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Cable Update (GBPUSD)

  • #801
  • Dec 5, 2006 9:15am Dec 5, 2006 9:15am
Quoting Yacob
Hi Shah,

Akum, do you mean price will reverse when hit 9685 and will continue uptrend?

W'salam..Im not predictor,just assume based on short term demand is higher around that..
  • #802
  • Dec 5, 2006 9:17am Dec 5, 2006 9:17am
yes u're correct... absolutely this week will be bearish week for the pound.
Yacob I dive the market without Fear.
  • #803
  • Dec 5, 2006 9:20am Dec 5, 2006 9:20am
no the cable never stops mid day in a trend look for the rest of the day to go down before bounce up we may get a bounce need to watch price action and fibs.



Quoting shahfx
what i mean is just for tdy low is 9685-of cos for this week is still going down cos differ from open on monday(this week) more than 100 pips already..
  • #804
  • Dec 5, 2006 9:21am Dec 5, 2006 9:21am
Dnt forget the Pattern..the open price of tdy is within 6 pips of high tdy..(Bear) pattenr try to borrow the trend for a while..look for cnfirmation tommorow..
  • #805
  • Dec 5, 2006 9:23am Dec 5, 2006 9:23am
Hey Ken this is not a " I told you so" type of thing I have my own thread but have been chilling out from it. Because of ppl getting the call wrong and I was getting it right it began to take on a life of its own. Shoot me a PM with your email I do Webinar free every sunday on EW theory.



Quoting kenmania
I commend you on your short. If my stops are taken out (they're at 1.9650) then I can consider myself "schooled".
  • #806
  • Dec 5, 2006 9:36am Dec 5, 2006 9:36am
Anybody still think cable will hit 2.000 by this Friday?
  • #807
  • Dec 5, 2006 9:36am Dec 5, 2006 9:36am
Newbie traders are always trying to fight yesterday's war, looking for any little pullback to "get in on the trend". The massive up move is over (for the time being) so if you were weren't in on the way up, get in on the way down. Sell at the top, buy at the bottom.
  • #808
  • Dec 5, 2006 9:36am Dec 5, 2006 9:36am
nope



Quoting MoneyMa$ter
Anybody still think cable will hit 2.000 by this Friday?
  • #809
  • Dec 5, 2006 9:38am Dec 5, 2006 9:38am
I understand better now why Unit Labor Cost and Non Farm Productivity number wasn't follow by the market...

Nice training Mr Felix ...Thanks.
  • #810
  • Dec 5, 2006 9:39am Dec 5, 2006 9:39am
Cable looks like the correction has begun. Good news for a stronger USD has finally come in.
  • #811
  • Dec 5, 2006 9:42am Dec 5, 2006 9:42am
Randy McKay and my late grand dad have sumthing in common..the easiest part/good always in the middle..LOL
  • #812
  • Dec 5, 2006 9:51am Dec 5, 2006 9:51am
Quoting fixme1too
nope
But I think if today's close is above 1.9750, it will still on the way up to 1.2000. Am I wrong?
  • #813
  • Dec 5, 2006 9:54am Dec 5, 2006 9:54am
[quote=c1ro]...if today's close is above 1.9750, it will still on the way up to 1.2000....QUOTE]

I agree.
  • #814
  • Dec 5, 2006 9:56am Dec 5, 2006 9:56am
yes i agree. But if the price already break the support, price will not go up again.. i agree with fixme1too cable need short break before hit 2.0 level

Good luck.
"Invest With The Insiders, Not The Masses" George Muzea
  • #815
  • Dec 5, 2006 9:57am Dec 5, 2006 9:57am
hey ken i dont know where you got in at but 9775 area looking like its coming back before going down to the mid 9600's



Quoting kenmania
I commend you on your short. If my stops are taken out (they're at 1.9650) then I can consider myself "schooled".
  • #816
  • Dec 5, 2006 9:58am Dec 5, 2006 9:58am
Quoting fixme1too
Hey Ken this is not a " I told you so" type of thing I have my own thread but have been chilling out from it. Because of ppl getting the call wrong and I was getting it right it began to take on a life of its own. Shoot me a PM with your email I do Webinar free every sunday on EW theory.
I completely understand...as far as experience in trading I'll still say that I'm sure that I'm inferior to you. (I've never been able to grasp elliott waves). I have the utmost respect for people who know how to make money consitently from technicals.

My opinion on why I believe cable will stay long has to do with my feeling (there's that word again) that an agenda is afoot- by some very big guns. Which isn't fair to a free market but I think it's happening anyway.


Yep, pretty nutball to trade money on such beliefs...but I'm still polishing up my market analyzing skills (see my sig).

So I'm hoping to make a buck or two off of it. :

-Conspiracy Theorist Ken
Is your SL my TP?
  • #817
  • Dec 5, 2006 9:59am Dec 5, 2006 9:59am
Quoting c1ro
But I think if today's close is above 1.9750, it will still on the way up to 1.2000. Am I wrong?

U not wrong neither rite..we never know..Just follow ur system with intellegently
  • #818
  • Dec 5, 2006 10:01am Dec 5, 2006 10:01am
Quoting Qu|cksilver
yes i agree. But if the price already break the support, price will not go up again.. i agree with fixme1too cable need short break before hit 2.0 level

Good luck.
So, u think tomorrow there will be no 1.9700ish?
  • #819
  • Dec 5, 2006 10:03am Dec 5, 2006 10:03am
1.9600ish..



Quoting c1ro
So, u think tomorrow there will be no 1.9700ish?
"Invest With The Insiders, Not The Masses" George Muzea
  • #820
  • Dec 5, 2006 10:04am Dec 5, 2006 10:04am
Quoting shahfx
How Abt 9685 as Minor reversal Pts for tdy and Long term arnd 2.099
Hi Shah

Akum, you have predicted very well today's action. Exactly it reversed from 9685 and started to go up. I was short and took my profit at 9685. Very nice

Please show up here at volatile time.

Thanks for your contribution here.
These too shall pass away.
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