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Cable Update (GBPUSD)

  • #97,941
  • Nov 13, 2008 6:45am Nov 13, 2008 6:45am
LOL!!!! Go On YOU Greens
  • #97,942
  • Nov 13, 2008 6:45am Nov 13, 2008 6:45am
Quoting PipLand
wohoo lower lower lower
Quoting Patrino
nooo higher higher higher!
  • #97,943
  • Nov 13, 2008 6:45am Nov 13, 2008 6:45am
Quoting PipLand
Hey go short then we can cheer the same team!! lol

but seriously though i would reconsider long if 1.4830 is broken
  • #97,944
  • Nov 13, 2008 6:48am Nov 13, 2008 6:48am
i would be looking to go short, its just yesterdays sell off has had no significant retest of the price pattern. Especially as we are now at a MASSIVE symmetrical triangle support area. It just makes more sense to me.
If we make new lows then ill definately be short
  • #97,945
  • Nov 13, 2008 6:52am Nov 13, 2008 6:52am
Quoting Patrino
i would be looking to go short, its just yesterdays sell off has had no significant retest of the price pattern. Especially as we are now at a MASSIVE symmetrical triangle support area. It just makes more sense to me.
If we make new lows then ill definately be short
Yeah I see what your saying, I was actually long until my small uptrend was broken. on 15min chart.

The pound is just so fundamentally in trouble at the mo that I think anything is poss. I just gotta feeling the 1.4830 support isnt going to hold it much longer now. Either way keeping my SL v tight!
  • #97,946
  • Nov 13, 2008 6:55am Nov 13, 2008 6:55am
EUR/GBP coming off it's highs
  • #97,947
  • Nov 13, 2008 6:59am Nov 13, 2008 6:59am
The pound is in loads of trouble fundamentally, so it could sink at any news release .... hopefully after iv scaled out
  • #97,948
  • Nov 13, 2008 7:00am Nov 13, 2008 7:00am
Quoting Abuawad
haha thats funny
Trading is 80% Emotional, 20% Technical
  • #97,949
  • Nov 13, 2008 7:00am Nov 13, 2008 7:00am
Abuawad what is your chart saying
  • #97,950
  • Nov 13, 2008 7:06am Nov 13, 2008 7:06am
Quoting "expert"
Abuawad what is your chart saying

here
Attached Image
  • #97,951
  • Nov 13, 2008 7:17am Nov 13, 2008 7:17am
Thanks ABUAWAD
  • #97,952
  • Nov 13, 2008 7:25am Nov 13, 2008 7:25am
I only did short, 5 trades sofar, unfortunately hit locked in + 10 pips all, total gain +50 pips ! I should learn hard how to hold any good entry to collect hundred of pips !`
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #97,953
  • Nov 13, 2008 7:26am Nov 13, 2008 7:26am
This channel sucks
  • #97,954
  • Nov 13, 2008 7:37am Nov 13, 2008 7:37am
Now as I said earlier today I have been waiting for the price to go to the 1.50XX area in order to enter the market (sell) today.

Now I am thinking of entering as soon as the price leaves this channel at say around 1.481X.

Also I am waiting for these:

7:30pm USD http://www.forexfactory.com/images/m...act_medium.gif FOMC Member Plosser Speaks



8:30pm EUR http://www.forexfactory.com/images/m...act_medium.gif ECB President Trichet Speaks



8:55pm USD http://www.forexfactory.com/images/m...impact_low.gif President Bush Speaks


to have an effect today.

Any thoughts?
  • #97,955
  • Nov 13, 2008 7:48am Nov 13, 2008 7:48am
Quoting Vourvoul
Now as I said earlier today I have been waiting for the price to go to the 1.50XX area in order to enter the market (sell) today.

Now I am thinking of entering as soon as the price leaves this channel at say around 1.481X.

Also I am waiting for these:

7:30pm USD http://www.forexfactory.com/images/m...act_medium.gif FOMC Member Plosser Speaks



8:30pm EUR http://www.forexfactory.com/images/m...act_medium.gif ECB President Trichet Speaks



8:55pm USD http://www.forexfactory.com/images/m...impact_low.gif...
good point, but for me i don't think that 1.4800 will hold. i'm thinking to see 1.477 from that point maby i'll go long
  • #97,956
  • Nov 13, 2008 7:51am Nov 13, 2008 7:51am
Quoting Abuawad
good point, but for me i don't think that 1.4800 will hold. i'm thinking to see 1.477 from that point maby i'll go long
Thanks
  • #97,957
  • Nov 13, 2008 7:51am Nov 13, 2008 7:51am
Quoting Abuawad
good point, but for me i don't think that 1.4800 will hold. i'm thinking to see 1.477 from that point maby i'll go long
Agreed, and thnx for your chart
  • #97,958
  • Nov 13, 2008 7:56am Nov 13, 2008 7:56am
example chart
Attached Image (click to enlarge)
Click to Enlarge Name: example 10min.jpg Size: 44 KB
please DON'T copy my trades I am still learning
  • #97,959
  • Nov 13, 2008 8:07am Nov 13, 2008 8:07am
Quoting Abuawad
good point, but for me i don't think that 1.4800 will hold. i'm thinking to see 1.477 from that point maby i'll go long

i'm really a bad person,
i was shorting from 1.4930 to 1.4775 +155 pips

see you tomorrow
  • #97,960
  • Nov 13, 2008 8:10am Nov 13, 2008 8:10am
Quoting Abuawad
i'm really a bad person,
i was shorting from 1.4930 to 1.4775 +155 pips

see you tomorrow



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