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Cable Update (GBPUSD)

  • #26,041
  • Aug 21, 2007 10:15am Aug 21, 2007 10:15am
Cable now looks like its going for a downtrend......any idea wheres the support point gonna be....?
  • #26,042
  • Aug 21, 2007 10:42am Aug 21, 2007 10:42am
"Billionaire investor Warren Buffett told CNBC's Becky Quick this morning that speculation he may buy parts of beleaguered mortgage lender Countrywide Financial is just that, speculation."

For those who have learned to read stuff like that, it means:

"I'm just having a hard time here in Omaha to find the right amount of suitcases. FEDEX is bringing a MD-11 full of them. I'm a buyer at arrival"

  • #26,043
  • Aug 21, 2007 10:46am Aug 21, 2007 10:46am
CABLE DON'T YOU EVER THINK TO EVEN GET CLOSE TO 1.9850, IT''S MY SL!!!, IT'S A ONE WAY HERE AND A NO ENTRY AREA, TRY TO MAKE A U TURN BACK TO THE 1.97's
  • #26,044
  • Aug 21, 2007 10:51am Aug 21, 2007 10:51am
Quoting tiges159
Cable now looks like its going for a downtrend......any idea wheres the support point gonna be....?

1st sup. 1.979
2nd sup. 1.9745
3rd sup. 1.97
  • #26,045
  • Aug 21, 2007 10:55am Aug 21, 2007 10:55am
In the end of the day, the stock market is finding its way out of the woods, all markets not putting awesome highs, but they are going higher, Asia included, Europe rebounded from -1% to close green today. Dow Jones not a brilliant market today, but 13k big figure not even threatened.

So why the hell are the currencies so quite? Yen, Euro mainly and Cable hovering around 9800-9900 for the 5th day in a row already.
  • #26,046
  • Aug 21, 2007 10:56am Aug 21, 2007 10:56am
Quoting deboooo2005
1st sup. 1.979
2nd sup. 1.9745
3rd sup. 1.97
thanks deboo2005, u using fibo? but fundamentally, do u think its gonna bounce an uptrend soon?especially abt the rate cuts.....

thanks again...
  • #26,047
  • Aug 21, 2007 11:04am Aug 21, 2007 11:04am
hi tiges159

i always like the technical analysis more than fundemental ... i can read the trend better in technical analysis
  • #26,048
  • Aug 21, 2007 11:12am Aug 21, 2007 11:12am
I am not big on triangles but on 60m one is forming with the focal point coming soon.
  • #26,049
  • Aug 21, 2007 11:15am Aug 21, 2007 11:15am
Quoting pino2
CABLE DON'T YOU EVER THINK TO EVEN GET CLOSE TO 1.9850, IT''S MY SL!!!, IT'S A ONE WAY HERE AND A NO ENTRY AREA, TRY TO MAKE A U TURN BACK TO THE 1.97's
I'm not gonna lie, pino. I DO want your S/L. Sorry 'bout that.

http://www.breaktaker.com/albums/pic...s/AngryDog.jpg
  • #26,050
  • Aug 21, 2007 11:15am Aug 21, 2007 11:15am
If by tomorrow's close in the Dow it hasn't taken out resistance of 13200 area ( +/-100) then look out below. And so goes the Dow so goes a lot of others.
  • #26,051
  • Aug 21, 2007 11:16am Aug 21, 2007 11:16am
1,96 before 2,00?

1,98 before 1,99?

whats your thoughts?

long from 1,9819 but im pretty nervous about this position. Eur/Usd is at bottom of recent range and if it bounces back up to around 1,3520, i suppose ill be alright, ill get out at least at break even. . . .
  • #26,052
  • Aug 21, 2007 11:23am Aug 21, 2007 11:23am
Quoting SunTrader
I am not big on triangles but on 60m one is forming with the focal point coming soon.
I'm eyes wide open on it. Blood temperature last check 1ºC and dropping.
  • #26,053
  • Aug 21, 2007 11:44am Aug 21, 2007 11:44am
Quoting pino2
CABLE DON'T YOU EVER THINK TO EVEN GET CLOSE TO 1.9850, IT''S MY SL!!!, IT'S A ONE WAY HERE AND A NO ENTRY AREA, TRY TO MAKE A U TURN BACK TO THE 1.97's
Pino, you might want to bring your s/l to 9840, because if it breaks this, then 9850 is a piece of cake. Why not pick up an extra 10 pips.....
  • #26,054
  • Aug 21, 2007 11:52am Aug 21, 2007 11:52am
Quoting Turtle
Pino, you might want to bring your s/l to 9840, because if it breaks this, then 9850 is a piece of cake. Why not pick up an extra 10 pips.....

10pips, a piece of cake? at this speed? hihi
  • #26,055
  • Aug 21, 2007 11:54am Aug 21, 2007 11:54am
Quoting VEC
10pips, a piece of cake? at this speed? hihi
  • #26,056
  • Aug 21, 2007 12:00pm Aug 21, 2007 12:00pm
Quoting VEC
10pips, a piece of cake? at this speed? hihi
20 pips is now the going rate.....

But I at least wanted to give Pino some extra pips since I'm also looking to take out his s/l.

Based on recent movement once 9840 gets taken out we might be ranging around 9860 or above????
  • #26,057
  • Aug 21, 2007 12:08pm Aug 21, 2007 12:08pm
We're coming to get'ya pino... 20 pips out, 15 hours to go
  • #26,058
  • Aug 21, 2007 12:11pm Aug 21, 2007 12:11pm
cesar DJ is falling
we should be careful
give me my pips back...
  • #26,059
  • Aug 21, 2007 12:23pm Aug 21, 2007 12:23pm
Quoting Lincoln_10
cesar DJ is falling
we should be careful
let's see the last half an hour. Last minute buyers not ruled out yet. AS long as 13k is not brought under pressure, I'm cool...
  • #26,060
  • Aug 21, 2007 12:30pm Aug 21, 2007 12:30pm
Its now become either hyper-speed or donkey-speed.



Yawn.
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