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Cable Update (GBPUSD)

  • #94,981
  • Oct 31, 2008 3:34am Oct 31, 2008 3:34am
Quoting nAVIN2007
same here..
and yesterday as well i was asleep when the price touched the 1.6650
When life gives you lemons, make lemonade
  • #94,982
  • Oct 31, 2008 3:37am Oct 31, 2008 3:37am
Where do you guys think the GBP/USD will go within the next 6 months?
Probability Professor
  • #94,983
  • Oct 31, 2008 3:43am Oct 31, 2008 3:43am
Quoting micho
and yesterday as well i was asleep when the price touched the 1.6650
i actually havent placed trade the whole week
  • #94,984
  • Oct 31, 2008 3:43am Oct 31, 2008 3:43am
I think we'll retest 1.75 in November and then dump to the 1.50's during the first quarter of '09
What's that smell?
  • #94,985
  • Oct 31, 2008 3:50am Oct 31, 2008 3:50am
My impressions are that we will test around 1.75, even up to 1.8 before Christmas, then by March it could even fall to about 1.3 to 1.4. What do you think?
Probability Professor
  • #94,986
  • Oct 31, 2008 3:55am Oct 31, 2008 3:55am
I have the 16120-ish level as one of the hardest to crack. 38.2 Fibo on the major fall, and it has been used as support and resistance on the 4Hr several times. I reckon she will go and fetch her friends at the 15m 62MA and come back to kick it's ass. And I think she will kick it hard when she does...

With all the rates talk I also believe that on a fundamental level the shorts are in order today. Nikkei took a beating again and Dow futures are slipping.
Ride the Bulls bearback!
  • #94,987
  • Oct 31, 2008 4:01am Oct 31, 2008 4:01am
Quoting Galation
Where do you guys think the GBP/USD will go within the next 6 months?

wow buddy cant tell ....look how far we had come in just the last 6 months...if you would ve told me back in july that the prices were going to drop this low...i would ve probably laugh. right now this market is very crazy and i believe the end is no were to be found....
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #94,988
  • Oct 31, 2008 4:01am Oct 31, 2008 4:01am
or the 50 fibo from the last fall. I'm Short from 16245
Ride the Bulls bearback!
  • #94,989
  • Oct 31, 2008 4:02am Oct 31, 2008 4:02am
I reckno at this rate we will either be at 1.000 or 2.000....

Quoting got pips?
wow buddy cant tell ....look how far we had come in just the last 6 months...if you would ve told me back in july that the prices were going to drop this low...i would ve probably laugh. right now this market is very crazy and i believe the end is no were to be found....
Ride the Bulls bearback!
  • #94,990
  • Oct 31, 2008 4:16am Oct 31, 2008 4:16am
Quoting Galation
Where do you guys think the GBP/USD will go within the next 6 months?
i have no idea
When life gives you lemons, make lemonade
  • #94,991
  • Oct 31, 2008 4:16am Oct 31, 2008 4:16am
Quoting got pips?
wow buddy cant tell ....look how far we had come in just the last 6 months...if you would ve told me back in july that the prices were going to drop this low...i would ve probably laugh. right now this market is very crazy and i believe the end is no were to be found....
yes its unbelieveable unless your here to witness it...long time no see ..hope all is well with u bro?
  • #94,992
  • Oct 31, 2008 4:17am Oct 31, 2008 4:17am
Quoting alcando
I reckno at this rate we will either be at 1.000 or 2.000....
Maybe we'll see both trade in the same month. I needed the laugh, thanks.
What's that smell?
  • #94,993
  • Oct 31, 2008 4:19am Oct 31, 2008 4:19am
Quoting alcando
I have the 16120-ish level as one of the hardest to crack. 38.2 Fibo on the major fall, and it has been used as support and resistance on the 4Hr several times. I reckon she will go and fetch her friends at the 15m 62MA and come back to kick it's ass. And I think she will kick it hard when she does...

With all the rates talk I also believe that on a fundamental level the shorts are in order today. Nikkei took a beating again and Dow futures are slipping.
no actually 1.6139 is the 38% of the up trend and 1.6123 is the 38% of the big down trend... it is going up because of the buy orders around 1.6139

usually buys are not triggered at 1.6123, they are triggered on the 38% of the up trend. 1.6123 is just a strong support but not the toughest. it is still strong because the uptrend was somehow strong and it keeps bouncing off 1.6139
When life gives you lemons, make lemonade
  • #94,994
  • Oct 31, 2008 4:19am Oct 31, 2008 4:19am
Quoting nAVIN2007
i actually havent placed trade the whole week
why?
When life gives you lemons, make lemonade
  • #94,995
  • Oct 31, 2008 4:21am Oct 31, 2008 4:21am
now possible retracement to 1.6310, then fall again... but who knows what happens?? today is friday and uncle benny is on tv tonight
When life gives you lemons, make lemonade
  • #94,996
  • Oct 31, 2008 4:42am Oct 31, 2008 4:42am
Dont think we can 1.5XXX.
Not today at least
  • #94,997
  • Oct 31, 2008 4:44am Oct 31, 2008 4:44am
Quoting micho
why?
i wanna reduce my lot size in this market..its to volatile and my funds have depleted from 3k to 1.765k so now i wanna reduce it and play dailly only or higher but i need to reduce my risks...trade at 1% risk
till i build my shit up
  • #94,998
  • Oct 31, 2008 4:44am Oct 31, 2008 4:44am
Quoting micho
and yesterday as well i was asleep when the price touched the 1.6650
hi micho my main man good morning,hope u are getting all them pips,so today going to be like,it surely look bearish to me,a little analysing me bro.thanks your no 1 fan.
  • #94,999
  • Oct 31, 2008 4:51am Oct 31, 2008 4:51am
Quoting nAVIN2007
i wanna reduce my lot size in this market..its to volatile and my funds have depleted from 3k to 1.765k so now i wanna reduce it and play dailly only or higher but i need to reduce my risks...trade at 1% risk
till i build my shit up
but you can still play with 0.1 lot
When life gives you lemons, make lemonade
  • #95,000
  • Oct 31, 2008 4:53am Oct 31, 2008 4:53am
Cheers, that makes sense
I am here for the education...



Quoting micho
no actually 1.6139 is the 38% of the up trend and 1.6123 is the 38% of the big down trend... it is going up because of the buy orders around 1.6139

usually buys are not triggered at 1.6123, they are triggered on the 38% of the up trend. 1.6123 is just a strong support but not the toughest. it is still strong because the uptrend was somehow strong and it keeps bouncing off 1.6139
Ride the Bulls bearback!
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