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Cable Update (GBPUSD)

  • #99,341
  • Nov 18, 2008 5:32pm Nov 18, 2008 5:32pm
Quoting gagakrimba
Of coz it'll go down but i hope it'll touch 1.5200 first
now thats what Im talkin about!!!!

  • #99,342
  • Nov 18, 2008 5:34pm Nov 18, 2008 5:34pm
Quoting gagakrimba
Of coz it'll go down but i hope it'll touch 1.5200 first
If you fibo yesterday openning with today's high, (being an uptrend all the way), you'll see the candles now (the dip) at around the 38.2, which may mean that it will never go down below that, but may continue the up trend. What makes you so sure it will go down?
  • #99,343
  • Nov 18, 2008 5:52pm Nov 18, 2008 5:52pm
Quoting CitiTrade
If you fibo yesterday openning with today's high, (being an uptrend all the way), you'll see the candles now (the dip) at around the 38.2, which may mean that it will never go down below that, but may continue the up trend. What makes you so sure it will go down?
What goes up must come down
  • #99,344
  • Nov 18, 2008 5:57pm Nov 18, 2008 5:57pm
Quoting gagakrimba
What goes up must come down
cute
  • #99,345
  • Nov 18, 2008 6:09pm Nov 18, 2008 6:09pm
Quoting CitiTrade
cute
What makes you so sure it wont come down ?
  • #99,346
  • Nov 18, 2008 6:26pm Nov 18, 2008 6:26pm
Quoting gagakrimba
What makes you so sure it wont come down ?
Actually I am not sure. But you sounded pretty sure it would, which made me wonder about what signs I am missing actually, timing is what matters the most... not whether or not it's coming down, but when. That's what I am struggling with. Fibos don't think it will come down soon (24 hours), given today's evidence. Tomorrow is another day, however... IMHO.
  • #99,347
  • Nov 18, 2008 6:31pm Nov 18, 2008 6:31pm
Quoting CitiTrade
Actually I am not sure. But you sounded pretty sure it would, which made me wonder about what signs I am missing actually, timing is what matters the most... not whether or not it's coming down, but when. That's what I am struggling with. Fibos don't think it will come down soon (24 hours), given today's evidence. Tomorrow is another day, however... IMHO.
Like you i'm not sure too but long term indicates that it's still bearish.
As for today i hope it will break 1.5200
  • #99,348
  • Nov 18, 2008 6:41pm Nov 18, 2008 6:41pm
Quoting CitiTrade
Actually I am not sure. But you sounded pretty sure it would, which made me wonder about what signs I am missing actually, timing is what matters the most... not whether or not it's coming down, but when. That's what I am struggling with. Fibos don't think it will come down soon (24 hours), given today's evidence. Tomorrow is another day, however... IMHO.

4:30 am news tomorrow could make it come down in a hurry.
USD Est Non Mortuus
  • #99,349
  • Nov 18, 2008 6:45pm Nov 18, 2008 6:45pm
Quoting Shilva
I was chatting w/ Michigan Mike this morning and i said ameritini thinks up and euroater thinks down. When it broke up out of the range i said it looks like a head fake to me and i am gonna sell this rally.....when she stalled at 5050 i shorted her at 37 with a tight stop. Boom...a 100 pip no risk trade.

quote=eohater;2358962]It did go up, but just to build value before falling. Glad you made some money and I hope Ameritrini had his SL in the green.[/quote]

The point is was trying to make is you can read all these openions but in the end nobody should make calls for you but you.

I was definately not trying to play one trader against the other or trying to rub a bad call in somebody's face. I hope everybody makes money.

to both you guys!!!
  • #99,350
  • Nov 18, 2008 6:48pm Nov 18, 2008 6:48pm
Quote
Quote
Shilva;2359538]quote=eohater;2358962]It did go up, but just to build value before falling. Glad you made some money and I hope Ameritrini had his SL in the green.
The point is was trying to make is you can read all these openions but in the end nobody should make calls for you but you.

I was definately not trying to play one trader against the other or trying to rub a bad call in somebody's face. I hope everybody makes money.

to both you guys!!!
[/quote]

I still favor a shot in the upward direction, sometime soon.
  • #99,351
  • Nov 18, 2008 6:49pm Nov 18, 2008 6:49pm
Quoting LuckyLurker
4:30 am news tomorrow could make it come down in a hurry.
Don't be too sure bro.
News seems don't have much effect lately unless it's IR cut
  • #99,352
  • Nov 18, 2008 6:58pm Nov 18, 2008 6:58pm
Quoting gagakrimba
Don't be too sure bro.
News seems don't have much effect lately unless it's IR cut
This news will. If it's dovish, then the price could fall substantially. Like new lows by the afternoon if DOW falls off as well. We'll just have to trade what we see though.
USD Est Non Mortuus
  • #99,353
  • Nov 18, 2008 7:00pm Nov 18, 2008 7:00pm
Quoting LuckyLurker
This news will.
It may be priced in or if someone voted not to cut, could be bullish for the pound.
  • #99,354
  • Nov 18, 2008 7:27pm Nov 18, 2008 7:27pm
Viva Vegas lol. What kinda hotel shuts down there hottub at 6 at night, Freaking shame on Monte Carlo.


Go up pound
  • #99,355
  • Nov 18, 2008 8:04pm Nov 18, 2008 8:04pm
Quoting Patience
Well this might give you a little laugh. I just closed a short trade that I had opened in November 2006 at 1.9151 at 1.9150 on Friday 8th August. I've also got a couple in the 1.86 area as well and I'm kind of hoping that we'll be heading in that direction for at least the next three full weeks of trading in August if not for the rest of the year.
Looks like I didn't have enough patience. If someone had said to me in November 2007 when the pound hit 2.1162 that it would then be slamming into the 1.45 area in November 2008, I would have pondered the person's stability of the mind and I would have had a quiet laugh to myself.

One thing this market has taught me is never say never ....

GL&GT
Nothing worth having is easy.
  • #99,356
  • Nov 18, 2008 11:37pm Nov 18, 2008 11:37pm
8:30pm GBPhttp://www.forexfactory.com/images/m...mpact_high.gifMPC Meeting Minutes




The [GBP/USD] slipped to an intraday low around the 1.4905 level on good selling by a US Prime before some short covering brought the back to an intraday high around the 1.4985 level. However, the pair was unable to sustain at the high as another round of selling by another US Prime and a Russian name sent the pair back to the 1.4935 level.

With the BOE Minutes only hours away, the pair's upside is probably limited to the 1.5000 handle with a break of the 1.4900 handle more likely as the Minutes is likely to be more GBP negative. Earlier buying and selling levels still keeping the range ahead of the Minutes
  • #99,357
  • Nov 19, 2008 1:44am Nov 19, 2008 1:44am
Quoting Niandra_lade
8:30pm GBPhttp://www.forexfactory.com/images/m...mpact_high.gifMPC Meeting Minutes




The [GBP/USD] slipped to an intraday low around the 1.4905 level on good selling by a US Prime before some short covering brought the back to an intraday high around the 1.4985 level. However, the pair was unable to sustain at the high as another round of selling by another US Prime and a Russian name sent the pair back to the 1.4935 level.

With the BOE Minutes only hours away, the pair's upside is probably limited to the 1.5000 handle...
yep totally agree with that, in the news tomorrow you will see that a Lebanese name micho sent it back to 1.45 hahaha
When life gives you lemons, make lemonade
  • #99,358
  • Nov 19, 2008 1:51am Nov 19, 2008 1:51am
I am long for now,Hope this 1 hr candle close abobe 4982.,then 4992 anf finaly if we close above 5023 we might go more up.All of this of course is not needed on 1 candle to happen.We are above all ganns for now so..i am long
  • #99,359
  • Nov 19, 2008 1:51am Nov 19, 2008 1:51am
Quoting Patience
Looks like I didn't have enough patience. If someone had said to me in November 2007 when the pound hit 2.1162 that it would then be slamming into the 1.45 area in November 2008, I would have pondered the person's stability of the mind and I would have had a quiet laugh to myself.

One thing this market has taught me is never say never ....

GL&GT
nice one

i foresee the future do u want my services?
When life gives you lemons, make lemonade
  • #99,360
  • Nov 19, 2008 1:54am Nov 19, 2008 1:54am
Quoting "expert"
I am long for now,Hope this 1 hr candle close abobe 4982.,then 4992 anf finaly if we close above 5023 we might go more up.All of this of course is not needed on 1 candle to happen.We are above all ganns for now so..i am long
im not gonna let u reach 1.5013 ok
ill keep my short open
When life gives you lemons, make lemonade
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