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Cable Update (GBPUSD)

  • #1,481
  • Dec 12, 2006 3:55pm Dec 12, 2006 3:55pm
Quoting Qwiktrader
The cable isn't looking like it wants to drop!
I have 30 min & 1 h overbought - or near that... next hours will tell.
  • #1,482
  • Dec 12, 2006 3:57pm Dec 12, 2006 3:57pm
My first post here ) Well I think that the cable will retrace a bit, but I would not count on that.. we have an uptrend, so follow it as you can.
meybe we will see 2 $ or even more by the christmas, so the santa can bring you lots of pips in the bag )
Wish you all the best.. good luck,
Zoran
  • #1,483
  • Dec 12, 2006 3:58pm Dec 12, 2006 3:58pm
Quoting cesarnc
I have 30 min & 1 h overbought - or near that... next hours will tell.
I advise not to look at the overbought, oversould conditions when the market is trending.. just one thought
  • #1,484
  • Dec 12, 2006 4:11pm Dec 12, 2006 4:11pm
is there posibble to see retracement at the point 1.9700??seem look like USD data/news not that strong enough to bring its down.....any comment on this
  • #1,485
  • Dec 12, 2006 4:59pm Dec 12, 2006 4:59pm
I am working up a Chart now to show, will take me about 10 minutes or so. There is a similiarity to what happened last night when we passed the 38.2% Fibo.

Monarch
  • #1,486
  • Dec 12, 2006 5:01pm Dec 12, 2006 5:01pm
Quoting zpancu
I advise not to look at the overbought, oversould conditions when the market is trending.. just one thought
Yeah, you're right. time to step off and get some sleep. It was a loooong Tuesday....
  • #1,487
  • Dec 12, 2006 5:14pm Dec 12, 2006 5:14pm
We only sleep when the market closes on Friday. LOL

Monarch
  • #1,488
  • Dec 12, 2006 5:17pm Dec 12, 2006 5:17pm
If the USD does not rally on good news, it may mean that the bears are exhausted.



Quoting peekaboo
is there posibble to see retracement at the point 1.9700??seem look like USD data/news not that strong enough to bring its down.....any comment on this
"Invest With The Insiders, Not The Masses" George Muzea
  • #1,489
  • Edited Feb 2, 2007 5:50pm Dec 12, 2006 5:26pm | Edited Feb 2, 2007 5:50pm
This is the 1 Hour Chart.

Looking at the Fibo lines in comparison to the Bars over.

Monarch
  • #1,490
  • Dec 12, 2006 5:30pm Dec 12, 2006 5:30pm
Quoting Qu|cksilver
If the USD does not rally on good news, it may mean that the bears are exhausted.
Well, I still could not figure out whether this buddy is exhausted or just stopped to grab a bite and will move on!

http://i2.photobucket.com/albums/y28/cesarnc/novo-1.jpg


Small illustrated joke for the day.. Cya!
  • #1,491
  • Dec 12, 2006 5:33pm Dec 12, 2006 5:33pm
Quoting monarch
Next small drop will go down to 1.9675-1.9685 area.

Then excpecting a gradual climb up from 1.9675/85.

Monarch
1 Hour Chart

I am watching the Close of this 6pm E.T Candle and the 4pm E.T Candle for the drop off to this area.

Monarch
  • #1,492
  • Dec 12, 2006 5:35pm Dec 12, 2006 5:35pm
Need Sleep Aid!

The 6pm and 7pm E.T. Candle Close.
  • #1,493
  • Dec 12, 2006 5:38pm Dec 12, 2006 5:38pm
My 5 min chart tells me asian trade might trend down to around 9640 - 9680 before gathering strength up.
Purely my own analysis.
The longer it stays in these range (9600 - 9700s), the better support it provides for future during retracement.
Right teaching produces right believing leads to right living. - J.P
  • #1,494
  • Dec 12, 2006 5:44pm Dec 12, 2006 5:44pm
Anyone went long from about 9700 (at the open time of a new daily candle)? I did. Let me know if you did the same and what SL/TP did you set.

regards
  • #1,495
  • Dec 12, 2006 5:45pm Dec 12, 2006 5:45pm
Shorted at 1.9710 this morning.
  • #1,496
  • Dec 12, 2006 5:49pm Dec 12, 2006 5:49pm
went long @1.9581 last night , 25 lots in a real account, not a demo, KaChing!
"i wake up in the morning, and i piss excellence"
  • #1,497
  • Dec 12, 2006 6:01pm Dec 12, 2006 6:01pm
What do you mean, Were suppose to be trading real money here?

:surprised

Good Job on your position!

Monarch
  • #1,498
  • Dec 12, 2006 6:20pm Dec 12, 2006 6:20pm
69!!!

Baaaaaaahahahahhahahahahahahahahahahahaha
  • #1,499
  • Edited 9:57pm Dec 12, 2006 6:23pm | Edited 9:57pm
There's a difference between someone that's being cocky or someone that's just the same word without the "Y".
Of course we're happy to see fellow members making money. But, the reason we're on here is to share ideas and reasons to why things happen the way they do. Not, to broadcast to the world on how much one has made on such and such.
A wise man once told me:
" Follow the rabbit into the hole like Alice in Wonderland, it will lead you to new things, along the way you shall make friends. You will become free. keep stepping forward, share your discoveries, follow ur curiosity. you are not a conspiracy theorist, but part of a whole. We are all in this together".
  • #1,500
  • Dec 12, 2006 6:35pm Dec 12, 2006 6:35pm
Umm, whats the deal, trade balance was lower and cable still went up?!?! Was the FOMC meeting that bad? Its been my experiance that in the past when trade balance is lower then anticipated the dollar strengthens. The concept is pretty basic, less dollars are flowing out of the US which equals less dollars floating around which equals a stronger dollar. Or am I mistaken?
I be pip'n!
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