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Cable Update (GBPUSD)

  • #108,621
  • Dec 26, 2008 9:12am Dec 26, 2008 9:12am
Quoting Shilva
No. 1 goal as a trader!...Be able to move the market 400 pips on Christmas day!!!!!!!!!..................... In both directions.

That's a good goal!

My long is closed out and I'm done for the week. See everyone Sunday night!
Just digging in the trenches like everyone else!
  • #108,622
  • Dec 26, 2008 10:15am Dec 26, 2008 10:15am
woot, long @1.4660

can we do a poll to see how many people think it's going to break up or down?
  • #108,623
  • Dec 26, 2008 10:44am Dec 26, 2008 10:44am
She is not going anywhere.
She'll be hovering around here only.
  • #108,624
  • Dec 26, 2008 10:45am Dec 26, 2008 10:45am
I expected 4700 to support

then 4680...and then...4660

Shows how much i know
  • #108,625
  • Dec 26, 2008 10:46am Dec 26, 2008 10:46am
I suspect for the long term down trend will prefail. On Daily chart, we can see that today is the 5th effort to break 1.4660 ( open/close candle) since 16 November 2008. I don't trade today, see next monday 1st where she goes.
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #108,626
  • Dec 26, 2008 1:31pm Dec 26, 2008 1:31pm
Well.. she broke down... had the signals to go short.. but didn't... next week should be good now that it's out of that range. I'll be taking every new short I get at this point.
DireXiv Make it happen, no one else is going to do it for you...
  • #108,627
  • Dec 26, 2008 1:39pm Dec 26, 2008 1:39pm
Quoting DireXiv
Well.. she broke down... had the signals to go short.. but didn't... next week should be good now that it's out of that range. I'll be taking every new short I get at this point.
Just be careful, it could be a false breakout.

Plus buyers are sitting right in this area!!!

Good luck....

HOLLA
  • #108,628
  • Dec 26, 2008 1:40pm Dec 26, 2008 1:40pm
I can't take breakouts... I only take pullbacks So, if it is false, I'm in at the highs and limited risk. So I still have to wait till sunday, unless it goes up to 1.47 in the next 20 minutes

Quoting Turtle
Just be careful, it could be a false breakout.

Plus buyers are sitting right in this area!!!

Good luck....

HOLLA
DireXiv Make it happen, no one else is going to do it for you...
  • #108,629
  • Dec 26, 2008 1:45pm Dec 26, 2008 1:45pm
If you short here, what exactly are your targets? I'm very surprised to see a lot of selling on the pounds during this time.
  • #108,630
  • Dec 26, 2008 1:50pm Dec 26, 2008 1:50pm
I woulnd't short here... but that is just me... I'll wait for a full setup. Think this is just a friday afternoon sell off... could very well be "false" . E/u sold off too this hour.

Calling it a week... looking very forward to next week

Quoting Pipsqueak
If you short here, what exactly are your targets? I'm very surprised to see a lot of selling on the pounds during this time.
DireXiv Make it happen, no one else is going to do it for you...
  • #108,631
  • Dec 26, 2008 1:54pm Dec 26, 2008 1:54pm
Quoting DireXiv
I woulnd't short here... but that is just me... I'll wait for a full setup. Think this is just a friday afternoon sell off... could very well be "false" . E/u sold off too this hour.

Calling it a week... looking very forward to next week
Good luck next week. I will be looking to buy dips as we are getting very close to the low.
  • #108,632
  • Edited 2:23pm Dec 26, 2008 2:06pm | Edited 2:23pm
Ya I buy that... I can't trade countertrend.. too much added stress I like to relax and play some video games when in a trade

Until price pulls above the H1 ichi cloud around 147.75 I'll be looking for shorts. If it just goes into the cloud.. I'll have a day or two off till I get direction again.

edit: saxo bank feed just crashed down to 1.456... have to see where it closes to prep for next week.

Quoting Pipsqueak
Good luck next week. I will be looking to buy dips as we are getting very close to the low.
DireXiv Make it happen, no one else is going to do it for you...
  • #108,633
  • Edited 4:33pm Dec 26, 2008 4:07pm | Edited 4:33pm
Quoting eohater
Thank you! I knew I wasn't that messed up when I saw that price yesterday.
holly mother it really did spike that much...im just back today and myself was thinking man did i really drink that much!

i checked my platform and this is my 4hr chart so i totally confused on demo ..so i guess price gaped above and below my stop to keep my ass safe ...
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  • #108,634
  • Dec 26, 2008 4:54pm Dec 26, 2008 4:54pm
Quoting nAVIN2007
holly mother it really did spike that much...im just back today and myself was thinking man did i really drink that much!

i checked my platform and this is my 4hr chart so i totally confused on demo ..so i guess price gaped above and below my stop to keep my ass safe ...
are you short around 4825? If so, you've got a nice short there!
Just digging in the trenches like everyone else!
  • #108,635
  • Dec 26, 2008 5:54pm Dec 26, 2008 5:54pm
The US Economy is going to get steam rolled in 2009. They are at the end of the beginning of their hardships. In 2009 you will see many business fall into bankrupcy due to lack of funding from financial institutions.

There will also be a global food shortage in 2009 as bank lending to the agricultural industry has been severed..... The list goes on and on.

USA 2009 --------> 1929. The only way that recession was stopped was because of World War 2.

My sentiment is that people will begin to see that countries around the world are doing away with the USD, and the USD will weaken: or should I say, continue to weaken. Just look at the USD index: in 2002 it was 119, today that value is 82. That is a 31% drop in 6 years. That is a clear indication that people, countries, industries are pulling away from the USD slowly. This will continue to decline.

What does this mean for the currency market? At the moment, people are buying the dollar based on risk aversion, because that's all they've known to do: buy the dollar when times get sticky: but when people start to realise that the USD really has hit the wall at 120mph, and when people realise that there really isn't any foundation to the USD anymore, then it is fair to say there will be a sell off of the dollar. When will this happen? It could be anytime, 2009, 2010.... but it will happen (in my humble opinion)
Probability Professor
  • #108,636
  • Edited 6:24pm Dec 26, 2008 6:02pm | Edited 6:24pm
Quoting Bullfx
My view is bearish to 1.44... now in these days.
Quoting nAVIN2007
i checked my platform and this is my 4hr chart so i totally confused on demo ..so i guess price gaped above and below my stop to keep my ass safe ...
As I see on www.netdania.com chart and also zoom in Clicking on your nAVIN 4h chart and I see the recent 10 candlesticks all below 1.48. it means within last 40 hours, there was No price above 1.48 .
And also I see the price now at 1.457 on your chart
As I predicted this week 1.44xx, but due to very Thin volume and many closed hours, even though it was still able to weakly fall to 1.45xx . I would be very regretful I didn't catch the high price someone here saw so that I could sell.
Now I wait for the market open on Monday to go Short.
GU is going to parity with Eu ?
Give me patience
  • #108,637
  • Dec 27, 2008 4:30am Dec 27, 2008 4:30am
Quoting eohater
are you short around 4825? If so, you've got a nice short there!
yes 1.8436 area i shorted, working on sticking in my trades, trying to make the winners last and cut the losses..so far the edge i have works so now its just a case trusting and believing in it!

happy new year bro and the rest of the world....we gettin closer
  • #108,638
  • Dec 27, 2008 4:33am Dec 27, 2008 4:33am
Quoting Bullfx
As I see on www.netdania.com chart and also zoom in Clicking on your nAVIN 4h chart and I see the recent 10 candlesticks all below 1.48. it means within last 40 hours, there was No price above 1.48 .
And also I see the price now at 1.457 on your chart
As I predicted this week 1.44xx, but due to very Thin volume and many closed hours, even though it was still able to weakly fall to 1.45xx . I would be very regretful I didn't catch the high price someone here saw so that I could sell.
[color=blue][b]Now...
yes what does parity mean ..1:1?
  • #108,639
  • Dec 27, 2008 6:24am Dec 27, 2008 6:24am
Quoting nAVIN2007
yes what does parity mean ..1:1?
Yes, parity means one to one; 1:1.
Probability Professor
  • #108,640
  • Dec 27, 2008 9:32am Dec 27, 2008 9:32am
Quoting Galation
Yes, parity means one to one; 1:1.
thanks man
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