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Cable Update (GBPUSD)

  • #2,441
  • Dec 19, 2006 2:43am Dec 19, 2006 2:43am
Quoting Mama007
The cable has reached its range of 146 pips for the day - hopefully it will go down on the news
There's more upside to come yet. The NY session generally follows the trend established by the London session.
  • #2,442
  • Dec 19, 2006 2:43am Dec 19, 2006 2:43am
im short...waiting for 9195=)
  • #2,443
  • Dec 19, 2006 2:44am Dec 19, 2006 2:44am
no gap with my broker.
Man who scratches ass should not bite fingernails
  • #2,444
  • Dec 19, 2006 2:44am Dec 19, 2006 2:44am
Quoting notouch
There's more upside to come yet. The NY session generally follows the trend established by the London session.
hat if the news is good for US? Cable will come down
mama
  • #2,445
  • Dec 19, 2006 2:45am Dec 19, 2006 2:45am
Quoting 4x_Trader
There is a gap in 1.9514 closing price of 8:55 GMT the market will fill the gap sooner or later.....
It isn't even 8:55 yet

I see no gaps at all in the charts - must just be your dodgy broker.
  • #2,446
  • Dec 19, 2006 2:45am Dec 19, 2006 2:45am
Quoting 4x_Trader
There is a gap in 1.9514 closing price of 8:55 GMT the market will fill the gap sooner or later.....
The only problem if it is a break-away gap! Any comments will be highly appreciated...
  • #2,447
  • Dec 19, 2006 2:45am Dec 19, 2006 2:45am
Counting from 00:00Gmt, its 135 pips....low @9475 & high @ 9610...correct me if wrong
Quoting Mama007
The cable has reached its range of 146 pips for the day - hopefully it will go down on the news
  • #2,448
  • Dec 19, 2006 2:46am Dec 19, 2006 2:46am
Quoting notouch
It isn't even 8:55 yet
Sorry 15.55 rather I stand corrected tnx notouch....
  • #2,449
  • Dec 19, 2006 2:46am Dec 19, 2006 2:46am
Does anyone know what triggered the buying of GBP? I searched bloomberg, FXCM, and other sites but found none.
  • #2,450
  • Dec 19, 2006 2:49am Dec 19, 2006 2:49am
There is a "pipe" formation in 5min @ 1.9610 if the cable failed to breach that level 1.9520 will do for the coming session....
  • #2,451
  • Dec 19, 2006 2:49am Dec 19, 2006 2:49am
Quoting 4x_Trader
Sorry 15.55 rather I stand corrected tnx notouch....
In what time zone? I see no gaps at all. The forex market tends not to just gap randomly. There's too much liquidity. It usually only happens after news and it doesn't always fill afterwards.
  • #2,452
  • Dec 19, 2006 2:50am Dec 19, 2006 2:50am
Quoting fxpinoy
Does anyone knows what triggered the buying of GBP? I searched bloomberg, FXCM, and other sites but found none.
Well, there hasn't been any news and the pair looked really oversold, it was bound to happen. Secondly, Im sure alot of stops were placed at yesterdays high. Market stalled just below it then broke through. I think it should go back to that stalled area before news time. By then there might be a negative reversal in RSI which if propelled by news should bring cable all the way back down.
Man who scratches ass should not bite fingernails
  • #2,453
  • Dec 19, 2006 2:52am Dec 19, 2006 2:52am
Quoting notouch
In what time zone? I see no gaps at all. The forex market tends not to just gap randomly. There's too much liquidity. It usually only happens after news and it doesn't always fill afterwards.
Asian time zone 5min before London Market opens...
  • #2,454
  • Dec 19, 2006 2:52am Dec 19, 2006 2:52am
Quoting fxpinoy
Does anyone know what triggered the buying of GBP? I searched bloomberg, FXCM, and other sites but found none.
There is no good explanation. Could just as quickly go the other way. Careful is the word !!
  • #2,455
  • Dec 19, 2006 2:53am Dec 19, 2006 2:53am
now in the 23.6% fib retracement...expect to go down in a while...hehe
  • #2,456
  • Dec 19, 2006 2:53am Dec 19, 2006 2:53am
Hi, on the 1 hr chart we have hit the last Leg of the EW if I am correct. How do we post an image?
  • #2,457
  • Dec 19, 2006 2:54am Dec 19, 2006 2:54am
Quoting 4x_Trader
Asian time zone 5min before London Market opens...
There was no gap. It's an issue with your charts or broker.
  • #2,458
  • Dec 19, 2006 2:55am Dec 19, 2006 2:55am
The blood letting continues ... another intraday high. I can see 1.97 by the end of the day and $2 by the end of the year.
  • #2,459
  • Dec 19, 2006 2:55am Dec 19, 2006 2:55am
SHORT NOW HARD!!!!! Down to 1.9575
Man who scratches ass should not bite fingernails
  • #2,460
  • Dec 19, 2006 2:56am Dec 19, 2006 2:56am
Quoting fxkenny
There is no good explanation. Could just as quickly go the other way. Careful is the word !!
Kind of like the NFP & CPI crazy spike straight up then straight down... Today was insane... Good learning lesson. Hope some made money off that move.
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