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Cable Update (GBPUSD)

  • #22,401
  • Aug 3, 2007 9:57am Aug 3, 2007 9:57am
Quoting karmostaji
My targets
Your short target for next week????
New Forex Trader
  • #22,402
  • Aug 3, 2007 10:01am Aug 3, 2007 10:01am
Quoting teekee
Your short target for next week????
Maybe today, maybe next week
Trade what you see, not what you think.
  • #22,403
  • Aug 3, 2007 11:11am Aug 3, 2007 11:11am
Long cable TP 0471
Trade what you see, not what you think.
  • #22,404
  • Aug 3, 2007 11:23am Aug 3, 2007 11:23am
Quoting karmostaji
Long cable TP 0471
that is my guess too, 2.0472 61.8 fibo, but do we know that it has overcome the resistance at 2.0408 - 2.04016 where we have 3 fibo levels?
  • #22,405
  • Aug 3, 2007 11:25am Aug 3, 2007 11:25am
Quoting ovidiu
that is my guess too, 2.0472 61.8 fibo, but do we know that it has overcome the resistance at 2.0408 - 2.04016 where we have 3 fibo levels?
my 4h candle closed above those fibs, it will retrace to 5SMA first
Trade what you see, not what you think.
  • #22,406
  • Aug 3, 2007 11:28am Aug 3, 2007 11:28am
Quoting karmostaji
my 4h candle closed above those fibs, it will retrace to 5SMA first
5SMA H4, or H1, you think?
  • #22,407
  • Aug 3, 2007 11:29am Aug 3, 2007 11:29am
Quoting ovidiu
5SMA H4, or H1, you think?
I don't know, it depends.. you have to keep an eye on which one holds
Trade what you see, not what you think.
  • #22,408
  • Aug 3, 2007 11:35am Aug 3, 2007 11:35am
Quoting karmostaji
I don't know, it depends.. you have to keep an eye on which one holds
again to early, damm it...
I'll try to exit with a smaller loss as possible and renter at which one holds
  • #22,409
  • Aug 3, 2007 11:36am Aug 3, 2007 11:36am
Doesn't look good for the bears huh guys ?????

But as Cesar pointed out before, cable is still under correction and it should do the yo-yo thing for the next few weeks.

Heard something really interesting on a forex podcast...maybe it will help somebody here...

According to the analyst the dollar is at the end of its BEAR cycle. The FACT that the FED will cut interest to bust the economy will be received by the stock market as e sign of sell,get out of risk,cash in your profits. This could bring panic to the Dow, the carry trade unwinding could go down by 15%. At this point people would start to see the dollar as a safe haven again, and the paradox of a rate cut being bullish for the greenback would be confirmed

Any thoughts??
For he that would be deceived, let him.
  • #22,410
  • Aug 3, 2007 11:39am Aug 3, 2007 11:39am
exactly
"Millionaires don't use astrology, billionaires do"
  • #22,411
  • Aug 3, 2007 11:50am Aug 3, 2007 11:50am
High rates, and high inflation is very bad for business, for companies who invest on the country, because when they want to repatriate funds, they have no profit, but loss. Only a strong currency based on economy and not on speculation can offer safety to invest on the country. Look that one or two days, or some days before Central Banks meeting, there are alawys big movemments on markets. Many Money beeing safe.
  • #22,412
  • Aug 3, 2007 12:08pm Aug 3, 2007 12:08pm
Quoting karmostaji
I don't know, it depends.. you have to keep an eye on which one holds
it seems that 30 min 5SMA holds..., but this time I'll have pacience
  • #22,413
  • Aug 3, 2007 12:52pm Aug 3, 2007 12:52pm
Did anybody mention a "pub" here?
  • #22,414
  • Aug 3, 2007 12:58pm Aug 3, 2007 12:58pm
long Eur 3651.............limit.........active
long Cbl 0244.............limit.........active
long Chf 2038.............limit.........active
short Cad 0680...........limit.........active

Pending orders
long Eur 3680............limit..........active
long Cbl 0340............limit..........active
short Cad 0550.........limit...........active

Breeze
  • #22,415
  • Aug 3, 2007 1:49pm Aug 3, 2007 1:49pm
wow I bet everyone thought man i have a great short on. What a crock of crap this move is
"Millionaires don't use astrology, billionaires do"
  • #22,416
  • Aug 3, 2007 2:07pm Aug 3, 2007 2:07pm
Quoting pinchapip
Man...cable is BEGGING to go down....but I guess the FED and the NEWS-MAKERS don't want it to happen. !!!!


HAVE LOOK AT THIS

http://www.forexfactory.com/showthre...06#post1519606


YOU WERE ANGRE OF ME , BUT I WAS RIGHT MAN
  • #22,417
  • Aug 3, 2007 2:34pm Aug 3, 2007 2:34pm
PUB?...cesar i just watch a decomentar movie about a gang lifestyle in Rio de janero,...i wouldnt visit those pubs MAN,...couldnt believ the thing i saw today, its worse in Sao paolo, then in Iraq....guns,machine guns, shooting 15 year old killing in police fire, police killing the arested boys, jails of 130 ppl (intendend for 15), police had guns restored in a way books are resorted in libraries...so each day i see ur post ill know u are alive, cesar the man,...o jesus....got dam i dont wona go there any more, im soory the deal is off.
Just smile each time u wake up...if i were u....:surprised
its just money
  • #22,418
  • Aug 3, 2007 2:44pm Aug 3, 2007 2:44pm
Hi cesar

I couldn't see any good signal in my charts for going short or long. why do you think in will go down ?
  • #22,419
  • Aug 3, 2007 2:56pm Aug 3, 2007 2:56pm
Quoting m_j_1984
Hi cesar

I couldn't see any good signal in my charts for going short or long. why do you think in will go down ?

It's going down probably becasue traders are closing out their positions before the weekend.
  • #22,420
  • Aug 3, 2007 2:56pm Aug 3, 2007 2:56pm
Quoting m_j_1984
Hi cesar

I couldn't see any good signal in my charts for going short or long. why do you think in will go down ?
Correction period. Gotta put new lows next week, though.

Shorted 0400 and 0450 today. And now that dow jones put -200 the carry unwinding got started. Thought cable would end the day at 0450...
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