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Cable Update (GBPUSD)

  • #80,261
  • Aug 6, 2008 8:34am Aug 6, 2008 8:34am
I hate RED
  • #80,262
  • Aug 6, 2008 8:35am Aug 6, 2008 8:35am
well monthly support is 9340
Trade at Your Own Risk.
  • #80,263
  • Aug 6, 2008 8:39am Aug 6, 2008 8:39am
Quoting Carrera
Lost their accounts more than 3 or 4 times.
You might be right. Hopefully they will learn from all the simple mistakes and not give up trading all together. When I think of how much I spent on college (80K+) and how much its made me personally (no where near the cost) I can go on forever trading with the small losses because the knowledge I have gained will bring it all back X 1,000,000. God I love the Forex. Theres nothing like a leveraged asset. YEAAAAHHHHHH BOOOOYYYY
Don't Get Bitter, Get Better
  • #80,264
  • Aug 6, 2008 8:41am Aug 6, 2008 8:41am
Quoting DJ4x
I hate RED
what entries do u have bru?
  • #80,265
  • Aug 6, 2008 8:46am Aug 6, 2008 8:46am
Quoting nAVIN2007
what entries do u have bru?
1.9756
1.9674
1.9601
Nearing 10% drawdown. Feeling slightly (understatement) stressed right now.
Probably going to have to cut first entry somewhere. Not sure when retracement will take place (if it will )
Will probably enter long again though near 1.9450
  • #80,266
  • Aug 6, 2008 8:46am Aug 6, 2008 8:46am
Quoting DJ4x
I hate RED
sorry bro
When life gives you lemons, make lemonade
  • #80,267
  • Aug 6, 2008 8:48am Aug 6, 2008 8:48am
i just make the small scalps up but its too risky so beware people
When life gives you lemons, make lemonade
  • #80,268
  • Aug 6, 2008 8:50am Aug 6, 2008 8:50am
Quoting micho
sorry bro
I'll live... thanx
  • #80,269
  • Aug 6, 2008 8:50am Aug 6, 2008 8:50am
How's everyone doing? it took a plunge..
  • #80,270
  • Aug 6, 2008 8:53am Aug 6, 2008 8:53am
Man that daily chart looks scary. There hasn't been a down move like this since this time last year. August 07 650 short pips in seven days. If its doing the same thing we have three more days and/or 200+ short pips to go
Don't Get Bitter, Get Better
  • #80,271
  • Aug 6, 2008 8:54am Aug 6, 2008 8:54am
doing short next support may be 1.9477 or 1.9408, any wrong with me ?
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #80,272
  • Aug 6, 2008 8:54am Aug 6, 2008 8:54am
Quoting NuB
400+ continuous short pips. What is it going to take to get people to follow the trend?
No sh*t! I have been spouting off here saying stop looking at the charts and simply read the stuff coming out of the UK for the last 2 weeks.
The UK = horrible. The US = not so horrible despite what the media want's you believe. Therefore short the GU...very simple concept.

But when I say this I had a gentleman on this board questioning my lack of a PhD in economics to give any advice on how horrible the TBD data from the BoE was going to be?!?!?

Technicals are great but you cannot only pay attention to them.
  • #80,273
  • Aug 6, 2008 8:55am Aug 6, 2008 8:55am
hey how are you guys? added to my long @ 1.9502. come push this baby up!
  • #80,274
  • Aug 6, 2008 8:55am Aug 6, 2008 8:55am
Quoting DJ4x
1.9756
1.9674
1.9601
Nearing 10% drawdown. Feeling slightly (understatement) stressed right now.
Probably going to have to cut first entry somewhere. Not sure when retracement will take place (if it will )
Will probably enter long again though near 1.9450
1.9450 i have a buy there also ..got to get through today tomorrow is up day...i think then i think u got 1.98 possibility..

dollar index going to hit resistance pretty soon..
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  • #80,275
  • Aug 6, 2008 8:56am Aug 6, 2008 8:56am
Quoting fontu
doing short next support may be 1.9477 or 1.9408, any wrong with me ?
fontu

do you mean LONG?
  • #80,276
  • Aug 6, 2008 8:57am Aug 6, 2008 8:57am
you'll see from the top chart below that this is a former swing hi area that has offered support on the weekly, and of course we now have a 1st test test of this daily ascending trend line on the daily, shown on chart below that. May get a bounce in this area for a retrace at least,... to help those longs??

Intraday though that 9520/25 area acted as suppoert on the hrly x5, so may prove an upside sbr/res obstacle.
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ex member
  • #80,277
  • Aug 6, 2008 8:57am Aug 6, 2008 8:57am
I don't understand whyyyyyyy!!!!!!
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  • #80,278
  • Aug 6, 2008 8:59am Aug 6, 2008 8:59am
we are going down hard

stop your longs people
When life gives you lemons, make lemonade
  • #80,279
  • Aug 6, 2008 8:59am Aug 6, 2008 8:59am
Quoting Carrera
I don't understand whyyyyyyy!!!!!!

I thought you were long my friend?
  • #80,280
  • Aug 6, 2008 9:00am Aug 6, 2008 9:00am
the only support i see is 1.94 in the bottom of the new down channel
When life gives you lemons, make lemonade
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