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Cable Update (GBPUSD)

  • #82,421
  • Aug 15, 2008 2:04am Aug 15, 2008 2:04am
Quoting Gubster
lets see what happens ina couple of minutes when London opens!!
19500?? hopefully.
holiday in europe
  • #82,422
  • Aug 15, 2008 2:22am Aug 15, 2008 2:22am
Not in the UK!!
  • #82,423
  • Aug 15, 2008 2:26am Aug 15, 2008 2:26am
guys you think a bit of a retrace to around 19600 then fall again?
  • #82,424
  • Aug 15, 2008 2:30am Aug 15, 2008 2:30am
morning ladies ...oops im mean gents yep down down and down we go, gently by the sea..wtf

hope nobody is long cause this is going to blow accounts..
  • #82,425
  • Aug 15, 2008 2:31am Aug 15, 2008 2:31am
Quoting Gubster
guys you think a bit of a retrace to around 19600 then fall again?
dont think about retraces..this is how i got it!
  • #82,426
  • Aug 15, 2008 2:33am Aug 15, 2008 2:33am
Quoting Gubster
guys you think a bit of a retrace to around 19600 then fall again?
Its not going to 1.9600 for a while.
Keep It Simple Stupid
  • #82,427
  • Aug 15, 2008 2:35am Aug 15, 2008 2:35am
Well, looks like it finally got to 550. Just a day late and a Pound short.
Don't Get Bitter, Get Better
  • #82,428
  • Aug 15, 2008 2:44am Aug 15, 2008 2:44am
When's true resistance? 1.85? 1.8? 1.3? XD
  • #82,429
  • Aug 15, 2008 2:45am Aug 15, 2008 2:45am
Quoting nAVIN2007
dont think about retraces..this is how i got it!

whats up bro
how are u
hows ur tradin
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #82,430
  • Aug 15, 2008 2:51am Aug 15, 2008 2:51am
Quoting salah k.
whats up bro
how are u
hows ur tradin
well bro after the loss i had ..i havent entered market at all ....just been going work bro and earning my money back that way...just sitting on the side lines, and puching myself if the word long come into my head...

howz u brother?
  • #82,431
  • Aug 15, 2008 2:54am Aug 15, 2008 2:54am
Quoting nAVIN2007
well bro after the loss i had ..i havent entered market at all ....just been going work bro and earning my money back that way...just sitting on the side lines, and puching myself if the word long come into my head...

howz u brother?
dude im sorry for ur loss
it was evident this move down since 9700 and we were talking about it
and u were convinced y didnt u short
anyway bro im fine
hope u get back on the horse cause the market is full of opportunities
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #82,432
  • Aug 15, 2008 2:57am Aug 15, 2008 2:57am
Quoting salah k.
dude im sorry for ur loss
it was evident this move down since 9700 and we were talking about it
and u were convinced y didnt u short
anyway bro im fine
hope u get back on the horse cause the market is full of opportunities
actually i was stupid my logic was.....short from after the retracement up, and i tried to get the retracement which didnt happen...anyways its fine im a better trader for it...

loss hasnt effect me really i just lost plenty of pips...the money aspect is vitrtual as i dont consider the money i have in trading account touchable YET!
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  • #82,433
  • Aug 15, 2008 3:02am Aug 15, 2008 3:02am
May i have your guys opinion on going short when my charts tell me to do so in a while?
Keep It Simple Stupid
  • #82,434
  • Aug 15, 2008 3:04am Aug 15, 2008 3:04am
valiant attempt at a daily bullish candle yesterday, but close bearish with a 'with trend' follow thru sell off from the 1hr hidden / reverse divergence pattern at 8785 area yesterday. If today closes bearish it will make it 11 consecutive bearish daily candles which is almost unheard of and speaks as to the strength of this downtrend.

Potential weekly support zone runs 8560-00, mni saying bids 8550/40. Next significant fib isn't until 8310 area. 8520 is the reversal low from October 2006. Daily S2 falls 8518-32 around there, and bids likely, possibly 8500 too.

First real upside hurdle is the 8618-37 area, being prev swing lo area on 1hr, although 8590-00 could again provide some supply as 2 x fibs there being 38.2% of today's fall and 23.6% of fall from yesterday's hi.

G/L all.
ex member
  • #82,435
  • Aug 15, 2008 3:07am Aug 15, 2008 3:07am
this is likely i think ..the range i mention yesterday...
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  • #82,436
  • Aug 15, 2008 3:08am Aug 15, 2008 3:08am
Quoting nAVIN2007
actually i was stupid my logic was.....short from after the retracement up, and i tried to get the retracement which didnt happen...anyways its fine im a better trader for it...

loss hasnt effect me really i just lost plenty of pips...the money aspect is vitrtual as i dont consider the money i have in trading account touchable YET!

good to know buddy
hope u make back all those pips
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #82,437
  • Aug 15, 2008 3:12am Aug 15, 2008 3:12am
The following objectives - 1.8440/60, 1.8360/80
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  • #82,438
  • Aug 15, 2008 3:16am Aug 15, 2008 3:16am
Quoting Alastair
May i have your guys opinion on going short when my charts tell me to do so in a while?
i think its a bit too late
i say relax and watch for today

i personally think itl continue down even today but at the same time being friday and market dropped so much already the risk is a bit higher

i think next week will be a retracement for at least monday and tuesday and possibly more
then itl continue down.
ill post some charts in a bit
  • #82,439
  • Aug 15, 2008 3:17am Aug 15, 2008 3:17am
Quoting salah k.
good to know buddy
hope u make back all those pips

thank bro....i have a idea go in bigger instead of 0.1 but i will make sure i enter with signals...this is my next approach
  • #82,440
  • Aug 15, 2008 3:20am Aug 15, 2008 3:20am
Quoting Alastair
May i have your guys opinion on going short when my charts tell me to do so in a while?
Looks like it remains short for the London morning session.

But we will have to see when the New York opens.
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