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Cable Update (GBPUSD)

  • #76,361
  • Jul 17, 2008 7:38am Jul 17, 2008 7:38am
Good mornig all.. looks like USD builders are taking advantage of the down market to expand before it rebounds.. Makes since, every where I go, land is being developed at an incredible rate. New communities etc.
USD Est Non Mortuus
  • #76,362
  • Jul 17, 2008 7:41am Jul 17, 2008 7:41am
Everything looks good for USD..
hopefully..
  • #76,363
  • Jul 17, 2008 7:42am Jul 17, 2008 7:42am
http://bp1.blogger.com/_nmIuQsC9b-Q/...r++gbp+usd.png
{Promotion Removed}
  • #76,364
  • Jul 17, 2008 7:45am Jul 17, 2008 7:45am
i say we all go short..it would certainly help me break the weekly resistance...
  • #76,365
  • Jul 17, 2008 7:53am Jul 17, 2008 7:53am
are u guys long or short here?
  • #76,366
  • Jul 17, 2008 7:54am Jul 17, 2008 7:54am
Quoting nAVIN2007
are u guys long or short here?
We are waiting for you so we can use nav indicator to go opposite.
Expected the unexpected
  • #76,367
  • Jul 17, 2008 7:55am Jul 17, 2008 7:55am
Reaction to the news is over analysis has set in.
How can we have so much development in buildings with a major mortgage bank folding up and unemployment so low?

The cable will continue upwards
  • #76,368
  • Jul 17, 2008 7:55am Jul 17, 2008 7:55am
Quoting scyang
We are waiting for you so we can use nav indicator to go opposite.

my ass is short

my record for this month ..

its quite sad really i need that number of wins in order to make profit...i guess this means i need to maximise my wins which my results show i aint ...but improvement nevertheless
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  • #76,369
  • Jul 17, 2008 8:02am Jul 17, 2008 8:02am
Quoting nAVIN2007
my ass is short

my record for this month ..

its quite sad really i need that number of wins in order to make profit...i guess this means i need to maximise my wins which my results show i aint ...but improvement nevertheless
Very nice Nav. Nice to see your results.
USD Est Non Mortuus
  • #76,370
  • Jul 17, 2008 8:04am Jul 17, 2008 8:04am
Quoting nAVIN2007
my ass is short
so i guess its just us.... again.
  • #76,371
  • Jul 17, 2008 8:06am Jul 17, 2008 8:06am
Quoting samuzowulu
Reaction to the news is over analysis has set in.
How can we have so much development in buildings with a major mortgage bank folding up and unemployment so low?

The cable will continue upwards
dollar index is basically at the bottom, news dollar has taken a battering this week yet gpb has stalled to break high of yesterday

dailly chart.....dark cloud cover.....
4hr chart 2 bearish engulfing pattern ...we should technically move down and news better act as the fuel
  • #76,372
  • Jul 17, 2008 8:08am Jul 17, 2008 8:08am
Quoting nAVIN2007
my ass is short

my record for this month ..

its quite sad really i need that number of wins in order to make profit...i guess this means i need to maximise my wins which my results show i aint ...but improvement nevertheless
Good going Nav....
  • #76,373
  • Jul 17, 2008 8:09am Jul 17, 2008 8:09am
Quoting LuckyLurker
Very nice Nav. Nice to see your results.
thank u .....

Its all down to people helping me and without them these results couldnt have been achieved..and they all know who there are

thanks guys
  • #76,374
  • Edited 8:33am Jul 17, 2008 8:10am | Edited 8:33am
Quoting DJ4x
so i guess its just us.... again.
u know if and when it goes down ....every1 gonna come out of the closet

oh crap we still look to be in this range...nobody want to sell...every1 sick of downtrend

looks as if the banks are on a mission to kill us today ...
  • #76,375
  • Jul 17, 2008 9:33am Jul 17, 2008 9:33am
Yet another crappy meandering day. Cable and Euro are stuck in the same range they've been in for months. Perhaps this is a sign of things to come. We are in an era of unprecedented globalisation, when world economies are more inter-dependent than ever, the US slumped and the rest of the world followed. Perhaps the end game is monetary union.

I hope this isn't the start of a long term pattern of less forex movement otherwise there's little future in currency trading for us trend followers.
  • #76,376
  • Jul 17, 2008 9:41am Jul 17, 2008 9:41am
If this pair does not make new highs or lows today, then tomorrow will be an interesting day. I feel that we are headed down based on the fact we are still need to test the 200 SMA, but after that we are headed back up. Unless something drastic happens.

-Ambrodel
Imma do the things that i wanna do I ain't got a thing to prove to you
  • #76,377
  • Jul 17, 2008 9:46am Jul 17, 2008 9:46am
hey guys cable seems to be in stable trading range, consoldationing, long still looks preferable....
Trading is 80% Emotional, 20% Technical
  • #76,378
  • Jul 17, 2008 9:49am Jul 17, 2008 9:49am
Just added another short at 2.0055.
  • #76,379
  • Jul 17, 2008 9:55am Jul 17, 2008 9:55am
Quoting nAVIN2007
u know if and when it goes down ....every1 gonna come out of the closet

oh crap we still look to be in this range...nobody want to sell...every1 sick of downtrend

looks as if the banks are on a mission to kill us today ...
Nav keep those shorts running I am long from 2.0091 hopeing to get out there tonight.

Well done on your results!!
  • #76,380
  • Jul 17, 2008 10:23am Jul 17, 2008 10:23am
Quoting Runway Trade
Nav keep those shorts running I am long from 2.0091 hopeing to get out there tonight.

Well done on your results!!
2.0091 is my target for today. We might not get there during the US Session but we're going to get there. If we close US today below 2.0100, we're going back down tomorrow. Then again tomorrow is Friday and they sometimes do exactly the opposite on Friday. I'll probably be looking for a short entry around 2.012x.
Just digging in the trenches like everyone else!
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