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Cable Update (GBPUSD)

  • #225,661
  • May 11, 2010 11:22am May 11, 2010 11:22am
ok near the ema50 h4 and 1.500 level after about straight 270 point movement real deal is here hard to break 1.5012 i sell here let see
  • #225,662
  • May 11, 2010 11:22am May 11, 2010 11:22am
We may be able to trade this triangle for awhile, lets wait for the signs.

Jim
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  • #225,663
  • May 11, 2010 11:26am May 11, 2010 11:26am
Quoting Nene
We may be able to trade this triangle for awhile, lets wait for the signs.

Jim
I sell now
Thank You
  • #225,664
  • May 11, 2010 11:31am May 11, 2010 11:31am
Quoting Nene
Here is is guys and I know there are some out there that really don't know simple Fundamentals because they have been trained one way or another. But here is the simple plain truth about the price action. And I don't care who is being elected and who is jacking who, the bottom line is, " News releases will normally only drive the price to the nearest hardline support or resistance. This has happened recently I understand, and there is a lot of hoopla about people saying how the weekly UTL has been broken! Wwwwwrooongo!

Here is the skinny, The...
Nice explanation Jim! Thank you for your insight! Lets see how this one plays out!
  • #225,665
  • May 11, 2010 11:38am May 11, 2010 11:38am
Don't think it's gonna hit my 1H target of 5055. Wen't long at 4998 and decided to cut my losses. Bad, bad, bad day.
  • #225,666
  • May 11, 2010 11:39am May 11, 2010 11:39am
Good news expected and the City reports that the markets are no longer jittery but while this may see a honeymoon period for the bulls the truth is that sterling still has big problems and if the last couple of days of crazyiness are taken out sterling has been on the slide for quite a while.
Still bearish in the main.
  • #225,667
  • May 11, 2010 11:47am May 11, 2010 11:47am
Go LONG n GBP/GBP
  • #225,668
  • May 11, 2010 11:50am May 11, 2010 11:50am
Quoting bbakker
Araf SL ('Slow' for you English) Check his thread for more details and post questions regarding his system there. He is feeling lonely in there and needs some company
Thanx (whats ARAF?) Feel safer here if thats O.K.
All systems of divination, like music itself,work through patterns.
  • #225,669
  • May 11, 2010 11:52am May 11, 2010 11:52am
Quoting forexlion
Go LONG n GBP/GBP
why go long with pound now? Just asking cause it just took a few pips from me.
  • #225,670
  • May 11, 2010 11:55am May 11, 2010 11:55am
Quoting kaspopsicle
Thanx (whats ARAF?) Feel safer here if thats O.K.
Yeah, you're not wrong there!

ARAF is what I see on the Welsh roads whenever I go there. I thought it said SLOW ARAB, but then it slowly dawns on me that we are in Wales not the Middle East. I think the green mountains are a big giveaway
  • #225,671
  • May 11, 2010 11:56am May 11, 2010 11:56am
curse my damn impatient trigger finger right about now!!!!
(good call lion)
  • #225,672
  • May 11, 2010 11:56am May 11, 2010 11:56am
Quoting Ineedpips9
why go long with pound now? Just asking cause it just took a few pips from me.
He's gotcha! GBP/GBP pair does not exist!
  • #225,673
  • May 11, 2010 11:57am May 11, 2010 11:57am
Quoting Ineedpips9
curse my damn impatient trigger finger right about now!!!!
(good call lion)
patience is the key my friend! Go get them pips back
  • #225,674
  • May 11, 2010 11:58am May 11, 2010 11:58am
Quoting bbakker
He's gotcha! GBP/GBP pair does not exist!
u got it
  • #225,675
  • May 11, 2010 12:00pm May 11, 2010 12:00pm
Quoting bbakker
He's gotcha! GBP/GBP pair does not exist!
Didn't think he actually mean't gbp/gbp. I thought he mesed up and mean't cable. Almost put a hole in my wall just now for my impatience. Price just wen't to almost where I would've broke even!
  • #225,676
  • May 11, 2010 12:06pm May 11, 2010 12:06pm
now that i think about it, not even a 1st day newbie would actual fall for gbp/gbp. If they did, then they would have A LOT of learning to do. Anyways, bbaker, are you flat, or waiting fot the hourly resistance as well?
  • #225,677
  • May 11, 2010 12:08pm May 11, 2010 12:08pm
Quoting Ineedpips9
Didn't think he actually mean't gbp/gbp. I thought he mesed up and mean't cable. Almost put a hole in my wall just now for my impatience. Price just wen't to almost where I would've broke even!
Trade your charts, plan your trade and trade your plan! Everyone in this room has a different trading style and has different ideas on how to trade.

ForexLion.... Happy now?
  • #225,678
  • May 11, 2010 12:08pm May 11, 2010 12:08pm
We've just got word that the meeting of the Lib Dems' federal executive has been delayed by an hour - it'll now start at 2030 BST.
  • #225,679
  • May 11, 2010 12:09pm May 11, 2010 12:09pm
Nice one lion!

Ineed... will now now assume the nickname Billy the Kid for his youthfully exuberant trigger finger!
(Jus jokin Ineed..)
  • #225,680
  • May 11, 2010 12:12pm May 11, 2010 12:12pm
Don't feel bad about it Ineed....

I could trade GBP/GBP and still make a loss!!!!
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