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Cable Update (GBPUSD)

  • #18,361
  • Jul 12, 2007 1:05am Jul 12, 2007 1:05am
Quoting Bullfx
Bros. Tell me what the trend now, Up or Down, nothing is clear.
You need to do your top-down analysis - you should use whatever you normally use to establish what the trend is in the various time-frames you use....
  • #18,362
  • Jul 12, 2007 1:17am Jul 12, 2007 1:17am
thats a good one, dont ask,...i might add ask only if u are blind. hey guys what do u think about the deficit, since the dolar is so cheap it should be very less then expected, if not, another sell of will folow, i guess??
its just money
  • #18,363
  • Jul 12, 2007 1:19am Jul 12, 2007 1:19am
Well the weekly divergence is still very much in play....might not work out next week but it could be this week or next deciding what the turnout would be.
  • #18,364
  • Jul 12, 2007 1:20am Jul 12, 2007 1:20am
Quoting henrycarol
Careful to the shorters

Im myself long at 2.0330

Going for 40pips up

Anyway I do not see any signal saying short yet.


Geez..........
I opened 2 short positions at 0336 limit 0301 let's see
  • #18,365
  • Jul 12, 2007 1:23am Jul 12, 2007 1:23am
Quoting de123
thats a good one, dont ask,...i might add ask only if u are blind. hey guys what do u think about the deficit, since the dolar is so cheap it should be very less then expected, if not, another sell of will folow, i guess??
Um deficit ? isn't that something to do with fundamentals ? theoretically they matter I am told..in the long run I am sure they do but everyone is chasing interest rates and only one balance counts and that is their bank balance - so I wouldn't count on it...
  • #18,366
  • Jul 12, 2007 1:28am Jul 12, 2007 1:28am
Looks like it's winding really tight now, correction imminent!@!@!!
  • #18,367
  • Jul 12, 2007 1:29am Jul 12, 2007 1:29am
Quoting henrycarol
There is no gap........don't give urself an excuse to close a losing trade.
Long since tuesday,...
  • #18,368
  • Jul 12, 2007 1:35am Jul 12, 2007 1:35am
Be careful longs: price abandon the steeper uptrend channel. a good place to go long again 2.0282
Johann Channels and cycles are everything
  • #18,369
  • Jul 12, 2007 1:38am Jul 12, 2007 1:38am
UK property market slows sharply in June - RICS

Holding:
GBP 15K Short at 2.0363, TP 2.0237

Great short at 363. Cheers.
Give me patience
  • #18,370
  • Jul 12, 2007 1:39am Jul 12, 2007 1:39am
Cable is ranging again.. from .310 to .360.. so just have to satisfy myself with that range.. come to think again.. its not important which way the cable goes.. as long as it brings profit to my account
  • #18,371
  • Jul 12, 2007 1:43am Jul 12, 2007 1:43am
Quoting Tragapips
Be careful longs: price abandon the steeper uptrend channel. a good place to go long again 2.0282
It is still very strong uptrend.

Will test the resistance once again.....and believe me...it has a good chance to break it.
  • #18,372
  • Jul 12, 2007 1:53am Jul 12, 2007 1:53am
Quoting henrycarol
It is still very strong uptrend.

Will test the resistance once again.....and believe me...it has a good chance to break it.
Yup,... I think it will break resistance today,...
just waiting for the us trade balance to come out,...
  • #18,373
  • Jul 12, 2007 2:09am Jul 12, 2007 2:09am
The analysts say 20360 is very strong resistance and G/U can reverse to downside from this.
Give me patience
  • #18,374
  • Jul 12, 2007 2:16am Jul 12, 2007 2:16am
Quoting Bullfx
The analysts say 20360 is very strong resistance and G/U can reverse to downside from this.
Which ones ?
Btw I am short too, but small positon.
  • #18,375
  • Jul 12, 2007 2:32am Jul 12, 2007 2:32am
Quoting manu.aquetdju
Which ones ?
Btw I am short too, but small positon.
Glad to know that u r not married with ur "long cable long" mantra..
short too.. waiting to close n buy on dips again around .310. Missed the last one by 2 pips.. limit didnt triggered..
  • #18,376
  • Jul 12, 2007 2:37am Jul 12, 2007 2:37am
Quoting Bullfx
The analysts say 20360 is very strong resistance and G/U can reverse to downside from this.
Yeah.. and 2.0310 is a very strong support also and cable can bounce up from here. (Makes u even more confused rite?)
  • #18,377
  • Jul 12, 2007 2:50am Jul 12, 2007 2:50am
Quoting henrycarol
It is still very strong uptrend.

Will test the resistance once again.....and believe me...it has a good chance to break it.
Henry

Once again: Be careful longs. Price can go a bit higher but a correction is next

http://img150.imageshack.us/img150/8...7044916ma4.png
Johann Channels and cycles are everything
  • #18,378
  • Jul 12, 2007 2:57am Jul 12, 2007 2:57am
Quoting Tragapips
Henry

Once again: Be careful longs. Price can go a bit higher but a correction is next
Thats true.. but its not time to go short also (at least not the big one).. my opinion is to go long if break .360 (resistance) or go short if break .310 (support). Rite now just enjoying swimming in the small consolidation/range/channel between .310 and .360

At a time like this cesarnc would normally come up with fresh joke to lighten up the day..
  • #18,379
  • Jul 12, 2007 3:01am Jul 12, 2007 3:01am
Quoting dd33
Thats true.. but its not time to go short also (at least not the big one).. my opinion is to go long if break .360 (resistance) or go short if break .310 (support). Rite now just enjoying swimming in the small consolidation/range/channel between .310 and .360

At a time like this cesarnc would normally come up with fresh joke to lighten up the day..


I'm clueless so far. Euro is showing its teeth to 3800 right now and looks ready to spook the stops up there.

Cable testing Frankfurt open area. Failure to push down could refresh interest to go long. But I'm with you on this one: 0310 and 0360 is a nowhere land for now.

I'll be out of town shortly. Will catch up with the market tonight only. Good to let the market move a little and tells us what's next.
  • #18,380
  • Jul 12, 2007 3:03am Jul 12, 2007 3:03am
Once again Henry Carol has spoken,, it's up,,and still up
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