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Cable Update (GBPUSD)

  • #83,841
  • Aug 24, 2008 7:55pm Aug 24, 2008 7:55pm
Quoting Infinity
Guys.. we don't need to be fighting in here...
Everyone is using their own money and taking their own risks but sometimes people make wild calls against the trend without any basis at all and it should not be what the thread is about. We should share our analysis and induce logical discussions but wild trade calls are really not necessary..
what`s the next target you see?
  • #83,842
  • Aug 24, 2008 8:01pm Aug 24, 2008 8:01pm
hello friends the newb is back... haha I stuck out the oil hit and im ok... few thank God. I know this is probubly bad form but is anyone long on USD/CHF? Im seeing some resistance at 1.1030..... think it will break through? I'm sure i'll get pounded for stepping on the cable haha just wonderin' what you pro's think. Thanks guys
Lets do this...
  • #83,843
  • Aug 24, 2008 8:04pm Aug 24, 2008 8:04pm
Down Moment Finish ? At present?


To test Again 1,85 ?

"I speak english bad."
  • #83,844
  • Aug 24, 2008 8:10pm Aug 24, 2008 8:10pm
Don`t think so............

look at your chart(M30/H1/H4)

Still there alot of time.



Quoting Optimum
Down Moment Finish ? At present?


"I speak english bad."
  • #83,845
  • Aug 24, 2008 8:11pm Aug 24, 2008 8:11pm
Quoting Infinity
Guys.. we don't need to be fighting in here...
Everyone is using their own money and taking their own risks but sometimes people make wild calls against the trend without any basis at all and it should not be what the thread is about. We should share our analysis and induce logical discussions but wild trade calls are really not necessary..
yep bro..sorry if my post is out of topic.
it is better if any comment attached with analysis.
not only a WORD
  • #83,846
  • Aug 24, 2008 8:18pm Aug 24, 2008 8:18pm
Quoting nedal26
what`s the next target you see?
I'm thinking the 38.2 fib level as shown here which is about 1.8350. We could see a bounce from there but it could also continue lower..
Attached Image (click to enlarge)
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Patience + Discipline - Greed = Success
  • #83,847
  • Aug 24, 2008 8:35pm Aug 24, 2008 8:35pm
Quoting Infinity
I'm thinking the 38.2 fib level as shown here which is about 1.8350. We could see a bounce from there but it could also continue lower..
maybe some retrace to around 1.8500 before continue down to the next target.
  • #83,848
  • Aug 24, 2008 8:37pm Aug 24, 2008 8:37pm
I think S/L They blowed up ?
  • #83,849
  • Aug 24, 2008 8:39pm Aug 24, 2008 8:39pm
some technical analysis is can't believe now.
maybe fliping a coin is more accurate
  • #83,850
  • Aug 24, 2008 8:43pm Aug 24, 2008 8:43pm
I'm long @ 8428
S/L @ 8418
T/P @ 8565
"Invest With The Insiders, Not The Masses" George Muzea
  • #83,851
  • Aug 24, 2008 8:47pm Aug 24, 2008 8:47pm
Quoting Qu|cksilver
I'm long @ 8428
S/L @ 8418
T/P @ 8565
t/p Serious? 18565

I long 1,8425 T/P 1,8520
  • #83,852
  • Aug 24, 2008 9:03pm Aug 24, 2008 9:03pm
Quoting yank
maybe some retrace to around 1.8500 before continue down to the next target.
possible.. but I am only taking short trades for now.. based on the 4h it could go higher...
Patience + Discipline - Greed = Success
  • #83,853
  • Aug 24, 2008 9:15pm Aug 24, 2008 9:15pm
Quoting Infinity
possible.. but I am only taking short trades for now.. based on the 4h it could go higher...
u`re right bro...its possible to go more deeper...1.8350 will reach then..
  • #83,854
  • Aug 24, 2008 10:39pm Aug 24, 2008 10:39pm
Quoting Infinity
possible.. but I am only taking short trades for now.. based on the 4h it could go higher...
me too taking short trades. waiting for good entry point
  • #83,855
  • Aug 24, 2008 10:56pm Aug 24, 2008 10:56pm
i think we are going 2 test new low...
  • #83,856
  • Aug 24, 2008 10:59pm Aug 24, 2008 10:59pm
Intraday it is time to buy gbp/usd and eur/usd around 1,8400 and 1,4700 again...
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Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #83,857
  • Aug 24, 2008 11:05pm Aug 24, 2008 11:05pm
Any One See That Eur And Gbp recored The High Of The Week
  • #83,858
  • Aug 24, 2008 11:12pm Aug 24, 2008 11:12pm
The weakness of GBP is dragging the rest lower.
The UK is facing an economic disaster and talk of recession over the weekend.I think that was partly to blame for the large sell off this morning.
I see GBP weakening across the board on most crosses.
The USD has whipped a few directional players about.Too many mixed signals with Gold and Oil gyrating.
I think its choppy sessions ahead until we get some clear air.
For mine its one of these periods in the market where you check out the Good Food Guide and catch up with friends and buy them a meal.
It will be alot cheaper option.
  • #83,859
  • Aug 24, 2008 11:13pm Aug 24, 2008 11:13pm
Quoting bye2000
Any One See That Eur And Gbp recored The High Of The Week

I had short Eur/Gbp too early last week. Quite upset now.

Could breaktrough the new high if GBP break down furthur to 1.8000
  • #83,860
  • Edited 11:39pm Aug 24, 2008 11:25pm | Edited 11:39pm
If we make a solid break on 1.84, we'll see 1.836x soon. We could test 1.845x before falling more. Key price levels I'm watching upward movement 1.845x, 1.851x and downward movement 1.836x 1.832x. If these key levels hold, they can produce nice entry points with tight SL's. Good luck trading!
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Just digging in the trenches like everyone else!
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