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Cable Update (GBPUSD)

  • #93,361
  • Oct 23, 2008 5:50am Oct 23, 2008 5:50am
it feels like such a relieve ....i actually feel good
  • #93,362
  • Oct 23, 2008 5:51am Oct 23, 2008 5:51am
Quoting spintrader
the volatility right now is crazy. It's like a constant fight between the bears and bulls- up down up down etc.
I'm in the bear camp, I want to see 1.5500!
?????
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  • #93,363
  • Oct 23, 2008 5:54am Oct 23, 2008 5:54am
Does anyone have an opinion on where the old girl is head now.... She's been camping around this price for a while and it seems like she is either likely to follow th oversold condition and gain ground so that the US traders can destroy here later, or waht?? How do you read this action or lack of it?
Ride the Bulls bearback!
  • #93,364
  • Edited 6:02am Oct 23, 2008 6:00am | Edited 6:02am
Quoting alcando
Does anyone have an opinion on where the old girl is head now.... She's been camping around this price for a while and it seems like she is either likely to follow th oversold condition and gain ground so that the US traders can destroy here later, or waht?? How do you read this action or lack of it?
but I am also very interested in it,
I am observing eur/usd now
on 30 min chart it has broken down after some hours
so I would expect this direction move here also
Jesus Christ is my only Lord !
  • #93,365
  • Oct 23, 2008 6:11am Oct 23, 2008 6:11am
GU m15
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  • #93,366
  • Oct 23, 2008 6:22am Oct 23, 2008 6:22am
Quoting nAVIN2007
it feels like such a relieve ....i actually feel good
i hear ya
When life gives you lemons, make lemonade
  • #93,367
  • Oct 23, 2008 6:25am Oct 23, 2008 6:25am
hi traders

i sent here from two weeks ago my calls for euro+cable
i forecast the continuation of the down trend.
another breakout confirm the down trend in both euro and British pound.


euro+cable:

i opened one short position @ 1.4700 area in euro & @ 1.74.xx in cable
and price now almost 2000 pip profit in each.


i like to thanks all other great traders to give me the chance to see my targets come true .
so the question now where the price is going?
the answer in the trend
the trend is down i wait for another 1000 pip before i close my positions.
as i said before no matter price go up will fall like rock
coz the trend is down
i hope you great traders have fun with price coz i already did..hahaha
and don't forget the fundamental aspect!!!!!
and to be clear to you
all the buyers and the sellers are here in those threads and you know the forex basic rule
only 20% win and the other 80% loss
so try to figure it out by your mind
yea they fool you and Robb your money
they said the price is going up and you will find the price is going down and visa verse,try to observe and make your mind work
in threads we call this move the {news}.

and i tried to warn you from time ago by sending the trend direction , i hope i did my part by good way.
have fun traders.
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  • #93,368
  • Oct 23, 2008 6:25am Oct 23, 2008 6:25am
i can hardly believe the USDCAD
it is flying
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When life gives you lemons, make lemonade
  • #93,369
  • Oct 23, 2008 6:43am Oct 23, 2008 6:43am
Quoting micho
i can hardly believe the USDCAD
it is flying
good photo
  • #93,370
  • Oct 23, 2008 6:52am Oct 23, 2008 6:52am
down
Jesus Christ is my only Lord !
  • #93,371
  • Oct 23, 2008 6:55am Oct 23, 2008 6:55am
Quoting nAVIN2007
....interest rate cut was finishing me off....

!
I know how you feel. Interest rate is killing me (not really but it hurts)
I would close my positions if I wasn't a few thousand pips in profit with some more room to the downside.
Just Trade It
  • #93,372
  • Oct 23, 2008 7:06am Oct 23, 2008 7:06am
Todays low is 1.6159 earlier,if it breaks that line let's slide down with them ok weeeeee
  • #93,373
  • Oct 23, 2008 7:07am Oct 23, 2008 7:07am
do u guys approach the bank to make deposit for trading..as in get loan to trade?
men.....i break into piecrs if i try dat in nigeria.
  • #93,374
  • Oct 23, 2008 7:35am Oct 23, 2008 7:35am
Quoting LuckyLurker
6060 .. ill actually set tp at 6036 case it overshoots.
there's 6060
USD Est Non Mortuus
  • #93,375
  • Oct 23, 2008 7:40am Oct 23, 2008 7:40am
trip south
Jesus Christ is my only Lord !
  • #93,376
  • Oct 23, 2008 7:51am Oct 23, 2008 7:51am
wow, what a week for poor old sterling!!!

complete reverse moves the past 5 years worth of excess, everything deleaverging, stocks, commds, fx - leading to dollar strength, test of 2003 lows seems immenint over time
Trading is 80% Emotional, 20% Technical
  • #93,377
  • Oct 23, 2008 8:23am Oct 23, 2008 8:23am
so guys is the cable still going down cos am selling any way tp 80 pips
  • #93,378
  • Oct 23, 2008 8:26am Oct 23, 2008 8:26am
any advice from the pros?????
  • #93,379
  • Oct 23, 2008 8:26am Oct 23, 2008 8:26am
Quoting enoh james a
so guys is the cable still going down cos am selling any way tp 80 pips
Yea I think she is going to settle in for a bit 300 pips movement in 2 1/2 hrs.
  • #93,380
  • Oct 23, 2008 8:28am Oct 23, 2008 8:28am
The past 2 1/2 i mean
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