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Cable Update (GBPUSD)

  • #39,341
  • Nov 11, 2007 3:32am Nov 11, 2007 3:32am
Quoting lowseng
heading south from 9.30am. Oil pricing giving USD a break.
Down 50 pips right? Ok, going down further. Watch out for the PPI Input m/m on GBP come monday. Will support at just 900!!
  • #39,342
  • Nov 11, 2007 10:33am Nov 11, 2007 10:33am
WOW !!! 1:30 pm here in Florida and the market already started moving !!!
For he that would be deceived, let him.
  • #39,343
  • Nov 11, 2007 10:50am Nov 11, 2007 10:50am
Quoting Zoran
I'm looking for a small retrace on cable back to 2.0970/80 and then a continuation down to target around 2.0665.
I'm with you on this Zoran. I am looking for this retracement to go until around 2.07. After that, I think we will get a reversal to the upside again. If that happens, my target is going to be 2.1 again.
I dream, therefore I become.
  • #39,344
  • Nov 11, 2007 11:55am Nov 11, 2007 11:55am
Quoting pinchapip
WOW !!! 1:30 pm here in Florida and the market already started moving !!!
moving to where?...........hope down , cause i open short from friday.....
I Deeply Love My Virtual Life In Virtual World , RLC
  • #39,345
  • Nov 11, 2007 1:06pm Nov 11, 2007 1:06pm
GU opened with a massive 50 pips gap down.
Perhaps following the USDJPY selloff..
  • #39,346
  • Nov 11, 2007 2:12pm Nov 11, 2007 2:12pm
It is dropping like it's hot guys !!!!!!!!!!!
"Lunch ? Lunch Is For Wimps !"
  • #39,347
  • Nov 11, 2007 2:13pm Nov 11, 2007 2:13pm
i think that low target is 20366, which is 61.80 retrac., but i think it can go as low as 2.01xyz,...ofcourse i expect 1 retracement at 2.0600-666...i think this movement is preety much the same as june-july movement and i expect it to move as such...lets see
its just money
  • #39,348
  • Nov 11, 2007 2:15pm Nov 11, 2007 2:15pm
damn look at that, there is something wrong here.
If I Go Broke Trying Then I Will die happy.
  • #39,349
  • Nov 11, 2007 2:16pm Nov 11, 2007 2:16pm
Quoting Moe
damn look at that, there is something wrong here.
wrong ????? are you kidding me ? this is christmas !!!!!!!!!!!!
"Lunch ? Lunch Is For Wimps !"
  • #39,350
  • Nov 11, 2007 2:17pm Nov 11, 2007 2:17pm
cable trying to get under 2 before the end of the year, this could be the end of cable rein.
If I Go Broke Trying Then I Will die happy.
  • #39,351
  • Nov 11, 2007 2:18pm Nov 11, 2007 2:18pm
Quoting MrFuture
wrong ????? are you kidding me ? this is christmas !!!!!!!!!!!!
no or you kidding me? lol
If I Go Broke Trying Then I Will die happy.
  • #39,352
  • Nov 11, 2007 2:20pm Nov 11, 2007 2:20pm
downtrend 2008
If I Go Broke Trying Then I Will die happy.
  • #39,353
  • Nov 11, 2007 2:20pm Nov 11, 2007 2:20pm
Quoting Moe
no or you kidding me? lol
...let's just say that for once I was on the right side of the trade
"Lunch ? Lunch Is For Wimps !"
  • #39,354
  • Nov 11, 2007 2:22pm Nov 11, 2007 2:22pm
Cable's going down under, as are all the high yielders. Hello recession.
Patience + Humility + Study = Success
  • #39,355
  • Nov 11, 2007 2:23pm Nov 11, 2007 2:23pm
Quoting MrFuture
...let's just say that for once I was on the right side of the trade
i here you. more pips for you and lots more to come.
If I Go Broke Trying Then I Will die happy.
  • #39,356
  • Nov 11, 2007 2:25pm Nov 11, 2007 2:25pm
Well that is one hell of a gap to fill... !!! I might be in trouble here... The day hasn't even started and we're already down 100 pips !!!
  • #39,357
  • Nov 11, 2007 2:26pm Nov 11, 2007 2:26pm
I really wonder what is going on....scary stuff
"Lunch ? Lunch Is For Wimps !"
  • #39,358
  • Nov 11, 2007 2:30pm Nov 11, 2007 2:30pm
Imvho we're experiencing a chart breakdown, ala the selloff in the beginning of the year. This is when techs really become meaningless and you have to trade the mass psychology.
Patience + Humility + Study = Success
  • #39,359
  • Nov 11, 2007 2:39pm Nov 11, 2007 2:39pm
well, it is a busy week for the GBP...red news everyday....
"Lunch ? Lunch Is For Wimps !"
  • #39,360
  • Nov 11, 2007 3:11pm Nov 11, 2007 3:11pm
Seeking,

Chart breakdown meaning technical analysis is meaningless and its either panic buying/selling. Such as after 9/11, but if you want to quibble with that then go ahead. Whatever.
Patience + Humility + Study = Success
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