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Cable Update (GBPUSD)

  • #125,421
  • Mar 6, 2009 1:38pm Mar 6, 2009 1:38pm
Quoting wormboy
stop by your thread? when you gonna stop by mine brother?
I'll be by once we get through the day.
Just digging in the trenches like everyone else!
  • #125,422
  • Mar 6, 2009 1:39pm Mar 6, 2009 1:39pm
Quoting eohater
We're watching the same area!! Enjoy dinner with your kid! Stop by my thread sometime and drop your view. It's always appreciated.
will do that.See ya
  • #125,423
  • Mar 6, 2009 2:47pm Mar 6, 2009 2:47pm
Sometimes we get wraped up in the 4hr and lower we forget about the larger time frames. We can draw trendlines in many different ways and is highly subjective as are mine. But you can't help wonder.......are we about to tank again hard????? Or Continue to break over and begin to form the long term H&S.
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  • #125,424
  • Mar 6, 2009 2:57pm Mar 6, 2009 2:57pm
Hi buddy

Nice analysis. I think this some thing happened on a low volume and a Friday so still can't read much in to this, that's my take. Having said that whole week GBP did well compared to Euro and today GBP nearly lost all......so is this weekly candle setup for something to come...........you never know these days ..........I had luck with longs ......but today I have a long from 141.34 I am not closing it as it is very tiny position......
Nice weekend for all of you.......

I am going to do some bird watching to reduce the stress with ........market movements.........

signing off for the week with a nice song ,

Inserted Video



Quoting sblank
Sometimes we get wraped up in the 4hr and lower we forget about the larger time frames. We can draw trendlines in many different ways and is highly subjective as are mine. But you can't help wonder.......are we about to tank again hard????? Or Continue to break over and begin to form the long term H&S.
BANDA333
  • #125,425
  • Mar 6, 2009 2:58pm Mar 6, 2009 2:58pm
any ideas about which way its gapping ?
  • #125,426
  • Mar 6, 2009 3:13pm Mar 6, 2009 3:13pm
Wanna gamble?!

I would say down....
  • #125,427
  • Mar 6, 2009 3:24pm Mar 6, 2009 3:24pm
Quoting Inzider
Wanna gamble?!

I would say down....
My broker that closed 24m ago closed at 4076. My primary that is still open is at 4093 atm.
Just digging in the trenches like everyone else!
  • #125,428
  • Mar 6, 2009 3:26pm Mar 6, 2009 3:26pm
Quoting BANDA
Hi buddy

Nice analysis. I think this some thing happened on a low volume and a Friday so still can't read much in to this, that's my take. Having said that whole week GBP did well compared to Euro and today GBP nearly lost all......so is this weekly candle setup for something to come...........you never know these days ..........I had luck with longs ......but today I have a long from 141.34 I am not closing it as it is very tiny position......
Nice weekend for all of you.......

I am going to do some bird watching to reduce the stress with...
Thanks Bro, everyone here knows so much glad I posted something that made a little sense
  • #125,429
  • Mar 6, 2009 3:29pm Mar 6, 2009 3:29pm
Quoting eohater
My broker that closed 24m ago closed at 4076. My primary that is still open is at 4093 atm.
I personnaly don't expect any gap.
We did not made any major one last week-end i expect the same.
I got a tiny short from 02 that going to be close as 10 min before close or at BE...
  • #125,430
  • Mar 6, 2009 3:30pm Mar 6, 2009 3:30pm
Quoting Inzider
I personnaly don't expect any gap.
We did not made any major one last week-end i expect the same.
I got a tiny short from 02 that going to be close as 10 min before close or at BE...
I understand that. I have a long that is still open that will be closed in 26m.
Just digging in the trenches like everyone else!
  • #125,431
  • Mar 6, 2009 3:34pm Mar 6, 2009 3:34pm
Is it me or we haven't see you alot lately over this post?
Changing habits or just less trading?

-----------

I do feel forum disturb concentration sometimes, and make me jump following advice...
It also bring multiple view and idea... kinda paradox for me.
  • #125,432
  • Mar 6, 2009 3:36pm Mar 6, 2009 3:36pm
Quoting Inzider
Is it me or we haven't see you alot lately over this post?
Changing habits or just less trading?

-----------

I do feel forum disturb concentration sometimes, and make me jump following advice...
It also bring multiple view and idea... kinda paradox for me.
I'm hanging out in my thread. Feel free to come over anytime.
Just digging in the trenches like everyone else!
  • #125,433
  • Mar 6, 2009 3:38pm Mar 6, 2009 3:38pm
magix
hi
i have tried emailing you at your two email addresses but they keep coming back...i am very interested in your method of trading if you would be so kind in relating it to me...i would so very much appreciate it....thanks a bunch!!!!!
  • #125,434
  • Mar 6, 2009 3:41pm Mar 6, 2009 3:41pm
I'll have a look over that.
I like your technic and should get more info on it.
----

Its preatty much done... 14180-95
Going to close that thing before i get hit...

----

Wish you and all good week-end.
Cya on battle field sunday!
  • #125,435
  • Mar 6, 2009 5:28pm Mar 6, 2009 5:28pm
Quoting pipchaser1
magix
hi
i have tried emailing you at your two email addresses but they keep coming back...i am very interested in your method of trading if you would be so kind in relating it to me...i would so very much appreciate it....thanks a bunch!!!!!

Send me an email or private message through the forum with your email address, I will reply to that.

Working on getting forex chat up and running over the weekend, will look for a good showing, a lot of learning and hopefully make a few bucks while were at it...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #125,436
  • Mar 7, 2009 5:35am Mar 7, 2009 5:35am
Quoting Myman
Ubaidahsan,

This monday I'll use Abu Awad method to trade. Hopefully he will put up his buy and sell trade on the blog. If not I have to figure out myself. Abu Awad method is good for monday and friday

its great bro i will wait for abuawad method too otherwise i'll wait for your analysis and will contact you c u on Monday have a good weekend

Ub
  • #125,437
  • Mar 7, 2009 4:32pm Mar 7, 2009 4:32pm
bad british banking news...

http://www.forexfactory.com/news.php?do=news&id=156719
  • #125,438
  • Mar 7, 2009 6:18pm Mar 7, 2009 6:18pm
has anyone considered this perspective?
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  • #125,439
  • Mar 7, 2009 6:44pm Mar 7, 2009 6:44pm
chart redrawn on closing prices. Tank on Monday?
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  • #125,440
  • Mar 7, 2009 6:59pm Mar 7, 2009 6:59pm
Quoting ezodisy
chart redrawn on closing prices. Tank on Monday?
I think certain trendlines are subjective to personal opinion. See how you drew two different trend lines which were completely different? That is just you doing two different line. Now imagine hundreds of thousands of people drawing the trendline: I'm sure there would be many different versions.

It's difficult to predict price reversal points from a trend line which is subjective. From the two lines you showed, one had the space to retrace close to 1000 pips.

But we can say this, over all, the trend is down. The trend line is is sloping down, and there aren't many fundermentals pushing the cable upwards. Risk aversion is still prevailing in my opinion.
Attached Image (click to enlarge)
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