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Cable Update (GBPUSD)

  • #93,021
  • Edited 10:31pm Oct 21, 2008 10:20pm | Edited 10:31pm
Quoting gagakrimba
Anyone has any idea why this baby drop more than 800 pips since yesterday?
Where is it heading now?
Would like to know too...this move is really crazy. It s clear that central banks are playing right now...total manipulation of the market
  • #93,022
  • Oct 21, 2008 10:36pm Oct 21, 2008 10:36pm
Quoting emeric33
Would like to know too...this move is really crazy. It s clear that central banks are playing right now...total manipulation of the market
Another 100 pips gone in a jiffy
  • #93,023
  • Oct 21, 2008 10:50pm Oct 21, 2008 10:50pm
This is totally crazy! Where is bottom?
  • #93,024
  • Oct 21, 2008 10:55pm Oct 21, 2008 10:55pm
hmm, waiting to bounce to TL to short again
  • #93,025
  • Oct 21, 2008 10:57pm Oct 21, 2008 10:57pm
Quoting joeblack
hmm, waiting to bounce to TL to short again
Where is that?
  • #93,026
  • Oct 21, 2008 10:57pm Oct 21, 2008 10:57pm
1.64 done. Next stop for me 1.5970.
See you @ the next 3,000 pips. Maybe after Christmas.
Be careful guy and many pips for all you.
  • #93,027
  • Oct 21, 2008 11:07pm Oct 21, 2008 11:07pm
on 5 m TF, good to enter short with tight SL for a trend continuation.
on 4h TF, the TL act as major resistant now.

just my 2 cents
Attached Image(s) (click to enlarge)
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  • #93,028
  • Oct 21, 2008 11:10pm Oct 21, 2008 11:10pm
800 pips down..there should be a retrace...this is not going to move 2000 pips down without any retrace!!
  • #93,029
  • Oct 21, 2008 11:13pm Oct 21, 2008 11:13pm
Quoting emeric33
800 pips down..there should be a retrace...this is not going to move 2000 pips down without any retrace!!
You don't know that!
Just digging in the trenches like everyone else!
  • #93,030
  • Oct 21, 2008 11:15pm Oct 21, 2008 11:15pm
Quoting emeric33
800 pips down..there should be a retrace...this is not going to move 2000 pips down without any retrace!!
If someone had told you, when it was 2:1 to the dollar, it would be at 1.63 in 1.5 months, you wouldn't have believed that either.

Anything is possible. The way she is moving now...scary.
  • #93,031
  • Oct 21, 2008 11:18pm Oct 21, 2008 11:18pm
it's suicide jumping. no retrace.
  • #93,032
  • Oct 21, 2008 11:21pm Oct 21, 2008 11:21pm
Quoting emeric33
800 pips down..there should be a retrace...this is not going to move 2000 pips down without any retrace!!
Another 100 pips down !!!
No significant retrace yet.
  • #93,033
  • Oct 21, 2008 11:22pm Oct 21, 2008 11:22pm
I'm not going to take any positions untill there is some news from (BOE), Monetary Policy Committee (MPC) and see what the outcome is and how the pair will move.
  • #93,034
  • Oct 21, 2008 11:23pm Oct 21, 2008 11:23pm
damn, should close it at support lvl.
it bounce of 161.8 lvl
  • #93,035
  • Oct 21, 2008 11:24pm Oct 21, 2008 11:24pm
Is it going to move below 160 soon ?
  • #93,036
  • Oct 21, 2008 11:26pm Oct 21, 2008 11:26pm
Here's a recap of my trading yesterday. I hope this helps. I've added another MA it is the 21ema and I think I like it. It works alongside the 10ema. If anyone has any questions. Please ask.

Orange is the 10ema
Yellow is the 21ema
Red is the 35sma
Blue is the 50sma
Attached Image (click to enlarge)
Click to Enlarge Name: chart.JPG Size: 165 KB
Just digging in the trenches like everyone else!
  • #93,037
  • Oct 21, 2008 11:30pm Oct 21, 2008 11:30pm
yehaaa, no barrier at all. she just keep falling
  • #93,038
  • Oct 21, 2008 11:31pm Oct 21, 2008 11:31pm
I think no one can explain what is happening right now. Well just go with the flow, 200 pips made in less than 2 hrs.
  • #93,039
  • Oct 21, 2008 11:44pm Oct 21, 2008 11:44pm
You think North is approaching or the Bear's just resting?
  • #93,040
  • Oct 21, 2008 11:45pm Oct 21, 2008 11:45pm
Quoting fxpinoy
I think no one can explain what is happening right now. Well just go with the flow, 200 pips made in less than 2 hrs.
Must be something wrong somewhere...
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