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Cable Update (GBPUSD)

  • #72,841
  • Jun 26, 2008 10:50pm Jun 26, 2008 10:50pm
Quoting manize
She is moving, where to ?
just aud and cad pairs seem moving, rest lack self esteem (until london)
  • #72,842
  • Jun 26, 2008 11:46pm Jun 26, 2008 11:46pm
remeber oil is at a all time high ....it might hopefully have reached the high and is being tested...if it sinks dollar should get stronger and down hopefully this sink like someone filled it with lead...

but i have to say it looking like 1.97 is the target...cause it is bullish trising trend from the bottom....so its kinda difficult to know where its heading longer term ...
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  • #72,843
  • Jun 26, 2008 11:48pm Jun 26, 2008 11:48pm
i get feeling we are at top, cause everyone is wondering if it's going higher or not, so im short, 50/50 chance , as long as my risk/reward better than that, im k
  • #72,844
  • Jun 26, 2008 11:56pm Jun 26, 2008 11:56pm
Quoting nAVIN2007
remeber oil is at a all time high ....it might hopefully have reached the high and is being tested...if it sinks dollar should get stronger and down hopefully this sink like someone filled it with lead...

but i have to say it looking like 1.97 is the target...cause it is bullish trising trend from the bottom....so its kinda difficult to know where its heading longer term ...
great analysis bro but its hard for oil to sink

not with all the political distress being caused.
OPEC d3ecisions are not even being looked at by oil traders
lets c wat happens

its dangerous to enter short now cause cable might be flagging and traders loading up on buys.

current account should give us a clue about trader sentiment
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #72,845
  • Jun 26, 2008 11:59pm Jun 26, 2008 11:59pm
:nerd:Looking forward for my targets to hit before I enter.
Other than that, it looks like another beautiful day to fill up the Money Bin.
Don't Get Bitter, Get Better
  • #72,846
  • Jun 27, 2008 12:05am Jun 27, 2008 12:05am
Quoting BANDA
Turveyd
I feel your pain I myself lost big time today. I am sure I will have to give up soon as I can't afford this anymore. I shorted GBP and got burnt big time, signs were there it was going north.
im sorry to hear this buddy ...GOOD LUCK and hopefully u will come back stronger but only after demo brother...its better to demo than to give up unless u feel like yur addicted...then its bad!

trading shouldnt been done for the sack of having to make a trade..
i know comin from me that rich! ..but i have calmed down ....remember no pain no gain, u need some pain to gain a big dream
best of luck to u ....
  • #72,847
  • Jun 27, 2008 12:06am Jun 27, 2008 12:06am
My bias is Up after a dip to the 830 area; the retrace from yesterday + the DPP. But Im waiting to see how that Pivot holds up.
Don't Get Bitter, Get Better
  • #72,848
  • Jun 27, 2008 12:07am Jun 27, 2008 12:07am
Quoting salah k.
great analysis bro but its hard for oil to sink

not with all the political distress being caused.
OPEC d3ecisions are not even being looked at by oil traders
lets c wat happens

its dangerous to enter short now cause cable might be flagging and traders loading up on buys.

current account should give us a clue about trader sentiment
  • #72,849
  • Jun 27, 2008 12:08am Jun 27, 2008 12:08am
Quoting salah k.
great analysis bro but its hard for oil to sink

not with all the political distress being caused.
OPEC d3ecisions are not even being looked at by oil traders
lets c wat happens

its dangerous to enter short now cause cable might be flagging and traders loading up on buys.

current account should give us a clue about trader sentiment
according to me current account should make it sink ...i cant see a uptrend forming ...but forex being forex, u just never know
  • #72,850
  • Jun 27, 2008 12:10am Jun 27, 2008 12:10am
i went long at 1.9850, s/l anything below 19800, t/p 1.9950
If I Go Broke Trying Then I Will die happy.
  • #72,851
  • Jun 27, 2008 12:10am Jun 27, 2008 12:10am
Hey Moe, I feel that Trick coming on.
Don't Get Bitter, Get Better
  • #72,852
  • Jun 27, 2008 12:11am Jun 27, 2008 12:11am
Quoting nAVIN2007
according to me current account should make it sink ...i cant see a uptrend forming ...but forex being forex, u just never know
the problem is the market already priced in a big drop in current account
how worse can it be
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #72,853
  • Jun 27, 2008 12:11am Jun 27, 2008 12:11am
Quoting nAVIN2007
according to me current account should make it sink ...i cant see a uptrend forming ...but forex being forex, u just never know
regardless of its uptrend or not, its high probablility it will go to 9740 before it goes up again, as it has done in the past few rallies, but it could be trap for me.
  • #72,854
  • Jun 27, 2008 12:12am Jun 27, 2008 12:12am
Quoting Moe
i went long at 1.9850, s/l anything below 19800, t/p 1.9950
u c
the big boys are buying the dips
wat up moe
we're just using u as a reference
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #72,855
  • Jun 27, 2008 12:13am Jun 27, 2008 12:13am
Good morning to those far away.

I'm back to bet.

Here is my trade for the record.

CYA
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  • #72,856
  • Jun 27, 2008 12:14am Jun 27, 2008 12:14am
Quoting Clouds
u know it could break the flagging area if it closes under 9838

so lets c wat happens
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #72,857
  • Jun 27, 2008 12:15am Jun 27, 2008 12:15am
Quoting salah k.
u c
the big boys are buying the dips
wat up moe
we're just using u as a reference
ima woke, busted and damn sure can't be trusted. i could be wrong guys.
If I Go Broke Trying Then I Will die happy.
  • #72,858
  • Jun 27, 2008 12:16am Jun 27, 2008 12:16am
Quoting Carrera
Good morning to those far away.

I'm back to bet.

Here is my trade for the record.

CYA
welcome back bro
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #72,859
  • Jun 27, 2008 12:17am Jun 27, 2008 12:17am
Quoting NuB
Hey Moe, I feel that Trick coming on.
i hear you, long don't look good at the momment, ima ride it out and see what happens.
If I Go Broke Trying Then I Will die happy.
  • #72,860
  • Jun 27, 2008 12:18am Jun 27, 2008 12:18am
Look at oil price guys, Short for GU looks abit risky
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