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Cable Update (GBPUSD)

  • #4,921
  • Jan 4, 2007 4:17am Jan 4, 2007 4:17am
GBPJPY just made a 1h pin bar into support. Just a heads up for anyone short GBPJPY. 1H isn't the strongest of anything, but if 100 pips weren't a good enough cue to take partial profit, this should be
Trust price. Know yourself.
  • #4,922
  • Jan 4, 2007 4:20am Jan 4, 2007 4:20am
heheh funny when i said like that but on the other side I join those who short the cable.anyway where ever the market fly,seek for the pips.yes let's clear this 9400.



Quoting cesarnc
Yet, I can't see how unbeliaveble that could be. Were you slightly considering seeing 9500 24 hour ago? Well we're now fighting to clear 9400, my friend... And 9350 is just behind this door
  • #4,923
  • Jan 4, 2007 4:21am Jan 4, 2007 4:21am
should we nominate Merlin to make the 5000 posts. Maybe the last 5
Quoting bundyraider
Woahh!!! :surprised

Is this going to be the first thread on FF to hit 5000 posts?!
  • #4,924
  • Jan 4, 2007 4:26am Jan 4, 2007 4:26am
not in my lifetime



Quoting Leugimp
What happens if GB adopts the euro. Is this a possibility in the near future?
TRADE FOR SWAP
  • #4,925
  • Jan 4, 2007 4:27am Jan 4, 2007 4:27am
Quoting obeewon
leugimp what do u mean?
Just wondering if anybody has been up on the debate for england to adopt the euro as their currency - every recent report I have read seems to imply that they do pass the "five tests". Just wondering if anyone is up on this and has any kind of theory on it. Sure would love to play some options on this.
Man who scratches ass should not bite fingernails
  • #4,926
  • Jan 4, 2007 4:28am Jan 4, 2007 4:28am
Do any of you know if the US ISM Non Manufacturing report later on will move the market at all?


Thanks
mama
  • #4,927
  • Jan 4, 2007 4:31am Jan 4, 2007 4:31am
Quoting Leugimp
What happens if GB adopts the euro. Is this a possibility in the near future?
I have many friends whose curency is the GBP and they will tell you that this will happen when pigs fly.
  • #4,928
  • Jan 4, 2007 4:33am Jan 4, 2007 4:33am
Quoting moonchild
I have many friends whose curency is the GBP and they will tell you that this will happen when pigs fly.
My ex was a flight attendant.
Man who scratches ass should not bite fingernails
  • #4,929
  • Jan 4, 2007 4:34am Jan 4, 2007 4:34am
Quoting Leugimp
My ex was a flight attendant.
  • #4,930
  • Jan 4, 2007 4:36am Jan 4, 2007 4:36am
EURUSD and USDCHF 2-3 pips from their highs/lows but cable almost 40....can someone tell the folks that the euro isn't THAT horrible a currency and that they can please push EURGBP back up and not down so far?
Thanks
Trust price. Know yourself.
  • #4,931
  • Jan 4, 2007 4:36am Jan 4, 2007 4:36am
Quoting Leugimp
What happens if GB adopts the euro. Is this a possibility in the near future?
It may happen but in a very distant future, there is a great tendency to stay independent here.
  • #4,932
  • Jan 4, 2007 4:39am Jan 4, 2007 4:39am
Quoting SeekingLight
GBPJPY just made a 1h pin bar into support. Just a heads up for anyone short GBPJPY. 1H isn't the strongest of anything, but if 100 pips weren't a good enough cue to take partial profit, this should be
I assumed that this was in response to the somewhat good PMI numbers which came out a little over an hour ago. The numbers were good but not that good so that I expected a quick boost up but that it would not last and that the prior trend would be reestablished.

We will just have to wait and see. I do think that this pair is drifting down again as is cable.
  • #4,933
  • Jan 4, 2007 4:40am Jan 4, 2007 4:40am
ok guys, this badboy is about to break to the upside, 9450 here we come.
Man who scratches ass should not bite fingernails
  • #4,934
  • Jan 4, 2007 4:44am Jan 4, 2007 4:44am
looks like up move will take some time to wind out first target 9455 then maybe 9475... then i think downturn will resume; still looking @ 9360-9315 and may be lower
  • #4,935
  • Jan 4, 2007 4:44am Jan 4, 2007 4:44am
im not an elliot guy, but this sure looks like a 5 wave down - ABC should bring us to 9500 - and then wave 3 of 3 down below 9300. Too much more movement south at this time would make wave 3 the smallest wave and that breaks the rules right?
Man who scratches ass should not bite fingernails
  • #4,936
  • Jan 4, 2007 4:49am Jan 4, 2007 4:49am
Just need to hit 9444 and we'll be off.
Man who scratches ass should not bite fingernails
  • #4,937
  • Jan 4, 2007 4:50am Jan 4, 2007 4:50am
Quoting Leugimp
im not an elliot guy, but this sure looks like a 5 wave down - ABC should bring us to 9500 - and then wave 3 of 3 down below 9300. Too much more movement south at this time would make wave 3 the smallest wave and that breaks the rules right?
I met Mr Elliot once. I gave him a quarter after he wiped the dead bugs off my windshield.http://www.forexfactory.com/forexfor...ons/icon10.gif
  • #4,938
  • Jan 4, 2007 4:55am Jan 4, 2007 4:55am
And to show the bigger pic of where that 15M hit its head against

Not saying this is now a 100% chance that we will go under 1.9400, but I think it's due in the short to medium term as the market "wants" it

But we will see. Looking too far ahead and hoping is deadly.
Attached Image
Trust price. Know yourself.
  • #4,939
  • Jan 4, 2007 5:02am Jan 4, 2007 5:02am
seeking i agree still think it will retrace a little but overall down down we go
  • #4,940
  • Jan 4, 2007 5:04am Jan 4, 2007 5:04am
i wouldnt be suprised if we get back to 1.9100...why?, 1.95 is broken, and we are still techn. in overbought teritory if looking on weekly or monthly charts, any retracement back to 1.9450 - 1.9500 is just a good oportunity for fresh shorts....or maybe we have reached the ground and the only way is up....who knows?
its just money
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