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Cable Update (GBPUSD)

  • #81,481
  • Aug 11, 2008 12:38pm Aug 11, 2008 12:38pm
Quoting bkg102665
This is the craziest $hit I have ever seen, no news and no bottom!!
as i said our support need support
damn what the hell going on
i think micho is right we will go to zerro soon
  • #81,482
  • Aug 11, 2008 12:39pm Aug 11, 2008 12:39pm
Quoting nAVIN2007
this trade is almost enought to have me consider giving up!.....it makes no sense, to just keep breaking supports like this..even confirmation mean nothing in this market....

what the hell is going on....
Like I said earlier,

"The way I see it, until we get a H1 close above 1.9270, Long is out. Maybe some scalping at best. But we are still going down, maybe to the 1.9080 range." :nerd:
Don't Get Bitter, Get Better
  • #81,483
  • Aug 11, 2008 12:39pm Aug 11, 2008 12:39pm
there is a big mother f**** selling everyday at the same f***** time
When life gives you lemons, make lemonade
  • #81,484
  • Aug 11, 2008 12:40pm Aug 11, 2008 12:40pm
Quoting allserene
The realization that there is 'no sense' and that charts sometimes don't work, is the mental breakthrough that allows us to avoid big losses and work the averages to get gains but only when an apparent stability is under way......

I like fundies as it's a soap opera to me, but there really is no sense and I reckon we can only really make money with a nice steady trend and a long term position which is well within our account balance

Today is not that, so we we have to run naked through the cactus or stay out which is what we should do (but can't)
well i exit this position because it just stupid i had confirmation that it bounced of the support yet its only sinking..loss £505 now my account is the lowest its ever been ....totally cheesed off but at least i have a account and now im using SL to stop these sort of losses

i might just trade demo .....till i win all the time...im pissed

i mean take this pin for example right at resistance yet it breaks ....when candle formation dont work theres no hope for me...
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  • #81,485
  • Aug 11, 2008 12:40pm Aug 11, 2008 12:40pm
Quoting bkg102665
This is the craziest $hit I have ever seen, no news and no bottom!!
It's not about charting, it's about Central Banks
  • #81,486
  • Aug 11, 2008 12:43pm Aug 11, 2008 12:43pm
Attached Image
When life gives you lemons, make lemonade
  • #81,487
  • Aug 11, 2008 12:43pm Aug 11, 2008 12:43pm
Quoting JgrB
It's not about charting, it's about Central Banks
absolutely!!!!!!!!

i blew £505 and 3k and ccounting on a demo....and i thought i was getting better...
  • #81,488
  • Aug 11, 2008 12:46pm Aug 11, 2008 12:46pm
Basically everyone is scared of Russia pulling the plug on oil and gas to Europe for this winter - they won't - Russia will have it's little piece of Georgia and Europe/US will back off and euro/gbp will rebound

no time soon though
  • #81,489
  • Aug 11, 2008 12:47pm Aug 11, 2008 12:47pm
its always about charting, the trend is down and these were the next targets but what is making me nuts is the damn timing. this is supposed to happen tomorrow, not today everyday at the same damn time
When life gives you lemons, make lemonade
  • #81,490
  • Aug 11, 2008 12:49pm Aug 11, 2008 12:49pm
hard to believe but we will see the 1.87 level this week
  • #81,491
  • Aug 11, 2008 12:49pm Aug 11, 2008 12:49pm
Quoting nAVIN2007
absolutely!!!!!!!!

i blew £505 and 3k and ccounting on a demo....and i thought i was getting better...
its okay, demo is fine
just follow the big trend, stop playing against it
When life gives you lemons, make lemonade
  • #81,492
  • Aug 11, 2008 12:54pm Aug 11, 2008 12:54pm
1.8620 could we see
  • #81,493
  • Aug 11, 2008 12:56pm Aug 11, 2008 12:56pm
Quoting micho
its okay, demo is fine
just follow the big trend, stop playing against it
I think you should start making our friend Nav some of your famous lemonade.
Don't Get Bitter, Get Better
  • #81,494
  • Aug 11, 2008 12:59pm Aug 11, 2008 12:59pm
Quoting deboooo2005
1.8620 could we see
maybe but we have to wait to see if the trend will continue until there or consolidate and start up trend
thats the logical thing we all agree about i think
When life gives you lemons, make lemonade
  • #81,495
  • Aug 11, 2008 1:00pm Aug 11, 2008 1:00pm
Quoting micho
its okay, demo is fine
just follow the big trend, stop playing against it

yeah i know ....actually i think i traded really well just this market is loopy...i mean i understand its going down but to keep breaking support on the way down is stupid!....now if i short it will go up and every1 will say "u idiot - we are retracing now ...." cannot win im out and watching till this shit start making sense again...

good luck every1 how is long ..u will need it....

and u see i exit and now it goes up......WTF
  • #81,496
  • Aug 11, 2008 1:00pm Aug 11, 2008 1:00pm
Quoting JgrB
It's not about charting, it's about Central Banks
and the oil speculators, they have been closing their longs and reversing their positions, they will drive oil down to $60-80 without any problem and helped greatly by the weakening euro. the penny has now dropped that euro was way way overvalued, most of europe is in or heading into recession contrary to all the protestations by ecb who have never missed the opportunity to talk the euro up. that won't work anymore, the facts now speak for themselves in the official figures, many euro countries are already in contravention of euro rules and it isn't unlikely that there may be some exits from it, the PIGS countries are most vulnerable.
Too many reasons for euro and oil to weaken as opposed to reasons for $$ strenghthening but the direction and momentum is now clear. cable has to follow suit to some degree, it remains to be seen whether it will fare as bad as euro. times like this S&R and TL's are meaningless and shouldn't be relied upon.
  • #81,497
  • Aug 11, 2008 1:01pm Aug 11, 2008 1:01pm
GBP is falling like a lead weight. still got house prices to come yet!! does someone out there already know they are bad.!!
  • #81,498
  • Aug 11, 2008 1:05pm Aug 11, 2008 1:05pm
Quoting strada
and the oil speculators, they have been closing their longs and reversing their positions, they will drive oil down to $60-80 without any problem and helped greatly by the weakening euro. the penny has now dropped that euro was way way overvalued, most of europe is in or heading into recession contrary to all the protestations by ecb who have never missed the opportunity to talk the euro up. that won't work anymore, the facts now speak for themselves in the official figures, many euro countries are already in contravention of euro rules and it isn't unlikely that there may be some exits from it, the PIGS countries are most vulnerable.
Too many reasons for euro and oil to weaken as opposed to reasons for $$ strenghthening but the direction and momentum is now clear. cable has to follow suit to some degree, it remains to be seen whether it will fare as bad as euro. times like this S&R and TL's are meaningless and shouldn't be relied upon.

Absolutely right. BTW have seen my signature?
  • #81,499
  • Aug 11, 2008 1:06pm Aug 11, 2008 1:06pm
Quoting Gubster
GBP is falling like a lead weight. still got house prices to come yet!! does someone out there already know they are bad.!!
Yes im sure it will be bad..
  • #81,500
  • Aug 11, 2008 1:12pm Aug 11, 2008 1:12pm
Quoting nAVIN2007
yeah i know ....actually i think i traded really well just this market is loopy...i mean i understand its going down but to keep breaking support on the way down is stupid!....now if i short it will go up and every1 will say "u idiot - we are retracing now ...." cannot win im out and watching till this shit start making sense again...

good luck every1 how is long ..u will need it....

and u see i exit and now it goes up......WTF
well, maybe you are shorting before the retracement!!!
When life gives you lemons, make lemonade
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