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Cable Update (GBPUSD)

  • #99,921
  • Nov 20, 2008 7:52am Nov 20, 2008 7:52am
Quoting Infinity
Add cocky and overconfident to that....
how could i forget!? why do people get cocky and over cofindent when they should know the market is divine and could humble them at any point.....
Trading is 80% Emotional, 20% Technical
  • #99,922
  • Nov 20, 2008 7:53am Nov 20, 2008 7:53am
Quoting NuckingFuts
Just testing the waters, it should continue down (not much more room for up).

Nice pinbar on the daily too
I disagree, i think you will be in for a surprise today if you are short.
  • #99,923
  • Nov 20, 2008 8:00am Nov 20, 2008 8:00am
Quoting Kyen
I disagree, i think you will be in for a surprise today if you are short.
Care to elaborate?
  • #99,924
  • Nov 20, 2008 8:14am Nov 20, 2008 8:14am
any one feel we are in for a small rally from here?
Keep It Simple Stupid
  • #99,925
  • Nov 20, 2008 8:18am Nov 20, 2008 8:18am
Quoting Alastair
any one feel we are in for a small rally from here?
yes me, yen has dropped like a brick and normally triggers moves in the £/$ but nothing has happened. If usd/yen starts to retrace I cant help feeling cabel will follow. Thats just my view, im still short on cable but set SL to BE.

Ive been enjoying the ride down on usd/yen too
  • #99,926
  • Nov 20, 2008 8:24am Nov 20, 2008 8:24am
Quoting PipLand
yes me, yen has dropped like a brick and normally triggers moves in the £/$ but nothing has happened. If usd/yen starts to retrace I cant help feeling cabel will follow. Thats just my view, im still short on cable but set SL to BE.

Ive been enjoying the ride down on usd/yen too
Im atrributing the KEY level break of $50 for oil to the strengthening of yen. I dont know how this affects uk though??
  • #99,927
  • Nov 20, 2008 8:29am Nov 20, 2008 8:29am
  •  pipexy
  • | Joined Jun 2008 | Status: Keep Growing,One Step At A Time! | 6 Posts
Quoting Kyen
I disagree, i think you will be in for a surprise today if you are short.
Would you like to give reasons for that.
Do I smell a threat there?
  • #99,928
  • Nov 20, 2008 8:29am Nov 20, 2008 8:29am
Quoting Kyen
I disagree, i think you will be in for a surprise today if you are short.
I got a pleasant surprise this morning when I woke up to 100 green pips on my short...
Patience + Discipline - Greed = Success
  • #99,929
  • Nov 20, 2008 8:34am Nov 20, 2008 8:34am
I really don't understand why people are trying to force longs against such a strong trend...
Did you guys see the rejection from 1.5247...... 400 pips ago...
Patience + Discipline - Greed = Success
  • #99,930
  • Nov 20, 2008 8:39am Nov 20, 2008 8:39am
Quoting Infinity
I really don't understand why people are trying to force longs against such a strong trend...
Did you guys see the rejection from 1.5247...... 400 pips ago...
hi infinity, above 1.526x i would have got a margin call

lol
When life gives you lemons, make lemonade
  • #99,931
  • Nov 20, 2008 8:46am Nov 20, 2008 8:46am
Quoting micho
hi infinity, above 1.526x i would have got a margin call

lol
Hey bro.... How's your shorts....
Patience + Discipline - Greed = Success
  • #99,932
  • Nov 20, 2008 8:46am Nov 20, 2008 8:46am
Quoting Infinity
I really don't understand why people are trying to force longs against such a strong trend...
Did you guys see the rejection from 1.5247...... 400 pips ago...
yea that rejection was strong, looking at testing the previous lows now.
  • #99,933
  • Nov 20, 2008 8:51am Nov 20, 2008 8:51am
Hey guys .. it is going to 1.4700 soon
  • #99,934
  • Nov 20, 2008 8:51am Nov 20, 2008 8:51am
Quoting AmeriTrini
yea that rejection was strong, looking at testing the previous lows now.
I agree... and based on the daily oscillator, it looks as if it will have the power to break lower... but time will tell..
Patience + Discipline - Greed = Success
  • #99,935
  • Nov 20, 2008 8:59am Nov 20, 2008 8:59am
Quoting Myman
Hey guys .. it is going to 1.4700 soon
Motivation for that if yo dont mind?
Keep It Simple Stupid
  • #99,936
  • Nov 20, 2008 9:03am Nov 20, 2008 9:03am
I think it is forming double bottom on the 4H, then at about 1,46 it will reverse to the upside.
  • #99,937
  • Nov 20, 2008 9:08am Nov 20, 2008 9:08am
Quoting vorschlag
I think it is forming double bottom on the 4H, then at about 1,46 it will reverse to the upside.
it's a possibility, we will have to see how it reacts around there. only the price action will tell us that.
  • #99,938
  • Nov 20, 2008 9:31am Nov 20, 2008 9:31am
Quoting AmeriTrini
it's a possibility, we will have to see how it reacts around there. only the price action will tell us that.
around 14636 i guess,

does anyone see bullish divergence at h4?
http://img217.imageshack.us/img217/9...ceh4pc7.th.gifhttp://img217.imageshack.us/images/thpix.gif
  • #99,939
  • Nov 20, 2008 9:35am Nov 20, 2008 9:35am
Quoting Infinity
Hey bro.... How's your shorts....
i didnt trade today...
yesterday i went out with -65... and today i am not in the mood...
just testing a system on the demo

if you have a short your target is 1.47
it still didnt touch it so keep your shorts open if your stop is at 1.526x

good luck
When life gives you lemons, make lemonade
  • #99,940
  • Nov 20, 2008 9:37am Nov 20, 2008 9:37am
Quoting mcfbcmnfsz1
around 14636 i guess,

does anyone see bullish divergence at h4?
http://img217.imageshack.us/img217/9...ceh4pc7.th.gifhttp://img217.imageshack.us/images/thpix.gif
no next target is 1.47 then rebound a bit then maybe down... thats my view
When life gives you lemons, make lemonade
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