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Cable Update (GBPUSD)

  • #86,641
  • Sep 9, 2008 9:28am Sep 9, 2008 9:28am
well with this news, it still cant go up.....dpwntrend is to samll or dailly going to give doji ..either way..if yur long i wouldnt add positions...

longs need to be carefull....my ass is still hedged..
  • #86,642
  • Sep 9, 2008 9:30am Sep 9, 2008 9:30am
intraday conditions are at best rangy/nuetral with a slightly bearish tone atm, whch has changed from the earlier bulsh tone....at some point a 7668/7506 breakout may occur with the less agressive 7470 area as a potential b/o area too...other tha n intraday scalping of fair sized moves it is currently impossible to say which way it will break from the intraday time frames.

These 'definate' long or short calls are either intraday scalps or guess work at best re direction of the eventual break of range described above.
ex member
  • #86,643
  • Sep 9, 2008 9:33am Sep 9, 2008 9:33am
Quoting LuckyLurker
might get there.. but the str is showing a sign of divergence if it holds here.
no worries! I have my SL in the positive.
Just digging in the trenches like everyone else!
  • #86,644
  • Sep 9, 2008 9:34am Sep 9, 2008 9:34am
price move within the triangle.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 87 KB
  • #86,645
  • Sep 9, 2008 9:35am Sep 9, 2008 9:35am
Quoting eohater
no worries! I have my SL in the positive.
good deal
USD Est Non Mortuus
  • #86,646
  • Sep 9, 2008 9:37am Sep 9, 2008 9:37am
i think we in consolidation
Attached Image (click to enlarge)
Click to Enlarge Name: picturebmp.JPG Size: 155 KB
  • #86,647
  • Sep 9, 2008 9:39am Sep 9, 2008 9:39am
[quote=Alastair;2209064]
Quoting eohater
I'm still short as well! Would like for it go back up to 1.766x and add more shorts there.
Whats up! you keeping well?
Im also stiil on the short train..
Doing good! Starting to get busy at work and holding onto my shorts right now and adding when I get good prices.

You doing ok?
Just digging in the trenches like everyone else!
  • #86,648
  • Sep 9, 2008 9:43am Sep 9, 2008 9:43am
Quoting LuckyLurker
good deal
You had a nice short earlier! Good job
Just digging in the trenches like everyone else!
  • #86,649
  • Sep 9, 2008 9:47am Sep 9, 2008 9:47am
Quoting eohater
You had a nice short earlier! Good job
waiting for my next one.. DP should cap this if it even makes it that high.. I'm just hangin and watching this for a bit.
USD Est Non Mortuus
  • #86,650
  • Sep 9, 2008 9:48am Sep 9, 2008 9:48am
Hey ho another day in paradise - yawn

Back in the UK next tuesday - will all the lights be out and no food ?

riots in the streets by all the ragged inhabitants of that destitute land ?

think i will take some ginger biscuits just in case

ok 1.60 here we come !


but bumpy from here
  • #86,651
  • Sep 9, 2008 9:49am Sep 9, 2008 9:49am
Do you guys remember Moe, and do you know he has been banned for life from forex factory!
  • #86,652
  • Sep 9, 2008 9:51am Sep 9, 2008 9:51am
Ritz's post/chart above says it all really, aggressive breakout of the triangle could be a play...7668 the resistance , 1hr ascending supp t/line the support
Attached Image (click to enlarge)
Click to Enlarge Name: ff.GIF Size: 14 KB
ex member
  • #86,653
  • Sep 9, 2008 9:51am Sep 9, 2008 9:51am
Quoting LuckyLurker
waiting for my next one.. DP should cap this if it even makes it that high.. I'm just hangin and watching this for a bit.


Excellent patience!
Just digging in the trenches like everyone else!
  • #86,654
  • Sep 9, 2008 9:52am Sep 9, 2008 9:52am
short again at higher price
i will short at 1.7644
  • #86,655
  • Sep 9, 2008 9:52am Sep 9, 2008 9:52am
Quoting pip me
Do you guys remember Moe, and do you know he has been banned for life from forex factory!
Moe will always be remembered and missed.
Just digging in the trenches like everyone else!
  • #86,656
  • Sep 9, 2008 9:53am Sep 9, 2008 9:53am
Quoting Ritz
short again at higher price
i will short at 1.7644
patience
Just digging in the trenches like everyone else!
  • #86,657
  • Sep 9, 2008 9:54am Sep 9, 2008 9:54am
What do you guys and gals see the next good short entry point to be?
Please ask questions and share your experiences with us all!
  • #86,658
  • Sep 9, 2008 9:55am Sep 9, 2008 9:55am
Quoting eohater
Moe will always be remembered and missed.
hear hear!!!!..i miss his humor
  • #86,659
  • Sep 9, 2008 9:56am Sep 9, 2008 9:56am
Quoting bkg102665
What do you guys and gals see the next good short entry point to be?
now is the best price. the higher the more better
  • #86,660
  • Sep 9, 2008 9:56am Sep 9, 2008 9:56am
Quoting speedtrader8
third time I'm saying..

this baby is going up.

long at 7620 and 7591 and 7570.

out 40% at 7647.
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