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Cable Update (GBPUSD)

  • #21,501
  • Jul 27, 2007 3:31am Jul 27, 2007 3:31am
Quoting dd33
I thought on EW wave 3 should be the longest.. it seems like wave 5 is longer than wave 3 on this one..
yes dd33 you have right, it should be 3th wave a longest, but after that there was no turning point to finish wave 5 shortly so i put my 5th wave on turning highest point.
we will se if i was wrong i hope i am not!
thanks anyway.
  • #21,502
  • Jul 27, 2007 3:38am Jul 27, 2007 3:38am
I had 2 short trades one @ 2.0490, the other @ 2.0450 both were closed @ 2.0355, I prefered not be be greedy
Yesterday I had 3 short trades @ 2.0536 closed @ 2.0436, I was lucky to close them, since they went up to 2.0561
My hands are dying to open a short trade again but I'm afraid from any unexpected actions, better not to be greedy
  • #21,503
  • Jul 27, 2007 3:45am Jul 27, 2007 3:45am
i see what u mean 366 still holds,...if not broken its bullish-it....
its just money
  • #21,504
  • Jul 27, 2007 3:53am Jul 27, 2007 3:53am
Quoting allserene
Nothing has changed in relative terms...
You mean you still haven't sold that house? lol...


But seriously. USD news @ 1.30pm must be positive for the dollar, if as predicted, given that all the bad news simply seemed to strengthen it.
Gone to a better place
  • #21,505
  • Jul 27, 2007 4:07am Jul 27, 2007 4:07am


0355 is daily S3 and today is Friday :surprised
  • #21,506
  • Jul 27, 2007 4:15am Jul 27, 2007 4:15am
Quoting smikester
You mean you still haven't sold that house? lol...


But seriously. USD news @ 1.30pm must be positive for the dollar, if as predicted, given that all the bad news simply seemed to strengthen it.
Your right I can't sell it ! do you want to buy it ? I own a tiny cardboard box which has a theoretical value double my wife's mansion she just sold in Wisconsin. I can't swing a cat in here and I like swinging cats so I need to move

I haven't a clue whether we will see 2.0200 or 2.0002 - but I am thinking long term - 3 months haha - i dont see why that 2 year slide should stop right now...
Everyone on this thread has an informed opinion about the next week or so and the shorters may well be right for now - but I don't see anything to say the long term trend is now finished - if so, what happened ?

Surely it would have to be a bigger chunk of news than the stuff we have had over the last few days which EVERYONE could have figured out with just 2 minutes browsing realtor sites.
  • #21,507
  • Jul 27, 2007 4:17am Jul 27, 2007 4:17am
Orions Way,

Nice calls on the correction/turnaround, at least in the short term anyway..I would love to read more of your long term analysis..
  • #21,508
  • Jul 27, 2007 4:23am Jul 27, 2007 4:23am
Quoting cesarnc


0355 is daily S3 and today is Friday :surprised
Yeah.. Cable and Euro have move almost 2x their average daily rage. AUD almost 4x.. Camisa surely will love these..

Not sure if cable will crack .350 today.. but on Friday.. everything is possible..

Btw.. where is soros_jr?? He usually stay here during london session also..
  • #21,509
  • Jul 27, 2007 4:25am Jul 27, 2007 4:25am
Soros Jr is on the phone...something about "crystal ball technical support"....
For he that would be deceived, let him.
  • #21,510
  • Jul 27, 2007 4:28am Jul 27, 2007 4:28am
Quoting allserene
Your right I can't sell it ! do you want to buy it ? I own a tiny cardboard box which has a theoretical value double my wife's mansion she just sold in Wisconsin. I can't swing a cat in here and I like swinging cats so I need to move

I haven't a clue whether we will see 2.0200 or 2.0002 - but I am thinking long term - 3 months haha - i dont see why that 2 year slide should stop right now...
Everyone on this thread has an informed opinion about the next week or so and the shorters may well be right for now - but I don't see anything to say the long term trend is now finished - if so, what happened ?

Surely it would have to be a bigger chunk of news than the stuff we have had over the last few days which EVERYONE could have figured out with just 2 minutes browsing realtor sites.
Well.. this is my view for next couple of weeks..
How bout u cesarnc?? Would love to see urs too..
Attached Image (click to enlarge)
Click to Enlarge Name: mychart.jpg Size: 49 KB
  • #21,511
  • Jul 27, 2007 4:28am Jul 27, 2007 4:28am
Hi.....soros-juniorr....is this a trap or were still going down.....I wanna be safe

Added short gbp 0366......aim @ 8900
shot eur 3770/3840.........aim @ 3100
short gbp 0326/0507.......aim @ 9850/9600 might even go further to 19000/18900
long chf 2038.................aim @ 2600

Breeze
  • #21,512
  • Jul 27, 2007 4:33am Jul 27, 2007 4:33am
5:30 cable should TANK again...... anytime.....
For he that would be deceived, let him.
  • #21,513
  • Jul 27, 2007 4:49am Jul 27, 2007 4:49am
Quoting dd33
Well.. this is my view for next couple of weeks..
How bout u cesarnc?? Would love to see urs too..
This is a really nice simple chart and I am finally convinced and going with the short term shorters - at the same time I am positioning GBP in my bank account to buy USD at 2.05 in the next 6 weeks or so...
  • #21,514
  • Jul 27, 2007 4:49am Jul 27, 2007 4:49am
Quoting dd33
Well.. this is my view for next couple of weeks..
How bout u cesarnc?? Would love to see urs too..
Mine is simple:

Fib low 1.9622, high 2.0652, partial TP at 38% then a) reload if goes back to 23% or b) TP the rest at 50% fib.

From 50% fib, start building longs, fundamentals confirm.

If, for some reason, cable breaks 2.0000, I'll have to check on it.
  • #21,515
  • Jul 27, 2007 4:54am Jul 27, 2007 4:54am
YEAHHHHH !!!!!!!!!!!!
For he that would be deceived, let him.
  • #21,516
  • Jul 27, 2007 4:55am Jul 27, 2007 4:55am
S2 under attack
  • #21,517
  • Jul 27, 2007 4:57am Jul 27, 2007 4:57am
Bye bye Cable

Bye bye Soros

300 pips for free444's breakeven, people.... Let's DO IT!!!!
  • #21,518
  • Jul 27, 2007 5:00am Jul 27, 2007 5:00am


yes for our fellow free444

you see free444

we do this just for you, to reduce your losses
  • #21,519
  • Jul 27, 2007 5:02am Jul 27, 2007 5:02am
Quoting allserene
This is a really nice simple chart and I am finally convinced and going with the short term shorters - at the same time I am positioning GBP in my bank account to buy USD at 2.05 in the next 6 weeks or so...
Thanx.. as what people like to say.. simple is the best..

Cesarnc.. thanx for ur view.. its a good one.. so basically we still see that this "bearish" movement still can go down further..
  • #21,520
  • Jul 27, 2007 5:02am Jul 27, 2007 5:02am
Quoting benssol


yes for our fellow free444

you see free444

we do this just for you, to reduce your losses
Yeah. We gotta rescue him. We don't leave a fellow behind

http://www.spokesmanreview.com/iraq/...04_marines.jpg
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