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Cable Update (GBPUSD)

  • #110,141
  • Jan 8, 2009 6:46am Jan 8, 2009 6:46am
I think I will be shorting soon.....sell when price is going up and buy when price is going down
  • #110,142
  • Jan 8, 2009 6:47am Jan 8, 2009 6:47am
Oh Well, Pips is pips ou pal. I am still long but looking a bit flaky now. I am not looking to short this tho. I'll take profits and wait.

Quoting trader2160
Not that great today.Just rode it for 20-30 pips a couple of times.Flat right now.
Ride the Bulls bearback!
  • #110,143
  • Jan 8, 2009 6:47am Jan 8, 2009 6:47am
Quoting Abuawad
Don't tell me you are following me, and i was here but watching the TV..
there are a WAR can be start here in Meddle East.
Been watching it, too. I pray for some common sense to prevail.
  • #110,144
  • Jan 8, 2009 6:48am Jan 8, 2009 6:48am
Quoting trader2160
yes but will it break?
depend on the 23.6 fibo fan if the candle close above it, then yes else no.
  • #110,145
  • Jan 8, 2009 6:49am Jan 8, 2009 6:49am
Quoting Abuawad
Wow 1.5288 hit
She just kiss 1.5288. There is no penetration
  • #110,146
  • Jan 8, 2009 6:50am Jan 8, 2009 6:50am
Not buy now but I don't feel comfortable with the sell except for the retracement value. I could be wrong but I don't like it yet.

Quoting lexazver
you want to buy after 300 pip rally? big daddy trend is still down sell the rallies
Ride the Bulls bearback!
  • #110,147
  • Jan 8, 2009 6:51am Jan 8, 2009 6:51am
Quoting Shermenator
I think I will be shorting soon.....sell when price is going up and buy when price is going down
trying to pick tops and bottoms? careful mate may burn your fingers.
  • #110,148
  • Jan 8, 2009 6:53am Jan 8, 2009 6:53am
Quoting alcando
Oh Well, Pips is pips ou pal. I am still long but looking a bit flaky now. I am not looking to short this tho. I'll take profits and wait.
with the rate down to only 1.5% and with the pound being already oversold the market seems to want to go higher.
  • #110,149
  • Jan 8, 2009 6:54am Jan 8, 2009 6:54am
Quoting Atondra
She just kiss 1.5288. There is no penetration
are still sure
  • #110,150
  • Jan 8, 2009 6:54am Jan 8, 2009 6:54am
Quoting Atondra
She just kiss 1.5288. There is no penetration
tease and denial
  • #110,151
  • Jan 8, 2009 6:55am Jan 8, 2009 6:55am
Quoting kayfyre
trying to pick tops and bottoms? careful mate may burn your fingers.
volume of buyers begining to decrease. think i will sel now stop order 1.5288
  • #110,152
  • Jan 8, 2009 7:00am Jan 8, 2009 7:00am
Quoting lexazver
you want to buy after 300 pip rally? big daddy trend is still down sell the rallies

I have been impatient in the past..and not worth it...
Lex is right...go with the trends..and rallies always return...

my take is wait and see...like right now..that 5288 is starting to look like a nice barrier...give it time..

.5 and a rise is all emotion...that .5 was already factored in long ago..at the 5288 level..so..I will be surprise if it goes much higher...

will see
  • #110,153
  • Jan 8, 2009 7:01am Jan 8, 2009 7:01am
Normal cases I would sell (spinning top on 30M, double top on 4HR, 1 HR). But since the big US news is coming in shortly.....I would stay on the sideline until then.

Quoting kayfyre
volume of buyers begining to decrease. think i will sel now stop order 1.5288
  • #110,154
  • Edited 7:05am Jan 8, 2009 7:04am | Edited 7:05am
wow, i shouldnt have stop my long to early
  • #110,155
  • Jan 8, 2009 7:06am Jan 8, 2009 7:06am
Quoting SeaPip
Normal cases I would sell (spinning top on 30M, double top on 4HR, 1 HR). But since the big US news is coming in shortly.....I would stay on the sideline until then.
Double top - it would be sweet!
  • #110,156
  • Jan 8, 2009 7:08am Jan 8, 2009 7:08am
Quoting SeaPip
Normal cases I would sell (spinning top on 30M, double top on 4HR, 1 HR). But since the big US news is coming in shortly.....I would stay on the sideline until then.
good analysis Seapip...

just observe and act on facts...to jump in now is try and predict

remember..the US will be providing some really bad news...this will be the catalyst to give the strength to go over 5288 level...

the market will sit here at 5288 till we hear more news... up to now..it is where it should be...
  • #110,157
  • Jan 8, 2009 7:09am Jan 8, 2009 7:09am
Actually, it does look eerily similar to that Horny beast formation hey!

If it happens I'll take it but this time I want confirmation. If it falls like that horny beast then there will be enough in it. Can't see a reason tho.


Originally Posted by trader2160
are you sure its not a horny beast reversal.Good to have you back too.Lets hope we can rake it in like we did on FoMcDay.
Ride the Bulls bearback!
  • #110,158
  • Jan 8, 2009 7:09am Jan 8, 2009 7:09am
Quoting Shermenator
I think I will be shorting soon.....sell when price is going up and buy when price is going down
Oh, it means you go the reverse direction to the market and then have to cut loss?
But GU price is manipulated because rising while cutting rate and while EU and other pairs don't move.
Now I think GU is too overbought.
Give me patience
  • #110,159
  • Jan 8, 2009 7:10am Jan 8, 2009 7:10am
Quoting SeaPip
Normal cases I would sell (spinning top on 30M, double top on 4HR, 1 HR). But since the big US news is coming in shortly.....I would stay on the sideline until then.
hmm. see some sense in that. I'm out. totally forgot abut it.
  • #110,160
  • Jan 8, 2009 7:11am Jan 8, 2009 7:11am
waiting the best moment to sell
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