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Cable Update (GBPUSD)

  • #96,961
  • Nov 11, 2008 8:22am Nov 11, 2008 8:22am
Quoting LuckyLurker
Crash, fall, plummet, head south .... go down

My friend told me something about "path to south", so this is what he mean.
Thanks alot ya~
  • #96,962
  • Nov 11, 2008 8:22am Nov 11, 2008 8:22am
Sell stop @ 5533. http://www.forexfactory.com/images/icons/icon14.gif
  • #96,963
  • Nov 11, 2008 8:23am Nov 11, 2008 8:23am
Quoting micho
daily 4h 1h all pointing down... but hey that doesnt mean go short from here
thanks, so you see it technically. I see.

I just was thinking about Oil and euro correlation. Oil is well correlated with the euro. We've seen a big fall in oil, and I don't think it has a big room to fall further. It will recover anyway and possible it will take up the euro because euro depends on oil. And as there is a positive correlation between euro and cable, it will give the support to cable. Cable already fell strongly. does anyone have ideas for cable for the long term? thx
  • #96,964
  • Nov 11, 2008 8:24am Nov 11, 2008 8:24am
it needs to break this support for me to short...
peircing pattern on 1hr rejecting a close below support..i see this as a test..
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  • #96,965
  • Nov 11, 2008 8:27am Nov 11, 2008 8:27am
Quoting micho
thats a tanked tank

Oh.... lmao

Ok i get it now, thanks alot
  • #96,966
  • Edited 8:39am Nov 11, 2008 8:28am | Edited 8:39am
I'll short after a bit up around 1.5605-1.5615, fibo 61.8 M1 last drop ! My score trade +4 - 2 sofar ! My system says should short now at the bottom, but I don't dare !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #96,967
  • Nov 11, 2008 8:29am Nov 11, 2008 8:29am
im starting to get nervous from this indecision
When life gives you lemons, make lemonade
  • #96,968
  • Nov 11, 2008 8:36am Nov 11, 2008 8:36am
Quoting micho
im starting to get nervous from this indecision
dont get nerous bro stick to the plan...i never entered since im not convienced the short will make it...but saying this is definately trying to go down
  • #96,969
  • Nov 11, 2008 8:38am Nov 11, 2008 8:38am
And boom right back to where we started this morning and my lowest entry is in the greeeennnn. After a little retracement to the 30's again, I'm thinking we'll actually start to move

My bad, im talking about the gbp/jpy here lol.
I dream, therefore I become.
  • #96,970
  • Nov 11, 2008 8:40am Nov 11, 2008 8:40am
Quoting micho
im starting to get nervous from this indecision
Hi there 29 year young micho !!

getting nervous too ..maybe silence before storm...

feels like decision time tank or back to1.5700 region before hedding south..
  • #96,971
  • Nov 11, 2008 8:43am Nov 11, 2008 8:43am
well i wanna short it but from 1.56 but will it reach there!!!
When life gives you lemons, make lemonade
  • #96,972
  • Edited 8:58am Nov 11, 2008 8:43am | Edited 8:58am
Quoting manize
I'll short after a bit up around 1.5605-1.5615, fibo 61.8 M1 last drop ! My score trade +4 - 2 sofar ! My system says should short now at the bottom, but I don't dare !
Damn it's right I miss the chance at least +30 pips gain !
Attached Image (click to enlarge)
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #96,973
  • Nov 11, 2008 8:46am Nov 11, 2008 8:46am
Quoting mike w
And boom right back to where we started this morning and my lowest entry is in the greeeennnn. After a little retracement to the 30's again, I'm thinking we'll actually start to move

My bad, im talking about the gbp/jpy here lol.

I was just getting happy and then I read the last line.......lol......nevertheless, down we go!!
  • #96,974
  • Nov 11, 2008 8:55am Nov 11, 2008 8:55am
this market drives me crazy...
want to get a short position, but i didn't have the guts to do it...
Money management is good for your health...
  • #96,975
  • Nov 11, 2008 8:57am Nov 11, 2008 8:57am
Quoting 13thheaven
this market drives me crazy...
want to get a short position, but i didn't have the guts to do it...

Hey dude, same here.... miss it again
  • #96,976
  • Nov 11, 2008 9:00am Nov 11, 2008 9:00am
short time.
Short @ 1.5535
  • #96,977
  • Nov 11, 2008 9:01am Nov 11, 2008 9:01am
Quoting gagakrimba
short time.
Short @ 1.5535

I will buy all you want to sell. Do we have a deal?
  • #96,978
  • Nov 11, 2008 9:03am Nov 11, 2008 9:03am
so much for my instincts...
  • #96,979
  • Nov 11, 2008 9:05am Nov 11, 2008 9:05am
Quoting gagakrimba
short time.
Short @ 1.5535
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #96,980
  • Nov 11, 2008 9:05am Nov 11, 2008 9:05am
1 word

Tank
Trade what you see, not what you think.
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