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Cable Update (GBPUSD)

  • #23,841
  • Aug 13, 2007 2:33am Aug 13, 2007 2:33am
shorts or in play big tyme, look like the cable is heading south i woudn't touch a long position.
If I Go Broke Trying Then I Will die happy.
  • #23,842
  • Aug 13, 2007 2:34am Aug 13, 2007 2:34am
Quoting bobblong
2.0070, 2.0000, highly unlikely today though,

sure 000 seems unlikely - but not even 0070ish?
  • #23,843
  • Aug 13, 2007 2:34am Aug 13, 2007 2:34am
Quoting cesarnc
LOL



The free444's B/E landmark. Finally. But that was a lousy risk:reward: 600:0
I thought free444 was at .9733?? :

Im targeting 2.0055.
  • #23,844
  • Aug 13, 2007 2:34am Aug 13, 2007 2:34am
Quoting cesarnc
Ain't she a bitch?

GBP Stalling .2101

Euro stalling .3649

You know what is said about
the big boys and round figures.

We'll see if it is temporary
or today's lows. Only time
will tell. However, US
forecast is positive so
could see further downtrend
if actual results turn out to
be positive too.

Just my thoughts - you know
much better than I do.
  • #23,845
  • Aug 13, 2007 2:35am Aug 13, 2007 2:35am
Im going to shyte my pants if I miss another move like this. Closed my sell from 2.0216 at 2.0180 .
  • #23,846
  • Aug 13, 2007 2:36am Aug 13, 2007 2:36am
Quoting Moe
shorts or in play big tyme, look like the cable is heading south i woudn't touch a long position.

don't try that goooooooo dowwwwwwwwwwn

http://img108.imageshack.us/img108/3...reamingqo0.jpg
  • #23,847
  • Aug 13, 2007 2:36am Aug 13, 2007 2:36am
Quoting Pokka
the gbp news dosen't make much move..
Winnie the Pooh says... THINK, THINK, THINK, THINK, THINK, THINK, THINK, THINK
.
  • #23,848
  • Aug 13, 2007 2:37am Aug 13, 2007 2:37am
we got some head bagging u.s. news comming out later today, im holding my shorts till then.
If I Go Broke Trying Then I Will die happy.
  • #23,849
  • Aug 13, 2007 2:37am Aug 13, 2007 2:37am
Quoting Abuawad
don't try that goooooooo dowwwwwwwwwwn

http://img108.imageshack.us/img108/3...reamingqo0.jpg

lol...that scared me! and im a forex trader!!!
  • #23,850
  • Aug 13, 2007 2:38am Aug 13, 2007 2:38am
Quoting mr.m
sure 000 seems unlikely - but not even 0070ish?

We'll have to wait and see but likely yes and it wouldn't suprise me to see a 40 pip retracement from where we are now
  • #23,851
  • Aug 13, 2007 2:39am Aug 13, 2007 2:39am
Quoting Abuawad
don't try that goooooooo dowwwwwwwwwwn
w.t.f. you talking about
If I Go Broke Trying Then I Will die happy.
  • #23,852
  • Aug 13, 2007 2:41am Aug 13, 2007 2:41am
oh is that what happen to your long positions
If I Go Broke Trying Then I Will die happy.
  • #23,853
  • Aug 13, 2007 2:44am Aug 13, 2007 2:44am
Belief??? Hope??? prediction??? bet???? method???....
Belief??? Hope??? -> go to church
prediction??? -> Talk to the gate
bet??? -> go to a betting shop
method??? -> well you can be a trader
.
  • #23,854
  • Aug 13, 2007 2:47am Aug 13, 2007 2:47am
Aime Dowwwwwwwwwwwwn more


http://newmedia.funnyjunk.com/pictures/sniper.jpg
  • #23,855
  • Aug 13, 2007 2:47am Aug 13, 2007 2:47am
Quoting kiranu
This week will be important for gbp.

Because, inflation report, retail sales and bank of minutes will be released this week. All of these datas are expecting to ease. This means that gbpusd can see further decline.
What is more? CPI and retail sales of US will be released this week as well. Forecasts show that we can see good numbers for usd. This means that FED will not cut rates and more credit problem and risk aversion. So gbpjpy crosses might see more losses.
There is an one more risk for gbp. It is China. In China, CPI is the higest in ten years. This means that they will increase their monetary tighting.

Technically speaking, if we see under 2.0130 , downside risks will increase and we might see under 2. The rising trend is around 1.99-2.00.
Today, i wrote this...
  • #23,856
  • Aug 13, 2007 2:48am Aug 13, 2007 2:48am
meanwhile...
Attached Image (click to enlarge)
Click to Enlarge Name: hot cow.jpg Size: 176 KB
For he that would be deceived, let him.
  • #23,857
  • Aug 13, 2007 2:48am Aug 13, 2007 2:48am
Now that cableīs broken its 50% fibo on the daily, next stopīs the 61.8% at 2.0017, so lets see how long that takes.

Intraday, after breaking the pivot at 0217, S1 held for about 50 mins before the sharp sell off that so far has stopped at S2 - 2.0097. Next its M0 at 037 or even S3 at 1.9977.....mm
Trading Levels with WRBs
  • #23,858
  • Aug 13, 2007 2:50am Aug 13, 2007 2:50am
  • #23,859
  • Aug 13, 2007 2:53am Aug 13, 2007 2:53am
  • #23,860
  • Aug 13, 2007 2:55am Aug 13, 2007 2:55am
There is a trendline in the weekly, matching with the 61% fib (9622/0652), now at 0030...

I wouldn't call 0030 today crazy
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