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Cable Update (GBPUSD)

  • #30,581
  • Sep 14, 2007 6:31am Sep 14, 2007 6:31am
The dollar safe haven has been offset lately because people thought it was safer abroad. As soon as they see that the WORLD is in chaos, not just the US, they will jump right back on the dollar
For he that would be deceived, let him.
  • #30,582
  • Sep 14, 2007 6:31am Sep 14, 2007 6:31am
Quote
LOL.....

So cable is 350 pips off the highs due to what?

for a simple fundamental reason: OVERBOUGHT



:
Hello World!
  • #30,583
  • Sep 14, 2007 6:32am Sep 14, 2007 6:32am
Quoting cesarnc
LOL.....

So cable is 350 pips off the highs due to what?
Due to big wawe rider, coming back from holiday, and being greedy...

next week, interesting calendar as hell,...l will probably be only flat to screen doing nothing, but watch the whole situation,....

http://uk.biz.yahoo.com/14092007/323...dar-oct-1.html

http://uk.biz.yahoo.com/14092007/323...ry-events.html
its just money
  • #30,584
  • Sep 14, 2007 6:37am Sep 14, 2007 6:37am
Quoting ClockTrader
for a simple fundamental reason: OVERBOUGHT



:
overbought my a**...

Well, bounce off the 38% fib almost at the pip... Like that... No going long that MF.... not yet. no crazy... my hands are shaking
  • #30,585
  • Sep 14, 2007 6:39am Sep 14, 2007 6:39am
Quoting ClockTrader
People,

Now please don't say the NR bad OR blah blah news brought cable down. plzzzzz do not confuse FX with news.

I urge !!!
Look, i was the first to avoid paranoid ideas. Yesterday i even posted in the other thread, agreeing with Auslanco about the drop.

GJ rejected the 200 MAs after being away from it for almost two months. Normal...

An overbought Uj rejected a fib and the 100 SMA that ruled the pair down since the 124 high

But, i said something like, hey i hope the market doesn't selloff just because of a misunderstanding.

But hey look at this... another panic session. If the new is enough to do this i don't know, but maybe the combo with techs and funds was the answer to this panic.

However... the story of the day is the story of the day...

Another idiot Bank that doesn't have money to lend despite decades of insane profit.

And it does matter.
  • #30,586
  • Sep 14, 2007 6:41am Sep 14, 2007 6:41am
Aug 17th till these days -> a trendline. That was broken yesterday.
A head and shoulders pattern is forming and two days ago I've posted somewhere that my fear is that we are seeing forming the second shoulder. Now the formation is completing... Next week more or less down.. till 9850ish area maybe... THIS IS NOT A CALL JUST OBSERVATION AND OPINION
.
  • #30,587
  • Sep 14, 2007 6:44am Sep 14, 2007 6:44am
Quoting Warper
(...) but maybe the combo with techs and funds was the answer to this panic.

However... the story of the day is the story of the day...

Another idiot Bank that don't have money despite decades of insane profit.

And it does matter.
Agreed... fundis spark moves, techis supply baselines for entries and exits. This move down is coming very technically fib level by fib level. But it was surely the NR's news that provided the move.

Easy to understand this because euro is not following suit, and euro was waaaayyyy more overbought in the daily if the drop was purely technical.
  • #30,588
  • Sep 14, 2007 6:44am Sep 14, 2007 6:44am
Quote
overbought my a**

For how much ? you should be knowing after all its your a** !!!

Quote
Look, i was the first to avoid paranoid ideas.

Yesterday i even posted in the other thread, agreeing with Auslanco about the drop.

GJ rejected the 200 MAs after being away from it for almost two months. Normal...

Uj rejected a fib and the 100 SMA that ruled the pair down since the 124 high

But, i said something like, hey i hope the market doesn't selloff just because of a misunderstanding.

But hey look at this... another panic session. If the new is enough to do this i don't know, but maybe the combo with techs and funds was the answer to this panic.

However... the story of the day is the story of the day...

Another idiot Bank that don't have money despite decades of insane profit.

And it does matter.

well, for stock markets, I agree that it can have direct and immediate logical effect, but on FX, no way, at least this NOOB(I) won't believe.
Hello World!
  • #30,589
  • Sep 14, 2007 6:45am Sep 14, 2007 6:45am
OK.... Long???? my 5min and 15min giving long signal.. what should i do now? do i have to wait 30min to give me long signal again?

Yea.. 38 Fibo already touched. But what will happen next few hours?
Kiyoski JR. "Time is your friend; impulse is your enemy."
  • #30,590
  • Sep 14, 2007 6:45am Sep 14, 2007 6:45am
Quoting cesarnc
38% fib touched, not (YET) cracked.... Eyes wide open here... I will go long this level if coming from below eventually, God knows when ...
Dare not pull the trigger yet until USA wakes up and decides to sell everything that is GBP in the UK and put it all back in the First, thirty first, second Farmer's Mutual Shack Friendly bank of chickasaw bridge ...
  • #30,591
  • Sep 14, 2007 6:49am Sep 14, 2007 6:49am
Quoting Kiyosaki JR
OK.... Long???? my 5min and 15min giving long signal.. what should i do now? do i have to wait 30min to give me long signal again?

Yea.. 38 Fibo already touched. But what will happen next few hours?
I am short on the daily chart since yesterday... Because I am not just BS-ing here regarding my analysis.
.
  • #30,592
  • Sep 14, 2007 6:51am Sep 14, 2007 6:51am
Not pulling any triggers until I see this retail sales report due up in 40 minutes.....

It's just another Friday.........
  • #30,593
  • Sep 14, 2007 6:52am Sep 14, 2007 6:52am
Quoting allserene
Dare not pull the trigger yet until USA wakes up and decides to sell everything that is GBP in the UK and put it all back in the First, thirty first, second Farmer's Mutual Shack Friendly bank of chickasaw bridge ...
.... i guess we hate those silly questions,...
its just money
  • #30,594
  • Sep 14, 2007 6:53am Sep 14, 2007 6:53am
Quoting cesarnc
LOL.....

So cable is 350 pips off the highs due to what?
Right! It has nothing to do with news or rumours...
Cable is down because there's more selling than buying!
  • #30,595
  • Sep 14, 2007 6:58am Sep 14, 2007 6:58am
Quoting ClockTrader
well, for stock markets, I agree that it can have direct and immediate logical effect, but on FX, no way, at least this NOOB(I) won't believe.
Ok but i have a feeling that is GJ that is moving GU down and GJ is connected with stock markets and financial collapses related news.

Quoting Kiyosaki JR
my 5min and 15min giving long signal
I would wait for a Four Hour Chart signal if i were you. I will...

You are dealing with insane R:R if it resumes from here. So... don't bother to wait.
  • #30,596
  • Sep 14, 2007 7:16am Sep 14, 2007 7:16am
My Kiwi drawdown is so cute
  • #30,597
  • Sep 14, 2007 7:16am Sep 14, 2007 7:16am
tip toc , tic toc,
15 minutes left on the clock
  • #30,598
  • Sep 14, 2007 7:17am Sep 14, 2007 7:17am
by the way what is oil trading at now?
  • #30,599
  • Sep 14, 2007 7:20am Sep 14, 2007 7:20am
since cable is boring and annoying, i hope you guys are not missing the pips on GJ, retracing to 231.60 area and then heading down to 229.00
Trade what you see, not what you think.
  • #30,600
  • Sep 14, 2007 7:22am Sep 14, 2007 7:22am
Quoting karmostaji
since cable is boring and annoying, i hope you guys are not missing the pips on GJ, retracing to 231.60 area and then heading down to 229.00
231.60 then 229 here we come.... and cable isn't boring...it did have some big movements too
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