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Cable Update (GBPUSD)

  • #304,441
  • Mar 21, 2012 7:21am Mar 21, 2012 7:21am
Quoting nAVIN2007
no scenero for going up
5750
Hero calls followed by margin calls...
  • #304,442
  • Mar 21, 2012 7:23am Mar 21, 2012 7:23am
Quoting PhAnTi'
5750
yeah that's also a possibility which is the 61% fibo, right?
  • #304,443
  • Mar 21, 2012 7:24am Mar 21, 2012 7:24am
Quoting abdul_halim
cable
TP will close manually depend on price movement
my view in Daily
very bad chart...sorry!
Attached Image (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 187 KB
  • #304,444
  • Mar 21, 2012 7:24am Mar 21, 2012 7:24am
Quoting nAVIN2007
dont $%$# with da pound


no need to $%$# with da pound - it is $%$# enough on it's own
I don't trust any move - when you have profit...take it.
  • #304,445
  • Mar 21, 2012 7:25am Mar 21, 2012 7:25am
Quoting Faller
no need to $%$# with da pound - it is $%$# enough on it's own

  • #304,446
  • Mar 21, 2012 7:26am Mar 21, 2012 7:26am
Quoting PoundTrader
yes i think it's going down, so i went short 1.5877, s/l 1.5929, t/p 1.5781
yep still in this trade, almost got taken out earlier
  • #304,447
  • Mar 21, 2012 7:26am Mar 21, 2012 7:26am
Quoting A-speculator
yeah that's also a possibility which is the 61% fibo, right?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.21.3.2012.jpg Size: 150 KB
Hero calls followed by margin calls...
  • #304,448
  • Mar 21, 2012 7:30am Mar 21, 2012 7:30am
Quoting PhAnTi'
Attachment
yups, more or less the same view as mine. thanks mate.
  • #304,449
  • Mar 21, 2012 7:33am Mar 21, 2012 7:33am
ok off to work now ..trade safe..stop cleared on both sides..today gonna be interesting
  • #304,450
  • Mar 21, 2012 7:50am Mar 21, 2012 7:50am
so far the report seems to have positive sentiment. probably meant this way to offset horrible news few hours ago
  • #304,451
  • Mar 21, 2012 10:18am Mar 21, 2012 10:18am
Really quite in here today......wuz up people?
I don't trust any move - when you have profit...take it.
  • #304,452
  • Mar 21, 2012 10:24am Mar 21, 2012 10:24am
Read this......and then just wait for the monster move - it will come.

http://www.marketwatch.com/story/dol...MW_latest_news


Faller
I don't trust any move - when you have profit...take it.
  • #304,453
  • Mar 21, 2012 10:36am Mar 21, 2012 10:36am
Quoting Faller
Really quite in here today......wuz up people?
I was just thinking the same thing.. May be cuz of they are busy waiting for the a rebound or a break through. I honestly thing it will rebound
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,454
  • Mar 21, 2012 10:40am Mar 21, 2012 10:40am
Quoting baherhosni
I was just thinking the same thing.. May be cuz of they are busy waiting for the a rebound or a break through. I honestly thing it will rebound

Time will tell - issues in Euro developing now - worries about Spain....this is why Euro broke down today......cable will hold up in the mean time because they will be selling euro to buy gbp......but then when that is done they will sell gbp to buy USD - there is a shit storm brewing still......
I don't trust any move - when you have profit...take it.
  • #304,455
  • Mar 21, 2012 10:45am Mar 21, 2012 10:45am
Tonight will also be a wing dinger.....watch for NZD GDP - it is dropping each quarter just like every where else in the world but everyone keeps saying we will not be in a recession this year.....ya right! Also CNY HSBC Flash Manufacturing PMI comes out and if it is below 50 again watch the USD soar - then early morning we have GBP retail sales - could be an ugly shit fest.

Just my quite thoughts....

Faller.
I don't trust any move - when you have profit...take it.
  • #304,456
  • Mar 21, 2012 10:45am Mar 21, 2012 10:45am
Quoting Faller
Time will tell - issues in Euro developing now - worries about Spain....this is why Euro broke down today......cable will hold up in the mean time because they will be selling euro to buy gbp......but then when that is done they will sell gbp to buy USD - there is a shit storm brewing still......
hmmm.. I see.. I like the way you put it very much.. so in other words even if it rebounds for the sell off of the EUR, we are not out of the woods yet since buying the USD would produce another free fall.. right?

I like it .. i like it..
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,457
  • Mar 21, 2012 10:52am Mar 21, 2012 10:52am
Quoting baherhosni
hmmm.. I see.. I like the way you put it very much.. so in other words even if it rebounds for the sell off of the EUR, we are not out of the woods yet since buying the USD would produce another free fall.. right?

I like it .. i like it..
I am not very smart - just remember that when you read what I type.

Thanks...

Faller
I don't trust any move - when you have profit...take it.
  • #304,458
  • Mar 21, 2012 11:01am Mar 21, 2012 11:01am
Quoting Faller
I am not very smart - just remember that when you read what I type.

Thanks...

Faller
I will be back.. I just have to help my daughter with her homework!
I still need a trading break soon!!! "Loose some to win more" --Baher A.
  • #304,459
  • Mar 21, 2012 11:03am Mar 21, 2012 11:03am
Everyone has been talking about Diamond patterns lately.....here is another one
Attached Image (click to enlarge)
Click to Enlarge Name: Diamond.jpg Size: 164 KB
I don't trust any move - when you have profit...take it.
  • #304,460
  • Mar 21, 2012 11:09am Mar 21, 2012 11:09am
I am short at 1.58692
Attached Image (click to enlarge)
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