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Cable Update (GBPUSD)

  • #13,661
  • May 25, 2007 6:46am May 25, 2007 6:46am
Quoting bravado
and i'm the queen of england.
HIs point is 900000x more valid than your sarcasum.
  • #13,662
  • May 25, 2007 6:48am May 25, 2007 6:48am
Quoting bravado
and i'm the queen of england.
Your Majesty,
A reminder - since you have been trading the forex for a long time you know that logic and reason don't always matter.http://www.forexfactory.com/images/icons/icon7.gif
  • #13,663
  • May 25, 2007 6:50am May 25, 2007 6:50am
Everyone short now? Everyone was ultra bullish the other day except me lol

Here is my lastest chart (4 hour) and a chart showing my bearish trend, is it still my friend?

market waiting on existing home sales data. (more important than new homes data yesterday that was up 16%). If existing home sales data is up as well, thenit willl be good support for a bearish move. report out at 3pm.

and 1.9830 being mentioned, I agree this needs to be broken first. Currently MA100 line at 1.9830 which could possibly act as a resistance area.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ScreenHunter_02 May. 25 12.46.gif Size: 23 KB
  • #13,664
  • May 25, 2007 7:05am May 25, 2007 7:05am
Quoting Takisd
HIs point is 900000x more valid than your sarcasum.
you think we'll see .9710 "today"?
BAM BAM BOOM! -bravado
  • #13,665
  • May 25, 2007 7:22am May 25, 2007 7:22am
Quoting bravado
you think we'll see .9710 "today"?
I'm looking for 1.9770 today after improved US housing starts, 1.9710 is possible near term. Price may retrace prior to release of housing data as market is ranging.
  • #13,666
  • May 25, 2007 7:37am May 25, 2007 7:37am
Quoting Cosmo II
I'm looking for 1.9770 today after improved US housing starts, 1.9710 is possible near term. Price may retrace prior to release of housing data as market is ranging.
now that's more clear and concise.
BAM BAM BOOM! -bravado
  • #13,667
  • May 25, 2007 7:40am May 25, 2007 7:40am
Quoting Cosmo II
..1.9710 is possible near term..
it's a good number you chose too.
BAM BAM BOOM! -bravado
  • #13,668
  • May 25, 2007 7:48am May 25, 2007 7:48am
It is depend on existing home sales data today. If is increase, potentially we will see 1.9710 but base on the surveyed by Thomson Financial existing home sales are expected to drop 0.1 percent to 6.12 million units, according to a median estimate of economists.

So we will see 1.9900 again.

Quoting bravado
it's a good number you chose too.
  • #13,669
  • May 25, 2007 7:51am May 25, 2007 7:51am
Consider TSF 20 on TF 4H. GU is going down, indeed.
But the W/R% is just too down below.
If it break 1.9831, I expect 1.9811.
1.9800 is quite possible on my opinion.
So, how low can you go, G/U?
| Show Me The Money |
  • #13,670
  • May 25, 2007 7:52am May 25, 2007 7:52am
the up trend has not finished yet, cable has a good support on 9840s and after the data we can see 9900s again.
  • #13,671
  • May 25, 2007 8:07am May 25, 2007 8:07am
Buy @ 1.9841 for a first target of 1.9865 SL 1.9834
  • #13,672
  • May 25, 2007 8:25am May 25, 2007 8:25am
i'm seeing a bearish pattern is forming in 4hrs chart & it could go wayyyy down...hm...probably of 200pips...i guess it probably will jump of the cliff on next tuesday....wat do u guys think?

well....this my first post...:
Never greed & never regret cuz tomorrow is another day!!
  • #13,673
  • May 25, 2007 8:30am May 25, 2007 8:30am
Welcome!

Im bearish as well as I have for a while. Pop up a chart to show why. Im also working off 4 hour in GBP/USD
  • #13,674
  • May 25, 2007 8:36am May 25, 2007 8:36am
Quoting MooMoo
i'm seeing a bearish pattern is forming in 4hrs chart & it could go wayyyy down...hm...probably of 200pips...i guess it probably will jump of the cliff on next tuesday....wat do u guys think?

well....this my first post...:

The difference between this time 2 days ago and now is just over 20 pips. That's one serious bear trend!
Eish! If you don't fly with the eagles you'll scratch with the turkeys
  • #13,675
  • May 25, 2007 8:58am May 25, 2007 8:58am
well, it jz an opinion of a newbie...the market is slow today doesn't mean it aint goin anyway...by the way i did mention that its most probably next week...maybe tuesday or wednesday...

the pattern in image A will be about to reform itself in image B...hopefully it does...cuz it only mean 1 thing...

cant upload the image so i attach it...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: a.jpg Size: 65 KB
Click to Enlarge Name: b.jpg Size: 60 KB
Never greed & never regret cuz tomorrow is another day!!
  • #13,676
  • May 25, 2007 9:09am May 25, 2007 9:09am
results shows 5.99M ... how far cable can climb this time? 50 pips? 100 pips?
  • #13,677
  • May 25, 2007 9:11am May 25, 2007 9:11am
I like your first chart.. not a fan of the second.. Good work though.
  • #13,678
  • May 25, 2007 9:20am May 25, 2007 9:20am
Who can believe that Cable was playing in a 60 pips range yesterday and today playing in a 47 pips range, this is abnormal, this pair must be kicked out from the major pairs list
  • #13,679
  • May 25, 2007 9:26am May 25, 2007 9:26am
Quoting pino2
Who can believe that Cable was playing in a 60 pips range yesterday and today playing in a 47 pips range, this is abnormal, this pair must be kicked out from the major pairs list
Its in a consolidation phase dont know where it should go: up beyond 2.000 or down to 1.9400

While GBPUSD rallies, GBPJPY was being sold...
  • #13,680
  • May 25, 2007 9:30am May 25, 2007 9:30am
And who can believe that Cable was playing this week in a 128 pips range, this is absolutely abnormal, it never happened
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