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Cable Update (GBPUSD)

  • #173,861
  • Oct 7, 2009 10:47am Oct 7, 2009 10:47am
Quoting nAVIN2007
oh.. im sorry bro!!
this market is absolute b*tch!! it really is..i have been in 4 trade today, and got it!! ony this one funny enough (still i might get a blow again) seem to be working

and oddly its the one which i consider the risk

it might come back down to finish me off!!!
bro i think its not going any place right now it will coome down oil oiil is down eur and the dow but i will not stay with her for long i will divorce the b;;;;;;h soon
  • #173,862
  • Oct 7, 2009 10:52am Oct 7, 2009 10:52am
Quoting JhonMonsalve
What about this?

Attachment
Head and shoulders?
The Sky is the Limit!
  • #173,863
  • Oct 7, 2009 11:00am Oct 7, 2009 11:00am
Quoting ahlamo
Head and shoulders?
Yep, without test of the right Shoulder.
"THE ALL is Mind; the Universe is Mental--held in the mind of THE ALL."
  • #173,864
  • Oct 7, 2009 11:03am Oct 7, 2009 11:03am
all i know is it sure comes down quick!!!

i will put ema in front of price
  • #173,865
  • Oct 7, 2009 11:04am Oct 7, 2009 11:04am
Quoting egkid
Ok, Have to go drop on the bed have work early.
Still have 2 shorts well.... we will see
Take care bro,
cya tommorow
Just back from long day at work
Don't say it! we still at 1.59
  • #173,866
  • Oct 7, 2009 11:06am Oct 7, 2009 11:06am
Interestingly so far today cable has not bothered it's Daily pivot or Daily S1/R1 trading inbetween DP and Dly s1 so far @ 46% of average 20day pip range...the 1hr chart below shows the potential supp/res/sbr/rbs factors as I see them on this t/f...double bottom at today's low, following the tweezer bottom around the London open...Plenty of potential resistance factors above current price?

G/L

http://i34.tinypic.com/2w49qw9.gif
ex member
  • #173,867
  • Oct 7, 2009 11:09am Oct 7, 2009 11:09am
Quoting TauTrader
Good day to you,

It's been a very difficult week for me so far. Did not get a lot of screentime and were looking for trades when I did have time to watch the charts.

Was stuck in a EU trade for most of the week and only got out today with only 5 pips to show. Also had to make up a loss that I started with of -70 pips. So I am on BE for the week...

Tough times!

Regards

BE is a success ! A 10k down is a failure

I made about $30 this week as I have been busy fighting the IRS and didnt have time

I see that as a lot better than the alternative

Telling the IRS I will see em in court - they want to charge 15% self employment tax (same as NHI contributions in the UK) on my UK employer pension - set of hidjuts - I will show them as Al Capone used to say

The Americans got rid of the Brits coz of oppressive and tyrannical tax people and look what happened. Meet the new boss - same as the old boss
  • #173,868
  • Oct 7, 2009 11:10am Oct 7, 2009 11:10am
Quoting egkid
Just back from long day at work
Don't say it! we still at 1.59

she's waiting for u bro to give her directions
  • #173,869
  • Oct 7, 2009 11:13am Oct 7, 2009 11:13am
Quoting kill
she's waiting for u bro to give her directions
i am offically sick of this currency..
  • #173,870
  • Oct 7, 2009 11:16am Oct 7, 2009 11:16am
Quoting nAVIN2007
all i know is it sure comes down quick!!!

i will put ema in front of price
yes.. you should "activate" your ema...

BTW.. London boys took profit, we are back in business and back in the wedge,, next one is test the 142, and closing above DPP will give us another 150p up to 143.30/50

15min, forming a wedge in UP TREND.. which results in 80% breaking to UPSIDE...

[Charts]
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GY3.png Size: 25 KB
Click to Enlarge Name: gy4.png Size: 25 KB
  • #173,871
  • Edited 11:32am Oct 7, 2009 11:17am | Edited 11:32am
Quoting fourxtrader
This I would like to see:

In the hours (more likely days) ahead, it should take a veritable 'bomb' to bust thru these recent lows, 1.5768 and 1.5801. However, if this could draw back (up) again and well above the 144 ema to gather the forces and compress these ema's (as seen previously in this chart) then it would move 'naturally and effortless' down and thru with sufficient energy to new lows.......
[color=blue]A significant retrace above the 144 ema (1.6100+)
is in order and would take less energy than a push
down through this current bottom (1.5800).

Still my observation.

So will the shorts get their "bomb" from data in the next
24 hrs or will the longs watch nature take her course.

[i]Dr. D.
Attached Image
  • #173,872
  • Edited 11:33am Oct 7, 2009 11:19am | Edited 11:33am
Quoting Piters
yes.. you should "activate" your ema...

BTW.. London boys took profit, we are back in business and back in the wedge,, next one is test the 142, and closing above DPP will give us another 150p up to 143.30/50

15min, forming a wedge in UP TREND.. which results in 80% breaking to UPSIDE...

[Charts]
nice work!!

i will be happy when the 4 hr breaks the high of the last..but yes definately looking good for upside
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 26 KB
  • #173,873
  • Oct 7, 2009 11:20am Oct 7, 2009 11:20am
Quoting allserene

Telling the IRS I will see em in court - they want to charge 15% self employment tax (same as NHI contributions in the UK) on my UK employer pension - set of hidjuts - I will show them as Al Capone used to say

The Americans got rid of the Brits coz of oppressive and tyrannical tax people and look what happened. Meet the new boss - same as the old boss
Why do you have 2 pay IRS if your employer is in the UK? You should pay inland revenue. Anyhow, what's the job u r doing?
  • #173,874
  • Oct 7, 2009 11:26am Oct 7, 2009 11:26am
Quoting kill
she's waiting for u bro to give her directions
Me,OK i think i will close it been about 10 days That enough it's nuts
  • #173,875
  • Oct 7, 2009 11:28am Oct 7, 2009 11:28am
.. need to break up past the resistance..to go to the otherside of wedge
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 27 KB
  • #173,876
  • Oct 7, 2009 11:28am Oct 7, 2009 11:28am
Quoting skerdi-meta
Why do you have 2 pay IRS if your employer is in the UK? You should pay inland revenue. Anyhow, what's the job u r doing?
I don't work - its a pension from my old employer in the UK and the UK doesn't tax it as I am non resident.

I pay tax on it to the IRS as income, but the IRS say I should pay self employment tax on it too (Its like NHI in the UK) - at 15% on top of normal tax - they are nuts - looks like a big fight which could last years

Great

They just arrested a woman who works in the IRS at my area office - she has been stealing letters in and out ! No doubt letters to and from me have been stolen

Great

I will have to make some dosh on forex just in case !

ok I am long euro and cable
  • #173,877
  • Oct 7, 2009 11:28am Oct 7, 2009 11:28am
Quoting allserene
BE is a success ! A 10k down is a failure

I made about $30 this week as I have been busy fighting the IRS and didnt have time

I see that as a lot better than the alternative

Telling the IRS I will see em in court - they want to charge 15% self employment tax (same as NHI contributions in the UK) on my UK employer pension - set of hidjuts - I will show them as Al Capone used to say

The Americans got rid of the Brits coz of oppressive and tyrannical tax people and look what happened. Meet the new boss - same as the old boss
You are so right. It could have been worse. Must remain grateful.

TAX... don't get me started. I personally work on a 21.5% directive and it takes some very creative accounting to get this level through revenue services. Normal small businesses like mine, are taxed @ 30%...

Come to think of it now - our laws are based on British law....

Wish you well in your efforts
  • #173,878
  • Oct 7, 2009 11:29am Oct 7, 2009 11:29am
Quoting ahlamo
Head and shoulders?
Hmmm....now I know you like head and shoulders.....


wassup Ahlam, hope everything's fine and dandy...
Hear the music before the song is over ...
  • #173,879
  • Edited 11:39am Oct 7, 2009 11:36am | Edited 11:39am
Quoting GlobalMacro
Hmmm....now I know you like head and shoulders.....


wassup Ahlam, hope everything's fine and dandy...
You know, i never got your name. But everything is well thanks. So long this annoying pair makes up its mind up/down? I personally prefer DOWN. Last rate decision, it kept going down and down, which is unusual becasue normally it spikes up then reverses on annoucement. I wouldn't mind that happening again this time.

How are you?
The Sky is the Limit!
  • #173,880
  • Oct 7, 2009 11:39am Oct 7, 2009 11:39am
Quoting TauTrader

Come to think of it now - our laws are based on British law....
It's true - I see so many similarities - except where someone is arrested and called filth and a scum bucket on telly and before the trial - that's totally alien to the Brits - but yes the rest is the same almost

closer than North Korean law I would bet

Hope is fading for the longs.... but no hope for shorts either - so I may close out if we dont get some action or I will be dribbled downed !
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