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Cable Update (GBPUSD)

  • #178,441
  • Oct 22, 2009 11:37pm Oct 22, 2009 11:37pm
Quoting cesararr
Did you already entry your short? if yes what is your entry..?

thanks.
nope, not yet

i never go against 1 hour charts
  • #178,442
  • Oct 22, 2009 11:38pm Oct 22, 2009 11:38pm
Waiting for a break of the trendline and then down she goes.
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  • #178,443
  • Oct 22, 2009 11:39pm Oct 22, 2009 11:39pm
Quoting forexlion
nope, not yet

i never go against 1 hour charts
plus my 1 min tail is below 0 line, so there is no question of going short as yet
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  • #178,444
  • Oct 22, 2009 11:40pm Oct 22, 2009 11:40pm
Quoting forexlion
nope, not yet

i never go against 1 hour charts

acording to 1h , is long way to confirm short singal.


im right?

thanks.
  • #178,445
  • Oct 22, 2009 11:42pm Oct 22, 2009 11:42pm
Quoting forexlion
nope, not yet

i never go against 1 hour charts
He is right. He is just initiating a down movement. but no sign of crash, just not yet.
  • #178,446
  • Oct 22, 2009 11:44pm Oct 22, 2009 11:44pm
I am already in short from 6640
  • #178,447
  • Oct 22, 2009 11:45pm Oct 22, 2009 11:45pm
Quoting forexlion
to meet her
http://tinyurl.com/ykrg3f6

[url protected for forum ethics, open only if you are over 18]
heyho. Why over 18 ? Is a simple pic u can see it overall on magazine on posters etc

Bah, 19 pips missed my pending order for short.
  • #178,448
  • Oct 22, 2009 11:47pm Oct 22, 2009 11:47pm
It was like a Dream... To Cable goes up a again. "The Trend is your Friend"

Please do take note the trend is upward... So to the newbies do not anticipate the end of a run till U see. Or better still sit it out. Thanks
  • #178,449
  • Oct 22, 2009 11:49pm Oct 22, 2009 11:49pm
i put my order to long at 1.6680
  • #178,450
  • Oct 22, 2009 11:52pm Oct 22, 2009 11:52pm
Quoting Reznik
It was like a Dream... To Cable goes up a again. "The Trend is your Friend"

Please do take note the trend is upward... So to the newbies do not anticipate the end of a run till U see. Or better still sit it out. Thanks

i totally agree whit you , but alot of comments make a newbie like me get a little confuse, ..

i think need continue on demo untill get more experience and learn to follow the trend....
  • #178,451
  • Oct 23, 2009 12:06am Oct 23, 2009 12:06am
Quoting forexlion
plus my 1 min tail is below 0 line, so there is no question of going short as yet

how is exactly the tail?
  • #178,452
  • Oct 23, 2009 12:08am Oct 23, 2009 12:08am
76.4% fib fan of the 7044-5707 drop and the base of the prev sw hi=prev res=potential res zone on the daily t/f provding the asian/overnight session resistance. 76.4% fib retrace level of same move is deeper in the zone.
G/L
http://i37.tinypic.com/1zlu8bc.gif
ex member
  • #178,453
  • Oct 23, 2009 12:13am Oct 23, 2009 12:13am
very sad but truth
another (4) depo fail
now demo n study again
think i lost somthing very important on my trades... oh yeah, the trend ! that is it

ohh.... my bucks...
  • #178,454
  • Oct 23, 2009 12:16am Oct 23, 2009 12:16am
Quoting Xtravaganz
heyho. Why over 18 ? Is a simple pic u can see it overall on magazine on posters etc

Bah, 19 pips missed my pending order for short.
18 is a bait, to make sure the person opens it
  • #178,455
  • Oct 23, 2009 12:18am Oct 23, 2009 12:18am
Quoting cesararr
how is exactly the tail?
.
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  • #178,456
  • Oct 23, 2009 12:20am Oct 23, 2009 12:20am
Quoting seliverstov8
very sad but truth
another (4) depo fail
now demo n study again
think i lost somthing very important on my trades... oh yeah, the trend ! that is it

ohh.... my bucks...
Try not to picking the top mate..
  • #178,457
  • Oct 23, 2009 12:25am Oct 23, 2009 12:25am
BOE’s Dale: Says challenge for future will be pace at which we withdraw QE

Written by Gerry Davies
October 23, 2009 at 06:48 GMT

Blimey BOE official talking about the eventual withdrawal of QE. Cable ticks higher, presently at 1.6650. EUR/GBP lower, flirting with psychological .9000.
Spencer Dale told Aberdeen’s Press and Journal “A challenge for the future will be the pace at which we withdraw the exceptional stimulus of the 175 bln pounds of quantitative easing the Bank of England has provided” adding “we will have to take things month by month while keeping an eye on inflation.”


BOE’s Posen: Says going to have to reverse extreme policy measures in medium term

Written by Gerry Davies
October 23, 2009 at 07:15 GMT

The boys are out in force this morning.
Bank of England’s Adam Posen has told BBC radio Scotland “In the medium term, meaning more than six months out, there’s no question that we’re going to have to reverse the extreme policy measures that we took.” However the offical said policymakers were being very cautious saying “The reason for very in very cautious is because there are high stakes involved. It’s not because things are that knife-edge or that uncertain but it’s that you don’t want to make a big mistake.”
  • #178,458
  • Oct 23, 2009 12:25am Oct 23, 2009 12:25am
Quoting forexlion
.

sorry for take your time, but how when the tail give you a signal to go short?

tahanks.
  • #178,459
  • Oct 23, 2009 12:27am Oct 23, 2009 12:27am
Overnight the Euro put in a higher high - by 10 pips and Swissy a lower low - by 2 pips! Cable's higher high was up 44 pips and came at todays R1 level of 6679.

Recent support has been around the days open level of 6625 and my last trade was a long off that area, looking to see if it can return to the R1 area, or if we get a pull back first. The 6600 level or the DP at 6580 would be the logical levels for any pull back......TWT

Lat month's high was at 6750 and this remains in play until a daily reversal.
Trading Levels with WRBs
  • #178,460
  • Oct 23, 2009 12:29am Oct 23, 2009 12:29am
A nice post by Eulogy - I couldn't have put it better - thanks E http://cdn.forexfactory.com/images/icons/icon7.gif

I'm cautioning everyone be careful here. Games are being played here as in about 4.5 hours time there's gonna be a huge wild card being played. If the GDP figure comes out positive then we'll have some justification for the recent surge in the GBP. If it comes out slightly negative do not be surprised that the GBP takes a quick tumble. If it comes out below the previous -0.6% then expect Cable to take a massive hit possibly all the way back down below 1.58 before the close of the week.
Trading Levels with WRBs
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