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Cable Update (GBPUSD)

  • #88,981
  • Sep 24, 2008 4:01pm Sep 24, 2008 4:01pm
Quoting micho
hello guys
to everyone who is short, better set a trailing stop because 70 is a strong daily support
quite so - hopefully it will hang around here until after the hearings in the US after which there will be a huge sigh of relief and the stock mkt and USD will zoom up in triumph....

buddy can you lend a dime
  • #88,982
  • Sep 24, 2008 4:12pm Sep 24, 2008 4:12pm
Quoting micho
hello guys
to everyone who is short, better set a trailing stop because 70 is a strong daily support
it's just 23.6 fibo..

1.836 38.2 fibo.. so on.. on those level's we might see a bumb or two..

anyway..if the bail out it's approve.. u will count 1.87, 1.88, 1.89 and so on..

but if they borrow it from jpy .. gbp/jpy will fall and that will drive a major sell off of gbp.. i rally don't understand much of these fundamentlistic..

but i see some of us like allserene who tell us about how in deep .. it's gbp allsow...

if we want to see only the technicals level
we are bullish only h1,h4
and bearish daily, weekly
  • #88,983
  • Sep 24, 2008 4:52pm Sep 24, 2008 4:52pm
Quoting eye4spot
it's just 23.6 fibo..

1.836 38.2 fibo.. so on.. on those level's we might see a bumb or two..

anyway..if the bail out it's approve.. u will count 1.87, 1.88, 1.89 and so on..

but if they borrow it from jpy .. gbp/jpy will fall and that will drive a major sell off of gbp.. i rally don't understand much of these fundamentlistic..

but i see some of us like allserene who tell us about how in deep .. it's gbp allsow...

if we want to see only the technicals level
we are bullish only h1,h4
and bearish daily, weekly
Quoting BBPI_fxtrader
i would rather say 1.8450, but that's just my opinion, there's something about 50 or 500 that has an effect on currencies, stocks etc
it is the 23% fibonacci of the 4H down trend and the 61% of the daily up trend and its the daily that counts most (edited)
When life gives you lemons, make lemonade
  • #88,984
  • Sep 24, 2008 4:58pm Sep 24, 2008 4:58pm
oh boy wait, i was looking at the USDCAD chart and talking to you lol let me correct again

its the 23% of the last 4H up trend and the 38% of the daily up trend

i put it correctly now hehehe
When life gives you lemons, make lemonade
  • #88,985
  • Sep 24, 2008 5:07pm Sep 24, 2008 5:07pm
horrible little U shape forming on 5 minute
  • #88,986
  • Sep 24, 2008 5:20pm Sep 24, 2008 5:20pm
Quoting allserene
horrible little U shape forming on 5 minute
lol i like the word horrible
When life gives you lemons, make lemonade
  • #88,987
  • Sep 24, 2008 5:21pm Sep 24, 2008 5:21pm
Quoting allserene
quite so - hopefully it will hang around here until after the hearings in the US after which there will be a huge sigh of relief and the stock mkt and USD will zoom up in triumph....

buddy can you lend a dime
When life gives you lemons, make lemonade
  • #88,988
  • Sep 24, 2008 5:27pm Sep 24, 2008 5:27pm
wew the market got sleepy
When life gives you lemons, make lemonade
  • #88,989
  • Sep 24, 2008 5:53pm Sep 24, 2008 5:53pm
sleepy.. after short now long.. if we brake 1.85

i will long after a retest..

cheer up!
  • #88,990
  • Sep 24, 2008 5:58pm Sep 24, 2008 5:58pm
I like you, your funny... this world needs more people like you, just open and ok with it.. cheershttp://forexfactory.com/images/icons/icon14.gif

Quoting Chris_35
Just a little note to some of the guys in the UK. A thought about your wages as opposed to possible earnings from forex, just in case you havnt done the arithmetic already. A £50k annual income would give you a take home pay of £35,472 p/a
This equates to
1 £136 per day for a five day week over a 52 week period or

2 £154 per day for a five day week over a 46 week period ( 6weeks holiday)

You would of course be subject to Capital Gains tax but not if you were to enter your trades with a spread betting provider

So for a comfortable income with far fewer expenses being paid out, you dont have to try and hit all the big waves. But a steady in out 10 pips per trade profit, 10x a day at .3 lots. So for option 2 variations

300 pips a day at .1 lots
150 pips a day at .2 lots
100 pips a day at .3 lots

Each of these will give you a £50k gross income p/a dependent on exact GBP/USD exchange rate.

Does that seem like hard work to you??

If any of these calcs are a cock up I'm sure you guys will let me knowhttp://www.forexfactory.com/images/icons/icon10.gif
  • #88,991
  • Sep 24, 2008 6:34pm Sep 24, 2008 6:34pm
hurry sell the 15 minute is at resistance lol
  • #88,992
  • Sep 24, 2008 8:14pm Sep 24, 2008 8:14pm
Quoting allserene
thats 2k from everyone in the states (300 mill), and as the bottom half dont pay tax, its 4k from everyone over the poverty line

heck !
This short term fix can become long term problem...


Sonic
  • #88,993
  • Sep 24, 2008 8:36pm Sep 24, 2008 8:36pm
is it save to trade cable now? seem like the price entering the channel.
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"Invest With The Insiders, Not The Masses" George Muzea
  • #88,994
  • Edited 12:34am Sep 25, 2008 12:14am | Edited 12:34am
Quoting sonicdeejay
This short term fix can become long term problem...


Sonic
Might be right ! I've closed all short on BEP, +21 pis 1st short - 20 pips 2nd short. Waiting for a few minutes, on M1, 1.8578 is a strong support within 10 minutes. To confirm long trend, should move up in the area 1.8585 - 1.8615.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #88,995
  • Sep 25, 2008 12:34am Sep 25, 2008 12:34am
on eur/usd we have a break out and a test..

gbp will follow eur.. but still cand be a false breakouton eur/usd..

trying hard to break..
  • #88,996
  • Sep 25, 2008 1:09am Sep 25, 2008 1:09am
Who dare go long ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #88,997
  • Sep 25, 2008 1:17am Sep 25, 2008 1:17am
Quoting manize
Who dare go long ?
no way, i rather believe that itis a short spike up...before going back down...
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #88,998
  • Sep 25, 2008 1:22am Sep 25, 2008 1:22am
Quoting got pips?
no way, i rather believe that itis a short spike up...before going back down...
Me too, but if move up more than 1.8615 maybe I'll do long.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #88,999
  • Sep 25, 2008 1:32am Sep 25, 2008 1:32am
In my opinion, we at the top of the range on the 1hr and 4 hr chart, possible short time now.
Keep It Simple Stupid
  • #89,000
  • Sep 25, 2008 1:35am Sep 25, 2008 1:35am
Quoting Alastair
In my opinion, we at the top of the range on the 1hr and 4 hr chart, possible short time now.
overall..t trend is up...
but depend on what TF u r lookin at,,


Sonic
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