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Cable Update (GBPUSD)

  • #16,301
  • Jun 28, 2007 6:37pm Jun 28, 2007 6:37pm
Quoting el_duende
Hot economic news - Spice girls have reformed, more important than FOMC statement im sure you will agree

I think this will mean cable will be bearish

haha, i wanna ask one of the spice girls, do you like long or short? coz i am long!
  • #16,302
  • Jun 28, 2007 8:43pm Jun 28, 2007 8:43pm
Notice that E/U is heading south, but GU holding tight at 2.0020's
  • #16,303
  • Jun 28, 2007 8:58pm Jun 28, 2007 8:58pm
Quoting zamans98
Notice that E/U is heading south, but GU holding tight at 2.0020's
I dont think the euro is going far, we either see it turn upwards here, or the $1.34 area. The bear traps are set, just my opinion.
  • #16,304
  • Jun 28, 2007 10:02pm Jun 28, 2007 10:02pm
thanx guys for the fresh jokes here.. especially on these cable "i'm so lazy to move - somebody spank my a**" kinda day..

Cesarnc, where do u get all those pics? Google-san?
  • #16,305
  • Jun 28, 2007 10:17pm Jun 28, 2007 10:17pm
Quoting gkumar
Would this be considered a bearish divergence on the daily charts for cable?Chart is from Vantage point software.
Kumar

I don't watch for divergences. Don't know what oscillator that is, but if you look back to late March the indicator was dropping as the market was rising. Not very accurate if you ask me. Guess some would say reverse divergence. They gotta come up with something to call it other than useless.
  • #16,306
  • Jun 28, 2007 11:06pm Jun 28, 2007 11:06pm
since the bull and bear are not fighting now..
I think its time for another kind of fight..
Attached Image
  • #16,307
  • Jun 28, 2007 11:13pm Jun 28, 2007 11:13pm
Quoting zamans98
Notice that E/U is heading south, but GU holding tight at 2.0020's
Hi
I closed my positions last night at 2.0002 hope you did the same, did you?

=======================
  • #16,308
  • Jun 28, 2007 11:23pm Jun 28, 2007 11:23pm
Quoting ndvt241
Hi
I closed my positions last night at 2.0002 hope you did the same, did you?

=======================
You don't think everyone has the same opinion, surely?
  • #16,309
  • Jun 28, 2007 11:33pm Jun 28, 2007 11:33pm
20000 is a strong and firm resistance. It is safe to short at 2000x
Give me patience
  • #16,310
  • Jun 28, 2007 11:36pm Jun 28, 2007 11:36pm
Quoting dd33
since the bull and bear are not fighting now..
I think its time for another kind of fight..
Gonna go see it in about 3 hours left. Muwahahahaha cant wait.

Autobots! Transform and roll out!
  • #16,311
  • Jun 28, 2007 11:39pm Jun 28, 2007 11:39pm
Quoting Bullfx
20000 is a strong and firm resistance. It is safe to short at 2000x

Nothing in forex is safe.
  • #16,312
  • Jun 28, 2007 11:47pm Jun 28, 2007 11:47pm
Cable looks like it is stuck in the mud........
  • #16,313
  • Jun 28, 2007 11:51pm Jun 28, 2007 11:51pm
Quoting Bullfx
20000 is a strong and firm resistance. It is safe to short at 2000x
Err.. dont u mean support??
  • #16,314
  • Jun 29, 2007 12:31am Jun 29, 2007 12:31am
This week the GbpUsd retraced to the weekly fib of 23.6 after last weeks 242 pip run from low to high.
Attached Image
  • #16,315
  • Jun 29, 2007 12:37am Jun 29, 2007 12:37am
This is where we set this week with it racing toward a new high for the week. If it reaches a new high it voids out the 23.6 retracement that it has already hit.
Attached Image
  • #16,316
  • Jun 29, 2007 12:42am Jun 29, 2007 12:42am
Quoting Turtle
Cable looks like it is stuck in the mud........
looks like it just shot out of the mud.
“Past performance is not indicative of future results”
  • #16,317
  • Jun 29, 2007 12:44am Jun 29, 2007 12:44am
A thing of beauty..
What a week, I'm locking in some profit and calling it a day.
  • #16,318
  • Jun 29, 2007 12:47am Jun 29, 2007 12:47am
Wendesday or Tuesday is normally a weekly pivot day for the gbpusd. Last week it did not have a mid week pivot but kept a bull run from Monday to Friday. That is only the 4th time it has done that since Nov. 2006. Haven't yet marked it out for the previous months in 2006, thats why I stop at Nov.
Attached Image
  • #16,319
  • Jun 29, 2007 2:34am Jun 29, 2007 2:34am
nice movement
  • #16,320
  • Jun 29, 2007 2:41am Jun 29, 2007 2:41am
Quoting cesarnc
So you won't say I just crack jokes around here...

With a former resistance now proven strong support just 20-some pips below current level, I still go for long with risk=break of 2.0000 down / reward 2.0072, last toppish

R:R 20:50. Good enough

cesar... are 2 lines above your buy limit SL?
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