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Cable Update (GBPUSD)

  • #81,661
  • Aug 12, 2008 4:21am Aug 12, 2008 4:21am
Quoting micho
lol ma fi rab bil forex!! hahaha
there is no god in forex, there is micho

loooooool
l3ama sho khalis

  • #81,662
  • Aug 12, 2008 4:23am Aug 12, 2008 4:23am
Quoting boxingislife
dont mean harm man. im only kidding. nevr take it personally

but its upsetting to see alot of people going against the trend when it was so obvious

start lookin for shorts
i should change my nick to frend follower ..i never take things personally and know if u say something it because u sharing knowledge and this is always good to see..

good pips to u bro
  • #81,663
  • Aug 12, 2008 4:24am Aug 12, 2008 4:24am
Quoting boxingislife
l3ama sho khalis

khalis la alla alla wakilak
When life gives you lemons, make lemonade
  • #81,664
  • Aug 12, 2008 4:26am Aug 12, 2008 4:26am
Quoting de123
the trend isnt down any more...the trend is clearly --> ranging
What will happen after ranging? Is this a short break before further plunge?
Expected the unexpected
  • #81,665
  • Aug 12, 2008 4:26am Aug 12, 2008 4:26am
Quoting micho
khalis la alla alla wakilak
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #81,666
  • Aug 12, 2008 4:29am Aug 12, 2008 4:29am
Quoting AmeriTrini
Cable just broke last yrs low, I closed my long for -650 pips. I learned my lesson, however I live to trade another day!!!!.
Ameri, sorry for your lost. I know we had some arguements in the past, but that's there in the past. I respect you more than ever for your sicerety and dedication for this forum.

You took a brave decision when said "that's it". Now get some rest of trading this market. Sometimes FX takes a lot of energy from us. We all know that you will get back those pips sooner or later and we will witness that here.

Here is some art work for you.

your friend Carrera
Attached Image
  • #81,667
  • Aug 12, 2008 4:29am Aug 12, 2008 4:29am
Quoting oscarfrx
Long at 9005 sl 8950 and tl 9050.
dont look at small time frames bro..im sure u entered cause of 15 minute chart saying its undersoled and bullish engulfing pattern...

1 hr chart say the opposite bearish engulfing and 4 hr is bearish like crazy.....so id say u need to be carefull....technical analysis aint working on this pair..i saw that yesterday..
  • #81,668
  • Aug 12, 2008 4:29am Aug 12, 2008 4:29am
Quoting de123
the trend isnt down any more...the trend is clearly --> ranging
lol @ u for thinkin like that
  • #81,669
  • Aug 12, 2008 4:31am Aug 12, 2008 4:31am
There is no question in terms of classic peak/trough price action analysis that trend on the 30min + t/f is clearly down, the smaller time frames the trend being down again too after the post data sell off from 9080/85 area, achieving an equal low at 8966 area though....

As for trading against the trend, trends retrace, so taking an against trend trade at areas af clearly identified potential support/resistance with such technical techniques as oscillator divergence/extremes and band/channel deviation is high probability as the 2nd attempt on 8966 showed todat with oscillator extremes to 5mina nd bullish divergence to 4hr.

Of course care should be excercised re target and stops if trading against the trend.
ex member
  • #81,670
  • Aug 12, 2008 4:34am Aug 12, 2008 4:34am
Quoting de123
the trend isnt down any more...the trend is clearly --> ranging
open your eyessssss
look out to the skies and seeeeeeeeee

im just a poor boy.........

easy come easy go

lol

trend is down ok down down down down down
When life gives you lemons, make lemonade
  • #81,671
  • Aug 12, 2008 4:34am Aug 12, 2008 4:34am
Quoting micho
the trend is down and its a strong one... why do you want to go against it???
Well I though there will be a retracement to 9050 camarilla pivot but now I am out -25 pips. Difficult to trade like this.
  • #81,672
  • Aug 12, 2008 4:35am Aug 12, 2008 4:35am
i forgot to add one thing

next target 1.8875 if 1.9150 holds

downnnnnnnnnnnnnnn
When life gives you lemons, make lemonade
  • #81,673
  • Aug 12, 2008 4:38am Aug 12, 2008 4:38am
Quoting oscarfrx
Well I though there will be a retracement to 9050 camarilla pivot but now I am out -25 pips. Difficult to trade like this.
forget camarilla bla bla bla
the beast is moving
When life gives you lemons, make lemonade
  • #81,674
  • Aug 12, 2008 4:41am Aug 12, 2008 4:41am
Quoting micho
open your eyessssss
look out to the skies and seeeeeeeeee

im just a poor boy.........

easy come easy go

lol

trend is down ok down down down down down
I don't know about you Micho, but I'm tired of saying Down. If people want to go long let them. The money we make selling has to come from someone that wants to buy.
Don't Get Bitter, Get Better
  • #81,675
  • Aug 12, 2008 4:44am Aug 12, 2008 4:44am
Quoting nAVIN2007
dont look at small time frames bro..im sure u entered cause of 15 minute chart saying its undersoled and bullish engulfing pattern...

1 hr chart say the opposite bearish engulfing and 4 hr is bearish like crazy.....so id say u need to be carefull....technical analysis aint working on this pair..i saw that yesterday..
Thank ou Nav i appresiate your help.
  • #81,676
  • Aug 12, 2008 5:04am Aug 12, 2008 5:04am
yup looks like were staying this way til US trade balance
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #81,677
  • Aug 12, 2008 5:09am Aug 12, 2008 5:09am
Dear Fellas,

8:30pm USD http://forexfactory.com/images/misc/...mpact_high.gif Trade Balance
http://forexfactory.com/images/misc/...etail_star.gif
-61.8B -59.8B

According to the news foracast that trade balance will be -61.8B and previous is -58.8B.

What will happen if the news come out later below -59.8B?
What will happen if the news come out later above -59.8B?

Can someone answer me please.
Thnks in advance.
  • #81,678
  • Aug 12, 2008 5:12am Aug 12, 2008 5:12am
'Morning Gang...
Or, 'Afternoon lunch time 'guess...

Navin & Carrera,
That bleeding cable i thought had had enough. I want dibs,
in the sequel Carrera! Great call on Selah's "Short" @the highest
point possible. It looked like the entire planet "Shorted" @Cable's height.

Some Figures i see... from 'charts:
A ballpark 40/50% "Retrace" of today's move already happened,
@1.9024 "Ish", that is IF today's bottom's inked.
(She just couldn't turn the 1/4's!).

However... For 12hr's of time...
I'm seeing some convergence that would possibly take us
back up above water to 1.9069 "Ish" for 35% of 12hr's time.
Again- IF today's bottom, IS the bottom for 12hr's time.
And MAYBE, just MAYBE that daily candle will burn Navin,
w/Some LOUSY U.S. Trade balance?
Good luck on this bloody cable,

Jeff !
I will work to Objectively Identify my Edges
  • #81,679
  • Aug 12, 2008 5:14am Aug 12, 2008 5:14am
Quoting warta
nice to see u between ur friend and welcome back to the thread
well i think we will go back to zerro waiting the us news aswell , i cant see any big move bofore the U.S news
well its good for stoch scalping with no direction , 10 pips from here 10 from there not so bad good luck in ur trade and wish u load of green
Good luck to you all!
{Promotion Removed}
  • #81,680
  • Aug 12, 2008 5:15am Aug 12, 2008 5:15am
Quoting Ya-Razzaq
Dear Fellas,

8:30pm USD http://forexfactory.com/images/misc/...mpact_high.gif Trade Balance
http://forexfactory.com/images/misc/...etail_star.gif
-61.8B -59.8B

According to the news foracast that trade balance will be -61.8B and previous is -58.8B.

What will happen if the news come out later below -59.8B?
What will happen if the news come out later above -59.8B?

Can someone answer me please.
Thnks in advance.
if news for USA comes better than expected i think cable will have round 2 of lows
if not we might be going higher a bit
"what doesn't bankrupt me, makes me stronger" modern nietzche
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