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Cable Update (GBPUSD)

  • #82,401
  • Aug 14, 2008 6:34pm Aug 14, 2008 6:34pm
well hope you can sleep soon, bonne nuit

zzzzzz
Attached Image
When life gives you lemons, make lemonade
  • #82,402
  • Aug 14, 2008 6:41pm Aug 14, 2008 6:41pm
Micho did you shut your EA off? If it has been profitable for 10 years, shutting it off may make it harder to get out of this drawdown...
  • #82,403
  • Aug 14, 2008 6:44pm Aug 14, 2008 6:44pm
intense spike there

wonder if soreass just woke up

looks like we have a market here - fasten your seat belts

i shorted it but just for a few piplettes
  • #82,404
  • Aug 14, 2008 7:46pm Aug 14, 2008 7:46pm
short since 1.8740
  • #82,405
  • Aug 14, 2008 7:47pm Aug 14, 2008 7:47pm
Quoting scott087
short since 1.8740
yippee 100 pips for you !

and more to come i reckon....
  • #82,406
  • Aug 14, 2008 8:35pm Aug 14, 2008 8:35pm
Soon short squeeze will take it to 1.88.
Oversold for no good reason.
{Promotion Removed}
  • #82,407
  • Edited 11:59pm Aug 14, 2008 9:27pm | Edited 11:59pm
come on 1,87
  • #82,408
  • Aug 14, 2008 9:48pm Aug 14, 2008 9:48pm
Has anyone looked at 16 August 2007? If you haven't, go and check it out. This was the final day of the fall for August 2007 for a total fall from 23 July 2007 for 1001 pips. We have currently fallen 1538 pips since the 14 July 2008.
Just digging in the trenches like everyone else!
  • #82,409
  • Aug 14, 2008 10:18pm Aug 14, 2008 10:18pm
Quoting eohater
Has anyone looked at 16 August 2007? If you haven't, go and check it out. This was the final day of the fall for August 2007 for a total fall from 23 July 2007 for 1001 pips. We have currently fallen 1538 pips since the 14 July 2008.
Are you suggesting that history might repeat itself and cable start recovery from here? In an irrational market as forex, do prices really obey the patterns of history?
Expected the unexpected
  • #82,410
  • Aug 14, 2008 10:31pm Aug 14, 2008 10:31pm
Quoting allserene
yippee 100 pips for you !

and more to come i reckon....
you think its going to keep falling?

im thinking of closing out at 1.8640 for +100 pips
  • #82,411
  • Aug 14, 2008 11:39pm Aug 14, 2008 11:39pm
Good morning all !
Here's a chart on GBP:USD based on seasonality (36 years average).
it should recover now during the middle of the month till end of August:
Attached Image
  • #82,412
  • Aug 15, 2008 12:46am Aug 15, 2008 12:46am
Quoting scott087
you think its going to keep falling?

im thinking of closing out at 1.8640 for +100 pips
nice move kido,I hope u continue to do well
  • #82,413
  • Aug 15, 2008 1:13am Aug 15, 2008 1:13am
Quoting scott087
you think its going to keep falling?

im thinking of closing out at 1.8640 for +100 pips
does this last move tell u anything?Mike
  • #82,414
  • Aug 15, 2008 1:15am Aug 15, 2008 1:15am
Quoting Rainer
Good morning all !
Here's a chart on GBP:USD based on seasonality (36 years average).
it should recover now during the middle of the month till end of August:
that is so off man its not even funny
things change every second in the market
keep that in mind

plus dont find reasons to buy. look for a retracement and keep selling
its clear where the trend is
dollar index is breaking its huge down trend line

  • #82,415
  • Aug 15, 2008 1:18am Aug 15, 2008 1:18am
At 1.8750/70 it is recommended to evaluate the activity development according to the charts of shorter time interval.
For sells on condition of formation of topping signals the targets will be 1.8680/1.8700, 1.8600/20 and/or further breakout variant up to 1.8520/40, 1.8440/60, 1.8360/80.
An alternative for buyers will be above 1.8860 with the targets 1.8900/20, 1.8960/80.
{Promotion Removed}
  • #82,416
  • Aug 15, 2008 1:33am Aug 15, 2008 1:33am
Quoting boxingislife
that is so off man its not even funny
things change every second in the market
keep that in mind

plus dont find reasons to buy. look for a retracement and keep selling
its clear where the trend is
dollar index is breaking its huge down trend line

I kinda agree. Even though these historical seasonal variations may have some significance, we should never base our trading decisions on just these alone.
  • #82,417
  • Aug 15, 2008 1:48am Aug 15, 2008 1:48am
I hope nobody is married to the idea of seeing 2.0000 any time soon.
Don't Get Bitter, Get Better
  • #82,418
  • Aug 15, 2008 1:49am Aug 15, 2008 1:49am
Quoting good
I kinda agree. Even though these historical seasonal variations may have some significance, we should never base our trading decisions on just these alone.
yea im with you since it can reinforce ur analysis if your thinking of buying and the market is up
but in this case its just a clear downmove

me and salah who is my friend have been screaming sell since cable was in the mid 90s
its just ridiculous with people wanting to buy or havent closed their longs yet or "dont understand" cable dropping

trend trading is the easiest thing to do.
i just feel so bad and people dont listen. ive been trading for years. the least people can do is take some friendly advice and at least get out of their longs or stop hoping for upmoves
  • #82,419
  • Aug 15, 2008 1:58am Aug 15, 2008 1:58am
Good morning to everyone! hope you have a good final day to the week.
Keep It Simple Stupid
  • #82,420
  • Aug 15, 2008 1:59am Aug 15, 2008 1:59am
lets see what happens ina couple of minutes when London opens!!
19500?? hopefully.
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