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Cable Update (GBPUSD)

  • #77,441
  • Jul 24, 2008 5:33am Jul 24, 2008 5:33am
Quoting swede5150
Morning to you all.

Please be gentle with me I''m new here.
Been reading the forum for a few days and would like to ask if anyone can point me towards any good reading about drawing trend lines etc.. so that I can accurately predict patterns in order to help my trading.
I have read alot about channels, support, resistances, daily/weekly pivots etc whilst reading the posts here and would like to learn a lot further whilst paper trading before stepping up.

Any help would be welcome.

Wishing you all much success
hi there
go to babypips

cheers
  • #77,442
  • Jul 24, 2008 5:46am Jul 24, 2008 5:46am
Quoting warta
hi there
go to babypips

cheers

yep i agree http://www.babypips.com/school/

very important
but u would still be in the Kindergarten hahahahaahahha
When life gives you lemons, make lemonade
  • #77,443
  • Jul 24, 2008 5:58am Jul 24, 2008 5:58am
I assume we all waiting on US news now. Looking for entry to go long again.
  • #77,444
  • Jul 24, 2008 5:59am Jul 24, 2008 5:59am
Quoting micho
yep i agree http://www.babypips.com/school/

very important
but u would still be in the Kindergarten hahahahaahahha

wahahahaha micho
  • #77,445
  • Jul 24, 2008 6:01am Jul 24, 2008 6:01am
Quoting DJ4x
I assume we all waiting on US news now. Looking for entry to go long again.
i should have gotten out with the profit i had... i'm back at 10 pips...
i guess i should just wait now.
  • #77,446
  • Jul 24, 2008 6:01am Jul 24, 2008 6:01am
Good morning all. Nice drop i see. Maybe I'll get to actually do my buy this week.
USD Est Non Mortuus
  • #77,447
  • Jul 24, 2008 6:03am Jul 24, 2008 6:03am
Quoting LuckyLurker
Good morning all. Nice drop i see. Maybe I'll get to actually do my buy this week.
you did call it early this week....
  • #77,448
  • Jul 24, 2008 6:04am Jul 24, 2008 6:04am
Quoting Manny
i should have gotten out with the profit i had... i'm back at 10 pips...
i guess i should just wait now.
That's why I always cut my profit short and look again. It goes against the majority of the traders in here though.
  • #77,449
  • Jul 24, 2008 6:08am Jul 24, 2008 6:08am
Quoting LuckyLurker
Good morning all. Nice drop i see. Maybe I'll get to actually do my buy this week.

i know the feeling....
  • #77,450
  • Jul 24, 2008 6:11am Jul 24, 2008 6:11am
Have to go, so put in long at 1.9856 .... . lets see
  • #77,451
  • Jul 24, 2008 6:15am Jul 24, 2008 6:15am
Quoting nAVIN2007
i know the feeling....
Yea 50/50 really. this will either retest and bounce hard, or if it breaks 830 we could see some downside to possibly 9764. 800 might be sticky too.
USD Est Non Mortuus
  • #77,452
  • Jul 24, 2008 6:24am Jul 24, 2008 6:24am
Quoting LuckyLurker
Yea 50/50 really. this will either retest and bounce hard, or if it breaks 830 we could see some downside to possibly 9764. 800 might be sticky too.

i personally think we going up from here testing 1.9900 then down..
us claim better come in worse im long now
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  • #77,453
  • Jul 24, 2008 6:39am Jul 24, 2008 6:39am
Quoting fx local
talk of UK recession are way over done, consumers spending less??, just go try and fill up some petrol, buy some food, or even try going shopping at bluewater and you see the rush and queues!!

personally think that sell off in crude is very temporary, merely profit taking, consoldation then back up to new highs perhaps this year... $110 buy?!

sorry for the typos by the way
Fx local, If everybody is spending money in UK for shopping and other stuff as you mentioned above then how come the retail news came out so bad. Are they wrong?
I think I can see the better picture from Canada then you being a local.
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  • #77,454
  • Jul 24, 2008 6:52am Jul 24, 2008 6:52am
Quoting atif
Fx local, If everybody is spending money in UK for shopping and other stuff as you mentioned above then how come the retail news came out so bad. Are they wrong?
I think I can see the better picture from Canada then you being a local.
it was only a contention looks like i was wrong!!
Trading is 80% Emotional, 20% Technical
  • #77,455
  • Jul 24, 2008 6:55am Jul 24, 2008 6:55am
Quoting fx local
it was only a contention looks like i was wrong!!

even myself this week has been mad....we buying a house and the motagage people doing everything to make getting the loan very hard....they just dont wont to give any1 any money and im placing 30% deposit.....
  • #77,456
  • Jul 24, 2008 6:57am Jul 24, 2008 6:57am
please take this with big pinch of salt but hearing US jobless claim of 366k vs 380k expected.....
Trading is 80% Emotional, 20% Technical
  • #77,457
  • Jul 24, 2008 7:00am Jul 24, 2008 7:00am
Quoting fx local
please take this with big pinch of salt but hearing US jobless claim of 366k vs 380k expected.....
it should be expected..im in trouble
right we got a bullish pin...so we tested it and now should go up....with a bit of luck
  • #77,458
  • Jul 24, 2008 7:00am Jul 24, 2008 7:00am
Quoting micho
yep i agree http://www.babypips.com/school/

very important
but u would still be in the Kindergarten hahahahaahahha
I dropped out of baby pips in the 5th grade
Seriously, that is the BEST place for anyone that wants to know anything about trading
Don't Get Bitter, Get Better
  • #77,459
  • Jul 24, 2008 7:04am Jul 24, 2008 7:04am
Quoting nAVIN2007
it should be expected..im in trouble
right we got a bullish pin...so we tested it and now should go up....with a bit of luck
I'm loaded from 1.984x area with my longs. I could be wrong, but it's the bottom of my upwards channel on my 4 hour char. This channel has been going since the 13th of June.
Just digging in the trenches like everyone else!
  • #77,460
  • Jul 24, 2008 7:06am Jul 24, 2008 7:06am
Quoting nAVIN2007
it should be expected..im in trouble
right we got a bullish pin...so we tested it and now should go up....with a bit of luck
prob bulls@it anyway, just heard it on squawk thought id share, apparantly bloomberg had it on their Eco box terminal early but it was mistake, so ignore me!!!

im long also looking for move up... lets see, tight stop looking to cut and reverse if it collapses... chart attached to any1 interested!
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Trading is 80% Emotional, 20% Technical
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