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Cable Update (GBPUSD)

  • #299,921
  • Feb 4, 2012 11:45am Feb 4, 2012 11:45am
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90% of traders use TA, indicators and prediction
  • #299,922
  • Feb 4, 2012 1:41pm Feb 4, 2012 1:41pm
Quoting nuclearoptio
There are two countries in the world that have massive government debt. Japan and Great Britain. Both of these currencies are long-term sells. Just remember that.
I will try to remember that, if you can remember the USA debt.
Come with me if you want to live....
  • #299,923
  • Feb 4, 2012 1:46pm Feb 4, 2012 1:46pm
Quoting Ill-b-back
I will try to remember that, if you can remember the USA debt.
I'm a day trader with a 6 week old child, I can't remember yesterday.
Come with me if you want to live....
  • #299,924
  • Feb 4, 2012 2:52pm Feb 4, 2012 2:52pm
Quoting nuclearoptio
There are two countries in the world that have massive government debt. Japan and Great Britain. Both of these currencies are long-term sells. Just remember that.

good luck with this thinking..heres a chart for u..hopefully u smell the coffee b4 its to late

if it goes it will fly..unless im wrong of-course
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  • #299,925
  • Feb 4, 2012 3:03pm Feb 4, 2012 3:03pm
cable is in a bullish momentum for this coming week...it is supported by the monthly candle, so i think the rise will be substantial
Attached Image (click to enlarge)
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  • #299,926
  • Feb 4, 2012 3:04pm Feb 4, 2012 3:04pm
Quoting nAVIN2007
good luck with this thinking..heres a chart for u..hopefully u smell the coffee b4 its to late

if it goes it will fly..unless im wrong of-course
yes things are very well lined up!
90% of traders use TA, indicators and prediction
  • #299,927
  • Feb 4, 2012 3:06pm Feb 4, 2012 3:06pm
Quoting JTattheRanch
Are there any experts out there that can tell me if there's a limit on how much an investor or trader can make while trading currencies on the Forex market? At what point does it become detrimental to the broker of choice to keep allowing a client to pull in huge gains? Is it 10 G a week? 20 G a week?...

Thanks in advance for anyone who has advice on this.

what is a "G" ?
90% of traders use TA, indicators and prediction
  • #299,928
  • Feb 4, 2012 3:06pm Feb 4, 2012 3:06pm
Quoting nuclearoptio
There are two countries in the world that have massive government debt. Japan and Great Britain. Both of these currencies are long-term sells. Just remember that.
heres a hint for u those with the most gold will rise so do ur hw in that one
  • #299,929
  • Feb 4, 2012 3:07pm Feb 4, 2012 3:07pm
the weekly is also showing 3 strong white soldiers .
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Click to Enlarge Name: gbp.usd w.png Size: 50 KB
  • #299,930
  • Feb 4, 2012 3:07pm Feb 4, 2012 3:07pm
Quoting _BBKing_
what is a "G" ?
r u trying to be funny lol g for grand
  • #299,931
  • Feb 4, 2012 3:10pm Feb 4, 2012 3:10pm
Quoting _BBKing_
what is a "G" ?
$1000
Come with me if you want to live....
  • #299,932
  • Feb 4, 2012 3:11pm Feb 4, 2012 3:11pm
so for me there is a final leg before an important retracement and move back up...But to take full advantage of your technical analysis, you should add psychology too...read this article, it will help you a lot
http://www.yen-to-pounds.net/Forex-Trading-Wisdom.html
  • #299,933
  • Feb 4, 2012 3:20pm Feb 4, 2012 3:20pm
Quoting dailyking
so for me there is a final leg before an important retracement and move back up...But to take full advantage of your technical analysis, you should add psychology too...read this article, it will help you a lot
http://www.yen-to-pounds.net/Forex-Trading-Wisdom.html
Gotcha
Come with me if you want to live....
  • #299,934
  • Feb 4, 2012 3:28pm Feb 4, 2012 3:28pm
Quoting nAVIN2007
good luck with this thinking..heres a chart for u..hopefully u smell the coffee b4 its to late

if it goes it will fly..unless im wrong of-course
Hi nAV, I see 5990 or so as a target before a retrace. What r u thinking dude?
Come with me if you want to live....
  • #299,935
  • Feb 4, 2012 4:02pm Feb 4, 2012 4:02pm
Quoting Ill-b-back
Hi nAV, I see 5990 or so as a target before a retrace. What r u thinking dude?

1.62 potentially..otherwise 1.65..its kinda hard to say..PA will let u know..so far i dont see a sell signal
  • #299,936
  • Feb 4, 2012 4:04pm Feb 4, 2012 4:04pm
Quoting _BBKing_
what is a "G" ?

g = grand

like 10k we say he say 10 grand
  • #299,937
  • Feb 4, 2012 4:18pm Feb 4, 2012 4:18pm
Quoting nAVIN2007
1.62 potentially..otherwise 1.65..its kinda hard to say..PA will let u know..so far i dont see a sell signal
Ok, but from a short term perspective I see strongish resistance around 60 or so and a 50 fib. I don't know if you do shorter term analysis or not. Thx brother
Come with me if you want to live....
  • #299,938
  • Feb 4, 2012 4:20pm Feb 4, 2012 4:20pm
Hi,
I am new to the forum and forex as well. I burnt my fingers trading big lots of Brent crude CFD's. Ever since I scaled back and concentrating on currency majors. My chart shows it testing the level 1.5825 and tracing downward. With asset purchases due to be announced this week by BoE, would I be right in taking a short position?

Shepherd
  • #299,939
  • Feb 4, 2012 4:37pm Feb 4, 2012 4:37pm
Quoting Ill-b-back
Ok, but from a short term perspective I see strongish resistance around 60 or so and a 50 fib. I don't know if you do shorter term analysis or not. Thx brother
I THINK the weekly 60sma is there also
Come with me if you want to live....
  • #299,940
  • Feb 4, 2012 5:08pm Feb 4, 2012 5:08pm
Quoting Ill-b-back
Ok, but from a short term perspective I see strongish resistance around 60 or so and a 50 fib. I don't know if you do shorter term analysis or not. Thx brother
yeah i do..i will have a look tomorrow at the charts..will post analysis in here
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