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Cable Update (GBPUSD)

  • #39,901
  • Nov 16, 2007 5:24pm Nov 16, 2007 5:24pm
yeah, he was wrong. what he meant was 1.79, not 1.97.

Quoting cesarnc
:surprised



Nihil Sine Deo.
  • #39,902
  • Nov 16, 2007 6:02pm Nov 16, 2007 6:02pm
wow gbp trend change now aim to 2.0847...everything can happen on the way to 2.0847 )
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  • #39,903
  • Nov 16, 2007 6:07pm Nov 16, 2007 6:07pm
Quoting Scrat
yeah, he was wrong. what he meant was 1.79, not 1.97.
  • #39,904
  • Nov 16, 2007 6:09pm Nov 16, 2007 6:09pm
let's see if it breaks through 2.0570 area; if not, we'll see 2.0210.

Quoting fxtrendline
wow gbp trend change now aim to 2.0847...everything can happen on the way to 2.0847 )
Nihil Sine Deo.
  • #39,905
  • Nov 16, 2007 7:15pm Nov 16, 2007 7:15pm
Quoting Qu|cksilver
580 or maybe lower.
I didnt close my short.. keep it until next week. Maybe im going to close when market open on monday depends on how cable doing.

Have a nice weekend.
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,906
  • Nov 16, 2007 7:31pm Nov 16, 2007 7:31pm
Quoting McDonald
oh shit.. another long?
good luck.
443 pips on friday..
Attached Image (click to enlarge)
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"Invest With The Insiders, Not The Masses" George Muzea
  • #39,907
  • Nov 16, 2007 9:29pm Nov 16, 2007 9:29pm
2.0405 (The daily .50) to about 2.0350 (The current daily TL) are critical areas to determine if the uptrend is to continue, I have several orders in long today as I scaled in off the daily .50. If the daily TL breaks I will start shorting, until then this is a daily correction in my opinion.

With the fundamentals that came out recently starting to agree with these technical supports, I believe we could see a nice move back to the top if not beyond.
The basis of a democratic state is liberty. ~ Aristotle
  • #39,908
  • Edited Nov 17, 2007 3:19am Nov 16, 2007 11:36pm | Edited Nov 17, 2007 3:19am
Quoting Vensik
2.0405 (The daily .50) to about 2.0350 (The current daily TL) are critical areas to determine if the uptrend is to continue, I have several orders in long today as I scaled in off the daily .50. If the daily TL breaks I will start shorting, until then this is a daily correction in my opinion.

With the fundamentals that came out recently starting to agree with these technical supports, I believe we could see a nice move back to the top if not beyond.
Maybe 2.13 - 2.14 comming... thats what i see. OR back to 2.0000
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"Invest With The Insiders, Not The Masses" George Muzea
  • #39,909
  • Nov 17, 2007 7:38pm Nov 17, 2007 7:38pm
Quoting Qu|cksilver
Maybe 2.13 - 2.14 comming... thats what i see. OR back to 2.0000
i guess we are going down again back to 2.0-1.99
just my 2 cents.
  • #39,910
  • Nov 18, 2007 6:45am Nov 18, 2007 6:45am
ok back to business after reading some guy turn 1k into 120k in a week getting over 12,000%, im looking for pound to have an down up,and up down week, don't think it's gonna be like last year thankgiving week, let the week begin.
If I Go Broke Trying Then I Will die happy.
  • #39,911
  • Nov 18, 2007 6:53am Nov 18, 2007 6:53am
it might be possible, yes. here's my scenario:
- if it breaks 2.0570 area tomorrow, then this is finally a retracement on h4 - which can go to 2.0851 or maybe higher
- if not, the next levels to watch for a possible reversal are 2.0227 and 1.9997.

Quoting McDonald
i guess we are going down again back to 2.0-1.99
just my 2 cents.
Nihil Sine Deo.
  • #39,912
  • Edited 8:55am Nov 18, 2007 8:09am | Edited 8:55am
Cable is rising again however i think strong resistance coming firstly at 2.0585 then 20.620 and then 2.0740 breaking this will confirm an up trend again. i believe more likely cable will rise.

support levels are believe to be 2.320 and then 2.0131. [very storng]

coming week i can not see to many important news events from USD and cable itself. this is a confirmation of rising cable for me.
please comments.
member
  • #39,913
  • Nov 18, 2007 8:34am Nov 18, 2007 8:34am
i'm just curious, how did you come up with 2.40?

Quoting bigmanin
Cable is rising again however i think strong resistance coming firstly at 2.0585 then 20.620 and then 2.0740 breaking this will confirm an up trend again. i believe more likely cable will rise.

support levels are believe to be 2.320 and then 2.0131. [very storng]

coming week i can not see to many important news events from USD and cable itself. this is a confirmation of rising cable for me.
Note:
investor should only buy and target 2.40 no very long time left in it.

please comments.
Nihil Sine Deo.
  • #39,914
  • Nov 18, 2007 8:55am Nov 18, 2007 8:55am
Quoting Scrat
i'm just curious, how did you come up with 2.40?
Hi Scrat, I am sorry i will not be able to explain this time how i worked out 2.40. I will be editing my post. however i will be giving reason coming days
please ignore this line of my post.
regards
member
  • #39,915
  • Nov 18, 2007 9:47am Nov 18, 2007 9:47am
Quoting Moe
ok back to business after reading some guy turn 1k into 120k in a week getting over 12,000%, im looking for pound to have an down up,and up down week, don't think it's gonna be like last year thankgiving week, let the week begin.
Patience + Humility + Study = Success
  • #39,916
  • Nov 18, 2007 9:49am Nov 18, 2007 9:49am
Greenspan Says Dollar's Decline Has No `Fundamental' Impact

Greenspan Says Dollar's Decline Has No `Fundamental' Impact

By Anthony Massucci

Nov. 18 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said the dollar's decline hasn't affected the economy and is a ``market phenomenon.''

``So long as the dollar weakness does not create inflation, which is a major concern around the globe for everyone who watches the exchange rate, then I think it's a market phenomenon, which aside from those who travel the world, has no real fundamental economic consequences,'' he said.

See more: Greenspan Says Dollar's Decline Has No `Fundamental' Impact
  • #39,917
  • Edited 10:10am Nov 18, 2007 9:56am | Edited 10:10am
Quoting BRForex
Greenspan Says Dollar's Decline Has No `Fundamental' Impact

Greenspan Says Dollar's Decline Has No `Fundamental' Impact

By Anthony Massucci

Nov. 18 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said the dollar's decline hasn't affected the economy and is a ``market phenomenon.''

``So long as the dollar weakness does not create inflation, which is a major concern around the globe for everyone who watches the exchange rate, then I think it's a market phenomenon, which aside from those who travel the world, has no real fundamental economic consequences,'' he said.

See more: Greenspan Says Dollar's Decline Has No `Fundamental' Impact
, I wonder if the Former Fed Chairman has been following global markets. The Kuwaiti's de-pegged their currency due to the weak $ which was fueling inflation and the oil rich GCC is talking about also de-peggig their currencies from the $ as inflation is creating problems for them as well. Make's you think.
Humble Lifetime Member
  • #39,918
  • Nov 18, 2007 10:01am Nov 18, 2007 10:01am
make me thank the world no longer rely on u.s.d. for shit.
If I Go Broke Trying Then I Will die happy.
  • #39,919
  • Nov 18, 2007 10:06am Nov 18, 2007 10:06am
Another from "Top Stories"
Gulf States Mull Revaluing Currencies, Person Says

Gulf States Mull Revaluing Currencies, Person Says (Update1)

By Matthew Brown and Anchalee Worrachate

Nov. 18 (Bloomberg) -- Gulf states, including Saudi Arabia and the United Arab Emirates, may revalue their currencies while maintaining their pegs to the U.S. dollar, a person familiar with Saudi monetary policy said.

The states may revalue by an unspecified amount in as soon as a month's time, the person, who declined to be identified because the matter is confidential, said yesterday. No final decision has been made, he said. The comments came as heads of state of the Organization of Petroleum Exporting Countries met in Riyadh.

Gulf states face record inflation, caused partly by the weakening dollar that has made imports from Europe more expensive. Consumer prices rose a record 4.9 percent in Saudi Arabia in August and inflation in the United Arab Emirates accelerated to a record 9.3 percent last year. Qatar has the highest inflation rate in the region, reaching 14.8 percent in the first quarter.

``It makes sense for them to do it,'' said Jens Nordvig, senior global markets economist at Goldman Sachs Group Inc. in New York. ``Given the emerging inflation pressures, there are very good reasons for them to allow currency appreciation.''

The decline in the value of the dollar is a ``concern'' to OPEC members, Qatari Energy Minister Abdullah Al-Attiyah said after a meeting of OPEC oil, finance and energy ministers in Riyadh on Nov. 16.

See Full news: Gulf States Mull Revaluing Currencies, Person Says
  • #39,920
  • Nov 18, 2007 10:08am Nov 18, 2007 10:08am
Quoting Moe
make me thank the world no longer rely on u.s.d. for shit.
Truth
Patience + Humility + Study = Success
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