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Cable Update (GBPUSD)

  • #97,221
  • Nov 11, 2008 3:52pm Nov 11, 2008 3:52pm
Quoting bullrock
How about 1:1 euro. I have travelled last week to Nigeria... I have run out of funds.

It's not impossible it really isnt - euro is totally untested as a cohesive currency in a vicious recession which is not even across the constituent states

The uk would have been really stuffed had it gone into the euro - not that it isnt stuffed anyway - but it would have been more stuffed !

How come all the houses on rightmove are even more expensive than they were a year ago ? I dont trust the stats. I reckon the UK housing market is stagnated but prices are not dropping that much - everyone is trying to sit it out

euro at 1:1 HUM that's some t/p..... hum... it might !
  • #97,222
  • Nov 11, 2008 3:53pm Nov 11, 2008 3:53pm
Very clicky forum ,if i said sell you would all jump at the chance.
Newbys beware ,this is like following sheep blar blar .
Can we get down to the real business of making pips and not trying to make out we are all experts at this game because where not ,where just sheep following the trend !
Enough Said!
  • #97,223
  • Nov 11, 2008 3:59pm Nov 11, 2008 3:59pm
Quoting eohater
Cool! My youngest is 10months old and my oldest is 3 1/2y.

Family has to be #1. If it's not, priorities need to be evaluated. I've made some good money in my life and I would give it all away if it meant saving my family.
nice bro, I'm with you on that one, you gotta just love the sreaming don't you? lol I just laugh it is much better than getting stressed!!

surely that last 15m candle is signalling for a bit of upside, though I don't think it'll go far
please DON'T copy my trades I am still learning
  • #97,224
  • Nov 11, 2008 4:02pm Nov 11, 2008 4:02pm
Quoting ezmystic
nice bro, I'm with you on that one, you gotta just love the sreaming don't you? lol I just laugh it is much better than getting stressed!!

surely that last 15m candle is signalling for a bit of upside, though I don't think it'll go far
Bro! My youngest was 8 weeks premature. She screamed night/day non-stop for the first 3 months of her life. I'm numb at this point to the screaming. She's finally a happy baby and you wouldn't know it to look at her that she was premature.

I'm not against her going back up. I'm thinking she will eventually, but we need to see how the other markets are acting.

I'll be on during the middle of the Asian session to see where price has moved to. Like I said before, I'm short and covered. If she does fall, then good, if she doesn't, then fine, my SL will cover me. I'll find a new entry no matter which direction she goes.
Just digging in the trenches like everyone else!
  • #97,225
  • Nov 11, 2008 4:03pm Nov 11, 2008 4:03pm
Quoting Tvrspeed12
Very clicky forum ,if i said sell you would all jump at the chance.
Newbys beware ,this is like following sheep blar blar .
Can we get down to the real business of making pips and not trying to make out we are all experts at this game because where not ,where just sheep following the trend !
Enough Said!

Clicky or cliquey ?

probably both as everyone is clicking away trying to catch a few pips here and there - but the cliques are time zone cliques so they come and go over the 24 hours...

the sheep don't last long as they climb aboard just as it swings back
  • #97,226
  • Nov 11, 2008 4:04pm Nov 11, 2008 4:04pm
I'm outta here everyone! See you all during the middle of the Asian session. Family time is about to begin and I can't wait!!!!

Trade well everyone and make some pips!
Just digging in the trenches like everyone else!
  • #97,227
  • Nov 11, 2008 4:09pm Nov 11, 2008 4:09pm
Quoting allserene
Clicky or cliquey ?

probably both as everyone is clicking away trying to catch a few pips here and there - but the cliques are time zone cliques so they come and go over the 24 hours...

the sheep don't last long as they climb aboard just as it swings back
clique (klhttp://img.tfd.com/hm/GIF/emacr.gifk, klhttp://img.tfd.com/hm/GIF/ibreve.gifk)
n. A small exclusive group of friends or associates

Thought as much!
  • #97,228
  • Nov 11, 2008 4:21pm Nov 11, 2008 4:21pm
Quoting nAVIN2007
glad to hear all is ok bud
i just took a short ...i hope this baby break down 10p a pip cant go wrong i hope
cheers bro, hope your doing well on your account now, I best it's much less stressful.
please DON'T copy my trades I am still learning
  • #97,229
  • Nov 11, 2008 4:26pm Nov 11, 2008 4:26pm
Quoting Tvrspeed12
clique (klhttp://img.tfd.com/hm/GIF/emacr.gifk, klhttp://img.tfd.com/hm/GIF/ibreve.gifk)
n. A small exclusive group of friends or associates

Thought as much!
hey bro, all and anyone is welcome here, discussion is what we're here for and anyone can join. came and be welcome all you pipcollectors!!
please DON'T copy my trades I am still learning
  • #97,230
  • Nov 11, 2008 5:10pm Nov 11, 2008 5:10pm
Quoting nAVIN2007
where do u think she is going i just went short!....

you know im bias too the longside nothing has changed that.
  • #97,231
  • Nov 11, 2008 5:39pm Nov 11, 2008 5:39pm
gbp/usd - RSI turning support signal daily - target 1,5650
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.jpg Size: 124 KB
Twitter: Forexlivetrade - Buy: AFFI.CPH ISIN: DK0015966592 - target 12 DKK
  • #97,232
  • Nov 11, 2008 5:53pm Nov 11, 2008 5:53pm
Add another short @ 1.5355.
This baby is going down hard guys
I'm hoping to see 1.49XX
  • #97,233
  • Nov 11, 2008 5:54pm Nov 11, 2008 5:54pm
Quoting allserene
It's not impossible it really isnt - euro is totally untested as a cohesive currency in a vicious recession which is not even across the constituent states

The uk would have been really stuffed had it gone into the euro - not that it isnt stuffed anyway - but it would have been more stuffed !

How come all the houses on rightmove are even more expensive than they were a year ago ? I dont trust the stats. I reckon the UK housing market is stagnated but prices are not dropping that much - everyone is trying to sit it out

euro at 1:1 HUM that's some t/p..... hum... it might !
Good evening pippers. Ive just logged on (in UK) to catch up with the day & to learen a few more tech tips. With US being on Bank Hol, I expected a sideways day.

Anyway, just thought I would comment on UK housing as this is my main occupation (and that of my partner). You are right not to trust the stats, it depends on who prepared them & how they compile them. With so many people "sitting it out", those that are selling are obviously well below previous market value. This distorts the stats.

IMHO most of the price falls are in new builds esp apartments in the North of England as they were SO over-supplied. There is a finite market for these but Gvmt wants higher density. Again Gvmt interference. When will the idiots learn about market forces?

Price falls are across the country but the variations in these %s are large. Unless the Gvmt can kick-start the building industry there will be severe redundancies across many industries, & a lot of pain.

Yes, I fear the UK is buggered because Brown has mismanaged the economy for years (& the media & a weak opposition have let him get away with it), we cant afford to borrow any more, yet he is now promising tax cuts in addition to buying the banking system & investing in large capex projects. Hows he going to magic this lot as he sold half our gold reserves (at the lowest level possible), so we have one of the lowest proportion of reserves to debt in the Western world?

This is why I am rapidly learning trading forex & shares. They will always exist & they can be traded from a country with better weather, although I am experienced enough to know that politicians are equally inept in other countries.

This rant doesnt help technical trading, but maybe adds something to the fundamental aspects
  • #97,234
  • Nov 11, 2008 6:17pm Nov 11, 2008 6:17pm
Quoting Barry Cade
Good evening pippers. Ive just logged on (in UK) to catch up with the day & to learen a few more tech tips. With US being on Bank Hol, I expected a sideways day.

Anyway, just thought I would comment on UK housing as this is my main occupation (and that of my partner). You are right not to trust the stats, it depends on who prepared them & how they compile them. With so many people "sitting it out", those that are selling are obviously well below previous market value. This distorts the stats.

IMHO most of the price falls are in new builds...
sure it helps. thanks for your info
  • #97,235
  • Nov 11, 2008 6:51pm Nov 11, 2008 6:51pm
Quoting gagakrimba
Add another short @ 1.5355.
This baby is going down hard guys
I'm hoping to see 1.49XX
Are you sure? I added another long at 153.50

Dont sell into a hole
  • #97,236
  • Nov 11, 2008 7:05pm Nov 11, 2008 7:05pm
Steelhead's on the right track. Careful with those shorts guys - can't see'm pay'n out. Multiple timeframes showing BUY!!!
  • #97,237
  • Nov 11, 2008 7:15pm Nov 11, 2008 7:15pm
Quoting Bullbear0072
Steelhead's on the right track. Careful with those shorts guys - can't see'm pay'n out. Multiple timeframes showing BUY!!!
Don't be ridiculus, of course the shorts will pay out- maybe not right away, but they will. We are in an aggressive downtrend. Make a note- downtrend.

There's little to suggest buy, other than the possibility of a small retracement- which is fine if you are looking for some quick pips on a small timeframe.

But at this point and in these market conditions, the people who have to take more care are those trading countertrend, which would be the buyers.

I'm not saying that this downtrend will continue for ever, but I know that I wouldn't be the one to suddenly announce that on mulitiple timeframes, the charts say BUY!

There is absolutely no evidence that a bottom has been reached yet, so why bother trying to predict when that's going to happen? Just wait until there is some kind of confirmation or until it's looking more certain. At this point, why struggle against the current? Just jump on in for the ride down- you won't regret it!
  • #97,238
  • Nov 11, 2008 7:20pm Nov 11, 2008 7:20pm
Spintrader - I fully agree with you. I expect a drop when London gets in. If you are daytrading ( as I am ) and some others in here - my charts are showing BUY from the 4hr all the way down. 1.5425 is acting as resistance but should act as support shortly. Daytraders perspective. Hey - put a smile on. LOL. http://www.forexfactory.com/images/icons/icon10.gif
  • #97,239
  • Nov 11, 2008 7:23pm Nov 11, 2008 7:23pm
Quoting spintrader
Don't be ridiculus, of course the shorts will pay out- maybe not right away, but they will. We are in an aggressive downtrend. Make a note- downtrend.

There's little to suggest buy, other than the possibility of a small retracement- which is fine if you are looking for some quick pips on a small timeframe.

But at this point and in these market conditions, the people who have to take more care are those trading countertrend, which would be the buyers.

I'm not saying that this downtrend will continue for ever, but I know that I wouldn't be...

You are suggesting selling at 1.5350 like that guy did? you prefer selling into a hole?

Buys are in on multiple time frames.
  • #97,240
  • Nov 11, 2008 7:29pm Nov 11, 2008 7:29pm

bullbear..actually,which train are u now??
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