet, just doing what I'm doing then and playing the immediate term direction and keeping it simple, GOOD!!!

Out already took £11, 1.5500 Resistance so awaiting the next setup.

Win ratio since getting my act together is 10 winners and 1 loser thats a impressive stat
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #70,044
  • Jun 11, 2008 6:42am Jun 11, 2008 6:42am
Quoting Moe
warta, i think your rite, im serious, i think it's about to drop and im not kidding, but i gots to keep my long open till i see any signs of a trend change.

welll hope no bro , but we are in a risky area se whos outa market has to wait till it confirm up or down and usualy US period not so good for pound , bref , we have to wait and see
i think 590 area is up , 540 area is down
  • #70,045
  • Jun 11, 2008 6:49am Jun 11, 2008 6:49am
Quoting guess121
yes inverted hammer.. i was reading about this lastnight, hammers/hanging man, are a sign of a reversal... if you look at all lower TFs 5 min and 15 mins mins hammers and hanging mans appearing on all TFs, look at the resistance at the moment... last 30 mins or so the market is undecided, lot of people will have orders both side of this bar... lets see how it play outs.

will fundies play a role in this? Bad news for BGP and the Fed are playing up the $...

F

actualy that was a hanging man ....but it meant nothing it need to be a at a key support or resistance.....
  • #70,046
  • Jun 11, 2008 6:51am Jun 11, 2008 6:51am
Quoting warta
welll hope no bro , but we are in a risky area se whos outa market has to wait till it confirm up or down and usualy US period not so good for pound , bref , we have to wait and see
i think 590 area is up , 540 area is down
i don't know what your talking, about waiting to confirm up or down, my system have confirm up trend., and there's no such thing as risky area, trading is risky enough.
If I Go Broke Trying Then I Will die happy.
  • #70,047
  • Jun 11, 2008 6:52am Jun 11, 2008 6:52am
  •  Trader#0000
  • | Status: Unregistered Trader
I know u guys are right, but... i am going to leave my longs... i only have a small portion of my account vested... 51lots

i like my 4hr charts...

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 4.jpg Size: 150 KB
  • #70,048
  • Jun 11, 2008 6:54am Jun 11, 2008 6:54am
all it must do now is stay where it is or move higher so the next 4 hr is above support and we are off!!!!!!!!!!!


  • #70,049
  • Jun 11, 2008 6:54am Jun 11, 2008 6:54am
here we go., we could see 9750 today.
If I Go Broke Trying Then I Will die happy.
  • #70,050
  • Jun 11, 2008 6:54am Jun 11, 2008 6:54am
sweet....
  • #70,051
  • Jun 11, 2008 6:55am Jun 11, 2008 6:55am
good shit i say .....
hr hr closed above support..might test and shoot up!..it better
  • #70,052
  • Jun 11, 2008 7:03am Jun 11, 2008 7:03am
boy i will hate to be short , good job b.t.w. navin
If I Go Broke Trying Then I Will die happy.
  • #70,053
  • Jun 11, 2008 7:06am Jun 11, 2008 7:06am
Im playing alright Nav ,lol
Just no time to play here so far behind with work,lol


Quoting nAVIN2007
u aint playing today ......
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #70,054
  • Jun 11, 2008 7:06am Jun 11, 2008 7:06am
i tried to close 200k of my 500k trade at 9617 for 100 pips, 9617 price drop back to quick so i end up getting out at 9616, now im gonna let the other 300k ride it out.
If I Go Broke Trying Then I Will die happy.
  • #70,055
  • Jun 11, 2008 7:08am Jun 11, 2008 7:08am
Quoting Bones
Im playing alright Nav ,lol
Just no time to play here so far behind with work,lol
im supposed to be at work right now ...gonna get sacked for sure...lol

gonna get ready and leave b4 it happens..
  • #70,056
  • Jun 11, 2008 7:09am Jun 11, 2008 7:09am
Quoting Moe
boy i will hate to be short , good job b.t.w. navin
its about time for me man ....got to the stage where make or break..
  • #70,057
  • Jun 11, 2008 7:13am Jun 11, 2008 7:13am
Quoting nAVIN2007
good shit i say .....
hr hr closed above support..might test and shoot up!..it better
very good shit, .. party like a rock star.
If I Go Broke Trying Then I Will die happy.
  • #70,058
  • Jun 11, 2008 7:14am Jun 11, 2008 7:14am
96.5 here we come..
  • #70,059
  • Jun 11, 2008 7:14am Jun 11, 2008 7:14am
i can feel it, i can feel it, im about to blow my account up
If I Go Broke Trying Then I Will die happy.
  • #70,060
  • Jun 11, 2008 7:17am Jun 11, 2008 7:17am
Well its got to be

14:35 USDhttp://www.forexfactory.com/images/m...act_medium.gifCrude Oil Inventories


Or

18:00 USDhttp://www.forexfactory.com/images/m...act_medium.gifBeige Book


That’s dollar negative ??
Maybe that beige book has something in it thats negative about dollar value when Bernanke and Co have been talking it up.
On-site guru & also FF member's' psychiatrist, when not drinking tea
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