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Cable Update (GBPUSD)

  • #39,301
  • Nov 9, 2007 7:49am Nov 9, 2007 7:49am
C'mon crazy friday.......... downnnnnnnnnnnn

give me back my money...................
I Deeply Love My Virtual Life In Virtual World , RLC
  • #39,302
  • Nov 9, 2007 8:07am Nov 9, 2007 8:07am
So who is the guest celebrity today?
Just Trade It
  • #39,303
  • Nov 9, 2007 8:09am Nov 9, 2007 8:09am
Quoting pachinko
My observation, the nearest SHORT target now 2.0936 (+/-)..
I'll wait the cable test this price first before considering a LONG move..
Worst case scenario may hit 2.0797 (2.0800)..
Just my prediction..
Cable still not success to BREAK 2.0936 (+/-).
And my M5 target 2.0981 hit already ..
If cable can Break 2.0986 may be back to 2.100 ++
Just my 2 cents...
  • #39,304
  • Nov 9, 2007 8:16am Nov 9, 2007 8:16am
Pretty easy day to trade huh?

G/U short cause trade balance, 2.1bi pound subsc., Friday, Profit Taking, Bernanke yesterday....

USD/CAD long - New resources of oil discovered in Brazil causing people taking profit of they Oil long, also because it's friday and they would take profit anyway.

EUR/GBP - Even after the trade balance everyone could take at least 20 pips profit.

AUD/JPY - AUD is the weakest major cy and JPY is getting stronger cause markets are weakening and some balances in stocks next week and also because the trend is forming a reversal.

These were the trades i took today, hope you all did well.

Good weekend for all of you

PS: Today was one of the best trading day to me, and this week was THE best trading week.
No Brain, no Gain.
  • #39,305
  • Nov 9, 2007 8:20am Nov 9, 2007 8:20am
meanwhile............
Attached Image
For he that would be deceived, let him.
  • #39,306
  • Nov 9, 2007 8:25am Nov 9, 2007 8:25am
This is looking to be a fear feed friday. Fannie May reporting billion dollar losses.
Just Trade It
  • #39,307
  • Nov 9, 2007 8:30am Nov 9, 2007 8:30am
BUY PETROBRAS guys !!!!!
For he that would be deceived, let him.
  • #39,308
  • Nov 9, 2007 8:31am Nov 9, 2007 8:31am
Ding Ding Ding

Bring The Fear Baby Bring The Fear
Just Trade It
  • #39,309
  • Nov 9, 2007 8:33am Nov 9, 2007 8:33am
Quoting Tmac
its done for now
your right, i closed my position, i took my signal a little pre-emptively!!!! Lucky for me this time i got away with it :O
  • #39,310
  • Nov 9, 2007 8:34am Nov 9, 2007 8:34am
My next target, 2.1034 , 2.1050..
Seem BEAR look a little bit weak to me...
  • #39,311
  • Nov 9, 2007 8:35am Nov 9, 2007 8:35am
Quoting pinchapip
BUY PETROBRAS guys !!!!!
I have some shares of PETR4 since 01/07 and it is up 88%!!

Yesterday - almost 9% up, Today NOW 8,7% up

My christmans is gona be goood LOL
No Brain, no Gain.
  • #39,312
  • Nov 9, 2007 8:47am Nov 9, 2007 8:47am
I think i'm going to moved my tp to somewhere 2.0780
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 15 KB
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,313
  • Nov 9, 2007 10:24am Nov 9, 2007 10:24am
Cable waterfall
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.gif Size: 238 KB
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,314
  • Nov 9, 2007 10:26am Nov 9, 2007 10:26am
Just touch the support at 2.0900.. see what happen next.
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,315
  • Nov 9, 2007 10:36am Nov 9, 2007 10:36am
I'll say that lows are in for now (both cable and guppy). This is not a trading recommendation though. More action next week.

2.0670 is next but a retrace first.
  • #39,316
  • Nov 9, 2007 10:39am Nov 9, 2007 10:39am
you bet. i'm gonna load more on next week, on top of the retracements. both for cable and guppy.

Quoting Zoran
I'll say that lows are in for now (both cable and guppy). This is not a trading recommendation though. More action next week.

2.0670 is next but a retrace first.
Nihil Sine Deo.
  • #39,317
  • Nov 9, 2007 12:02pm Nov 9, 2007 12:02pm
Quoting Zoran
I'll say that lows are in for now (both cable and guppy). This is not a trading recommendation though. More action next week.

2.0670 is next but a retrace first.
I think cable must finish the short-term downtrend by today. Next week back to long..
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,318
  • Nov 9, 2007 12:09pm Nov 9, 2007 12:09pm
nah...it is way too overpriced now, plus most recent US news are coming out positive...this thing is going down big time...
"Lunch ? Lunch Is For Wimps !"
  • #39,319
  • Nov 9, 2007 12:28pm Nov 9, 2007 12:28pm
slowly testing the 900 wall....if it breaks it....BOOM !!!!!!!!
"Lunch ? Lunch Is For Wimps !"
  • #39,320
  • Nov 9, 2007 12:31pm Nov 9, 2007 12:31pm
Quoting MrFuture
slowly testing the 900 wall....if it breaks it....BOOM !!!!!!!!
its broken already...
"Invest With The Insiders, Not The Masses" George Muzea
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