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Cable Update (GBPUSD)

  • #38,661
  • Nov 5, 2007 5:51pm Nov 5, 2007 5:51pm
Quoting cesarnc
Cable is being above and bumping the H4 20EMA since the quick visit below on that crazy Monday. And today it stopped and sit like a pig right on it.

That's what I'm watching.

In case of a correction, I won't bet in anything too much below the D1 62EMA, now at 0400 - unless something powerful to the dollar cause kicks in.
Actually, some pretty nice bottoms are forming now, GU is nicest. EU is more rugged formations - less rounded/sexy on H4 than GU, but I think Tokyo will see some buying inboth. I have a VERY tight SL on the lows.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #38,662
  • Nov 5, 2007 5:55pm Nov 5, 2007 5:55pm
S-L-O-W-L-Y climbing the wall of worry.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-11-5-07.jpg Size: 199 KB
Is your SL my TP?
  • #38,663
  • Nov 5, 2007 5:57pm Nov 5, 2007 5:57pm
Quoting cesarnc
Cable is being above and bumping the H4 20EMA since the quick visit below on that crazy Monday. And today it stopped and sit like a pig right on it.

That's what I'm watching.

In case of a correction, I won't bet in anything too much below the D1 62EMA, now at 0400 - unless something powerful to the dollar cause kicks in.

that's right long term bullish still remain ....yearly range now 1700 pips ...for gbp average is 2000 pips ...current price now near yearly high...only God knows
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  • #38,664
  • Nov 5, 2007 6:01pm Nov 5, 2007 6:01pm
Quoting buangcla
Quoting gmos
my early today's analysis :-
http://elliottwavesignal.com/images/...USD-051107.jpg

Look like 2.0800 is a strong support for now..will it be a valid fractal for next entry?hurm..
nice chart, im glad it's not gigantic, nice analysis
thanks,still 2.0800 is a though support ..seem like market building a momentum rite now..
  • #38,665
  • Nov 5, 2007 6:48pm Nov 5, 2007 6:48pm
Quoting Scrat
i seriously think we should open a g-chf thread, i made a lot of pips lately with this pair.
I second that. GBP/CHF has been my second line of work for the past few days. I think that I may quit my daytime job (GU, GY) and focus on GC.
Humble Lifetime Member
  • #38,666
  • Nov 5, 2007 6:50pm Nov 5, 2007 6:50pm
Quoting cesarnc
USDCHF is barely moving for the last several H4.

Even USDCADzilla is not moving... Forget about trading today
Yeah, USD/CAD is pretty slow, but EUR/CAD is pretty fast moving. Double the pips in the same amount of time it takes UC to move a
Humble Lifetime Member
  • #38,667
  • Nov 6, 2007 12:29am Nov 6, 2007 12:29am
Good Day
  • #38,668
  • Nov 6, 2007 12:31am Nov 6, 2007 12:31am
Hi all,

seems that cable can't break the resistance at 2.0853 IF break im going long..
"Invest With The Insiders, Not The Masses" George Muzea
  • #38,669
  • Nov 6, 2007 1:04am Nov 6, 2007 1:04am
"Invest With The Insiders, Not The Masses" George Muzea
  • #38,670
  • Nov 6, 2007 1:05am Nov 6, 2007 1:05am
Quoting Qu|cksilver
Hi all,

seems that cable can't break the resistance at 2.0853 IF break im going long..
Why do you say that ??

The treand is clearly upwards and there is no news today so the trend (bearish move) is gonna prevail.

I think it will reach 2.1030 at least within the next week or 10 working days.

But that's my opinion.
  • #38,671
  • Nov 6, 2007 1:10am Nov 6, 2007 1:10am
Quoting Ayham
Why do you say that ??

The treand is clearly upwards and there is no news today so the trend (bearish move) is gonna prevail.

I think it will reach 2.1030 at least within the next week or 10 working days.

But that's my opinion.
never heard that saying in forex before ( 10 working days ) i look for cable to hit 900 here, im looking to get out at 900 going long above that is to risky
If I Go Broke Trying Then I Will die happy.
  • #38,672
  • Nov 6, 2007 1:11am Nov 6, 2007 1:11am
Quoting Ayham
Why do you say that ??

The treand is clearly upwards and there is no news today so the trend (bearish move) is gonna prevail.

I think it will reach 2.1030 at least within the next week or 10 working days.

But that's my opinion.

2.0853 is very strong resistance and the price just bouce that line. From my view we are heading to below 2.0780 (maybe)

Maybe i will go long tomorrow..
"Invest With The Insiders, Not The Masses" George Muzea
  • #38,673
  • Nov 6, 2007 1:13am Nov 6, 2007 1:13am
cable should be done trading at these levels...im expecting a peakish retest (or something near) and a concerted corrective action to 400ish levels
  • #38,674
  • Nov 6, 2007 1:19am Nov 6, 2007 1:19am
The chart look like Head & Shoulder
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 10 KB
"Invest With The Insiders, Not The Masses" George Muzea
  • #38,675
  • Nov 6, 2007 1:49am Nov 6, 2007 1:49am
Quoting Ayham
Why do you say that ??

The treand is clearly upwards and there is no news today so the trend (bearish move) is gonna prevail.

I think it will reach 2.1030 at least within the next week or 10 working days.

But that's my opinion.
Soros Jr ????
For he that would be deceived, let him.
  • #38,676
  • Nov 6, 2007 1:54am Nov 6, 2007 1:54am
hit my SL!!
"Invest With The Insiders, Not The Masses" George Muzea
  • #38,677
  • Nov 6, 2007 2:03am Nov 6, 2007 2:03am
Quoting Qu|cksilver
The chart look like Head & Shoulder
http://i92.photobucket.com/albums/l3...nShoulders.jpg
Head and Shoullders
  • #38,678
  • Nov 6, 2007 2:04am Nov 6, 2007 2:04am
i went short again at 0875 with 30pip SL
"Invest With The Insiders, Not The Masses" George Muzea
  • #38,679
  • Nov 6, 2007 2:06am Nov 6, 2007 2:06am
Quoting Qu|cksilver
hit my SL!!
Ouch, that is gonna hurt , so tell me how do you feel now?

  • #38,680
  • Nov 6, 2007 2:06am Nov 6, 2007 2:06am
Quoting buangcla
Head and Shoullders
"Invest With The Insiders, Not The Masses" George Muzea
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