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Cable Update (GBPUSD)

  • #43,521
  • Dec 6, 2007 10:56pm Dec 6, 2007 10:56pm
Quoting AmeriTrini
down cable down!!
..easy trade tonight? it can go up for while but finally is DOWN!
  • #43,522
  • Dec 6, 2007 11:27pm Dec 6, 2007 11:27pm
Quoting AmeriTrini
down cable down!!

up cable up...
"Invest With The Insiders, Not The Masses" George Muzea
  • #43,523
  • Dec 6, 2007 11:28pm Dec 6, 2007 11:28pm
Quoting 30pips
..easy trade tonight? it can go up for while but finally is DOWN!
maybe a reversal at 8:30am est with the release of nfp.
  • #43,524
  • Dec 6, 2007 11:32pm Dec 6, 2007 11:32pm
.......but down for now.
  • #43,525
  • Dec 6, 2007 11:33pm Dec 6, 2007 11:33pm
Quoting AmeriTrini
maybe a reversal at 8:30am est with the release of nfp.

2.0231/30 is the bottom.. its not time for sell..

Buy that dip..

"Invest With The Insiders, Not The Masses" George Muzea
  • #43,526
  • Dec 6, 2007 11:41pm Dec 6, 2007 11:41pm
Quoting Qu|cksilver
up cable up...
tonight? no way!
  • #43,527
  • Dec 6, 2007 11:57pm Dec 6, 2007 11:57pm
Quoting Qu|cksilver
2.0231/30 is the bottom.. its not time for sell..

Buy that dip..

YOU ARE 100% CORRECT!!!! How do you know that is the bottom?
I missed that price. Can i buy now??
  • #43,528
  • Dec 7, 2007 12:03am Dec 7, 2007 12:03am
Quoting McDonald
YOU ARE 100% CORRECT!!!! How do you know that is the bottom?
I missed that price. Can i buy now??
it only moved 13 pips since then, DONT BUY!!!!.......
  • #43,529
  • Dec 7, 2007 12:13am Dec 7, 2007 12:13am
agree.. dun buy yet... i'm waiting for some signal from the heavens to tell me wat to do next ... it's been raining non-stop for 2 days here so dat tells me to stay out of it till next week.. better go zzzzzzzzz .. for now.. : see u guys next week... good luck
  • #43,530
  • Dec 7, 2007 12:18am Dec 7, 2007 12:18am
Quoting AmeriTrini
it only moved 13 pips since then, DONT BUY!!!!.......
13 pips?? cable move up 23 pips!!! OPEN YOUR EYES!!!!
  • #43,531
  • Dec 7, 2007 1:08am Dec 7, 2007 1:08am
Any prediction for nfp tonight? mostly SELL I think?
  • #43,532
  • Dec 7, 2007 1:36am Dec 7, 2007 1:36am
In case of a surprisingly positive NFP I expect cable to spike down briefly -to 2.0195-2.0205, in the extreme case 2.0165.

After that only up - this will be the final bounce off the lower trendline.
Target - conjested area between 2.05-2.07

Fed rate cut next week will be the game for the speculators.
"Luxury is one of the basic needs", (c), Don Corleone
  • #43,533
  • Dec 7, 2007 1:46am Dec 7, 2007 1:46am
How many hours and FED out?
  • #43,534
  • Dec 7, 2007 1:54am Dec 7, 2007 1:54am
I am short my target is 2.0100
  • #43,535
  • Dec 7, 2007 1:55am Dec 7, 2007 1:55am
So who is long?? Cable is just temporaily stalling on a fibo and the 200 ema.
If this is a bottom then I need to see a closed bull candle to prove it, until then I am still short.
Attached Image (click to enlarge)
Click to Enlarge Name: charts.gif Size: 17 KB
Just Trade It
  • #43,536
  • Dec 7, 2007 2:24am Dec 7, 2007 2:24am
and the chf and yen technicals show that there is more bullishness for the usd, so it is a confirmation that the gbp will dive further to somewhere between 0 and 100. be ready for the show in case
  • #43,537
  • Dec 7, 2007 2:25am Dec 7, 2007 2:25am
Long GU Long!!!!
"Invest With The Insiders, Not The Masses" George Muzea
  • #43,538
  • Dec 7, 2007 2:40am Dec 7, 2007 2:40am
If we wach these NEW's :8:30am USDNonfarm Employment Change 75K166K
8:30am USDUnemployment Rate 4.8%4.7%
8:30am USDAverage Hourly Earnings m/m 0.3%0.2%
10:00am USDConsumer Sentiment (p) 75.076.1

Than i can say Cable ends today ~2.01 area
  • #43,539
  • Dec 7, 2007 2:40am Dec 7, 2007 2:40am
QS i am still in downside

could you pls screenshot and attached here

but Downride now already on - 265 arround target but downside is ON!!!!!!!!!!
  • #43,540
  • Dec 7, 2007 2:47am Dec 7, 2007 2:47am
Quoting Designer1
QS i am still in downside

could you pls screenshot and attached here

but Downride now already on - 265 arround target but downside is ON!!!!!!!!!!
Bad bad ! SHORT IS NO GOOD!
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