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Cable Update (GBPUSD)

  • #97,461
  • Nov 12, 2008 8:41am Nov 12, 2008 8:41am
i keep forgeting charts.
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  • #97,462
  • Nov 12, 2008 8:41am Nov 12, 2008 8:41am
Quoting micho
we're not singling you out
i hate people who keep mislead the forum and everytime you say long it blows down

so you are misleading the forum

I dont see how I am misleading the form? What does it matter anyway like you said no one listens to me anyway so how could they be mislead by my statements?

Your statement of everytime I say long it blows down is terribly in accurate. Just go back and look at the posts my friend you will find they are not.

I still believe she is going up. Dont be mislead by that though. So if I say that you will do the opposite right micho. Well you best go short then.
  • #97,463
  • Nov 12, 2008 8:41am Nov 12, 2008 8:41am
Quoting micho


which broker should we change to?
crown is fixed 1 pip but execution and distance are killing me during volatile times
I'm still undecided there...

I just closed my long at 5208 for 30 pips by the way...
Patience + Discipline - Greed = Success
  • #97,464
  • Nov 12, 2008 8:45am Nov 12, 2008 8:45am
Quoting Galation
I am short at 1.5250. Where do you rekon it will go to within the next week? I have spoken to my analyst friends at Money Corp, and he rekons that it may go down to 1.49 area, and then rally up to around 1.65. Then from there, continue its fall, maybe to the 1.30 area.

What do you guys rekon?
1.50 area will be psycological support, consenus is for weaker sterling overall given the current and future state of the UK, Karmo had 1.41 on monthly chart could well happen...
Trading is 80% Emotional, 20% Technical
  • #97,465
  • Nov 12, 2008 8:46am Nov 12, 2008 8:46am
wad's good for mac besides forex.com? Most withdrawal policies sucks esp for US based company. Rubbish red tapes and all
  • #97,466
  • Nov 12, 2008 8:46am Nov 12, 2008 8:46am
Quoting jckm
New Update 1Hour chart after US open - target MAE200 - target 1,5600-50
I like chart
GBP/USD - UP, EUR/GBP - DOWN..... NOW
ROBOT FOREX
  • #97,467
  • Nov 12, 2008 8:47am Nov 12, 2008 8:47am
Testing the Yearly trendline placed around 1.5130-1.5120... a close below this line .....
....
....
....
WOW
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  • #97,468
  • Nov 12, 2008 8:47am Nov 12, 2008 8:47am
Quoting Infinity
Careful trying to pick so many bottoms.... you will get smelly fingers....

very relevant to the current debate.....
Trading is 80% Emotional, 20% Technical
  • #97,469
  • Nov 12, 2008 8:51am Nov 12, 2008 8:51am
Quoting fx local
1.50 area will be psycological support, consenus is for weaker sterling overall given the current and future state of the UK, Karmo had 1.41 on monthly chart could well happen...
So you don't think it will go back up into the 1.65 area?
Probability Professor
  • #97,470
  • Nov 12, 2008 8:52am Nov 12, 2008 8:52am
On 4 hr chart ichimoku cloud changed collour but for that we need price above red line minimum and momentum to be above 0 on 4hr and of course above gan so we could think that we could go above cloud as well.But i think inpassible.on 15 resistance is arround 5300 area.Anything untill that is retrace.And if somebody say 5600 that is big wild card.Cable will go down faster and faster i think.will see. Ichimoku is great indicator and i made lotof good sculp and longer term trades with him.Study that a little before writing targets.se ya later
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  • #97,471
  • Nov 12, 2008 8:55am Nov 12, 2008 8:55am
Quoting "expert"
I see Micho you made new friend heare in this few days.Nice!!!

I was at some kind of hoiliday with family so no posts from me.I just got back and see some people still writing about some big moves on up.I don't know how they know that.They see 5600 today!!!!How i dont know.

On all time frames all day we are below gann so for up we need to close above minimum on 15 m and all indicators should be close to...
Am i miss a train yet?Im just back from dinner.
GELORE
  • #97,472
  • Nov 12, 2008 8:58am Nov 12, 2008 8:58am
Quoting Galation
So you don't think it will go back up into the 1.65 area?
I think it will.... but the question is when? And where will it go before it goes back up there?
Patience + Discipline - Greed = Success
  • #97,473
  • Nov 12, 2008 9:01am Nov 12, 2008 9:01am
I believe in this downtrend period, but is very posible a big move up ONLY if we have a rebound from the yearly trendline... (at 1.5130 - 20) but if this trendline will not rebound.... what a fall we will have!!!

No one take care about this trendline????? so strange!!!
  • #97,474
  • Nov 12, 2008 9:09am Nov 12, 2008 9:09am
What technical indicators are you going by?
Probability Professor
  • #97,475
  • Nov 12, 2008 9:11am Nov 12, 2008 9:11am
I don't see any evidence yet of a reversal in sight...

We are however at the bottom of this clearly defined channel... let's see what the next move is..
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Patience + Discipline - Greed = Success
  • #97,476
  • Nov 12, 2008 9:14am Nov 12, 2008 9:14am
Quoting Infinity
I think it will.... but the question is when? And where will it go before it goes back up there?
yep timing is the key
Trading is 80% Emotional, 20% Technical
  • #97,477
  • Nov 12, 2008 9:14am Nov 12, 2008 9:14am
Thats a well spotted trendline. Do you think the big boys are using it? Also on that scale surely the intersect would be a range of approx 100pipsicles which could mean chuga chuga chuga down slowly slowly..

Quoting cesarg
I believe in this downtrend period, but is very posible a big move up ONLY if we have a rebound from the yearly trendline... (at 1.5130 - 20) but if this trendline will not rebound.... what a fall we will have!!!

No one take care about this trendline????? so strange!!!
Ride the Bulls bearback!
  • #97,478
  • Nov 12, 2008 9:15am Nov 12, 2008 9:15am
Quoting Infinity
I don't see any evidence yet of a reversal in sight...

We are however at the bottom of this clearly defined channel... let's see what the next move is..
a rally would be nice, something to sell into, even dead cats bounce!
Trading is 80% Emotional, 20% Technical
  • #97,479
  • Nov 12, 2008 9:17am Nov 12, 2008 9:17am
Quoting Infinity
I don't see any evidence yet of a reversal in sight...

We are however at the bottom of this clearly defined channel... let's see what the next move is..
Is that the SMA you're using there: what period are you using? 10?
Probability Professor
  • #97,480
  • Nov 12, 2008 9:17am Nov 12, 2008 9:17am
Quoting alcando
Thats a well spotted trendline. Do you think the big boys are using it? Also on that scale surely the intersect would be a range of approx 100pipsicles which could mean chuga chuga chuga down slowly slowly..

yes, of course, but that support exist... and like you said, big boys don't worry about trendlines...
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