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Cable Update (GBPUSD)

  • #741
  • Dec 5, 2006 2:41am Dec 5, 2006 2:41am
I triggered my short at 1.9740 TP: 1.9600



Quoting ronhickey
you mean for a second time? if it breaks 9745? its currently at 9754
Yacob I dive the market without Fear.
  • #742
  • Dec 5, 2006 2:42am Dec 5, 2006 2:42am
may i ask how you get 9600? maybe im not seeing something
  • #743
  • Dec 5, 2006 2:55am Dec 5, 2006 2:55am
For swing traders who like to buy at the bottom and sell at the top, cable is setting up nicely for a short. Either sell at resistance or sell a break.
  • #744
  • Dec 5, 2006 2:56am Dec 5, 2006 2:56am
Quoting notouch
For swing traders who like to buy at the bottom and sell at the top, cable is setting up nicely for a short. Either sell at resistance or sell a break.
what's the resistance?
  • #745
  • Dec 5, 2006 3:09am Dec 5, 2006 3:09am
You have several resistance levels at this point. 1st is the MM LINES @ 775, which has just been broken. 2nd is the Daily Pivot at 791. The 3rd is the upper channel line which is at about 805. The major investors and banks will try and drive this to the 805 before the news. If the news for the GBP is negative then a retracement to the 23.6 Fib re tracement is in order. Before the up more to the expected 2.000.
  • #746
  • Dec 5, 2006 3:25am Dec 5, 2006 3:25am
now i think cable will make retracement.. maybe huh.. support at daily already break and comming news will push cable down.. hopefully..
Yacob I dive the market without Fear.
  • #747
  • Dec 5, 2006 3:31am Dec 5, 2006 3:31am
amazing how the news was posted 57somthing before the time of the anouncement (about 2minutes prior) then at the second of the anouncement we see it shoot up 30pips... i hope not onlyi capitalized on the easy money
  • #748
  • Dec 5, 2006 3:33am Dec 5, 2006 3:33am
News is positive for cable but will wait for the ISM later at 10:00 EST for the GU to make a big move. As of now I think we'll some ups and down momentarilty.
  • #749
  • Dec 5, 2006 3:33am Dec 5, 2006 3:33am
Sat out all the action. But I'm going to go ahead and say, if I had to fix a gender to this pair...it would definitely be a woman.
  • #750
  • Dec 5, 2006 3:35am Dec 5, 2006 3:35am
Quoting ronhickey
amazing how the news was posted 57somthing before the time of the anouncement (about 2minutes prior) then at the second of the anouncement we see it shoot up 30pips... i hope not onlyi capitalized on the easy money
can you please let us know where you get your news from because FF is still not showing the results, tx
  • #751
  • Dec 5, 2006 3:40am Dec 5, 2006 3:40am
You can watch Bloomberg here http://www.bloomberg.com/tvradio/tv/
  • #752
  • Dec 5, 2006 3:41am Dec 5, 2006 3:41am
i watched euro news, gbp isnt out your right, but gbd/eur USUALLY react to eachother news

the numbers still came out 2minutes before the anouncement and you could have always traded eur/usd because it was euro news and scalped 8pips
  • #753
  • Dec 5, 2006 3:45am Dec 5, 2006 3:45am
59.8, from 59.3, expected 58.
  • #754
  • Dec 5, 2006 3:50am Dec 5, 2006 3:50am
Hi,
Ive been following forums for quite sometime now. Everyone with thier own opinions through thier own analysis and persumption. But at the end of the day its either a pair will go Long or go Short. end of story.
If i create a polling page on currency pair either going Long or Short basing on specific time frames where anyone can vote regardless of how they derived their answer.. do you think it will receive response and feedback from internet 4x traders ?
The winning answer is what the majority says which may or may not be the right answer.
Even this itself is voting of some sort.
Let me hear your views, friends.
When the wave comes - jump !!
  • #755
  • Dec 5, 2006 3:51am Dec 5, 2006 3:51am
...thanks, that explains alot...







Quoting ikholod
A currency by itself does not move, what moves is the rate on two currency cross. Therefore, when you say that you noticed that EUR and GBP move in tandem, I'm sure you are refering to EURUSD and GBPUSD. Now, that I've added the other side to the equation, it's easy to see why they would move in tandem. They are both effected by the USD news and events. However, don't forget that even though they almost always move in tandem they sometimes don't (i.e. when the news only effects the pound and not euro).

To make a long story short, it's not that one currency initiates the move and the other one follows, it's rather some events occur (like US unemployment data is released) that effect both crosses.
  • #756
  • Dec 5, 2006 3:52am Dec 5, 2006 3:52am
Eventhough the news for Euro and Pound is positive, we can see some selling right now preparing for the ISM tonight (11:00PM Manila time)
  • #757
  • Dec 5, 2006 3:56am Dec 5, 2006 3:56am
I like your idea.



Quoting 4xmyworld
Hi,
Ive been following forums for quite sometime now. Everyone with thier own opinions through thier own analysis and persumption. But at the end of the day its either a pair will go Long or go Short. end of story.
If i create a polling page on currency pair either going Long or Short basing on specific time frames where anyone can vote regardless of how they derived their answer.. do you think it will receive response and feedback from internet 4x traders ?
The winning answer is what the majority says which may or may not be the right answer.
Even this itself is voting of some sort.
Let me hear your views, friends.
"Invest With The Insiders, Not The Masses" George Muzea
  • #758
  • Dec 5, 2006 4:08am Dec 5, 2006 4:08am
The 3rd bottom is made on 1 hour chart. Let see how it goes..
  • #759
  • Dec 5, 2006 4:16am Dec 5, 2006 4:16am
Quoting 4xmyworld
Hi,
Ive been following forums for quite sometime now. Everyone with thier own opinions through thier own analysis and persumption. But at the end of the day its either a pair will go Long or go Short. end of story.
If i create a polling page on currency pair either going Long or Short basing on specific time frames where anyone can vote regardless of how they derived their answer.. do you think it will receive response and feedback from internet 4x traders ?
The winning answer is what the majority says which may or may not be the right answer.
Even this itself is voting of some sort.
Let me hear your views, friends.
Good one dude
  • #760
  • Dec 5, 2006 5:53am Dec 5, 2006 5:53am
Any idea what will happen for this comming news? Accourding to the forcast USD will bearish mean cable will go up??
Yacob I dive the market without Fear.
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