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Cable Update (GBPUSD)

  • #35,181
  • Oct 12, 2007 4:25am Oct 12, 2007 4:25am
Quoting bullrock
The only question Qu|cksilver is "where is the dip"??

Salsa or guacamole? and why was I not invited to this party?
Just Trade It
  • #35,182
  • Oct 12, 2007 4:29am Oct 12, 2007 4:29am
Quoting cesarnc
In the intraday I like to watch the 7:00 GMT price as a pivot (frankfurt open) to get started (today 0275). Went down in the 7h candle, up in the 8h, bounced off yesterday's low, refreshed the short term oscilators and it is bound 0275 again.

Clearing some 20-30 pips downwards is usually bearish for the rest of the day... (not factoring news in)
Thank you for your analysis, ceasarnc. I thought about the long term outlook.
.
  • #35,183
  • Oct 12, 2007 4:34am Oct 12, 2007 4:34am
I had a similar chart I posted last friday of this scenario, I just didnt trade it.
Attached Image (click to enlarge)
Click to Enlarge Name: charts.gif Size: 26 KB
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  • #35,184
  • Oct 12, 2007 4:37am Oct 12, 2007 4:37am
Quoting bullrock
The only question Qu|cksilver is "where is the dip"?? Here or 200 pips lower? (edit)
why not buy on every 200 point fall ? like

one long from: .0270
2nd long from: .0070

and thus cover 1000 - 2000 points downwards, I have not tested this yet, but, I'm 90% sure within few months the account shall be singing profits.

Simple Blind Strategy without any technicals involved, basic stuff needed are right MM, discipline and patience !!!

CHOW :-)
Hello World!
  • #35,185
  • Oct 12, 2007 4:40am Oct 12, 2007 4:40am
Quoting bullrock
Thank you for your analysis, ceasarnc. I thought about the long term outlook.
You think the long term outlook is bearish?

I´m not putting 1 chip to bet in any direction in this pair. It looks weak, but we've seen this pair shooting 1,000 pips up before. All it needs is a small reason why - which is not coming for weeks....

In the other hand, the dollar maybe a lil too much sold-off right now, but its multi-year trend is down, also with no reason to turnaround.

I'd love to see a strong correction in cable and euro, I mean in the monthly chart. the 23% fib starting October, 2000 works for me
  • #35,186
  • Oct 12, 2007 4:43am Oct 12, 2007 4:43am
Quoting ClockTrader
why not buy on every 200 point fall ? like

one long from: .0270
2nd long from: .0070

and thus cover 1000 - 2000 points downwards, I have not tested this yet, but, I'm 90% sure within few months the account shall be singing profits.

Simple Blind Strategy without any technicals involved, basic stuff needed are right MM, discipline and patience !!!

CHOW :-)
I used to have such a strategy. That requires a huge capital. Imagine. Say you risk 2% of your equity. And you build up always in the interest rate positive direction. And you buy downwards 200 pips.... It might work. Need to perform calculations. But as I say you need guts, balls, and a huge capital.

BTW I would prefer to trade short through a 2000 point fall.
.
  • #35,187
  • Oct 12, 2007 4:45am Oct 12, 2007 4:45am
Al Gore, Nobel Peace Prize
  • #35,188
  • Oct 12, 2007 4:50am Oct 12, 2007 4:50am
Quoting cesarnc
Al Gore, Nobel Peace Prize

I wish he would run for president again, even though he won the first time.
Just Trade It
  • #35,189
  • Oct 12, 2007 4:57am Oct 12, 2007 4:57am
hi guys.. here is what i think.. although on the hourlies a retracement is required. Before the releases i think gu should retrace back to 340s and then head downward..

my medium-term target - 2.0050. any comments?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.jpg Size: 41 KB
  • #35,190
  • Oct 12, 2007 5:01am Oct 12, 2007 5:01am
Quoting Big Wave Rider
I wish he would run for president again, even though he won the first time.
I don't think he will be that stupid. He embraced a strong cause. Was it for politics, demagogy or greed, I don't know. But he will surely profit from it (already is).

He can be the Man of the Century with this climate crisis matter.

Exchange this to a) fix the Iraq mess; b) fix the deficit mess; c) fix the environmental policy mess; d) fix the entire Bush era mess - for what ? VANITY???
  • #35,191
  • Oct 12, 2007 5:02am Oct 12, 2007 5:02am
Quoting cesarnc
You think the long term outlook is bearish?

I´m not putting 1 chip to bet in any direction in this pair. It looks weak, but we've seen this pair shooting 1,000 pips up before. All it needs is a small reason why - which is not coming for weeks....

In the other hand, the dollar maybe a lil too much sold-off right now, but its multi-year trend is down, also with no reason to turnaround.

I'd love to see a strong correction in cable and euro, I mean in the monthly chart. the 23% fib starting October, 2000 works for me
1 - These days Cable is tied to DJI, remember yesterday close was very bearish for the DJI, it set a Bearish opening for today, US news probably will be bad for US and It will set a more bearish tone for the Stock Market, pushing carry trades lower and cable even lower.

2 - If the week end with a bearish tone in the Stock Market, next week opening will be also bearish.
  • #35,192
  • Oct 12, 2007 5:04am Oct 12, 2007 5:04am
Quoting cesarnc
Exchange this to a) fix the Iraq mess; b) fix the deficit mess; c) fix the environmental policy mess; d) fix the entire Bush era mess - for what ? VANITY???
May Moe never read this
  • #35,193
  • Oct 12, 2007 5:08am Oct 12, 2007 5:08am
Quoting project1972
1 - These days Cable is tied to DJI, remember yesterday close was very bearish for the DJI, it set a Bearish opening for today, US news probably will be bad for US and It will set a more bearish tone for the Stock Market, pushing carry trades lower and cable even lower.

2 - If the week end with a bearish tone in the Stock Market, next week opening will be also bearish.
In the other hand, weak PPI today and CPI next week will put euro at 1.45 minimum... overbought or not, Europe likes or not, Trichet crying or not :
  • #35,194
  • Oct 12, 2007 5:09am Oct 12, 2007 5:09am
Quoting cesarnc
In the other hand, weak PPI today and CPI next week will put euro at 1.45 minimum... overbought or not, Europe likes or not, Trichet crying or not :
But you are talking EU. And the EUR/GBP will rocket to sky high :
.
  • #35,195
  • Oct 12, 2007 5:12am Oct 12, 2007 5:12am
Quoting mr.m
hi guys.. here is what i think.. although on the hourlies a retracement is required. Before the releases i think gu should retrace back to 340s and then head downward..

my medium-term target - 2.0050. any comments?
I think I share this thought.l
.
  • #35,196
  • Oct 12, 2007 5:23am Oct 12, 2007 5:23am
Quoting cesarnc
In the other hand, weak PPI today and CPI next week will put euro at 1.45 minimum... overbought or not, Europe likes or not, Trichet crying or not :
It can be, but I will be not to fast to go long, these days Liquidity is more important than news or long term trends, and the fact is that still there are Hedge Funds with Billionaires drawdown in the Subprime Bonds, if carry trades unwind again, Euro can temporary go lower even with bad US news.
  • #35,197
  • Oct 12, 2007 5:24am Oct 12, 2007 5:24am
Quoting cesarnc
I don't think he will be that stupid. He embraced a strong cause. Was it for politics, demagogy or greed, I don't know. But he will surely profit from it (already is).

He can be the Man of the Century with this climate crisis matter.

Exchange this to a) fix the Iraq mess; b) fix the deficit mess; c) fix the environmental policy mess; d) fix the entire Bush era mess - for what ? VANITY???

He is the only person that actually stands for something and has a cause.
Plus he has the experiance and would make a great president IMO.
But being responsible for fixing the whole bush mess is probly why he is not running. Looks like we are going to be stuck with Hilary, another washington insider that talks shit to get in office then does the opposite of what she promised American politics

Okay back to cable

SHORT CABLE LONG
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  • #35,198
  • Oct 12, 2007 5:25am Oct 12, 2007 5:25am
bullish gartley/bat pattern forming on the daily.
Trade what you see, not what you think.
  • #35,199
  • Oct 12, 2007 5:27am Oct 12, 2007 5:27am
Quoting Big Wave Rider
American politics
you don't know the Brazilians LOL.......

Quote
SHORT CABLE LONG
http://www.animated-avatars.net/images/1.gif
  • #35,200
  • Oct 12, 2007 5:31am Oct 12, 2007 5:31am
Quoting karmostaji
bullish gartley/bat pattern forming on the daily.
I dont see that. Could you post a pic, Karmo?
.
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