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Cable Update (GBPUSD)

  • #13,921
  • May 29, 2007 9:27pm May 29, 2007 9:27pm
is that so hard to believe?

Quoting PandoraBox
ADP Nonfarm Employment Change + FOMC annoucement = 1.9500
Nihil Sine Deo.
  • #13,922
  • May 29, 2007 9:34pm May 29, 2007 9:34pm
Quoting winwise
i have the feeling, downward breaking is getting close to us.
Do set your profit taking point too close....may be around 150 pips
i am short on 9813 as well.
The weekly average range (WAR) for the gbpusd is 242 pips. If the top side holds of 9899 holds and gbpusd moves according to the yearly average the bottom side would be 9654 which is 159 pips from 9813. The chart below shows how the gbpusd has ranged the last 20 weeks compared to the yearly average of 242 pips.

The pink line is the (WAR) for the year and blue line shows the range of motion the last 20 weeks. Hopefully this helps
Attached Image
  • #13,923
  • May 29, 2007 10:25pm May 29, 2007 10:25pm
a safer target would be at one standard deviation above this average. by the way, do you know what's the standard deviation for this yearly average?

Quoting goodthings
The weekly average range (WAR) for the gbpusd is 242 pips. If the top side holds of 9899 holds and gbpusd moves according to the yearly average the bottom side would be 9654 which is 159 pips from 9813. The chart below shows how the gbpusd has ranged the last 20 weeks compared to the yearly average of 242 pips.

The pink line is the (WAR) for the year and blue line shows the range of motion the last 20 weeks. Hopefully this helps
Nihil Sine Deo.
  • #13,924
  • May 29, 2007 10:30pm May 29, 2007 10:30pm
Quoting Scrat
a safer target would be at one standard deviation above this average. by the way, do you know what's the standard deviation for this yearly average?
The chart posted that shows the weekly range of motion for the past 20 weeks. This includes all the weeks this year with the exception of the first. The chart shows how on a week to week basis it varies or deviates from the average.
  • #13,925
  • May 29, 2007 10:34pm May 29, 2007 10:34pm
The chart shows that 7 of the last 9 weeks the weekly range has been below the yearly average.
  • #13,926
  • May 29, 2007 10:36pm May 29, 2007 10:36pm
Another look at the (WAR)
Attached Image
  • #13,927
  • May 29, 2007 10:55pm May 29, 2007 10:55pm
Yes ..it is hard to believe because my target is 1.9200

Quoting Scrat
is that so hard to believe?
  • #13,928
  • May 29, 2007 11:11pm May 29, 2007 11:11pm
Quoting PandoraBox
Yes ..it is hard to believe because my target is 1.9200
why?
BAM BAM BOOM! -bravado
  • #13,929
  • May 29, 2007 11:26pm May 29, 2007 11:26pm
because.

Quoting bravado
why?
Nihil Sine Deo.
  • #13,930
  • May 30, 2007 12:09am May 30, 2007 12:09am
Interesting that Daily MACD has turned red (bear) once again.. hmm...
  • #13,931
  • May 30, 2007 1:41am May 30, 2007 1:41am
i know many expect a huge sell off but after watching cable for the past few months i wont be surprised if we didnt see too much of a fall or a fall but then retrace shortly after
  • #13,932
  • May 30, 2007 1:45am May 30, 2007 1:45am
Quoting Tatton
i know many expect a huge sell off but after watching cable for the past few months i wont be surprised if we didnt see too much of a fall or a fall but then retrace shortly after
Think this is a stop hunting move. It's probably that cable can go UP after the news.
  • #13,933
  • May 30, 2007 1:52am May 30, 2007 1:52am
cable needs to break 1.9767 for a few pips to see a strong downtrend....
  • #13,934
  • May 30, 2007 2:07am May 30, 2007 2:07am
Quoting JoZo
cable needs to break 1.9767 for a few pips to see a strong downtrend....
Is this the 38.2 fib line from the previous major bull move?
  • #13,935
  • May 30, 2007 2:11am May 30, 2007 2:11am
ahhhh, its good being a bear
  • #13,936
  • May 30, 2007 2:13am May 30, 2007 2:13am
Quoting goonergonebad
Is this the 38.2 fib line from the previous major bull move?
Don't use fibos I draw channels. Will see after the news where cable is going
  • #13,937
  • May 30, 2007 2:32am May 30, 2007 2:32am
what a fast market, GU down and clear 9770... Now its going UPPPPP
  • #13,938
  • May 30, 2007 2:43am May 30, 2007 2:43am
so far its a one way ticket
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 69 KB
  • #13,939
  • May 30, 2007 2:44am May 30, 2007 2:44am
Love coming down the Cable wave... this week waves will have super slides
  • #13,940
  • May 30, 2007 3:15am May 30, 2007 3:15am
i'm seeing a reverse head & shoulder at below attach image with the neckline at 1.9839....but not too sure of the pattern itself....

need of advise....
Attached Image (click to enlarge)
Click to Enlarge Name: New Bitmap Image (2).jpg Size: 57 KB
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