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Cable Update (GBPUSD)

  • #14,421
  • Jun 6, 2007 1:56pm Jun 6, 2007 1:56pm
Quoting Qu|cksilver
I have done alot of analysis since last friday and it shows cable can go up to 1.9033 maybe.. and i don't think today the price will hit that level because today not much news for gbp and usd.
1.9933.... Neither do I, its just range bound right now...
  • #14,422
  • Jun 6, 2007 2:05pm Jun 6, 2007 2:05pm
http://www.imagefreehost.com/files/0...1410065408.jpg

Quoting et_phonehome_2
1.9933.... Neither do I, its just range bound right now...
priceless..
BAM BAM BOOM! -bravado
  • #14,423
  • Jun 6, 2007 2:08pm Jun 6, 2007 2:08pm
So silly of me not checking the time. Its been range bound all day, do you think it will fall before it heads north again?
  • #14,424
  • Jun 6, 2007 2:09pm Jun 6, 2007 2:09pm
hard to say. 1.9986? 2.0016? 2.0076?

Quoting gobigo12
still thinking its going to hit the 2's for the final wave.
and then the spiral downward with commence.
Nihil Sine Deo.
  • #14,425
  • Jun 6, 2007 2:12pm Jun 6, 2007 2:12pm
I have a long position from yesterday, killing me after hitting that resistance - didn't S/L or close it... And this morning my short position got triggered, but now just lingering around the pivot point all day....
  • #14,426
  • Jun 6, 2007 2:15pm Jun 6, 2007 2:15pm
Quoting et_phonehome_2
So silly of me not checking the time. Its been range bound all day, do you think it will fall before it heads north again?
http://www.imagefreehost.com/files/0...1410065408.jpg
BAM BAM BOOM! -bravado
  • #14,427
  • Jun 6, 2007 2:23pm Jun 6, 2007 2:23pm
Bravado's got skills, prtscn and pasting.
  • #14,428
  • Jun 6, 2007 2:27pm Jun 6, 2007 2:27pm
yes. so what's your point again, bravado?

Quoting bravado
http://www.imagefreehost.com/files/0...1410065408.jpg
Nihil Sine Deo.
  • #14,429
  • Jun 6, 2007 2:33pm Jun 6, 2007 2:33pm
Quoting Scrat
yes. so what's your point again, bravado?
just trying to teach et_phonehome2 to check dates of the post from now on. i thought it was funny. oh well. i guess nobody else got the joke.

whatever. i don't really care anyway..
BAM BAM BOOM! -bravado
  • #14,430
  • Jun 6, 2007 2:38pm Jun 6, 2007 2:38pm
Quoting bravado
just trying to teach et_phonehome2 to check dates of the post from now on. i thought it was funny. oh well. i guess nobody else got the joke.

whatever. i don't really care anyway..
Very FUNNY.............. Thanks for making me laugh though I am down on GU...
  • #14,431
  • Jun 6, 2007 2:40pm Jun 6, 2007 2:40pm
Tomorrow is BOE rate statement. Expected unchanged with a last BOE minutes 9-0 for another hike + the statement itself.

One word from King we can see 2.0100 or 1.9500 in the next days.

In this picture, I beg your pardon, there is no way to be "up" or "down" in this pair.
  • #14,432
  • Jun 6, 2007 2:44pm Jun 6, 2007 2:44pm
i think i lost my sense of humor since i started to follow cable...
didn't mean to sound aggressive.

Quoting bravado
just trying to teach et_phonehome2 to check dates of the post from now on. i thought it was funny. oh well. i guess nobody else got the joke.

whatever. i don't really care anyway..
Nihil Sine Deo.
  • #14,433
  • Jun 6, 2007 2:57pm Jun 6, 2007 2:57pm
Quoting Scrat
i think i lost my sense of humor since i started to follow cable...
didn't mean to sound aggressive.
i'm sure you didn't but the damage is done.
BAM BAM BOOM! -bravado
  • #14,434
  • Jun 6, 2007 3:03pm Jun 6, 2007 3:03pm
Quoting cesarnc
In this picture, I beg your pardon, there is no way to be "up" or "down" in this pair.
wrong.
BAM BAM BOOM! -bravado
  • #14,435
  • Jun 6, 2007 3:07pm Jun 6, 2007 3:07pm
Quoting bravado
wrong.
Guess you're right... Taking a position now and you're defenitely "up"... Fu@#$@#%#-up

  • #14,436
  • Jun 6, 2007 3:20pm Jun 6, 2007 3:20pm
Quoting cesarnc
Tomorrow is BOE rate statement. Expected unchanged with a last BOE minutes 9-0 for another hike + the statement itself.

One word from King we can see 2.0100 or 1.9500 in the next days.

In this picture, I beg your pardon, there is no way to be "up" or "down" in this pair.
Very well, the news does determine the direction of movements when it is unexpectedly strong or weak, but that does not mean the market is completely dependent on news traders, especially those who listen to people like King. It *is* possible to be overbought or oversold regardless of the news, which is why we always buy dips and sell rallies. Mathematics and generally agreed upon things like fibs (which therefore become self-fulfilling psycho levels) can tell you where the sweet spots are.

Short story short, if the news comes as expected, it will continue down.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #14,437
  • Jun 6, 2007 3:25pm Jun 6, 2007 3:25pm
Quoting cesarnc
Guess you're right... Taking a position now and you're defenitely "up"... Fu@#$@#%#-up

I don't like how he simply waved you off, but you're assuming too much as well. I am 41 + 25 pips up on EURUSD and GBPUSD pairs since last night. How much have you made on these pairs in the past 24 hours?
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #14,438
  • Jun 6, 2007 3:32pm Jun 6, 2007 3:32pm
Quoting Plutonite
I don't like how he simply waved you off, but you're assuming too much as well. I am 41 + 25 pips up on EURUSD and GBPUSD pairs since last night. How much have you made on these pairs in the past 24 hours?
I'm not trading these pairs in the last few weeks. I'm not married to cable and euro as most of the people here. I go for one-night-stand with trending whores. That's business, not passion, buddy
  • #14,439
  • Jun 6, 2007 3:46pm Jun 6, 2007 3:46pm
Quoting cesarnc
I'm not trading these pairs in the last few weeks. I'm not married to cable and euro as most of the people here. I go for one-night-stand with trending whores. That's business, not passion, buddy
That was actually quite funny

I agree, but the strange thing is that many people see cable and euro as very trendy pairs (i.e non volatile) compared to our favorites like the GBPJPY, that dirty dragon. As for the past few weeks, we experienced a brief but "calm" short term trend change which did not deter me very much even though I'm traveling around these days.

Anyway good luck!

PS: Boring times in the market are always very exciting times for merlin I imagine, these forums see consistent bloodshed when people have free time.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #14,440
  • Jun 6, 2007 4:17pm Jun 6, 2007 4:17pm
NEW YORK (AP) -- Stocks slid for a second straight session Wednesday after an increase in labor costs stirred concerns about inflation and interest rates and as the yield on the benchmark 10-year Treasury flirted with 5 percent. The Dow Jones industrials fell more than 120 points.

Data showing unit labor costs rose a higher-than-expected 1.8 percent, raising concerns of inflationary pressures. The Labor Department also as expected reported that productivity waned in the first quarter. The readings did little to alleviate investor concerns that the inflation-wary Federal Reserve might lean toward raising rather than lowering rates later this year.


The inflation jitters came alongside the European Central Bank's widely expected decision to raise its key interest rate by a quarter of a percentage point to 4 percent. Stocks in Europe fell sharply.
“Past performance is not indicative of future results”
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