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Cable Update (GBPUSD)

  • #40,361
  • Nov 21, 2007 8:23am Nov 21, 2007 8:23am
i think still we need to wait to see cable up or down

if its up till 630 means it will go up to 700 to 800 thats for sure

and if its go down 550 - thats mean it will go down till 450 to 500
  • #40,362
  • Nov 21, 2007 8:23am Nov 21, 2007 8:23am
Quoting cesarnc
Yup... For today, futures -115 calling for 12.9k.

13K is one hard nut to crack and any attempt below, finds bottom fishers. Question is how far goes their patience
Depends on other factors. Where's oil, gold? Whats the spread on govvies?
Patience + Humility + Study = Success
  • #40,363
  • Nov 21, 2007 8:41am Nov 21, 2007 8:41am
cable will move up till 2.077 just see after 5hrs..eeee..if im wrong...:surprised...
be patient, self-belief and discipline... stay focus...
  • #40,364
  • Nov 21, 2007 8:47am Nov 21, 2007 8:47am
cable in normal rthym..eee have to wait...until get shoot by news....
be patient, self-belief and discipline... stay focus...
  • #40,365
  • Nov 21, 2007 8:56am Nov 21, 2007 8:56am
see...slowly go up...trust yourself.....inside...your heart..your feeling.........i love cable....cable....
be patient, self-belief and discipline... stay focus...
  • #40,366
  • Nov 21, 2007 9:00am Nov 21, 2007 9:00am
Quoting radit27
cable in normal rthym..eee have to wait...until get shoot by news....
I think quicksilver the only one who longs and the rest here are shorts.
I have no idea where the market goes. But looks to me, the market is short.
  • #40,367
  • Nov 21, 2007 9:08am Nov 21, 2007 9:08am
Quoting Qu|cksilver
As i said... i'm long all the way.. i won't turn back
all i can say is,
If I Go Broke Trying Then I Will die happy.
  • #40,368
  • Nov 21, 2007 9:13am Nov 21, 2007 9:13am
Quoting Moe
all i can say is,
Moe,

He's in the "Giving" part of the Thanksgiving Holiday
Patience + Humility + Study = Success
  • #40,369
  • Nov 21, 2007 9:16am Nov 21, 2007 9:16am
I am still long...long term, look at daily's then again. Forex about long term.....
  • #40,370
  • Nov 21, 2007 9:19am Nov 21, 2007 9:19am
say it cesarnc, is there any more chance that gj will drop to a lower price?
any comment is appreciated.
  • #40,371
  • Nov 21, 2007 9:22am Nov 21, 2007 9:22am
Quoting cesarnc
Man, Dow Jones is dangerously close to 2007's open.

Do you have an idea of what could happen if the world's most important stock index erases its yearly gains ?

Part on CFO's screwup, part on Bernanke's?

I bought the popcorn already.
Yo Cesarnc ! yes we are in for some real fun this winter...there is a conundrum in the UK with the business stats looking good but housing/credit punctured.

Perhaps it's the 'L' word - 'LAG'
I am waiting for a Big drop in stocks before I go in
Never mind this Florida sunshine - I am in the world corporate headquarters forex dealing room (back bedroom smells of cat wee) but I can't risk going out for popcorn

It's a race to the bottom with US winning so far - but what goes down must come up as the captain of the Kursk said.
  • #40,372
  • Nov 21, 2007 9:23am Nov 21, 2007 9:23am
hmm...after news...cable..slowly down..but..not much effect......wait for 4 hrs.. its will change fearly up.............or in my dream........but if yes..
be patient, self-belief and discipline... stay focus...
  • #40,373
  • Nov 21, 2007 9:25am Nov 21, 2007 9:25am
The turkeys are going to die in NYC tomorrow. No argument.

But they would be laughing their @sses off should they know what "stock tumbles" means

"Ok feed me alcohol, cut my thoat. I don't care. At least I wasn't long Citi"



Dow LAst -90
  • #40,374
  • Nov 21, 2007 9:25am Nov 21, 2007 9:25am
cesar,

Unless UJ breaks 108 I don't see any more downside for GJ and GU
Patience + Humility + Study = Success
  • #40,375
  • Nov 21, 2007 9:28am Nov 21, 2007 9:28am
Quoting DutchTrader
cesar,

Unless UJ breaks 108 I don't see any more downside for GJ and GU
I was about to say something along those lines DutchTrader. I think we will see more downside to the Gbp/Jpy fairly soon and with it, I think cable will drop as well.

On the gbp/jpy, I think we will get a retracement first before moving further down again.
I dream, therefore I become.
  • #40,376
  • Nov 21, 2007 9:29am Nov 21, 2007 9:29am
Quoting DutchTrader
Moe,

He's in the "Giving" part of the Thanksgiving Holiday
, you can only give so much, then bam i don't have no more to give.
If I Go Broke Trying Then I Will die happy.
  • #40,377
  • Nov 21, 2007 9:34am Nov 21, 2007 9:34am
to be honest i don't know where it's going, all i know is i made my pips for the weeks, s/l on my short at b/e, happy holidy's to all, good luck and happy trading.
If I Go Broke Trying Then I Will die happy.
  • #40,378
  • Nov 21, 2007 9:45am Nov 21, 2007 9:45am
yes thats true

all are short - but stilll need to wait i think if price cross 537 that is definate go down much
  • #40,379
  • Nov 21, 2007 9:47am Nov 21, 2007 9:47am
if not breakout at 2.0591..may be going down....if not breakout downward at 554 may be going up eee...lets see........be happy u all...lets...go shoping first...relax you mind.......breath in...and out..slowly.....close your eyes...
be patient, self-belief and discipline... stay focus...
  • #40,380
  • Nov 21, 2007 9:56am Nov 21, 2007 9:56am
I think if the daily closing anything even remotely like a piercing pattern (halfway through previous bar), we will see more downside movement tomorrow and the coming days. First area of support will be around 2.0380. I think we will see a reversal around that area, but if not then I look to see a test of 2.0250. This could take a while to play out, but overall this is my thought for the pound in the coming days. On the 4 hour chart we are immediately facing resistance based on my dynamic fib levels, so I think it will break to the downside to make a test of 2.0460 very soon. After this area, 2.0250 seems like it could be a shoe-in.
Attached Image(s) (click to enlarge)
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I dream, therefore I become.
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