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Cable Update (GBPUSD)

  • #24,041
  • Aug 13, 2007 1:04pm Aug 13, 2007 1:04pm
Don't forget those Japanese housewives too. Talk about instability.
  • #24,042
  • Aug 13, 2007 1:12pm Aug 13, 2007 1:12pm
thanks

Japanese housewives ....yum ;..hehehehe
  • #24,043
  • Aug 13, 2007 1:25pm Aug 13, 2007 1:25pm
Quoting Big Wave Rider
News and fundementals, I feel only move the forex market short term, if you look at the weekly and monthly charts everything seems to be playing out in technical terms. And I feel we are in a correction that could last a couple of months, so I wouldnt be looking for the uptrend to continue cause it might be a while, but, keep your eyes open cause it could start tommorow. Dont take my word for it. Go and study the long term and tell me what you think.
i see a 366 test then maybe 444, then 166-266, then only up (after sept 17th)...still dont see 1.999...convince me, to think otherwise...
its just money
  • #24,044
  • Aug 13, 2007 1:29pm Aug 13, 2007 1:29pm
Quoting de123
i see a 366 test then maybe 444, then 166-266, then only up (after sept 17th)...still dont see 1.999...convince me, to think otherwise...
Love your style... And worst of all, I know you make a $ out of those beast figures
  • #24,045
  • Aug 13, 2007 1:33pm Aug 13, 2007 1:33pm
Quoting cesarnc
Love your style... And worst of all, I know you make a $ out of those beast figures
i loose 2...so dont trade them...
its just money
  • #24,046
  • Aug 13, 2007 1:36pm Aug 13, 2007 1:36pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting de123
i see a 366 test then maybe 444, then 166-266, then only up (after sept 17th)...still dont see 1.999...convince me, to think otherwise...
heres my 2 pips worth, i've got a 61.8% fib crossed with the current correction meeting with the weekly long trend channel @2.000 a nice round number.

but my charts have been wrong before, so could be a few pips out.

Happy trading

MPP
  • #24,047
  • Aug 13, 2007 1:43pm Aug 13, 2007 1:43pm
Quoting MPP
heres my 2 pips worth, i've got a 61.8% fib crossed with the current correction meeting with the weekly long trend channel @2.000 a nice round number.

but my charts have been wrong before, so could be a few pips out.

Happy trading

MPP
Few pips above 2.0000 is a nice place to leave a buy limit just in case. It's indeed a price one would want to go in. I know I would.

Dow Jones back on rally for another test at - guess what de123? - 13,330 (LOL). If cracks, we are going for a 100+ day.
  • #24,048
  • Aug 13, 2007 1:48pm Aug 13, 2007 1:48pm
If we break the weekly trendline we could be going down quite some way, I am not going to make any predictions but check out those numbers next to the fibo expansion of wave one and two :surprised

OR, we could hit the trendline and shoot back up, But a major (MAJOR as in a couple thousand pips) retracement is in the cards, will it happen now? I dont know.
Attached Image (click to enlarge)
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Just Trade It
  • #24,049
  • Aug 13, 2007 1:50pm Aug 13, 2007 1:50pm


P.S. Market's boring... Be back in a few hours....
Attached Image
  • #24,050
  • Aug 13, 2007 1:54pm Aug 13, 2007 1:54pm
The cable has touched the bottom of the week 2.0084, this week cable will hit around 2.0350.
Just my opinion
  • #24,051
  • Aug 13, 2007 2:03pm Aug 13, 2007 2:03pm
Quoting cesarnc


P.S. Market's boring... Be back in a few hours....
I bet she does.
  • #24,052
  • Aug 13, 2007 2:15pm Aug 13, 2007 2:15pm
What will the good ol' Pound do in the upcoming hours?
Attached Image (click to enlarge)
Click to Enlarge Name: 15 MIN POUND.jpg Size: 74 KB
  • #24,053
  • Aug 13, 2007 2:32pm Aug 13, 2007 2:32pm
ok...my version....i dont wona be the 4th cesar !!!!!...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: bottom.jpg Size: 64 KB
Click to Enlarge Name: when.jpg Size: 68 KB
its just money
  • #24,054
  • Aug 13, 2007 2:39pm Aug 13, 2007 2:39pm
I don't know... Cable below 0150 / Euro below 3650 are both very, very bearish in the short term.
  • #24,055
  • Aug 13, 2007 2:44pm Aug 13, 2007 2:44pm
short cable short
Trade what you see, not what you think.
  • #24,056
  • Aug 13, 2007 2:45pm Aug 13, 2007 2:45pm
Gone to the Gym... Don't want to end up like Uncle Vito...

Well, not totally.

http://skateboardpark.com/vito/donvito1.jpg
  • #24,057
  • Edited 2:58pm Aug 13, 2007 2:47pm | Edited 2:58pm
Quoting cesarnc
Few pips above 2.0000 is a nice place to leave a buy limit just in case. It's indeed a price one would want to go in. I know I would.

Dow Jones back on rally for another test at - guess what de123? - 13,330 (LOL). If cracks, we are going for a 100+ day.
The dow is whipping like miss whiplash ! wife came in and showed me a stupid video and when i looked back it had got 115 points the wrong way ! i mean in seconds !

it took me an hour to get that back - 25 points at a time - up and down and all over

I have been pinching pips on various currencies and the dow - 15 here and 25 there - for last 3 trading days - missed all the huge moves but all the many small gains really add up... i am happy as long as i am up - even a few down at the end of the day and i am not happy

think i am settling into my style of pinching 15 or 25 and sometimes 50 max - long or short - seems to work for me and i have plenty of time...

and all i have to do is draw some channels and then 'feel' the dither on the chart and go the other way and get straight out if i am wrong - take 5 or 6 losses of 12 pips and make 12 or 15 trades of say 20 average the right way...

it's like tickling trout
  • #24,058
  • Aug 13, 2007 2:50pm Aug 13, 2007 2:50pm
According to this daily chart, cable could test 1.9950 at the bottom trendline. If cable stays at these current levels, this will be the first day it has closed below the upper trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: POUND DAILY.jpg Size: 70 KB
  • #24,059
  • Aug 13, 2007 3:02pm Aug 13, 2007 3:02pm
Quoting cesarnc
Gone to the Gym... Don't want to end up like Uncle Vito...

Well, not totally.

http://skateboardpark.com/vito/donvito1.jpg
them's rough scrubbers - change out of a 10 note i reckon
no wonder he has bugger off eyes - one buggers off one way and one buggers off the other...

ps hope this wasn't a family photo or i do apologise
  • #24,060
  • Aug 13, 2007 3:21pm Aug 13, 2007 3:21pm
Quoting de123
ok...my version....i dont wona be the 4th cesar !!!!!...
I like her bottom better.
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