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Cable Update (GBPUSD)

  • #241,041
  • Jul 26, 2010 7:28pm Jul 26, 2010 7:28pm
Quoting Allseeingeye
The people shorting know are the same people who will Change their minds & go long at the Top 1.5625 because they will be so psychologically tired from being in the RED that their brain will start telling them its going to 1.60!
maybe so maybe so......i wanna see how pa reacts to 200 ma and r1....we could get a pullback there.....im not gonna put any of my capital at risk there though....probability isnt good enough to bet against this trend.
  • #241,042
  • Jul 26, 2010 7:31pm Jul 26, 2010 7:31pm
The market may be bad, but I slept like a baby last night. I woke up every hour and cried.

http://img530.imageshack.us/img530/6140/21502205.gif
  • #241,043
  • Jul 26, 2010 7:37pm Jul 26, 2010 7:37pm
Quoting forexlion
The market may be bad, but I slept like a baby last night. I woke up every hour and cried.

http://img530.imageshack.us/img530/6140/21502205.gif
Dat berry funnie my Flend!
  • #241,044
  • Jul 26, 2010 7:37pm Jul 26, 2010 7:37pm
Quoting forexlion
The market may be bad, but I slept like a baby last night. I woke up every hour and cried.
I'm also holding my short trade. Mind sharing your SL in case we're wrong..really hope not crossing my fingers!!! Tks!
  • #241,045
  • Jul 26, 2010 7:39pm Jul 26, 2010 7:39pm
Thank God for the FOOD POLICE I feel so much Safer know that Those Funny people cant Commit Suicide Eating Omish Food!

http://www.latimes.com/business/la-f...,4951907.story
  • #241,046
  • Jul 26, 2010 7:48pm Jul 26, 2010 7:48pm
Quoting mfoste1
maybe so maybe so......i wanna see how pa reacts to 200 ma and r1....we could get a pullback there.....im not gonna put any of my capital at risk there though....probability isnt good enough to bet against this trend.
good plan
actually i said that because it's the same thing I'm doing
Watching & waiting for a reaction either from the W1 res level @5553 or dp @5470 before trading. Overall trend is undoubtedly up, but if the divergence is anything to go by it means it is losing strength.
Anyway, staying flat till either the upper or lower level gives way.

Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: g4.gif Size: 27 KB
Thank You
  • #241,047
  • Jul 26, 2010 7:56pm Jul 26, 2010 7:56pm
Quoting wormboy
good plan
actually i said that because it's the same thing I'm doing
Watching & waiting for a reaction either from the W1 res level @5553 or dp @5470 before trading. Overall trend is undoubtedly up, but if the divergence is anything to go by it means it is losing strength.
Anyway, staying flat till either the upper or lower level gives way.

Good luck.
They play with people all the time like this! You have 1 GAZZILLION Reasons to Short & NONE TO LONG Yet what happens IT GOES UP! I blew 20 accounts on picking the Top because 1 Gazzillion reasons said it was the TOP! One Kattrina size HAARP Hurricane & say hellow to 1.85!
  • #241,048
  • Jul 26, 2010 7:56pm Jul 26, 2010 7:56pm
Quoting maurofx
I'm also holding my short trade. Mind sharing your SL in case we're wrong..really hope not crossing my fingers!!! Tks!
my Stop Luck is the previous swing high on daily 5520

anything above that and there is no reason to hold shorts
  • #241,049
  • Jul 26, 2010 7:58pm Jul 26, 2010 7:58pm
Quoting wormboy
good plan
actually i said that because it's the same thing I'm doing
Watching & waiting for a reaction either from the W1 res level @5553 or dp @5470 before trading. Overall trend is undoubtedly up, but if the divergence is anything to go by it means it is losing strength.
Anyway, staying flat till either the upper or lower level gives way.

Good luck.
The market is weird. Every time one guy sells, another one buys, and they both think they're smart.
  • #241,050
  • Jul 26, 2010 7:59pm Jul 26, 2010 7:59pm
Quoting forexlion
my Stop Luck is the previous swing high on daily 5520

anything above that and there is no reason to hold shorts
Tks! I hope we don't need a retest of the highs and that 5500 area can cap this move. We'll see, good luck mate!
  • #241,051
  • Jul 26, 2010 8:00pm Jul 26, 2010 8:00pm
Quoting Allseeingeye
They play with people all the time like this! You have 1 GAZZILLION Reasons to Short & NONE TO LONG Yet what happens IT GOES UP! I blew 20 accounts on picking the Top because 1 Gazzillion reasons said it was the TOP! One Kattrina size HAARP Hurricane & say hellow to 1.85!
exactly
  • #241,052
  • Edited 8:57pm Jul 26, 2010 8:02pm | Edited 8:57pm
We cant reverse UNTIL PRICE STOPS! The USDX Daily & EUR/GBP Daily still pointing DOWN Only place the POUND can go is UP!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurocable.jpg Size: 159 KB
  • #241,053
  • Jul 26, 2010 8:05pm Jul 26, 2010 8:05pm
Quoting Allseeingeye
They play with people all the time like this! You have 1 GAZZILLION Reasons to Short & NONE TO LONG Yet what happens IT GOES UP! I blew 20 accounts on picking the Top because 1 Gazzillion reasons said it was the TOP! One Kattrina size HAARP Hurricane & say hellow to 1.85!
what are you on about?
I said my position is now flat & I am waiting to see the reaction when price tests either the W1 res level @5553 or dp @5470 before trading. That means, if the upper resistance @5553 fails, I will buy. If it holds, I will sell.
If the dp @5470 fails, I will sell. If it holds, I stay flat.

If you blew 20 accounts, that's your problem. Not everyone is like you.
Thank You
  • #241,054
  • Edited 8:36pm Jul 26, 2010 8:24pm | Edited 8:36pm
Quoting wormboy
what are you on about?
I said my position is now flat & I am waiting to see the reaction when price tests either the W1 res level @5553 or dp @5470 before trading. That means, if the upper resistance @5553 fails, I will buy. If it holds, I will sell.
If the dp @5470 fails, I will sell. If it holds, I stay flat.

If you blew 20 accounts, that's your problem. Not everyone is like you.
I'm not about anything I am just pointing out some important facts, currencies correlate & if the USDX is bearish & the EUR/GBP is bearish then we have no choice the GBP is bullish. I was answering to different people I don't care about who does what, but Newbies are Emotional traders & they wont understand how it can keep going up, by watching the USDX & EUR/GBP they get a CLEARER PICTURE! As for my 20 Accounts we are not all experienced from Birth & I was taught by Old Timers & have been at this for over 20 years & was taught that DEMO = DUMMY! Do you see me telling Forexlion to go long no he is experienced look at your answer to me & what I said about people turning Bullish at the top! Good luck I only tried to help I use USDX & EUR/GBP to guide me! I am starting to see why the Good Traders leave these places, because we are Competing Egos & if you really look at things as just friends helping each other with different views it would be a much more pleasant place to visit & share!
  • #241,055
  • Jul 26, 2010 8:37pm Jul 26, 2010 8:37pm
Quoting mfoste1
exactly
Morning
I checking so fast before i go to my work
G/U in my view 1.55 last call for bulls but as i say everyone trade his own chart AND His TF
SO If u r short PLEASE Take Care
I will be back@US Session
GL
Egkid
  • #241,056
  • Jul 26, 2010 8:39pm Jul 26, 2010 8:39pm
Inserted Video
  • #241,057
  • Jul 26, 2010 8:49pm Jul 26, 2010 8:49pm
Quoting forexlion
http://www.youtube.com/watch?v=DZcQWhuVp0c
tell me does your crystal ball have this comercial with Subtitles?
  • #241,058
  • Jul 26, 2010 8:54pm Jul 26, 2010 8:54pm
normally if DAX is DOWN Pound is DOWN too

just FYI

Quoting Allseeingeye
We cant reverse UNTIL PRICE STOPS! The DAX Daily & EUR/GBP Daily still pointing DOWN Only place the POUND can go is UP!
Its all in the mind.
  • #241,059
  • Jul 26, 2010 8:56pm Jul 26, 2010 8:56pm
Quoting 5abi
normally if DAX is DOWN Pound is DOWN too

just FYI
When I said DAX I meant USDX! look at the Chart!
  • #241,060
  • Jul 26, 2010 8:58pm Jul 26, 2010 8:58pm
Quoting Allseeingeye
tell me does your crystal ball have this comercial with Subtitles?
well its the same from every angle, if in doubt just flip it
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