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Cable Update (GBPUSD)

  • #3,001
  • Dec 22, 2006 3:13am Dec 22, 2006 3:13am
Still hasn't broken upper trend line or resistence line
Attached Image
  • #3,002
  • Dec 22, 2006 3:13am Dec 22, 2006 3:13am
Wow, 3000 posts on this thread already! I am going long on the Cable Update (GBPUSD) thread. It is sure to go up to at least 4000 by the end of Jan.

  • #3,003
  • Dec 22, 2006 3:13am Dec 22, 2006 3:13am
Hi!
Cable has made a bullish engulfing candle on 1h, then hit a descending TL from the prior 2 tops. Pushed it down 20 pips, but not enough to get past the engulfer yet.
Action today is fast and fatal but general bias is short dollar on the majors at the moment. Nippy is excluded from the fun as that's currently being levered by the crosses.

Kiwi and Aussie already higher than yesterday's high. Gold up a small bit.
Ranging, whipping, crying. An early long from yesterdays low (had a 1H pin bar after the 61.8% bounce) would have saved a lot of headache, I should have taken it.

Just my current perspective.

Regards,

SeekingLight
Trust price. Know yourself.
  • #3,004
  • Dec 22, 2006 3:15am Dec 22, 2006 3:15am
Quoting darnell
Wow, 3000 posts on this thread already! I am going long on the Cable Update (GBPUSD) thread. It is sure to go up to at least 4000 by the end of Jan.


"Invest With The Insiders, Not The Masses" George Muzea
  • #3,005
  • Dec 22, 2006 3:16am Dec 22, 2006 3:16am
Guys, i want to say thank you all your cable traders here, i'm not professional in TA, and i'm just following this thread, keep up the good work, Great thread
  • #3,006
  • Dec 22, 2006 3:16am Dec 22, 2006 3:16am
Yap.Thx to you for start this thread.next year will be more active i guess. new year,new business,new pips,new wife,old pc,old system..errr.in a few hour to go we'll holiday here.what the heck iam sad about? stay cool folks



Quoting Qu|cksilver
WOW... i just realize 3000 post!?!? heheh will see 6000 post next year..
  • #3,007
  • Dec 22, 2006 3:17am Dec 22, 2006 3:17am
It's just me then.

Quoting goodthings
Still hasn't broken upper trend line or resistence line
  • #3,008
  • Dec 22, 2006 3:21am Dec 22, 2006 3:21am
Remember this question on the 1st post? If only I had bet on this you think what joy I have now before Xmas
Quoting Qu|cksilver
Hi,
Does anyone agree cable may go up to 1.9050 area? or will continue bearish when the market open on monday?
  • #3,009
  • Dec 22, 2006 3:22am Dec 22, 2006 3:22am
Many Thanks to eveyone.

Hope to see more members in future sharing their ideas, suggestion and etc.

I wish you all ...

"MARRY CHRISMAS & HAPPY NEW YEAR"

"Invest With The Insiders, Not The Masses" George Muzea
  • #3,010
  • Dec 22, 2006 3:22am Dec 22, 2006 3:22am
Quoting goodthings
Still hasn't broken upper trend line or resistence line

what is the price to be broken on upper trend line - is that 19660?
mama
  • #3,011
  • Dec 22, 2006 3:25am Dec 22, 2006 3:25am
Quoting Mama007
what is the price to be broken on upper trend line - is that 19660?
About that yes...
  • #3,012
  • Dec 22, 2006 3:26am Dec 22, 2006 3:26am
Quoting Mama007
what is the price to be broken on upper trend line - is that 19660?

See here....the higher one is coming down from the original high back when...before this correction.
Attached Image
Trust price. Know yourself.
  • #3,013
  • Dec 22, 2006 3:27am Dec 22, 2006 3:27am
Take a look at this chart and see the trend

http://i143.photobucket.com/albums/r...y/181e3b0f.gif
  • #3,014
  • Dec 22, 2006 3:27am Dec 22, 2006 3:27am
QS has a penchant for creating popular threads...hehe. Why not do a GBPJPY thread Bro? heheee
  • #3,015
  • Dec 22, 2006 3:29am Dec 22, 2006 3:29am
Quoting jest1081
QS has a penchant for creting popular posts...hehe. Why not do a GBPJPY thread Bro heheee?
Hhehhe.. because majority traders trade cable
"Invest With The Insiders, Not The Masses" George Muzea
  • #3,016
  • Dec 22, 2006 3:32am Dec 22, 2006 3:32am
And also Cable/Usd can give or lose you more money thank any currency pairs out there.
  • #3,017
  • Dec 22, 2006 3:32am Dec 22, 2006 3:32am
Quoting Qu|cksilver
Hhehhe.. because majority traders trade cable
I think someone can create another thread for YEN Update and GBP/JPY Update..

Jest you make one... GBP/JPY
"Invest With The Insiders, Not The Masses" George Muzea
  • #3,018
  • Dec 22, 2006 3:34am Dec 22, 2006 3:34am
You can see on my daily in 9772 but needs to go atleast 10 to 15 pips beyond that
Quoting Mama007
what is the price to be broken on upper trend line - is that 19660?
Attached Image
  • #3,019
  • Dec 22, 2006 3:35am Dec 22, 2006 3:35am
I stand corrected 9672 not 9772
  • #3,020
  • Dec 22, 2006 3:36am Dec 22, 2006 3:36am
Quoting goodthings
You can see on my daily in 9772 but needs to go atleast 10 to 15 pips beyond that
9772?? its too far...
"Invest With The Insiders, Not The Masses" George Muzea
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