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Cable Update (GBPUSD)

  • #44,521
  • Dec 12, 2007 6:23pm Dec 12, 2007 6:23pm
Quoting Bigvick991
I'm out with small profit, I don't think it's going anywhere...
....you chicken out,trade & trust your system!
  • #44,522
  • Dec 12, 2007 6:46pm Dec 12, 2007 6:46pm
the cable will meet its doom, soon............
  • #44,523
  • Dec 12, 2007 6:53pm Dec 12, 2007 6:53pm
doom, meaning you think the cable will go down?
whats the chart basis for this?
  • #44,524
  • Dec 12, 2007 6:58pm Dec 12, 2007 6:58pm
Quoting Shigawire
doom, meaning you think the cable will go down?
whats the chart basis for this?
looking at them...........
  • #44,525
  • Dec 12, 2007 7:35pm Dec 12, 2007 7:35pm
Cable is going down for now, but not lower than 2.0390 - 2.0400
"Luxury is one of the basic needs", (c), Don Corleone
  • #44,526
  • Dec 12, 2007 7:52pm Dec 12, 2007 7:52pm
Quoting Firstboss
Cable is going down for now, but not lower than 2.0390 - 2.0400
so dont you think that the inflation numbers from the US will put any pressure on the cable to go down?
  • #44,527
  • Dec 12, 2007 7:53pm Dec 12, 2007 7:53pm
Quoting Firstboss
Cable is going down for now, but not lower than 2.0390 - 2.0400
may i ask u why? tq
  • #44,528
  • Dec 12, 2007 8:25pm Dec 12, 2007 8:25pm
Down cable down....
"Invest With The Insiders, Not The Masses" George Muzea
  • #44,529
  • Edited 8:30pm Dec 12, 2007 8:29pm | Edited 8:30pm
Quoting AmeriTrini
so dont you think that the inflation numbers from the US will put any pressure on the cable to go down?
At this point US inflation will be increasing due to expensive energy and weak dollar, and Fed's hands are tied between inflation pressure and morgage / liquidity problems. So, increased inflation reading won't help dollar a lot. I expect up-trend to form aroung the news time.

Sengkuang, the downtrend I mentioned is based on the indicators of the trading system I use. As long as it doesn't go above the 2.0462 pivot point it will keep looking down. 2.0390 is the weeklypivot point which will provide strong resistance.
"Luxury is one of the basic needs", (c), Don Corleone
  • #44,530
  • Dec 12, 2007 8:39pm Dec 12, 2007 8:39pm
In my opinion, shorting GBP is a little risky right now - if only for 10-20 pips.
The down pressure isn't strong enough, and market is too slow to talk about trend
"Luxury is one of the basic needs", (c), Don Corleone
  • #44,531
  • Dec 12, 2007 8:45pm Dec 12, 2007 8:45pm
looks like Cable's found support during the last couple of hours

heading higher now
change the future, not the past
  • #44,532
  • Dec 12, 2007 8:50pm Dec 12, 2007 8:50pm
Quoting Firstboss
At this point US inflation will be increasing due to expensive energy and weak dollar, and Fed's hands are tied between inflation pressure and morgage / liquidity problems. So, increased inflation reading won't help dollar a lot. I expect up-trend to form aroung the news time.

Sengkuang, the downtrend I mentioned is based on the indicators of the trading system I use. As long as it doesn't go above the 2.0462 pivot point it will keep looking down. 2.0390 is the weeklypivot point which will provide strong resistance.
a bum off the street will tell me that increased pressure (which will happen!!!!) on inflation will make the fed think about leaving interest rates where they are, in the extreme case they will raise. the cable will go down big time, because interest rates is what moves this market!!!!!!!!
  • #44,533
  • Dec 12, 2007 8:51pm Dec 12, 2007 8:51pm
today gonna be strong move downwards..
"Invest With The Insiders, Not The Masses" George Muzea
  • #44,534
  • Dec 12, 2007 8:52pm Dec 12, 2007 8:52pm
Quoting 137
looks like Cable's found support during the last couple of hours

heading higher now

not too much higher, this is for you to setup for a short!!! you cant take a couple of hours of readings seriously!!! look at the long term trend or else you are a kenny roger's wanna be!!!!!!!!!!!!
  • #44,535
  • Dec 12, 2007 8:52pm Dec 12, 2007 8:52pm
Quoting 137
looks like Cable's found support during the last couple of hours

heading higher now
2.0368 is holding it, might be stuck here for a while before liquidity builds up for the uptrend
"Luxury is one of the basic needs", (c), Don Corleone
  • #44,536
  • Dec 12, 2007 8:53pm Dec 12, 2007 8:53pm
Quoting Qu|cksilver
today gonna be strong move downwards..

yes Q, you are correct!!! let them think what they want, they will learn!! by FORCE!!
  • #44,537
  • Dec 12, 2007 8:54pm Dec 12, 2007 8:54pm
Quoting AmeriTrini
a bum off the street will tell me that increased pressure (which will happen!!!!) on inflation will make the fed think about leaving interest rates where they are, in the extreme case they will raise. the cable will go down big time, because interest rates is what moves this market!!!!!!!!
That's the fun part - they can think all they want, but they can't raise the rates and kill the banking lobby
"Luxury is one of the basic needs", (c), Don Corleone
  • #44,538
  • Dec 12, 2007 8:54pm Dec 12, 2007 8:54pm
Quoting AmeriTrini
yes Q, you are correct!!! let them think what they want, they will learn!! by FORCE!!
sell from top..
"Invest With The Insiders, Not The Masses" George Muzea
  • #44,539
  • Dec 12, 2007 8:55pm Dec 12, 2007 8:55pm
Quoting Firstboss
That's the fun part - they can think all they want, but they can't raise the rates and kill the banking lobby
inflation is a bigger problem that growth!!! with inflation, people cant buy stuff, with slow growth, they buy but just not as much.
  • #44,540
  • Dec 12, 2007 8:56pm Dec 12, 2007 8:56pm
Short 2.0466, target - 20 pips
"Luxury is one of the basic needs", (c), Don Corleone
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