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Cable Update (GBPUSD)

  • #11,581
  • Apr 29, 2007 7:58am Apr 29, 2007 7:58am
AHA ! that better for my long.........

raise the target to 0100..........
I Deeply Love My Virtual Life In Virtual World , RLC
  • #11,582
  • Apr 29, 2007 8:04am Apr 29, 2007 8:04am
Being contained by the up trend line from 1.9212 to 1.9591, GBPUSD rebounded from 1.9864. The pair is bottoming at 1.9864 on daily chart, key resistance is at 2.0132, a break above this level will confirm the cycle bottom and further rise towards 2.0400 is still possible in the next several days. Near term support is at 1.9864, only break below this level will delay the resumption of the up trend. For long term analysis, GBPUSD is in up trend. Further rise towards 2.1000 level can be expected in the next several weeks. Long term key support is at 1.9500, only break below this level will signal the reversal to the long term up trend.
If I Go Broke Trying Then I Will die happy.
  • #11,583
  • Apr 29, 2007 11:07am Apr 29, 2007 11:07am
[quote=Moe;1428076]Being contained by the up trend line from 1.9212 to 1.9591, GBPUSD rebounded from 1.9864. The pair is bottoming at 1.9864 on daily chart, key resistance is at 2.0132, a break above this level will confirm the cycle bottom and further rise towards 2.0400 is still possible in the next several days. Near term support is at 1.9864, only break below this level will delay the resumption of the up trend./quote]

Options expiring May 10th @ 2.0400

Here I go again fishing bottoms

  • #11,584
  • Apr 29, 2007 6:32pm Apr 29, 2007 6:32pm
[quote=cesarnc;1428178]
Quoting Moe
Being contained by the up trend line from 1.9212 to 1.9591, GBPUSD rebounded from 1.9864. The pair is bottoming at 1.9864 on daily chart, key resistance is at 2.0132, a break above this level will confirm the cycle bottom and further rise towards 2.0400 is still possible in the next several days. Near term support is at 1.9864, only break below this level will delay the resumption of the up trend./quote]

Options expiring May 10th @ 2.0400

Here I go again fishing bottoms

careful when you regard option...note the voulume played, if its incignificant...2.0400 is just a smoke screen. Its always a veiled view...checkout other options. Sometimes stars are not so bright when you look at the sky.
  • #11,585
  • Apr 29, 2007 6:36pm Apr 29, 2007 6:36pm
Quoting dunningduke
Hi cesar,

there will be no tokyo next week. You cannot make reference to something that does not exist...

Also note that the second highest volume for currency traded in Asia comes from singapore....and Singapore is not on holidays.

It baffles me how come Singapore have so much institutional volume but not many retail traders...
  • #11,586
  • Apr 29, 2007 7:07pm Apr 29, 2007 7:07pm
It baffles me how come Singapore have so much institutional volume but not many retail traders...[/quote]

Majority of investors are risk averse and higher income citizens dollar average shares, buy property and diversify their investments.
Still waters run deep
  • #11,587
  • Apr 29, 2007 7:12pm Apr 29, 2007 7:12pm
well believe it or not...most of the retail volumes esp in futures speculation comes from the hugely rich (or should i say insanely???) Indonesians! Well at least thats what the brokers told me.
  • #11,588
  • Apr 29, 2007 8:31pm Apr 29, 2007 8:31pm
Quoting jest1081
well believe it or not...most of the retail volumes esp in futures speculation comes from the hugely rich (or should i say insanely???) Indonesians! Well at least thats what the brokers told me.
Well, wondering are you Indonesian? Which brokers do you refer to? are they located in Indonesia or US?
Thanks .. apa kabar?
  • #11,589
  • Apr 29, 2007 8:59pm Apr 29, 2007 8:59pm
No im not...hehehe.
Brokers are located in Singapore sir.
Im all well thank you! Hope you are too!

But i do have indonesian friends who are traders, if you are one too, that'll proly add more to the list!
  • #11,590
  • Apr 29, 2007 11:28pm Apr 29, 2007 11:28pm
Weak German Retail Sales send Euro and cable down to the Asian session lows....will they hold or is cable heading for the 900 level?....the 78% retrace of Fridays rally is also around 900.
Trading Levels with WRBs
  • #11,591
  • Apr 29, 2007 11:58pm Apr 29, 2007 11:58pm
19874 comes before 196xx
20114---31 looks like a temporary top to me
  • #11,592
  • Apr 29, 2007 11:59pm Apr 29, 2007 11:59pm
out of this freakish cable action from my prev long. -10 pips.
BAM BAM BOOM! -bravado
  • #11,593
  • Apr 30, 2007 12:07am Apr 30, 2007 12:07am
In short terms, so far cable seems like forming a bearish channel. But still bullish in long terms. Waiting for another dip fishing season.
  • #11,594
  • Apr 30, 2007 12:26am Apr 30, 2007 12:26am
Some bounce..almost all of the over night range in under 10 mins and now almost completely retraced.

I´m seeing cable being pulled down by the euro, which is still just holding at its 3600 level.....if that breaks, then I think cable will test its 9900 level.
If the euro holds, then next stop will be the 20000 again.
Trading Levels with WRBs
  • #11,595
  • Apr 30, 2007 12:31am Apr 30, 2007 12:31am
Hi all

I think cable will visit 1.9861 again .... Short .... and the clear view after 1 hour from now
  • #11,596
  • Apr 30, 2007 12:32am Apr 30, 2007 12:32am
For the moment, breakout fended off just.

Could go either way, my trade is long, target 995.
  • #11,597
  • Apr 30, 2007 12:36am Apr 30, 2007 12:36am
20114 just temporary.....196xx then 195xxx will comes... just wait and see


Quoting forex3e
19874 comes before 196xx
20114---31 looks like a temporary top to me
  • #11,598
  • Edited 12:58am Apr 30, 2007 12:40am | Edited 12:58am
Quoting PandoraBox
20114 just temporary.....196xx then 195xxx will comes... just wait and see
By temporary do you mean a higher top is due?

OR

Did you mean to say 'artificial' or 'false'?
  • #11,599
  • Apr 30, 2007 12:42am Apr 30, 2007 12:42am
Quoting Islander
Some bounce..almost all of the over night range in under 10 mins and now almost completely retraced.

I´m seeing cable being pulled down by the euro, which is still just holding at its 3600 level.....if that breaks, then I think cable will test its 9900 level.
If the euro holds, then next stop will be the 20000 again.
Well Euro did break down thru 9600, but cable held again around 9920, so I´m long a small position, waiting to see if it can get above its 5 min 200 ema at 954 and hold above it
Trading Levels with WRBs
  • #11,600
  • Apr 30, 2007 12:45am Apr 30, 2007 12:45am
Quoting goonergonebad
For the moment, breakout fended off just.

Could go either way, my trade is long, target 995.
I have Fridays Low as 9862, and todays as 9920, so well above and actually around its 62% retrace.....not 100%
Trading Levels with WRBs
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