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Cable Update (GBPUSD)

  • #87,781
  • Sep 14, 2008 1:30pm Sep 14, 2008 1:30pm
Heres my view
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #87,782
  • Sep 14, 2008 1:43pm Sep 14, 2008 1:43pm
Reuters
Lehman Brothers appears headed toward liquidation after Barclays withdrawal, plan to divide Lehman into "good bank, bad bank" falls apart: report 2:29pm EDT

I think we headed towards a very interesting week. Not good for dollar. Longs probably in play this week. Lets see.
Happy trading all
  • #87,783
  • Sep 14, 2008 2:20pm Sep 14, 2008 2:20pm
Quoting nAVIN2007
layout wont make u money...F**k layout.....lol (just kidding) its all good
Nav said F**K!!! omg im very impressed! Welcome to the world of F**ked. we welcome you with open arms.
USD Est Non Mortuus
  • #87,784
  • Sep 14, 2008 2:34pm Sep 14, 2008 2:34pm
Quoting LuckyLurker
Nav said F**K!!! omg im very impressed! Welcome to the world of F**ked. we welcome you with open arms.
Just digging in the trenches like everyone else!
  • #87,785
  • Sep 14, 2008 3:15pm Sep 14, 2008 3:15pm
Quoting eohater
Here's my thought. We broke out of the original channel which has held since 31 July. Now that we've broken out, we should go back and test the original upper channel resistance which now becomes support. She can continue to work down the top side of the channel (RED LINE ON CHARTS). We came close the the 50% Retracement of 1.7423 (High of 2.1164 Nov 2007, Low of 1.3682 June 2001). I believe the rise on Friday was due to the Hurricane and unknown damage to refineries, bad economic data hitting stop losses, and the unknown about what the US Govt. will do to save Lehman Bros. Overall, I think we still need a fair test of the 50% Fib.
i have to agree. however i don't think we'll see a test of the 50 fib till later this week. i think we may see mixed tradeing early, perhaps a bit of profit taking at opening and rebounding here and there, but for sure that was not a true 50 fib test and GU will hit that at LEAST 1 more time.
  • #87,786
  • Sep 14, 2008 3:16pm Sep 14, 2008 3:16pm
Quoting LuckyLurker
Nav said F**K!!! omg im very impressed! Welcome to the world of F**ked. we welcome you with open arms.
  • #87,787
  • Sep 14, 2008 3:32pm Sep 14, 2008 3:32pm
hello dudes welcome back... tell me what you think and nav I tried to make some more lines and what not... I struggles making TL due to well the huge spike we had friday... let me know....
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Lets do this...
  • #87,788
  • Sep 14, 2008 3:43pm Sep 14, 2008 3:43pm
Quoting jcminvest
hello dudes welcome back... tell me what you think and nav I tried to make some more lines and what not... I struggles making TL due to well the huge spike we had friday... let me know....

yeah there fine only u could add a few more thou..for example ...good job thou man

have a look at my chart...the only difference is i zoomed right out and look at the big picture..
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  • #87,789
  • Sep 14, 2008 3:53pm Sep 14, 2008 3:53pm
Thanks NAV.... Im getting excited for this weekn but also trying to get myself mentally straight to be patient.
Lets do this...
  • #87,790
  • Sep 14, 2008 3:54pm Sep 14, 2008 3:54pm
...
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  • #87,791
  • Sep 14, 2008 3:57pm Sep 14, 2008 3:57pm
..
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  • #87,792
  • Sep 14, 2008 4:00pm Sep 14, 2008 4:00pm
Hey yall im back. Had a great weekend at the forex expo at the mandalay Bay in Vegas.


This week in trading is going to be really fun
  • #87,793
  • Sep 14, 2008 4:02pm Sep 14, 2008 4:02pm
30M Chart

Current Prince : 1.8051
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  • #87,794
  • Edited 4:13pm Sep 14, 2008 4:03pm | Edited 4:13pm
Quoting jcminvest
Thanks NAV.... Im getting excited for this weekn but also trying to get myself mentally straight to be patient.
be very carefull this week buddy no impulse buying or selling..this week going to be volatile

holly shit it shot up already and we just opened

u guys are qute are u all short or something?
  • #87,795
  • Sep 14, 2008 4:20pm Sep 14, 2008 4:20pm
im just sitting here waiting for my broker to open
Lets do this...
  • #87,796
  • Sep 14, 2008 4:22pm Sep 14, 2008 4:22pm
Quoting jcminvest
im just sitting here waiting for my broker to open
price jumped 100 pips on open....hectic stuff....i dont think this will sink at all ...the way its going anything can happen
  • #87,797
  • Sep 14, 2008 4:23pm Sep 14, 2008 4:23pm
you going to long?
Lets do this...
  • #87,798
  • Sep 14, 2008 4:24pm Sep 14, 2008 4:24pm
Gap UP!! +105 pips, and closed position open on friday's close!
  • #87,799
  • Sep 14, 2008 4:25pm Sep 14, 2008 4:25pm
i guess the chickens finally coming out to roost, investment banking coming insolvent, business models burnt out, first bear now lehman whose next?? merill??! melt down! will the FED save the day with a cut tuesday? lets see... markets pricing that in by looks of it...

expect gap opens, fast aggressive panicky moves now... potentially very profitally vice virsa...


good luck and happy trading to all
Trading is 80% Emotional, 20% Technical
  • #87,800
  • Sep 14, 2008 4:26pm Sep 14, 2008 4:26pm
Quoting jcminvest
you going to long?
hell no!!!...i aint entering unless i know what the hell is going on...and right now thats impossible...but i do believe this might go to the moon..
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