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Cable Update (GBPUSD)

  • #14,501
  • Jun 7, 2007 7:24am Jun 7, 2007 7:24am
Quoting ashlee_17
What's your stop loss?
1.9850
  • #14,502
  • Jun 7, 2007 7:26am Jun 7, 2007 7:26am
9780 would be safer. or if 9775 is broken, we'll see more downside - probably 9750/60.

Quoting muzicmasti
I am short from 1.9930, targeting 1.9760
Nihil Sine Deo.
  • #14,503
  • Jun 7, 2007 7:30am Jun 7, 2007 7:30am
Quoting Traex
1.9555

Sorry, just dreaming.
not far fetched at all.
BAM BAM BOOM! -bravado
  • #14,504
  • Jun 7, 2007 7:31am Jun 7, 2007 7:31am
1.9180 level is an obvious target medium-term.
  • #14,505
  • Jun 7, 2007 7:38am Jun 7, 2007 7:38am
1.9180 ?

Quoting Igrok
1.9180 level is an obvious target medium-term.
Nihil Sine Deo.
  • #14,506
  • Jun 7, 2007 7:42am Jun 7, 2007 7:42am
Quoting Scrat
1.9180?
i know where he got this figure from. it's not a bad number.

but believe me, i would have an army of shorts way above before this happens.
BAM BAM BOOM! -bravado
  • #14,507
  • Jun 7, 2007 7:43am Jun 7, 2007 7:43am
Quoting Scrat
1.9180?
Yep. There is an obvious bearish divergence on MACD weeklies pointing at the low of the year. Have never seen it to fail yet.

And this blue trendline is the most reasonable and legit target for this year.
Attached Image (click to enlarge)
Click to Enlarge Name: Weekly FXBPUSMUL, MACD (FXBPUSMUL, 12, 26, 9).jpg Size: 46 KB
  • #14,508
  • Jun 7, 2007 7:51am Jun 7, 2007 7:51am
alright then.
and now, since you too agree on this number let's watch another bullish move.
just kidding, of course.

Quoting bravado
i know where he got this figure from. it's not a bad number.

but believe me, i would have an army of shorts way above before this happens.
Nihil Sine Deo.
  • #14,509
  • Jun 7, 2007 7:55am Jun 7, 2007 7:55am
  •  vrama
  • | Joined Dec 2006 | Status: BE at right place@right time = LUCK | 210 Posts
Quoting Scrat
alright then.
and now, since you too agree on this number let's watch another bullish move.
just kidding, of course.
thanks Guys for everything.
I always read and try to follow the moves.
I am short since 9880.
Wondering where it turns back.

Again thanks for all your updates and explanations and posts in this forum.
All things are difficult before they are easy.
  • #14,510
  • Jun 7, 2007 7:56am Jun 7, 2007 7:56am
Quoting Scrat
alright then.
and now, since you too agree on this number let's watch another bullish move.
just kidding, of course.
For as long as majority disagree with me I'm fine. Just as soon as the number of supporters turns positive I'm in trouble.
  • #14,511
  • Jun 7, 2007 8:02am Jun 7, 2007 8:02am
i see what you mean, this is a possible target around the end of this year.

Quoting Igrok
Yep. There is an obvious bearish divergence on MACD weeklies pointing at the low of the year. Have never seen it to fail yet.

And this blue trendline is the most reasonable and legit target for this year.
Nihil Sine Deo.
  • #14,512
  • Jun 7, 2007 8:05am Jun 7, 2007 8:05am
Good Day

I think the cable still in uptrend .... today cable fall & touch fibo line 61.8 @ 1.9797 and return up again ... i think cable change to downtrend if its break 1.9620 and goes to 1.9590 the gate of Downtrend
  • #14,513
  • Jun 7, 2007 8:09am Jun 7, 2007 8:09am
Quoting Scrat
alright then.
and now, since you too agree on this number let's watch another bullish move.
just kidding, of course.
my discipline doesn't forecast yearly moves.
i trade more in the moment, present, or 'the now' which leads into the future.

which is different then trading into the future at the present.

having said that, the number mentioned 9180, is just in the cards. i would not trade on it.
BAM BAM BOOM! -bravado
  • #14,514
  • Jun 7, 2007 8:10am Jun 7, 2007 8:10am
Quoting deboooo2005
I think the cable still in uptrend ...
correct. cable is still bullish.
BAM BAM BOOM! -bravado
  • #14,515
  • Jun 7, 2007 8:53am Jun 7, 2007 8:53am
I think 1.9180 is also realistic.
  • #14,516
  • Jun 7, 2007 9:07am Jun 7, 2007 9:07am
Quoting cesarnc
still missing the old good days...
well, today was one of those good old days!!!

And I nailed it after some days being stoped

Hope cable resumes its normal traditional course from here!
  • #14,517
  • Jun 7, 2007 9:18am Jun 7, 2007 9:18am
1.9785 has hit those fib levels have worked again!

next levels could well be 1.9750 and then 1.9731 if 1.9780 doesnt hold this South advance
  • #14,518
  • Jun 7, 2007 9:35am Jun 7, 2007 9:35am
i can see it going down to my first target 1.9760 but i won't close it, i think it will go down to 9730 second target.
  • #14,519
  • Jun 7, 2007 9:41am Jun 7, 2007 9:41am
UK Lottery

Quote
[15:55 GBP/USD: Holding Just above 1.9800 Amid Talk of Stops] Boston, June 7.
GBP/USD holds just above the 1.9800 level, trading at 1.9803 as risk aversion
rules the roost. GBP/JPY has been sold heavily as the market reacts negatively
to rising interest rates which have spilled over into equity markets. Dealers
also sold pounds after the BOE left rates steady at its meeting this morning.
Some bought cable as a "lottery ticket", just in case the BOE surprised the
market with a hike as it did several times during this tightening cycle. Once
the lottery was over, they tore up their tickets and cashed out of positions.
Stops are eyed in the 1.9795 area, dealers report, with more below support at
1.9770. [email protected] /rd
IFR Forex Watch]
[SQUAWK BOX]

currently knocking at Suppport 1.9780..
  • #14,520
  • Jun 7, 2007 9:50am Jun 7, 2007 9:50am
I was short from 1.9923 closed @ 1.9850, I will wait till it reach the 1.9731 if reached and broken so I will sell cable again TP 1.9665, if not and then 1.9776 holds, so I will go long TP 1.9840
so 1.9731 and 1.9776 are keys for my next direction, I wish that cable don't try to think to practice it's lately favourable actions by sticking between these 2 levels with no clear direction
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