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Cable Update (GBPUSD)

  • #124,561
  • Mar 3, 2009 12:41pm Mar 3, 2009 12:41pm
Banda : It's below the middle band. That itself should give you a pretty clear idea on where the trend lies. You should wait for the candle to close above the the middle band before going long. If you think you're going to take the position because you want to catch the move up early, you gain nothing by doing so. Sure the price might just end up on your side of the trade, but that could be nothing more than luck. That's gambling. And by the way, being early does not necessarily make it right. I trade off the 4hrly chart, and I see nothing here that indicates there's buying opportunity. Furthermore the daily is still down. And don't tell me you're scalping off a 4hrly.
Trade safe my friend. Good luck
Thank You
  • #124,562
  • Mar 3, 2009 12:43pm Mar 3, 2009 12:43pm
Btw Banda, get rid of the auto demark tl indicator. They're rubbish.
Thank You
  • #124,563
  • Mar 3, 2009 12:46pm Mar 3, 2009 12:46pm
Hi buddy........

Long term can go to 1.35 maybe even further ...........but I still think short term (withing this week it will be 1.40 mark.........market digesting the deposition ..........any misstep in Fed sec's testimony could send this either way......

Quoting wormboy
Banda : It's below the middle band. That itself should give you a pretty clear idea on where the trend lies. You should wait for the candle to close above the the middle band before going long. If you think you're going to take the position because you want to catch the move up early, you gain nothing by doing so. Sure the price might just end up on your side of the trade, but that could be nothing more than luck. That's gambling. And by the way, being early does not necessarily make it right. I trade off the 4hrly chart, and I see nothing here...
BANDA333
  • #124,564
  • Mar 3, 2009 12:50pm Mar 3, 2009 12:50pm
okay. I'm just giving you the heads up don't take it the wrong way.
Good luck.
Thank You
  • #124,565
  • Mar 3, 2009 1:19pm Mar 3, 2009 1:19pm
6800 support for the dow may have turned into resistance now. Something to watch out for if the dow breaks this level.

I still have shorts on the table, there covered though and if my stop gets taking out it will mean this downtrendline has been breached. If it is broken the next level up I have is 4170 now.

Im off out will prob check up on this later good luck everyone!
  • #124,566
  • Mar 3, 2009 1:22pm Mar 3, 2009 1:22pm
bye pip. Don't worry we'll get to 3920.
Thank You
  • #124,567
  • Mar 3, 2009 1:35pm Mar 3, 2009 1:35pm
Mayor is bearish, but for now, GU will bullish for completing Daily AV...

well see then... I long with BEP + 10

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  • #124,568
  • Mar 3, 2009 1:38pm Mar 3, 2009 1:38pm
Quoting allserene
ok it's unanimous - me and you and Abuawad etc etc

If it doesn't go down now, then it will be undemocratic and defying the will of the majority - and that's bad supposedly
Count in too
  • #124,569
  • Mar 3, 2009 1:43pm Mar 3, 2009 1:43pm
Grrrr... 150pip for today... I'm out... C.U all in next Session...
  • #124,570
  • Mar 3, 2009 2:27pm Mar 3, 2009 2:27pm
Hi Peeps,
This is the reason I think GBP/$ will have a bullish day tomorrow.....provided we close today .....blue.....lol
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BANDA333
  • #124,571
  • Mar 3, 2009 2:44pm Mar 3, 2009 2:44pm
Im back , and just in time to watch the Dow crashing down
  • #124,572
  • Mar 3, 2009 2:50pm Mar 3, 2009 2:50pm
I'm fuckin pissed of with this freakin markets all what they criminals do is manipulating and killing reteil traders
  • #124,573
  • Mar 3, 2009 2:53pm Mar 3, 2009 2:53pm
Quoting mijamoto
I'm fuckin pissed of with this freakin markets all what they criminals do is manipulating and killing reteil traders
out of interest in what way has the market been manipulated today then?
  • #124,574
  • Mar 3, 2009 2:56pm Mar 3, 2009 2:56pm
Quoting sofia101
Count in too
I will Sofia


nothing can go wrong ... (quote: George Custer)
  • #124,575
  • Mar 3, 2009 3:04pm Mar 3, 2009 3:04pm
i think this is a good place to short but its the wrong time of day for adding to my position for me so not taking it
  • #124,576
  • Mar 3, 2009 3:09pm Mar 3, 2009 3:09pm
Quoting BANDA
Hi Peeps,
This is the reason I think GBP/$ will have a bullish day tomorrow.....provided we close today .....blue.....lol
Break the Button.
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  • #124,577
  • Mar 3, 2009 3:11pm Mar 3, 2009 3:11pm
Here's why I don't see it happening Banda. Anyway good luck to you my friend.
Good nite guys, I'm off. My greens are safe. zzzzzzzz
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Thank You
  • #124,578
  • Mar 3, 2009 3:13pm Mar 3, 2009 3:13pm
Quoting wormboy
Here's why I don't see it happening Banda. Anyway good luck to you my friend.
Good nite guys, I'm off. My greens are safe. zzzzzzzz
G'Nite Wormboy hope you wake up to loads of green pips!
  • #124,579
  • Mar 3, 2009 3:16pm Mar 3, 2009 3:16pm
I'll be dreaming of it pip! Hope you cash them in as well. Ta!
Thank You
  • #124,580
  • Mar 3, 2009 4:19pm Mar 3, 2009 4:19pm
Hi all
As still didn't breach yesterdays low........I am going to think going long at the onset of Asian session............
Sometimes miracles happens.........lol

Nice combination to contemplate on options

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BANDA333
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