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Cable Update (GBPUSD)

  • #242,181
  • Jul 31, 2010 5:29am Jul 31, 2010 5:29am
Quoting nAVIN2007
thank u




and u call yourself a professional trader..

Yes I do. Unlike you I'm risking real money and engaging in probabilities....not masturbating to charts on demo and making arrogant calls. If you are really so sure about price being at 1.6 by wednesday why not put your life savings on it and leverage up to the gills? NO...I thought not....

A bit less ego on this thread would go a long way
  • #242,182
  • Jul 31, 2010 6:39am Jul 31, 2010 6:39am
Quoting linleysound
Yes I do. Unlike you I'm risking real money and engaging in probabilities....not masturbating to charts on demo and making arrogant calls. If you are really so sure about price being at 1.6 by wednesday why not put your life savings on it and leverage up to the gills? NO...I thought not....

A bit less ego on this thread would go a long way
So what's your take of the situation?
  • #242,183
  • Jul 31, 2010 7:28am Jul 31, 2010 7:28am
Quoting budak baru
hi all

im still flat right now.still waiting for big drop.hopefully 1.57 hold.
hi all...

cable was tested 1.57.i will waiting sell if weekly candle open below 1.57.hopefully 1.57 hold.my target is 1.48.

happy weekend n good luck
Gold Expedition Return This Year: -16.6%
  • #242,184
  • Jul 31, 2010 9:44am Jul 31, 2010 9:44am
Now u all are HIP JIMS
  • #242,185
  • Jul 31, 2010 10:06am Jul 31, 2010 10:06am
hello to all

what do you say abou it?

Upon rising above level 1.5450, an uptrend will be developed with the upside target set at key resistance level 1.6900, from where a correction to support 1.5450 will be possible. Next, if the pair goes on above resistance 1.6900, the upside momentum will go stronger and the pair will head to resistance level 1.8530.

http://forexmillion.com/uploads/post...sd-monthly.gif
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  • #242,186
  • Jul 31, 2010 10:16am Jul 31, 2010 10:16am
hey guys Im a little confused..

what is significant about 1.700 that means that we have to fall? I stupidly last week - being a newbie is no real excuse really I know - kept failing and losing alot of pips as I kept thinking that this was the top and it was going to head down every day... but it kept going up - so just curious on why you think 1.70 is now - Ive decided to do alot more work on my charts this weekend and this is what I see - all thoughts welcome as only way one can learn..

But I still see alot of up and a decent support now of 1.5552, which is the 50% fibo off monthly chart - next stop possibly is 1.5872 and I know it'll need some drop down to gain momentum again, but thats what alot of people thought last week...





thanks
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"Millionaires don't use astrology, billionaires do"
  • #242,187
  • Jul 31, 2010 10:30am Jul 31, 2010 10:30am
It can go much higher. As it may be a C wave at the very least. But that doesn't mean it can't retrace enough to blow out some accounts.
  • #242,188
  • Edited 11:25am Jul 31, 2010 11:10am | Edited 11:25am
Quoting forex_growth
hey guys Im a little confused..

what is significant about 1.700 that means that we have to fall? I stupidly last week - being a newbie is no real excuse really I know - kept failing and losing alot of pips as I kept thinking that this was the top and it was going to head down every day... but it kept going up - so just curious on why you think 1.70 is now - Ive decided to do alot more work on my charts this weekend and this is what I see - all thoughts welcome as only way one can learn..

But I still see alot of up and a decent support now of...
The 1.70 level is just the highs from last year , there is also a tgt area from the triangle break in 1. 67 area so a good possibility to tag the highs from last year . On a side not , the mkt dont have to do anything in regards to statements you always hear of it must do this or it must do that etc . Look at the area to the left , pretty strait shot up once it made up its mind. Steroidman I am sure the ew wave counters are scratching their heads wondering what the price is doing and making staements such as yours it may be this or this etc , you hear that a lot around wave counters lol. something you must be aware of tho if there is a good defined count happening , There will be long and short trades to be had as this plays out , but at the moment would not be looking to get posistioned short overall thats for sure . That could all change in a heartbeat but at the moment too many things pointing up cheers
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  • #242,189
  • Jul 31, 2010 11:26am Jul 31, 2010 11:26am
this is what i see.price going to complete right shoulder.and also we had bearish divergence.
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Gold Expedition Return This Year: -16.6%
  • #242,190
  • Jul 31, 2010 12:02pm Jul 31, 2010 12:02pm
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good sunday!
  • #242,191
  • Edited 12:56pm Jul 31, 2010 12:16pm | Edited 12:56pm
Quoting linleysound
Yes I do. Unlike you I'm risking real money and engaging in probabilities....not masturbating to charts on demo and making arrogant calls. If you are really so sure about price being at 1.6 by wednesday why not put your life savings on it and leverage up to the gills? NO...I thought not....

A bit less ego on this thread would go a long way

the only ego issue i see is yours and what makes u think i don think in probabilities and also what makes u think im on a demo..all these assumption mess up your trading results..

yes i make an assumption u aint making money cause u dont read and u assume, u call yourself a professional yet u think nobody can make a forecast, read back and see if i have highlighted the potentail areas of support and resistance and if it didnt do what i thought, live b4 u throw yur BS into the thread
Take a chill pill and contibute as appossed to being a troll post a damn chart we call could learn a thing or two from a professsional
  • #242,192
  • Edited Aug 1, 2010 1:36am Jul 31, 2010 12:28pm | Edited Aug 1, 2010 1:36am
As do trade gu at times & used to check charts most time , checking it at this weekend again for an idea.

The bull continues above the daily resistance of 1.5483 & should continue as the weekly bull rally at its 9th candle next , 8th close above weekly candle close tl & though likely range more but still a upcandle probable , can limit upside at tl 1.5833 .
In daily tf , already got the sell signal for great retracement about to start before real sells but may not start immediately . still can up for few candles till loose the bull momentum.so due this signal at least a breakout possible in near term towards daily resistance 1.5483 before it go up to the weekly candle high.
anyway not expecting the tl at 1.5833 break so soon as after 1 more week when weekly will got a setup perfection & already daily sell signal confirmed there should occure very good pull back or retracements towards 1.4900 levels or support 1.4688 in only normal pa .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #242,193
  • Jul 31, 2010 1:57pm Jul 31, 2010 1:57pm
Hello traders...

Don't you think that it is better to spend your weekend outside trading world? I mean many other things are worth doing instead of lurking in the trading world...

Enjoy your weekend... No pre-analysis, just see what will happen in Monday...
(IMO)
  • #242,194
  • Jul 31, 2010 5:53pm Jul 31, 2010 5:53pm
Obamarama is now blaming the EU for the mess in the US, of course has nothing to do with his mismanagement and dodgy policies trying to socialise the country.

http://www.reuters.com/article/idUSTRE66T46K20100730
  • #242,195
  • Jul 31, 2010 6:05pm Jul 31, 2010 6:05pm
Quoting digger1
The 1.70 level is just the highs from last year , there is also a tgt area from the triangle break in 1. 67 area so a good possibility to tag the highs from last year . On a side not , the mkt dont have to do anything in regards to statements you always hear of it must do this or it must do that etc . Look at the area to the left , pretty strait shot up once it made up its mind. Steroidman I am sure the ew wave counters are scratching their heads wondering what the price is doing and making staements such as yours it may be this or this etc , you...
I do not know why ew counters scratching their heads... we are in wave 3 on weekly heading into 6500 ... mentioned this 2 weeks back ...
Blogging daily now at www.volume.zone
  • #242,196
  • Jul 31, 2010 6:36pm Jul 31, 2010 6:36pm
Quoting malcolmb14
I do not know why ew counters scratching their heads... we are in wave 3 on weekly heading into 6500 ... mentioned this 2 weeks back ...
lol, and 3 or 4 weeks before that we where going to 1.38 or 1.39 ha ha , then something happened lol, messing with you mal I could care less where it goes as long as it goes somewhere
  • #242,197
  • Jul 31, 2010 8:26pm Jul 31, 2010 8:26pm
Quoting digger1
lol, and 3 or 4 weeks before that we where going to 1.38 or 1.39 ha ha , then something happened lol, messing with you mal I could care less where it goes as long as it goes somewhere
This guy is the BIGGEST IDIOT on FF. He Flip Flops more then any politician on the planet & it says it all. Next week when we tank he will tell everyone he told you so 4 weeks ago! Tell him this is wave 5. He has his Tinfoil hat volume like he is connected to all the banks in the world & Blocks anyone from commenting on his forum he doesnt agree with. He is a Dictator not A TRADER!
  • #242,198
  • Edited 9:06pm Jul 31, 2010 8:51pm | Edited 9:06pm
Quoting Allseeingeye
This guy is the BIGGEST IDIOT on FF. He Flip Flops more then any politician on the planet & it says it all. Next week when we tank he will tell everyone he told you so 4 weeks ago! Tell him this is wave 5. He has his Tinfoil hat volume like he is connected to all the banks in the world & Blocks anyone from commenting on his forum he doesnt agree with. He is a Dictator not A TRADER!
Ah malc he is alrite , think everyone has got direction wrong a time or two or maybe even 3 lol, dont matter whos right or wrong there is plays either way no matter which way something is trending . Nothing goes in a strait line. As far as dictaitor lol, isint tht the purpose of having your own thread you can do that ha ha . Cloggie, yes with that bunch everything is always somebody elses fault lol. They have been sliding their bs in since 2006 when they gained controll of the house and senate . Ole barney frank and dud dodd changed some things for fannie and freddie tht added to the collaspe , and they are the ones who come up with the so called fiancial reform this ought to be a huge debacle in a few years especially since niether one are smart enough to pour piss out of a boot with the directions written on the heel. Really tho time for all the clowns in dc to go, all of them , start over .
  • #242,199
  • Jul 31, 2010 10:46pm Jul 31, 2010 10:46pm
Quoting digger1
The 1.70 level is just the highs from last year , there is also a tgt area from the triangle break in 1. 67 area so a good possibility to tag the highs from last year . On a side not , the mkt dont have to do anything in regards to statements you always hear of it must do this or it must do that etc . Look at the area to the left , pretty strait shot up once it made up its mind. Steroidman I am sure the ew wave counters are scratching their heads wondering what the price is doing and making staements such as yours it may be this or this etc , you...
sweet thanks bro
"Millionaires don't use astrology, billionaires do"
  • #242,200
  • Jul 31, 2010 10:47pm Jul 31, 2010 10:47pm
Watching this extended move (1491 pips), how many
have been caught anticipating a well overdue pullback?
But....

Dr. D.
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