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Cable Update (GBPUSD)

  • #99,041
  • Nov 17, 2008 11:41pm Nov 17, 2008 11:41pm
Quoting Vourvoul
Not much going on...
Can't penetrate R1
  • #99,042
  • Nov 18, 2008 12:03am Nov 18, 2008 12:03am
for the up trend that started yesterday:

tp1: 1.5183

R1: 1.5084
R2: 1.5106
R3: 1.5216
When life gives you lemons, make lemonade
  • #99,043
  • Nov 18, 2008 2:11am Nov 18, 2008 2:11am
Very quiet in here today .......
  • #99,044
  • Nov 18, 2008 2:13am Nov 18, 2008 2:13am
Shhhh!!! We're chewing cables...

Quoting robertdbutts
Very quiet in here today .......
Ride the Bulls bearback!
  • #99,045
  • Nov 18, 2008 2:20am Nov 18, 2008 2:20am
is tis a retracement or a trend reversal
  • #99,046
  • Nov 18, 2008 2:24am Nov 18, 2008 2:24am
Very quiet in here today .......

Quoting alcando
Shhhh!!! We're chewing cables...

It's impossible to speak when you are chewing something.
  • #99,047
  • Nov 18, 2008 2:25am Nov 18, 2008 2:25am
Quoting therainmaker
is tis a retracement or a trend reversal
Neither one yet....
Attached Image (click to enlarge)
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  • #99,048
  • Nov 18, 2008 2:26am Nov 18, 2008 2:26am
I see it as a retracement after it hit the wall of support at 14960. It will go back to re-test. Bad UK data again so GBP is sliding against USD and EUR. I am short again at 15010. Not sure that it will get thru 149050ish tho.


Quoting therainmaker
is tis a retracement or a trend reversal
Ride the Bulls bearback!
  • #99,049
  • Nov 18, 2008 2:28am Nov 18, 2008 2:28am
Quoting therainmaker
is tis a retracement or a trend reversal
What trend do you mean? If you mean the retracement of the downtrend, in my opinion it is, and she will continue downmove.
  • #99,050
  • Nov 18, 2008 2:37am Nov 18, 2008 2:37am
i entered a short early... at 1.4991 with target at 1.4920
its a pity i cant trade full time, its a pity... i rush into the orders before confirmation
When life gives you lemons, make lemonade
  • #99,051
  • Nov 18, 2008 2:46am Nov 18, 2008 2:46am
sink mofo sink
When life gives you lemons, make lemonade
  • #99,052
  • Nov 18, 2008 2:49am Nov 18, 2008 2:49am
I am sitting here expecting her to go and touch or approach the daily trend line at around 5150 to short her.

To be honest it doesn't appear to be realistic at the moment as the news were bad for GBP, and there's the speeches of the afternoon...
Attached Image (click to enlarge)
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  • #99,053
  • Nov 18, 2008 3:02am Nov 18, 2008 3:02am
nice retrace hope to get a confirm sell signal later
When life gives you lemons, make lemonade
  • #99,054
  • Nov 18, 2008 3:06am Nov 18, 2008 3:06am
forex is an art gentlemen

it lets you deal with the following gaps in your moral:
deception
greed
fear
discipline
trust
self esteem

lol im nice being a philosoph
When life gives you lemons, make lemonade
  • #99,055
  • Nov 18, 2008 3:07am Nov 18, 2008 3:07am
Quoting micho
forex is an art gentlemen

it lets you deal with the following gaps in your moral:
deception
greed
fear
discipline
trust
self esteem

lol im nice being a philosoph
Lol verry nice said But it's true, will have a hard time handling all off these thhings!
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  • #99,056
  • Nov 18, 2008 3:10am Nov 18, 2008 3:10am
market is mixed at the moment...
When life gives you lemons, make lemonade
  • #99,057
  • Nov 18, 2008 3:11am Nov 18, 2008 3:11am
Quoting micho
forex is an art gentlemen

it lets you deal with the following gaps in your moral:
deception
greed
fear
discipline
trust
self esteem

lol im nice being a philosoph
yes bro ......i think so
u picked very good words..just argue against it!
  • #99,058
  • Nov 18, 2008 3:11am Nov 18, 2008 3:11am
Quoting wouste
Lol verry nice said But it's true, will have a hard time handling all off these thhings!
hey yo nice to hear from you buddy
welcome
When life gives you lemons, make lemonade
  • #99,059
  • Nov 18, 2008 3:13am Nov 18, 2008 3:13am
Quoting nAVIN2007
yes bro ......i think so
u picked very good words..just argue against it!
well i can spot the problems but i still have to learn to deal with all of them
When life gives you lemons, make lemonade
  • #99,060
  • Nov 18, 2008 3:18am Nov 18, 2008 3:18am
looking at the charts now... you may go short at a price > 1.4992 when you get a signal (the right candle pattern on the 15m chart or more risky 5m chart) with stop at 32 target down to 55, but hourly rsi still positive... so ur risk is a bit bigger than normal
When life gives you lemons, make lemonade
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