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Cable Update (GBPUSD)

  • #92,521
  • Oct 20, 2008 11:48am Oct 20, 2008 11:48am
longs at 7120 were stopped out at + 5.

It may be time for another short.
  • #92,522
  • Oct 20, 2008 11:51am Oct 20, 2008 11:51am
I'm long with a tight stop. I've made 291 pips so far today, so even if I get stopped out, it's all good. Seeing a possible retrace to 240 area.
  • #92,523
  • Oct 20, 2008 11:54am Oct 20, 2008 11:54am
Quoting spintrader
I'm long with a tight stop. I've made 291 pips so far today, so even if I get stopped out, it's all good. Seeing a possible retrace to 240 area.
yeah still holding my long trade. iwon't kill unless it brks 7100
  • #92,524
  • Oct 20, 2008 12:11pm Oct 20, 2008 12:11pm
vegas is a 2.5 hour flight from here and i would be more comfortable with the odds there...


betting on a retrace against the trend is so tempting after big moves

perhaps this time ????
  • #92,525
  • Oct 20, 2008 12:19pm Oct 20, 2008 12:19pm
Quoting allserene
vegas is a 2.5 hour flight from here and i would be more comfortable with the odds there...


betting on a retrace against the trend is so tempting after big moves

perhaps this time ????


Good to see you back.
  • #92,526
  • Oct 20, 2008 12:19pm Oct 20, 2008 12:19pm
Quoting allserene
vegas is a 2.5 hour flight from here and i would be more comfortable with the odds there...


betting on a retrace against the trend is so tempting after big moves

perhaps this time ????
on lookig for reversal
Jesus Christ is my only Lord !
  • #92,527
  • Oct 20, 2008 12:21pm Oct 20, 2008 12:21pm
Quoting Shilva


Good to see you back.
nice to see her back
Jesus Christ is my only Lord !
  • #92,528
  • Oct 20, 2008 12:26pm Oct 20, 2008 12:26pm
Hey guys what do you think of this analysis?

GBP-USD @ 1.7391/95... Support at 1.74
---------------------------------------
R: 1.7450 / 1.7500-20 / 1.7570
S: 1.7400 / 1.7300 / 1.7260 / 1.7220-00
Cable saw a sharp rise during the day and only after the rise met some Resistance at 1.7520 that the pair slipped lower once again. However, it continues to trade above the Resistance turned Support at 1.7420-00. As long as the pair trades above the mentioned Support, the pair could see a fresh rise towards 1.75.

A break below 1.74 could pressure the pair to dip lower towards 1.7200-7150. Overall the week could see further rise towards 1.77 on abreak of Resistance at 1.7500-20. To see the chart click on: http://www.kshitij.com/graphgallery/gbpcandle.shtml
  • #92,529
  • Oct 20, 2008 12:29pm Oct 20, 2008 12:29pm
To cut a losing long -30pips or hold... that is the question. Surely there are stops at 17100 waiting for triggers...
Ride the Bulls bearback!
  • #92,530
  • Oct 20, 2008 12:32pm Oct 20, 2008 12:32pm
I went insane and headed for the mountains, direction Tampa bay - got as far as Butte, Montana where there is a big sign saying 'jesus is lord in this valley'

I turned around quickly, and as the speed limit is 75, I got out of there pronto

Its like Teheran but with crucifixes

Unbelievers are buried up to their necks in sand and then cowboys ride past and try and rope your head while screaming 'jesus is lord in this valley' and 'someone gimme a marlborough'

gimme a herd of west coast lesbians any time

Anyway I got me a stack of oil shares last week and they are pretty perky, so now I have to figure out forex

That fact that shares are coming back so fast means its not 1929, its just a deep, long recession

Surely that means that the 'reserve currency' reason for the USD being so strong is not as meaningful as it was last week. Heck my british bank is safe-ish now the government is a 40% shareholder

In that case, fundamentally there should be rebound. We know that fun and mental cause more problems in day trading than anything else except the cat walking on the keyboard and placing a trillion $ position

But I want to be ready for it and place some positions with stop losses every time it dithers. I will pick up a few small losses but this picture can change in the shake of george michael's ding-a-ling
  • #92,531
  • Oct 20, 2008 12:34pm Oct 20, 2008 12:34pm
virtually is going south, and retest the bottom in this month
I Deeply Love My Virtual Life In Virtual World , RLC
  • #92,532
  • Oct 20, 2008 12:37pm Oct 20, 2008 12:37pm
Quoting peulthai
Hey guys what do you think of this analysis?

GBP-USD @ 1.7391/95... Support at 1.74
---------------------------------------
R: 1.7450 / 1.7500-20 / 1.7570
S: 1.7400 / 1.7300 / 1.7260 / 1.7220-00
Cable saw a sharp rise during the day and only after the rise met some Resistance at 1.7520 that the pair slipped lower once again. However, it continues to trade above the Resistance turned Support at 1.7420-00. As long as the pair trades above the mentioned Support, the pair could see a fresh rise towards 1.75.

A break below 1.74 could pressure the pair to dip lower towards 1.7200-7150. Overall the week could see further rise towards 1.77 on abreak of Resistance at 1.7500-20. To see the chart click on: http://www.kshitij.com/graphgallery/gbpcandle.shtml
supporting the long view,
but now it is hard to belive that after seeing so many sellers so active during last 4hrs we will be able to see so many big buyers within next hours,
but as far as I am usually wrong - especially last days - it can happen.
Jesus Christ is my only Lord !
  • #92,533
  • Oct 20, 2008 12:56pm Oct 20, 2008 12:56pm
Quoting notme32
virtually is going south, and retest the bottom in this month
i think the same
  • #92,534
  • Oct 20, 2008 1:05pm Oct 20, 2008 1:05pm
Quoting ExclusiveFX
i think the same
ultimately i agree with that, but just not at this moment. HAHA
  • #92,535
  • Oct 20, 2008 1:06pm Oct 20, 2008 1:06pm
Quoting dakrusha
ultimately i agree with that, but just not at this moment. HAHA
I further that!
Just digging in the trenches like everyone else!
  • #92,536
  • Oct 20, 2008 1:07pm Oct 20, 2008 1:07pm
Quoting eohater
I further that!
i knew you'd be along for the ride.

EDIT....I gotta send you another pic later, i found one in my stack of goodies that i forgot that i took. not only is she gorgeous, but it's an amazing shot too. Probably the best from that day.
  • #92,537
  • Oct 20, 2008 1:13pm Oct 20, 2008 1:13pm
Quoting dakrusha
i knew you'd be along for the ride.

EDIT....I gotta send you another pic later, i found one in my stack of goodies that i forgot that i took. not only is she gorgeous, but it's an amazing shot too. Probably the best from that day.


Sweet! I look forward to it! You take some awesome photos, there's no doubt you know what the hell your doing.
Just digging in the trenches like everyone else!
  • #92,538
  • Oct 20, 2008 1:15pm Oct 20, 2008 1:15pm
Quoting ExclusiveFX
i think the same
It's gearing up for the NORTH...
  • #92,539
  • Oct 20, 2008 1:16pm Oct 20, 2008 1:16pm
Quoting eohater


Sweet! I look forward to it! You take some awesome photos, there's no doubt you know what the hell your doing.

thx bro....i appreciate that. truly
  • #92,540
  • Oct 20, 2008 1:17pm Oct 20, 2008 1:17pm
Quoting peulthai
It's gearing up for the NORTH...

We'll see if she has the legs to stand...she is flopping over like she's totally hammered
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