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Cable Update (GBPUSD)

  • #118,521
  • Feb 5, 2009 11:02am Feb 5, 2009 11:02am
Quoting eohater
Well, my shorts are doing good. I'm moving my SL to +3 and going to lunch. If I should get taken out. There will be a new seat in the future. I would expect a heavy bounce around 456x area.

Trade well everyone!
EO
u short from 4650?
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #118,522
  • Feb 5, 2009 11:02am Feb 5, 2009 11:02am
Quoting PipLand
wohooo been on the phone and this is coming down finally!

Gotta break this trendline though its well stubborn!
Yeah, I waited around to see if we would get through it. It's till holding, but look at the last 1h close. And I've just been closed out for +3 while I type.

Ok, now I'm off to lunch. I'll find a new ride when I get back.
Just digging in the trenches like everyone else!
  • #118,523
  • Feb 5, 2009 11:02am Feb 5, 2009 11:02am
Quoting PipLand
wohooo been on the phone and this is coming down finally!

Gotta break this trendline though its well stubborn!
up it goes, I should learn to keep my mouth shut !
  • #118,524
  • Feb 5, 2009 11:03am Feb 5, 2009 11:03am
Quoting moneymagnet
u short from 4650?
4670, Was, and closed out for +3. YEAH!!!!
Just digging in the trenches like everyone else!
  • #118,525
  • Feb 5, 2009 11:03am Feb 5, 2009 11:03am
Quoting eohater
Well, my shorts are doing good. I'm moving my SL to +3 and going to lunch. If I should get taken out. There will be a new seat in the future. I would expect a heavy bounce around 456x area.

Trade well everyone!
EO
Good stuff bro!
Patience + Discipline - Greed = Success
  • #118,526
  • Feb 5, 2009 11:03am Feb 5, 2009 11:03am
Quoting PipLand
up it goes, I should learn to keep my mouth shut !
No bro, just trade what you see!
Just digging in the trenches like everyone else!
  • #118,527
  • Feb 5, 2009 11:04am Feb 5, 2009 11:04am
i see 1.4700 as gd place for short scalp, i am long atm.
  • #118,528
  • Feb 5, 2009 11:04am Feb 5, 2009 11:04am
Quoting eohater
4670, Was, and closed out for +3. YEAH!!!!
You got more than me.. I only got 2...
Patience + Discipline - Greed = Success
  • #118,529
  • Feb 5, 2009 11:09am Feb 5, 2009 11:09am
hi iam new in this tread i think 1.4730 is the next target because we have down trend at daily chart shown this is good resistance before the trend
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  • #118,530
  • Feb 5, 2009 11:11am Feb 5, 2009 11:11am
here's a four hour chart - what does it tell you
i drew the blue line yesterday - fyi
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  • #118,531
  • Feb 5, 2009 11:11am Feb 5, 2009 11:11am
welp i'm out. dragon just flew like mad
Thank You
  • #118,532
  • Feb 5, 2009 11:13am Feb 5, 2009 11:13am
GBP YEN been the one thou, its up over 6points
Trading is 80% Emotional, 20% Technical
  • #118,533
  • Feb 5, 2009 11:14am Feb 5, 2009 11:14am
what is happening right now with USD in all pairs?
  • #118,534
  • Feb 5, 2009 11:15am Feb 5, 2009 11:15am
Quoting golatigo
here's a four hour chart - what does it tell you
i drew the blue line yesterday - fyi
The blue line you drew is the "Inner" trendline that is keeping this long. ONce it breaks this line..we will see a different movement...
  • #118,535
  • Feb 5, 2009 11:16am Feb 5, 2009 11:16am
yup, crazy that. just flew past everything
Thank You
  • #118,536
  • Feb 5, 2009 11:19am Feb 5, 2009 11:19am
what's is the bad new about USD
  • #118,537
  • Feb 5, 2009 11:21am Feb 5, 2009 11:21am
Quoting wormboy
yup, crazy that. just flew past everything
wormboy...

I really find your oneliner below your messages to be wise, well stated and with substance.

great view on things...
I used to work in china, japan, taipei, paris, mexico, sao palo, and much of usa. freedom of expressing ones self in acceptance of mistakes and being different are what makes some countries more tolerable then others..and some darn right proud to be in.
  • #118,538
  • Feb 5, 2009 11:27am Feb 5, 2009 11:27am
Quoting nicotine
what's is the bad new about USD
its a mix of emotion and dollar index sluggish...
as you can see other pairs are gaining on Dollar except for Yen...
that one is always a mix because of stock market concerns..if market does well..yen gets hammered...

check this out now..reports on currency and UK rate cut issue
http://www.bloomberg.com/avp/avp.htm?clipSRC=LiveBTV
  • #118,539
  • Feb 5, 2009 11:31am Feb 5, 2009 11:31am
Hey guys!

Got this quote from a Reuters news after EUR got battered by on Thursday because of the BoE rate cut.

"If the US employment figures happen to come in better than expected on Friday, look out for even more pressure on the EUR."

I am just wondering how is this type of economic report from the US correlates to the value assigned to GBP in relation to EUR?

Why would EUR face more pressure from GBP if the US employment figure report becomes better?

I hope you would have the time to explain, coz I'm really stupid when it comes to this kind of things. I just know how to follow the trend.

Thank you very much!

------
Lbrto
"No trade is still a trade." - Peter Borish
  • #118,540
  • Feb 5, 2009 11:33am Feb 5, 2009 11:33am
Quoting PipLand
up it goes, I should learn to keep my mouth shut !
Perhaps if you got on the phone again it might come down
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