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Cable Update (GBPUSD)

  • #81,721
  • Aug 12, 2008 6:46am Aug 12, 2008 6:46am
currently we have a double bottom on the 30min and 1hr and a doji at the bottom on 4hr, regular immediate bullish divergence in the oscillators extends 15min through to 4hr with extreme o/s on the daily chart oscillators...On the lower time frames 15min and below we have a higher low (HL) at the 8984 area, with 5min in a definate uptrend.

Retrace so far has been 100pips ish up from the 8966 bottom, against a max retrace/pullback in this trend down from 0157 area of circa 180pips
ex member
  • #81,722
  • Aug 12, 2008 6:59am Aug 12, 2008 6:59am
thanks bbmac for making it clear. may you be bless always......
  • #81,723
  • Aug 12, 2008 7:09am Aug 12, 2008 7:09am
Quoting Ya-Razzaq
At the moment GBPUSD very tricky! clueless!
Anyway im still short. I have no idea where cable will go from now. Hopefully will go down.
Interesting thread........fresh names are now dominating
with bearish views without plastering and messy the thread
up with urgly and irrelevant charts.

If you are in profit just cover your back , a fall below 9025 might send
it to:
1.8966 area, and then to 1.8890 before London opens tomorrow.

I know this might not be good news for long, but that is how things
are at the moment.
  • #81,724
  • Aug 12, 2008 7:30am Aug 12, 2008 7:30am
regular divergence to 5min with hidden divergence on 30min and arguably on 1hr at the last HL sees a further sell off from the HL...(yesterdays low area 9065)...remember though this last HL on 30min/1hr followed an equal Low (Eq L) at that 8966 area.

Last chance for intraday bullish situation is at this 9000/10 area
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ex member
  • #81,725
  • Aug 12, 2008 7:38am Aug 12, 2008 7:38am
Quoting fxbroker
Interesting thread........fresh names are now dominating
with bearish views without plastering and messy the thread
up with urgly and irrelevant charts.

If you are in profit just cover your back , a fall below 9025 might send
it to:
1.8966 area, and then to 1.8890 before London opens tomorrow.

I know this might not be good news for long, but that is how things
are at the moment.
fxbroker,
take 5kg stone and put on top of your monitor
hopefully cable will go to 8966
  • #81,726
  • Aug 12, 2008 7:47am Aug 12, 2008 7:47am
1min trending down, 5min still trending up so long as 9000/10 holds, 15min ranging, 30min-daily trending down at the moment.
ex member
  • #81,727
  • Aug 12, 2008 7:48am Aug 12, 2008 7:48am
Quoting Ya-Razzaq
fxbroker,
take 5kg stone and put on top of your monitor
hopefully cable will go to 8966
Aha who is this, I need more than that like 100kg today!!!!
I am not greedy, I have nabbed +30 but I really need pips
today.
  • #81,728
  • Aug 12, 2008 7:49am Aug 12, 2008 7:49am
Quoting Carrera
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

Thats BEAUTIFUL Carrera, thanks alot for your efforts, its greatly appreciated!!!

  • #81,729
  • Aug 12, 2008 7:52am Aug 12, 2008 7:52am
Quoting fxbroker
Aha who is this, I need more than that like 100kg today!!!!
I am not greedy, I have nabbed +30 but I really need pips
today.

Haha.. i guess you know who i am
  • #81,730
  • Aug 12, 2008 8:00am Aug 12, 2008 8:00am
Quoting Ya-Razzaq
Haha.. i guess you know who i am
Yes I think so only few people can make the call you made!!!!!
without heavy stones on top of their PCs

Cheers brother
  • #81,731
  • Aug 12, 2008 8:17am Aug 12, 2008 8:17am
so guys... it droped like a stone you been talking
  • #81,732
  • Aug 12, 2008 8:18am Aug 12, 2008 8:18am
Quoting AmeriTrini
Thats BEAUTIFUL Carrera, thanks alot for your efforts, its greatly appreciated!!!

You welcome my friend. I might stop by and said hi some day in your town.
  • #81,733
  • Aug 12, 2008 8:18am Aug 12, 2008 8:18am
sell sterling vs sterling it seems this thing is very bearish, trend is ur friend and all that! glad to see cable out its crappy range, very good opps in markets at mo

may pips be with u!
Trading is 80% Emotional, 20% Technical
  • #81,734
  • Aug 12, 2008 8:19am Aug 12, 2008 8:19am
Now Where Up Or Down ?

I think Up Correct?
  • #81,735
  • Aug 12, 2008 8:23am Aug 12, 2008 8:23am
Quoting Optimum
Now Where Up Or Down ?

I think Up Correct?
thought it was quite obvious where we going?! go with the flow
Trading is 80% Emotional, 20% Technical
  • #81,736
  • Aug 12, 2008 8:23am Aug 12, 2008 8:23am
Quoting AmeriTrini
Thats BEAUTIFUL Carrera, thanks alot for your efforts, its greatly appreciated!!!

That's so gentlemanly, the two of you. Very nice. Sets a good tone for the thread.
Expected the unexpected
  • #81,737
  • Aug 12, 2008 8:36am Aug 12, 2008 8:36am
Quoting Carrera
You welcome my friend. I might stop by and said hi some day in your town.
no problem!! I will be your personal tour guide, just tell me when you are expected to be here and I will pick you up from the airport myself!!!

  • #81,738
  • Aug 12, 2008 8:40am Aug 12, 2008 8:40am
Quoting scyang
That's so gentlemanly, the two of you. Very nice. Sets a good tone for the thread.
yes welcomed

after the prior nastyness on the thread
Trading is 80% Emotional, 20% Technical
  • #81,739
  • Aug 12, 2008 8:43am Aug 12, 2008 8:43am
All the pundits were predicting 1.82 or 1.74 for cable by year end - months ago


Seems it held up very well and now its on its way there

I will not be alone in having bet that it would not be a straight line and that there would be some bounces between 1.99 and 1.72 and therefore I will not be alone in nursing some losses from this bounceless slide

I suppose this is the 'point of capitulation' where the longs get out and then the market buys those positions and the bounce occurs

I will hang on a bit longer with my much reduced position for this to happen -but if it does slide from 1.99 to 1.82 without a ripple, it will be one for the record books
  • #81,740
  • Aug 12, 2008 8:44am Aug 12, 2008 8:44am
Quoting AmeriTrini
no problem!! I will be your personal tour guide, just tell me when you are expected to be here and I will pick you up from the airport myself!!!

I might need my sunglasses
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