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Cable Update (GBPUSD)

  • #82,201
  • Aug 13, 2008 8:26pm Aug 13, 2008 8:26pm
Quoting allserene
God here - can't help you just now as I am going to home depot to buy a bird bath for my creations that I forgot to provide with bird baths

After that I am off to the dentist - I have had these teeth for x trillion years and never used em so i don't know why i bother.

I can't even remember when my beard went grey so dont rely on me - I think it was after x-y trillion years and it was red before that

There are no razors up here you know so everyone has them - even the women - now that's something to look forward to eh ?
Oh Lord, won’t you buy me a Mercedes Benz ?
My friends all drive Porsches, I must make amends.
Worked hard all my lifetime, no help from my friends,
So Lord, won’t you buy me a Mercedes Benz ?
Buy the dips, Sell the rallies.
  • #82,202
  • Aug 13, 2008 8:54pm Aug 13, 2008 8:54pm
Im long 1.8630 t/p 1,87
  • #82,203
  • Aug 13, 2008 9:11pm Aug 13, 2008 9:11pm
Today usd forecast bad

Gbp/usd forecast 1,90/91

Im speak english bad, sorry.
  • #82,204
  • Aug 13, 2008 9:44pm Aug 13, 2008 9:44pm
Quoting Optimum
Im long 1.8630 t/p 1,87
how much are you sure that 1.86 handle would be the strong support or the bottom. I am seeing the signs of bouncing off the support at 1.8500 that might be a good opportunity for long on a bounce back to 1.9000..

Actually I am so scared to do Long in the downward channel and we have to admit that there is no concept of oversold and overbought concepts, otherwise we wouldn't be in 1.86 handle.....
  • #82,205
  • Aug 13, 2008 10:07pm Aug 13, 2008 10:07pm
Quoting asyed4
how much are you sure that 1.86 handle would be the strong support or the bottom. I am seeing the signs of bouncing off the support at 1.8500 that might be a good opportunity for long on a bounce back to 1.9000..

Actually I am so scared to do Long in the downward channel and we have to admit that there is no concept of oversold and overbought concepts, otherwise we wouldn't be in 1.86 handle.....
If you think go long is the way, limit your deviations to +/- 10 pips; that way you would only loss 10 pips the most.
{Promotion Removed}
  • #82,206
  • Aug 13, 2008 10:34pm Aug 13, 2008 10:34pm
Quoting forexpert
If you think go long is the way, limit your deviations to +/- 10 pips; that way you would only loss 10 pips the most.
Thanks for your advice, but you think 10 pips are not enough to decide the direction if it goes against my direction, because you know crazy the cable was, like yesterday night all of a sudden it went up to 1.8980 then gradually down tow 1.8940 and then went to downward direction....

But it's a good idea to follow in a mini account for at least 15-20 pips because 5 pips is already a spread difference....
  • #82,207
  • Aug 13, 2008 11:01pm Aug 13, 2008 11:01pm
Quoting forexpert
If you think go long is the way, limit your deviations to +/- 10 pips; that way you would only loss 10 pips the most.
just be carefull for long position.. too dangerous.. still holding short here.. 350pips already.. my personal tp is 1.80xx.. means about 600pips more.. may not this week.. but i glad waiting for it.. hehe.. just trade with your risk.. and follow the trend.. so power to push down, althought oversold on my daily chart..
just follow the trend...
  • #82,208
  • Aug 14, 2008 12:01am Aug 14, 2008 12:01am
come on 1,87 comeee
  • #82,209
  • Aug 14, 2008 12:39am Aug 14, 2008 12:39am
Hey, I thought I will just share this scary thought to darken your moods lol - Of course as the disclaimer proudly says, I could be wrong.

Scenario: US is going to war with Iran,
1. US Gov knows that the war will grind choke oil supply lines.
2. US Gov knows domestic oil supply needs to shored up in advance
3. US Gov knows it can buy more oil when dollar is strong
4. US Gov knows how and when to intervene to shore up the greenback

Rest is history as they say.

Am I right? I have no idea!

$ > £ = More Oil for US reserves
  • #82,210
  • Edited 12:58am Aug 14, 2008 12:46am | Edited 12:58am
Quoting AmeriTrini
Whatever Bro, Iran would nuke every single US troop there and launch one to Israel as well, picking a fight with Iran would be devastating to this country. China would probably have Iran's back as they are dependant on oil, they have 1 million on standby, the US was struggling to make 300,000 to send to Iraq........... LOL!!

i have news actually iran has 22 million troops on standby and not 1 million
so basically it ahs 1/3 of its population

ive read it here in a newspaper in lebanon
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #82,211
  • Aug 14, 2008 12:52am Aug 14, 2008 12:52am
Quoting shiva
US Gov knows how and when to intervene to shore up the greenback
[/size]
Yes, they can do it. They intervened with google search not too long ago, too. After searching for miserable failure and bush came up. Those banks will fold too if the G8 requests it of them. They don't have buy dollars, they just need the banks to tweak their software.
  • #82,212
  • Aug 14, 2008 1:26am Aug 14, 2008 1:26am
All I have to say is
Don't Get Bitter, Get Better
  • #82,213
  • Aug 14, 2008 1:50am Aug 14, 2008 1:50am
oh noooooooooooo
cable hit 8700

wat happens now
is it a trend change ??????????????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #82,214
  • Aug 14, 2008 1:53am Aug 14, 2008 1:53am
Quoting salah k.
oh noooooooooooo
cable hit 8700

wat happens now
is it a trend change ??????????????
helloooooooooooooooo
no more trading cable for me this month cause it is ridiculous
When life gives you lemons, make lemonade
  • #82,215
  • Aug 14, 2008 1:53am Aug 14, 2008 1:53am
Quoting salah k.
oh noooooooooooo
cable hit 8700

wat happens now
is it a trend change ??????????????
Not until H1 closes above 760. Its just a retrace to the 50% Fib
Don't Get Bitter, Get Better
  • #82,216
  • Aug 14, 2008 1:57am Aug 14, 2008 1:57am
Quoting NuB
Not until H1 closes above 760. Its just a retrace to the 50% Fib

dude im just kididn

im pretty sure its not a trend change
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #82,217
  • Aug 14, 2008 1:57am Aug 14, 2008 1:57am
Quoting NuB
Not until H1 closes above 760. Its just a retrace to the 50% Fib
I'm long at 1.8665...
  • #82,218
  • Aug 14, 2008 1:57am Aug 14, 2008 1:57am
nope guys this is not a retracement
i repeat
not a retracement

were going to 3.1529
if that breaks next target is the 2000000 ma at 12.5948
  • #82,219
  • Aug 14, 2008 1:57am Aug 14, 2008 1:57am
Quoting micho
helloooooooooooooooo
no more trading cable for me this month cause it is ridiculous

good morning mr. orange
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #82,220
  • Aug 14, 2008 1:57am Aug 14, 2008 1:57am
Quoting micho
helloooooooooooooooo
no more trading cable for me this month cause it is ridiculous
Come on Micho, break out the Lemonade
Don't Get Bitter, Get Better
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