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Cable Update (GBPUSD)

  • #116,921
  • Feb 2, 2009 2:36am Feb 2, 2009 2:36am
Quoting dashboard
i hope down, let's see the news in a hour to decide
yes..let us see the trend...
  • #116,922
  • Feb 2, 2009 2:40am Feb 2, 2009 2:40am
Quoting popisdead
I also believe this is the good price for LONG.

thanks.
May I know why 1.4210 is a gd place to buy?
Always hunting for pips, even in the dark
  • #116,923
  • Feb 2, 2009 2:41am Feb 2, 2009 2:41am
Quoting zess
GU is heading downwards but suddenly it went up...what are the reason??anybody knows??
it called shorted covering.

i reshorted at 14240 as the bounce from 14250 was so weak,we may see 14080 area ,SL at 14290
  • #116,924
  • Feb 2, 2009 2:42am Feb 2, 2009 2:42am
i'm in to the south... with caution...is anybody is open position for sell??
Attached Image (click to enlarge)
Click to Enlarge Name: GU.JPG Size: 86 KB
  • #116,925
  • Feb 2, 2009 2:43am Feb 2, 2009 2:43am
hmm..still not yet closing my short from 1.4400...a while ago,enter one more short at 1.4267..n now also on the green side...but i think the market are still undecided...anything can happen...
money is for living
  • #116,926
  • Feb 2, 2009 2:44am Feb 2, 2009 2:44am
Quoting moneybookers
it called shorted covering.

i reshorted at 14240 as the bounce from 14250 was so weak,we may see 14080 area ,SL at 14290
how often is that 'short covering'?anyway thanks for the explanation..
  • #116,927
  • Feb 2, 2009 2:45am Feb 2, 2009 2:45am
SL hit..but got some 17 pips..well..will look again...there will be a lot of opportunity..no need to rush lol
money is for living
  • #116,928
  • Feb 2, 2009 2:47am Feb 2, 2009 2:47am
wowow . . .shes beatiful;!!

hey abuawad, ong time no see!

where is your analysis table?
  • #116,929
  • Feb 2, 2009 2:48am Feb 2, 2009 2:48am
looks like its stucks on 50 fibbs..if it breaks thru..we might see some more free fall
money is for living
  • #116,930
  • Feb 2, 2009 2:48am Feb 2, 2009 2:48am
Quoting zess
how often is that 'short covering'?anyway thanks for the explanation..
"short covering" occurs whenever some who is "short" the market buys back their position to close it out. It occurs thousands of times every hour.

It affects the market when an abundance of shorts all want to cover their shorts at the same time.
  • #116,931
  • Feb 2, 2009 2:50am Feb 2, 2009 2:50am
Quoting SmoothTrader
"short covering" occurs whenever some who is "short" the market buys back their position to close it out. It occurs thousands of times every hour.

It affects the market when an abundance of shorts all want to cover their shorts at the same time.
clear explanation on that...THANKS....
  • #116,932
  • Feb 2, 2009 2:50am Feb 2, 2009 2:50am
Quoting jaddy
May I know why 1.4210 is a gd place to buy?
weekly pivot i guess...
  • #116,933
  • Feb 2, 2009 2:52am Feb 2, 2009 2:52am
Quoting zess
i'm going south...

Zess...you have to be careful in giving info like you are doing. You moved the TL down further...it can not be retraced that way. It has broken the TL and now sits below the TL.

What we are looking at is ema movements for specific periods to guide us at this time.

I am taking short since 4400..but will add another at cross down for 4hr.
Next entry down..if it reaches it..is the 4hr period dropping below level of 50.
careful with supports along the way. I am still cautious for a reversal...

will feel better after 4hr shows bearish for 2nd entry.
  • #116,934
  • Feb 2, 2009 2:53am Feb 2, 2009 2:53am
Quoting zess
i'm in to the south... with caution...is anybody is open position for sell??
i shorted,watch GJ at 12660 area if that level break down,south we go.
  • #116,935
  • Feb 2, 2009 2:54am Feb 2, 2009 2:54am
on the m30,
price being supported sma200..

tough here..

could it bouncing back from here?

pop
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  • #116,936
  • Feb 2, 2009 2:56am Feb 2, 2009 2:56am
Quoting Eclipse
weekly pivot i guess...
Eclipse ...

1.4210 is the low point for 1/30 date......this is a place to be careful...it may reverse for retracement..would be a nice move upward...

but if it breaks this level downward..i see a nice long drop..

good luck
  • #116,937
  • Feb 2, 2009 2:58am Feb 2, 2009 2:58am
Quoting JammerJams
Zess...you have to be careful in giving info like you are doing. You moved the TL down further...it can not be retraced that way. It has broken the TL and now sits below the TL.

What we are looking at is ema movements for specific periods to guide us at this time.

I am taking short since 4400..but will add another at cross down for 4hr.
Next entry down..if it reaches it..is the 4hr period dropping below level of 50.
careful with supports along the way. I am still cautious for a reversal...

will feel better after 4hr shows bearish for 2nd...
owh...i see...i'm still learning.afterall forex trading is never ending process
  • #116,938
  • Feb 2, 2009 3:01am Feb 2, 2009 3:01am
Quoting popisdead
on the m30,
price being supported sma200..

tough here..

could it bouncing back from here?

pop
seems like bouncing nicely..

would love to go LONG from here..

who knows..

pop
{Promotion Removed}
  • #116,939
  • Feb 2, 2009 3:01am Feb 2, 2009 3:01am
pin on the 1h?
  • #116,940
  • Feb 2, 2009 3:04am Feb 2, 2009 3:04am
Quoting JammerJams
Eclipse ...

1.4210 is the low point for 1/30 date......this is a place to be careful...it may reverse for retracement..would be a nice move upward...

but if it breaks this level downward..i see a nice long drop..

good luck
on my chart the 1/30 low is at 1.4185
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