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Cable Update (GBPUSD)

  • #19,241
  • Jul 17, 2007 9:07am Jul 17, 2007 9:07am
Amazing DOW 4 pips to 14K!
  • #19,242
  • Jul 17, 2007 9:07am Jul 17, 2007 9:07am
Quoting treadline
is this a retracement from the bull run?
That last 1H candle, IMO, was not a retracement. The price changed more than was warranted considering the low volume.

It appears that it was caused by brokers and/or floor traders trying to lure the unsuspecting public into believing that the uptrend is reversing... it is not!
  • #19,243
  • Jul 17, 2007 9:07am Jul 17, 2007 9:07am
2.0500 here i come...
don't worry guys.... the impulsive wave is still a long long long long way to go....
you can just go long, go vacation for a month or so and cable would still be bullish... trust me... the whole of american nation is doomed! USD is now a useless currency... will be worse than the iraqi dinar or indonesian rupiah...

i'm long GU long... never look back! yeeeeeeeeeee haaaaaaaaaaaaaaa!!!!!!!!
  • #19,244
  • Jul 17, 2007 9:09am Jul 17, 2007 9:09am
Quoting zamans98
Amazing DOW 4 pips to 14K!
means what? nothing! cable would still go up even though DOW reach 20K or 30K... it won't retrace anymore... not in my lifetime ... i will long forever and ever and ever
  • #19,245
  • Jul 17, 2007 9:11am Jul 17, 2007 9:11am
Quoting RJF
That last 1H candle, IMO, was not a retracement. The price changed more than was warranted considering the low volume.

It appears that it was caused by brokers and/or floor traders trying to lure the unsuspecting public into believing that the uptrend is reversing... it is not!

thanks for that info rjf. ya was just wondering is all as i dont think it will go down any further. the pound is too strong for it to become bearish. will see 500 hopefully by tomorrow.
  • #19,246
  • Jul 17, 2007 9:16am Jul 17, 2007 9:16am
Quoting treadline
thanks for that info rjf. ya was just wondering is all as i dont think it will go down any further. the pound is too strong for it to become bearish. will see 500 hopefully by tomorrow.
no need to wait for tomorrow... cable can reach 2.0500 in a blink of an eye...
btw. tomorrow news data all good for GBP and bad for USD... so 2.0700 here we come! yeee haaaaaaaaa!!!!!!!! i'm so happy!
  • #19,247
  • Jul 17, 2007 9:16am Jul 17, 2007 9:16am
Hm. Setting personal targets to 2.0550/575 for 90% of anything left.

Some measurements already line up with 2.0472, if superceded those are the levels I will be looking to ditch the final longs.

The last impulse already was 915 pips so at 803 moved for this one it'd be pretty odd if we surpassed it. Either way I'm starting to believe we're in the last 50-150 pips as outlined before. Not that I'm seeing any tops, just trying to find a sensible TP spot. Will naturally let price tell me when it wants to fall as well.
Trust price. Know yourself.
  • #19,248
  • Jul 17, 2007 9:21am Jul 17, 2007 9:21am
Quoting SeekingLight
Hm. Setting personal targets to 2.0550/575 for 90% of anything left.

Some measurements already line up with 2.0472, if superceded those are the levels I will be looking to ditch the final longs.

The last impulse already was 915 pips so at 803 moved for this one it'd be pretty odd if we surpassed it. Either way I'm starting to believe we're in the last 50-150 pips as outlined before. Not that I'm seeing any tops, just trying to find a sensible TP spot. Will naturally let price tell me when it wants to fall as well.

my tp is at the 500 mark as its easy for the pound to reach that mark. will trade another day and will analys my charts to see where its going tomorrow. will take it one day at a time is the easies way to trade.

thanks
  • #19,249
  • Jul 17, 2007 9:31am Jul 17, 2007 9:31am
NYC a no-show. Again.
  • #19,250
  • Jul 17, 2007 9:32am Jul 17, 2007 9:32am
Quoting pipology-101
coming back to 6 after penetrating 5 a bit...or.... going going going , gone
if it passes 5 by 50 pips

5 = 2.0560-80 area

this is not EW, this is WW, as in wolf wolf

will wait for 8:30 am

me happy with 100 pips profit in london session today

hey FF, i love u
You posted yesterday that you had counted 6 waves and it was not EW instead WW, which I assumed was wolfe waves. Only thing there isn't 6 waves in that either. 5 points and eta and epa make a single wolfe wave. Just thought I'd let you know so we all understand each other better.
  • #19,251
  • Jul 17, 2007 9:34am Jul 17, 2007 9:34am
Quoting cesarnc
NYC a no-show. Again.
i've told you... nobody is interested on anything that got to do with USA anymore... whatever they do no matter good or bad, USD will keen on falling forever to eternity... long your cable... long your EU.... profit will be with u
  • #19,252
  • Jul 17, 2007 9:39am Jul 17, 2007 9:39am
Quoting cesarnc
NYC a no-show. Again.



if # 5 is breached tomorrow during BOE meeting, then it is a different story.
If not then, here you have it.

The question is, am I gonna follow my own rules ?
Attached Image (click to enlarge)
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Pipology 101 student
  • #19,253
  • Jul 17, 2007 9:39am Jul 17, 2007 9:39am
Hi

To Everyone Those Who Know Me,n Who R Willing To Know Me,

I Have Been Reading The Posts Fom Lat 3 Months But Posted From My Side,
As This My Frst Post,
I Will Start Giving My Trading Signals From Gbpusd,
As Of Till Now Many Account Has Been Wipe Out,

I Always Say One Thing Fo This Market Happy Trade Patience Pays,
If U Have Patience No One Can Cut Or Loose A Position,

Gbpusd Will Touch 2.0555 Which Wil Be His Last Figure For This Year,
U Will Not See This Figure Again In 2007,

So Those Who R In Margin Pt Ewuity N Wait For 2.0555,n If U Have More Equity Sell As Much As U Can,

As Market Turns From That Level With 7 Days U Can Se 2.0000
That Means Almost 550 Pips Move,
Which Give Great Return,

Also I Will Post For Eurusd N Audusd,
Same Like Cable,

Long Term Plays Always Well N Safe,

Lord Of Fx

"krishna"
LIVE LOVE LAUGH KRISHNA
  • #19,254
  • Jul 17, 2007 9:42am Jul 17, 2007 9:42am
are You Drunk? Soros
Attached Image
  • #19,255
  • Jul 17, 2007 9:42am Jul 17, 2007 9:42am
Quoting pipology-101
if # 5 is breached tomorrow during BOE meeting, then it is a different story.
If not then, here you have it.

The question is, am I gonna follow my own rules ?
#5 is definately going to be breached today before NYC session ends... just wait and see
  • #19,256
  • Jul 17, 2007 9:44am Jul 17, 2007 9:44am
Quoting krishna
Hi

To Everyone Those Who Know Me,n Who R Willing To Know Me,

I Have Been Reading The Posts Fom Lat 3 Months But Posted From My Side,
As This My Frst Post,
I Will Start Giving My Trading Signals From Gbpusd,
As Of Till Now Many Account Has Been Wipe Out,

I Always Say One Thing Fo This Market Happy Trade Patience Pays,
If U Have Patience No One Can Cut Or Loose A Position,

Gbpusd Will Touch 2.0555 Which Wil Be His Last Figure For This Year,
U Will Not See This Figure Again In 2007,

So Those Who R In Margin Pt Ewuity N Wait For 2.0555,n If U Have More Equity Sell As Much As U Can,

As Market Turns From That Level With 7 Days U Can Se 2.0000
That Means Almost 550 Pips Move,
Which Give Great Return,

Also I Will Post For Eurusd N Audusd,
Same Like Cable,

Long Term Plays Always Well N Safe,

Lord Of Fx

"krishna"
thanks for the tips but no thanks... i'm seeing 2.1000 instead... why stop at 2.0550 when you can go further to 2.1000 and 3.0000?
  • #19,257
  • Jul 17, 2007 9:44am Jul 17, 2007 9:44am
Krishna, go back to school and learn how to type.
Trade what you see, not what you think.
  • #19,258
  • Jul 17, 2007 9:46am Jul 17, 2007 9:46am
Thank you Krishna.
Did that tip come to you while you were on the Astral plane?
  • #19,259
  • Jul 17, 2007 9:47am Jul 17, 2007 9:47am
Quoting venci
are You Drunk? Soros
wonderful picture
  • #19,260
  • Jul 17, 2007 9:51am Jul 17, 2007 9:51am
Quoting allserene
It's a shame the GBP is so high and you cannot all come here to the UK - but I am sure the Americans will give you a warm welcome
and you can also get your first sight of rain - and lots of it !
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