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Cable Update (GBPUSD)

  • #18,661
  • Jul 13, 2007 10:12am Jul 13, 2007 10:12am
Quoting 1000USD
any forcast ? any system , any idea about GBP USD ?
http://www.dailyfx.com/story/chartin...334141331.html
  • #18,662
  • Jul 13, 2007 10:14am Jul 13, 2007 10:14am
Quoting 1000USD
Hi cesarnc , do you think to go up to 2.03800 in next week ?
At this point I don't think up or down.

As I said before. Today's close below 0364 puts a triple top, favouring down move rather than up. Break of this level on Monday or Tuesday, brings 03500 minimum, since 0360 will turn into strong support.

This scenarios match with Euro's (3800 key figure) and Swiss' (1.2000).

I haven't seen the dollar getting hit so hard without at least one week off the respirator.

This is also 5th bullish week. There wasn't 5 weeks in the same direction since Mar 2006. So if have to BET (gamble) I'd bet on next week as bearish.
  • #18,663
  • Jul 13, 2007 10:15am Jul 13, 2007 10:15am
Quoting Zsartell
I think that the dollar is going to go down even further, we just got to get past this weeks high and then it should hit 2.03400 and beyond.

340 today i reckon - just trying to surf up to 355 then its curry time...
  • #18,664
  • Jul 13, 2007 10:22am Jul 13, 2007 10:22am
Quoting cesarnc
At this point I don't think up or down.

As I said before. Today's close below 0364 puts a triple top, favouring down move rather than up. Break of this level on Monday or Tuesday, brings 03500 minimum, since 0360 will turn into strong support.

This scenarios match with Euro's (3800 key figure) and Swiss' (1.2000).

I haven't seen the dollar getting hit so hard without at least one week off the respirator.

This is also 5th bullish week. There wasn't 5 weeks in the same direction since Mar 2006. So if have to BET (gamble) I'd bet on next week as bearish.

I totally agree
  • #18,665
  • Edited 10:31am Jul 13, 2007 10:23am | Edited 10:31am
I agree we have a triple top, 2.0365 seems to offer heavy resistance. I'm putting in two limit orders for next week, one a buy at 2.0375 and one a sell at 2.0265. If its gonna go down, this would be a MAJOR trend reversal, so I want to give it some room.

I think we are pretty much done for today, being Friday and all..
Disregard all prognostications.
  • #18,666
  • Jul 13, 2007 10:24am Jul 13, 2007 10:24am
Quoting cesarnc
At this point I don't think up or down.

As I said before. Today's close below 0364 puts a triple top, favouring down move rather than up. Break of this level on Monday or Tuesday, brings 03500 minimum, since 0360 will turn into strong support.

This scenarios match with Euro's (3800 key figure) and Swiss' (1.2000).

I haven't seen the dollar getting hit so hard without at least one week off the respirator.

This is also 5th bullish week. There wasn't 5 weeks in the same direction since Mar 2006. So if have to BET (gamble) I'd bet on next week as bearish.
so , thank you for your help . thanks so much.
byebye costly moments.
  • #18,667
  • Jul 13, 2007 10:29am Jul 13, 2007 10:29am
I made a great buy earlier but made a mistake selecting the sell area and enter at 0324. I´m still alive a hope to close at BE
Johann Channels and cycles are everything
  • #18,668
  • Jul 13, 2007 10:29am Jul 13, 2007 10:29am
Quoting henrycarol
If not today...next week.



I load up more longs on e/u and g/u already

Shorted again on usd/chf

Byebye Dollar.
Hi
Do you remeber when I told you that the 0400 is still too far and is better to wait until the MPC meeting....
  • #18,669
  • Jul 13, 2007 10:35am Jul 13, 2007 10:35am
Late surge by gbp and euro??????
  • #18,670
  • Jul 13, 2007 10:41am Jul 13, 2007 10:41am
Friday is not over yet..
Trade what you see, not what you think.
  • #18,671
  • Jul 13, 2007 10:47am Jul 13, 2007 10:47am
Short closed.
Long Cable Long.
  • #18,672
  • Jul 13, 2007 10:50am Jul 13, 2007 10:50am
There are witches here
  • #18,673
  • Jul 13, 2007 10:51am Jul 13, 2007 10:51am
Quoting karmostaji
Friday is not over yet..
this definitly is (was) a ranging market...

short any time it reaches 2.0365 or close because SL will be easy to figure it out...

too bad it is over with ...almost...


and buy stop above that ofcource...

dancing with the Devil... I hate it

looks like it is pushing again...wtf ...defdinitly ranging till it breaks
Pipology 101 student
  • #18,674
  • Jul 13, 2007 10:52am Jul 13, 2007 10:52am
I thought this will be a good time to short???

Guys is there any strategy here ya use for the G/U?

James16 or DailyFozzy or something? Ya input will be appreciated. I've read over some but not sure as of yet which one to implement.
  • #18,675
  • Edited 11:18am Jul 13, 2007 10:54am | Edited 11:18am
Quoting newjersey24
I thought this will be a good time to short???

Guys is there any strategy here ya use for the G/U?

James16 or DailyFozzy or something? Ya input will be appreciated. I've read over some but not sure as of yet which one to implement.
Moutaki...and srdc...and supprt resistance (simple stuff), and ofcourse FIBS

still reading james...

as for now ...bouncing between peak on fibs 0-38.2 with support (edit) going up @ 45 degrees...since london open..

2.0261 is key to me as far as support, and we all know what the resistance is

i am staying away for now unless it hits resistance 2.0365 and short it there....with tight sl

and for short TP will be 20-30 pips ...getting smaller as support line shrinks it


but you know what this means..
they try anyways...but will see http://www.bloomberg.com/apps/news?p...d=aLaColVYu5LA
Pipology 101 student
  • #18,676
  • Jul 13, 2007 11:17am Jul 13, 2007 11:17am
Thanks Pipology!! I'll look into it.
  • #18,677
  • Jul 13, 2007 11:19am Jul 13, 2007 11:19am
Call me crazy, but I think 0364 falls today

:surprised:surprised:surprised
  • #18,678
  • Jul 13, 2007 11:22am Jul 13, 2007 11:22am
Quoting cesarnc
Call me crazy, but I think 0364 falls today

:surprised:surprised:surprised
Hey, it's Friday the 13th....I don't see why it won't happen either.
  • #18,679
  • Jul 13, 2007 11:23am Jul 13, 2007 11:23am
Quoting Turtle
Hey, it's Friday the 13th....I don't see why it won't happen either.
Good point

10 pips to go. time of the truth
  • #18,680
  • Jul 13, 2007 11:28am Jul 13, 2007 11:28am
Quoting cesarnc
Call me crazy, but I think 0364 falls today

:surprised:surprised:surprised
we all waiting for that one...imagine how many pagers and blackberries will go off..

people will stop what they are doing ..

but, becareful because it can be a TEST as opposed to real break...
Pipology 101 student
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