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Cable Update (GBPUSD)

  • #29,001
  • Sep 5, 2007 3:03am Sep 5, 2007 3:03am
Quoting karmostaji
As long as i'm bagging green pips, forex can do whatever it wants
Indeed... But this damn thing could at least start moving when I'm awake!!!

Now I don't know if I sell pullback or buy reversal LOL
  • #29,002
  • Sep 5, 2007 3:05am Sep 5, 2007 3:05am
Quoting cesarnc
Indeed... But this damn thing could at least start moving when I'm awake!!!
Retracement on due....
Hello World
  • #29,003
  • Sep 5, 2007 3:05am Sep 5, 2007 3:05am
Quoting cesarnc
Indeed... But this damn thing could at least start moving when I'm awake!!!
there will be more action at US open, so stay awake
Trade what you see, not what you think.
  • #29,004
  • Sep 5, 2007 3:05am Sep 5, 2007 3:05am
Support 2 target reached. holding quite well there, news in 30 min from UK, may see a retracement maybe 2.0073-97 area until NY. Then keys areas are 2.0030, Psycological area of 2.0000, then 1.9980-6 and possible 1.9964-73 support 3 / Fib 1.618 from last bear run.
  • #29,005
  • Sep 5, 2007 3:08am Sep 5, 2007 3:08am
Quoting karmostaji
there will be more action at US open, so stay awake
I have an annoying 2-3 hours meeting today. Planned to bank my pips in the morning and get out of the market ahead of NY.

"Plan your trade and trade your plan" they say LOL
  • #29,006
  • Sep 5, 2007 3:09am Sep 5, 2007 3:09am
y r u all predicting or analyze tt cable will go dwn?
  • #29,007
  • Sep 5, 2007 3:23am Sep 5, 2007 3:23am
Quoting Holypendant
y r u all predicting or analyze tt cable will go dwn?
Cable has 2 important levels 2.0042 and 2.0018, if broken it will be more bearish for cable
Also cable failed to reach 2.0160 today 3 times, 2.0160 was also an important level for cable to go up
  • #29,008
  • Sep 5, 2007 3:27am Sep 5, 2007 3:27am
Quoting pino2
Cable has 2 important levels 2.0042 and 2.0018, if broken it will be more bearish for cable
Also cable failed to reach 2.0160 today 3 times, 2.0160 was also an important level for cable to go up
The retracement has reached the 5sma of 1H TF chart and bounced off, looking more to the news release... Otherwise, bearish on the side is still strong....
Hello World
  • #29,009
  • Sep 5, 2007 3:30am Sep 5, 2007 3:30am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Qwert
Just want to ask anyone why I can't see the attached images posted here. I looked at Options(am using Firefox) and the "Load Images Automatically" is checked. Can anyone help?
the last person i came accross with this issue had blocked Java script in there firewall.

not sure about Firefox never used it, just a thought.
  • #29,010
  • Sep 5, 2007 3:30am Sep 5, 2007 3:30am
Quoting Qu|cksilver
Next support 2.0010

I prefer 2.0100 first then back to 2.0010 with you...
To be or not to be, that's the question
  • #29,011
  • Sep 5, 2007 3:33am Sep 5, 2007 3:33am
The pair just retraced to 5sma on hourly TF @ 2.0080, now...Shall the trend resumed...

Bear on the table...No joke, just move bear...
Hello World
  • #29,012
  • Edited 4:05am Sep 5, 2007 3:43am | Edited 4:05am
UK news is inline with forecast, shouldnt affect price much. Lets see what NY will do. I strongly suspect lower prices today, maybe around PSCY levels to 1.9980 intraday. 2.0000-30 area is at the top of the downtrend line (Daily) from 2.0615 and will require strong bear power, also 100EMA daily chart (dealers use this point).Price has now retraced to fib0.382 hourly bear run. Holding below 200EMA at 2.0097 for NY increases good chances for shorts.

NOTE: 2.0030 is the convergence of long term uptrend and medium term downtrend, below here were may have a price reversal (USD stronger)

Good Luck all.

Got a 14H flight see you all later.
  • #29,013
  • Sep 5, 2007 3:49am Sep 5, 2007 3:49am
Cable is testing Frankfurt open price... Looks like it's going to reverse!

Euro stoks flat-to-positive after a bad start and Dow Futures recovered from the bottom -61 a little...

This pending homes sales said the source of the concern...
  • #29,014
  • Sep 5, 2007 3:50am Sep 5, 2007 3:50am
A forming shooting star or whatever it is called on my 3H chart (oanda).. The bar will be closed @ 11 GMT so there can be a lot of action until then. But it is quite bullish at the moment.
.
  • #29,015
  • Sep 5, 2007 3:51am Sep 5, 2007 3:51am
Quoting bullrock
A forming shooting star or whatever it is called on my 3H chart (oanda).. The bar will be closed @ 11 GMT so there can be a lot of action until then. But it is quite bullish at the moment.
Shall we wait the closing Asian session, and then... We'll see what are those actions....

No position yet bullrock?
Hello World
  • #29,016
  • Sep 5, 2007 3:52am Sep 5, 2007 3:52am
Quoting waf_1988
Shall we wait the closing Asian session, and then... We'll see what are those actions....

No position yet bullrock?
Short like an idiot...
.
  • #29,017
  • Sep 5, 2007 3:53am Sep 5, 2007 3:53am
Tokyo closes in 7 minutes as write this.
.
  • #29,018
  • Sep 5, 2007 3:55am Sep 5, 2007 3:55am
Quoting bullrock
Short like an idiot...
Well, the intraday bias is bearish anyway...

Just wait a little longer, a trend is stronger than retraco...
Hello World
  • #29,019
  • Sep 5, 2007 3:57am Sep 5, 2007 3:57am
Look like price start moving down again..
"Invest With The Insiders, Not The Masses" George Muzea
  • #29,020
  • Sep 5, 2007 4:05am Sep 5, 2007 4:05am
Hello,

Is the uptrend right now a noise or is it a reversal of the downtrend that we had been waiting for?

-A.
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