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Cable Update (GBPUSD)

  • #113,941
  • Jan 22, 2009 6:51am Jan 22, 2009 6:51am
i hear yah...its always difficult when it consoildates and makes a move.....it will consolidate now...ping pong...then move further down

UK data is only gonna get worse so u just gotta get a good entry....
  • #113,942
  • Jan 22, 2009 6:54am Jan 22, 2009 6:54am
its fallen to hard and fast should be a short retrace rally but nothing to worry about if you're taking mid to long term positions
  • #113,943
  • Jan 22, 2009 6:58am Jan 22, 2009 6:58am
Quoting nAVIN2007
i hear yah...its always difficult when it consoildates and makes a move.....it will consolidate now...ping pong...then move further down

UK data is only gonna get worse so u just gotta get a good entry....
It's the lowest point since 1993 (I do not have any data below that year). I am realy scared to sell too.
But, from the other hand, if pound destroyed so badly...
  • #113,944
  • Jan 22, 2009 7:07am Jan 22, 2009 7:07am
careful over next hour guys, US unemployment and building permit figures come in 20 mins. not sure how it will affect it
  • #113,945
  • Jan 22, 2009 7:14am Jan 22, 2009 7:14am
Quoting Komissar
It's the lowest point since 1993 (I do not have any data below that year). I am realy scared to sell too.
But, from the other hand, if pound destroyed so badly...
what u have to ask yourself is ..wll the trend change..in short no....we will go much lower it just will take its time to do it...i wouldnt short here either

the direction is down and it all depends on yur time frame u chose to trade

posible scenero:
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  • #113,946
  • Jan 22, 2009 7:28am Jan 22, 2009 7:28am
Quoting nAVIN2007
what u have to ask yourself is ..wll the trend change..in short no....we will go much lower it just will take its time to do it...i wouldnt short here either

the direction is down and it all depends on yur time frame u chose to trade

posible scenero:
check this out,
US banks in deep s*** and the incoming news in new low

http://www.bloomberg.com/avp/avp.htm?clipSRC=LiveBTV#
  • #113,947
  • Jan 22, 2009 7:41am Jan 22, 2009 7:41am
all this bad news and with this slow movement !!
  • #113,948
  • Jan 22, 2009 7:45am Jan 22, 2009 7:45am
Quoting Abuawad
all this bad news and with this slow movement !!
So will it go up(AP) or down(DAUN)?
  • #113,949
  • Jan 22, 2009 7:50am Jan 22, 2009 7:50am
Quoting Komissar
Morning, folks.
Is it "W" forming on 4H?
I am still thinking about "W", up to 41sh.
  • #113,950
  • Jan 22, 2009 7:57am Jan 22, 2009 7:57am
...
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  • #113,951
  • Jan 22, 2009 8:06am Jan 22, 2009 8:06am
Quoting Vourvoul
...
are you implying that we will be going up to touch tha top of the trend channel and them start coming down again?
Keep It Simple Stupid
  • #113,952
  • Jan 22, 2009 8:09am Jan 22, 2009 8:09am
Quoting Alastair
are you implying that we will be going up to touch tha top of the trend channel and them start coming down again?
  • #113,953
  • Jan 22, 2009 8:19am Jan 22, 2009 8:19am
Quoting nAVIN2007
what u have to ask yourself is ..wll the trend change..in short no....we will go much lower it just will take its time to do it...i wouldnt short here either

the direction is down and it all depends on yur time frame u chose to trade

posible scenero:
Yo Navin - I was a lone voice pacific time last night saying short

left a big position on overnight with a wide s/l

Just logged on now 6.18am to see if I blew my account - I havent

phew - but that was a flyer and i was naughty

anyway, looks like i got away with it so i will narrow my s/l now and hope for a slide down to 1.36 area
  • #113,954
  • Jan 22, 2009 8:31am Jan 22, 2009 8:31am
Good afternoon lads. I have created a poll here: How many mips do you aim to make per week. I'm interested in what people are aiming for in here. (which I have asked on a previous occasion).

Vote (if you want to!)
Probability Professor
  • #113,955
  • Jan 22, 2009 8:46am Jan 22, 2009 8:46am
Quoting Galation
Good afternoon lads. I have created a poll here: How many mips do you aim to make per week. I'm interested in what people are aiming for in here. (which I have asked on a previous occasion).

Vote (if you want to!)
bon jovi galation

lookafter blighty for me eh

dont let m&s go bust before i get there on friday next as i need some new underpants - these americans are a funny shape i reckon
  • #113,956
  • Jan 22, 2009 8:53am Jan 22, 2009 8:53am
Quoting allserene
bon jovi galation

lookafter blighty for me eh

dont let m&s go bust before i get there on friday next as i need some new underpants - these americans are a funny shape i reckon
i can honestly say theres no greater feeling of community than amongst those who wear m&s boxers. american ones are a little weird
  • #113,957
  • Jan 22, 2009 8:56am Jan 22, 2009 8:56am
Quoting Komissar
I am still thinking about "W", up to 41sh.
Agree with that W formation and target.
  • #113,958
  • Jan 22, 2009 9:03am Jan 22, 2009 9:03am
looks more down to me..
  • #113,959
  • Jan 22, 2009 9:04am Jan 22, 2009 9:04am
Quoting jay9170
Agree with that W formation and target.
That's interesting
Good observation
  • #113,960
  • Jan 22, 2009 9:05am Jan 22, 2009 9:05am
Quoting allserene
Yo Navin - I was a lone voice pacific time last night saying short

left a big position on overnight with a wide s/l

Just logged on now 6.18am to see if I blew my account - I havent

phew - but that was a flyer and i was naughty

anyway, looks like i got away with it so i will narrow my s/l now and hope for a slide down to 1.36 area
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