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Cable Update (GBPUSD)

  • #187,341
  • Dec 13, 2009 6:42pm Dec 13, 2009 6:42pm
Divergence on 30m and 60m first target retest of 6260 second target weekly pivot 6290
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  • #187,342
  • Dec 13, 2009 6:46pm Dec 13, 2009 6:46pm
Going to be working with some traders live stream chat into the new year, so won't be around as much.

In case I miss any of ya...

Best wishes to you and yours in the Holiday Season.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,343
  • Dec 13, 2009 6:48pm Dec 13, 2009 6:48pm
we migth be in a start of a new cicle up move
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  • #187,344
  • Dec 13, 2009 6:49pm Dec 13, 2009 6:49pm
Quoting Magix
Going to be working with some traders live stream chat into the new year, so won't be around as much.

In case I miss any of ya...

Best wishes to you and yours in the Holiday Season.

Goodluck bro ,hope you enjoy yourself and learn lots an lots an lots .
Have a happy XMAS and Happy New Year!
  • #187,345
  • Dec 13, 2009 6:54pm Dec 13, 2009 6:54pm
Quoting Tvrspeed12
Goodluck bro ,hope you enjoy yourself and learn lots an lots an lots .
Have a happy XMAS and Happy New Year!
Actually...

Teaching the basics.

But Thanks.

I have chatted to the admin about a live stream Forex chat...if we get enough interest, will get it up and running.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,346
  • Dec 13, 2009 6:59pm Dec 13, 2009 6:59pm
Quoting Magix
Actually...

Teaching the basics.

But Thanks.

I have chatted to the admin about a live stream Forex chat...if we get enough interest, will get it up and running.

Live forex chat would be awesome, great learning tool.

Give a man a fish he eats for a day, teach him to fish he eats for a lifetime.....
  • #187,347
  • Dec 13, 2009 7:02pm Dec 13, 2009 7:02pm
Quoting Tvrspeed12
Am i being unrealistic by saying 16350/80..?
Or am i in a dream world!
Ha. No not in a dream world. I just think that the 6270 is a temporary high that isn't going to break anytime soon. Don't listen to me though. If you want to buy, than buy that baby.
  • #187,348
  • Dec 13, 2009 7:11pm Dec 13, 2009 7:11pm
Quoting joemiami
Live forex chat would be awesome, great learning tool.

Give a man a fish he eats for a day, teach him to fish he eats for a lifetime.....
All are welcome.

One of the things I learned about teaching, is that when you help others to understand, it helps to solidify the information with yourself, and that what you may miss, others may be able to help you out with, it really is win win all around.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #187,349
  • Dec 13, 2009 7:13pm Dec 13, 2009 7:13pm
get out of my long for 16pip I don't feel it for now seam to have quit a pressure on the down side gbpjpy already crash more then 100pip so I wait for more clearly direction
  • #187,350
  • Dec 13, 2009 7:29pm Dec 13, 2009 7:29pm

Hmmmm.. Which way we gonna go this week.

Hopefully we will see this week........
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  • #187,351
  • Dec 13, 2009 7:34pm Dec 13, 2009 7:34pm
Quoting maxss280

Hmmmm.. Which way we gonna go this week.

Hopefully we will see this week........

We will go down but I am long big time
  • #187,352
  • Dec 13, 2009 7:36pm Dec 13, 2009 7:36pm
Quoting Lejumeau
we migth be in a start of a new cicle up move
i think your right with a new cycle up
maybe a retest of friday low
then i think we will see 165.50 166 this week
and then down to 160'00-159.50
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  • #187,353
  • Dec 13, 2009 7:41pm Dec 13, 2009 7:41pm
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Break the mini channel, and i will go long or short depending on the circumstances lets see how the market plays out this week..
  • #187,354
  • Dec 13, 2009 8:00pm Dec 13, 2009 8:00pm
Quoting joemiami
whats the importance of the carry trade?...if I may ask.

GU still trade with GJ n EJ, which Japanese Yen now is strong, n AUD also strong right now the graph almost same with Gold.
Carry trade = market now wants put their money on county which have a low interest rate. markets doesn't believe to market which have a high risk rate, that risky
  • #187,355
  • Dec 13, 2009 8:14pm Dec 13, 2009 8:14pm
Quoting bshcom
i think your right with a new cycle up
maybe a retest of friday low
then i think we will see 165.50 166 this week
and then down to 160'00-159.50

I don't know, selling pressure is pretty strong right now. If anything I think we would see 16000 first and then back up to 16550.
  • #187,356
  • Dec 13, 2009 8:24pm Dec 13, 2009 8:24pm
Quoting spivvster
I don't know, selling pressure is pretty strong right now. If anything I think we would see 16000 first and then back up to 16550.
you are right for now we have to wait for breakout from previous support or resistance to have a better idea where it is going.
Weekly is looking quit bearish on gbp and eur and what is matter to me it is that on the weekly we migth be rigth on the begining of a down turn, but still on weekly we can have more then 100pip move before it settle to one direction.
  • #187,357
  • Dec 13, 2009 9:04pm Dec 13, 2009 9:04pm
i hope GU goes down past the 1.6201
  • #187,358
  • Dec 13, 2009 9:19pm Dec 13, 2009 9:19pm
Quoting yinbyungheon
i hope GU goes down past the 1.6201
With Ease. Im thinkin the 16000 level.
  • #187,359
  • Dec 13, 2009 9:21pm Dec 13, 2009 9:21pm
This is aside from the market action but the GBP/USD is stagnant at the moment anyway- found this interesting and it has been hard to find-

Paul Tudor Jones Interview "Traders" interview predicting the '87 crash. Hope the link is allowed.. if so, enjoy-

http://www.tudou.com/programs/view/XH5W4vffBbY/
  • #187,360
  • Dec 13, 2009 9:26pm Dec 13, 2009 9:26pm
Everybody ready to buy yet?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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