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Cable Update (GBPUSD)

  • #78,301
  • Jul 28, 2008 2:42pm Jul 28, 2008 2:42pm
Quote
i dunno why u r shorting guys we still have more than long room
never trade againest the trend
my opinion

by looking a tthe 4hr charts, we seem to be clearly heading downwards since july 15th and with no good news expected out of the UK over the next week I would suspect we are going no where but down.
  • #78,302
  • Jul 28, 2008 2:44pm Jul 28, 2008 2:44pm
Quoting allserene
It was re the original quote - by Jinnah - not yours micho - i clicked your response instead of the original

Actually, the new cell phone spelling of English is possibly the accepted one, and I need to update mine now or get left behind

So wheres u fink weze a goin bro ?

I am still a holdin on my short and all dat

but when 1.9931 cum arown - it will have me sweatin like sumfink wot swets a lot
my connection is fucked up... i dont know if i will make any more trades now

its tempting to sell but still confused where its going
When life gives you lemons, make lemonade
  • #78,303
  • Jul 28, 2008 2:48pm Jul 28, 2008 2:48pm
Quoting Cdawg
by looking a tthe 4hr charts, we seem to be clearly heading downwards since july 15th and with no good news expected out of the UK over the next week I would suspect we are going no where but down.

Agreed but a Run up to 2.0020 is possible during London Session tommorow than Kerplunk from there to 1.96 by the end of the week.

My 2 cents ...
  • #78,304
  • Jul 28, 2008 2:50pm Jul 28, 2008 2:50pm
Quoting Cdawg
by looking a tthe 4hr charts, we seem to be clearly heading downwards since july 15th and with no good news expected out of the UK over the next week I would suspect we are going no where but down.

sorry bro but even the 4 h chart show a classic bullish flag
check the chart



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  • #78,305
  • Jul 28, 2008 2:55pm Jul 28, 2008 2:55pm
take this too maybe u can have a better view on the 30 min chart



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  • #78,306
  • Jul 28, 2008 3:01pm Jul 28, 2008 3:01pm
Quoting poweredbuyer
Agreed but a Run up to 2.0020 is possible during London Session tommorow than Kerplunk from there to 1.96 by the end of the week.

My 2 cents ...

I agree because every time it hits 2 or gets above, everyone is in a dither and it soon ducks down under the parapet...

The days when confidence took us up to 2.11 have long gone and so even if a short trade looks bad for a while, there is every chance it will drop again - it has done every time for a long time

Uk house prices are still sky high but there is no turnover - exactly the same as reasonable areas in the US...they are just stuck. A crumbling little old semi detached size of a rabbit hutch is still £275k 10 miles out of Leeds - look on rightmove. Incredible.

No more 2.11 while the thing is stuck

I reckon we will stooge around these levels until the light dawns first in the US

So range trading is the name of the game with nothing on the horizon to shift it unless someone pops Obama off and the country goes up in flames - that's a prospect that should have everyone putting s/l's on
  • #78,307
  • Jul 28, 2008 3:02pm Jul 28, 2008 3:02pm
Quoting nAVIN2007
what im seeing bro...
I`m With You Bro...


http://i22.photobucket.com/albums/b3...t/chart322.jpg
  • #78,308
  • Jul 28, 2008 3:02pm Jul 28, 2008 3:02pm
Warta - I was totally joking with my comment...glad you took it as such

I apologize if I insulted anyone on here - just trying to make a joke since the pair has been ridiculously boring today.

I honestly do believe given the news coming out of the UK in the next 24-48 hrs the pair will trade sharply lower though...not a technical call purely fundamental.
  • #78,309
  • Jul 28, 2008 3:07pm Jul 28, 2008 3:07pm
Quoting Pennypacker
Warta - I was totally joking with my comment...glad you took it as such

I apologize if I insulted anyone on here - just trying to make a joke since the pair has been ridiculously boring today.

I honestly do believe given the news coming out of the UK in the next 24-48 hrs the pair will trade sharply lower though...not a technical call purely fundamental.

its ok bro i told u we r here as brothers and sometimes we need a nice joke to go out of stress u r welcome bro anytime and u can joke with me anytime i have no problem if it can let u feel good and relax

so dont worry bro and nice to meet u here
  • #78,310
  • Jul 28, 2008 3:08pm Jul 28, 2008 3:08pm
Quoting apies84
I`m With You Bro...


http://i22.photobucket.com/albums/b3...t/chart322.jpg

good job bro
  • #78,311
  • Jul 28, 2008 3:08pm Jul 28, 2008 3:08pm
Quoting Pennypacker
Warta - I was totally joking with my comment...glad you took it as such

I apologize if I insulted anyone on here - just trying to make a joke since the pair has been ridiculously boring today.

I honestly do believe given the news coming out of the UK in the next 24-48 hrs the pair will trade sharply lower though...not a technical call purely fundamental.

Hey I wasnt upset either if you thought that from my comment. I thought the fact that being crapped on is some people's fetish (yuck) lol ... ever seen 2 girls 1 cup.

If not ... DON'T !!! but do a google search and it will make you puke just as the cable has today.


lol
  • #78,312
  • Jul 28, 2008 3:12pm Jul 28, 2008 3:12pm
Quoting warta
its ok bro i told u we r here as brothers and sometimes we need a nice joke to go out of stress u r welcome bro anytime and u can joke with me anytime i have no problem if it can let u feel good and relax

so dont worry bro and nice to meet u here
that nice to hear u say .....i mean if we start getting offended by comments on forum ...imagine what it can do to the decision making process in trades ...we might die....lol

being offended means emotion = bad trades .
  • #78,313
  • Jul 28, 2008 3:14pm Jul 28, 2008 3:14pm
Quoting nAVIN2007
that nice to hear u say .....i mean if we start getting offended by comments on forum ...imagine what it can do to the decision making process in trades ...we might die....lol

being offended means emotion = bad trades .
hahaha yep u r right man , we have to remember always that we r one family here hope Twee can understand this point and let Moe back to us
  • #78,314
  • Jul 28, 2008 3:17pm Jul 28, 2008 3:17pm
Is it true normally when g/u move up, u/j will move down?
Someone told me that... Then I look at previous chart movement, seems like its true...but some time not... anyone can give me explanation for this...?
  • #78,315
  • Edited 4:08pm Jul 28, 2008 3:20pm | Edited 4:08pm
Quoting warta
hahaha yep u r right man , we have to remember always that we r one family here hope Twee can understand this point and let Moe back to us
seriously u need to move on from Moe! remember cut ur losses!!
Trading is 80% Emotional, 20% Technical
  • #78,316
  • Jul 28, 2008 3:21pm Jul 28, 2008 3:21pm
Lot of brothers on here - you aren't all from one of those hill-billy towns in West Virginia are you ? Perhaps you have a big bedroom and share one computer ?

Anyway all you shorters are getting your reward but you need to let it run 24 hours for the real reward ...

that's the problem with forex
  • #78,317
  • Jul 28, 2008 3:33pm Jul 28, 2008 3:33pm
We have se a bulllish intraday for today...though keep in mind no targets got hit yesterday so we might be up for another reversal....though price would have to show me this first...keep in mind we had a nice bounce last night on the retracement pivot and we also have a swing 61.8 fibb as support from the 4 hour swing...remeber though let price show what way is right dont force it into what you think is right...

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And last take a look at this article from Bloomberg.com

Dollar Falls as Financial Losses Pare Bets on Fed Rate Increase

http://www.bloomberg.com/apps/news?p...refer=currency
  • #78,318
  • Jul 28, 2008 3:58pm Jul 28, 2008 3:58pm
Quoting apies84
Is it true normally when g/u move up, u/j will move down?
Someone told me that... Then I look at previous chart movement, seems like its true...but some time not... anyone can give me explanation for this...?

IF GU moves up and UJ moves down, this is because USD is weak.

IF GU moves down and UJ moves down, this is because of risk aversion. Happens when carry trades unwound or market is jittery over bad economies.

IF GU moves up and UJ moves up, this is because of risk aggressive. Happens when carry rewinds or market is optimistic.

IF GU moves down and UJ moves up, this is because USD is strong.

But other than that, GU and UJ moves anywhere. Happens to screw us over.
  • #78,319
  • Edited 4:49pm Jul 28, 2008 3:59pm | Edited 4:49pm
My wavecount is still valid

This is ABC correction pattern if someone would have a doubts
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  • #78,320
  • Jul 28, 2008 4:12pm Jul 28, 2008 4:12pm
Quoting allserene

Uk house prices are still sky high but there is no turnover - exactly the same as reasonable areas in the US...they are just stuck. A crumbling little old semi detached size of a rabbit hutch is still £275k 10 miles out of Leeds - look on rightmove. Incredible.
in Harrogate we're practically immune the demand is so strong.
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