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Cable Update (GBPUSD)

  • #133,181
  • May 20, 2009 7:13am May 20, 2009 7:13am
Quoting free4440273
jesus christ. short 5534
Jesus short 5534?
  • #133,182
  • May 20, 2009 7:14am May 20, 2009 7:14am
Quoting nooblaster
Let me suggest a reverse indicator.

Since 95% people lose money, whatever people on the forum are hoping, the markets will go the opposite way.

true?
thats because all 95 traders get in emotionally and use this phrase :cant get beyound that or under this price and usually market goes.
  • #133,183
  • May 20, 2009 7:20am May 20, 2009 7:20am
Quoting Marubozu
You might wanna consider this table before looking at correlations between EUR/USD, USD/CHF and GBP/USD...

http://www.forexhit.com/analyze-fore...relations.html
the strongest corellation are between cable, eur-usd and eur -gbp but you have to see wivh is the trigger from this 3 pairs and for that you have to look wich of them goes into ranging and which have the posibility to explode
  • #133,184
  • May 20, 2009 7:20am May 20, 2009 7:20am
Quoting free4440273
exit 5514
Nice
  • #133,185
  • May 20, 2009 7:22am May 20, 2009 7:22am
ask me for signals on eur-usd and gbp -usd to verify the strongest system that never fails.
  • #133,186
  • May 20, 2009 7:26am May 20, 2009 7:26am
Quoting Marubozu
You might wanna consider this table before looking at correlations between EUR/USD, USD/CHF and GBP/USD...

http://www.forexhit.com/analyze-fore...relations.html
I was talking abt the support and resistance levels in different pairs and their rise vs the GBP. Since EUR and CHF rose faster than GBP (rate of increase) and coming resistence/support for give back, GBP is like to suffer a larger decrease.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #133,187
  • May 20, 2009 7:36am May 20, 2009 7:36am
Quoting jibleanu
thats because all 95 traders get in emotionally and use this phrase :cant get beyound that or under this price and usually market goes.

Agreed but I also add another way to look at it.

50% are right, 50% wrong
of the 50% 50% stop loss too close leaving 25%
of these 50% are greedy and watch any profits disappear leaving 12.5%
of this half get it spot on so there you have the 5% or so.....

Food for thought
  • #133,188
  • May 20, 2009 7:37am May 20, 2009 7:37am
abcd pattern possibly.... needs to break the top thou..
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  • #133,189
  • May 20, 2009 7:37am May 20, 2009 7:37am
Quoting Bull_Bear
I was talking abt the support and resistance levels in different pairs and their rise vs the GBP. Since EUR and CHF rose faster than GBP (rate of increase) and coming resistence/support for give back, GBP is like to suffer a larger decrease.
Small decrease mayby but it will need to touch 1,5711 to get into a big decrease .The phrase it cant go beyound that it isnt good for money ))) it can and it will touch 1,56 today .))
  • #133,190
  • May 20, 2009 7:38am May 20, 2009 7:38am
Have one short opened now..... @ 1.5515, if market makes it back to 1.5545 will short again.... with SL 1.5565
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #133,191
  • May 20, 2009 7:41am May 20, 2009 7:41am
Quoting Bull_Bear
Have one short opened now..... @ 1.5515, if market makes it back to 1.5545 will short again.... with SL 1.5565
Good luck, my handcuffs are getting rusty.......still see no clear picture yet....
  • #133,192
  • May 20, 2009 7:49am May 20, 2009 7:49am
Quoting Bull_Bear
Have one short opened now..... @ 1.5515, if market makes it back to 1.5545 will short again.... with SL 1.5565
i closed out my longs...1.54 looks like where we are heading
  • #133,193
  • May 20, 2009 7:51am May 20, 2009 7:51am
Quoting jibleanu
Small decrease mayby but it will need to touch 1,5711 to get into a big decrease .The phrase it cant go beyound that it isnt good for money ))) it can and it will touch 1,56 today .))
I never said "it can make it beyond". I said it needs to break 1.5545..... I don't know much except support/resistance. I'm glad you u can dictate the price at your will... " it can and it will touch 1.56 today"
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #133,194
  • May 20, 2009 7:55am May 20, 2009 7:55am
Quoting Bull_Bear
I never said "it can make it beyond". I said it needs to break 1.5545..... I don't know much except support/resistance. I'm glad you u can dictate the price at your will... " it can and it will touch 1.56 today"
thats why the market suddenly went south...to finish him off at will, just for that comment
  • #133,195
  • May 20, 2009 7:57am May 20, 2009 7:57am
Quoting nAVIN2007
i closed out my longs...1.54 looks like where we are heading
Yup that 1.5545 was strong.....

I love how these guys wish me luck..
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #133,196
  • May 20, 2009 7:57am May 20, 2009 7:57am
Quoting Bull_Bear
I never said "it can make it beyond". I said it needs to break 1.5545..... I don't know much except support/resistance. I'm glad you u can dictate the price at your will... " it can and it will touch 1.56 today"
I dont dictate ,i just look at the signs .even if it goes to 1.53 ,it will be great oporunity to go long ,it will still go betond 1.5711 and then we can look for down trend ,not before .And will see if i wm right or not .if i wont be right i will apologise to you and to all other members.thx.
  • #133,197
  • May 20, 2009 7:58am May 20, 2009 7:58am
Quoting nAVIN2007
thats why the market suddenly went south...to finish him off at will, just for that comment
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #133,198
  • May 20, 2009 8:00am May 20, 2009 8:00am
Quoting Bull_Bear

I love how these guys wish me luck..
they just dont get it!!
  • #133,199
  • May 20, 2009 8:02am May 20, 2009 8:02am
go long now in this moment 1.5582 with tp 30 pips

Quoting jibleanu
I dont dictate ,i just look at the signs .even if it goes to 1.53 ,it will be great oporunity to go long ,it will still go betond 1.5711 and then we can look for down trend ,not before .And will see if i wm right or not .if i wont be right i will apologise to you and to all other members.thx.
  • #133,200
  • May 20, 2009 8:04am May 20, 2009 8:04am
Hi guys,

Looking at the weekly cable is likely to go to 1.65 in straight line or have a pause somewhere (or turn down...)


Apart from any major fundamental or fiscal change / change in government action what cause cable to consolidate or turn?

What can I look out for?

I am not sure on the charateristics of this "potential momentum" and the fading of it....

Thank you
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