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Cable Update (GBPUSD)

  • #256,521
  • Sep 28, 2010 5:59am Sep 28, 2010 5:59am
Quoting dag777
just wanted to hear your evaluation on the DOW,
cause i have some investmentfunds from before Lehmann crash,
at 11000 i have the value as before the crisis and have to make a decision.
I think the better solution for fueling economy is doing it the "natural" way, not by printing masses of artificially money, wonder how long FED can continue doing this, i think they already have panic about deflationairy tendences?

Technically I am looking at a DOW of 11250 next, however fundamentally this could go either way, let's be honest there is no fundamental reason for the DOW to be over 8000
  • #256,522
  • Sep 28, 2010 6:01am Sep 28, 2010 6:01am
in at 58591. SL at 58441 (200 EMA@1M TF).
  • #256,523
  • Sep 28, 2010 6:01am Sep 28, 2010 6:01am
i dont think we going to move anywhere today..might range for 3 days forming a diamond and then break out to the top side..

but thats just a thought no real substance to it..but it has the making of a broaden triangle
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  • #256,524
  • Sep 28, 2010 6:11am Sep 28, 2010 6:11am
http://4.bp.blogspot.com/_tqOfWfusQ3...h_feelings.jpg
  • #256,525
  • Sep 28, 2010 6:12am Sep 28, 2010 6:12am
Quoting PiptheRipper
Hey PawPaw. Hope it's all good that side.
Have you considered higher TF's? Since you only have a few hours to trade, that might be the way to go. It's much less stressful and frustrating, coz you won't get caught out on the small fakes.

Just trying to help and give advise. I'm not here to tell you to change anything. I work full time and can't always manage and concentrate on my trades, even though I use metatrader mobile.

Since I moved up to Higher TF's I've been much more relaxed and I've been making better decisions which led to profits....
Heya ripper...

Been thinking about it but want to give my trading another month before I decide... Bad start so far, let's see...
@pawpaw1000 on Twitter
  • #256,526
  • Sep 28, 2010 6:12am Sep 28, 2010 6:12am
Quoting cloggie
Technically I am looking at a DOW of 11250 next, however fundamentally this could go either way, let's be honest there is no fundamental reason for the DOW to be over 8000
yes, fully agree. Last high will be crossroads.
If we get any bad news for example about USA/Iran
i am prepared to sell and hold cash, thx
  • #256,527
  • Sep 28, 2010 6:15am Sep 28, 2010 6:15am
Quoting Sutts
Surely you mean wait for bullish hidden divergence to go long?

till when you will wait hidden bullish div?? next week?
Bullish divergent already happened this morning..,(see BBmac and Pipchick chart)
I will be the number one Manager.
  • #256,528
  • Sep 28, 2010 6:16am Sep 28, 2010 6:16am
Well, call me a suspicious old goat, but I see this as the pro's redistributing at the highs to the retail trade. Looking to re-short any touch of .5875 again if they can get it there.

Reason, long term triangle now at the top. Entered triangle in downward direction, triangle is continuation and the bottom line is now 250 pips below.
So, we are now right at the top of that triangle and a good place to re-distribute. Out if we make a new high.
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  • #256,529
  • Sep 28, 2010 6:21am Sep 28, 2010 6:21am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting samirb
update.. as i said before it will touch yellow ltl before we break 15730.

Good luck

Good day everyone,

Closed longs at 15885. beause of broading top formation..
expecting retracement.. i will stay flat untill the pattern invalid or better entry to jump in..

Good luck
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  • #256,530
  • Sep 28, 2010 6:24am Sep 28, 2010 6:24am
Quoting samirb
Good day everyone,

Closed longs at 15885. beause of broading top formation..
expecting retracement.. i will stay flat untill the pattern invalid or better entry to jump in..

Good luck
good move i think..we ain going nowhere today i think
  • #256,531
  • Sep 28, 2010 6:29am Sep 28, 2010 6:29am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting nAVIN2007
good move i think..we ain going nowhere today i think

hello bro
how you doing..Glad to see your all positions in +ve now.. i m expecting some retracement.. have you seen the last chart which i posted broadning top formation unless its invalid..

Good luck in your long term target

Regards
  • #256,532
  • Sep 28, 2010 6:29am Sep 28, 2010 6:29am
Evertime I refresh the screen it comes back to my last post instead of where I refreshed from. Does every body else get this problem here?
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  • #256,533
  • Sep 28, 2010 6:30am Sep 28, 2010 6:30am
I am flat now, bellow 58203 I will look for short entries on pullbacks.
  • #256,534
  • Sep 28, 2010 6:34am Sep 28, 2010 6:34am
Quoting samirb
hello bro
how you doing..Glad to see your all positions in +ve now.. i m expecting some retracement.. have you seen the last chart which i posted broadning top formation unless its invalid..

Good luck in your long term target

Regards

thanks buddy..
u too..have a good one!
  • #256,535
  • Sep 28, 2010 6:41am Sep 28, 2010 6:41am
Quoting Uphios
Evertime I refresh the screen it comes back to my last post instead of where I refreshed from. Does every body else get this problem here?
that happens
  • #256,536
  • Sep 28, 2010 6:43am Sep 28, 2010 6:43am
Quoting Uphios
Well, call me a suspicious old goat.
you suspicious old goat.
  • #256,537
  • Sep 28, 2010 6:49am Sep 28, 2010 6:49am
Quoting Qu|cksilver
Hi,
Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
I see cable going long more this week.
I am long already and doing well
  • #256,538
  • Sep 28, 2010 7:07am Sep 28, 2010 7:07am
Quoting 1fxsignal
I see cable going long more this week.
I am long already and doing well
nice second post..u are reply to a post back in BC

WELCOME TO THE WORLD OF FOREX
  • #256,539
  • Sep 28, 2010 7:08am Sep 28, 2010 7:08am
Quoting 1fxsignal
I see cable going long more this week.
I am long already and doing well
good to hear. are you new to trading?
  • #256,540
  • Sep 28, 2010 7:10am Sep 28, 2010 7:10am
Quoting fxvoilaaa
good to hear. are you new to trading?

maybe 20 yrs and just join FF
555 traders viewing now, 4 are registered:
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ricmaj
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