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Cable Update (GBPUSD)

  • #85,961
  • Sep 4, 2008 7:03pm Sep 4, 2008 7:03pm
Stock Market followed the Cable downward today ! ....Down 345 pts!

( Cable now looks like it's at a point of no return ! )

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What happened to all that talk about the revised US GDP from last week ?... !
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  • #85,962
  • Sep 4, 2008 7:03pm Sep 4, 2008 7:03pm
Quoting therainmaker
no la, my friend been enter short @ 1.84 since last week. Can't bear to close the position , yet.
That makes sense! I don't blame you, you've got a nice trade going there, hopefully you've added to your position along the way.
Just digging in the trenches like everyone else!
  • #85,963
  • Sep 4, 2008 7:03pm Sep 4, 2008 7:03pm
Quoting jcminvest
any of you guys worried about the non-farms for usd tomorrow? or am I stressing over nothing?
do non-cows live on non-farms ?
  • #85,964
  • Sep 4, 2008 7:07pm Sep 4, 2008 7:07pm
Quoting allserene
do non-cows live on non-farms ?
haha oh I wouldnt know... but I am planning on Mooing my way down with the pound... down with the pound... i like it ha
Lets do this...
  • #85,965
  • Sep 4, 2008 7:12pm Sep 4, 2008 7:12pm
Around 7450 is 50% fib level from when this whole upmove started. We should watch this area carefully....
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Patience + Discipline - Greed = Success
  • #85,966
  • Sep 4, 2008 9:11pm Sep 4, 2008 9:11pm
Quoting eohater
Here's my thought, bear in mind I am NOT a fundamental trader. Non-farm payroll will come in bad, and drive her upto around 1.777x, from there we'll be back on the short path again.
You can throw this out the window!
Just digging in the trenches like everyone else!
  • #85,967
  • Sep 4, 2008 10:10pm Sep 4, 2008 10:10pm
Quoting Infinity
Around 7450 is 50% fib level from when this whole upmove started. We should watch this area carefully....

I get closer to 1.7501
  • #85,968
  • Sep 4, 2008 10:26pm Sep 4, 2008 10:26pm
Here's a view to think about!
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Just digging in the trenches like everyone else!
  • #85,969
  • Sep 4, 2008 11:04pm Sep 4, 2008 11:04pm
Quoting eohater
Here's a view to think about!
i hope she will make some retracement...
  • #85,970
  • Sep 5, 2008 12:19am Sep 5, 2008 12:19am
hi

i think will go up till 1.7648
  • #85,971
  • Sep 5, 2008 1:24am Sep 5, 2008 1:24am
Quoting deboooo2005
hi

i think will go up till 1.7648

till now 1.7611 is resistance
  • #85,972
  • Sep 5, 2008 1:37am Sep 5, 2008 1:37am
Quoting deboooo2005
till now 1.7611 is resistance
it is stopped @ 38.2 fib lvl...I guess more downside ahead..

Sonic
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  • #85,973
  • Sep 5, 2008 2:05am Sep 5, 2008 2:05am
I have srvived somehow,
some of You have received big award yesterday,

lets see whats today

I am long @1.7583

Good trading today!
Jesus Christ is my only Lord !
  • #85,974
  • Sep 5, 2008 2:07am Sep 5, 2008 2:07am
just for the good begining

I have to go back to my roots - scalping
Jesus Christ is my only Lord !
  • #85,975
  • Sep 5, 2008 2:11am Sep 5, 2008 2:11am
I go for short at 7610
"Invest With The Insiders, Not The Masses" George Muzea
  • #85,976
  • Sep 5, 2008 2:13am Sep 5, 2008 2:13am
Quoting Qu|cksilver
I go for short at 7610
7604
Jesus Christ is my only Lord !
  • #85,977
  • Sep 5, 2008 2:14am Sep 5, 2008 2:14am
i cant beleve this currency is behaving like this ......how can it fall like this and have no sign of going up.....this is just impossible to apply technical analysis..candles sticks, pin nothing is working except selling and now we seeing nonfarm.......anything can happen...
  • #85,978
  • Sep 5, 2008 2:16am Sep 5, 2008 2:16am
Quoting nAVIN2007
i cant beleve this currency is behaving like this ......how can it fall like this and have no sign of going up.....this is just impossible to apply technical analysis..candles sticks, pin nothing is working except selling and now we seeing nonfarm.......anything can happen...
this is the power of the market!
Jesus Christ is my only Lord !
  • #85,979
  • Sep 5, 2008 2:16am Sep 5, 2008 2:16am
Quoting nAVIN2007
i cant beleve this currency is behaving like this ......how can it fall like this and have no sign of going up.....this is just impossible to apply technical analysis..candles sticks, pin nothing is working except selling and now we seeing nonfarm.......anything can happen...
I would not agree with you when you say candlestick patterns do not work coz I have been trading them successfully!!!
But I completely agree with you when you say we can't apply the other aspects of technical analysis.
We are just in a free fall.
  • #85,980
  • Sep 5, 2008 2:19am Sep 5, 2008 2:19am
Quoting Qu|cksilver
I go for short at 7610
hi Qu|cksilver i think its early short it could go to 1.7640 or more ... just opinion
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munlee