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Cable Update (GBPUSD)

  • #126,281
  • Mar 12, 2009 2:48pm Mar 12, 2009 2:48pm
Quoting eohater
My sell button went with you bro! I'm in at 3930.
In @3939 here brother.
Thank You
  • #126,282
  • Mar 12, 2009 2:52pm Mar 12, 2009 2:52pm
Quoting linleysound
....I think some of the institutionalised shorters on this thread will need psychological rehabilitation when the big turn around really comes......
lol! The 4h has shown quite a lot of upward pressure, this was bound to happen. I have it in a channel on that timeframe -- if it continues to shoot up, top is around 4100 just now.
  • #126,283
  • Mar 12, 2009 2:52pm Mar 12, 2009 2:52pm
Quoting wormboy
In @3939 here brother.
The last big resistance at 1.3970 if it break this we are going to 1.4040 next be carefull
  • #126,284
  • Mar 12, 2009 2:56pm Mar 12, 2009 2:56pm
Quoting sofia101
The last big resistance at 1.3970 if it break this we are going to 1.4040 next be carefull
Thanks sofia. It's just a small position really with narrow sl.
Thank You
  • #126,285
  • Mar 12, 2009 2:57pm Mar 12, 2009 2:57pm
Quoting ezodisy
lol! The 4h has shown quite a lot of upward pressure, this was bound to happen. I have it in a channel on that timeframe -- if it continues to shoot up, top is around 4100 just now.
Yep Tony, that's what I'm looking at too
  • #126,286
  • Mar 12, 2009 3:00pm Mar 12, 2009 3:00pm
short@ 3946


Ub
  • #126,287
  • Mar 12, 2009 3:03pm Mar 12, 2009 3:03pm
Quoting linleysound
Yep Tony, that's what I'm looking at too
I'll probably try a first short around 4040, not really interested until then. Hope your trading is going well
  • #126,288
  • Mar 12, 2009 3:05pm Mar 12, 2009 3:05pm
Quoting ezodisy
I'll probably try a first short around 4040, not really interested until then. Hope your trading is going well
then you should wait till London open as now it will come down and then up again
ROBOT FOREX
  • #126,289
  • Mar 12, 2009 3:08pm Mar 12, 2009 3:08pm
Quoting Forbes55
then you should wait till London open as now it will come down and then up again
yeah probably, I can see resistance here and more just under 4000, and 4040 and top of channel. 4h RSI is capped at this point now
  • #126,290
  • Mar 12, 2009 3:18pm Mar 12, 2009 3:18pm
C.R.A.Z.Y

.............
  • #126,291
  • Mar 12, 2009 3:51pm Mar 12, 2009 3:51pm
guys, guys need to sell now, STOP LOSS 1.4000
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  • #126,292
  • Mar 12, 2009 4:03pm Mar 12, 2009 4:03pm
Quoting derek
guys, guys need to sell now, STOP LOSS 1.4000
I agree. But don't tell anyone, we might be institutionaliioasfywu.
So little to lose, so much to gain ...
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Thank You
  • #126,293
  • Mar 12, 2009 4:08pm Mar 12, 2009 4:08pm
Quoting wormboy
I agree. But don't tell anyone, we might be institutionaliioasfywu.
So little to lose, so much to gain ...
Hey Wormboy were both singing from the same song sheet once again im in 3944 this is the one my friend 3600 come on down
  • #126,294
  • Mar 12, 2009 4:10pm Mar 12, 2009 4:10pm
Quoting PipLand
Hey Wormboy were both singing from the same song sheet once again im in 3944 this is the one my friend 3600 come on down
but you do know in a week or 2 i reckon were gonna have to fix your buy button though ! cause there might be some more rallies
  • #126,295
  • Mar 12, 2009 4:11pm Mar 12, 2009 4:11pm
Quoting PipLand
Hey Wormboy were both singing from the same song sheet once again im in 3944 this is the one my friend 3600 come on down
I thought you've signed off mate.
Superb rr yea?
It's been a terrific week for me, I'm ready for one last ride down before we turn. Let's have it!!
Thank You
  • #126,296
  • Mar 12, 2009 4:13pm Mar 12, 2009 4:13pm
So you guys expect further decline from here. Hum!
I got a short at 41 and 20 and.... 1.3874.

Good to see i'm not alone... i'll wait before taking my lost then... this move was really something.
  • #126,297
  • Mar 12, 2009 4:13pm Mar 12, 2009 4:13pm
Quoting wormboy
I thought you've signed off mate.
Superb rr yea?
It's been a terrific week for me, I'm ready for one last ride down before we turn. Let's have it!!
Exactly one last ride down then im loading up on the longs, and i may even keep some running until we hit 1.5!

Check out the recent cot report data today from dailyfx

http://www.dailyfx.com/export/sites/...09-03-12_4.gif

GBPUSD – One-sided trader sentiment has left our forex trading strategies heavily short the GBP/USD. The ratio of long to short positions in the GBPUSD stands at 1.88 as nearly 65% of traders are long. Yesterday, the ratio was at 1.62 as 62% of open positions were long. In detail, long positions are 25.1% higher than yesterday and 121.3% stronger since last week. Short positions are 7.5% higher than yesterday and 16.4% weaker since last week. Open interest is 18.4% stronger than yesterday and 60.2% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD losses.
  • #126,298
  • Mar 12, 2009 4:14pm Mar 12, 2009 4:14pm
Quoting PipLand
but you do know in a week or 2 i reckon were gonna have to fix your buy button though ! cause there might be some more rallies
I know that brother. Well aware of it I just don't buck against the trend that's all. I am ready for the turn when it's shown to me clearly.
Too bad some troll can't see past their tinted glass lol.
Thank You
  • #126,299
  • Mar 12, 2009 4:15pm Mar 12, 2009 4:15pm
Quoting PipLand
Exactly one last ride down then im loading up on the longs, and i may even keep some running until we hit 1.5!

Check out the recent cot report data today from dailyfx

http://www.dailyfx.com/export/sites/...09-03-12_4.gif

GBPUSD – One-sided trader sentiment has left our forex trading strategies heavily short the GBP/USD. The ratio of long to short positions in the GBPUSD stands at 1.88 as nearly...

If you havent noticed before COT extremes have triggered some crazy crashes and rallies
  • #126,300
  • Mar 12, 2009 4:18pm Mar 12, 2009 4:18pm
Quoting PipLand
Exactly one last ride down then im loading up on the longs, and i may even keep some running until we hit 1.5!

Check out the recent cot report data today from dailyfx
I hear ya. We'll be on the same boat, I kid you not. Yup saw the cot report earlier too.
Thank You
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