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Cable Update (GBPUSD)

  • #20,601
  • Jul 22, 2007 9:48am Jul 22, 2007 9:48am
Maybe all watching British Open.
  • #20,602
  • Jul 22, 2007 11:37am Jul 22, 2007 11:37am
If you can't beat them, join them. Is the U.S. outwardly criticising China and silently copying them? A lot of knowledgeable people think so, more than mentioned in the article. So prepare for more $$ devaluation folks. Six month target is 2.1500

http://www.bloomberg.com/apps/news?p...NKQ&refer=home
  • #20,603
  • Jul 22, 2007 3:26pm Jul 22, 2007 3:26pm
Depth is not known pattern seems pretty clear though
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"Millionaires don't use astrology, billionaires do"
  • #20,604
  • Jul 22, 2007 3:43pm Jul 22, 2007 3:43pm
maybe this is whats up for cable
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"Millionaires don't use astrology, billionaires do"
  • #20,605
  • Jul 22, 2007 3:48pm Jul 22, 2007 3:48pm
a few cable channel setups 8hr 12hr day
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"Millionaires don't use astrology, billionaires do"
  • #20,606
  • Jul 22, 2007 4:58pm Jul 22, 2007 4:58pm
Major USD concern LOL


Crawford , Texas

A tragic flood this morning destroyed the entire
personal library of George W. Bush. The flood began in
the presidential bathroom where the books were kept.
Both books have been lost. A presidential spokesperson
said that the President was devastated, as he had
almost finished coloring the second one.

The White House tried to call FEMA, but there was no
answer.
"Millionaires don't use astrology, billionaires do"
  • #20,607
  • Jul 22, 2007 5:19pm Jul 22, 2007 5:19pm
Where is cesarnc? he didn't show up since Friday, I hope that everything is ok, come back cesar the thread is calling you
  • #20,608
  • Jul 22, 2007 5:21pm Jul 22, 2007 5:21pm
Where is Bravado (The trend controller), come back the market is calling you
  • #20,609
  • Jul 22, 2007 5:22pm Jul 22, 2007 5:22pm
Quoting pino2
Where is cesarnc? he didn't show up since Friday, I hope that everything is ok, come back cesar the thread is calling you
Cesar went up north to jump-start the dollar with a couple of caipirinhas!
  • #20,610
  • Jul 22, 2007 5:23pm Jul 22, 2007 5:23pm
Quoting OrionsWay
Major USD concern LOL


Crawford , Texas

A tragic flood this morning destroyed the entire
personal library of George W. Bush. The flood began in
the presidential bathroom where the books were kept.
Both books have been lost. A presidential spokesperson
said that the President was devastated, as he had
almost finished coloring the second one.

The White House tried to call FEMA, but there was no
answer.
Johann Channels and cycles are everything
  • #20,611
  • Jul 22, 2007 5:27pm Jul 22, 2007 5:27pm
One of the things Iīve learned is price usually navigate nor 1 but 2 channels of the same timeframe. I detect this channel last week but forget about it.

Take a look..

http://img412.imageshack.us/img412/1...7172048cv1.png
Johann Channels and cycles are everything
  • #20,612
  • Jul 22, 2007 5:29pm Jul 22, 2007 5:29pm
Quoting supergoncas
Cesar went up north to jump-start the dollar with a couple of caipirinhas!
  • #20,613
  • Jul 22, 2007 5:29pm Jul 22, 2007 5:29pm
How shall these floods affect the GBP?
"Millionaires don't use astrology, billionaires do"
  • #20,614
  • Jul 22, 2007 5:42pm Jul 22, 2007 5:42pm
Quoting OrionsWay
How shall these floods affect the GBP?
only if any rightmove homes were afftected
  • #20,615
  • Jul 22, 2007 5:46pm Jul 22, 2007 5:46pm
Now you can say this man is crazy, thatīs a very old old channel and that channel is worthless for trading now. Well, letīs see how price plays with its lines.

http://img170.imageshack.us/img170/9...7175219pv5.png

As you can see guys price plays very well with the lines as very important support and resistance lines. Now whatīs my point: the upper three magenta lines are the mid line zone of this channels, price reach the upper one and 90% of the time when price reach this area (of any channel) price reverse (as in the green ellipse where price rebounds on the middle line) so letīs see what happen next week.
Johann Channels and cycles are everything
  • #20,616
  • Jul 22, 2007 5:51pm Jul 22, 2007 5:51pm
Quoting Tragapips
Now you can say this man is crazy, thatīs a very old old channel and that channel is worthless for trading now. Well, letīs see how price plays with its lines.

http://img179.imageshack.us/img179/1...7173929mk4.png

As you can see guys price plays very well with the lines as very important support and resistance lines. Now whatīs my point: the upper three magenta lines are the midline zone of this channels, price reach the upper one and 90% of the time when price reach this area (of any channel) price reverse so letīs see what happen next week.
I see them pushing thru, not reversing, maybe a minor hiccup on the chart u posted
  • #20,617
  • Jul 22, 2007 6:22pm Jul 22, 2007 6:22pm
does anyone know of a broker that does not charge swap?
  • #20,618
  • Jul 22, 2007 6:37pm Jul 22, 2007 6:37pm
Quoting wwwin
I see them pushing thru, not reversing, maybe a minor hiccup on the chart u posted
Wwwin youīre right price is pushing the line and thereīs no sign of a retracement yet but in my experience with channels normally price retrace at this levels and then price can continue its uptrend
Johann Channels and cycles are everything
  • #20,619
  • Jul 22, 2007 7:27pm Jul 22, 2007 7:27pm
Zoheir, did you manage to grab euppy short on the open some nice pips coming about
"Millionaires don't use astrology, billionaires do"
  • #20,620
  • Jul 22, 2007 7:44pm Jul 22, 2007 7:44pm
Quoting Tragapips
Wwwin youīre right price is pushing the line and thereīs no sign of a retracement yet but in my experience with channels normally price retrace at this levels and then price can continue its uptrend
How are you drawing those lines, it does seem to stall there a little bit. In other words, what came first the chicken or the egg? Are you drawing the yellow rectangle after the stall or before it gets there?
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