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Cable Update (GBPUSD)

  • #21,601
  • Jul 27, 2007 7:43am Jul 27, 2007 7:43am
Quoting pinchapip
Because you shorted...
  • #21,602
  • Jul 27, 2007 7:43am Jul 27, 2007 7:43am
Quoting dd33
Forex God Bravado like to say...

Cha-Ching...
you are correct.

$cha$-ching!$
c$ha-$ching!$!
cha$-ch$ing!!!
BAM BAM BOOM! -bravado
  • #21,603
  • Jul 27, 2007 7:44am Jul 27, 2007 7:44am
Quoting gmohata
read my last post - and i will pray for all who short here. Think like the banks do before you take a trade.
i hope that the almighty God will answer your prayer
  • #21,604
  • Jul 27, 2007 7:45am Jul 27, 2007 7:45am
Quoting Plutonite
You're too generous - "dummys" made easy money last 2 months on the one way action in cable and Euro, but I doubt any "dummy" lasted the whole year making money.
you dirty rat.

bah. just felt like saying that.
BAM BAM BOOM! -bravado
  • #21,605
  • Jul 27, 2007 7:46am Jul 27, 2007 7:46am
Quoting soros_junior
i hope that the almighty God will answer your prayer
who beckons me.
BAM BAM BOOM! -bravado
  • #21,606
  • Jul 27, 2007 7:46am Jul 27, 2007 7:46am
S2 i.e. 2.0354 has become a strong resistance... cable should bounce there
  • #21,607
  • Jul 27, 2007 7:46am Jul 27, 2007 7:46am
Quoting soros_junior
nope... i will short until cable reaches 1.9750 which i believe is going to happen sooner or later
like the avatar soros jnr - at least something is going up in britain right now...
  • #21,608
  • Jul 27, 2007 7:48am Jul 27, 2007 7:48am
Quoting soros_junior
i'm confused... why is it going up? USD news better than expected!
look at rsi, same pattern as yesterday, already down 200+pips, will retrace some before going down again
Trade the reaction, not the news!
  • #21,609
  • Jul 27, 2007 7:48am Jul 27, 2007 7:48am
Quoting gmohata
USD news cannot be good - these numbers make no sense and the bigger players know that which is why they are not buying - the only reason for good GDP is because the low USD got a whole heap of people buying from USA. Their local consumption is negative, household spending is negative, house sales are negative - and now they claim imflation is tamed as well (with months of rising crude prices - what a joke).

i believe the markets should move sideways for the next 3-4 days with a tight range and then get back to USD shorts.

Happy Pipping
we'll see next week... for the time being i'll be scalping
  • #21,610
  • Jul 27, 2007 7:50am Jul 27, 2007 7:50am
Quoting twofeet
look at rsi, same pattern as yesterday, already down 200+pips, will retrace some before going down again
yes... totally agree with u! next week definately is a bear week
  • #21,611
  • Jul 27, 2007 7:51am Jul 27, 2007 7:51am
Glad i straddled the last 12hrs of trade see where this ends up with locked profits and possible great add ons.

Guppy trade coming along nicely, maybe they pile into the now depressed 10 cent carry

chunnel giving up some ground but MT LT think it a winner
"Millionaires don't use astrology, billionaires do"
  • #21,612
  • Jul 27, 2007 7:53am Jul 27, 2007 7:53am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
I see a bounce to .0410 before continuing down, just my thoughts
  • #21,613
  • Jul 27, 2007 7:53am Jul 27, 2007 7:53am
Pocketed my 200pips.....

Off early to party

Going to HK next week for a week's holiday.

See you guys.

Bye.
  • #21,614
  • Jul 27, 2007 7:56am Jul 27, 2007 7:56am
OOOPs I did it again...shorted in the deepest hole........
For he that would be deceived, let him.
  • #21,615
  • Jul 27, 2007 8:04am Jul 27, 2007 8:04am
a pro.

pips after pips. profits after profits.

i am.
unstoppable.
BAM BAM BOOM! -bravado
  • #21,616
  • Jul 27, 2007 8:05am Jul 27, 2007 8:05am
Quoting MPP
I see a bounce to .0410 before continuing down, just my thoughts
looks like already bounced at lower price... the journey south shall continue....
  • #21,617
  • Jul 27, 2007 8:13am Jul 27, 2007 8:13am
Calling it a week
  • #21,618
  • Jul 27, 2007 8:19am Jul 27, 2007 8:19am
Quoting cesarnc
Calling it a week
you are serioulsy joking right.

THIS has been the BESTEST week for traders. and there are still more pips to be made.

quit any other friday but today?
BAM BAM BOOM! -bravado
  • #21,619
  • Jul 27, 2007 8:19am Jul 27, 2007 8:19am
Quoting soros_junior
looks like already bounced at lower price... the journey south shall continue....
Cable has its laws and 2 of then are:
- 90% of the time price rebounds at 261.8 fibonacci levels (channel).
_ 90% of the time price rebounds at 2 st. deviations

And price reach this 2 levels plus 279 support so to go beyond consumer sentiment should be unusual strong. But if this the case I think all is price in already.
Johann Channels and cycles are everything
  • #21,620
  • Jul 27, 2007 8:23am Jul 27, 2007 8:23am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Tragapips
Cable has its laws and 2 of then are:
- 90% of the time price rebounds at 261.8 fibonacci levels (channel).
_ 90% of the time price rebounds at 2 st. deviations

And price reach this 2 levels plus 279 support so to go beyond consumer sentiment should be unusual strong. But if this the case I think all is price in already.
Lost me, i got 261.8fib at 1.7960 and what dose 2 st mean, would appreciate the class.
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