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Cable Update (GBPUSD)

  • #32,481
  • Sep 24, 2007 11:11pm Sep 24, 2007 11:11pm
anyone buying at this level?
  • #32,482
  • Sep 24, 2007 11:19pm Sep 24, 2007 11:19pm
Quoting leachimeewg
yeap... do think so. thing is i closed my cable short like abt 8 hrs ago... lol.. kinda remind me of last week i told bullrock abt UJ short and he closed with a 10pip short... next day moved 100pip south... lol

wooo he'll be crackin when he see cable like this..
I see it... Fortunately I liquidated a good chunk of my longs.. Now I am waiting to reload. Downmove is limited... IMHO
.
  • #32,483
  • Sep 24, 2007 11:20pm Sep 24, 2007 11:20pm
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Quoting maverick
anyone buying at this level?
I will try to wait until it reaches 2.0000 to buy, probably after London open..

"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #32,484
  • Sep 24, 2007 11:28pm Sep 24, 2007 11:28pm
if anyone feels that they have reached an area where they find value...one should start practising throwing in some small lots to 'test' the validity of the support levels.

on a seperate note, we keep talking abt the dollar holocaust and such but have we realised that as dollarIndex makes a new low, most currencies are not capping an all time high against dollar? This shows that there are weaknesses in those currencies to esp our fav gbp. If dollar Index is set to retrace from its current trend, GBP is likely to be hurt again, this is just my opinion. I feel the GBP is very weak, EURGBP is not ashamed to tell us so.
  • #32,485
  • Sep 24, 2007 11:31pm Sep 24, 2007 11:31pm
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Quoting jest1081
if anyone feels that they have reached an area where they find value...one should start practising throwing in some small lots to 'test' the validity of the support levels.
"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #32,486
  • Sep 24, 2007 11:34pm Sep 24, 2007 11:34pm
My analysis with the cable today seems that cable will drop to 2.0050 today and continue the upward trend target 2.0370.

What do you think guys?
"Invest With The Insiders, Not The Masses" George Muzea
  • #32,487
  • Sep 24, 2007 11:36pm Sep 24, 2007 11:36pm
Quote
one should start practising throwing in some small lots to 'test' the validity of the support levels.

I love this strategy, testing with tiny positions.
Hello World!
  • #32,488
  • Sep 24, 2007 11:46pm Sep 24, 2007 11:46pm
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Quoting jest1081
if anyone feels that they have reached an area where they find value...one should start practising throwing in some small lots to 'test' the validity of the support levels.

on a seperate note, we keep talking abt the dollar holocaust and such but have we realised that as dollarIndex makes a new low, most currencies are not capping an all time high against dollar? This shows that there are weaknesses in those currencies to esp our fav gbp. If dollar Index is set to retrace from its current trend, GBP is likely to be hurt again, this is just my opinion. I feel the GBP is very weak, EURGBP is not ashamed to tell us so.
Hmm.. You've got a point there.. That's why I'm just looking for an opportunity to scalp here..

:
"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #32,489
  • Sep 24, 2007 11:50pm Sep 24, 2007 11:50pm
Anyone smell stop hunting on that little spike below the 100?.....lets see what the Brits do....LO in 10 mins
Trading Levels with WRBs
  • #32,490
  • Sep 24, 2007 11:52pm Sep 24, 2007 11:52pm
Quoting Qu|cksilver
My analysis with the cable today seems that cable will drop to 2.0050 today and continue the upward trend target 2.0370.

What do you think guys?
Hi there...according to me 2.005 may be too early to go long im thinking cable should touch the 1.9950 level before starting its uptrend...nonetheless, the cable eventually going up seems very probable! anyway, just my thought!
  • #32,491
  • Sep 25, 2007 12:01am Sep 25, 2007 12:01am
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Quoting Qu|cksilver
My analysis with the cable today seems that cable will drop to 2.0050 today and continue the upward trend target 2.0370. What do you think guys?
It will heads down to 2.0050 or lower if 2.0100 cannot hold.....

"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #32,492
  • Sep 25, 2007 12:02am Sep 25, 2007 12:02am
Quoting mr.m
Hi there...according to me 2.005 may be too early to go long im thinking cable should touch the 1.9950 level before starting its uptrend...nonetheless, the cable eventually going up seems very probable! anyway, just my thought!

I am detecting a bullish divergence around 2.0094. Anyone differ?
  • #32,493
  • Sep 25, 2007 12:06am Sep 25, 2007 12:06am
Quoting maverick
I am detecting a bullish divergence around 2.0094. Anyone differ?
if you are talking about the 1hr timeframe, i think that may be a false alarm.. depends on the next move
  • #32,494
  • Sep 25, 2007 12:09am Sep 25, 2007 12:09am
Quoting mr.m
if you are talking about the 1hr timeframe, i think that may be a false alarm.. depends on the next move

- although, i must say.. it seems like a retracement for the current downtrend seems to be inorder, so perhaps a minor uptrend does take place soon!
  • #32,495
  • Sep 25, 2007 12:17am Sep 25, 2007 12:17am
Quoting mr.m
if you are talking about the 1hr timeframe, i think that may be a false alarm.. depends on the next move

Why do you suppose it might be a false alarm?
  • #32,496
  • Sep 25, 2007 12:21am Sep 25, 2007 12:21am
Quoting maverick
Why do you suppose it might be a false alarm?
well, higher-time-frames..according to my reading still indicate(ed) a further drop before a retracement
  • #32,497
  • Sep 25, 2007 12:25am Sep 25, 2007 12:25am
this is some of my prediction..waiting for the signal appear to buy..

http://www.uploadhouse.com/fileuploa...50c11d3ac4.jpg
  • #32,498
  • Sep 25, 2007 12:27am Sep 25, 2007 12:27am
Quoting mr.m
well, higher-time-frames..according to my reading still indicate(ed) a further drop before a retracement
I am seeing hidden bullish divergence on the 4hr timeframe. Hopefully, it will not go any lower than 2.0088.
  • #32,499
  • Sep 25, 2007 12:36am Sep 25, 2007 12:36am
Quoting bullrock
I see it... Fortunately I liquidated a good chunk of my longs.. Now I am waiting to reload. Downmove is limited... IMHO
todays move looks like more downside is possible. Fiber needs to break 1.4050 to see more downside.

I'm of the view we should see short term downside and more mid term upside.
Cable already reached its peak. Fiber also. but Fiber is still around the area. I not sure but if Fiber test 1.42, then we could see cable arond 2.0400 to 2.0500
  • #32,500
  • Sep 25, 2007 12:39am Sep 25, 2007 12:39am
Quoting Danish
this is some of my prediction..waiting for the signal appear to buy..
Please resize the image.
"Invest With The Insiders, Not The Masses" George Muzea
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