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Cable Update (GBPUSD)

  • #82,001
  • Aug 13, 2008 7:51am Aug 13, 2008 7:51am
Quoting salah k.
LOL i guess u aint goin nowhere this month haha
stuck in lebanon
When life gives you lemons, make lemonade
  • #82,002
  • Aug 13, 2008 7:51am Aug 13, 2008 7:51am
Quoting Carrera
Good morning guys.

hi del123, I remember you was my first voucher.

I don't remember but I guess also that you wrote a comment in my profile! lol, I don't know what I did with that comment. I guess I clicked the wrong botton when I was cleaning my in-box.

Well, back to bussiness, we still going to this guy house --> lower and lower. Let's see if data from US help for a retracement up and then, follow the sentiment to the down side.
Go figure.. Simplicity work
  • #82,003
  • Aug 13, 2008 7:55am Aug 13, 2008 7:55am
Quoting Infinity
I currently have a very small long still open @ 9000 but if price goes below 8836, I will close this trade for a loss as I am not willing to risk more than that amount on this single trade.

In order to survive in this market, we have to learn to cut losses early.

Bless
Stopped out for a small loss on this one....
Patience + Discipline - Greed = Success
  • #82,004
  • Aug 13, 2008 7:55am Aug 13, 2008 7:55am
Quoting micho
and the drama continues, just as i woke up to see my short order stopped out at 1.9023 with a high of 1.9034 before going down 300 pips lol nice thanks god what a wonderful month
Damn Damn Damn
Don't Get Bitter, Get Better
  • #82,005
  • Aug 13, 2008 7:57am Aug 13, 2008 7:57am
So another leg down the market reacting to a perceived dovish Mthly Inflation Report from BOE,...finding support for now at that 8736 area, being the 123.6% of yesterdays hi-lo pip range, below the Wkly S2 pivot at 8752 area.

Right on the Mthly ascending T/line area now (1st real test) (some dispurte as to where this is,)

Potential support to the downside below the current intraday lows exists at that 8730/20 area being 61.8% of the 7040-1162 rise, and Dly S3 pivot in the vacinity.. below this and potential Wkly support at 9500-9430 area moves into view.

Potential resistance to the upside resides up to the 23.6% fib of the intraday move down ...8807, and then potentially 8850 area, being the 38.2% of said move. (Dly S2 8841 area) Above here and the broken swing lows at 8920 area move into view.

No retrace/pullback in this move down from 0157 to date, has exceeded 180pips most falling below 150pips. Today likely to be the 9th consecutive day of £ selling.
ex member
  • #82,006
  • Aug 13, 2008 8:02am Aug 13, 2008 8:02am
Quoting bbmac
Today likely to be the 9th consecutive day of £ selling.
The reason I mention this is that it's very unusual, on any time frame to see above 9 consecutive bullish or bearish candles?? Have a look for yourself.
ex member
  • #82,007
  • Aug 13, 2008 8:02am Aug 13, 2008 8:02am
When I trade for me moust important is Entry. My Entry is intraday Pivot.In a few words, pivot point is a level in which the sentiment of traders and investors changes from bull to bear or vice versa.

Same time I looking how correalat USDwith othet USD (NZD,AUD,GBP,CHF,JPY)

http://3.bp.blogspot.com/_nmIuQsC9b-...rver++gbpp.png
{Promotion Removed}
  • #82,008
  • Aug 13, 2008 8:07am Aug 13, 2008 8:07am
gbp/aud moved 300 pips up, and 500 pips down, all in 1 day, everything possible in FX
  • #82,009
  • Aug 13, 2008 8:10am Aug 13, 2008 8:10am
I dont know about yall but Im still short.
Don't Get Bitter, Get Better
  • #82,010
  • Aug 13, 2008 8:12am Aug 13, 2008 8:12am
Quoting NuB
I dont know about yall but Im still short.
Get some shoes with lifts in then.
  • #82,011
  • Aug 13, 2008 8:14am Aug 13, 2008 8:14am
nice GBP
next the targets will be 1.8700/20
{Promotion Removed}
  • #82,012
  • Aug 13, 2008 8:15am Aug 13, 2008 8:15am
Quoting MarineUK
Get some shoes with lifts in then.
Or better yet, I'll just stand on a stack of MONEY.
Don't Get Bitter, Get Better
  • #82,013
  • Aug 13, 2008 8:16am Aug 13, 2008 8:16am
Quoting NuB
I dont know about yall but Im still short.
shhhhhhhhhhh
if u say they will turn u into a fraud
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #82,014
  • Aug 13, 2008 8:24am Aug 13, 2008 8:24am
Quoting salah k.
shhhhhhhhhhh
if u say they will turn u into a fraud
Oh my bad. I don't mean to follow the trend. I don't really want to make any money. LMAO

Did I miss something? Did the UK economy bounce back while I was at breakfast? This thing is not breaking any of the resistances that indicat a move up. So why should I go long?
Don't Get Bitter, Get Better
  • #82,015
  • Aug 13, 2008 8:26am Aug 13, 2008 8:26am
OH, what is this? A NEW LOW? Where did that come from? I thought we were going up.
Don't Get Bitter, Get Better
  • #82,016
  • Aug 13, 2008 8:26am Aug 13, 2008 8:26am
Quoting NuB
Oh my bad. I don't mean to follow the trend. I don't really want to make any money. LMAO

Did I miss something? Did the UK economy bounce back while I was at breakfast? This thing is not breaking any of the resistances that indicat a move up. So why should I go long?
depends on TP, if your TP had be +500 right now, which direction would you pick
  • #82,017
  • Aug 13, 2008 8:27am Aug 13, 2008 8:27am
the only possible option now is short
  • #82,018
  • Aug 13, 2008 8:28am Aug 13, 2008 8:28am
hi everyone,
1 min scalping
gbr just broke through the 8740 support and came back up to it. As long as I understand now its a resistance , would it bounce back down ???
  • #82,019
  • Aug 13, 2008 8:29am Aug 13, 2008 8:29am
.......... and its just did
  • #82,020
  • Aug 13, 2008 8:30am Aug 13, 2008 8:30am
Quoting Clouds
depends on TP, if your TP had be +500 right now, which direction would you pick
If you have found the magic trend lines that control the market and predict 500+ pips I need to get your # ASAP.
Don't Get Bitter, Get Better
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