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Cable Update (GBPUSD)

  • #12,001
  • May 4, 2007 2:42am May 4, 2007 2:42am
GU has dropped toward 1.9850
  • #12,002
  • May 4, 2007 2:50am May 4, 2007 2:50am
Guyz, GU is going towards 1.9750----long not advised now----stay aside & wait for right moment to get some nice longs for MT rally----
GL/GT
  • #12,003
  • May 4, 2007 2:55am May 4, 2007 2:55am
what's a great entry level for GBP/USD to go long?
  • #12,004
  • May 4, 2007 3:01am May 4, 2007 3:01am
I think it should be around 1.9750----but please wait till tomorrow close---you may even get a better price---please stay aside for now--this NFP is going to be the wildest of your dreams!
  • #12,005
  • May 4, 2007 3:03am May 4, 2007 3:03am
H&S if I'm not mistaken...might need a little more nudge below 1.9850 to really wake up.
Attached Image
Trust price. Know yourself.
  • #12,006
  • May 4, 2007 3:15am May 4, 2007 3:15am
Quoting mysticgenie
Guyz, GU is going towards 1.9750----long not advised now----stay aside & wait for right moment to get some nice longs for MT rally----
GL/GT
Agreed... Market is coming on the expectation of USD-positive NFP, as it appears...

I bailed out the majority of my long positions at 9875 few minutes ago.... 9900 is my mark to get back with these lots long after NFP.

I'm still holding long positions that can take the punch from a good NFP but would be favored in case of a bad figure.

Analysts are favoring a much stronger reaction if NFP comes out negative to the dollar than if it comes out positive, since market is increasingly net-long dollar these days.
  • #12,007
  • May 4, 2007 3:28am May 4, 2007 3:28am
oh give me a home
where the buffalo bull roams
where the bears and the grizzlies hunt

Where seldom is heard
a raging bull cry
and the charts are not bloody all day

Home, home with FX...

ok...just jesting

regards
  • #12,008
  • May 4, 2007 3:33am May 4, 2007 3:33am
What's goin on.... why is everyone bailing out of their long positions?

Hahahahaha
  • #12,009
  • May 4, 2007 3:35am May 4, 2007 3:35am
Quoting jest1081
oh give me a home
where the buffalo bull roams
where the bears and the grizzlies hunt

Where seldom is heard
a raging bull cry
and the charts are not bloody all day

Home, home with FX...

ok...just jesting

regards


Remind of Pink

Hello.
Is there any bulls in there?
Just nod if you can hear me.
Is there anyone at home?

Come on, now.
I hear youre feeling down.
Well I can ease your pain,
Get you on your feet again.
  • #12,010
  • May 4, 2007 3:36am May 4, 2007 3:36am
Quoting ashlee_17
What's goin on.... why is everyone bailing out of their long positions?

Hahahahaha
Staying bullish is not the same as staying stupidish.... I'm long even when i jump off
  • #12,011
  • May 4, 2007 3:37am May 4, 2007 3:37am
lucky I'm short at 1.9905....waiting for NFP news...

Quoting ashlee_17
What's goin on.... why is everyone bailing out of their long positions?

Hahahahaha
  • #12,012
  • May 4, 2007 3:41am May 4, 2007 3:41am
Quoting ashlee_17
What's goin on.... why is everyone bailing out of their long positions?

Hahahahaha
Hi Ashlee,

Just a technical answer to ur question...
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 58 KB
  • #12,013
  • May 4, 2007 3:44am May 4, 2007 3:44am
Quoting PandoraBox
lucky I'm short at 1.9905....waiting for NFP news...
How low do you think cable might go?
  • #12,014
  • May 4, 2007 3:45am May 4, 2007 3:45am
Quoting jest1081
Hi Ashlee,

Just a technical answer to ur question...
Thank you for the answer... but the question remains: how low can the cable go before and after the NFP?
  • #12,015
  • May 4, 2007 3:48am May 4, 2007 3:48am
Depend on NFP news....


Quoting ashlee_17
How low do you think cable might go?
  • #12,016
  • May 4, 2007 3:50am May 4, 2007 3:50am
Quoting ashlee_17
Thank you for the answer... but the question remains: how low can the cable go before and after the NFP?
For now i think the signal is clear and concise, the ground is laid for those who are trading divergence and retracement for now...the long term bulls are likely waiting for a good re-entry...im not sure where the re entry point is but hopefully the charts will tell us in a week or two, probably days.

regards
jest
  • #12,017
  • May 4, 2007 3:51am May 4, 2007 3:51am
Personally, I think that cable might be + or - 50 pips even before when the news come out
  • #12,018
  • May 4, 2007 3:51am May 4, 2007 3:51am
Quoting ashlee_17
Thank you for the answer... but the question remains: how low can the cable go before and after the NFP?
Vegas Tunnel 1H levels from the break:
144 - 1.9816
233 - 1.9727
377 - 1.9583
  • #12,019
  • May 4, 2007 3:52am May 4, 2007 3:52am
Quoting ashlee_17
How low do you think cable might go?
based on ATR projections;

19720 (highly possible), 19660 (unlikely, but a 200+ move could see this a reality).
  • #12,020
  • May 4, 2007 3:56am May 4, 2007 3:56am
previous data it could drop -100pips

Quoting ashlee_17
Personally, I think that cable might be + or - 50 pips even before when the news come out
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