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Cable Update (GBPUSD)

  • #44,761
  • Dec 13, 2007 10:01am Dec 13, 2007 10:01am
Quoting FXdaily
I just arrived back with saddle but i see now its too late
lol, you have made a big day.
where are you planning to go now for christmas, china?

i just have made the money to buy some more pizzas
  • #44,762
  • Dec 13, 2007 10:01am Dec 13, 2007 10:01am
Quoting peterM
What reason do u have to go short?
that is why...i dun c any reason for that...hehehehe...well,better stay out of the danger...:
money is for living
  • #44,763
  • Dec 13, 2007 10:02am Dec 13, 2007 10:02am
Quoting mangZX7L
that is why...i dun c any reason for that...hehehehe...well,better stay out of the danger...:
If in doubt, stay out.. seems like you need to do some studying for a bit heh
  • #44,764
  • Dec 13, 2007 10:03am Dec 13, 2007 10:03am
Quoting peterM
What reason do u have to go short?
We actually have a few good reasons:


We had crappy GBP news....

We had good USD news...

US stock market is down so far...
"Lunch ? Lunch Is For Wimps !"
  • #44,765
  • Dec 13, 2007 10:05am Dec 13, 2007 10:05am
Hi Every Body

Pound Move Focus for Today and Last Day
According to Chart of Day
First of all last day pound facing résistance in the shape of Retrace which is move from 1.9886 to its high 2.1131, and 38% is 2.0447 and 50 % of same move is 2.0560 and same day 50days moving average is resist at 2.0566 last day pound make move and confirm these resistance level and come back to 2.0560 below to 50% retracing and 50 days moving average and keep in mind its also break 100 days moving average which is last day 2.0369. So its indicating us tomorrow it will sell because that upward move makes another top.
TODAY
Today pound is facing three main supports like first of all
1-2.0445 that is selling trend line which have been broken
2-2.0369 that is 100 days moving average
3-2.0340 That is neck line of double top formation and that is most important for pound to break it and make a long selling rally at here.
4-2.0308 that is strong 14 days LRI and that is also to much strong
Now we are focus on what is next? Looking to data’s window.
today announcement like House Price which is survey by RICS said house prices which is fall more then 1998 and CBI Industrial Trend Survey is also negative for pound , although Inflation Expectation rise but that data didn’t have any Bullish sentiment for BOE to rise interest rate because of that data will reduce the Spending power of Consumer and also last day data about the rising wages and Bounce is also fall from 4.1 to 4and forecast is 4.2 ,that is indicating peoples of UK will face more hard time here for spending due to reducing of Bounces and Wages and peoples of UK are already facing the Decline of housing prices, Financial crisis like northern Rock Plc which is serve the peoples since more then 140 years ,rising inflation and decline of homes values ,and retail sale is also declining all these data will shade the confidence of Consumer and UK economy already under pressure of Interest rate which is stood at 5.50 % more then USA 4.25 % and ECB 4% .
if keep in mind all these things I mean data’s then I can say that is point where pound will break the neck line of Double top and then pound will never care of any other support like 100 days moving average and 14 days LRI .and last day closing of Pound is indicating us pound conform resistance of 50% Retrenchment and 50 days Moving average Resist and other side pound complete its Double top formation and today will break here .
  • #44,766
  • Dec 13, 2007 10:06am Dec 13, 2007 10:06am
Quoting peterM
If in doubt, stay out.. seems like you need to do some studying for a bit heh
yup,im a newbie here...thats why i always like to learn from u guys...salute u all
money is for living
  • #44,767
  • Dec 13, 2007 10:15am Dec 13, 2007 10:15am
I hold my saddle for Friday then we get same ride NEWs time .
  • #44,768
  • Dec 13, 2007 10:19am Dec 13, 2007 10:19am
I could not get on this site for hours!!!!........
  • #44,769
  • Dec 13, 2007 10:27am Dec 13, 2007 10:27am
To Be carefully becos Cable LONG TERM Trend is still UP.
That was just NEWs affect.
  • #44,770
  • Dec 13, 2007 10:30am Dec 13, 2007 10:30am
It not the low for today, im afraid!!
  • #44,771
  • Dec 13, 2007 10:45am Dec 13, 2007 10:45am
Quoting AmeriTrini
It not the low for today, im afraid!!
lol, you are close to render your 1k title and still afraid?

dont be afraid, game with probabilities.
shorted. yesterday for +20.
now gu long 2.0350 @tp.2.0400, pretty close
euro is in our side putting lot of pressure on usd.
  • #44,772
  • Dec 13, 2007 10:48am Dec 13, 2007 10:48am
Quoting acidguy
lol, you are close to render your 1k title and still afraid?

dont be afraid, game with probabilities.
shorted. yesterday for +20.
now gu long 2.0350 @tp.2.0400, pretty close
euro is in our side putting lot of pressure on usd.
Today I am with AmeriTrini, I do not think it is the day for going long. At least untill QuicKSilver calls UP CABLE UP
  • #44,773
  • Dec 13, 2007 10:55am Dec 13, 2007 10:55am
Quoting JanPoko
Today I am with AmeriTrini, I do not think it is the day for going long. At least untill QuicKSilver calls UP CABLE UP

you are a brilliant individual!!!
  • #44,774
  • Dec 13, 2007 10:57am Dec 13, 2007 10:57am
Q wont be calling UP CABLE UP for a while!!!..........
  • #44,775
  • Dec 13, 2007 10:58am Dec 13, 2007 10:58am
Watch USD/CAD & AUD/USD
  • #44,776
  • Dec 13, 2007 11:05am Dec 13, 2007 11:05am
Quoting AmeriTrini
you are a brilliant individual!!!

i am so brilliant too :

yielded fast 50 pips in less than 30 minutes.
will review my trading history to see if this is not a record.
  • #44,777
  • Dec 13, 2007 11:10am Dec 13, 2007 11:10am
i am going with 390 stop loss 454 and thinking friday it will reach about 100 kind of thing dont follow me i have try small lot lets see
  • #44,778
  • Dec 13, 2007 11:13am Dec 13, 2007 11:13am
Quoting acidguy
i am so brilliant too :

yielded fast 50 pips in less than 30 minutes.
will review my trading history to see if this is not a record.
Yes, for the time being you were right. And BRILLIANT! Congratulations.
  • #44,779
  • Dec 13, 2007 11:14am Dec 13, 2007 11:14am
Quoting Designer1
i am going with 390 stop loss 454 and thinking friday it will reach about 100 kind of thing dont follow me i have try small lot lets see
Sorry the question..

But, why short now?
  • #44,780
  • Dec 13, 2007 11:17am Dec 13, 2007 11:17am
Quoting hellkkas
Sorry the question..

But, why short now?
dont follow me - i have not analises all things but i am going blindly this time
to see what happen friday

i am 50% sure for this
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