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Cable Update (GBPUSD)

  • #25,381
  • Aug 17, 2007 7:01am Aug 17, 2007 7:01am
Quoting cesarnc
I'm gonna post this right now, 2hr ahead of New York, so by the time it happens I'll be able to told you all so...

I bet $20 as IF (IF!!! IF!!!!!) Cable puts 2.0 today we will start seeing charts with targets 2.1000 and charts with target 1.9000

Chips on the table.

P.S. Read carefully, I'm not saying cable will do that. I'm saying If XXX then YYY....
In order that cable to reach 2.0 today, it must first reach and break 1.9892, if not so no 2.0, besides that the low for today was 1.9649 this means that if cable reached 2.0 that it will make like 351 pips today, the highest daily range for cable since last year was on May 11th 2006 = 333 pips, so I doubt that we could reach this number again, and I know that you are not saying that cable will reach 2.0 today, can I have some chips
  • #25,382
  • Aug 17, 2007 7:06am Aug 17, 2007 7:06am
Quoting Warper
Tragapips

That's not what i'm seing.

http://img177.imageshack.us/img177/6319/euro7db1.jpg


It might break but i'm not seeing that yet. Even if it breaks, no long for me...
Warper

I just check my chart and it´s OK. The points are correct and breakout is clear. I imagine the problem can be different data feed.
Johann Channels and cycles are everything
  • #25,383
  • Aug 17, 2007 7:13am Aug 17, 2007 7:13am
Quoting Tragapips
Why I think this can be a bullish day:

- EUR/JPY and GBP/JPY rebound on long term supports
- Euro is breaking this month downtrend channel to the upside.
- Cable break its long term channel but rebounds on 676 support line and is trying to reinsert in the uptrend channel again.

Plus:

-Yesterday´s Dow rebound
- Market expectations of a rate cut in September.
- Seems Fed will give some "oxigen" to bankrupt firms.

Just thinking...

Edit: And I forgot bad data; Phily Fed Cero ???


Or:

1. A 4h PB off 1.9666 s/r.

Nahhhhhh, that's just making it TOO complicated. ;p

I don't trust this market to do much of anything nicely today.
Trust price. Know yourself.
  • #25,384
  • Aug 17, 2007 7:13am Aug 17, 2007 7:13am
Quoting pino2
(...) that it will make like 351 pips today, the highest daily range for cable since last year was on May 11th 2006 = 333 pips, so I doubt that we could reach this number again, and I know that you are not saying that cable will reach 2.0 today, can I have some chips

The only thing I keep in mind is that several trillion dollars were on the move this week, most of then flocking into short term safe heavens. This is a message... It was a short term safe heaven....

These trillions of dollars are now hungry dogs looking at all markets and shares and oversold charts as juicy sausage. I've got my ticket to the sausage party... AUF AUF
  • #25,385
  • Aug 17, 2007 7:17am Aug 17, 2007 7:17am
Lol. 15 minutes ago I post a DAX chart to my journal "wouldn't be surprised to see this go up now"....15 mins later: +130 pips on DAX, 300 pips on DJI futures moved, Yens explode

Edit: My bad, it was Today, 1:56pm so 21 minutes ago

"Wouldn't be surprised if this took off now."
Trust price. Know yourself.
  • #25,386
  • Aug 17, 2007 7:20am Aug 17, 2007 7:20am
Quoting SeekingLight
Lol. 15 minutes ago I post a DAX chart to my journal "wouldn't be surprised to see this go up now"....15 mins later: +130 pips on DAX, 300 pips on DJI futures moved, Yens explode

Edit: My bad, it was Today, 1:56pm so 30 minutes ago

"Wouldn't be surprised if this took off now."
FED on the move... Lov'ya bernie
  • #25,387
  • Aug 17, 2007 7:21am Aug 17, 2007 7:21am
Fed cuts discount rate 50bp to 5.75%. FF target unch at 5.25%. Says downside risks to growth increased 'appreciably'.
  • #25,388
  • Aug 17, 2007 7:23am Aug 17, 2007 7:23am
I am long cable long, long fiber long....+100 +80 atm..
Trust price. Know yourself.
  • #25,389
  • Aug 17, 2007 7:24am Aug 17, 2007 7:24am
Rumours of the Day Update

Quoting cesarnc
Volatility at the roof already. But stocks in europe are soaring...

Rumours of the day:
-FED is going to "do something about it" -> CHECK
-There will be "financial rescue" to fin companies
- Opportunity to buy several shares that were slaughtered through the week. "See late NYC"

I'm trading with caution and from a anti-nuclear bunker.
  • #25,390
  • Aug 17, 2007 7:25am Aug 17, 2007 7:25am
hello all.

where is cable going today?
BAM BAM BOOM! -bravado
  • #25,391
  • Aug 17, 2007 7:26am Aug 17, 2007 7:26am
Quoting cesarnc
Rumours of the Day Update
Charts predicting news update:

Pin Bar preceeds reaction and actually let's you TRADE IT: check.
Trust price. Know yourself.
  • #25,392
  • Aug 17, 2007 7:28am Aug 17, 2007 7:28am
Quoting SeekingLight
Charts predicting news update:

Pin Bar preceeds reaction and actually let's you TRADE IT: check.
Sooo.. you say Bernanke moved rates because of a PIN-BAR?

  • #25,393
  • Aug 17, 2007 7:30am Aug 17, 2007 7:30am
Quoting cesarnc
Sooo.. you say Bernanke moved rates because of a PIN-BAR?
Nope. I am saying PRICE moved up because of a pin bar. Undisputeable fact on my chart =)

Or do you think I used precognition?
Trust price. Know yourself.
  • #25,394
  • Aug 17, 2007 7:33am Aug 17, 2007 7:33am
Firework ...

CAC 40 5391, +2,40%
SBF 120 3921 +2,19%
EuroStoxx 50 4109 +1,17%
Dow Jones 12845 -0,12%
Nasdaq 2451 +0,00%
Nikkei 15273,68 -5,42%
  • #25,395
  • Aug 17, 2007 7:33am Aug 17, 2007 7:33am
First tick 2.0 and I'm sooooooo gonna dance over your head pino
  • #25,396
  • Aug 17, 2007 7:35am Aug 17, 2007 7:35am

hey you guys. it's me bravado.

BAM BAM BOOM! -bravado
  • #25,397
  • Aug 17, 2007 7:36am Aug 17, 2007 7:36am
nope... price moved up because of a big shark waking up...
so i guess we're going up from now on...
alright, same old... buy on dips...
Nihil Sine Deo.
  • #25,398
  • Aug 17, 2007 7:37am Aug 17, 2007 7:37am
Quote
nope... price moved up because of a big shark waking up...

*sighs*

Whaaaaaaaaaatever. I can't trade off of sharks, only charts. Sound similiar though.

Hm. USDCAD is making pips faster than GJ. Spooky!
Did I mention I am short USDCAD, short! ;d
Trust price. Know yourself.
  • #25,399
  • Aug 17, 2007 7:37am Aug 17, 2007 7:37am
Trade what you see, not what you think.
  • #25,400
  • Aug 17, 2007 7:39am Aug 17, 2007 7:39am
Quoting pino2
In order that cable to reach 2.0 today, it must first reach and break 1.9892, if not so no 2.0, besides that the low for today was 1.9649 this means that if cable reached 2.0 that it will make like 351 pips today, the highest daily range for cable since last year was on May 11th 2006 = 333 pips, so I doubt that we could reach this number "again" (TODAY missing, right?), and I know that you are not saying that cable will reach 2.0 today, can I have some chips
Cable made till today aprox 251 pips, so Cesar rewarded the Famoves trader The PINO from Canada with chips. The reward was so low because the rewarded trader might think he owns evry single pip, but he needs to give something to market in order to take from others, BBC reported on agust the 17th (14.22, Eurozone).
its just money
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