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Cable Update (GBPUSD)

  • #17,881
  • Jul 9, 2007 5:03am Jul 9, 2007 5:03am
Please check this. This 2 charts can give a new perspective.

http://www.forexfactory.com/showpost...ostcount=17803

and

http://www.forexfactory.com/showpost...ostcount=17804

Anything inside this levels is just noise
Johann Channels and cycles are everything
  • #17,882
  • Jul 9, 2007 5:09am Jul 9, 2007 5:09am
Quoting Bullfx
I totally Agree, BIG BOYS are luring us, so do not be trapped in bull. Nothing support GU at the moment. Let's short now. It will down in NY session.



Gotta love this thread ;p

2100 pips and 14 months later and still nobody is willing to admit this chart is moving up instead of down...

Jacko is right, it DOES take a 6 year old!
Attached Image
Trust price. Know yourself.
  • #17,883
  • Jul 9, 2007 5:13am Jul 9, 2007 5:13am
Quoting SeekingLight



Gotta love this thread ;p

2100 pips and 14 months later and still nobody is willing to admit this chart is moving up instead of down...

Jacko is right, it DOES take a 6 year old!
...another pro passing remarks...thanks.

I thought people are entitled to opinions and active discussions are encouraged? Does the above mention remarks did any help? Some might be happy enuff to sell so that they could buy back...
  • #17,884
  • Jul 9, 2007 5:36am Jul 9, 2007 5:36am
Yea, its only ebb no flo
"Millionaires don't use astrology, billionaires do"
  • #17,885
  • Jul 9, 2007 5:49am Jul 9, 2007 5:49am
Quoting jest1081
...another pro passing remarks...thanks.

I thought people are entitled to opinions and active discussions are encouraged? Does the above mention remarks did any help? Some might be happy enuff to sell so that they could buy back...

No prob.

I assume the transformers movie was more pertinent to GBPUSD than a 14 month reliable trendline and current trend direction of the pair in question?

Or perhaps the thread is only meant for people with < 1000 post count, opinions not entitled to those with above? Or what was your point?

Either way, I know what mine was. Trend is up, selling is more hazardous than buying, spots to buy at clearer, places to sell from not exactly apparent from the quoted post and no current small timeframe setup apparent to me on my 1h and 4h charts.

I know it's annoying to have someone actually try and post something helpful in between all the funny pictures and quibbling, so I'll try to reduce it to a minimum in the future.

Take care.
Trust price. Know yourself.
  • #17,886
  • Jul 9, 2007 5:52am Jul 9, 2007 5:52am
it's great.
BAM BAM BOOM! -bravado
  • #17,887
  • Jul 9, 2007 6:01am Jul 9, 2007 6:01am
Quoting ndvt241
Wait and you will see
US will not let her dollar go out to UK, NZ, AUSSI so easy.
They may raise their interest rate and sooner than expected. The reacent US' Datas was not bad at all. We may see the cable start falling down with this coming NY Sassion if not right now!
What's a NY Sassion?
  • #17,888
  • Jul 9, 2007 6:03am Jul 9, 2007 6:03am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
Hi guys!

I went to a doctor today and I opened my charts just 15min ago. I see I missed long brakeout in GPU/USD and short brakeout in USD/YEN...
Too bad but we will have a lot of oportunities to make money.....

"Loss of oportunity is preferable to loss of capital" said a smart man.....
  • #17,889
  • Jul 9, 2007 6:26am Jul 9, 2007 6:26am
For my part I see cable struggling to reach above the recent price pivot after a daily pin off the rising trend line at 23.8 fib.

Price currently struggling around the April high.

Current price is indeterminate but given that we are witnessing a long term bull trend, a medium term bull trend and a short term bull trend, I suspect it more likely that the pivot will be broken to the upside.
quote of the day: . It's like deja-vu all over again
  • #17,890
  • Jul 9, 2007 6:40am Jul 9, 2007 6:40am
People mentioning the UK PPI report today are correct in saying that we should have seen a move down in cable. Today however there has been alot of selling the $ across the board which may account for cables rise. I believe techincals have been GBP bullish as well which contributes to price rise.

I myself am next going to short cable next when I see a good entry as I believe that cable will drop back to 1.99** area. This inflation report is showing inflation has been brought under control and BOE do not need to raise rates again.

CPI report will be important later this month as this will confirm wether BOE has got inflation under control.
  • #17,891
  • Jul 9, 2007 6:52am Jul 9, 2007 6:52am
Quoting Qu|cksilver
Hi,
Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
sing bener ae mas????????
  • #17,892
  • Jul 9, 2007 7:07am Jul 9, 2007 7:07am
Remember that at the moment cable price action is mostly about USD and not so much about the GBP part. Selling cable is almost like just buying dollars. And the USD is in big trouble this days. I'm still long cable.
  • #17,893
  • Jul 9, 2007 7:21am Jul 9, 2007 7:21am
Quoting SeekingLight
No prob.

I assume the transformers movie was more pertinent to GBPUSD than a 14 month reliable trendline and current trend direction of the pair in question?

Or perhaps the thread is only meant for people with < 1000 post count, opinions not entitled to those with above? Or what was your point?

Either way, I know what mine was. Trend is up, selling is more hazardous than buying, spots to buy at clearer, places to sell from not exactly apparent from the quoted post and no current small timeframe setup apparent to me on my 1h and 4h charts.

I know it's annoying to have someone actually try and post something helpful in between all the funny pictures and quibbling, so I'll try to reduce it to a minimum in the future.

Take care.
I would also like apologise for my rude behaviour, fact was i saw that you were making a mockery of the discussion, transformers aside.
  • #17,894
  • Jul 9, 2007 7:40am Jul 9, 2007 7:40am
If g/j is around 249 I expect g/u to be over 2.0160......seems like GBP is very very strong today.
  • #17,895
  • Jul 9, 2007 7:58am Jul 9, 2007 7:58am
Quoting Blah Blah
What's a NY Sassion?
New york session
  • #17,896
  • Jul 9, 2007 8:07am Jul 9, 2007 8:07am
Quoting ndvt241
Cable is touching the 0150 but then is what?!

Weaker PPI datas, waeker retail sales, weaker confidence,
Morgage payers are paying the highest interest rate in the world and equity withdrawals start dropping. All of that, are showing an inflation presuure and signs for economic slowing down. So, the expectation for another rate hike in the next few months is turning off.
The right way for the cable for now is the down side
Cable is trying to break the strong 0135 support (going down). I think it will very soon
  • #17,897
  • Jul 9, 2007 8:17am Jul 9, 2007 8:17am
I'm short cable, based on a failed (so far) sustained break of the 2.0160 level. Tight stop 2.0175, first profit 2.0056 area. Let's see what happens.
  • #17,898
  • Jul 9, 2007 8:32am Jul 9, 2007 8:32am
Longs have problems with upper limit of this old channel

http://img218.imageshack.us/img218/6...7083052wj7.png
Johann Channels and cycles are everything
  • #17,899
  • Jul 9, 2007 8:46am Jul 9, 2007 8:46am
Quoting ndvt241
Cable is trying to break the strong 0135 support (going down). I think it will very soon
I dont think so.
  • #17,900
  • Jul 9, 2007 8:50am Jul 9, 2007 8:50am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
I think dollar is stil too weak....
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