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Cable Update (GBPUSD)

  • #13,541
  • May 24, 2007 8:28am May 24, 2007 8:28am
Poor or as expected NHS should push towards 9900
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  • #13,542
  • May 24, 2007 8:30am May 24, 2007 8:30am
Oh wells shorts stopped at break even, thought US news would have took it lower.
  • #13,543
  • May 24, 2007 8:36am May 24, 2007 8:36am
Quoting ltrain
Please forgive me if I am mistaken. I But I find it odd that so many can be upset about one persons opinion. Expecially when Everyone has the freedom to ignore Marketwavez charts, correct? I also dont agree with your implication that because Marketwavez may have his own site, that it exludes him from sharing his opinion, and that his opinion is inappropriate . Forgive me for being conspiratorial, but it seems that all the moderators would need to do is gang up on a person, and make insinuations and accusations without cause whenever that person provides valuable informed opinions. Then ask him to start his own thread. Thus ridding the rest of us of valuable opinions that we might actually use. I dont want to get under your skin, but merely point out, that a much easier policy would be to ask those who dont agree with Marketwavez charts to ignore the information and move on. Why do you request that Marketwavez start his own thread? And the reason that you gave was because he is talking about Elliot Waves. I thought this thread was about Cable? Regardless of the system that one uses, wether it is elliot waves or other systems. I am sure that not everyone on this site is using the same system, but they all are free to give their opinion. Why not just have a simpler policy of asking those who dont want the information from Marketwavez to ignore his charts?
I totally agree. Elliot is a form of TA that encourages debate. Surely that is healthy. If we start saying you can't post Elliot then surely you can't post any charts.

If so then we just have people here saying "tell me which way cable is gonna go today" - well if we all knew that I would be sitting on my yacht somewhere!
  • #13,544
  • May 24, 2007 8:41am May 24, 2007 8:41am
Quoting goonergonebad
Well said...
Not quite. There aren't moderator(s) ganging up on him. Just one moderator, who probably saw the tone the thread has had the last few days.

If the majority prefer not to be peppered with multiple charts for USD/CHF, USD/JPY or who knows AUD/USD or or or, which although indirectly related to GBP/USD or US Index, are side issues and less important so the poster should respect their wishes. I would say EUR/USD is the only other pair to include since it is the same economic region.

Instead he continues away with his favorite colors and accents and continues to ridicule the use of news/fundamentals. I agree with him for the most part but respect other different viewpoint. But I also realize that many others do use, and successfully so, the news/fundamentals.
  • #13,545
  • May 24, 2007 8:41am May 24, 2007 8:41am
We've had a bunch of positive USD news releases today and a negative GBP release and still no movement other than a slight fluctuation to the upside. Unless the new homes data comes out totally unexpected, i'm ready to write today off as a slow one as well.
  • #13,546
  • May 24, 2007 8:45am May 24, 2007 8:45am
nathbear and gooner like me puzzled why cable didnt go lower after news - check this news thread some very good points about why

http://www.forexfactory.com/showthread.php?t=30962
  • #13,547
  • May 24, 2007 8:45am May 24, 2007 8:45am
Quoting nathbear
We've had a bunch of positive USD news releases today and a negative GBP release and still no movement other than a slight fluctuation to the upside. Unless the new homes data comes out totally unexpected, i'm ready to write today off as a slow one as well.
It was the darn unemployment claims. Toegether with an unfiltered durable goods, the result was slightly negative the forecast, so markets inched onwards against the poor dollar. If the housing comes in strong, I will sell immense amounts of GBPUSD. In line with the trend, after all.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #13,548
  • May 24, 2007 9:01am May 24, 2007 9:01am
sell sell sell
  • #13,549
  • May 24, 2007 9:02am May 24, 2007 9:02am
Quoting el_duende
sell sell sell
buy buy buy !! @ 9850
“Past performance is not indicative of future results”
  • #13,550
  • May 24, 2007 9:04am May 24, 2007 9:04am
Housing making a recovery? Home sales up 16%
  • #13,551
  • May 24, 2007 9:05am May 24, 2007 9:05am
Quoting SunTrader
Not quite. There aren't moderator(s) ganging up on him. Just one moderator, who probably saw the tone the thread has had the last few days.

If the majority prefer not to be peppered with multiple charts for USD/CHF, USD/JPY or who knows AUD/USD or or or, which although indirectly related to GBP/USD or US Index, are side issues and less important so the poster should respect their wishes. I would say EUR/USD is the only other pair to include since it is the same economic region.

Instead he continues away with his favorite colors and accents and continues to ridicule the use of news/fundamentals. I agree with him for the most part but respect other different viewpoint. But I also realize that many others do use, and successfully so, the news/fundamentals.
In the spirit of democracy I see your point as well. However, constructive forum etiquette advice in the direction of Marketwavez would seem more appropriate to me. I have been moderated in the past and have learned my lesson. Each day I appreciate so much from this forum and this thread in particular - I welcome, and hope to learn from all all views posted here (good and bad). Maybe we should just ask that Marketwavez indicate any Cable significance he feels could be relevant from other $ related charts he posts here otherwise refrain from posting them. I cannot agree about colours, font size yes, but colours can help to identify your point (within reason of course)
  • #13,552
  • May 24, 2007 9:11am May 24, 2007 9:11am
I see this heading right back up to 9875 within the hour....anybody long with me ?
“Past performance is not indicative of future results”
  • #13,553
  • May 24, 2007 9:12am May 24, 2007 9:12am
To the speculator of the US's cooking data pattern..

You got it wrong, High number revision not good.


Looks like they are presenting true data now? US data trend is up, and the trend should last for a long long time from here.

Longers beware........ You could quite possibly get stuck .
  • #13,554
  • May 24, 2007 9:13am May 24, 2007 9:13am
Lets have this non topic discussion in the lounge, if you wish. This is not the first infraction for the above mentioned person. I do not wish to invade his privacy, so I will not go more in depth unless I am allowed to.
  • #13,555
  • May 24, 2007 9:13am May 24, 2007 9:13am
I must admit I am tempted to go long if 9835 not broken.
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  • #13,556
  • May 24, 2007 9:14am May 24, 2007 9:14am
Quote
Longers beware........ You could quite possibly get stuck .
Maybe yes, maybe not. But I don't see this as the point of no return as some call it.
  • #13,557
  • May 24, 2007 9:14am May 24, 2007 9:14am
I'm also Long on cable. Cable seems to hold the 50 EMA as support. I think it want's to go up, but it needs a little push forward. Te housing data doesn't help, but I think that cable still reacts pretty good on the news, it could be worse.
  • #13,558
  • May 24, 2007 9:15am May 24, 2007 9:15am
Quoting gobigo12
I see this heading right back up to 9875 within the hour....anybody long with me ?
I'll go if you're paying :-)
  • #13,559
  • May 24, 2007 9:20am May 24, 2007 9:20am
lmao
USD Est Non Mortuus
  • #13,560
  • May 24, 2007 9:21am May 24, 2007 9:21am
For those who are interested to learn about interest rates effect and consequent market reactions, read this:

http://www.bankofengland.co.uk/educa...tInflation.htm

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