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Cable Update (GBPUSD)

  • #821
  • Dec 5, 2006 10:05am Dec 5, 2006 10:05am
if any chance price go to 1.9725 good place for you to enter short..
"Invest With The Insiders, Not The Masses" George Muzea
  • #822
  • Dec 5, 2006 10:14am Dec 5, 2006 10:14am
Quoting fspirani
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.
Wsalam.ur welcome..im just assume that..
  • #823
  • Dec 5, 2006 10:15am Dec 5, 2006 10:15am
Quoting shahfx
Wsalam.ur welcome..im just assume that..
You or Fibo ?
  • #824
  • Dec 5, 2006 10:17am Dec 5, 2006 10:17am
Quoting dswk
You or Fibo ?
None of above..i dnt know..
  • #825
  • Dec 5, 2006 10:20am Dec 5, 2006 10:20am
Humm... 1.9725 seem to be hard to break now...
  • #826
  • Dec 5, 2006 10:21am Dec 5, 2006 10:21am
I'm still betting on an overall LONG position still. This positive US data will be short-lived. That 2.0000 mark is like a magnet!
Show me the PIPS!
  • #827
  • Dec 5, 2006 10:21am Dec 5, 2006 10:21am
it will though and go higher to high 9700's 9770's



Quoting dswk
Humm... 1.9725 seem to be hard to break now...
  • #828
  • Dec 5, 2006 10:35am Dec 5, 2006 10:35am
Like usual,GBP make small reversal around 20-45 pips average during this time of 11.00-12.30PM +8gmt time..

Gudnite-ZZZZZZZZZZZZ
  • #829
  • Dec 5, 2006 10:41am Dec 5, 2006 10:41am
Quoting fixme1too
it will though and go higher to high 9700's 9770's
9770? it will go up there??
  • #830
  • Dec 5, 2006 10:48am Dec 5, 2006 10:48am
nope it wont after looking at higher time frames i see it wont. lower time frames have alot of noise that can confuse the count for me . but 4 hour says we are down even further than i initially thought so i just added to my short. tell you what lets just watch the 9690 area if we dont break that then possible for 9770.


Quoting c1ro
9770? it will go up there??
  • #831
  • Dec 5, 2006 11:56am Dec 5, 2006 11:56am
Hmm, looks like we are about to go into second round of selling on the GBP/JPY front?

Cable has been sliding lower with the pace of a snail
  • #832
  • Dec 5, 2006 12:27pm Dec 5, 2006 12:27pm
Switch to 15 mins chart and play the 200 and 500 sma bounce....short it...we're in the killing zone set stop loss above current level of 200sma... This dun come often but when it does...TAKEIT! My 90% winner.
Attached Image
  • #833
  • Dec 5, 2006 12:39pm Dec 5, 2006 12:39pm
Hi guys, I see that the trendline to the upside is already broken on the 1 hour chart.
  • #834
  • Dec 5, 2006 12:41pm Dec 5, 2006 12:41pm
Based on the elliot wave theory, it seems that it is time for the corrective waves pattern to begin.
  • #835
  • Dec 5, 2006 12:50pm Dec 5, 2006 12:50pm
Quoting jest1081
Switch to 15 mins chart and play the 200 and 500 sma bounce....short it...we're in the killing zone set stop loss above current level of 200sma... This dun come often but when it does...TAKEIT! My 90% winner.
T/P ?
  • #836
  • Dec 5, 2006 1:01pm Dec 5, 2006 1:01pm
Quoting stealth_hunterz
Hi guys, I see that the trendline to the upside is already broken on the 1 hour chart.
What do u mean? the trenline was broke and cable wanna go upside??
  • #837
  • Dec 5, 2006 1:15pm Dec 5, 2006 1:15pm
c1 the uptrend line on the 1hr chart has been broken, i would move with caution as price can still bounce and test the upside again. the move down did break a short term support but has not moved significantly yet, remember this is NFP week too.
  • #838
  • Dec 5, 2006 1:18pm Dec 5, 2006 1:18pm
market tops usually take a while to form, especially with such a strong previous uptrend.
  • #839
  • Dec 5, 2006 1:24pm Dec 5, 2006 1:24pm
im suprised this made the list lol <TABLE class=tborder cellSpacing=0 cellPadding=3 width="100%" align=center border=0><THEAD><TR><TD class=alt2>11:00am </TD><TD class=alt2 align=middle>USD</TD><TD class=alt2>Iraq Study Group Report</TD></TR></THEAD><TBODY></TBODY></TABLE>
  • #840
  • Dec 5, 2006 1:35pm Dec 5, 2006 1:35pm
Quoting enoc2g
c1 the uptrend line on the 1hr chart has been broken, i would move with caution as price can still bounce and test the upside again. the move down did break a short term support but has not moved significantly yet, remember this is NFP week too.
Hi enoc2g,

I was long. But I've seen that the bull team looked very hard to broke the resistance 1.9820. On the downside I also see that the support was broken. But it bounced back to the 1.9700ish. At the short term cable might has a correction before it push to the upside again after period of massive bull. The whole trend still bullish in the bigger picture. The Demark system and EW support this view..
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