Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#37,381
Oct 25, 2007 8:07am Oct 25, 2007 8:07am

madalin
| Joined Sep 2007 | Status: General | 155 Posts

Quoting frankiev2

Disliked

While everyone is fighting in here, maybe we could find some thoughts on Cable? Cable have been fighting all day on the tradingfloors, in the red corner the bears, and in the blue corner the bulls.. As it feels like right now we are at round 114 and the blue corner (bulls) may have a small advantage, will the bear present a final blow soon with a knockout or will bull win by pressing against 2.0553 later?

Ignored

Right uppercut from Bears, Bull shaky but continues, bull attacks but bear uses a right hook and dowwwwn goes the bulll. > BEARISH.

Risk Less in the next transaction after a Win.

#37,382
Oct 25, 2007 8:08am Oct 25, 2007 8:08am

TheBest
| Joined Feb 2007 | Status: Trader | 44 Posts

Ok, guys...short in GBP

USD opened at 2.0539!

TheBe$t

#37,383
Oct 25, 2007 8:12am Oct 25, 2007 8:12am

madalin
| Joined Sep 2007 | Status: General | 155 Posts

Quoting TheBest

Disliked

Ok, guys...short in GBPUSD opened at 2.0539!

Ignored

On what did you based you short ? The fact that it will bounce of the resitence?

Risk Less in the next transaction after a Win.

#37,384
Oct 25, 2007 8:12am Oct 25, 2007 8:12am

jest1081
Joined Sep 2006 | Status: Chasing Trends | 2,339 Posts

bennsol,

nice commentaries, i really liked the part where u said....

"The loonie don't want to end"

anyway, seeing very scant chance for a reversal from now...personally i think the bulls are perfectly inplace and 500 acts as a good pivot from now on. nice way to lead us up into the US session...

#37,385
Oct 25, 2007 8:12am Oct 25, 2007 8:12am

m_j_1984
| Joined Nov 2006 | Status: Trader | 96 Posts

Bullish or bearish ?

#37,386
Oct 25, 2007 8:16am Oct 25, 2007 8:16am

myles
| Joined Aug 2007 | Status: C.E.O. of Pips | 141 Posts

Quoting madalin

Disliked

Yes Scrat true, off topic but needed to respond and they are harassing me so dont threat me to report me as i dont give a damn, threat them.

Anyway i'm sorry for off topic.

Ignored

It takes two to make an argument, and no one can "harass" you til you give them your permission to do so!

To laugh, to learn, and to teach!

#37,387
Oct 25, 2007 8:16am Oct 25, 2007 8:16am

Ayham
| Joined Aug 2007 | Status: Trader | 65 Posts

Tell me what you all think so i can decide on the opposite.

#37,388
Oct 25, 2007 8:17am Oct 25, 2007 8:17am

Scrat
Joined Jan 2007 | Status: Trader | 3,719 Posts

i'm also short

. 2.0530 was my entry.

Quoting madalin

Disliked

On what did you based you short ? The fact that it will bounce of the resitence?

Ignored

Nihil Sine Deo.

#37,389
Oct 25, 2007 8:19am Oct 25, 2007 8:19am

madalin
| Joined Sep 2007 | Status: General | 155 Posts

1. No trendline clearly broken.
2. No clear movement up or down.
3. No real motive to go short or long unless you want to go on at chance which would be 50/50% not bad but better wait.

Risk Less in the next transaction after a Win.

#37,390
Oct 25, 2007 8:20am Oct 25, 2007 8:20am

madalin
| Joined Sep 2007 | Status: General | 155 Posts

Quoting myles

Disliked

It takes two to make an argument, and no one can "harass" you til you give them your permission to do so!

Ignored

Mate can't you see we are trying to stop this stupid discussion, please leave it be, when did you come up.

Risk Less in the next transaction after a Win.

#37,391
Oct 25, 2007 8:21am Oct 25, 2007 8:21am

frankiev2
| Joined Feb 2007 | Status: Trader | 178 Posts

Quoting madalin

Disliked

Right uppercut from Bears, Bull shaky but continues, bull attacks but bear uses a right hook and dowwwwn goes the bulll. > BEARISH.

Ignored

I'm caught Long after being screwed in a short earlier today, and when it turned i also flipped positions. Now it's going nowhere again after I missed the 2 second window above 2.0550

Have I nice close of the breakout in 4h.. just don't get it why they fight so hard today, it has been a pain today.

Will keep my longs for a while and wait..

#37,392
Oct 25, 2007 8:22am Oct 25, 2007 8:22am

TheBest
| Joined Feb 2007 | Status: Trader | 44 Posts

Quoting madalin

Disliked

On what did you based you short ? The fact that it will bounce of the resitence?

Ignored

Just my personal experience...beyond all words...the "pip suckers"

are in action...just see...

TheBe$t

#37,393
Oct 25, 2007 8:22am Oct 25, 2007 8:22am

fxtrendline
| Membership Revoked | Joined Aug 2007 | 69 Posts

Quoting m_j_1984

Disliked

Bullish or bearish ?

Ignored

For Cable now Bullish I think

{Promotion Removed}

#37,394
Oct 25, 2007 8:24am Oct 25, 2007 8:24am

madalin
| Joined Sep 2007 | Status: General | 155 Posts

Quoting frankiev2

Disliked

I'm caught Long after being screwed in a short earlier today, and when it turned i also flipped positions. Now it's going nowhere again after I missed the 2 second window above 2.0550

Have I nice close of the breakout in 4h.. just don't get it why they fight so hard today, it has been a pain today.

Will keep my longs for a while and wait..

Ignored

Yes, i prefer to miss 20-30 pips but see a clear trend. Standing and watching.

Risk Less in the next transaction after a Win.

#37,395
Oct 25, 2007 8:25am Oct 25, 2007 8:25am

myles
| Joined Aug 2007 | Status: C.E.O. of Pips | 141 Posts

Quoting madalin

Disliked

Mate can't you see we are trying to stop this stupid discussion, please leave it be, when did you come up.

Ignored

N C

To laugh, to learn, and to teach!

#37,396
Oct 25, 2007 8:28am Oct 25, 2007 8:28am

Ayham
| Joined Aug 2007 | Status: Trader | 65 Posts

I dont think cable would go up to 2.07ish until next week or later the fact is i think it would even go down to 2.0190 since the additional 500,000 barrel additional oil production by OPEC is gonna start in november 1st and currently they're thinking of increasing it to 1,000,000.

This news would be in advantage of the USD since they import oil and can drive the cable down heavily.

#37,397
Oct 25, 2007 8:29am Oct 25, 2007 8:29am