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Cable Update (GBPUSD)

  • #81,941
  • Aug 13, 2008 5:44am Aug 13, 2008 5:44am
Quoting de123
would be happy if we make only one more leg down to 1.8666 better none, ..and then bounce to 1.977...long time no shit like this happened here...LONG cable LONG?!...
Maybe, but I expect it bounce real soon, within 50-100 pips
  • #81,942
  • Aug 13, 2008 5:44am Aug 13, 2008 5:44am
Quoting fx local
Hey guys, hows it going,

share chart and some insight with u,

Daily Cable chart shows descending triangle, series of glinding highs, it seems to have broken down point C baseline crucial support.

This 19400 handle taken out is quite significant. As seen congestion was at 19800 area, convergence of 500/200 MA concurs with sharp sell off.

Overall the outlook looks very bearish from both a technical and one could argue from a fundamental view.

Mon/Tues may provide "dead cat bounce" with UK inflation data, any rallies seen as selling opportunities for a move lower to eventual target of 17642 closer to year end?!

trade at your own risk and learn to be disloyal to a losing trade/idea!
The key is buying when the market is strong, buying on a retracement is psychologically seductive because we feel that we are getting a bargain vs. the price we saw! Pick trades on risk reward not on tops and bottoms. (again all easier said than done!)

sound money mangement and strong decision making discipline are more crucial to success than having good analysis.

anyway good luck to all

happy trading

Gurps
could it be that it will reach my target by end of this month!!

not even a dead cat bounce in this market, very strong trend, DO NOT TRY AND FIGHT IT
Trading is 80% Emotional, 20% Technical
  • #81,943
  • Aug 13, 2008 5:46am Aug 13, 2008 5:46am
Quoting NuB
Its actualy in line with your signiture. "What doest bankrupt you makes you stronger" and even backruptcy is not the end. Just ask the Donald, Trump that is.
yeah it is

im calling donald now :rofl
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #81,944
  • Aug 13, 2008 5:48am Aug 13, 2008 5:48am
Quoting de123
Ļit can fly...
hope you caught kiwi's bottom
  • #81,945
  • Aug 13, 2008 5:49am Aug 13, 2008 5:49am
Quoting Alastair
Guys, this thread used to be so interesting to read but it has become annoying of late, always people bitching and moaning at each other????
I never voice my opinion anymore, too scared somrbody gives me shit about it!! Lets just discuss whats happening in the market???
I agree about the b!tching and moaning, but please don't let others silence you with their ignorance. I believe this is a place were we can all voice our opinions on what we see (feel) is going on in the market. If not here then were?
Don't Get Bitter, Get Better
  • #81,946
  • Aug 13, 2008 5:51am Aug 13, 2008 5:51am
I hope no shorts think they can break the monthly TL, cause that where we are, 300 pips up in next 2-3 hours, my prediction.
  • #81,947
  • Aug 13, 2008 5:52am Aug 13, 2008 5:52am
Quoting Alastair
Guys, this thread used to be so interesting to read but it has become annoying of late, always people bitching and moaning at each other????
I never voice my opinion anymore, too scared somrbody gives me shit about it!! Lets just discuss whats happening in the market???
ur opinion sucks
damn straight im gonna give u shit
lol im kidding man
ur right
im annoyed by all the people who were buying cable when it was dropping 100 pips+ a day coz i felt bad
while i was selling
  • #81,948
  • Aug 13, 2008 5:54am Aug 13, 2008 5:54am
Quoting boxingislife
ur opinion sucks
damn straight im gonna give u shit
lol im kidding man
ur right
im annoyed by all the people who were buying cable when it was dropping 100 pips+ a day coz i felt bad
while i was selling
yeah bro it does feel bad taking money from our comrads
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #81,949
  • Aug 13, 2008 5:56am Aug 13, 2008 5:56am
Quoting boxingislife
ur opinion sucks
damn straight im gonna give u shit
lol im kidding man
ur right
im annoyed by all the people who were buying cable when it was dropping 100 pips+ a day coz i felt bad
while i was selling
I was about to leave after reading your first two lines,
Had me for a minute. Why feel bad if people trade against the trend, its one of the basics, go with the flow..
Keep It Simple Stupid
  • #81,950
  • Aug 13, 2008 6:00am Aug 13, 2008 6:00am
ex freakin actly
  • #81,951
  • Aug 13, 2008 6:03am Aug 13, 2008 6:03am
Quoting boxingislife
ex freakin actly

u high???
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #81,952
  • Aug 13, 2008 6:03am Aug 13, 2008 6:03am
Quoting salah k.
yeah bro it does feel bad taking money from our comrads
Everyone who thinks this needs to watch Match Stick Men. Why feel bad when they give it to you? But for real, the money we make selling comes from people buying and vice versa. If you people don't want to lose, it might be a good idea not to go against the majority (trend).
Don't Get Bitter, Get Better
  • #81,953
  • Aug 13, 2008 6:04am Aug 13, 2008 6:04am
high as a kiteeeeeeeeee

u want some tea?
  • #81,954
  • Aug 13, 2008 6:05am Aug 13, 2008 6:05am
Quoting boxingislife
high as a kiteeeeeeeeee

u want some tea?

Just havin a brew now.
  • #81,955
  • Aug 13, 2008 6:05am Aug 13, 2008 6:05am
Quoting boxingislife
high as a kiteeeeeeeeee

u want some tea?

sure mate some green tea would be delightfull
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #81,956
  • Aug 13, 2008 6:11am Aug 13, 2008 6:11am
Quoting NuB
If you people don't want to lose, it might be a good idea not to go against the majority (trend).
ye' & what makes it bad is if its your own...
Attached Image (click to enlarge)
Click to Enlarge Name: SellBuy.JPG Size: 10 KB
  • #81,957
  • Aug 13, 2008 6:11am Aug 13, 2008 6:11am
Quoting NuB
But for real, the money we make selling comes from people buying and vice versa.
Are you sure about that? Brokers get their rates from EBS feeds? EBS is only one that really knows if that's true. Am I correct? I sure would like better understanding of how rates are calculated, why rates move. Is it looking for SL or Buy Stops, and yes everybody says there's no central exchange like S&P or NY Stock exchange, but yes there is a central source, EBS feeds, right? Little confused.
  • #81,958
  • Aug 13, 2008 6:14am Aug 13, 2008 6:14am
Quoting Fx1618
ye' & what makes it bad is if its your own...
Unless YOU are the majority
  • #81,959
  • Aug 13, 2008 6:18am Aug 13, 2008 6:18am
Back to 1.90
  • #81,960
  • Aug 13, 2008 6:19am Aug 13, 2008 6:19am
Quoting Clouds
Back to 1.90

Not today mush.
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