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Cable Update (GBPUSD)

  • #13,061
  • May 18, 2007 7:02am May 18, 2007 7:02am
Good Day

We will see Cable today between 1.9680 - 1.9650 ... and this buy position is very stragestic position .... any buy posotion is very good ... 50% fibo if its broke it ... that mean down trend

Quoting deboooo2005
Good Day

buy cable @ 1.9680 is good position
Attached Image (click to enlarge)
Click to Enlarge Name: gbpdaily.gif Size: 18 KB
  • #13,062
  • May 18, 2007 7:03am May 18, 2007 7:03am
Quoting ashlee_17
I don't think that cable printed the 1.9700. i think the lowest waw 1.9702...
This is a great thread and thanks for every one for sharingther thoughts, by the way my MIG account showes a low of 1.9699.
  • #13,063
  • May 18, 2007 7:06am May 18, 2007 7:06am
The lowest low in Northfinance broker was 1.9699.
  • #13,064
  • May 18, 2007 7:23am May 18, 2007 7:23am
buy between 1.9680 - 1.9650

Quoting deboooo2005
Good Day

We will see Cable today between 1.9680 - 1.9650 ... and this buy position is very stragestic position .... any buy posotion is very good ... 50% fibo if its broke it ... that mean down trend
  • #13,065
  • Edited 7:36am May 18, 2007 7:25am | Edited 7:36am
So much selling on EUR/JPY and GBP/JPY which will probably continue all day. 2.30pm if DOW and S&P start profit taking then further downside in cable.

This means cable is going to drop further I believe as deboooo2005 has already pointed out above to 1.9680 and maybe to 1.9650

here is a chart of my trend channels which shows with big red spot we are on bootom trend channel line. Further selling may go the red line which is approx 1.9650. Theory sits nicely in trend.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_04 May. 17 20.56.gif Size: 23 KB
  • #13,066
  • May 18, 2007 7:35am May 18, 2007 7:35am
Quoting m_j_1984
The lowest low in Northfinance broker was 1.9699.
9699 on CMS...

edit: Michigan at 15:00 should give the final push down (I hope)
  • #13,067
  • May 18, 2007 8:29am May 18, 2007 8:29am
Look & Check
Attached Image
  • #13,068
  • May 18, 2007 8:34am May 18, 2007 8:34am
What will happen if the US numbers come out better than expected...
  • #13,069
  • May 18, 2007 8:45am May 18, 2007 8:45am
Quoting ashlee_17
What will happen if the US numbers come out better than expected...
I don't care as long as cable drops
  • #13,070
  • May 18, 2007 8:50am May 18, 2007 8:50am
Quoting ashlee_17
What will happen if the US numbers come out better than expected...
Cable 'should' go down.
  • #13,071
  • May 18, 2007 8:51am May 18, 2007 8:51am
They don't use to post something like this... Pretty assertive, this time

09:50T he Strategy of the Week is now fully long GBP/USD, with the second buy level at 1.9720 triggered on the weaker than expected UK retail sales today. The stop remains in place at 1.9685/90.
  • #13,072
  • May 18, 2007 8:53am May 18, 2007 8:53am
Quoting cesarnc
They don't use to post something like this... Pretty assertive, this time

09:50T he Strategy of the Week is now fully long GBP/USD, with the second buy level at 1.9720 triggered on the weaker than expected UK retail sales today. The stop remains in place at 1.9685/90.
it seems they want to unload their trapped longs lol
  • #13,073
  • May 18, 2007 8:59am May 18, 2007 8:59am
Ooer DOW and S&P have gone up? Very strange considering the sell off in GBP/JPY.

Maybe time for bears is almost up? Will wait a little while though before going long
  • #13,074
  • May 18, 2007 9:00am May 18, 2007 9:00am
Consumer sentiment 3pm

88.7 good news for $
  • #13,075
  • May 18, 2007 9:06am May 18, 2007 9:06am
anyone else think its time to call it a day and see what happens next week?
  • #13,076
  • May 18, 2007 9:08am May 18, 2007 9:08am
and nothing happens: so typical of cable this days
  • #13,077
  • May 18, 2007 9:10am May 18, 2007 9:10am
Quoting camisa
and nothing happens: so typical of cable this days
Money is flowing elsewhere

10:08 Dow opens higher and remains bid...traders keying on the US stock market today for signs of carry weakness, post the China rates rise

GU only kicked my butt this week... I'll consider it on next week only.
  • #13,078
  • May 18, 2007 9:10am May 18, 2007 9:10am
Time to call it a day....have a safe weekend everyone.
“Past performance is not indicative of future results”
  • #13,079
  • May 18, 2007 9:13am May 18, 2007 9:13am
now its running up the opposite way you think it would go...12 min. after the news.
strange
“Past performance is not indicative of future results”
  • #13,080
  • May 18, 2007 9:16am May 18, 2007 9:16am
Quoting gobigo12
now its running up the opposite way you think it would go...12 min. after the news.
strange
damn it!
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