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Cable Update (GBPUSD)

  • #37,801
  • Oct 29, 2007 6:50pm Oct 29, 2007 6:50pm
Quoting marketwavez
This is a 10 year chart
Gbp/Usd
( Weekly bars)
-------------------------------------
-If you believe that oil is going to $100 a barrel then the
British Pound should push its through this upper blue resistance line

Price is in a massive Rising Channel Formation !

-------------------------------------------------------
5 CLEAR WAVES IN PROGRESS
--------------------------------------
( Double click on chart to enlarge )
Yep
.
  • #37,802
  • Oct 29, 2007 6:53pm Oct 29, 2007 6:53pm
Quoting Moe
went long at 2.0607 t/p 2.0750 s/l 2.0507

What made you go and do something stupid like that

I'm looking to add to my longs as soon as I see this retracement is over
EU, AU, AJ, EJ, CJ
Not touching cable until it breaks 2.065
Just Trade It
  • #37,803
  • Oct 29, 2007 6:56pm Oct 29, 2007 6:56pm
Quoting southtrader
Hello my friends. Does anybody believe in a retracement from were we are ?
yupss small retracement to 2.0571 again for a while before 2.0700...

remember that gbp is petro currency
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  • #37,804
  • Oct 29, 2007 7:00pm Oct 29, 2007 7:00pm
Quoting Big Wave Rider
What made you go and do something stupid like that

I'm looking to add to my longs as soon as I see this retracement is over
EU, AU, AJ, EJ, CJ
Not touching cable until it breaks 2.065
lmao, trade what you know bwr, long or short
If I Go Broke Trying Then I Will die happy.
  • #37,805
  • Oct 29, 2007 7:02pm Oct 29, 2007 7:02pm
0650 is going down tomorrow like built in sand.

As goes 1.45, $100 oil $800 gold.
  • #37,806
  • Oct 29, 2007 7:12pm Oct 29, 2007 7:12pm
Quoting bravado
http://www.forexfactory.com/attachme...9&d=1187791231

goal after goal. pips after pips. profits after profit.

bravado.
a pro.


Need some insiration to hold on to my longs
Bravado would be proud
Just Trade It
  • #37,807
  • Oct 29, 2007 7:16pm Oct 29, 2007 7:16pm
Quoting bravado
http://www.forexfactory.com/attachme...8&d=1187791231




i am GUARANTEED at MINIMUM 4000+ pips should my trades head the other direction.

4000+ pips MINIMUM for this week.

bravado.
a pro.


I miss those posts
Just Trade It
  • #37,808
  • Oct 29, 2007 7:17pm Oct 29, 2007 7:17pm
Quoting cesarnc
0650 is going down tomorrow like built in sand.

As goes 1.45, $100 oil $800 gold.
more like quicksand
If I Go Broke Trying Then I Will die happy.
  • #37,809
  • Oct 29, 2007 7:19pm Oct 29, 2007 7:19pm
Considering interet rate decisions... this may be a good choice... I think I will wait though to make my trade just before the announcment... assume rates get cut... go long with a pretty tight STOP

Quoting Moe
went long at 2.0607 t/p 2.0750 s/l 2.0507
  • #37,810
  • Oct 29, 2007 7:23pm Oct 29, 2007 7:23pm
Quoting Moe
lmao, trade what you know bwr, long or short

That was a joke Moe
Just Trade It
  • #37,811
  • Oct 29, 2007 7:29pm Oct 29, 2007 7:29pm
Quoting Big Wave Rider
That was a joke Moe
no problem.
If I Go Broke Trying Then I Will die happy.
  • #37,812
  • Oct 29, 2007 7:58pm Oct 29, 2007 7:58pm
..i'll go short if cable cross 0575
  • #37,813
  • Oct 29, 2007 8:10pm Oct 29, 2007 8:10pm
Quoting OrionsWay
Looks as good a place as any to try a short
0635 SL just over the daily hi target Lord only knows

stop @ BE letter ride, should be good for the week me thinking
"Millionaires don't use astrology, billionaires do"
  • #37,814
  • Oct 29, 2007 8:23pm Oct 29, 2007 8:23pm
@Bravado's posts. Where is that dude?
Patience + Humility + Study = Success
  • #37,815
  • Oct 29, 2007 9:48pm Oct 29, 2007 9:48pm
just an observation from a serious noob. i am watching the gu pinging on july's high. does it look like it's gonna call that a top and start headin south? or bust on through?. any thoughts on that?
  • #37,816
  • Oct 29, 2007 9:56pm Oct 29, 2007 9:56pm
Quoting msgruss
just an observation from a serious noob. i am watching the gu pinging on july's high. does it look like it's gonna call that a top and start headin south? or bust on through?. any thoughts on that?
We're a little confused right now, please call later

Seriously, tops/bottoms usually only hold when there is no strong bias and no nearby heavy fundies to give new bias. Currently dollar is looking ugly and GBP just had good data. Will speculators who are looking at the previous top and shorting beat everyone else who is, for example, looking at US interest rate cuts and therefore going long? No idea. Watch the price action on a reasonable timeframe. Trade what you see. These are difficult days.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #37,817
  • Oct 29, 2007 10:10pm Oct 29, 2007 10:10pm
yeah. very confusing indeed. 5minunte chart is showing what looks like a penant starting to for and daily is showin a peak. guess that's the best thing is just to watch for a while. thanks much
  • #37,818
  • Oct 29, 2007 10:41pm Oct 29, 2007 10:41pm
no cut >> markets fall hard
.25 cut >> markets fall coz it's priced
.5 cut >> surprise and markets rally

anyone agree on this

  • #37,819
  • Oct 29, 2007 10:48pm Oct 29, 2007 10:48pm
Quoting benssol
no cut >> markets fall hard
.25 cut >> markets fall coz it's priced
.5 cut >> surprise and markets rally

anyone agree on this

I don't know too much about Fundies, but from what I've seen in the past and in my viewpoint, if we would get a .25 cut that's already priced in, the price doesn't really get affected much other than the initial shock. What do you think?
I dream, therefore I become.
  • #37,820
  • Oct 29, 2007 11:19pm Oct 29, 2007 11:19pm
Quoting mike w
I don't know too much about Fundies, but from what I've seen in the past and in my viewpoint, if we would get a .25 cut that's already priced in, the price doesn't really get affected much other than the initial shock. What do you think?
me too, I'm not a fundis guru
so I asking people who understand it

but
others compare this year to 1998

there was sep .25 cut
then oct .25 cut
then nov .25 cut

and now look at the historical 98 chart

everywhere they saying it's dollar buying time

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