Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#2,661
Dec 20, 2006 1:03am Dec 20, 2006 1:03am

sebytim
| Joined Nov 2006 | Status: Me, myself and the TREND | 243 Posts

Long....
Fly GBP, fly...

#2,662
Dec 20, 2006 1:17am Dec 20, 2006 1:17am

Qwiktrader
| Joined Dec 2006 | Status: Trader | 109 Posts

Gotta love how the mofos tank it on us just like that!!!!! Give us a run like last night!

If you can't produce some results and make some serious PIPS, YOU'RE FIRED!

#2,663
Dec 20, 2006 1:29am Dec 20, 2006 1:29am

fxkenny
| Joined Sep 2006 | Status: "Full Time PIP Collector" | 115 Posts

For information only. Don't trade off my observations please !! I see the GBP/USD coming out the bottom of a rising wedge. Target would be about 9680. Just something to check out folks.

#2,664
Dec 20, 2006 1:43am Dec 20, 2006 1:43am

4x_Trader
Joined Dec 2006 | Status: Is the market a FRIENDLY place to U | 639 Posts

Quoting fxkenny

Disliked

For information only. Don't trade off my observations please !! I see the GBP/USD coming out the bottom of a rising wedge. Target would be about 9680. Just something to check out folks.

Ignored

If that will be the case that's a good price to be long with

#2,665
Dec 20, 2006 1:45am Dec 20, 2006 1:45am

fxkenny
| Joined Sep 2006 | Status: "Full Time PIP Collector" | 115 Posts

Quoting 4x_Trader

Disliked

If that will be the case that's a good price to be long with

Ignored

Exactly my thoughts. Good luck

#2,666
Dec 20, 2006 1:54am Dec 20, 2006 1:54am

goodthings
Joined Aug 2006 | Status: Trader | 1,852 Posts

A rising wedge ? Could you show a picture of what your saying. New to some of this

Quoting fxkenny

Disliked

For information only. Don't trade off my observations please !! I see the GBP/USD coming out the bottom of a rising wedge. Target would be about 9680. Just something to check out folks.

Ignored

#2,667
Dec 20, 2006 1:59am Dec 20, 2006 1:59am

forexnovice
| Joined Nov 2006 | Status: Seeking Light | 1,059 Posts

Big boys @ work!!!

#2,668
Dec 20, 2006 2:00am Dec 20, 2006 2:00am

Mama007
| Joined Oct 2006 | Status: MAMA007 | 176 Posts

What U Make Of This Downtrend In The Frankfurt Session?

mama

#2,669
Dec 20, 2006 2:01am Dec 20, 2006 2:01am

sundra
| Joined Mar 2006 | Status: Trader | 10 Posts

well guys...

i have feeling that cable will move down for moment because overbought and will shoot up in afternoon session...

wat u guys think??

#2,670
Dec 20, 2006 2:03am Dec 20, 2006 2:03am

4x_Trader
Joined Dec 2006 | Status: Is the market a FRIENDLY place to U | 639 Posts

Quoting forexnovice

Disliked

Big boys @ work!!!

Ignored

Yup they give us an opportunity to get a better price in order for us to ride in the next wave!

#2,671
Dec 20, 2006 2:03am Dec 20, 2006 2:03am

fxkenny
| Joined Sep 2006 | Status: "Full Time PIP Collector" | 115 Posts

Quoting goodthings

Disliked

A rising wedge ? Could you show a picture of what your saying. New to some of this

Ignored

Sorry, Goodthings. I run my charts on an independent system and cannot (really don't know how!!) link them to the computer running this forum. Rising wedge is just a basic tech analysis pattern that is pretty reliable. Google it or check it out on one of the tech threads. Ken

#2,672
Dec 20, 2006 2:16am Dec 20, 2006 2:16am

forexnovice
| Joined Nov 2006 | Status: Seeking Light | 1,059 Posts

Resembles something like this....

Quoting goodthings

Disliked

A rising wedge ? Could you show a picture of what your saying. New to some of this

Ignored

Attached Image

#2,673
Dec 20, 2006 2:21am Dec 20, 2006 2:21am

4x_Trader
Joined Dec 2006 | Status: Is the market a FRIENDLY place to U | 639 Posts

Cable heading towards north once again let us ride in the tune of the market!

#2,674
Dec 20, 2006 2:28am Dec 20, 2006 2:28am

fxkenny
| Joined Sep 2006 | Status: "Full Time PIP Collector" | 115 Posts

Quoting forexnovice

Disliked

Resembles something like this....

Ignored

Thanks forexnovice. I think that pattern played out @ 9688. Now in wait mode to see where we go from here.

#2,675
Dec 20, 2006 2:29am Dec 20, 2006 2:29am

Gateway
| Joined Dec 2006 | Status: Trader | 10 Posts

whats the news supposed to do to this thing

#2,676
Dec 20, 2006 2:54am Dec 20, 2006 2:54am

yulvme
| Joined Nov 2006 | Status: Trader | 129 Posts

FYI:
European open High: 1.9745

European close Low: 1.9691

I personally would Short it if it goes to 1.9681 and ride it toward 1.9602
Or the other way if it pass through 1.9755 ride it toward 1.9835

It's just for thought based on the "V" from frankfurt open to london open:
Please don't take this as a signal , use ur own judgement.

#2,677
Dec 20, 2006 2:59am Dec 20, 2006 2:59am