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Cable Update (GBPUSD)

  • #37,201
  • Oct 24, 2007 4:55pm Oct 24, 2007 4:55pm
Quoting Moe
man what a fuck up day, thats why i told you guys to stay the fuck out. there is nothing here this week.
What exactly was so f**ked up about it?
  • #37,202
  • Oct 24, 2007 5:00pm Oct 24, 2007 5:00pm
...in a daily chart we're still bearish...i'll reverse my position if cable went up to 0525.
  • #37,203
  • Oct 24, 2007 5:15pm Oct 24, 2007 5:15pm
Quoting Moe
man what a fuck up day, thats why i told you guys to stay the fuck out. there is nothing here this week.
... F-O-R--E-X .
  • #37,204
  • Oct 24, 2007 7:33pm Oct 24, 2007 7:33pm
GU is flatline... I need to take nap..
http://i134.photobucket.com/albums/q...r84/tintin.jpg
  • #37,205
  • Oct 24, 2007 9:35pm Oct 24, 2007 9:35pm
Quoting 30pips
...in a daily chart we're still bearish...i'll reverse my position if cable went up to 0525.
.
  • #37,206
  • Oct 24, 2007 10:15pm Oct 24, 2007 10:15pm
Hi all!!

Can anybody tell what they have for their Average daily pip range on this pair. I have an indicator here set at +2 GMT and I think it works on either the last 30 or 100days average. My Average Daily Range is 127pips and my Current Daily Range is 50pips.

Can someone please confirm or correct me please

thanks in advance
  • #37,207
  • Edited 10:40pm Oct 24, 2007 10:28pm | Edited 10:40pm
hey look, cable is still where i left it... it must be having a hangover from that monday party when it burped a couple of hundred pips, all at once.
Nihil Sine Deo.
  • #37,208
  • Oct 24, 2007 10:36pm Oct 24, 2007 10:36pm
Gbp/Usd

Update Chart :
Consolidation is here now , Tomorrow we will see......
---------------------------------------------------------
( Click on chart to enlarge )
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-10-25-2007-#1.gif Size: 30 KB
  • #37,209
  • Oct 24, 2007 10:41pm Oct 24, 2007 10:41pm
hmm, 0600? 0650? maybe..

EDIT - this is based on my crystal ball, so trade YOUR chart.
Trade what you see, not what you think.
  • #37,210
  • Oct 24, 2007 10:49pm Oct 24, 2007 10:49pm
Quoting karmostaji
hmm, 0600? 0650? maybe..
if you're saying that, im shorting it LOL
  • #37,211
  • Oct 24, 2007 10:51pm Oct 24, 2007 10:51pm
i'm just curious, how did you pick those numbers on your chart... i think you have too many.

Quoting marketwavez
Gbp/Usd

Update Chart :
Consolidation is here now , Tomorrow we will see......
---------------------------------------------------------
( Click on chart to enlarge )
Nihil Sine Deo.
  • #37,212
  • Oct 24, 2007 10:52pm Oct 24, 2007 10:52pm
Quoting buangcla
if you're saying that, im shorting it LOL
LOL the sentiment in here has been neutral since yesterday, so wait till we get some kind of sentiment in here.
Trade what you see, not what you think.
  • #37,213
  • Oct 24, 2007 10:53pm Oct 24, 2007 10:53pm
Sold Cable @ 2.0459
Target: 2.0359+spread
S/L: 2.0543+spread ( more patient traders better to stay for candle close above this level)
Positive Thinking
  • #37,214
  • Oct 24, 2007 10:54pm Oct 24, 2007 10:54pm
Quoting buangcla
if you're saying that, im shorting it LOL
watch the bearish sentiment build up in here, and then BOOM cable goes to 0600 and then we have people losing money.
Trade what you see, not what you think.
  • #37,215
  • Oct 24, 2007 10:56pm Oct 24, 2007 10:56pm
Quoting karmostaji
watch the bearish sentiment build up in here, and then BOOM cable goes to 0600 and then we have people losing money.
thanks for the caution, i'll keep an eye on it..
  • #37,216
  • Oct 24, 2007 10:58pm Oct 24, 2007 10:58pm
or maybe boom to 2.03.

Quoting karmostaji
watch the bearish sentiment build up in here, and then BOOM cable goes to 0600 and then we have people losing money.
Nihil Sine Deo.
  • #37,217
  • Oct 24, 2007 11:00pm Oct 24, 2007 11:00pm
Quoting Scrat
or maybe boom to 2.03.
It depends on the sentiment of this thread, so keep your eyes open.
Trade what you see, not what you think.
  • #37,218
  • Oct 24, 2007 11:02pm Oct 24, 2007 11:02pm
Since about 7pm to 10:20 pdt, cable has bounced up from 2.0470 at least 7 or 8 times. Around 9pm the bounce took it up into the 2.0480 range as it broke thru many prior resistance lines and it appeared it was on an uptrend again. Suddenly an hour later, it drops to 2.0456 in a blink of an eye. No news came out, no nothing. Just a sudden drop of 20+pips in a New York second. WHY? There has got to be 'forces' at play behind the scenes that are causing such unexpected wild, ups/downs to occur so frequently when such movements are not tied to some fundamental report or tech analysis. Can't you just picture something like a computer filled security tight enclave tucked deep under ground like NORAD in Colorado, with cigar smoking gillionaires (or gvts) are buying/selling gillions of dollars of currency causing this to happen so they become richer. That may not be as far fetched as it seems. Have a good nite all. And yeah..I do have a vivid imagination! lol
  • #37,219
  • Edited 11:33pm Oct 24, 2007 11:03pm | Edited 11:33pm
Gbp/Usd
( Daily Bars ) ..............
-------------------------------------
Click on chart to enlarge
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-10-25-2007-#2.gif Size: 23 KB
  • #37,220
  • Oct 24, 2007 11:08pm Oct 24, 2007 11:08pm
Quoting Scrat
i'm just curious, how did you pick those numbers on your chart... i think you have too many.
The numbers on the charts are base on The Elliott Waves
which is a trading method that was developed in the 1930's

It explains that markets psychology move in a series of 5 waves
and then they go into a correction phase .

- The numbers on the chart above were removed
so maybe you may better appreciate the chart ......

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