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Cable Update (GBPUSD)

  • #2,641
  • Edited Mar 3, 2007 2:57pm Dec 19, 2006 5:07pm | Edited Mar 3, 2007 2:57pm
Quoting Qwiktrader
Anyone think this sucker is gonna hit 9730 here soon? It appears that it's headed there and it looks like a lot of GBP news is coming out in the AM. I gotta the trading in the early AM today was nuts and I still don't know what to think here.
this looks pretty bullish to me...

do expect a pullback.......bull flag broken on the daily......if 9730 not broken cleanly, then next stop is 9450
With a break always expect a pullback, otherwise, you're dead meat/
  • #2,642
  • Dec 19, 2006 5:54pm Dec 19, 2006 5:54pm
I am wondering WWMS? (what would monarch say?)
  • #2,643
  • Dec 19, 2006 6:01pm Dec 19, 2006 6:01pm
Personally I am short term bearish on cable off 9730 but long term bullish with a target of 9980.

If however 9730 is not breached then a visit to 9340 is expected.
  • #2,644
  • Dec 19, 2006 6:11pm Dec 19, 2006 6:11pm
Looking at the poll above 215 members vote cable going below 2.000 and 83 members vote that cable will be above 2.000 :surprised

I vote above 2.0000
"Invest With The Insiders, Not The Masses" George Muzea
  • #2,645
  • Dec 19, 2006 6:18pm Dec 19, 2006 6:18pm
Quoting Qu|cksilver
Looking at the poll above 215 members vote cable going below 2.000 and 83 members vote that cable will be above 2.000 :surprised

I vote above 2.0000
Do u think today we are not going to see 9500ish on cable??
  • #2,646
  • Dec 19, 2006 7:04pm Dec 19, 2006 7:04pm
hmm........despite the fact that cable and euro are ralling, swissy doesn't want to break below 1.2115.
  • #2,647
  • Dec 19, 2006 7:11pm Dec 19, 2006 7:11pm
I put in an entry stop order to go long when cable gets to 1.9735. When you guys look for a break of a key resistance/support point, how many pips do you wait for the pair to gain/lose before you take the trade?
  • #2,648
  • Dec 19, 2006 7:20pm Dec 19, 2006 7:20pm
9730 reached this is a decisive moment here...
  • #2,649
  • Dec 19, 2006 7:31pm Dec 19, 2006 7:31pm
to each his own but in my opinion going long at a potential resistance level say from 9720 to 9735 is risky especially during asian session, the london open or closer to 2am would provide more liquidity. I would personally consider going long closer to support or closer to a consolidation zone where i can place a stop, if u do place ur entry to go long now there are several factors potential in the way, trading break outs when liquidity is low except for special times like what we saw on thanksgiving can be tricky... personally im stading aside right now until a key entry signal developes.
  • #2,650
  • Dec 19, 2006 7:44pm Dec 19, 2006 7:44pm
9730 to 9738 has been a resistence point for a number of daily highs and 9731 is the 618 fib extension of this past days high and low. A break above that is needed for an up trend. How far above a person uses his own preference. For me I hope it waits until 3am then it will make it easy for me. I will wait and see. 10 or 15 pips with a retracement and then another break. Just my thought.
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  • #2,651
  • Dec 19, 2006 7:44pm Dec 19, 2006 7:44pm
9800 could be hit, bullish momentum still intact
  • #2,652
  • Dec 19, 2006 8:25pm Dec 19, 2006 8:25pm
Quoting enoc2g
9800 could be hit, bullish momentum still intact
I am happy you say that!!
Steve
  • #2,653
  • Dec 19, 2006 8:42pm Dec 19, 2006 8:42pm
.Just my 100 rupiahs worth, i will wait the price come down to 1.9700 and enter buy.but if the price go down below 1.9660 i will go short.and if the price go to 1.9770 i will long another lot with tp on 1.9810 and put my first long sl to 1.9730.when the price climb north to 1.9800ish I will be rich...geezz..sound easy..is this real? tell me about it...morning all..here @ my place still morning.good trade all.
Cheers


Quoting PipSteve
I am happy you say that!!
  • #2,654
  • Dec 19, 2006 8:57pm Dec 19, 2006 8:57pm
I missed my candle by a bit so technically the 618 fe is 9727 not 9731
Quoting goodthings
9730 to 9738 has been a resistence point for a number of daily highs and 9731 is the 618 fib extension of this past days high and low. A break above that is needed for an up trend. How far above a person uses his own preference. For me I hope it waits until 3am then it will make it easy for me. I will wait and see. 10 or 15 pips with a retracement and then another break. Just my thought.
  • #2,655
  • Dec 19, 2006 11:55pm Dec 19, 2006 11:55pm
Good Luck to us!!!!

May the FORCE be with You!!!
  • #2,656
  • Dec 20, 2006 12:06am Dec 20, 2006 12:06am
Quoting c1ro
Do u think today we are not going to see 9500ish on cable??
Only Big Boys can do that what impossible to us is possible to them a clean break of 9820 will unlock the 9900 all the way to 2.0
  • #2,657
  • Dec 20, 2006 12:14am Dec 20, 2006 12:14am
if news comes out as expected or worse, I will be prepared to ride cable down to 1.9600 area, still think end of year down in 1.9320 area.
Man who scratches ass should not bite fingernails
  • #2,658
  • Dec 20, 2006 12:39am Dec 20, 2006 12:39am
Quoting Leugimp
if news comes out as expected or worse, I will be prepared to ride cable down to 1.9600 area, still think end of year down in 1.9320 area.
What makes u think it will going down?
  • #2,659
  • Dec 20, 2006 12:47am Dec 20, 2006 12:47am
It's looking like it wants to party to the upside right now! Europe is about to open and if we get any kind of move like yesterday I'll die and go to heaven!
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #2,660
  • Dec 20, 2006 12:50am Dec 20, 2006 12:50am
LOL.well lucky you then.



Quoting Qwiktrader
It's looking like it wants to party to the upside right now! Europe is about to open and if we get any kind of move like yesterday I'll die and go to heaven!
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