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Cable Update (GBPUSD)

  • #191,261
  • Jan 7, 2010 7:24am Jan 7, 2010 7:24am
Quoting Jemmy
they have much more sophisticated technology than us..

they built pyramid thousand years before we learn about civil/architect engineering..

maybe they have trading forex for thousand years...
LMAO...Hopefully they'd also bring good news for trader

news incoming, hopes bring significant move.
Guide me please
  • #191,262
  • Jan 7, 2010 7:25am Jan 7, 2010 7:25am
Quoting Jemmy
have you ever hear that nibiru planet will visit earth 3 years later?

OMG they came earlier...
AVATAR Human ??
Always looking the GREAT, never left GOOD Point...
  • #191,263
  • Jan 7, 2010 7:31am Jan 7, 2010 7:31am
good news for usd down again ?
  • #191,264
  • Jan 7, 2010 7:32am Jan 7, 2010 7:32am
Still no clear direction...

Side lines do not look like such a bad place to be...
Don't tell me how much you can earn. Tell me how much you may lose..
  • #191,265
  • Jan 7, 2010 7:37am Jan 7, 2010 7:37am
Quoting dil
good news for usd down again ?
Unemployment claims, better than forecast, BUT still worse than last month - so probably won't have that much impact!!! That's how I see it. I might be wrong. May the force be with you!
May the forex be with you |
  • #191,266
  • Jan 7, 2010 7:40am Jan 7, 2010 7:40am
i am just staying in the sidelines... will just wait for a clear confirmation
  • #191,267
  • Jan 7, 2010 7:47am Jan 7, 2010 7:47am
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
...not much of a move on the number , it looks like a double bottom on 15 min just under 1.59... so going to try a bounce : bought at 1.5919 , targ 1.5945 , sl 1.5890 .....let's see
  • #191,268
  • Jan 7, 2010 7:57am Jan 7, 2010 7:57am
Quoting melba
...not much of a move on the number , it looks like a double bottom on 15 min just under 1.59... so going to try a bounce : bought at 1.5919 , targ 1.5945 , sl 1.5890 .....let's see

I think these is a right mowe! A bought at 1.5907 and my tp is 70 pip! We will see.
  • #191,269
  • Jan 7, 2010 7:57am Jan 7, 2010 7:57am
if it reach 1.5945 im going for a long
  • #191,270
  • Jan 7, 2010 8:01am Jan 7, 2010 8:01am
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
Quoting Tonka
I think these is a right mowe! A bought at 1.5907 and my tp is 70 pip! We will see.
...if it turns , i suppose my tp at 15945 is a bit shy , ..should aim for 15960 roughly or 38% retracmt.......let's see..
  • #191,271
  • Jan 7, 2010 8:02am Jan 7, 2010 8:02am
Quoting melba
...not much of a move on the number , it looks like a double bottom on 15 min just under 1.59... so going to try a bounce : bought at 1.5919 , targ 1.5945 , sl 1.5890 .....let's see
i go long @ 5920, hoping 5940 short term, re-enter long if hits 5958
  • #191,272
  • Jan 7, 2010 8:12am Jan 7, 2010 8:12am
Seems like fibo fan 1.3500 - 1.7041 - 61.8% ( yellow line) is a strong support !
Attached Image (click to enlarge)
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I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #191,273
  • Jan 7, 2010 8:15am Jan 7, 2010 8:15am
+67 pips up +1.6% for today trading up
  • #191,274
  • Jan 7, 2010 8:16am Jan 7, 2010 8:16am
I believe that the downtrend is over, and it has bottomed out. With less impressive news coming out of US,UK seems to be doing much better than EU and US together, despit the fact that overwhelming debt...

I firmly believe now with the prices touching above 1.5940, its time to buy and hold Gu...The next target would be very likely to be 1.6220
  • #191,275
  • Jan 7, 2010 8:16am Jan 7, 2010 8:16am
Double bottom formed at 5m and 15m. Neckline was broken so we might expect a bounce back from here. I entered long at 1.5918, TP 1.6000 SL 1.5880
  • #191,276
  • Jan 7, 2010 8:19am Jan 7, 2010 8:19am
Quoting Jassim
I believe that the downtrend is over, and it has bottomed out. With less impressive news coming out of US,UK seems to be doing much better than EU and US together, despit the fact that overwhelming debt...

I firmly believe now with the prices touching above 1.5940, its time to buy and hold Gu...The next target would be very likely to be 1.6220
Lets hope so!
May the forex be with you |
  • #191,277
  • Jan 7, 2010 8:19am Jan 7, 2010 8:19am
The move down from 8:00 pm EST last night was in 5 waves on the hourly chart from the 4th wave high as noted yesterday. The 4 hour now looks complete also unless extension occurs to the downside. Time wise we will have put in an intermediate term delta low point a few days early, however trading during the holiday season with missing days of action can attribute to this. I feel we now should be in place to have a sizable move north which may take out the highs of last year.
  • #191,278
  • Jan 7, 2010 8:24am Jan 7, 2010 8:24am
first trade down from 5947 +3
  • #191,279
  • Jan 7, 2010 8:25am Jan 7, 2010 8:25am
  •  melba
  • | Joined Nov 2009 | Status: ...just surfing the wave... | 97 Posts
Quoting melba
...not much of a move on the number , it looks like a double bottom on 15 min just under 1.59... so going to try a bounce : bought at 1.5919 , targ 1.5945 , sl 1.5890 .....let's see

...just took profits at 1.5949 for a 30 pips gain ......just following manize's advice , aiming for 40 p/ day , 4% of account , 80% per month ....enough to make you riiich ... enough ...
  • #191,280
  • Jan 7, 2010 8:26am Jan 7, 2010 8:26am
Quoting Jassim
I believe that the downtrend is over, and it has bottomed out. With less impressive news coming out of US,UK seems to be doing much better than EU and US together, despit the fact that overwhelming debt...

I firmly believe now with the prices touching above 1.5940, its time to buy and hold Gu...The next target would be very likely to be 1.6220
true mate but maybe not 1.62 , 161 would be very goood
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