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Cable Update (GBPUSD)

  • #23,401
  • Aug 9, 2007 2:22pm Aug 9, 2007 2:22pm
i hope it breaks it, more potential pips on the downside i think
"Millionaires don't use astrology, billionaires do"
  • #23,402
  • Aug 9, 2007 2:22pm Aug 9, 2007 2:22pm
Cable was closed @ 2.0227 which can give me a sign for further down moves, that MIGHT reach my TP @ 2.0145 and can even break it, cable I'm still fighting to kill you, but will watch it's action for the coming hours to check if the above mentioned can happen or not
  • #23,403
  • Aug 9, 2007 2:39pm Aug 9, 2007 2:39pm
On Cable, it's going to Asia close to the daily lows, that matches with the 250EMA in the 4hr, who has earned my deepest respect - as well as the descending trendline (see chart). Both of them are squeezing cable inside of a triangle. $5 on the CPI next week to provide the breakout.

Usually I would bet on a pullback (0250/0280) then down tomorrow to print new week's low. But I have no calls for tomorrow as a Friday and a Friday of a week like this.
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  • #23,404
  • Aug 9, 2007 2:42pm Aug 9, 2007 2:42pm
Quoting OrionsWay
i hope it breaks it, more potential pips on the downside i think

we just may break it cause we are on wave 3on the monthly and the high made in july just happend to be the fibo projection 61.8 of wave one and two, which means we are in a wave 4 correction, on the monthly which is huge. wave two was almost 2000 pips. Once it breaks that trend line it will drop like a rock, or it will hit it and bouce up and make new highs, or it will just sit there like an ass and go sidways. Thats my analysis.
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Just Trade It
  • #23,405
  • Aug 9, 2007 2:44pm Aug 9, 2007 2:44pm
On UJ, long holds best risk reward. To note the unwinding happened today before NYC session. With the -300s in Dow Jones, UJ shorts failed to follow through showing exhaustion.

I would bet on further UJ shorts only on a massive monstrous fall in the stock market tomorrow . It's not ruled out, but NYSE has shown that -2/-3% session is usually followed by a strong session. I start worring from -5% below.

If I could be wrong? You damn well bet I could.
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  • #23,406
  • Aug 9, 2007 2:55pm Aug 9, 2007 2:55pm
good night every body I have to go and tuck the wife in bed. As for tomorow. DOWN CABLE DOWN,
Just Trade It
  • #23,407
  • Aug 9, 2007 3:15pm Aug 9, 2007 3:15pm
Took euppy long as well 61.70

will be adding every 25 pips on both gep and eup if they start running
gotta press the free ones until she bucks yea LOL
"Millionaires don't use astrology, billionaires do"
  • #23,408
  • Aug 9, 2007 3:21pm Aug 9, 2007 3:21pm
Quoting Big Wave Rider
we just may break it cause we are on wave 3on the monthly and the high made in july just happend to be the fibo projection 61.8 of wave one and two, which means we are in a wave 4 correction, on the monthly which is huge. wave two was almost 2000 pips. Once it breaks that trend line it will drop like a rock, or it will hit it and bouce up and make new highs, or it will just sit there like an ass and go sidways. Thats my analysis.
Big Wave Rider, that's a very short w3!! you sure you have the right count?

I also noticed that projection around 2.0620 ...
  • #23,409
  • Edited 4:31pm Aug 9, 2007 4:11pm | Edited 4:31pm
Long UJ Long http://forum.gtarena.net/images/smilies/smiley_rock.gif

Pull Cable Back! http://forum.gtarena.net/images/smilies/smiley_rock.gif

BTW, Bloomberg gives Nikkei futures +120 and Hang Seng -168. Anybody with more reliable information or bloomberg is as reliable as it gets?
  • #23,410
  • Aug 9, 2007 5:01pm Aug 9, 2007 5:01pm
Quoting karmostaji
you laugh because you live in Dubai don't you? nice place, booming and perfect time zone!


Quoting Plutonite
I'm in EST too, it's actually not as bad as you think, if you sleep at 12:00am and put in 6 hours of snooze you can still catch the interesting parts of london session.

And why did you sleep on the desk you clown? Your faithfulness is disregarded by the market, it's uncaring eyes pass over you in disdain, scorning your weakness and rewarding you with insouciance!
I didn't wanted to sleep, i passed out, couldn't keep awake. and damn, i thought i went back to HS and was reading Shakespeare's book. where you at in EST? Im in DC metro area.

As per cable, short cable short! : We headed to 8th low 155 or be lower. if not, we head higher! LOL. Im gonna sleep, so i can wake up for london! hehe...thats my strategy now!
  • #23,411
  • Aug 9, 2007 5:07pm Aug 9, 2007 5:07pm
Nikkei 225 futures -2.7%
Nikkey 225 Index -2.3%

15 minutes after opening lool
  • #23,412
  • Aug 9, 2007 5:21pm Aug 9, 2007 5:21pm
Quoting Warper
Nikkei 225 futures -2.7%
Nikkey 225 Index -2.3%

15 minutes after opening lool
heheh japanese housewives turned into desperate housewives...
  • #23,413
  • Aug 9, 2007 5:24pm Aug 9, 2007 5:24pm
I want to short but i guess its too late and i can control myself . I might wait for a little retraction like i did today with Dow, but i have to go to sleep... i can't be around all the sessions.
  • #23,414
  • Aug 9, 2007 5:27pm Aug 9, 2007 5:27pm
Quoting Warper
I want to short but i guess its too late, and i can control myself . I might wait for a little retraction like i did today with Dow, but i have to go to sleep... i can't be around all the sessions.
Me neither. But I'm gonna stay on Hong Kong open. Seen days of panic in NYC and China didnt give a damn. Yen carries soared in response

  • #23,415
  • Aug 9, 2007 5:35pm Aug 9, 2007 5:35pm
21:30 EST right?

I'm on holidays, i can wake up on whatever hours i want. I will wait one more hour then.

But...

I've been watching sometimes the shaghai open and usd/jpy dont seem to move anymore with that index. A few days ago opened -1% and not a single pip down. Then recovered, and nothing...
  • #23,416
  • Aug 9, 2007 5:36pm Aug 9, 2007 5:36pm
Dow futures currently -87 or down 0.65%
  • #23,417
  • Aug 9, 2007 6:31pm Aug 9, 2007 6:31pm
EURO is sneaking in towards the fibbo that stopped the plunge this morning. I guess we are on the verge of a spike...

Up or down is the question !!!!!

Any thoughts ????

Sorry guys edited because of confusion over EUR and cable....they seem so alike !!!!!
For he that would be deceived, let him.
  • #23,418
  • Aug 9, 2007 6:32pm Aug 9, 2007 6:32pm
Ding ding ding....

http://news.bbc.co.uk/olmedia/173000...etrader300.jpg
  • #23,419
  • Aug 9, 2007 6:38pm Aug 9, 2007 6:38pm
Quoting cesarnc
Ding ding ding....
China opens down, recoverying. 10 bucks how shenzhen closes positive today. Gotta love China...

Everything points to a clear "not the end of the world as we know it today"

Cya tomora.
  • #23,420
  • Aug 9, 2007 7:04pm Aug 9, 2007 7:04pm
Here's my daily chart...
Maybe we can see 2.0137 or 2.0071 and hopefully 2.0015 next week....

SHORT CABLE SHORT!!!
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