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Cable Update (GBPUSD)

  • #88,341
  • Sep 17, 2008 1:22pm Sep 17, 2008 1:22pm
Quoting cesarg
yeah that is an agressive and risky trade.... to take it is almost suicide and I kill myself too many times before...
Safer target would be the 15m 50 ema.
Just digging in the trenches like everyone else!
  • #88,342
  • Sep 17, 2008 1:27pm Sep 17, 2008 1:27pm
Gold still pushing like hell... i believe is trying to knock on the face to bernanke... (today US print 50 b on treasure bonds at short term) ... TOO MUCH
  • #88,343
  • Sep 17, 2008 1:27pm Sep 17, 2008 1:27pm
Quoting roslan1984
what chart software you using ?

I G Markets in the UKhttp://www.igmarkets.co.uk/?QPID=114&QPPID=3
  • #88,344
  • Sep 17, 2008 1:31pm Sep 17, 2008 1:31pm
Quoting zass
confirmation??
Did you see it? I did!
Just digging in the trenches like everyone else!
  • #88,345
  • Sep 17, 2008 1:33pm Sep 17, 2008 1:33pm
Quoting eohater
Did you see it? I did!
i didnt see it lol..new ere..hope can learn fast..
  • #88,346
  • Sep 17, 2008 1:41pm Sep 17, 2008 1:41pm
Quoting eohater
If someone wants to be really agressive, they can target the 50ema on the 4h at 1.7853 currently. That would be a hell of a move back down.
no shit....remember bro the 150 ema is right under the price...it will have a hell of a job trying to pass that
  • #88,347
  • Sep 17, 2008 1:42pm Sep 17, 2008 1:42pm
Gbp/Usd

Chart Update :

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Click to Enlarge Name: GBP-09-17-2008-#2.gif Size: 24 KB
  • #88,348
  • Sep 17, 2008 1:43pm Sep 17, 2008 1:43pm
Quoting nAVIN2007
no shit....remember bro the 150 ema is right under the price...it will have a hell of a job trying to pass that
No worries bro! I'm locked in with profit.
Just digging in the trenches like everyone else!
  • #88,349
  • Sep 17, 2008 1:44pm Sep 17, 2008 1:44pm
Nasdaq is down, over 98 points today ............!

a very dramatic decline ,

When is the relief effort going to get here ?

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  • #88,350
  • Sep 17, 2008 1:45pm Sep 17, 2008 1:45pm
Quoting marketwavez
Gbp/Usd

Chart Update :

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great analysis as usaul
  • #88,351
  • Sep 17, 2008 1:50pm Sep 17, 2008 1:50pm
Quoting nAVIN2007
great analysis as usaul
I agree you have done good analysis there.

However, the recent spike up was just a breakout trade and i'm not convinced we are in an uptrend yet. The downtrend is very much still in play and i expect to see a test of 1.77xx.
"The trend is your friend, until the end."
  • #88,352
  • Sep 17, 2008 1:58pm Sep 17, 2008 1:58pm
There was a large GBP purchase this afternoon, around a "yard". This drove the pound upward and put pressure on the dollar. As such, the pound and Euro may gather their own steam for rallies.

This info came from IFR.
  • #88,353
  • Sep 17, 2008 1:59pm Sep 17, 2008 1:59pm
Quoting ForexRookie
I agree you have done good analysis there.

However, the recent spike up was just a breakout trade and i'm not convinced we are in an uptrend yet. The downtrend is very much still in play and i expect to see a test of 1.77xx.
We hit 177xx then I will be dancing in the street http://www.forexfactory.com/images/icons/icon6.gif
  • #88,354
  • Sep 17, 2008 2:06pm Sep 17, 2008 2:06pm
short:

1.8060/1.8160/1.8230

realy i don`t know how i did it but i will ride it till the end..

crazy but ...

wish me luck...
  • #88,355
  • Sep 17, 2008 2:11pm Sep 17, 2008 2:11pm
Quoting nAVIN2007
no shit....remember bro the 150 ema is right under the price...it will have a hell of a job trying to pass that
That didn't seem to be too much of a problem. Still short with profit's secured targeting the 15m 50 ema.
Just digging in the trenches like everyone else!
  • #88,356
  • Sep 17, 2008 2:13pm Sep 17, 2008 2:13pm
Welcome 1.6xxx
There is no spoon ................
  • #88,357
  • Sep 17, 2008 2:17pm Sep 17, 2008 2:17pm
Quoting belidax
Welcome 1.6xxx
u must be crazy!

i doubt it bro
  • #88,358
  • Sep 17, 2008 2:23pm Sep 17, 2008 2:23pm
Quoting belidax
Welcome 1.6xxx

I want what your smokin!
Just digging in the trenches like everyone else!
  • #88,359
  • Sep 17, 2008 2:23pm Sep 17, 2008 2:23pm
Quoting belidax
Welcome 1.6xxx

do you mean EurCad?
  • #88,360
  • Sep 17, 2008 2:25pm Sep 17, 2008 2:25pm
Quoting Infinity
I am not so sure we are going to make a new low anytime soon ... I would like to see another test of the 4h 50ema... that will give me a better idea what will happen but for now.. we just had a bounce down off the weekly 5sma and a bounce up off the weekly 365sma which was also the 4h 50ema. I think we are going to see 8350 soon.... I could be wrong...
It's on the way.....
Attached Image (click to enlarge)
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