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Cable Update (GBPUSD)

  • #18,681
  • Jul 13, 2007 11:31am Jul 13, 2007 11:31am
Quoting pipology-101
we all waiting for that one...imagine how many pagers and blackberries will go off..

people will stop what they are doing ..
And with that point I'm taking the kids to the movies, set an alert for my cell phone.

If it rings, then I will think of "cha-ching" as money gets dropped into my account.
  • #18,682
  • Jul 13, 2007 11:31am Jul 13, 2007 11:31am
Quoting pipology-101
we all waiting for that one...imagine how many pagers and blackberries will go off..
RRRIINNNGGGG RRRIIINNGGGG

"Who's that???"

"Your stoploss you MORON!!!!"

  • #18,683
  • Jul 13, 2007 11:36am Jul 13, 2007 11:36am
Maybe if you all think real hard u can make it happen like in Woodstock but dont take the brown acid
"Millionaires don't use astrology, billionaires do"
  • #18,684
  • Jul 13, 2007 11:38am Jul 13, 2007 11:38am
honey........... If my "margin Call" tell him I'm not here
  • #18,685
  • Jul 13, 2007 11:41am Jul 13, 2007 11:41am
Haha zoheir.
  • #18,686
  • Jul 13, 2007 11:42am Jul 13, 2007 11:42am
10:33 The USD index traded as low as 80.44, just a few points from its Dec. 2004 low of 80.40. This is the most likely source of a potential USD rebound in coming weeks.

To remember, 81.50 was 2005 low and provided strong support this year and now it's gone. If market is searching for another figure, this one could well be it...
  • #18,687
  • Jul 13, 2007 11:47am Jul 13, 2007 11:47am
"sniff sniff"...

There is definitely a rabbit in this hole...

http://www.pointinggundogs.com/httpd...bySniffing.jpg
  • #18,688
  • Jul 13, 2007 12:08pm Jul 13, 2007 12:08pm
If the index do fall to or below 80.00. I think we will see a sell off like no other.

If memory serves me right USD index never went below 80. Losing over 20% of the USD value. Meaning unknown territory in which traders may not know how to react.

Hopefully 80.40 is the knew found support for USD rebound but if not, better get ready for a serious jump off.

Quoting cesarnc
10:33 The USD index traded as low as 80.44, just a few points from its Dec. 2004 low of 80.40. This is the most likely source of a potential USD rebound in coming weeks.

To remember, 81.50 was 2005 low and provided strong support this year and now it's gone. If market is searching for another figure, this one could well be it...
  • #18,689
  • Jul 13, 2007 12:10pm Jul 13, 2007 12:10pm
Quoting newjersey24
If the index do fall to or below 80.00. I think we will see a sell off like no other.

If memory serves me right USD index never went below 80. Losing over 20% of the USD value. Meaning unknown territory in which traders may not know how to react.

Hopefully 80.40 is the knew found support for USD rebound but if not, better get ready for a serious jump off.
There was a sub-80 already, I've read somewhere... Think it was 1991 or 1992, not sure.
  • #18,690
  • Jul 13, 2007 12:30pm Jul 13, 2007 12:30pm
man i'm signing off had a great week.cheers!! cya guys next week
  • #18,691
  • Jul 13, 2007 12:30pm Jul 13, 2007 12:30pm
Come here to check before going to sleep.. wow we got a very friendly environment here.. not like late asia / london sessions.. very hostile..

Next week we should see a lot of movement hopefully.. testing of support again.. if breached.. going to be early bearish.. Just checked my H4 chart.. cable havent test .310 yet after she breached through.. so there is some hope to go higher from here..
  • #18,692
  • Jul 13, 2007 12:33pm Jul 13, 2007 12:33pm
Anyone who trade using james'.. is that a PB on E/U H4 TF?? Thanx..
  • #18,693
  • Jul 13, 2007 1:09pm Jul 13, 2007 1:09pm
Quoting dd33
Anyone who trade using james'.. is that a PB on E/U H4 TF?? Thanx..
Euro closing the day below 3797, the daily candle is a pin-bar.

Too many indicators in favour of the dollar now:

- Euro daily to form pin-bar
- Cable triple top at 0364
- Swiss daily to form pin-bar
- UJ holding above 122 - the 23% fib of the last bull run from 115s

It's likely an easy trade here for monday: short Cable stop 0365/70. Stop and reverse 0370 with SL 0360.

One of them are going to pay big buck offering A-M-A-Z-I-N-G Risk reward. I'm starting next week short.
  • #18,694
  • Jul 13, 2007 1:12pm Jul 13, 2007 1:12pm
Quoting dd33
Come here to check before going to sleep.. wow we got a very friendly environment here.. not like late asia / london sessions.. very hostile..
Hey mate, what's wrong with london session

I'm always trading london/us sessions and I don't really see the difference :surprised
  • #18,695
  • Jul 13, 2007 1:18pm Jul 13, 2007 1:18pm
Quoting cesarnc
Euro closing the day below 3797, the daily candle is a pin-bar.

Too many indicators in favour of the dollar now:

- Euro daily to form pin-bar
- Cable triple top at 0364
- Swiss daily to form pin-bar
- UJ holding above 122 - the 23% fib of the last bull run from 115s

It's likely an easy trade here for monday: short Cable stop 0365/70. Stop and reverse 0370 with SL 0360.

One of them are going to pay big buck offering A-M-A-Z-I-N-G Risk reward. I'm starting next week short.
Picking tops...and bottoms is very nice if you did it.

If not it will be very very painful.

Trend is still USD weakness. I say, the dollar sell off could continue longer.

But who knows. Just following the trend.

Just came back from DOTA. Yeah .....won 2 matches.

Cheers.
  • #18,696
  • Jul 13, 2007 1:19pm Jul 13, 2007 1:19pm
Quoting cesarnc
Euro closing the day below 3797, the daily candle is a pin-bar.

Too many indicators in favour of the dollar now:

- Euro daily to form pin-bar
- Cable triple top at 0364
- Swiss daily to form pin-bar
- UJ holding above 122 - the 23% fib of the last bull run from 115s

It's likely an easy trade here for monday: short Cable stop 0365/70. Stop and reverse 0370 with SL 0360.

One of them are going to pay big buck offering A-M-A-Z-I-N-G Risk reward. I'm starting next week short.
  • #18,697
  • Jul 13, 2007 1:30pm Jul 13, 2007 1:30pm
Quoting henrycarol
Picking tops...and bottoms is very nice if you did it.

If not it will be very very painful.

Trend is still USD weakness. I say, the dollar sell off could continue longer.

But who knows. Just following the trend.

Just came back from DOTA. Yeah .....won 2 matches.

Cheers.
I'm not saying cable WILL go down. I'm saying some dollar recovery for next is favoured at this point, since 80.40s was traded.

Right now, I prefer going for the best risk:reward offered: short with stop right above the top. Target for weeks to come would be 1.9995 (50% fib 9615 - 0364). Euro not too much below 3600. This is actually "target USD-index 81.50, last support, now likely resistance).

I'm just sick of staying glued to the screen already. This will be a trade and forget. Stop and Reverse above 0364 and let this baby shows what it's got.
  • #18,698
  • Jul 13, 2007 1:32pm Jul 13, 2007 1:32pm
Quoting cesarnc
I'm not saying cable WILL go down. I'm saying some dollar recovery for next is favoured at this point, since 80.40s was traded.

Right now, I prefer going for the best risk:reward offered: short with stop right above the top. Target for weeks to come would be 1.9995 (50% fib 9615 - 0364). Euro not too much below 3600. This is actually "target USD-index 81.50, last support, now likely resistance).

I'm just sick of staying glued to the screen already. This will be a trade and forget. Stop and Reverse above 0364 and let this baby shows what it's got.
Last but not least: I'm EXTREMELY dollar bearish for the long run. Doesn't mean we are not seeing some sort of correction. Dollar sub 80 will be another trade it and forget it, when it happens.

Note: last big run up from 9183 to 0131 has seen a correction to 50% fib, almost at the pip
  • #18,699
  • Jul 13, 2007 1:43pm Jul 13, 2007 1:43pm
On a Friday the 13th, Gold closes at $666.

There is NO WAY it can be good.
  • #18,700
  • Jul 13, 2007 1:43pm Jul 13, 2007 1:43pm
Quoting Dexis
Hey mate, what's wrong with london session

I'm always trading london/us sessions and I don't really see the difference :surprised
I didnt mean the trading.. i mean the situation here in this thread during london sessions.. lots of emotions involved.. Anyway its already past.. so lets focus on what will happen to cable next week..
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