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Cable Update (GBPUSD)

  • #81,541
  • Aug 11, 2008 2:59pm Aug 11, 2008 2:59pm
Quoting scyang
There seems no stopping USD bull. It stops at nothing. No support line is any issue to it. Where is cable going next?
did u exit yur long yet?
  • #81,542
  • Aug 11, 2008 3:00pm Aug 11, 2008 3:00pm
oil up a dollar, thats why gbr is bullish...hmmm for how long?
  • #81,543
  • Aug 11, 2008 3:02pm Aug 11, 2008 3:02pm
Quoting achnaide
oil up a dollar, thats why gbr is bullish...hmmm for how long?
actually oil is like frozen in time it hasnt moved in 30 minutes at least...how wierd is that!
  • #81,544
  • Aug 11, 2008 3:04pm Aug 11, 2008 3:04pm
Quoting nAVIN2007
actually oil is like frozen in time it hasnt moved in 30 minutes at least...how wierd is that!

look gbr dropping... oil is still stable, i guees its a dollar pulling it down ...hmmm
  • #81,545
  • Aug 11, 2008 3:04pm Aug 11, 2008 3:04pm
Quoting Bones
Hi Jamie all you need to do is fill in the form to get a demo .


http://www.odlsecurities.com/uk/meta...&cid=bid000359

Thanks Tone!!!!!!!............
  • #81,546
  • Aug 11, 2008 3:07pm Aug 11, 2008 3:07pm
The thing with oil which I only just realized yesterday is there is a BEOB off the high on the monthly.
Im thinking all cable moves up should be considered a retrace
Attached Image (click to enlarge)
Click to Enlarge Name: pil monthly.gif Size: 15 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #81,547
  • Aug 11, 2008 3:11pm Aug 11, 2008 3:11pm
Quoting Bones
The thing with oil which I only just realized yesterday is there is a BEOB off the high on the monthly.
Im thinking all cable moves up should be considered a retrace
welldone for spotting that..its a great thing to have as a leading indicator..certainly would have helping knowing that at start of month.
  • #81,548
  • Aug 11, 2008 3:13pm Aug 11, 2008 3:13pm
I am currently long though off the retest of the falling TL as pictured for the test of the old range bottom.
Ill try to get to BE before tommorrow morning.
Attached Image (click to enlarge)
Click to Enlarge Name: cable 30 min 11-08.gif Size: 34 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #81,549
  • Aug 11, 2008 3:14pm Aug 11, 2008 3:14pm
Quoting Bones
The thing with oil which I only just realized yesterday is there is a BEOB off the high on the monthly.
Im thinking all cable moves up should be considered a retrace

Oh damn, thats good to know!!
  • #81,550
  • Aug 11, 2008 3:14pm Aug 11, 2008 3:14pm
Navin are you ok, I just got back to my computer and I just saw the lowest cable went to 1.9066 in FXCM and I think in Forex I didn't check but I am sure it is areound that area.....

Did you have SL below than 1.9050 or not................
  • #81,551
  • Aug 11, 2008 3:15pm Aug 11, 2008 3:15pm
I wish I had noticed it Nav August the first was the real start of the fall.

Quoting nAVIN2007
welldone for spotting that..its a great thing to have as a leading indicator..certainly would have helping knowing that at start of month.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #81,552
  • Aug 11, 2008 3:17pm Aug 11, 2008 3:17pm
Quoting asyed4
Navin are you ok, I just got back to my computer and I just saw the lowest cable went to 1.9066 in FXCM and I think in Forex I didn't check but I am sure it is areound that area.....

Did you have SL below than 1.9050 or not................
i exited bro the minute the low of yesterday was taken out..tomorrow im going back to work and make my money back......its easier LOL

I lost £503 but i learned a hell of a lot for that loss of money...its funny how that works huh?
  • #81,553
  • Aug 11, 2008 3:20pm Aug 11, 2008 3:20pm
Quoting Bones
I wish I had noticed it Nav August the first was the real start of the fall.
actually id have never noticed if u didnt notice so its all thanks to u again pal...i certainly would have changed outlook to direction having this knowledge at begining of month..

welldone for finding a reasoning behind this massive fall possibly
  • #81,554
  • Edited 3:35pm Aug 11, 2008 3:25pm | Edited 3:35pm
Really I'm sorry to here you took a loss Nav ,I hope it will make you stronger and not put you off.
I'm thinking the Inflation news tomorrow will be worse than expected any good news we just had will not filter though yet on the year.


Quoting nAVIN2007
i exited bro the minute the low of yesterday was taken out..tomorrow im going back to work and make my money back......its easier LOL

I lost £503 but i learned a hell of a lot for that loss of money...its funny how that works huh?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #81,555
  • Aug 11, 2008 3:28pm Aug 11, 2008 3:28pm
Quoting Bones
Really im sorry to here you took a loss Nav ,I hope it will make you stronger and not put you off.
Im thinking the Infation news tommorow will be worse than expected any good new we just had will not filter though yet on the year.
actually i feel happy..means i can go work not having this trade over my head and i can always make it back..£505 is a lot of money but in this game its all virtual till account blown...LOL

I just entered when the market went to loopy but then again im sure if i shorted at the top it be a different story..
  • #81,556
  • Aug 11, 2008 3:34pm Aug 11, 2008 3:34pm
Lol I know what you mean Nav Its the first time ive ever seen such a move ,and I was seriously outside my comfort zone.

Quoting nAVIN2007
actually i feel happy..means i can go work not having this trade over my head and i can always make it back..£505 is a lot of money but in this game its all virtual till account blown...LOL

I just entered when the market went to loopy but then again im sure if i shorted at the top it be a different story..
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #81,557
  • Aug 11, 2008 3:42pm Aug 11, 2008 3:42pm
interresting area

Attached Image (click to enlarge)
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  • #81,558
  • Aug 11, 2008 3:59pm Aug 11, 2008 3:59pm
tony have u noticed that oil actually isnt moving...it been like that for the past 1 hr...very strange
  • #81,559
  • Aug 11, 2008 4:01pm Aug 11, 2008 4:01pm
Quoting nAVIN2007
tony have u noticed that oil actually isnt moving...it been like that for the past 1 hr...very strange
Both buyers and sellers have been exhausted?
Expected the unexpected
  • #81,560
  • Aug 11, 2008 4:11pm Aug 11, 2008 4:11pm
Well I dont watch it that closely but I think markets closed
On ODL it says
Trading hours Mon - Fri 07:15 – 19:30 London time
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