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Cable Update (GBPUSD)

  • #127,081
  • Mar 18, 2009 11:09am Mar 18, 2009 11:09am
i'm short from 1.3971...


any chance it will go down?
  • #127,082
  • Mar 18, 2009 11:12am Mar 18, 2009 11:12am
yes, but what was your reason to sell?
  • #127,083
  • Mar 18, 2009 11:13am Mar 18, 2009 11:13am
I'm still short, and add new short @ 4005
  • #127,084
  • Mar 18, 2009 11:17am Mar 18, 2009 11:17am
Quoting shiva
yes, but what was your reason to sell?

well im a newbie here..
i sell because that's what most of the Guru's here told and base on their chart.

anyway just asking for a confirmation will it go down...
  • #127,085
  • Mar 18, 2009 11:22am Mar 18, 2009 11:22am
Watching this trendline on the 15 and 1hr. consistant resistance so far.
Attached Image (click to enlarge)
Click to Enlarge Name: 15min.JPG Size: 121 KB
  • #127,086
  • Mar 18, 2009 11:27am Mar 18, 2009 11:27am
Quoting Postman
well im a newbie here..
i sell because that's what most of the Guru's here told and base on their chart.

anyway just asking for a confirmation will it go down...
Nobody know that! We are only retailers... bank are making moves.
Until 1.3960 broken clearly, no down move is to expect.
  • #127,087
  • Mar 18, 2009 11:32am Mar 18, 2009 11:32am
I think yes, but the probability of my being right is uncertain
If a H1 candle closes below 1.3960, i think its fairly certain that trend is down

Quoting Postman
well im a newbie here..
i sell because that's what most of the Guru's here told and base on their chart.



anyway just asking for a confirmation will it go down...
  • #127,088
  • Mar 18, 2009 11:32am Mar 18, 2009 11:32am
Quoting Inzider
Nobody know that! We are only retailers... bank are making moves.
Until 1.3960 broken clearly, no down move is to expect.
you're gonna spook him matt. He just took the trade.
Postman, technically it does look like there's further selling. Prolly not today, consolidation looks to be in. But nothing is certain, just manage your risk well & get those stops ready just in case.
Good luck
Thank You
  • #127,089
  • Mar 18, 2009 11:34am Mar 18, 2009 11:34am
Quoting Inzider
Nobody know that! We are only retailers... bank are making moves.
Until 1.3960 broken clearly, no down move is to expect.
roger dat bro...
thanks!..


  • #127,090
  • Mar 18, 2009 11:38am Mar 18, 2009 11:38am
Quoting Postman
well im a newbie here..
i sell because that's what most of the Guru's here told and base on their chart.

anyway just asking for a confirmation will it go down...
If I was to tell you that AIG shares will triple in the next 3 months, would you buy some ?

Dont follow leaders - watch your parking meters
  • #127,091
  • Mar 18, 2009 11:39am Mar 18, 2009 11:39am
Quoting wormboy
you're gonna spook him matt. He just took the trade.
Postman, technically it does look like there's further selling. Prolly not today, consolidation looks to be in. But nothing is certain, just manage your risk well & get those stops ready just in case.
Good luck
LoL, sorry me!
Maby i took it to large, your right.
The word "newbs" made me feel to start from beginning.

Probabilities are purely mixed right now, no clear direction.
We'll need another "event" to make that move one side or another.
Maby USA bonds news at 3pm gmt-5 or Dow close.
_________________

Well said, if money is well managed the call ain't a pain.
_________________

I won't do it again! LOL
  • #127,092
  • Mar 18, 2009 11:42am Mar 18, 2009 11:42am
Quoting allserene
If I was to tell you that AIG shares will triple in the next 3 months, would you buy some ?

Dont follow leaders - watch your parking meters

Hey it could happen Citibank tripled in 2 weeks
  • #127,093
  • Edited 12:32pm Mar 18, 2009 12:16pm | Edited 12:32pm
I'll short at a level between the yellow line, TP a level between the red line, SL 1.4080 !
Attached Image (click to enlarge)
Click to Enlarge Name: 180309a.gif Size: 62 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #127,094
  • Mar 18, 2009 12:24pm Mar 18, 2009 12:24pm
GU h1
Attached Image (click to enlarge)
Click to Enlarge Name: gu_19mar09_h1.gif Size: 32 KB
  • #127,095
  • Mar 18, 2009 12:28pm Mar 18, 2009 12:28pm
Dear Man

Perfect chart

all technical charts point to down,,,but it is Forex man,,I keep my two short positions till now waiting for a TP on 1.3510

Wish me Luck


Quoting mphpopular
GU h1
  • #127,096
  • Mar 18, 2009 12:42pm Mar 18, 2009 12:42pm
Salam Mohfaid, when do you expect to get to 1.3510? I am sure its coming, but cant say when.
Quoting mohfaid
Dear Man

Perfect chart

all technical charts point to down,,,but it is Forex man,,I keep my two short positions till now waiting for a TP on 1.3510

Wish me Luck
  • #127,097
  • Mar 18, 2009 1:00pm Mar 18, 2009 1:00pm
Trend is definetly down. Lots of resistance on top and bottom of cloud. Cable will have to break bottom of cloud around 1.3875 before it really tumbles. JMO
Attached Image (click to enlarge)
Click to Enlarge Name: gb.gif Size: 19 KB
  • #127,098
  • Mar 18, 2009 1:19pm Mar 18, 2009 1:19pm
wooohoooo
Thank You
  • #127,099
  • Mar 18, 2009 1:20pm Mar 18, 2009 1:20pm
Quoting wormboy
wooohoooo
lol, lively few minutes...
  • #127,100
  • Mar 18, 2009 1:21pm Mar 18, 2009 1:21pm
What a hell news come suddenly ?
I only trade XAU/USD. Based on USD news & Fib SR & BB20
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