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Cable Update (GBPUSD)

  • #90,701
  • Oct 8, 2008 11:02am Oct 8, 2008 11:02am
Quoting Turtle
Would love to see her test 7400 again!

HOLLA
same here
Trading is 80% Emotional, 20% Technical
  • #90,702
  • Edited 11:53am Oct 8, 2008 11:18am | Edited 11:53am
wut up everybody!!!??? i missed that big drop last night. i was believin we'd see 72 sooner or later. i'm long at 295 TP 415...

EDIT....SL'd at BE

EDIT II...Re-entered long 286..TP 415
  • #90,703
  • Oct 8, 2008 11:47am Oct 8, 2008 11:47am
Quoting dakrusha
wut up everybody!!!??? i missed that big drop last night. i was believin we'd see 72 sooner or later. i'm long at 295 TP 415...

EDIT....SL'd at BE

Big Drop didnt start last nite, it started at 8am est.
  • #90,704
  • Oct 8, 2008 11:48am Oct 8, 2008 11:48am
Quoting emeric33
why this shit gbp going down? Is it manipulated by the central banks?

not really, the central are just manipulating you..........
  • #90,705
  • Oct 8, 2008 11:53am Oct 8, 2008 11:53am
Something that results very important for the fundamental analysis is that the IMF made a point about the UK, together with Ireland and Spain, as especially vulnerable to a housing market crash, saying it has experienced larger “unexplained” increase in house prices over the past decade. It added that the Treasury is entering the downturn with the public finances in a weaker state than at the time of the dotcom collapse, leaving Alistair Darling less scope to use fiscal policy to prop up the economy.
  • #90,706
  • Oct 8, 2008 11:53am Oct 8, 2008 11:53am
hi cable room

as always the down trend is rule cable&euro

as shown in my charts my targets get hit one after one .
the second breakout happened to up trend line as shown in my charts indicate massive move to the down from months ago .

untill now almost 1500 pips and counting.

to me i not focus on part of the paint and leave the more important parts,

the important part is the trend is down so why waiting for retrace may or maynot happen.

as you see in my weekly chart the down trend give me this week more than 400 pips.

as you see i love to be in the safe side

the red arrows show my future targets

have fun partners.
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  • #90,707
  • Oct 8, 2008 11:54am Oct 8, 2008 11:54am
Quoting AmeriTrini
Big Drop didnt start last nite, it started at 8am est.
well it was morn for sure, but i was still crashed so it was still night for me..HAHAhttp://www.forexfactory.com/images/icons/icon10.gif
  • #90,708
  • Oct 8, 2008 12:02pm Oct 8, 2008 12:02pm
Quoting Marcuse
Something that results very important for the fundamental analysis is that the IMF made a point about the UK, together with Ireland and Spain, as especially vulnerable to a housing market crash, saying it has experienced larger “unexplained” increase in house prices over the past decade. It added that the Treasury is entering the downturn with the public finances in a weaker state than at the time of the dotcom collapse, leaving Alistair Darling less scope to use fiscal policy to prop up the economy.
Does that mean that england is just about to crash totally, and the whole country going bankrupted?
  • #90,709
  • Oct 8, 2008 12:05pm Oct 8, 2008 12:05pm
Quoting emeric33
Does that mean that england is just about to crash totally, and the whole country going bankrupted?
that's wut i been sayin for a while..
UK is HURTIN in a big way.
A couple guys here that live in the UK have posted it too.
That's one of the reasons that the USD is kikin butt all over the pound.
Even though our Econ sux, theirs is worse and every pip we gain, they are losing more and more.

They are looking at a country wide implossion of which they have never seen.
  • #90,710
  • Oct 8, 2008 12:09pm Oct 8, 2008 12:09pm
LIVE TRADES!!
i recently switched to Alpari as my broker.
So far i am quite happy with their fills and closes, there seems to be no lag at all.
I just now open my live account on my phone. Something i've been thinking of doing but have been hesitant.
My old MT4 on my phone was slow just like their regular demo, but Alpari is still VERY fast. Sure i'm right next to at wireless router so it should be, but in the same spot on MT4 demo, it was still very slow.

just wanted to throw that info out to anybody looking to trade on MT4 smartphone software. the platform is solid, and it's even better on a live account.

you can buy the software from MT4 for about 40 USD, but Alpari GIVES IT AWAY...even for a demo acct!
  • #90,711
  • Oct 8, 2008 12:09pm Oct 8, 2008 12:09pm
Quoting eohater
Call my crazy but I opened a long at 1.7309.
I want to see 1.74
Just digging in the trenches like everyone else!
  • #90,712
  • Oct 8, 2008 12:16pm Oct 8, 2008 12:16pm
Quoting eohater
I want to see 1.74
I want to see $1.0
that way when i travel to england it won't be so expensive
  • #90,713
  • Oct 8, 2008 12:16pm Oct 8, 2008 12:16pm
Quoting eohater
I want to see 1.74
U B CRAZY BEOTCH!!!!!

i'm long too at 286...strong S/R up at 7420ish
  • #90,714
  • Oct 8, 2008 12:20pm Oct 8, 2008 12:20pm
Quoting dengzhi
I want to see $1.0
that way when i travel to england it won't be so expensive
Parity would be nice! I'll be shorting her ass all the way there!
Just digging in the trenches like everyone else!
  • #90,715
  • Oct 8, 2008 12:21pm Oct 8, 2008 12:21pm
Quoting dakrusha
U B CRAZY BEOTCH!!!!!

i'm long too at 286...strong S/R up at 7420ish
Your just a crazy! Your long with me and so are alot of people. It's Wed and triple swap interest. She could rise until the close of the US Session then drop again like a brick!

EDIT: Nice entry!
Just digging in the trenches like everyone else!
  • #90,716
  • Oct 8, 2008 12:29pm Oct 8, 2008 12:29pm
Quoting eohater
Your just a crazy! Your long with me and so are alot of people. It's Wed and triple swap interest. She could rise until the close of the US Session then drop again like a brick!

EDIT: Nice entry!
My damn FXCM account is showing swap of -8 both long and short...
Patience + Discipline - Greed = Success
  • #90,717
  • Oct 8, 2008 12:30pm Oct 8, 2008 12:30pm
Quoting eohater
Your just a crazy! Your long with me and so are alot of people. It's Wed and triple swap interest. She could rise until the close of the US Session then drop again like a brick!

EDIT: Nice entry!
yeah i could go for some easy money from swap..

incidentally, i added a 50 SMA and a 50 EMA to my 5M chart.
it has a great tendancy to show a reversal occurring while AND before it's happening.
it's a simple cross over is all but it tends to be powerful, at least this week, we'll see in a couple weeks when it slows down a bit.
  • #90,718
  • Oct 8, 2008 12:31pm Oct 8, 2008 12:31pm
Quoting Infinity
My damn FXCM account is showing swap of -8 both long and short...
THOSE BASTARDS!!!
that's yet one more reason i killed my FXCM acct.
  • #90,719
  • Oct 8, 2008 12:33pm Oct 8, 2008 12:33pm
Quoting Infinity
My damn FXCM account is showing swap of -8 both long and short...

WOW! I bet you'll be closed before the end of the US Session. I know I will! New seats always await on the other side!
Just digging in the trenches like everyone else!
  • #90,720
  • Oct 8, 2008 12:36pm Oct 8, 2008 12:36pm
think i may get SL'd here..i hope not...i like my entry and i wanna see a million pips on this trade, i wanna retire tomorrow
my Para SAR shows my support at 285. one pip below my entry..hmmmmm

EDIT...my price shows a low of 288 on this 5M candle...just squeeked by!! WOO HOO
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