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Cable Update (GBPUSD)

  • #85,481
  • Sep 2, 2008 6:57am Sep 2, 2008 6:57am
Quote: The GBPUSD continues to slide, but it is clear that 5 waves are nearing completion from the July 15 top. A large correction, back to at least 1.88, is expected to begin soon. The pair is vulnerable to continued weakness until further notice.

Can you to confirm this large correction at least 1.8800?
  • #85,482
  • Sep 2, 2008 7:12am Sep 2, 2008 7:12am
short at 7851 t/p 7811
  • #85,483
  • Sep 2, 2008 7:17am Sep 2, 2008 7:17am
Quoting Infinity
That area is definitely possible but I am targeting the 365 ema on the weekly. 61.8 would be sweet though...
nice...

Target area hit.......if this is taken out then 50% fib is next....
Attached Image (click to enlarge)
Click to Enlarge Name: monu.GIF Size: 27 KB
Patience + Discipline - Greed = Success
  • #85,484
  • Sep 2, 2008 7:28am Sep 2, 2008 7:28am
Will Cable retrace at USD news ? I'm currently in long position...
Beginner of MQL programming
  • #85,485
  • Sep 2, 2008 7:34am Sep 2, 2008 7:34am
Quoting hipcio
looks like H&S on 1min oil
I like to call it investing.
Theoretically thats what you are doing, even be it for a short while only.
Playing makes it sound like it could be gambling..
Just a thought..
Keep It Simple Stupid
  • #85,486
  • Sep 2, 2008 7:38am Sep 2, 2008 7:38am
closed short +20 pips
  • #85,487
  • Sep 2, 2008 7:39am Sep 2, 2008 7:39am
Quoting Alastair
I like to call it investing.
Theoretically thats what you are doing, even be it for a short while only.
Playing makes it sound like it could be gambling..
Just a thought..

i agree
when u are studying the market techniacaly and fundamentally
u are not playing u are investing with a calculated risk
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #85,488
  • Sep 2, 2008 7:40am Sep 2, 2008 7:40am
still holding short from 7932
  • #85,489
  • Sep 2, 2008 7:42am Sep 2, 2008 7:42am
ya but if you call it working it sounds like it takes work

playing sounds more fun

also I think hips english is very much better than my (and your?) polish
  • #85,490
  • Sep 2, 2008 7:54am Sep 2, 2008 7:54am
Quoting mr.leahy
ya but if you call it working it sounds like it takes work

playing sounds more fun

also I think hips english is very much better than my (and your?) polish
i did not mean any offence to him.
But lets be honest, hard work pays off!
So i dont mind calling it work.
Keep It Simple Stupid
  • #85,491
  • Sep 2, 2008 7:55am Sep 2, 2008 7:55am
closed final short +120 pips total profit for monday night/tuesdaymorning=310 pips
  • #85,492
  • Sep 2, 2008 7:57am Sep 2, 2008 7:57am
Quoting mr.leahy
closed final short +120 pips total profit for monday night/tuesdaymorning=310 pips
  • #85,493
  • Sep 2, 2008 8:03am Sep 2, 2008 8:03am
why thank you thankyouvermuch

im out til after the swap now good luck everyone
  • #85,494
  • Sep 2, 2008 8:10am Sep 2, 2008 8:10am
i did not mean any offence to him.
But lets be honest, hard work pays off!
So i dont mind calling it work. __________________
Keep It Simple Stupid



I didn't think that you did (mean offense) I think I was reacting more to stanton

also I found that once I started calling trading my job, saying I had to go work when it was time to trade this was as big a step toward profits as any thing Ive learned or done so I agree with you

http://www.forexfactory.com/images/buttons/quote.gif


  • #85,495
  • Sep 2, 2008 8:25am Sep 2, 2008 8:25am
hi guys back again to tell you one of the threads secrets here
now all talk about fundamentals
what is fundametals ...lol
all the buyrs and the sellers are here in those threads and you know the forex basic rule
only 20% win and the other 80% loss
so try to figure it out by your mind
yea they fool you and robb your money
they said the price is going up and you will find the price is going down
so try to opserve and make your mind work
that is why sir (Tiger hunter)not sending posts here anymore
and just trade with the trend
  • #85,496
  • Sep 2, 2008 8:50am Sep 2, 2008 8:50am
Quoting Alastair
i did not mean any offence to him.
But lets be honest, hard work pays off!
So i dont mind calling it work.
Thank You for all the opinions

I use play because it is a language calc (direct copy) from polish word
used to describe investing and trading like we do here

Secondly I did not use investing because I trade on me demo(practice account)

But to tell the truth instead of: trading, investing, or working here
- I like most the saying "pipping"

If You agree, from now on I would use it. In case of contrary opinion please let me know. lol


lol - is a very interesting vivid saying which I do not understand but would like to use very much indeed.http://www.forexfactory.com/images/icons/icon7.gif
Jesus Christ is my only Lord !
  • #85,497
  • Sep 2, 2008 9:26am Sep 2, 2008 9:26am
Quoting Infinity
nice...

Target area hit.......if this is taken out then 50% fib is next....
Nice!
Just digging in the trenches like everyone else!
  • #85,498
  • Sep 2, 2008 9:31am Sep 2, 2008 9:31am
Quoting eohater
Nice!
Thanks bro..... How it going...
Patience + Discipline - Greed = Success
  • #85,499
  • Sep 2, 2008 9:37am Sep 2, 2008 9:37am
Quoting Infinity
Thanks bro..... How it going...
Very good bro! I've been quiet staying under the radar trying to control my emotions. I've been shorting this since Sunday night and finally closed all trades out. I was up to 10 lots and I usually never go over 8, my emotions were on overload.

I'm still thinking we could see 1.761x
Just digging in the trenches like everyone else!
  • #85,500
  • Edited 2:11pm Sep 2, 2008 9:50am | Edited 2:11pm
Quoting eohater
Very good bro! I've been quiet staying under the radar trying to control my emotions. I've been shorting this since Sunday night and finally closed all trades out. I was up to 10 lots and I usually never go over 8, my emotions were on overload.

I'm still thinking we could see 1.761x
Yeah that area is possible but i see a possible reversal coming up on the 4h... and also the weekly 365sma was touched.....we could see a retracement first.....
Patience + Discipline - Greed = Success
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