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Cable Update (GBPUSD)

  • #124,801
  • Mar 4, 2009 7:36pm Mar 4, 2009 7:36pm
Quoting PipLand
im talking to myself here and i sound like that guy from cnbc you posted yesterday "I dont understand it", "I dont understand it"

the nikkei is sky high and counting and cable is falling. Im short on cable so I should be happy but im left scratching my head, will cable really test the lows with stocks going up? Or is it going to bounce into the sky any minute??
I see the correlation between cable and USD with other trade pairs. Give the run they have had today, it's natural for the charts to suffer through a little correction...the overall trend on the daily is positive, and it could turn at any second, but the hourly says sell, so I think for the interm, you are safe with a short, but let your charts be your guide....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #124,802
  • Mar 4, 2009 7:39pm Mar 4, 2009 7:39pm
BE moved my target is daily fibo 61.8 or if she drop again, my target is lower BB daily (dot Orange)
MA = 15m down, 30m down, 1H down, 4H down, 8H flat, 1D up.
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  • #124,803
  • Mar 4, 2009 7:41pm Mar 4, 2009 7:41pm
Quoting PipLand
im talking to myself here and i sound like that guy from cnbc you posted yesterday "I dont understand it", "I dont understand it"

the nikkei is sky high and counting and cable is falling. Im short on cable so I should be happy but im left scratching my head, will cable really test the lows with stocks going up? Or is it going to bounce into the sky any minute??
I haven't understood anything for months... except when the dow hit 7000 and a trader said 'well only another 7,000 to go'

That reminded me that we are NOT going to zero and to hang in there... if it goes to 5,000 and then comes back to 7000 by september, all I have lost is interest at 0.1% less tax and I might even have received some dividends.

But on forex, I am just following those squiggly lines on the charts
and my thoughts on fundamentals are totally scrambled. Possibly thats the best way to be.
  • #124,804
  • Edited 8:12pm Mar 4, 2009 7:42pm | Edited 8:12pm
Quoting Magix
I think ya gunna do well on the TP, but on the hourly, my charts say you might get tripped on this little pullback we seeing....
I have 2 strong supports, 1.4150 and 1.4110. I hope 1.4150 shows its strong for the 1st time ! But 1.4150 also the resistance, I suspect weaker because already 2 times shwon its strong. I hope for the 3rd time she will have failed to stop the move up pressure !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #124,805
  • Mar 4, 2009 7:46pm Mar 4, 2009 7:46pm
Quoting manize
I have 2 strong supports, 1.4150 and 1.4110. I hope 1.4150 shows its strong for the 1st time ! But 1.4150 also the resistance, I suspect weaker because already 2 times shwon its strong. I hope for the 3rd time she is failed to stop move up !
1.4145 and no formations to indicate any change ...so mights squeak another 30 pips -ish

DOW futures perking up - danger for shorts
  • #124,806
  • Mar 4, 2009 7:48pm Mar 4, 2009 7:48pm
Quoting Magix
I see the correlation between cable and USD with other trade pairs. Give the run they have had today, it's natural for the charts to suffer through a little correction...the overall trend on the daily is positive, and it could turn at any second, but the hourly says sell, so I think for the interm, you are safe with a short, but let your charts be your guide....
yeah i guess it probably is a little correction, im just surprised to see the dollar move higher with all this renewed risk appetite out at the moment.

the nikkei just put in a dojo on the 15min near a 61.8 fib so maybe the bullish momentum is stalling
  • #124,807
  • Mar 4, 2009 7:48pm Mar 4, 2009 7:48pm
Quoting allserene
1.4145 and no formations to indicate any change ...so mights squeak another 30 pips -ish
sorry , what is "-ish" ?
  • #124,808
  • Mar 4, 2009 7:52pm Mar 4, 2009 7:52pm
Quoting manize
I have 2 strong supports, 1.4150 and 1.4110. I hope 1.4150 shows its strong for the 1st time ! But 1.4150 also the resistance, I suspect weaker because already 2 times shwon its strong. I hope for the 3rd time she will have failed to stop the move up !
Just what I see on my chart, not trying to slam you...We all have our play styles and reasons for them, just trying to say what I see. As a group, I think we are more so here to offer support and understanding than are to bicker. This is what my chart says, feel free to discuss yours, would love to learn more as I go.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #124,809
  • Mar 4, 2009 7:53pm Mar 4, 2009 7:53pm
Quoting allserene
I haven't understood anything for months... except when the dow hit 7000 and a trader said 'well only another 7,000 to go'

That reminded me that we are NOT going to zero and to hang in there... if it goes to 5,000 and then comes back to 7000 by september, all I have lost is interest at 0.1% less tax and I might even have received some dividends.

But on forex, I am just following those squiggly lines on the charts
and my thoughts on fundamentals are totally scrambled. Possibly thats the best way to be.
yeah i think sometimes ignorance is bliss when it comes to forex and fundamentals, the charts always win in the end! lol

you dont have to worry because if we do go to Zero then you wont have to worry about money anyway, there will be nothing to buy! We'll be back to Bartering! Good idea for a new website www.BarterBay.com, but will there be internet?
  • #124,810
  • Mar 4, 2009 7:56pm Mar 4, 2009 7:56pm
Quoting PipLand
yeah i guess it probably is a little correction, im just surprised to see the dollar move higher with all this renewed risk appetite out at the moment.

the nikkei just put in a dojo on the 15min near a 61.8 fib so maybe the bullish momentum is stalling
Yep looks more like the 61.8fib is holding the nikkei back which should be good for shorts but who knows these days
  • #124,811
  • Mar 4, 2009 8:01pm Mar 4, 2009 8:01pm
I don't see any long signals on this daily chart.
Maybe I am mistaken, so correct me. I am still learning.

BTW, Pipland. What's your schedule? It should be 2am in UK.
Don't tell me it's 24-5.5, my wife is gonna kill me for that schedule!
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  • #124,812
  • Mar 4, 2009 8:02pm Mar 4, 2009 8:02pm
Quoting biax
sorry , what is "-ish" ?
It's Britspeak meaning 'sort of'

as in 'i feel good today -ish'

'I would pay £10 -ish '

Lesson 2 is rhyming slang

'I will give you a shout on the dog' --

dog and bone rhymes with phone so a dog is a phone

So 'I will call you' is 'I will will give you a shout on the dog'

'I have a stiff gregory tonight' ..... gregory peck rhymes with neck

so it means - 'I have a stiff neck'

I taught my wife for 2 years before she got it.. once you get it, it's easy

and finally --- That Tim Geithner is a useless little Eartha ! .....

I like that one best
  • #124,813
  • Mar 4, 2009 8:07pm Mar 4, 2009 8:07pm
Quoting Komissar
I don't see any long signals on this daily chart.
Maybe I am mistaken, so correct me. I am still learning.

BTW, Pipland. What's your schedule? It should be 2am in UK.
Don't tell me it's 24-5.5, my wife is gonna kill me for that schedule!
Yep 2am!! i know i should be sleeping!

I just work when i feel like it really no set schedule sometimes i'll just take the whole day off if it looks uninteresting. I dont have a wife but my GF Hates Forex with a passion!!

I think i should go back to daily and 4hr time frames only, I used to get more sleep then
  • #124,814
  • Mar 4, 2009 8:07pm Mar 4, 2009 8:07pm
Quoting Magix
Just what I see on my chart, not trying to slam you...We all have our play styles and reasons for them, just trying to say what I see. As a group, I think we are more so here to offer support and understanding than are to bicker. This is what my chart says, feel free to discuss yours, would love to learn more as I go.
Thanks and agree, that's why I put the SL at 1.4090 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #124,815
  • Mar 4, 2009 8:09pm Mar 4, 2009 8:09pm
Quoting allserene
It's Britspeak meaning 'sort of'

as in 'i feel good today -ish'

'I would pay £10 -ish '

Lesson 2 is rhyming slang

'I will give you a shout on the dog' --

dog and bone rhymes with phone so a dog is a phone

So 'I will call you' is 'I will will give you a shout on the dog'

'I have a stiff gregory tonight' ..... gregory peck rhymes with neck

so it means - 'I have a stiff neck'

I taught my wife for 2 years before she got it.. once you get it, it's easy

and finally --- That Tim Geithner is a useless little Eartha ! .....

I like...
I am with you on the ish thing...use it all the time, but I feel like the fat kid on the short bus trying to learn your rhyming.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #124,816
  • Mar 4, 2009 8:10pm Mar 4, 2009 8:10pm
Quoting PipLand
Yep 2am!! i know i should be sleeping!

I just work when i feel like it really no set schedule sometimes i'll just take the whole day off if it looks uninteresting. I dont have a wife but my GF Hates Forex with a passion!!

I think i should go back to daily and 4hr time frames only, I used to get more sleep then
I will let you into a secret - she doesnt care one way or the other about forex - but anything that takes your attention off her is evil and the enemy and to be splatted and driven out of your lives !

Cats are the same
  • #124,817
  • Mar 4, 2009 8:14pm Mar 4, 2009 8:14pm
Quoting allserene
I will let you into a secret - she doesnt care one way or the other about forex - but anything that takes your attention off her is evil and the enemy and to be splatted and driven out of your lives !

Cats are the same
Cats are different
As I mentioned before, my cat is trading with me.
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  • #124,818
  • Mar 4, 2009 8:18pm Mar 4, 2009 8:18pm
Quoting allserene
I will let you into a secret - she doesnt care one way or the other about forex - but anything that takes your attention off her is evil and the enemy and to be splatted and driven out of your lives !

Cats are the same
true true.
  • #124,819
  • Mar 4, 2009 8:20pm Mar 4, 2009 8:20pm
Quoting Komissar
Cats are different
As I mentioned before, my cat is trading with me.
Looks asleep to me, Can you ask you cat where cable will be in 6 hours time please lol
  • #124,820
  • Mar 4, 2009 8:23pm Mar 4, 2009 8:23pm
Quoting allserene
It's Britspeak meaning 'sort of'

as in 'i feel good today -ish'

'I would pay £10 -ish '

Lesson 2 is rhyming slang

'I will give you a shout on the dog' --

dog and bone rhymes with phone so a dog is a phone

So 'I will call you' is 'I will will give you a shout on the dog'

'I have a stiff gregory tonight' ..... gregory peck rhymes with neck

so it means - 'I have a stiff neck'

I taught my wife for 2 years before she got it.. once you get it, it's easy

and finally --- That Tim Geithner is a useless little Eartha ! .....

I like...
Thank,
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