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Cable Update (GBPUSD)

  • #236,421
  • Jul 8, 2010 5:23am Jul 8, 2010 5:23am
Quoting wormboy
better take your 13k before it disappears again like your 16k
i told you. like your 16k, this 13k is fast disappearing big boy.
better take your money now
Thank You
  • #236,422
  • Jul 8, 2010 5:24am Jul 8, 2010 5:24am
Quoting pepper
Lets see what happens at 1.5079.
Expected not down to this point
study of behavior and mind,conscious and unconscious
  • #236,423
  • Jul 8, 2010 5:29am Jul 8, 2010 5:29am
Quoting wormboy
i told you. like your 16k, this 13k is fast disappearing big boy.
better take your money now
You mean capt. Palm oil's $160 with 2 zeros conviently attached.
  • #236,424
  • Jul 8, 2010 5:29am Jul 8, 2010 5:29am
Quoting sclpzmalay
Expected not down to this point
What makes u expect things like that? Lower maybe?
  • #236,425
  • Jul 8, 2010 5:35am Jul 8, 2010 5:35am
Quoting mloistianto
What makes u expect things like that? Lower maybe?
Because 4H triple TOP! It will push to higher high again to break it
study of behavior and mind,conscious and unconscious
  • #236,426
  • Jul 8, 2010 5:38am Jul 8, 2010 5:38am
Quoting sclpzmalay
Expected not down to this point
Yesterday's low perfectly possible and more could go low 1.50s if adverse news at mid day
  • #236,427
  • Jul 8, 2010 5:39am Jul 8, 2010 5:39am
Quoting goodthings
The following data is based on this years price movement with the Gbp/Usd

It has moved a 100 pips the difference between the high and low 75% of the time 170/227days
The average distance between the High and Low is 138 pips.
It moves an average of 32 pips against the trend from the opening then reverses and moves 106 pips with the trend above or below its opening price.
The 23.6%retracement has been hit 96.4% of the time 219/227 days
The 38.2% retracement has been hit 82.88% of the time 188/227 days
The 50.0% retracement has been hit 70.4% of...
do these stats still hold true today?
Enter Signature
  • #236,428
  • Jul 8, 2010 5:41am Jul 8, 2010 5:41am
Quoting sclpzmalay
Because 4H triple TOP! It will push to higher high again to break it
Still dont get it.. Triple TOP means a total reversal sign.. why hoping another test? anyway, I will keep holding my short for the moment.
  • #236,429
  • Jul 8, 2010 5:42am Jul 8, 2010 5:42am
Quoting OldReigatian
Yesterday's low perfectly possible and more could go low 1.50s if adverse news at mid day

News can change the direction. We will see...
study of behavior and mind,conscious and unconscious
  • #236,430
  • Jul 8, 2010 5:44am Jul 8, 2010 5:44am
Quoting sclpzmalay
Expected not down to this point
1.5079 is just around the corner and it's quite a popular place for cable,it's been there 3 days in a row ,obviously likes it down there.
  • #236,431
  • Jul 8, 2010 5:45am Jul 8, 2010 5:45am
Quoting gotpips92
You mean capt. Palm oil's $160 with 2 zeros conviently attached.
ooops, captain. gotta excuse my breach of etiquette, I got screwed by an octopus. still recovering
Thank You
  • #236,432
  • Jul 8, 2010 5:50am Jul 8, 2010 5:50am
they're trying to settle her down at the W1 pvp right before the rates. how convenient lol.

Good luck to all.
Attached Image (click to enlarge)
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Thank You
  • #236,433
  • Jul 8, 2010 5:51am Jul 8, 2010 5:51am
I took a quick short from 5160 to 5128 but I am now out before the news.

Just tryin' to ride the waves as taught by Cloggie, Kill & co.
******************* I'd rather make money than be right.
  • #236,434
  • Jul 8, 2010 6:01am Jul 8, 2010 6:01am
[quote=nsrajesh;3859470]Hi all,
I am new to Forex Trading - having only few months of experience...

If thats the case shall i place two orders right now?
BUY - at 1.5260 &
SELL - at 1.5040




Clearly not. You'll burn your account if you trade this way. Get some reading first. Try out what you've read on the demo before venturing into Live.

If you can take out time and read the great write-ups and comments on this Forum, you'll be good in about 2 month's time
  • #236,435
  • Jul 8, 2010 6:06am Jul 8, 2010 6:06am
Yeah in profit...thanks GOD..

Official rate always rock pound when no change or positive change always rocks pound!
study of behavior and mind,conscious and unconscious
  • #236,436
  • Jul 8, 2010 6:10am Jul 8, 2010 6:10am
Clogg, u said it, nothing is gonna change in rates as u expected till sept. Well i hope we go for a ride up from WP which proved strong and falling nicely on the ltl of upward movement. See y'all ltr.
  • #236,437
  • Jul 8, 2010 6:15am Jul 8, 2010 6:15am
Quoting mloistianto
Still dont get it.. Triple TOP means a total reversal sign.. why hoping another test? anyway, I will keep holding my short for the moment.
because there is huge bearish diverence on dailly..and this some b*tch is ranging..this is known as macd neutralization ( simply put it is relieving the overbought condition)..i see the diverence but not believe the fall

will probably regret that! ..but this is long term trade for me so i expect this..but from a scalping position long is risky to say the least..who the hell knows for sure

going up will take a long time..going down could happen in a flash!..LOL
  • #236,438
  • Jul 8, 2010 6:18am Jul 8, 2010 6:18am
Quoting nAVIN2007
because there is huge bearish diverence on dailly..and this some b*tch is ranging..this is known as macd neutralization ( simply put it is relieving the overbought condition)..i see the diverence but not believe the fall

will probably regret that! ..but this is long term trade for me so i expect this..but from a scalping position long is risky to say the least..who the hell knows for sure
Yeah ...Many trader in this thread are short term basis
study of behavior and mind,conscious and unconscious
  • #236,439
  • Edited 6:20am Jul 8, 2010 6:19am | Edited 6:20am
Quoting fxoxford
another fool
Wrong post
  • #236,440
  • Jul 8, 2010 6:27am Jul 8, 2010 6:27am
Quoting sclpzmalay
Yeah ...Many trader in this thread are short term basis
POUND is holding up fantastically well..
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