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Cable Update (GBPUSD)

  • #125,581
  • Mar 9, 2009 9:12am Mar 9, 2009 9:12am
Quoting JammerJams
I see her retrace upward to 1.4020 then turn around and head south.

strong physiological support hit already..
we may see the big move upward in a could hours...

good luck all...
can you tell me where do you see that physiological support,i dont see it
  • #125,582
  • Mar 9, 2009 9:13am Mar 9, 2009 9:13am
Quoting JammerJams
I see her retrace upward to 1.4020 then turn around and head south.

strong physiological support hit already..
we may see the big move upward in a could hours...

good luck all...
how can u know that is it going to 1.402
maybe it just little retrace? in fibo 1h, i see that it will retrace 50% = 1.402 (your analysis)
  • #125,583
  • Mar 9, 2009 9:13am Mar 9, 2009 9:13am
Quoting mattpajek
can you tell me where do you see that physiological support,i dont see it
Maybe he meant metaphysical?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #125,584
  • Mar 9, 2009 9:15am Mar 9, 2009 9:15am
Quoting ezodisy
Jammer why do you think as high as 4020? To test that previous support level?
we see psychological levels being the basis...
the dollar is strong at this time..but I see it dropping to lower levels..

retrace to gain momentum to breech 1.36 level.

if we rise above the 23% level..we may see it moving in a nice long retracing
week is early...too soon for such a big move without testing mid levels
  • #125,585
  • Mar 9, 2009 9:18am Mar 9, 2009 9:18am
I am long GBP/USD from 1.3782 TP 1.3860
BANDA333
  • #125,586
  • Mar 9, 2009 9:20am Mar 9, 2009 9:20am
Quoting dashboard
how can u know that is it going to 1.402
maybe it just little retrace? in fibo 1h, i see that it will retrace 50% = 1.402 (your analysis)

from the big movement..no one really knows...
  • #125,587
  • Mar 9, 2009 9:22am Mar 9, 2009 9:22am
just look how high at eurgbp 1 hour and you'll see what really make down pressure on gbpusd now. So first of all we should overcome eurgbp and make it down and then come to gbpusd
ROBOT FOREX
  • #125,588
  • Mar 9, 2009 9:22am Mar 9, 2009 9:22am
Quoting Magix
Maybe he meant metaphysical?
lately..its been more spiritual...
all seem to be praying for economic turnarounds...

The last time we had such a nice move...was back in Feb 25th. retraced ~ 50%
strong support....but after 3 attempts finally broke through...
  • #125,589
  • Mar 9, 2009 9:26am Mar 9, 2009 9:26am
NO longs for me yet If we break 3730 then next stop should be the bottom of the blue line (channel), prob be about the 3600 area.

Im considering going against the usd by buying either NZD/usd or AUD/USD or both but not cable yet
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  • #125,590
  • Mar 9, 2009 9:29am Mar 9, 2009 9:29am
Quoting JammerJams
lately..its been more spiritual...
all seem to be praying for economic turnarounds...

I hear ya brother!

Right now all we can do is hope to take a small piece of the action as it presents...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #125,591
  • Mar 9, 2009 9:35am Mar 9, 2009 9:35am
Just done my US tax return. When I convert my UK pension into US dollars it's a lot less !

and 2009 will be peanuts at this rate

I need 10 years of this rate to wipe out my US tax, then cable to go to 1:1 so i can take it all back to Yorkshire and spend it on pork pies/cheshire cheese/haddock and chips and Timmy Taylor championship ale (not frozen gnat's urine)

if these exchange rate swings are making /breaking me, imagine what they are doing to industry which needs a stable environment

Crazy

ok I am just scalping today - in and out like a fiddler's elbow
  • #125,592
  • Mar 9, 2009 9:39am Mar 9, 2009 9:39am
Quoting pipsimax
prepare for next drop towards 3710

short from 1.4031 http://www.forexfactory.com/images/icons/icon14.gif

no longs for me either...
  • #125,593
  • Mar 9, 2009 9:39am Mar 9, 2009 9:39am
let's get ready for another long rumble
ROBOT FOREX
  • #125,594
  • Mar 9, 2009 9:41am Mar 9, 2009 9:41am
Hey Pip ,
How are you? I just closed my long on GBP/$ but keeping and watching USD/CAD short from 1.3030 ...........this is crazy pair so there also CAD may weaken even though Canadian economy suffering less compared to other industrial countries ..........Go Loonie go........!

Quoting PipLand
NO longs for me yet If we break 3730 then next stop should be the bottom of the blue line (channel), prob be about the 3600 area.

Im considering going against the usd by buying either NZD/usd or AUD/USD or both but not cable yet
BANDA333
  • #125,595
  • Mar 9, 2009 9:41am Mar 9, 2009 9:41am
Quoting Forbes55
let's get ready for another long rumble
the bulls and bears are having a fight here at the 376x levels
  • #125,596
  • Mar 9, 2009 9:43am Mar 9, 2009 9:43am
Quoting Forbes55
let's get ready for another long rumble
you get ready mate. I sold at 23.6% retracement for more tumble
  • #125,597
  • Mar 9, 2009 9:43am Mar 9, 2009 9:43am
Quoting ubaidahsan
got 500 pip loss but from now i will trade carefully and always concentrate and follow on news and indications of other traders rather then own indicators thanks for all of you guidance but i forgot to hedge that is why i got loss

Ub

how do you have a 500 pip of looses!!!!... didn't use any stop looses??? if price move 100 pips against you better must to close the trade manually, and accept the looses. 100 pips is more easy to recover than 500. sorry my friend.
  • #125,598
  • Mar 9, 2009 9:44am Mar 9, 2009 9:44am
Quoting Magix
Looking to add long @ 1.376 area on a turn...will see what happens.

15m looks good to go for another run at long side imo

And I missed the gawsh darned thing!

Will get another shot i am sure...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #125,599
  • Mar 9, 2009 9:46am Mar 9, 2009 9:46am
Quoting Magix
And I missed the gawsh darned thing!
You wouldn't have missed anything if you had placed smart sell or buy limit orders.
Probability Professor
  • #125,600
  • Mar 9, 2009 9:49am Mar 9, 2009 9:49am
Sentiment on this forum seems to suggest that the UK is the only Country in trouble. Theory is that it'll be the U.S that leads the recovery, hence the "flight to quality" and the strong dollar. Cable at or near a ten year low. The DOW, the S&P? What do you think. Up or down?
The Euro? Is that likely to strengthen? Dollar, GBP and Euro parity? I don't think it'll even come close.
In the meantime, go with the trend. The dollar is on the up at the moment. A few months ago you could buy two for a pound. Funny old world.
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