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Cable Update (GBPUSD)

  • #116,981
  • Feb 2, 2009 4:45am Feb 2, 2009 4:45am
I think so.
to day the news not good for the USD in forecast.
  • #116,982
  • Feb 2, 2009 4:45am Feb 2, 2009 4:45am
Quoting janka3002
i think now it will go up... but i am not sure at the moment
Its consolidating and may do this for a little while.. ~ 30 minutes more..but then it will either continue consolidation..or move in either one of these directions

I know that I have read analyst forecasts of:
Highs at 4900 and Lows anywhere from 4200 to 3600....

its all speculation..given the volatility of this market...
  • #116,983
  • Feb 2, 2009 4:46am Feb 2, 2009 4:46am
we cud see it to 4100 before up move comence again, as we break channel (the upward channel 1h tf). If it close back in channel id favour Abuawads point at 4650, then for 4850-900.
  • #116,984
  • Feb 2, 2009 4:47am Feb 2, 2009 4:47am
Quoting mohfaid
Dears

We a 4 H closed bellow 1.4230,,,and we have a support at 1.4180,,,so it is logic to have some up retracemenet before going down again,,,and close the next 4 H and for sure it will be down this support ( 1.4180 ),,,guss to test 1.4040 today dears
looks like mini retrace has already happen and it is heading down again...
  • #116,985
  • Feb 2, 2009 4:56am Feb 2, 2009 4:56am
  •  Trader#7B22
  • | Status: Unregistered Trader
got my 40 for the day based on your entry long... did some scalping, now will set for IntraDay

U good, Abu...
  • #116,986
  • Feb 2, 2009 5:06am Feb 2, 2009 5:06am
Hi,
Just wanted to thank everyone for their input to this thread. I have been watching most days over the last 2 weeks and as a result made 361 pips from the 20th to the 30th Jan. Had a major scare on Friday when I was down 82 but rolled over to today and now find I'm 190 pips up. Not a bad start to the month. So thank you one an all! I am new to trading and have just been studing your charts etc.

Best wishes to everyone and much success.
  • #116,987
  • Feb 2, 2009 5:09am Feb 2, 2009 5:09am
Quoting macK
got my 40 for the day based on your entry long... did some scalping, now will set for IntraDay

U good, Abu...
yup, I'm in the same boat. Thx to Abu
  • #116,988
  • Feb 2, 2009 5:27am Feb 2, 2009 5:27am
why u already out ? Abu is long til 1.4650 !
  • #116,989
  • Feb 2, 2009 5:34am Feb 2, 2009 5:34am
Quoting pipmyride
why u already out ? Abu is long til 1.4650 !
Well they are happy with the pips they collect for today. but what about you !
  • #116,990
  • Feb 2, 2009 5:42am Feb 2, 2009 5:42am
  •  Trader#7B22
  • | Status: Unregistered Trader
I have a daily minimum set to make me happy, and I scalp until i have it. Once i hit my daily goal, with wise moneymanagement, then i can do some interday trading. now, if i would have left my long, i would be over 50pips in the hole right now... but with an entry here at 14200 will make those 50 PLUS the daily goal. gotta let the market settle down for another 15 min or so.. then will make the trade...

moneymanagement is where it is for me, after losing a ton of $ on speculation...
  • #116,991
  • Feb 2, 2009 5:43am Feb 2, 2009 5:43am
is this SL clearing or going down?
  • #116,992
  • Feb 2, 2009 5:47am Feb 2, 2009 5:47am
potential head and shoulder formation on the 4hour and 1hour charts, right shoulder yet to form resistance around 1.4400 area for confimation....
Trading is 80% Emotional, 20% Technical
  • #116,993
  • Feb 2, 2009 5:49am Feb 2, 2009 5:49am
Quoting macK
I have a daily minimum set to make me happy, and I scalp until i have it. Once i hit my daily goal, with wise moneymanagement, then i can do some interday trading. now, if i would have left my long, i would be over 50pips in the hole right now... but with an entry here at 14200 will make those 50 PLUS the daily goal. gotta let the market settle down for another 15 min or so.. then will make the trade...

moneymanagement is where it is for me, after losing a ton of $ on speculation...
was only teasing .. i too have a small daily target that is easily met ... just kidding
  • #116,994
  • Feb 2, 2009 6:09am Feb 2, 2009 6:09am
thank goodness i reversed it quickly ...
  • #116,995
  • Feb 2, 2009 6:16am Feb 2, 2009 6:16am
Support @ 1.4048
"The trend is your friend, until the end."
  • #116,996
  • Feb 2, 2009 6:29am Feb 2, 2009 6:29am
this is insanity
  • #116,997
  • Edited 6:34am Feb 2, 2009 6:32am | Edited 6:34am
this is the first time i see itts moving 400 pips in london session!

and it almost like 18 Dec 08
  • #116,998
  • Feb 2, 2009 6:33am Feb 2, 2009 6:33am
From what i have read, there must be a quite a few longs who got 'burnt' by jumping in around 1.42xx.
"The trend is your friend, until the end."
  • #116,999
  • Feb 2, 2009 6:38am Feb 2, 2009 6:38am
anyone game for a long here ??
  • #117,000
  • Feb 2, 2009 6:40am Feb 2, 2009 6:40am
Quoting pipmyride
anyone game for a long here ??

Should be good for a bounce, but the action today is highly suspect.
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