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Cable Update (GBPUSD)

  • #29,021
  • Sep 5, 2007 2:10am Sep 5, 2007 2:10am
not sure..

Quoting apume
Hello,

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

-A.
"Invest With The Insiders, Not The Masses" George Muzea
  • #29,022
  • Sep 5, 2007 2:12am Sep 5, 2007 2:12am
It just playing around those levels...C'mon....I know this GU can do better than just fooling around...

I hate it today, just hate it...
Hello World
  • #29,023
  • Sep 5, 2007 2:13am Sep 5, 2007 2:13am
I think this is gonna reverse zigzag f(*$&£*(&$ week again?
.
  • #29,024
  • Sep 5, 2007 2:14am Sep 5, 2007 2:14am
Huge chart, please resize it.
  • #29,025
  • Sep 5, 2007 2:14am Sep 5, 2007 2:14am
You mean go bullish?

Quoting bullrock
I think this is gonna reverse zigzag f(*$&£*(&$ week again?
  • #29,026
  • Sep 5, 2007 2:15am Sep 5, 2007 2:15am
Post to get out of that page
  • #29,027
  • Sep 5, 2007 2:17am Sep 5, 2007 2:17am
Quoting bullrock
I think this is gonna reverse zigzag f(*$&£*(&$ week again?
Well, it is tiring to trade GU today...Big boys afraid of NFP due out Friday?! No, they can just ride the trend...Adjustment can be done before the news release...

So, WTH is going on GU???
Hello World
  • #29,028
  • Sep 5, 2007 2:20am Sep 5, 2007 2:20am
Sorry my mistake, chart is too big. But anyway looks like will be downtrend and then could be uptrend again, also depends from fundemental too
  • #29,029
  • Sep 5, 2007 2:20am Sep 5, 2007 2:20am
Is it the downtrend has finish??? and looking to go upward??
"Invest With The Insiders, Not The Masses" George Muzea
  • #29,030
  • Sep 5, 2007 2:24am Sep 5, 2007 2:24am
I'd be very cautious to enter any long position now on cable.
Attached Image
  • #29,031
  • Sep 5, 2007 2:26am Sep 5, 2007 2:26am
Quoting Qu|cksilver
Is it the downtrend has finish??? and looking to go upward??
Speculation begins....People get confused, trading no longer in the green side, people get mad...Have I mentioned "Traps"...People trapped...

People like us, still chatting/posting here without taking any burden...What a life....
Hello World
  • #29,032
  • Sep 5, 2007 2:26am Sep 5, 2007 2:26am
Quoting Qu|cksilver
Is it the downtrend has finish??? and looking to go upward??
I have no idea...

Headlines messed up again. Watanabe said "watching subprime", which spooked the crap out of the Asian market, now comments are "Fed's cut sure thing". Each part of the world is trading its own merry way and we, little rats, here.

There are alot of cheese in the area, but we can't figure out which of them are not carrying a mousetrap with it.
  • #29,033
  • Sep 5, 2007 2:29am Sep 5, 2007 2:29am
Quoting cesarnc
I have no idea...

Headlines messed up again. Watanabe said "watching subprime", which spooked the crap out of the Asian market, now comments are "Fed's cut sure thing". Each part of the world is trading its own merry way and we, little rats, here.

There are alot of cheese in the area, but we can't figure out which of them are not carrying a mousetrap with it.
Well, the retracement went up to 23.6%fibo levels @ hourly TF. The pair is now bounced off that level... Resuming the trend, I presume...
Hello World
  • #29,034
  • Sep 5, 2007 2:33am Sep 5, 2007 2:33am
Quoting waf_1988
Well, the retracement went up to 23.6%fibo levels @ hourly TF. The pair is now bounced off that level... Resuming the trend, I presume...
I'll ask my monkey to flip a coin to know what to do...
.
  • #29,035
  • Sep 5, 2007 2:34am Sep 5, 2007 2:34am
But there is deffinitely a support around 2.0075 and it is becoming a shhoting star formation.
.
  • #29,036
  • Sep 5, 2007 2:38am Sep 5, 2007 2:38am
Quoting hoezhiens
I prefer 2.0100 first then back to 2.0010 with you...
Well we have seen close to 2.0100 now I hope you are right with 2.0010! although the 1H chart still loogs like the bulls want to run
  • #29,037
  • Sep 5, 2007 2:39am Sep 5, 2007 2:39am
Quoting bullrock
But there is deffinitely a support around 2.0075 and it is becoming a shhoting star formation.
Tiring ya....It needs more bear-power to broke that level but people just don't want to help...:
Hello World
  • #29,038
  • Sep 5, 2007 2:40am Sep 5, 2007 2:40am
Quoting bobbyfx
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.

Nice work. I enjoy reading your analysis of this pair.
  • #29,039
  • Sep 5, 2007 2:43am Sep 5, 2007 2:43am
In these conditions we all have to pick a side and stay with it. If you lose, you lose. It's literally impossible to guess which direction the next big move is going to be.

Techis and fundis showing huge drop. Techis and fundis showing huge rise.
  • #29,040
  • Sep 5, 2007 2:43am Sep 5, 2007 2:43am
Quoting WTB
I'd be very cautious to enter any long position now on cable.

I agree to that. This pair looks like it is going down.
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