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Cable Update (GBPUSD)

  • #13,861
  • May 29, 2007 9:26am May 29, 2007 9:26am
Quoting esmondy
hello bravado,i still think that the gbp/usd would still climb to 1.99 today so i'm thinking of entry for long at 1.9836
what do you think?
that's possible.

you probably see something i don't as everyone has their own way of trading.
BAM BAM BOOM! -bravado
  • #13,862
  • May 29, 2007 9:45am May 29, 2007 9:45am
Quoting Devil
Consumer Confidence now is 108.0 I am bearish on Eur
camisa what is your analysis
================================

NDVT241:

That is 40 pips fundimental. I think EUR will drop to 34.60 at lease. And the Cable is on its way to 97.80
  • #13,863
  • May 29, 2007 9:54am May 29, 2007 9:54am
Quoting cesarnc
Sorry buddy, you've said next target 98.17 earlier and we saw 9895 before... Seen no proof whatsoever here, sorry.

Your post:http://www.forexfactory.com/showpost...ostcount=13810
Any way, will go lower

I took 40 pips profts at 98.30 that got me little confuse.
  • #13,864
  • May 29, 2007 9:58am May 29, 2007 9:58am
I dont know why most people here speak about the importance of fundamentals and then go against it??!!
  • #13,865
  • May 29, 2007 10:00am May 29, 2007 10:00am
Quoting ndvt241
Any way, will go lower
I love that
  • #13,866
  • May 29, 2007 10:31am May 29, 2007 10:31am
Quoting cesarnc
I love that
NDVT 241:

Yes, it went up to 1.99 and that what I call it Monday's bubbles. I keept my position open until it droped down to 98.30 with 40 pips gain. Elevator goes up then go down. with the forex you have to be patiant to collect profits.

===========================
  • #13,867
  • May 29, 2007 10:35am May 29, 2007 10:35am
Quoting ndvt241
NDVT 241:

Yes, it went up to 1.99 and that what I call it Monday's bubbles. I keept my position open until it droped down to 98.30 with 40 pips gain. Elevator goes up then go down. with the forex you have to be patiant to collect profits.

===========================
Think that we still have the possibility to see cable below 9800
  • #13,868
  • May 29, 2007 10:36am May 29, 2007 10:36am
Whats the most active pair?
  • #13,869
  • May 29, 2007 10:47am May 29, 2007 10:47am
IMO
Attached Image (click to enlarge)
Click to Enlarge Name: trendchannel.jpg Size: 148 KB
  • #13,870
  • May 29, 2007 10:54am May 29, 2007 10:54am
Quoting goonergonebad
IMO
Sorry but I don't see that, I see the UPTREND but not now.
My channels are different.

But I always say, we can have different points of view.
Cable will go up, but not today...
  • #13,871
  • May 29, 2007 10:55am May 29, 2007 10:55am
Quoting JoZo
Cable will go up, but not today...
how far do you see it going down before going up.
BAM BAM BOOM! -bravado
  • #13,872
  • May 29, 2007 10:58am May 29, 2007 10:58am
Quoting bravado
how far do you see it going down before going up.
1.9779 but maybe I'm wrong. What I read here you are the master not me.
  • #13,873
  • Edited 11:15am May 29, 2007 11:01am | Edited 11:15am
Quoting JoZo
Sorry but I don't see that, I see the UPTREND but not now.
My channels are different.

But I always say, we can have different points of view.
Cable will go up, but not today...
I know that the 23.6 fib is next logical support, but 9810 just seems to be extra stubborn.

JMO
  • #13,874
  • May 29, 2007 11:08am May 29, 2007 11:08am
Quoting zamans98
it was quick and managed to short at TIP. Still expecting a good US data towards this week end..

made +40 pips from 9888 and now -35 pips from LONG position
  • #13,875
  • May 29, 2007 11:11am May 29, 2007 11:11am
I am fascinated to see what transpires this week. All my technicals suggest a break upwards towards 2.0 and possibly above. There is however limited GBP news that could have a major positive affect and indeed it is in the main predicted as negative GBP. The US fundamentals on the other hand are looking good for the $.
So, if Cable does soar then I think technicals will rule my thinking in future.
We shall see.
  • #13,876
  • May 29, 2007 11:16am May 29, 2007 11:16am
now playing at 1.9810-9820 for the last 1 hour or so.

Cable need a good repair before it can extend to 2.0 meter. Oh well, looks like the US parts are expensive for cable repair.
  • #13,877
  • May 29, 2007 11:16am May 29, 2007 11:16am
hm... ...
if 4EMA & 13EMA can go thru 200EMA at 4hrs chart then the possibly of goin wayyy down futher is very high....
Never greed & never regret cuz tomorrow is another day!!
  • #13,878
  • May 29, 2007 11:19am May 29, 2007 11:19am
The news at 23h CET is not so important right?
  • #13,879
  • May 29, 2007 11:22am May 29, 2007 11:22am
looks about done to me, 809 (today) 811 (yesterdays) daily pivot, weekly 801. PA on the 30min and 1h (30 min stoch is pegged in oversold) and US market lunch time (rarely picks up after that). Dang stock traders alway taking 1/2 days.
  • #13,880
  • May 29, 2007 11:31am May 29, 2007 11:31am
Hello,

I have been reading this thread for months for which I am grateful to all of the contributors. Amongst all of the regulars, which would you say has the most accurate predictive powers? We all know that predicting what price is going to do get us in trouble more than we are willing to admit yet most of us can not help looking at our crystal ball. So, why not give your opinion on this also? We might as well inform everyone, especially new readers of this thread who is the Nostradamus of this thread? Let me make sure that I mention that there is a minority whose contributions are based on probabilities, focusing more on following price action instead of leading it.

Unus pro omnibus, omnes pro uno
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