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Cable Update (GBPUSD)

  • #33,701
  • Oct 2, 2007 5:08pm Oct 2, 2007 5:08pm
Actually, now that I think about it more, I don't see any divergence.

If it continues to trade down then indicator will continue to give lower readings.
  • #33,702
  • Oct 2, 2007 5:10pm Oct 2, 2007 5:10pm
Quoting Plutonite
So..you guys must be having tons of fun with cable going nowhere in the past like 12 hours or so. Is there anything good on T.V?
last 3 H4 are awesome. Just like yesterday...

First sub-100pips day for a long time, wasn't it?

Anyways, things tend to go slower and slower until the statement.

And on no cut or cut from BOE, I'll short T-H-E C-R-A-P ouf of this pair SL trailing 5 pips and will look to TP on Monday only
  • #33,703
  • Oct 2, 2007 5:11pm Oct 2, 2007 5:11pm
Quoting benssol
now we have this range in uptrend this is a point
and bullish divergence , another point
can we say it will be upside breakout?
Looks like a nice flag pattern to me.. suggesting consolidation then the resume of the uptrend.. what do u think ?
  • #33,704
  • Oct 2, 2007 5:38pm Oct 2, 2007 5:38pm
Quoting SunTrader
Re: Driving

I was to S.A. back when I worked for a Shipping Co. - the port cities of Jeddah, Jubail and Damman. And so I know that not every Saudi can have any car they want. But then there are also foreigners living there that I think their women can't drive either? Not totally sure of that.

Re: Chart

Not much divergence if you ask me.
Driving: I know what you mean, but the point isnt to ban women - the point is the problems that will come if they allow this
and about the poor/rich yes but the percent is very high, I can show you a video about public auction and they were biding on special cars numbers board, you know the license numbers they stick it on the front and the back of the car (I dont know what you name it in states)
and the board that carry the number 7 sold for 11.8 million ryal

I think this is enough to know the percent

Chart: noted
but the daily chart bounced after touches the previous peak!!, another point
Attached Image (click to enlarge)
Click to Enlarge Name: gu d.gif Size: 16 KB
  • #33,705
  • Oct 2, 2007 5:43pm Oct 2, 2007 5:43pm
Quoting peterM
Looks like a nice flag pattern to me.. suggesting consolidation then the resume of the uptrend.. what do u think ?
may be a wedge with broadening back!!
  • #33,706
  • Oct 2, 2007 6:10pm Oct 2, 2007 6:10pm
Quoting benssol
where are you from??
LOL
US, so these days, I'm poooooor

Oh yeah, and I also own a home in California - owe on it more than twice it's worth - double

Ahhh... I remember the good ol' days when dollar was king, like, when Euro first came out, and I was so rich every time I went to Europe. These days... I have to work a week to buy a cappuccino in Paris
Cable is my sugardaddy
  • #33,707
  • Oct 2, 2007 6:13pm Oct 2, 2007 6:13pm
Quoting SunTrader
Re: Driving

I was to S.A. back when I worked for a Shipping Co. - the port cities of Jeddah, Jubail and Damman. And so I know that not every Saudi can have any car they want. But then there are also foreigners living there that I think their women can't drive either? Not totally sure of that.

Re: Chart

Not much divergence if you ask me.
No female, national or foreign, is allowed to drive in SA - not a single one.

You know that bridge that links SA and Bahrain? Apparently, expat couples will pull over right there on the bridge, as soon as they are 'out' of SA, and do the switcharoo, so that the poor deprived western woman can drive a little bit
Cable is my sugardaddy
  • #33,708
  • Oct 2, 2007 6:22pm Oct 2, 2007 6:22pm
Quoting cesarnc
last 3 H4 are awesome. Just like yesterday...

First sub-100pips day for a long time, wasn't it?

Anyways, things tend to go slower and slower until the statement.

And on no cut or cut from BOE, I'll short T-H-E C-R-A-P ouf of this pair SL trailing 5 pips and will look to TP on Monday only
5 pips trailing? Calm down amigo, give the market room to breathe. Sadistic stop losses after news releases..come on
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #33,709
  • Oct 2, 2007 6:58pm Oct 2, 2007 6:58pm
sell at 2.0391
tp 2.0361
sl 2.0421
say something political...what I would eat if I wasn't going to die.
  • #33,710
  • Oct 2, 2007 7:14pm Oct 2, 2007 7:14pm
Quoting Plutonite
5 pips trailing? Calm down amigo, give the market room to breathe. Sadistic stop losses after news releases..come on
LOL... It's getting hard to crack jokes around here for some time...
  • #33,711
  • Oct 2, 2007 7:17pm Oct 2, 2007 7:17pm
Quoting cesarnc
LOL... It's getting hard to crack jokes around here for some time...
Well as we like to say, f... 'em if they can't take a joke.
  • #33,712
  • Oct 2, 2007 7:20pm Oct 2, 2007 7:20pm
anyone long?
  • #33,713
  • Oct 2, 2007 7:26pm Oct 2, 2007 7:26pm
Quoting bohogirl
US, so these days, I'm poooooor

Oh yeah, and I also own a home in California - owe on it more than twice it's worth - double

Ahhh... I remember the good ol' days when dollar was king, like, when Euro first came out, and I was so rich every time I went to Europe. These days... I have to work a week to buy a cappuccino in Paris
oh boy
I was thinking you are a Saudi princess

Ok, see you later :
  • #33,714
  • Edited 8:17pm Oct 2, 2007 7:54pm | Edited 8:17pm
either this one is fake breakout of uptrend or not. Today cable depends on ADP news. Short target may be 2.0395 or 2.0387.
Edit:
cut my short position. Turn into long position. Target may be 2.0426 or 2.0435.
Attached Image
  • #33,715
  • Oct 2, 2007 8:18pm Oct 2, 2007 8:18pm
confirm profit

buy stop GBPUSD 2.0433 target 2.0463
{Link Removed}]
  • #33,716
  • Oct 2, 2007 8:25pm Oct 2, 2007 8:25pm
Quoting kenari05
confirm profit

buy stop GBPUSD 2.0433 target 2.0463
nice to see you here :-)
Hello World!
  • #33,717
  • Oct 2, 2007 8:31pm Oct 2, 2007 8:31pm
1st long target was achieved 2.0426. the 2nd long target 2.0435. 3rd 2.0445.
  • #33,718
  • Oct 2, 2007 8:35pm Oct 2, 2007 8:35pm
Quoting santoso
1st long target was achieved 2.0426. the 2nd long target 2.0435. 3rd 2.0445.
and after 45?
  • #33,719
  • Oct 2, 2007 8:37pm Oct 2, 2007 8:37pm
Quoting benssol
and after 45?
2.0445 till 2.0454 is the upper limit of trading range at 1hr chart (sideways). If cable breaks it, it will be 2.0486.
  • #33,720
  • Oct 2, 2007 8:38pm Oct 2, 2007 8:38pm
[DJ] Short-term players may try to offload USD-shorts at quicker pace if results of indicators due later in global day hint at strong U.S. jobs growth last month, says JPMorgan Chase Bank chief FX strategist Tohru Sasaki; "If those indicators exceed expectations, that could boost speculation that Friday's September employment report may deliver strong figures." Focus on ADP/Macroeconomic Advisors jobs report for September (Dow Jones poll tips +80,000 jobs), also on ISM non-manufacturing index for September (54.8 tipped vs previous month's 55.8). Adds amount of short-term USD-short positions as of Monday stood at 3.6X daily average of past year, meaning higher chances of position adjustments.
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