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Cable Update (GBPUSD)

  • #2,661
  • Dec 20, 2006 1:03am Dec 20, 2006 1:03am
Long....
Fly GBP, fly...

  • #2,662
  • Dec 20, 2006 1:17am Dec 20, 2006 1:17am
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
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
Quoting fxkenny
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.
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
Quoting 4x_Trader
If that will be the case that's a good price to be long with
Exactly my thoughts. Good luck
  • #2,666
  • Dec 20, 2006 1:54am Dec 20, 2006 1:54am
A rising wedge ? Could you show a picture of what your saying. New to some of this
Quoting fxkenny
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.
  • #2,667
  • Dec 20, 2006 1:59am Dec 20, 2006 1:59am
Big boys @ work!!!
  • #2,668
  • Dec 20, 2006 2:00am Dec 20, 2006 2:00am
What U Make Of This Downtrend In The Frankfurt Session?
mama
  • #2,669
  • Dec 20, 2006 2:01am Dec 20, 2006 2:01am
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
Quoting forexnovice
Big boys @ work!!!
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
Quoting goodthings
A rising wedge ? Could you show a picture of what your saying. New to some of this
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
Resembles something like this....
Quoting goodthings
A rising wedge ? Could you show a picture of what your saying. New to some of this
Attached Image
  • #2,673
  • Dec 20, 2006 2:21am Dec 20, 2006 2:21am
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
Quoting forexnovice
Resembles something like this....
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
whats the news supposed to do to this thing
  • #2,676
  • Dec 20, 2006 2:54am Dec 20, 2006 2:54am
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
Long cable @ 1.9720 stop & reverse @ 1.9669 targeting 1.9600.
  • #2,678
  • Dec 20, 2006 3:02am Dec 20, 2006 3:02am
Quoting 4x_Trader
Long cable @ 1.9720 stop & reverse @ 1.9669 targeting 1.9600.
Is it just me or anyone else having trouble understanding this?
  • #2,679
  • Dec 20, 2006 3:05am Dec 20, 2006 3:05am
Quoting yulvme
Is it just me or anyone else having trouble understanding this?
I understand what he is doing, just don't know for sure why.
  • #2,680
  • Dec 20, 2006 3:06am Dec 20, 2006 3:06am
he is saying to long cable at 9720 with a stop at 1.9669 and then reverse to a short instead and the take profit with the short would be 1.9600
Quoting yulvme
Is it just me or anyone else having trouble understanding this?
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