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Cable Update (GBPUSD)

  • #23,701
  • Aug 11, 2007 4:44am Aug 11, 2007 4:44am
Quoting Pokka
Hi, this is my first post... just like to say i like this thread.. 1 million views?? i like alot this thread because people helping each other and posting thier opinion, view, suggestion on gbp/usd.

nice... keep it up.. and one more thing.. you all are very friendly..

Congrats to Quicksilver the thread starter.. "THUMB UP"
Welcome aboard
  • #23,702
  • Aug 11, 2007 8:05am Aug 11, 2007 8:05am
Sometimes next few days maybe neutral trend still continue thats what i see
  • #23,703
  • Aug 11, 2007 9:07am Aug 11, 2007 9:07am
Quoting arthuro
Sometimes next few days maybe neutral trend still continue thats what i see
You from Switzerland?

Welcome.
  • #23,704
  • Aug 11, 2007 9:27am Aug 11, 2007 9:27am
From my point of view, looking at daily chart, next week pound will continue boost the trend going up all night long...

maybe...

anyone think what i think?

Quoting arthuro
Sometimes next few days maybe neutral trend still continue thats what i see
  • #23,705
  • Aug 11, 2007 9:35am Aug 11, 2007 9:35am
When I'm not placing trades I'm placing thoughts on trades. Just can't help it.

There's a bug behind my ears, wanna know what you guys think of it:

Cable traded its 50% fibo (9622 / 0652) already and euro hasn't traded its correspondent 50% (it would be 3550).

I'm to make a decision on whether stick with my 100% sell cable on rallies strategy (which is against a prevailing trend, thus carries the risk of becoming the next free444) or to start building long positions even with the risk of cable going down, say, to its 61% fibo at mid 2.00s.

Plan would be buying cable @ market, add at 0152 and 00XX and go to the next BMW store to pick the model, close the deal at 2.1

The poll:

a)- We've seen the bottom at 0152 and cable's gonna soar another 1000 pips

b)- We haven't seen the bottom yet

c)- "Target 9730"

d)- "2.1000 on Monday!!! yyyeeeehahaaaa"

Please: Quick answers.
  • #23,706
  • Aug 11, 2007 9:47am Aug 11, 2007 9:47am
I think GU will be heading to the top of the channel I posted yesterday, around 0330
Trade what you see, not what you think.
  • #23,707
  • Edited 10:15am Aug 11, 2007 10:02am | Edited 10:15am
In my view for the short term trade i see gbp/usd heading to 2.0138/2.0020 fibonacci support levels of 50% and 61.8% before a move up to 2.0770 to complete a 5 wave impulse sequence..meanwhile it is in a descending triangle sequence with 2.0180 as the support break of this level will mean a move down to 2.0138 and from my analysis gbp/usd alwaysretraces 50% of major up moves to form wave 4 so i will be looking at 2.0138 closely!!
happy pipping
  • #23,708
  • Edited 10:26am Aug 11, 2007 10:13am | Edited 10:26am
Quoting cesarnc
The poll:

a)- We've seen the bottom at 0152 and cable's gonna soar another 1000 pips

b)- We haven't seen the bottom yet

c)- "Target 9730"

d)- "2.1000 on Monday!!! yyyeeeehahaaaa"

Please: Quick answers.
ill go for a...euro is gonna be rocked, i think gold is going to TRY to take 700...the euro is gona try to take 1.40 and so i vote cable a.)
its just money
  • #23,709
  • Aug 11, 2007 11:17am Aug 11, 2007 11:17am
i choose "A"
  • #23,710
  • Aug 11, 2007 11:20am Aug 11, 2007 11:20am
I am Long Cable Long
  • #23,711
  • Aug 11, 2007 11:34am Aug 11, 2007 11:34am
I'm long cable. 2.12 is inevitable...
  • #23,712
  • Aug 11, 2007 11:41am Aug 11, 2007 11:41am
I am having 2 long positions
{Promotion Removed}
  • #23,713
  • Aug 11, 2007 11:54am Aug 11, 2007 11:54am
Quoting danegg7
I'm long cable. 2.12 is inevitable...
you have the potential to be in the 'hall of fame'

what do you think cesarnc? LOL
Trade what you see, not what you think.
  • #23,714
  • Aug 11, 2007 12:07pm Aug 11, 2007 12:07pm
Quoting chimex
In my view for the short term trade i see gbp/usd heading to 2.0138/2.0020 fibonacci support levels of 50% and 61.8% before a move up to 2.0770 to complete a 5 wave impulse sequence..meanwhile it is in a descending triangle sequence with 2.0180 as the support break of this level will mean a move down to 2.0138 and from my analysis gbp/usd alwaysretraces 50% of major up moves to form wave 4 so i will be looking at 2.0138 closely!!
happy pipping
Very good for a first post. Welcome to another new one today.

+ + +

And I believe as well b) haven't seen a bottom yet. Looking at the 2.0000 level for a swing point sometime end of next week. Keep in mind story on Reuters on friday that it is not out of the question for ECB / BOE to cut rates as well as Fed. Money crunch is being felt on continent too.

Its all Soros's Jr fault. Where is he?
  • #23,715
  • Aug 11, 2007 12:22pm Aug 11, 2007 12:22pm
Couple of interesting posts in regards to your thoughts on the 2.000 level. Posts 12 and 14

http://www.forexfactory.com/showthre...31#post1533731
  • #23,716
  • Aug 11, 2007 1:41pm Aug 11, 2007 1:41pm
Quoting karmostaji
you have the potential to be in the 'hall of fame'

what do you think cesarnc? LOL


I tell you what. If GBP/USD doesn't kiss the 2.12 mark within 3 months, you can put me on that lame hall of fame and I won't post anymore.
  • #23,717
  • Aug 11, 2007 2:06pm Aug 11, 2007 2:06pm
Quoting cesarnc
Plan would be buying cable @ market, add at 0152 and 00XX and go to the next BMW store to pick the model, close the deal at 2.1

The poll:

a)- We've seen the bottom at 0152 and cable's gonna soar another 1000 pips

b)- We haven't seen the bottom yet

c)- "Target 9730"

d)- "2.1000 on Monday!!! yyyeeeehahaaaa"

Please: Quick answers.

The key is 2.0400 if broken cable won't go down this week
  • #23,718
  • Edited 2:43pm Aug 11, 2007 2:20pm | Edited 2:43pm
You HAVE NO IDEA HOW IT IS OUT THERE. YOU HAVE NO IDEA. YOU'RE NUTS! NUTS!!! YOU'RE ASLEEP! YOU HAVE NO IDEA HOW IT IS OUT THERE!!!

The above statement was a post by cesarnc here on this thread, from my point of view it was the best post he ever made, whenever I read it I can't stop laughing, I tried to bring it up again, I vote for this post to be the number 1 here on this thread, I keep on imagining the way he is saying these words
  • #23,719
  • Aug 11, 2007 3:20pm Aug 11, 2007 3:20pm
Quoting pino2
I keep on imagining the way he is saying these words
You don't have to imagine when you can see it...

www.youtube.com/watch?v=SWksEJQEYVU

Enjoy.

(yeah that's cesarnc on CNBC )
  • #23,720
  • Aug 11, 2007 3:45pm Aug 11, 2007 3:45pm
Quoting karmostaji
I think GU will be heading to the top of the channel I posted yesterday, around 0330
I'm with you on this one. Question is whether or not this trendline we're on is going whacked shortly. I say CPI> 2.5 can make it. CPI<=2.4 opens room for new lows...

Quote
you have the potential to be in the 'hall of fame'

what do you think cesarnc? LOL
nah... "2.12 inevitable" is not eligible for the hall of fame.

Eligibility Criteria for Cable Update Lousy Calls Hall of Fame

a)- The call must be 300+ pips away with the statement "sooner than you expected" or alike. That means, "timeframe" must be included. Too ease call cable 1.9500 now and came back here in 2014 and say "toldya".

b)- Cable must move the double the pips off the call, in the opposite way, never looking back

c)- the user MUST hijack the thread, yell his calls 5 times per page, be annoying, act like a moron and vanish the thread at first 100 pips move otherwise

It's a TOUGH, TOUGH task to get your name on the board, sorry fellas. IT's not for any ordinary traders who win a little and loose a little.

23,700 posts and only 3 names on it. You must be within the 0.013% top lousy callers.

On the poll: haven't made my mind yet... Gonna wait for the CPI + stock market + US cut (rumours, sentiment, gossips). For now I plan to go long targeting 0330, London confirms.
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