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Cable Update (GBPUSD)

  • #78,701
  • Jul 29, 2008 6:20pm Jul 29, 2008 6:20pm
30-07-2008, i hope up
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  • #78,702
  • Jul 29, 2008 6:27pm Jul 29, 2008 6:27pm
what happened today should be an eye opener. I'm still a bull on this pair but not for much longer. US is fed up.
USD Est Non Mortuus
  • #78,703
  • Jul 29, 2008 7:03pm Jul 29, 2008 7:03pm
I have not posted much to the FF. And I don't know if this will be much use. I tried pulling up both a bar and line chart on the day, 4hr, and 1hr. It seemed to help visualize the patterns a little easier. The line doesn't show the extremes but seemed to work as a good filter for patterns and trend lines. Really helped on the triple top before we hit 200.27 and bounced down.
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  • #78,704
  • Jul 29, 2008 7:21pm Jul 29, 2008 7:21pm
I am sure everyone knows that the pound will be bought tommorrow?
  • #78,705
  • Jul 29, 2008 7:27pm Jul 29, 2008 7:27pm
Quoting monies
I am sure everyone knows that the pound will be bought tommorrow?
No, please do explain.
  • #78,706
  • Jul 29, 2008 7:32pm Jul 29, 2008 7:32pm
Quoting monies
I am sure everyone knows that the pound will be bought tommorrow?
Step right up, lets spin the wheel..
USD Est Non Mortuus
  • #78,707
  • Jul 29, 2008 7:39pm Jul 29, 2008 7:39pm
Quoting LuckyLurker
what happened today should be an eye opener. I'm still a bull on this pair but not for much longer. US is fed up.
Fed up and almost enough to vote for a black man
The bald guys vote against guys with lots of hair and women vote for women and black people vote for black people and the cubans vote for anti castros and the jesus freaks vote for anyone with a neat suit and that insane gleam in their eye. Transvestites don't vote if it's raining and it would ruin their wigs. A lot of variables and harder than forex so I am not betting on it

It will be a hoot if they elect that doddering old gimmer with his genocidal militaristic ambitions against Iran. Gas $300 a barrel, cable 2.60 and falling

It won't happen and I expect the US to be bouncing back powerfully in Q4 2009 but we are on a rocky road twixt now and then
  • #78,708
  • Jul 29, 2008 7:40pm Jul 29, 2008 7:40pm
Quoting allserene
Fed up and almost enough to vote for a black man
The bald guys vote against guys with lots of hair and women vote for women and black people vote for black people and the cubans vote for anti castros and the jesus freaks vote for anyone with a neat suit and that insane gleam in their eye. Transvestites don't vote if it's raining and it would ruin their wigs. A lot of variables and harder than forex so I am not betting on it

It will be a hoot if they elect that doddering old gimmer with his genocidal militaristic ambitions against Iran. Gas $300 a barrel, cable 2.60 and falling

It won't happen and I expect the US to be bouncing back powerfully in Q4 2009 but we are on a rocky road twixt now and then
Dude im voting for you!
USD Est Non Mortuus
  • #78,709
  • Jul 29, 2008 7:41pm Jul 29, 2008 7:41pm
Quoting allserene
Fed up and almost enough to vote for a black man
The bald guys vote against guys with lots of hair and women vote for women and black people vote for black people and the cubans vote for anti castros and the jesus freaks vote for anyone with a neat suit and that insane gleam in their eye. Transvestites don't vote if it's raining and it would ruin their wigs. A lot of variables and harder than forex so I am not betting on it

It will be a hoot if they elect that doddering old gimmer with his genocidal militaristic ambitions against Iran. Gas $300 a barrel, cable 2.60 and falling

It won't happen and I expect the US to be bouncing back powerfully in Q4 2009 but we are on a rocky road twixt now and then
This is the best analysis I've ever heard, esp about voting
  • #78,710
  • Jul 29, 2008 8:23pm Jul 29, 2008 8:23pm
Quoting 5ysfx
This is the best analysis I've ever heard, esp about voting
Haha ! most Americans think I am anti American because I 'criticize the USA', but just the opposite - I would love to see America succeed at what it was set up to do and i hope it's ready to start moving in that direction again and I hope the dollar comes back and gas goes down and everyone is happier. I was rescued and cared for in Saudi by an American family when the Brits wouldn't help me so I owe the Americans a deep debt of gratitude

Anyway, I digress, we are trading forex right ? I am eagerly watching events for the next few days as I reckon we are at a crossroads on the charts...
  • #78,711
  • Jul 29, 2008 8:29pm Jul 29, 2008 8:29pm
screw america!!!. oh wait.
USD Est Non Mortuus
  • #78,712
  • Jul 29, 2008 10:52pm Jul 29, 2008 10:52pm
closed after 42pips and reverse at 14 -swing
next short is waitin at ema 100 15M chart
  • #78,713
  • Jul 29, 2008 11:35pm Jul 29, 2008 11:35pm
Ok.....

I don't feel like leaving my position overnight so I just closed my longs from 9795, 9772 and 9760 @ 9816... it may go a bit higher but whatever.....I'll take my few pips and run.....eh em...I mean sleep...
Patience + Discipline - Greed = Success
  • #78,714
  • Jul 30, 2008 12:07am Jul 30, 2008 12:07am
Quoting Infinity
Ok.....

I don't feel like leaving my position overnight so I just closed my longs from 9795, 9772 and 9760 @ 9816... it may go a bit higher but whatever.....I'll take my few pips and run.....eh em...I mean sleep...
Well done with those trades
  • #78,715
  • Jul 30, 2008 12:11am Jul 30, 2008 12:11am
Quoting DJ4x
Well done with those trades
DJ you keeping your longs or have you averaged them out? I am still long waiting for 1.985x
  • #78,716
  • Jul 30, 2008 12:36am Jul 30, 2008 12:36am
Quoting Runway Trade
DJ you keeping your longs or have you averaged them out? I am still long waiting for 1.985x
Closed one. Still holding the other. May need to keep for the rest of the week. Don't know.
  • #78,717
  • Jul 30, 2008 12:45am Jul 30, 2008 12:45am
Quoting DJ4x
Closed one. Still holding the other. May need to keep for the rest of the week. Don't know.
I am now in two minds. The channel looks long, but Bloomberg just reported that August should be bearish for EUR down to 1.53xx and 1.45xx by year end. GBP might follow?
  • #78,718
  • Jul 30, 2008 12:47am Jul 30, 2008 12:47am
Quoting Runway Trade
I am now in two minds. The channel looks long, but Bloomberg just reported that August should be bearish for EUR down to 1.53xx and 1.45xx by year end. GBP might follow?
I am not trying to discredit bloomberg. But check their past record. They have posted reports that said euro was going down for 1.43 several months ago. Instead euro made new highs. Take it with a grain of salt, not that I don't agree that euro will go down for the immediate future. But 1.45? I am not too sure about that. Depends on many factors.
Expected the unexpected
  • #78,719
  • Jul 30, 2008 12:48am Jul 30, 2008 12:48am
hallo everyone......

  • #78,720
  • Jul 30, 2008 12:53am Jul 30, 2008 12:53am
it wasn't a shitty day yesterday after all, i was red in pips -2 but in money i was +211$
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When life gives you lemons, make lemonade
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