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Cable Update (GBPUSD)

  • #4,481
  • Jan 3, 2007 3:28am Jan 3, 2007 3:28am
any news on construction PMI?
Man who scratches ass should not bite fingernails
  • #4,482
  • Jan 3, 2007 3:28am Jan 3, 2007 3:28am
just sold pound at 1.9709
If I Go Broke Trying Then I Will die happy.
  • #4,483
  • Jan 3, 2007 3:33am Jan 3, 2007 3:33am
I guess alot of fib buys at this level, once all cleared out we should move lower, perhaps compounding down with all of the stops, this may get violent and clear yesterdays gap prior to the US release.
Man who scratches ass should not bite fingernails
  • #4,484
  • Jan 3, 2007 3:33am Jan 3, 2007 3:33am
9683 is a good number. I just say that based on that it is 68 pips from the days high (what appears to be the days high) and when it moved that far last year it only reversed the trend 20 times of the 261 days. So percentages are in our favour it will continue down. Obviously I am in short when I say our favour.
  • #4,485
  • Jan 3, 2007 3:35am Jan 3, 2007 3:35am
I'm in... one lot, just to be in the game... Ah whatta hell, I'm needing some adrenalin here too
  • #4,486
  • Jan 3, 2007 3:35am Jan 3, 2007 3:35am
Quoting goodthings
9683 is a good number. I just say that based on that it is 68 pips from the days high (what appears to be the days high) and when it moved that far last year it only reversed the trend 20 times of the 261 days. So percentages are in our favour it will continue down. Obviously I am in short when I say our favour.
good info.
Man who scratches ass should not bite fingernails
  • #4,487
  • Jan 3, 2007 3:37am Jan 3, 2007 3:37am
As expected pit stop at 61.8% (9698) reached..now hope it gets to 78.6% for refueling..:
  • #4,488
  • Jan 3, 2007 3:40am Jan 3, 2007 3:40am
Quoting samuel84
As expected pit stop at 61.8% (9703) reached..now hope it gets to 78.6% for refueling..:
Refueling and up or refueling and down?
  • #4,489
  • Jan 3, 2007 3:43am Jan 3, 2007 3:43am
Quoting cesarnc
Refueling and up or refueling and down?
Thats the tricky part, to me its still heading south, but cross looking at gbp/yen, doesnt seem to look too good...usd/yen at critical point too at 119.14/20..so im waiting to see how this hour closes...
  • #4,490
  • Jan 3, 2007 3:53am Jan 3, 2007 3:53am
Quoting Moe
just sold pound at 1.9709
Coolies, me too

Targetting 38.2% of the big swing, expecting some s/r at 1.9660...
if it goes though it should go...we will see.
Need to get some shopping done, someone tell the bank of china to buy back some dollars, thanks
Trust price. Know yourself.
  • #4,491
  • Jan 3, 2007 4:03am Jan 3, 2007 4:03am
hello everyone

just joined and wanted to post that i agree also think gbp will go to 9655 and hopfully that should hold
  • #4,492
  • Jan 3, 2007 4:08am Jan 3, 2007 4:08am
took partial profits at 9694 for 16 pips. lets see if this badboy has the juice to push below 80 now.
Man who scratches ass should not bite fingernails
  • #4,493
  • Jan 3, 2007 4:08am Jan 3, 2007 4:08am
Hello,

From my point of view GBP/USD will go south.
Some resistance will be at 1.9664- 1.9667 - we have there a 50% retracement from the yesterday's low to the yesterday's high, a weekly pivot ( R1 ) and also some old highs.

We will see.

Good hunting.

Quoting SeekingLight
Coolies, me too

Targetting 38.2% of the big swing, expecting some s/r at 1.9660...
if it goes though it should go...we will see.
Need to get some shopping done, someone tell the bank of china to buy back some dollars, thanks
  • #4,494
  • Jan 3, 2007 4:12am Jan 3, 2007 4:12am
Nice pull down ... Gosh, it is good to see market gaining volume

Closed @ 9665 with +30pips. Let's see what will come out of the 60s...
  • #4,495
  • Jan 3, 2007 4:14am Jan 3, 2007 4:14am
should run into res around this level 9670-9660
  • #4,496
  • Jan 3, 2007 4:14am Jan 3, 2007 4:14am
As predicted, we are now forcing the resistance.
But the force is with us....to the south



Quoting cesarnc
Nice pull down ... Gosh, it is good to see market gaining volume
  • #4,497
  • Jan 3, 2007 4:14am Jan 3, 2007 4:14am
that was fast, took some more profit at 9669 for 41 pips, will let rest ride for free.
Man who scratches ass should not bite fingernails
  • #4,498
  • Jan 3, 2007 4:14am Jan 3, 2007 4:14am
i mean support
  • #4,499
  • Jan 3, 2007 4:14am Jan 3, 2007 4:14am
Quoting cesarnc
Nice pull down ... Gosh, it is good to see market gaining volume
was short just before it started
Thanks, Damian Burrowes
  • #4,500
  • Jan 3, 2007 4:15am Jan 3, 2007 4:15am
Wow!
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