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Cable Update (GBPUSD)

  • #20,041
  • Jul 19, 2007 8:14am Jul 19, 2007 8:14am
Quoting treadline
whos bb?
BB = Beavis and Butt-Head
  • #20,042
  • Jul 19, 2007 8:14am Jul 19, 2007 8:14am
Quoting treadline
whos bb?

The USD BALL BREAKER. But even he takes his orders from someone.
"Millionaires don't use astrology, billionaires do"
  • #20,043
  • Jul 19, 2007 8:15am Jul 19, 2007 8:15am
Quoting pino2
BB = Beavis and Butt-Head
Sometimes he really is
  • #20,044
  • Jul 19, 2007 8:19am Jul 19, 2007 8:19am
2.0470 is very tough. Also the raising EURUSD is not helping GBPUSD a lot.
  • #20,045
  • Jul 19, 2007 8:23am Jul 19, 2007 8:23am
Quoting Big Wave Rider
Dialy is showning railroad tracks although still is a strong trend
4H chart are crossing my MA`s
1H shows deffinte reversal

This more than likely is just a retracement than an actual reversal, but the signs are starting to show up
I see this as a retracement. USD weakness is still in effect. So I am considering to just cover & book a few pips before the clown (a.k.a. Uncle Bob) starts to speak. Cable might gain momentum if he keeps on clowning around today as well. Not sure about this. Hmmm...

Generally, I see the market like this at the moment:
- Commodities: Bullish
- Stocks: Bullish, US Rally!
- USD: Bearish
  • #20,046
  • Jul 19, 2007 8:24am Jul 19, 2007 8:24am
Quoting Blah Blah
Why do you think that GBP will reach as low as 2.0330 by tommorrow evening?
I mean what if Bernake's speech in 20 mins gives the pound a boost again like last's nights speech? Then if it goes up again above 2.0500. What will bring the pound back down to the 330 your quoting??

I just want to know becuase I am about to take your advice.

Please explain!! :-)
Yesterday there was a strong 4hr bullish trend. Now the 4hr trend is very much bearish. Thats why it will be different today. Even if BB says some crap and if it goes 30+ pip north it will come down during course of the day.
  • #20,047
  • Jul 19, 2007 8:26am Jul 19, 2007 8:26am
Quoting SeekingLight
This should roughly be the time cable sets up to break 2.0555 from 2.0472 on just out of spite


Would be so funny if that were to happen eventually =)

Gold just hit 674.80$, not 612$ if anyone remembers this morning
Trust price. Know yourself.
  • #20,048
  • Jul 19, 2007 8:28am Jul 19, 2007 8:28am
Quoting Blah Blah
Why do you think that GBP will reach as low as 2.0330 by tommorrow evening?
I mean what if Bernake's speech in 20 mins gives the pound a boost again like last's nights speech? Then if it goes up again above 2.0500. What will bring the pound back down to the 330 your quoting??

I just want to know becuase I am about to take your advice.

Please explain!! :-)
how can u say that uncle ben will say some thing n it wil go to 2.0550 again,do u have any explaination?

what ever

i have explainaton because cable has started its journey from 1.9620,
and have touched level 2.0550,

almost 970 points,

from which atleast i m expecting 20 to 25 % retracement,which is 250 points arround,
for cable its just a piece of cake to move 200 pips in a day,
but it has started falling from yesterday n till tomorow it can reach 2.0325
why i say this level becasue behind this its a technical reason,


also i said if it breaks 2.0425 n closes below this level after then definately u wil see 2.0325 tommorow,

rgds

lord of fx"

also holy.... i just get this figures from technicals neither i have auto system,neither any predictor,nor any analyser
LIVE LOVE LAUGH KRISHNA
  • #20,049
  • Jul 19, 2007 8:29am Jul 19, 2007 8:29am
Quoting auslanco
Yesterday there was a strong 4hr bullish trend. Now the 4hr trend is very much bearish. Thats why it will be different today. Even if BB says some crap and if it goes 30+ pip north it will come down during course of the day.
No matter what BB says, this baby is going back to 1.9
  • #20,050
  • Jul 19, 2007 8:29am Jul 19, 2007 8:29am
Quoting SeekingLight




Gold just hit 674.80$, not 612$ if anyone remembers this morning
It will test lower channel, will it move 60bucks today LOL

prolly see 682 first dont u think
"Millionaires don't use astrology, billionaires do"
  • #20,051
  • Jul 19, 2007 8:30am Jul 19, 2007 8:30am
what's big ben gonna be blabbering about?
  • #20,052
  • Jul 19, 2007 8:32am Jul 19, 2007 8:32am
Quoting auslanco
Yesterday there was a strong 4hr bullish trend. Now the 4hr trend is very much bearish.
I love the way some terminology is tossed around and used loosely *g*

We now have 1 day trends on 4h!
Attached Image
Trust price. Know yourself.
  • #20,053
  • Jul 19, 2007 8:35am Jul 19, 2007 8:35am
Quoting SeekingLight
I love the way some terminology is tossed around and used loosely *g*

We now have 1 day trends on 4h!
I call it "buyers chickening out above the channel"

BTW, strong, strong kickoff in the stock market. +80 at open... That means one out of two things - I know you love this:

1)- Dow Jones will go up
2)- Dow Jones will go down after reaching the top...

That's what I like about the stock market: previsibility!
  • #20,054
  • Jul 19, 2007 8:37am Jul 19, 2007 8:37am
What happened to the those who long?

lalalalalalalala
  • #20,055
  • Jul 19, 2007 8:40am Jul 19, 2007 8:40am
Quoting henrycarol
What happened to the those who long?

lalalalalalalala

Long USD? Nobody is long USD
Trust price. Know yourself.
  • #20,056
  • Jul 19, 2007 8:41am Jul 19, 2007 8:41am
I'm flying out the window like a chicken today.
Booked 50 pips on my short.
No open positions left against cable
But good profits from cable during the last weeks
  • #20,057
  • Jul 19, 2007 8:43am Jul 19, 2007 8:43am
Quoting krishna
but it has started falling from yesterday n till tomorow it can reach 2.0325
why i say this level becasue behind this its a technical reason,

Daily retracement cut off level(5 SMA on daily chart) is sitting on 2.0325. Any hourley bar formation below that will have a serious retracement towards south.

Thanks for very valuable info Krishna.
  • #20,058
  • Jul 19, 2007 8:46am Jul 19, 2007 8:46am
soros are we ready for another run, its holding stable before US news release, is US crappy again, overcoming bad GP retail? There may be another run here, much like yesteday's action?
  • #20,059
  • Jul 19, 2007 8:48am Jul 19, 2007 8:48am
Quoting SeekingLight
Long USD? Nobody is long USD

LONG G/U i meant.........

Isn't this G/U thread.
  • #20,060
  • Jul 19, 2007 8:52am Jul 19, 2007 8:52am
Quoting wwwin
soros are we ready for another run, its holding stable before US news release, is US crappy again, overcoming bad GP retail? There may be another run here, much like yesteday's action?
Possible
Trade what you see, not what you think.
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