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Cable Update (GBPUSD)

  • #195,661
  • Jan 25, 2010 6:57am Jan 25, 2010 6:57am
Quoting kuroro001
Hi,

Too early to short i'd say,i'll wait until it reaches the 1,6210-30 zone and check the PA once there.

And if goes down, i wish money for all shorts!

What About 238 - 270 !?

* Never Trust To Any Indicator *
  • #195,662
  • Jan 25, 2010 7:04am Jan 25, 2010 7:04am
Quoting manize
Can not avoid to push the long button on again ---> 1.6146 !

Try to be a long term trader. Many people says more better than scalper !
we are what we eat Bang...,if we eat plangton, are we a shark??

but don't worry...,pangolin (trenggiling) do that...,they just eat ants,,,sure alot..., just like you...,

semangat bang !!!!
I will be the number one Manager.
  • #195,663
  • Jan 25, 2010 7:09am Jan 25, 2010 7:09am
Lets see if the NewYork session does anything
  • #195,664
  • Jan 25, 2010 7:18am Jan 25, 2010 7:18am
Quoting Shad
What About 238 - 270 !?

Has started the H1 down cycle, so, I do not think it will reach that level.
Face both Win and Lose bravely
  • #195,665
  • Edited 7:32am Jan 25, 2010 7:20am | Edited 7:32am
Quoting javapips
we are what we eat Bang...,if we eat plangton, are we a shark??

but don't worry...,pangolin (trenggiling) do that...,they just eat ants,,,sure alot..., just like you...,

semangat bang !!!!
Good Luck and take it up friend !
I don't want to repeat a same mistake again on a probably huge retracement area ! Read posts since Friday, almost expert trader here or outside of the forum said, cable is moving on this area !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,666
  • Jan 25, 2010 7:27am Jan 25, 2010 7:27am
Quoting Shad
What About 238 - 270 !?


Yes why not... it will depends how it reacts around 1.6220
If it crushes it i'll target 1.6260 next

Hope it goes this way!
COT: The precious data ignored
  • #195,667
  • Jan 25, 2010 7:32am Jan 25, 2010 7:32am
Step By Step....

Attached Image
* Never Trust To Any Indicator *
  • #195,668
  • Jan 25, 2010 7:38am Jan 25, 2010 7:38am
Quoting Shad
Step By Step....


from up to the bottom
  • #195,669
  • Jan 25, 2010 7:47am Jan 25, 2010 7:47am
am i the only one short in the rooom darn i am only 190cm that all
  • #195,670
  • Jan 25, 2010 7:55am Jan 25, 2010 7:55am
Quoting kill56
am i the only one short in the rooom darn i am only 190cm that all
I maybe wrong, if next H1/H4 (close/open) hold above 1.6146 again, no more short in the rest of trading day ! News on 10 am may drive the other scenario !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,671
  • Jan 25, 2010 8:00am Jan 25, 2010 8:00am
Hi Folks,

what do you think of the flag on H1?

Regards
J
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdH1.png Size: 19 KB
  • #195,672
  • Jan 25, 2010 8:00am Jan 25, 2010 8:00am
Quoting manize
I maybe wrong, if next H1/H4 (close/open) hold above 1.6146 again, no more short in the rest of trading day ! News on 10 am may drive the other scenario !

bro if the dollar keep going up every thing will change
  • #195,673
  • Jan 25, 2010 8:01am Jan 25, 2010 8:01am
1.6160-6180 Is the resistance level, I await it to bounce and fall from there.
Where there is a will there is a way...
  • #195,674
  • Jan 25, 2010 8:03am Jan 25, 2010 8:03am
Quoting kill56
bro if the dollar keep going up every thing will change
Right now it's more the GBP that is going up than the USD....anyway the news will give us info about the direction for today

GBP is ready to go up....so we are
COT: The precious data ignored
  • #195,675
  • Jan 25, 2010 8:03am Jan 25, 2010 8:03am
Jump Up !
Attached Image
* Never Trust To Any Indicator *
  • #195,676
  • Jan 25, 2010 8:06am Jan 25, 2010 8:06am
Quoting nimmu1982
1.6160-6180 Is the resistance level, I await it to bounce and fall from there.
Let it go above 1.6200 first
COT: The precious data ignored
  • #195,677
  • Jan 25, 2010 8:09am Jan 25, 2010 8:09am
Quoting nimmu1982
1.6160-6180 Is the resistance level, I await it to bounce and fall from there.
80 n 20 is natural s/r for the pound.
A. Finesse Williams Making Millions One Pip At A Time!
  • #195,678
  • Jan 25, 2010 8:10am Jan 25, 2010 8:10am
Guys, let's me tell the truth. It's quite ridiculous here. Many posts are just rubbish. Screaming "longggggggg" or "shortttttttt" without giving any reasons or ideas for that. Many of you here seem over-rely on Technical Analysis, blindly. Do you know why i call "blindly"? Cause TA is just one part of the game. Everybody know TA, R or S and indicators as well. So why are there only 10% of traders win, and 90% lose? That's is MM, discipline, yeah, but more important, that's the ability to analyse the market sentiment that makes the difference.
USD recently has been appreciating against all other currencies. This up-trend is too quick, USD is overvaluing, and for sure US exporters don't like it. Thus this can hinder economic recovery. USD's gain in last few weeks had to thank FED intervention. In my opinion, FED wants USD to go up a little bit, to prepare for a next downtrend. This gonna happen when lots of US's important economic indices (be predicted as not good) will be released in the next few weeks. So GU will go UP, maybe from here. USD must retrace to its true value
  • #195,679
  • Jan 25, 2010 8:10am Jan 25, 2010 8:10am
Quoting kill56
bro if the dollar keep going up every thing will change
Maybe !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #195,680
  • Jan 25, 2010 8:11am Jan 25, 2010 8:11am
Quoting kuroro001
Right now it's more the GBP that is going up than the USD....anyway the news will give us info about the direction for today

GBP is ready to go up....so we are
I wont be so sure about GBPUSD going up, due to the fact that it was Christmas and new year last month and so existing home sales figure would probably be skyrocketing compared to normal months. But lets see
Where there is a will there is a way...
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