unless an asteroid hits the london stock exchange, the chances of seeing 1.6180 in the next 48hours seem v.unlikely...

Cable Update (GBPUSD)

thank you for explaining, i understand. you're basing ur trading on the fact that at some point 1.67 will be hit, and that 1.55 will be hit...i get it

Cable Update (GBPUSD)

i apologize if i appear dense, but ur last paragraph didnt quite make sense to me...are u saying that if it at the end of 16hr cable has just managed to break 1.6380 then you would cancel your shorts? and from ur bottom at 1.6155, u feel that price ...

Cable Update (GBPUSD)

any thoughts on this: according to dailyfx, they think cable has done 5 impulsive waves up and hence now a correction will occur, but if pound is in an A-B-C correction, then surely we wouldnt go as high as 1.67... sorry my mistake, i didnt think, a ...

Cable Update (GBPUSD)

So any chance of 1.6280 or unlikely now?

Cable Update (GBPUSD)

the other thing is, looking at dailyfx sentiment and the oanda website positions, according to them, most of the retail market ie. 62% is short on cable right now, which should mean that cable is technically a long... does anyone else use these ...

Cable Update (GBPUSD)

this is based on cup-reading and tea bags, but i was thinking that cable would have a retrace to maybe 1.6250 or if we're lucky down to 1.6150 before shooting up to test 1.70....but this is based on absolutely nothing...if we go by fib levels of the ...

Cable Update (GBPUSD)

obviously none of us can predict whats gonna happen, but any ideas on whether we gonna see 1.64 first or 1.67?

Cable Update (GBPUSD)

Hey khizer, do u think GY heading to 131, then all the way upto 140, or do u think it's going straight to 140 first?

Auslanco - GBP/JPY and GBP/USD (newstrade)

this may sound stupid, but somebody once mentioned that the daily open is visited at least once and its rare if it isnt...the daily open on euro is at 1.4336, which is miles away from price now...is this one of those rare occassions or has what iv ...

EURUSD

thank you, il take what u said on board, im a classic bad trader: 1)no stop losses 2) bet too big 3) cant take a loss so dont exit till its way too late 4) cant adapt 5) have no plan 6) no entry method these traits are so difficult to drum out, and ...

Cable Update (GBPUSD)

man i lost my shirt to cable today, a combo of over-levarage and no stop loss, how stupid am i...have been watching it in horror today, now its clear to me that this is a long, where do u think cable will pullback to, if at all

Cable Update (GBPUSD)

hi guys, any clues on GU? im looking to buy but where are the demand zones on that? im seeing 1.6320 area...is that correct, esp as the price doesnt seem like its going there anytime soon

Price is everything

am i naiive in thinking there will be a pullback or some profit taking maybe down to 1.54 to let some of us who missed the boat jump in?

EURUSD

the problem is that euro/yen on hourly has broken above trend-line, so maybe the most it will do is a retest of the trendline and hence continue onwards, esp as the Euro has gone nuts... trendline at 119.8, 23.6% fib level of latest rally from ...

EUR/JPY Anytime!

totally off topic...wulfgar...where did u get that name from? its not from the R.A.Salvatore series is it by any chance? and if GBP is on down trend for next 2 months, do u think it will hit 1.57 or lower?

Cable Update (GBPUSD)

whats your target on eur/yen? i can see y u entered at the trendline (sorry im learning), but are u still targeting the lows of either yday or monday?

EUR/JPY Anytime!

hi guys, do u think a possible test of daily open on GY at 134.76 is possible or a retest of the trendline it broke at 135, before bouncing off and heading towards 140?

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)

so euro is unlikely to visit its daily open at 1.4340?

EURUSD

Omg Iv just woken up and totally missed the move, will there be any retracement to allow us to get on board or is this heading for the moon? If so, where would it likely retrace to? I'm talking EY...or as I mentioned yday, is this a trap and now I ...

GBP/JPY, GBP/USD, and EUR/USD (technical analysis)