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Cable Update (GBPUSD)

  • #26,161
  • Aug 22, 2007 6:16am Aug 22, 2007 6:16am
Quoting Scrat
i will repost the chart, looks like you guys didn't get it.
i'm LONG from 1.9829 (5sma) because... (look for my previous post in this thread)...
this may be only a retracement, but it's LONG to one of the following fibos:
- TP1: 2.0034
- TP2: 2.0152
- TP3: 2.0270
i'll see what's going on at these levels and i'll add more positions (long or short).
I'm long, too. For quite sometime actually. TP1: soros-jr's lousy call 2.1

The indicator: we came down to rescue free444, but he's no longer with us. God save his soul, R.I.P. Now the convoy is going to rescue soros-jr!!! YYYEEEHHAHHHAAAA
  • #26,162
  • Aug 22, 2007 6:18am Aug 22, 2007 6:18am
Hi do any of you guys use the Tlatomi method. I have only been trading 12months but since using these signals for the past few weeks have recovered all my losses. Ok a lot to do with my latest reults is the experience I have gained but been listening to your comments thinking to myself that Tlatomi see's it different. Would like to post a pic but have not worked out how to yet.
  • #26,163
  • Aug 22, 2007 6:18am Aug 22, 2007 6:18am
Quote
So far so good, but I'm waiting for a break of 9950 to confirm uptrend....

what if it falls decent like 100 - 150 points from 9925 ? Would that mean its bearish ? I disagree with such judgments.

IF cable is bullish, it might be full of huge fluctuations, though we never know. Eyes set on terminal like a hawk. So lets see how the future trends unfold.
Hello World!
  • #26,164
  • Aug 22, 2007 6:22am Aug 22, 2007 6:22am
Quoting cesarnc
Newswires have it the market is <<BIG QUOTE>> expecting Fed to cut rates soon after yesterday's meeting <</BIG QUOTE>>

The problem with that is the tumble if this sentiment vanishes for some reason... Waiting game goes on...

I'm here as bored and naked as I imagine bravado is right now.
I agree, watching CNBC yesterday and that is what everyone is talking about, don't want to commit to a trend just yet.

Market has been ranging for almost a week now....will just wait and see.

I bet pino is upset now.......
  • #26,165
  • Aug 22, 2007 6:24am Aug 22, 2007 6:24am
Quoting ClockTrader
what if it falls decent like 100 - 150 points from 9925 ? Would that mean its bearish ? I disagree with such judgments.

IF cable is bullish, it might be full of huge fluctuations, though we never know. Eyes set on terminal like a hawk. So lets see how the future trends unfold.
The Industrial, although not that big mover, came out with a strong deviation to the upside.

This is important because it is a first and early indication that UK's economy may be not cooling off that much as suggested by last CPI.

What could add momentum is a likely dollar selling in anticipation to Fed's cut shortly and cable just became #1 place to put the cash in and enjoy a wild ride up. That's what is cooking in my mind.

Fundamentals in place, now it's time to chop the woods. And there is no other way to go up but via short sqeeze and stop hunting....
  • #26,166
  • Aug 22, 2007 6:25am Aug 22, 2007 6:25am
Quoting ClockTrader
what if it falls decent like 100 - 150 points from 9925 ? Would that mean its bearish ? I disagree with such judgments.
It's ranging right now so I can't confirm anything...but if some big news hits then we will get confirmation.

Will have to sit back and wait.....
  • #26,167
  • Aug 22, 2007 6:28am Aug 22, 2007 6:28am
if this is not the beginning of a retracement, then we'll probably see a fibo extension at 1.272: 2.0924.
IF 1.9621 is not broken.

Quoting cesarnc
I'm long, too. For quite sometime actually. TP1: soros-jr's lousy call 2.1

The indicator: we came down to rescue free444, but he's no longer with us. God save his soul, R.I.P. Now the convoy is going to rescue soros-jr!!! YYYEEEHHAHHHAAAA
Nihil Sine Deo.
  • #26,168
  • Aug 22, 2007 6:49am Aug 22, 2007 6:49am
I know that I do not know what is going to happen.
.
  • #26,169
  • Aug 22, 2007 6:57am Aug 22, 2007 6:57am
Quoting bullrock
I know that I do not know what is going to happen.

All I know the market will never go west. Hope that will help. :


TNT
I Love Forex Factory!
  • #26,170
  • Aug 22, 2007 6:57am Aug 22, 2007 6:57am
Quoting Terri1
Hi do any of you guys use the Tlatomi method. I have only been trading 12months but since using these signals for the past few weeks have recovered all my losses. Ok a lot to do with my latest reults is the experience I have gained but been listening to your comments thinking to myself that Tlatomi see's it different. Would like to post a pic but have not worked out how to yet.
is there a website you can refer to for this method?
  • #26,171
  • Aug 22, 2007 7:03am Aug 22, 2007 7:03am
Quoting patience07
is there a website you can refer to for this method?
Search Forex Factory. How can I post a chart?
  • #26,172
  • Aug 22, 2007 7:09am Aug 22, 2007 7:09am
Quoting patience07
is there a website you can refer to for this method?
http://www.forexfactory.com/showthread.php?t=6922
.
  • #26,173
  • Aug 22, 2007 7:20am Aug 22, 2007 7:20am
Quoting --TNT--
All I know the market will never go west. Hope that will help. :


TNT
What if you´re an Aussie and your screen´s upside down.....then the market goes west


http://www.forexfactory.com/images/icons/icon11.gif
Trading Levels with WRBs
  • #26,174
  • Aug 22, 2007 7:22am Aug 22, 2007 7:22am
Quoting Scrat
no.
whatever you say scrat. whatever you say.
BAM BAM BOOM! -bravado
  • #26,175
  • Aug 22, 2007 7:32am Aug 22, 2007 7:32am
Quoting cesarnc
The Industrial, although not that big mover, came out with a strong deviation to the upside.

This is important because it is a first and early indication that UK's economy may be not cooling off that much as suggested by last CPI.

What could add momentum is a likely dollar selling in anticipation to Fed's cut shortly and cable just became #1 place to put the cash in and enjoy a wild ride up. That's what is cooking in my mind.

Fundamentals in place, now it's time to chop the woods. And there is no other way to go up but via short sqeeze and stop hunting....
This sounds sense - and that worries me- whoever wags this market is a contrairian crack user

I vote cautious long though
  • #26,176
  • Aug 22, 2007 7:36am Aug 22, 2007 7:36am
Quoting allserene
This sounds sense - and that worries me- whoever wags this market is a contarairian crack user

I vote cautious long though

i think this market will turn soon, and then not look back for quite some time... .
  • #26,177
  • Aug 22, 2007 8:02am Aug 22, 2007 8:02am
I was riding my bike home from the bar last night when all of the sudden I thought it would be cool to jump down some stairs (I like to do stupid shit when I'm drunk) Now I got scratches and bruises all up and down the right side of my body with a huge hangover to boot. Not leaving the bed today.
Just Trade It
  • #26,178
  • Aug 22, 2007 8:08am Aug 22, 2007 8:08am
Quoting Big Wave Rider
I was riding my bike home from the bar last night when all of the sudden I thought it would be cool to jump down some stairs (I like to do stupid shit when I'm drunk) Now I got scratches and bruises all up and down the right side of my body with a huge hangover to boot. Not leaving the bed today.
okey!

i see how that relates to gbp/usd analysis
  • #26,179
  • Aug 22, 2007 8:21am Aug 22, 2007 8:21am
Quoting VEC
okey!

i see how that relates to gbp/usd analysis
Come on VEC...you didn't get it ?????

That's a parable about cable...after a huge drop it is laying in bad.....GREAT analysis Big Wave !!!!!!!!
For he that would be deceived, let him.
  • #26,180
  • Aug 22, 2007 8:22am Aug 22, 2007 8:22am
Quoting Big Wave Rider
I was riding my bike home from the bar last night when all of the sudden I thought it would be cool to jump down some stairs (I like to do stupid shit when I'm drunk) Now I got scratches and bruises all up and down the right side of my body with a huge hangover to boot. Not leaving the bed today.
LOL... Guess that's the same feeling for those short GJ 226
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