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Cable Update (GBPUSD)

  • #82,361
  • Aug 14, 2008 10:24am Aug 14, 2008 10:24am
Quoting scott087
i don't know about 1.86 by then but its going down from here. it touched the 38.2% fib retracement and 150sma on 15 min chart and fell. just tested the 150sma again and fell hard.
IMO I think 1.8720 will hold support and play from there to 1.8785 for the rest of the day.
Please ask questions and share your experiences with us all!
  • #82,362
  • Aug 14, 2008 10:34am Aug 14, 2008 10:34am
It's quiet! Most be a lot of shorts out there wondering what the hell is going on! It's time for the shorts to start taking profit. I don't think 1.85 is out of the question anytime soon, but we'll be going back to the moon if we do go down that far.
Just digging in the trenches like everyone else!
  • #82,363
  • Aug 14, 2008 10:36am Aug 14, 2008 10:36am
Alright guys, time to fire up the pipe! I'll see everyone near the end of the US Session.
Just digging in the trenches like everyone else!
  • #82,364
  • Aug 14, 2008 11:06am Aug 14, 2008 11:06am
Quoting bkg102665
IMO I think 1.8720 will hold support and play from there to 1.8785 for the rest of the day.
Guess I called it wrong, again!!
Please ask questions and share your experiences with us all!
  • #82,365
  • Aug 14, 2008 11:14am Aug 14, 2008 11:14am
Bit easy this

when it goes up, you short it

Even I can play this game

There is zero confidence and much fear, so any upward move is bound to have reversals
  • #82,366
  • Aug 14, 2008 11:45am Aug 14, 2008 11:45am
Has the US suddenly discovered 10 trillion down the back off the sofa?
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  • #82,367
  • Aug 14, 2008 11:50am Aug 14, 2008 11:50am
Quoting Uphios
Has the US suddenly discovered 10 trillion down the back off the sofa?
I thought you knew, the Bu$hs have been embezzling funds and controlling oil for years.
Don't Get Bitter, Get Better
  • #82,368
  • Aug 14, 2008 11:52am Aug 14, 2008 11:52am
Quoting NuB
I thought you knew, the Bu$hs have been embezzling funds and controlling oil for years.
NO!! We didn't!!
  • #82,369
  • Aug 14, 2008 12:05pm Aug 14, 2008 12:05pm
Quoting Uphios
Has the US suddenly discovered 10 trillion down the back off the sofa?
Actually, this is a very good point and extremely succinct

Sucking cinct is very pleasurable

If something looks too good to be true, it usually is

Manipulation is the word - but ipulating men can only be sustained a short time

The world did not change by this much in 1 week - look how long it took cable to go from 1.72 ish to 2.11 ish

So a sudden plunge doesnt make sense

No matter, I dont mind making money out of nonsense so i will short the spikes and have a bacon sandwich
  • #82,370
  • Aug 14, 2008 12:17pm Aug 14, 2008 12:17pm
Clearly the reason you moved to the States, ipulating men is illegal under new labour.(or anyone else for that matter)
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  • #82,371
  • Aug 14, 2008 12:28pm Aug 14, 2008 12:28pm
Quoting Uphios
Clearly the reason you moved to the States, ipulating men is illegal under new labour.(or anyone else for that matter)
My Sergeant used to say that if men had chubbies on their backs, they would be perfect - and not to knock anything until I tried it - but as I haven't found such chappies, I will stick with the ladies or give em all up in favour of a quiet life - low profile, sucking cinct , ducking and diving and trying to dodge bullets and dropping off the key lee - which is the only way to live in this veil of tears

A bit like forex - no a lot like forex
  • #82,372
  • Aug 14, 2008 12:58pm Aug 14, 2008 12:58pm
Action Forex-

No change in cable's outlook so far. Further decline is still expected as long as 1.9037 minor resistance holds. Sustained trading below the long term trend line support now encourages deeper fall to next target of 100% projection of 2.1161 to 1.9337 from 2.0158 at 1.8360. On the upside, though, above 1.9037 will argue that cable has finally made a short term bottom after drawing support from the trend line and bring rebound towards 4 hours 55 EMA (now at 1.9208) and above efore staging another fall.
  • #82,373
  • Aug 14, 2008 1:04pm Aug 14, 2008 1:04pm
Quoting poweredbuyer
Hey Boys,

I opened another mini account with $220.00 USD with FXCM. This will be an account I will mess with. The Goal is to turn the $220.00USD to $3000 USD in 2 months.

Terrible RR.MM will be expected. This is a gamble but I think prices look good right now so it could work. I did this before turned $1K into 13K in 2 weeks back in March 08.

Will post my results on my calls and charts on personal blog. Send me a PM if you want the URL to check it out.

DO NOT FOLLOW MY SIGNALS ... THIS IS NO DIFFERENT THAN BEING AT A CASINO.

WISH ME LUCK.
good luck i this this is good idea i might try the same some time...send me the url i will be interested to see how u get along..
  • #82,374
  • Aug 14, 2008 1:29pm Aug 14, 2008 1:29pm
Quoting nAVIN2007
good luck i this this is good idea i might try the same some time...send me the url i will be interested to see how u get along..
Just creating a site to blog all this now. Will send u link shortly.

so far so good first trade +43 pips EUR/JPY Short 0.2 Lots.

Balance $306.00

Wish I could do this everyday but that short was an easy tell.

Thanks for the wishes message u soon.

-powered
  • #82,375
  • Aug 14, 2008 2:36pm Aug 14, 2008 2:36pm
where is every1....??????
  • #82,376
  • Aug 14, 2008 2:47pm Aug 14, 2008 2:47pm
Quoting nAVIN2007
where is every1....??????
What's up Bro? I've wondered the same thing today!
Just digging in the trenches like everyone else!
  • #82,377
  • Aug 14, 2008 2:58pm Aug 14, 2008 2:58pm
Quoting eohater
What's up Bro? I've wondered the same thing today!

i have been going work that loss last week has thought me a lot infact i think the penny finally dropped and now i realise inorder to trade i need to basically wait for signals...i formed this bad habit of seeing a support and placing pending order there, without a candle to show a rejection (no signal) just taking bear chances...hence got burned....

now just waiting and seeing a oppportunity unfold..

how u bro...what the happened to every1..they give up or what..?
  • #82,378
  • Aug 14, 2008 3:12pm Aug 14, 2008 3:12pm
...nope im here ... i made 94 pips for past two day , im waiting for asia session .... and im still confuse where gbr will go. It may range for a day... and shot up in any direction so im out for now ... just watching it.
  • #82,379
  • Aug 14, 2008 3:29pm Aug 14, 2008 3:29pm
Quoting nAVIN2007
where is every1....??????
Hey Guys..... I've been out this week. Regrouping time for me. Will trade next week, just watching for now. Hope u all making pips.
  • #82,380
  • Aug 14, 2008 3:34pm Aug 14, 2008 3:34pm
nAVIN

Systems need to change with the markets. Everyone forgets this key, including myself.

I'm currently back in long at 1.8666. I couldn't resist the price level.

How's your daily candle look on your charts? I'm thinking a lot of people are holding shorts and are concerned she's getting ready to turn. I don't know where she's going, but I do want to ride her on the right side.

What kind of signals are you using now?
Just digging in the trenches like everyone else!
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