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Cable Update (GBPUSD)

  • #21,201
  • Jul 26, 2007 1:21am Jul 26, 2007 1:21am
Quoting zamans98
Not so fast. NFP coming up in 2 weeks time. Only by then, we can expect 2.02
Even the data comes out in a positive region, the worst one can expect is 2.0375.
Ya, I don't mean right now
  • #21,202
  • Jul 26, 2007 1:22am Jul 26, 2007 1:22am
i m trading with fozzy strategy
short @ 2.0540 hehe @2300GMT

go bear go.....lets cover what we ve lost when bull appear since middle june.
  • #21,203
  • Jul 26, 2007 1:25am Jul 26, 2007 1:25am
if we have worse than expected Euro Data in 1.5 hours and see that eurusd falls down further south, would this help cable fall down as well? any ideas?
  • #21,204
  • Jul 26, 2007 1:29am Jul 26, 2007 1:29am
Quoting bujal38
i m trading with fozzy strategy
short @ 2.0540 hehe @2300GMT

go bear go.....lets cover what we ve lost when bull appear since middle june.
welcome, so fozzy gave a sell today, MA crossover above top half of BB?

The house numbers came out bad for GBP, me like.
  • #21,205
  • Jul 26, 2007 1:29am Jul 26, 2007 1:29am
Quoting Alfa159
around 2.0486 there seems to be a support. Though i did not have this level as support in my works. But still I am confident since the pair broke 2.0500 by 15 pips. 2.0300 is my aim by tuesday.
I think the support area comes from yesterday's low at .0485. Breach through can mean movement to south for today..
  • #21,206
  • Jul 26, 2007 1:30am Jul 26, 2007 1:30am
Quoting Alfa159
if we have worse than expected Euro Data in 1.5 hours and see that eurusd falls down further south, would this help cable fall down as well? any ideas?
The EURO data having no big impact on the market. So, a 10-20 pips moves are expected, as usual.

BUT

If EURO move to highway 1.3700 and dip below, good chance CABLE will follow suit to 2.0470's region.
  • #21,207
  • Jul 26, 2007 1:31am Jul 26, 2007 1:31am
Quoting dd33
I think the support area comes from yesterday's low at .0485. Breach through can mean movement to south for today..

thats true... I couldnt see that one.. Yeah yesterday's low was .0485... Hoping it will brake it though as I wrote this the pair is around 0498...
As I said, American Data will tell us the way most probably.
  • #21,208
  • Jul 26, 2007 1:32am Jul 26, 2007 1:32am
Quoting wwwin
welcome, so fozzy gave a sell today, MA crossover above top half of BB?

The house numbers came out bad for GBP, me like.
I think it should be MA-RSI crossover
  • #21,209
  • Jul 26, 2007 1:37am Jul 26, 2007 1:37am
What the @#$%^&*??? Touch .0485 and bounce back retest .0510 again?? Bulls still fighting hard??
  • #21,210
  • Jul 26, 2007 1:37am Jul 26, 2007 1:37am
a very heart breaking moment.
  • #21,211
  • Jul 26, 2007 1:44am Jul 26, 2007 1:44am
Quoting dd33
What the @#$%^&*??? Touch .0485 and bounce back retest .0510 again?? Bulls still fighting hard??
The monkeys are pushing towards .500, hoping that reach .700 next week when Interest rate statement to be published.

A whole set of high impact American data is coming up on 30, 31 and 1 AUG.
We can see .375 for sure if the data favours USD
  • #21,212
  • Jul 26, 2007 2:08am Jul 26, 2007 2:08am
hehe....that is what people says, fate...
almost get 100 pips.
sell @ 2.0540, GU touch 2.0443
move up again.
but going down 100 pip again today......
hopefully.
  • #21,213
  • Jul 26, 2007 2:24am Jul 26, 2007 2:24am
2.0400, today,tommorow, break of double bottom first....
Biggest joker
  • #21,214
  • Jul 26, 2007 2:31am Jul 26, 2007 2:31am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting baron193
2.0400, today,tommorow, break of double bottom first....

any support for your numbers, or did you sleep so well last night that it came to you in a dream. LOL, if it works us it

rounds number are great but this needs to break support level first. i would be interested in how .04 came about.

kind regards
  • #21,215
  • Jul 26, 2007 2:35am Jul 26, 2007 2:35am
2.0521 might be a good resistance.. and if broken 2.0543...
Still holding my short from 0505.
  • #21,216
  • Edited 2:46am Jul 26, 2007 2:45am | Edited 2:46am
Quoting baron193
2.0400, today,tommorow, break of double bottom first....
Baron i'm with you......but my target is way far though @ 9850 & 9600.....see the UK housing market is starting to show some signs of complications....same as what happend to the US housing market....its going to be the same as what happend to the US...with downgrading some of the companies and the position of the UK sector is not in a clear patth...the shit in pasion funds and the growth of sovereign wealth are further clouding the picture....so look for the pound to depreciate more than 10% to the USD.....

shot eur 3770/3840.........aim @ 3100
short gbp 0326/0507.......aim @ 9850/9600 might even go further o 1900/1890
long chf 2038.................aim @ 2600

Breeze
  • #21,217
  • Jul 26, 2007 2:47am Jul 26, 2007 2:47am
Quoting Breeze
Baron i'm with you......but my target is way far though @ 9850 & 9600.....see the UK housing market is starting to show some signs of complications....same as what happend to the US housing market....its going to be the same as what happend to the US...with downgrading some of the companies and the position of the UK sector is not in a clear patth...the shit in pasion funds and the growth of sovereign wealth are further clouding the picture....so look for the pound to depreciate more than 10% to the USD.....

shot eur 3770/3840.........aim @ 3100
short gbp 0326/0507.......aim @ 9850/9600 might even go further o 1900/1890
long chf 2038.................aim @ 2600

Breeze
interesting, definitely possible but very long term targets... I wonder your stop loss if you aim below 2.000 in cable.
  • #21,218
  • Jul 26, 2007 2:49am Jul 26, 2007 2:49am
don't know if this has been mentioned yet but the floods in the UK are going to put strong pressure on food prices, which are already rising. These are keanly watched by the BOE MPC. I think this is supporting cable somewhat althought the technical short is still very valid.
TRADE FOR SWAP
  • #21,219
  • Jul 26, 2007 2:50am Jul 26, 2007 2:50am
Quoting Breeze
Baron i'm with you......but my target is way far though @ 9850 & 9600.....see the UK housing market is starting to show some signs of complications....same as what happend to the US housing market....its going to be the same as what happend to the US...with downgrading some of the companies and the position of the UK sector is not in a clear patth...the shit in pasion funds and the growth of sovereign wealth are further clouding the picture....so look for the pound to depreciate more than 10% to the USD.....

shot eur 3770/3840.........aim @ 3100
short gbp 0326/0507.......aim @ 9850/9600 might even go further o 1900/1890
long chf 2038.................aim @ 2600

Breeze
That's very far far far away...
A good SELL would be now, then aim for 2.0000, which is achievable.
  • #21,220
  • Jul 26, 2007 2:53am Jul 26, 2007 2:53am
MPP ,how i arrived at 2.400 is my business and it will remain so....you have heard of fibonacci haven't you ?......but how you apply it is a different story...
I said, break of double bottom first,....you said it will need to break support....hmmmm.
Obvious resistance at 2.0540
I've been around long enough to be dreaming of more important things than
forex...LOL
if you are finding yourself, dreaming of forex, then get yourself a girl mate, LOL.
Biggest joker
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