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Cable Update (GBPUSD)

  • #20,941
  • Jul 24, 2007 8:22pm Jul 24, 2007 8:22pm
Quoting benssol
as you see a bullish divergence on 30M
No I can see a bullish divergence on 30 degrees
  • #20,942
  • Jul 24, 2007 8:23pm Jul 24, 2007 8:23pm
Quoting zamans98
STOP posting girls photo. Put on some real WOMEN photo, okay?
sorry boys, I cannot post the tripple top formation
  • #20,943
  • Jul 24, 2007 8:24pm Jul 24, 2007 8:24pm
Quoting pino2
No I can see a bullish divergence on 30 degrees
I can't see anything... except SpB, not GBP... Close call though!
  • #20,944
  • Jul 24, 2007 8:24pm Jul 24, 2007 8:24pm
Quoting wwwin
4h, weekly and monthly, it gives you a better perspective
You are crazy.....
  • #20,945
  • Jul 24, 2007 8:29pm Jul 24, 2007 8:29pm
Quoting gene22
The place to watch is 2.0675-2.0700, it may overshoot a bit, but I expect this week to be a reversal in the sort term, with a potential of bottoming out at 2.0200 or so with an upside target of 2.1150-75 top by the years end
!!!!
  • #20,946
  • Jul 24, 2007 8:29pm Jul 24, 2007 8:29pm
Quoting gene22
As soon as the loonie reaches 1.0350-00, there is going to be a massive dollar correction, watch, it;s my last level
And another one
  • #20,947
  • Jul 24, 2007 8:30pm Jul 24, 2007 8:30pm
Aussie
  • #20,948
  • Jul 24, 2007 8:32pm Jul 24, 2007 8:32pm
Quoting zamans98
Hi Santoso, you are with WSS, right?
Zamans98, sorry, I don't know what you mean. The person that you mentioned is somebody else, not me.
  • #20,949
  • Jul 24, 2007 8:34pm Jul 24, 2007 8:34pm
Quoting santoso
Zamans98, sorry, I don't know what you mean. The person that you mentioned is somebody else, not me.
Its okay, I thought that you're the one... anyway, welcome to the forum...
  • #20,950
  • Jul 24, 2007 8:35pm Jul 24, 2007 8:35pm
Dollar index just broke through an immediate resistance, more upside potential for today after a brief pullback(for the dollar)
  • #20,951
  • Jul 24, 2007 8:37pm Jul 24, 2007 8:37pm
Quoting wwwin
This is one is on hourly chart.
Nah not long enuff for me...it'll need the daily to set the trend right.
  • #20,952
  • Jul 24, 2007 8:45pm Jul 24, 2007 8:45pm
My 2 long trades @ 2.0570 (opened yesterday) closed @ BE and 2.0598 SL is hit , and I'm long again @ 2.0560 (2 lots) SL @ 2.0550
  • #20,953
  • Jul 24, 2007 8:45pm Jul 24, 2007 8:45pm
Quoting wwwin
sorry boys, I cannot post the tripple top formation
It's okay. We know what you mean (triple girl or top or complex double top). Thanks for girls. GU penetrates the resistance 2.0583 which determines long or short.
  • #20,954
  • Jul 24, 2007 9:02pm Jul 24, 2007 9:02pm
Quoting gene22
Dollar index just broke through an immediate resistance, more upside potential for today after a brief pullback(for the dollar)
And what intermediate resistance is that ?
  • #20,955
  • Jul 24, 2007 9:07pm Jul 24, 2007 9:07pm
dollar index broke 80.27, now at 80.08
Trade what you see, not what you think.
  • #20,956
  • Jul 24, 2007 9:31pm Jul 24, 2007 9:31pm
Looking at cable to retrace to 2.0510 (23.6%) area to attack the Long again. This is from Daily chart from last down fractal to the last day high at 2.0650.

My 2 cents.
Chances favour the prepared.
  • #20,957
  • Jul 24, 2007 9:45pm Jul 24, 2007 9:45pm
Quoting maestr2
dollar index broke 80.27, now at 80.08
Thanks for the info. I know where US$ index is at. It was in reference to the point where index was breaking int. resistance. I don't see any point where it did that. At least not anything of significance.
  • #20,958
  • Jul 24, 2007 9:53pm Jul 24, 2007 9:53pm
GBPUSD is in up trend, the rise from 1.9621 extended to as high as 2.0652, further rise towards 2.0800 to reach the next cycle top on daily chart is still possible in the next several days. Near term support is at 2.0500, a break below this level will signal consolidation to the up trend. For long term analysis, GBPUSD bottomed at 1.9621 on weekly chart, and is in long term bullish movement. Further rise towards 2.1000 is expected to follow in the next several weeks.
If I Go Broke Trying Then I Will die happy.
  • #20,959
  • Jul 24, 2007 9:56pm Jul 24, 2007 9:56pm
LONG only @ 2.0470... else will short for few pips...
  • #20,960
  • Jul 24, 2007 10:07pm Jul 24, 2007 10:07pm
im long again at 585 tp profit will be at 50 pips. will see if it goes there. with the weak home sales forecasted will bring the pound to bull territory again. my analysis
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