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Cable Update (GBPUSD)

  • #93,701
  • Oct 24, 2008 4:29am Oct 24, 2008 4:29am
Quoting Big Blind
Hi everyone,
My system indicates that the rebound is for today or at least, GBP/USd will stop going south. It has reached a monthly oversold level that has always generated a pull back the last 30 years.This bottom is located at 1.5482. The unavoidable collapse of the dollar everyone has been talking about is about to start.
Sure, as soon as G.W. Bush becomes president for the third term.
  • #93,702
  • Oct 24, 2008 4:30am Oct 24, 2008 4:30am
Quoting PipGal
I know..but I missed the down move and want to enter a safe short, but now it is way too risky
Agree...I missed it, too..havenīt expected it to be honest and so I just left home in the morning without setting anything up....too bad...but hey...always new opportunities around...but over 400 Pip in an eyeblink...would have been great....
  • #93,703
  • Oct 24, 2008 4:31am Oct 24, 2008 4:31am
And Goodbye to 1.5400 hello 1.5300?
Take what you can... Give nothin back.
  • #93,704
  • Oct 24, 2008 4:32am Oct 24, 2008 4:32am
Cable go down the hooooolllllleeeeeee!!!
Don't Get Bitter, Get Better
  • #93,705
  • Oct 24, 2008 4:35am Oct 24, 2008 4:35am
Black Friday, here we come! Looks like the reasoning nowadays is - the higher the nation's interest rate, the more cuts to expect, the weaker the currency. Can GU reach parity by this time next week?
  • #93,706
  • Oct 24, 2008 4:35am Oct 24, 2008 4:35am
going down but for ao long?
EOHATER, GAGAKRIMBA, host of others...
  • #93,707
  • Oct 24, 2008 4:35am Oct 24, 2008 4:35am
damn, we'll see only 1 str8 line in the chart
  • #93,708
  • Oct 24, 2008 4:38am Oct 24, 2008 4:38am
Right! I'm done for the week, gonna make a nice withdrawal from my account now. Thanks for all the tips and chart posting. Good luck to you all, hope you managed to get in on some of that short actions.
Bye!
  • #93,709
  • Oct 24, 2008 4:41am Oct 24, 2008 4:41am
This is truly incredible, Dow futures are down 550 points already... I'm sure glad most of my money is in FDIC insured accounts.
  • #93,710
  • Edited 4:47am Oct 24, 2008 4:44am | Edited 4:47am
Originally Posted by Big Blind http://www.forexfactory.com/images/buttons/viewpost.gif
Hi everyone,
My system indicates that the rebound is for today or at least, GBP/USd will stop going south. It has reached a monthly oversold level that has always generated a pull back the last 30 years.This bottom is located at 1.5482. The unavoidable collapse of the dollar everyone has been talking about is about to start.


Hopefully the G/U knows that, too....then it would be time for long now...but after this mess, who trusts that the pairs do what they we think they should do?
  • #93,711
  • Oct 24, 2008 4:46am Oct 24, 2008 4:46am
Quoting 4rexLady_de
Originally Posted by Big Blind http://www.forexfactory.com/images/buttons/viewpost.gif
Hi everyone,
My system indicates that the rebound is for today or at least, GBP/USd will stop going south. It has reached a monthly oversold level that has always generated a pull back the last 30 years.This bottom is located at 1.5482. The unavoidable collapse of the dollar everyone has been talking about is about to start.


Hopefully the G/U knows that, too....
LOL!! If you're not in a short, best to stay away. These moves can make you rich but also kill your account
  • #93,712
  • Oct 24, 2008 4:49am Oct 24, 2008 4:49am
went short at 1.5820, did the thing of placing my sl at +2, but then I thought i was clever and put a 15 TS.

Got knocked on +16

Then I tried to re-enter, bloody stupid b### I am (no signal), and gave it all back on the short bounce of ą 10 seconds for -29.

Now I saw another entry at 1.5469 short, and do you think I will take it, no my brain said, it will not drop far.... and who wants to kick herself silly, it dropped to 1.5262.

  • #93,713
  • Oct 24, 2008 4:51am Oct 24, 2008 4:51am
Big jump 100 pips in less than 5 mins, are we heading north or just some retracement?
  • #93,714
  • Oct 24, 2008 4:52am Oct 24, 2008 4:52am
Quoting fxpinoy
Big jump 100 pips in less than 5 mins, are we heading north or just some retracement?
God knows. this is black friday in the markets for sure
  • #93,715
  • Oct 24, 2008 4:57am Oct 24, 2008 4:57am
A volatility of about 815 pips on GBP/USD in just few hours...

I am trying to imagine how much geniuses here are adepts of stupid idea of..."Donīt use SL"...
  • #93,716
  • Oct 24, 2008 4:59am Oct 24, 2008 4:59am
Quoting Jnita
went short at 1.5820, did the thing of placing my sl at +2, but then I thought i was clever and put a 15 TS.

Got knocked on +16

Then I tried to re-enter, bloody stupid b### I am (no signal), and gave it all back on the short bounce of ą 10 seconds for -29.

Now I saw another entry at 1.5469 short, and do you think I will take it, no my brain said, it will not drop far.... and who wants to kick herself silly, it dropped to 1.5262.

here is what I am refering to:
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 24 oct.gif Size: 18 KB
  • #93,717
  • Oct 24, 2008 5:00am Oct 24, 2008 5:00am
Quoting PipGal
LOL!! If you're not in a short, best to stay away. These moves can make you rich but also kill your account
Yep...I just lost some because of the unexpected...well, not killed yet though...hehehe...so the trading goes on...but, yep, I will stay away from G/U right now...who freaking knows, where this thing will go...yep, youīd say it more than time for a good retrace or even a trend change...but who knows..maybe it will keep falling all the way down to 1,30....
  • #93,718
  • Oct 24, 2008 5:04am Oct 24, 2008 5:04am
Quoting Jnita
went short at 1.5820, did the thing of placing my sl at +2, but then I thought i was clever and put a 15 TS.

Got knocked on +16

Then I tried to re-enter, bloody stupid b### I am (no signal), and gave it all back on the short bounce of ą 10 seconds for -29.

Now I saw another entry at 1.5469 short, and do you think I will take it, no my brain said, it will not drop far.... and who wants to kick herself silly, it dropped to 1.5262.

Thatīs why I HAVE to stay away because my thoughts are just like yours....and I donīt wonna burn my account totally...this is just nuts and I am pretty sure that even some of the big guys burned their fingers today...cause a move like this ( 1035 freaking pips down so far ) cannot be expected and some might have seen sort of a retracementchance at 1,60 already since it is a round number ( psycho spoken )
  • #93,719
  • Oct 24, 2008 5:13am Oct 24, 2008 5:13am
The "strength" of th dollar canīt be real anyway or why else would USD/JPY be falling like a rock?
  • #93,720
  • Edited 5:29am Oct 24, 2008 5:14am | Edited 5:29am
eohater,

so she is retracing now (GMT 10:15), if she retraces to the 10 ema on 15 min chart, and fails by closing a candle below it, would you then go short on the next candle open? or

if she does retrace to between the 10 ema and 35 sma, but fails to break through the 35 sma, would you then also short her on the next candle open?
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