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Cable Update (GBPUSD)

  • #124,581
  • Mar 3, 2009 4:26pm Mar 3, 2009 4:26pm
Quoting BANDA
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

http://www.youtube.com/watch?v=otHZd...eature=related

Good luck but I dont know if hoping for a miracle classes as a trading system ???
  • #124,582
  • Mar 3, 2009 4:28pm Mar 3, 2009 4:28pm
GBPUSD

Still keeping the shorts...

If there are no shocking news, target is 1.39; and a break will bring the pair down to 1.35
  • #124,583
  • Mar 3, 2009 4:36pm Mar 3, 2009 4:36pm
Hey pip guy
How are you? Sometimes miracles happen.........actually I left my stop loss at yesterdays low ......... just I like sometimes like to explore other side of the consensus ...........lol


Quoting PipLand
Good luck but I dont know if hoping for a miracle classes as a trading system ???
BANDA333
  • #124,584
  • Mar 3, 2009 4:43pm Mar 3, 2009 4:43pm
Quoting BANDA
Hey pip guy
How are you? Sometimes miracles happen.........actually I left my stop loss at yesterdays low ......... just I like sometimes like to explore other side of the consensus ...........lol
Im good thnx Banda. Yeah I dont always agree with the consensus too and I have no problem going in the opposite direction. I just havn't seen an opportunity just yet since this morning to test a long from.

Good luck, anything can happen in this game as im sure you know, im holding my short though.
  • #124,585
  • Mar 3, 2009 4:52pm Mar 3, 2009 4:52pm
got to see this:


http://www.cnbc.com/id/15840232?video=1050797339&play=1
  • #124,586
  • Mar 3, 2009 5:09pm Mar 3, 2009 5:09pm
Quoting preneur
GBPUSD

Still keeping the shorts...

If there are no shocking news, target is 1.39; and a break will bring the pair down to 1.35
Is that target 1.3900 or 1.3990?
  • #124,587
  • Mar 3, 2009 5:22pm Mar 3, 2009 5:22pm
Quoting allserene
got to see this:


http://www.cnbc.com/id/15840232?video=1050797339&play=1
I got a bad internet connection here on my phone but i just about got the jist of it.

All i kept hearing was "I dont understand it", "I dont understand it!", "I dont understand it" Man has this guy been buried under a rock or something or been on a long sabbatical?? FFS he is supposed to be a currency trader surely he knows the rules of the game by now! No wonder the banks are posting record trading losses with dicks like this at the reigns!

I agree that the dollar is a bubble waiting to burst just like oil was but right now its a buy so might as well just play the game and buy dollars until the bubble bursts.

good post cracked me up
  • #124,588
  • Mar 3, 2009 6:12pm Mar 3, 2009 6:12pm
Quoting allserene
got to see this:


http://www.cnbc.com/id/15840232?video=1050797339&play=1
Great!

thank for your posting video from cnbc
  • #124,589
  • Mar 3, 2009 6:15pm Mar 3, 2009 6:15pm
We had a Breakdown on Cable out of the Triangle and a retracement was also seen to the Breakout Zone. The current position is around 61.8% Fibonacci Retracement Level. Looking at the Current status and a retest of breakout level we may target lower. Considering this as a Retracement to the up move we can consider (Top to 1 = 2 to 3) Targets to be around 1.3775. We also have the 78.6% Fibonacci Retracement Level at 1.3820 which may act as a support level. We would however still consider the Inverse Heads & Shoulders Pattern as Valid till it moves otherwise. However a Little bit of Caution is always advised.

PL Check Earlier Post for Inverse Heads & Shoulder Pattern on Chart Referred here.

Attachment : GBP/USD Timeframe 4H
Attached Image (click to enlarge)
Click to Enlarge Name: gu040309.gif Size: 31 KB
  • #124,590
  • Mar 3, 2009 6:36pm Mar 3, 2009 6:36pm
I think there is a battle going on around this trend line. Which ever way it breaks i hope I am quick enough to catch it!

Attached Image (click to enlarge)
Click to Enlarge Name: mar 4.JPG Size: 99 KB
  • #124,591
  • Mar 3, 2009 7:12pm Mar 3, 2009 7:12pm
This is not my main trading currency but I have been on to witness 1.4000 vigorously defended so I had an entry to buy 1.4000 if it got back there and it did just now.

I am long 1.4000 with a smaller than my smallest normal trade.
+ Charts Happen
  • #124,592
  • Edited 7:39pm Mar 3, 2009 7:37pm | Edited 7:39pm
just wanted to mention this 1.40 has held as support pretty heavily from about Sept.2000 till March.2002 ....

edit; also around Feb.1993
  • #124,593
  • Mar 3, 2009 8:23pm Mar 3, 2009 8:23pm
Quoting Yonipaliyo
just wanted to mention this 1.40 has held as support pretty heavily from about Sept.2000 till March.2002 ....

edit; also around Feb.1993
And you mean this strong support at 1.40 will hold it and bounce back to 1.45? What do you reckon by seeing the previous chart?
Cheers
  • #124,594
  • Mar 3, 2009 8:31pm Mar 3, 2009 8:31pm
Quoting Yonipaliyo
just wanted to mention this 1.40 has held as support pretty heavily from about Sept.2000 till March.2002 ....

edit; also around Feb.1993
I dont think he was calling for a 500 pip rally, just agreed (maybe) that the entry was worth a shot.

With it 25 pips positive I have moved my stop to BE
+ Charts Happen
  • #124,595
  • Mar 3, 2009 8:58pm Mar 3, 2009 8:58pm
not really implying anything , just noticing the level held strongly historically which made me reconsider holding my short.

just a heads up in case some of you missed the detail, i know i have been guilty of not looking back in time to see how a level has responded in past, all this stems from noticing how it has stalled there for hours that's all.
  • #124,596
  • Mar 3, 2009 9:01pm Mar 3, 2009 9:01pm
Right now Im going to try a scalp from triple top....will see where she goes...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #124,597
  • Mar 3, 2009 9:18pm Mar 3, 2009 9:18pm
hi all morning from malaysia! pop
forexisbiz
  • #124,598
  • Mar 3, 2009 9:29pm Mar 3, 2009 9:29pm
good night from egypt
  • #124,599
  • Mar 3, 2009 9:34pm Mar 3, 2009 9:34pm
and a good day from mars..please stay at where u r..we've come to invade your planet..
  • #124,600
  • Mar 3, 2009 10:05pm Mar 3, 2009 10:05pm
Had S/L set to +1, tripped out. will see if she picks a higher high to play from...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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