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Cable Update (GBPUSD)

  • #202,601
  • Mar 1, 2010 9:29am Mar 1, 2010 9:29am
Hey digger, did you take the trigger?
Attached Image (click to enlarge)
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202,602
  • Mar 1, 2010 9:31am Mar 1, 2010 9:31am
Quoting Magix
Hey digger, did you take the trigger?
dude couldnt help it lol,
  • #202,603
  • Mar 1, 2010 9:32am Mar 1, 2010 9:32am
Quoting cesarg
February 1985 1.0463
March 1985 1.0545
FXDD historical quotes
My charts don't go that far back

Well.. maybe it was not misquoted then! It is £ bashing time! Even the big boys think so!

"The difference in the number of wagers by hedge funds and other large speculators on a decline in the pound compared with those on a gain -- so-called net shorts -- was 62,884 on Feb. 23, compared with net shorts of 56,079 a week earlier, the figures from the CFTC on Feb. 26 showed."

http://www.bloomberg.com/apps/news?p...d=aCgDox_bCVug
  • #202,604
  • Mar 1, 2010 9:32am Mar 1, 2010 9:32am
Quoting digger1
dude couldnt help it lol,
Like shooting fish in a barrel...
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202,605
  • Mar 1, 2010 9:34am Mar 1, 2010 9:34am
Bounced off 38.2, just gone back down past 23.6.

This is crazy.
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  • #202,606
  • Mar 1, 2010 9:35am Mar 1, 2010 9:35am
Quoting Magix
Like shooting fish in a barrel...
magix its been like this for 2 weeks ha ha
  • #202,607
  • Mar 1, 2010 9:39am Mar 1, 2010 9:39am
Quoting digger1
magix its been like this for 2 weeks ha ha


Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #202,608
  • Mar 1, 2010 9:39am Mar 1, 2010 9:39am
Quote
Soros was short on gold at the beginning of Feb but on the 18th February Soros has more than doubled his investment in gold, despite calling it the "ultimate bubble" just weeks ago. He is short on Euro as well as GBP. Greece could default on it's debts by mid-March which would send the Euro crashing!

http://news.bbc.co.uk/1/hi/8521680.stm

Trying to navigate in these choppy waters is not easy!

One can trend these choppy waters with trend trading but the problem is G/U is not obeying fib retracement and keeps going down and down !!
  • #202,609
  • Mar 1, 2010 9:44am Mar 1, 2010 9:44am
Just saw a morning doji star.. is it a short-term bullish or longer?
  • #202,610
  • Edited 10:07am Mar 1, 2010 9:51am | Edited 10:07am
Quoting cesarg
Thanks manize, in fact i actually have 3 positions long since:

1.47864 SL @ 4835 target 1.5810
1.48942 SL @ 4897 target 1.5305 CLOSED +27.9
1.49215 SL @ be (open after news, looking 1.5185) CLOSED +3.1

let's see what happens... i know i'm crazy.
well, while i wrote this, the upper 2 was closed... i reenter long at 1.4890. now at be +3, and +45 and going target 1.5130

how i like to see a great pin in daily
  • #202,611
  • Mar 1, 2010 9:51am Mar 1, 2010 9:51am
Just back from my work
What happen To GBP
  • #202,612
  • Mar 1, 2010 10:02am Mar 1, 2010 10:02am
Quoting egkid
Just back from my work
What happen To GBP
Nuclear BOMB
  • #202,613
  • Mar 1, 2010 10:04am Mar 1, 2010 10:04am
Britishers are not happy that pound is being thrashed.
  • #202,614
  • Mar 1, 2010 10:06am Mar 1, 2010 10:06am
Quoting Baby-Trader
Nuclear BOMB
That is why i never trade against the trend
  • #202,615
  • Mar 1, 2010 10:29am Mar 1, 2010 10:29am
I'm staying out of gu way today. That big move break my support level at 1.4856, means that bearish trend will come after some recovery that is happening right now.

Waiting for the recovery to clear out before diving to sell gu again, which might happen by tommorrow. I doubt it will happen today.
  • #202,616
  • Mar 1, 2010 10:32am Mar 1, 2010 10:32am
Will 1.5000 be the new resistance? As Forex Crunch states "Further below, 1.50 is already a very strong line. It’s a round number and also worked as a resistance line in the past." It is testing it now... Good time to take a short position?
  • #202,617
  • Mar 1, 2010 10:34am Mar 1, 2010 10:34am
Quote:
Originally Posted by manize http://cdn.forexfactory.com/images/buttons/viewpost.gif
Assuming it will come true, after USD news, a probabiliy spikes maybe at 1.4905 or 1.4985 or 1.5042 !


Quoting nek17
4905 hit
4985 hit interesting now
  • #202,618
  • Mar 1, 2010 10:36am Mar 1, 2010 10:36am
The storm has over about 1 hour back, take a break, friends.
Face both Win and Lose bravely
  • #202,619
  • Mar 1, 2010 10:48am Mar 1, 2010 10:48am
I hear that there is some kind of election that is close and this could be effecting cable...anyone have any information?
  • #202,620
  • Mar 1, 2010 10:58am Mar 1, 2010 10:58am
Quoting bbakker
Will 1.5000 be the new resistance? As Forex Crunch states "Further below, 1.50 is already a very strong line. It’s a round number and also worked as a resistance line in the past." It is testing it now... Good time to take a short position?
Let's worry about the current price right now..... why worry about 1.5 and 1.6 at this time??
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