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Cable Update (GBPUSD)

  • #4,961
  • Jan 4, 2007 8:28am Jan 4, 2007 8:28am
Quoting c1ro
So u are so optimist that the upcoming data will be good for US?
Yes I am. Estimates are FAR higher than previous months(mfg and homes) and even if they come in a bit under estimates I still think it favors the dollar
  • #4,962
  • Jan 4, 2007 8:30am Jan 4, 2007 8:30am
looking 2 go long after a dip to 9340-50 . 9338 is the 38.2 fib on my daily chart. Currently short @9429 SL 9475 TP 9360.
  • #4,963
  • Jan 4, 2007 8:38am Jan 4, 2007 8:38am
Quoting Pickensrulz
Yes I am. Estimates are FAR higher than previous months(mfg and homes) and even if they come in a bit under estimates I still think it favors the dollar
You are aware my name is not Carnac and I am not psychic right? Please make your own trading decisions as it is your $$$. thanks
  • #4,964
  • Jan 4, 2007 8:46am Jan 4, 2007 8:46am
fixme called for some 9300 number i cant remember what it was tho. Anyone remeber?
What do we see short with technicals, anyone?
Ghost Swoopen in for my pips while no one is lookin !!
  • #4,965
  • Jan 4, 2007 8:52am Jan 4, 2007 8:52am
9335-40 target, 38.2fib
  • #4,966
  • Jan 4, 2007 8:53am Jan 4, 2007 8:53am
Today is Jan 4th. I have reason to believe it is an excellent time to go short on the GBP/USD and that this pair will go down for the next several months. There are hundreds of PIPS to made on the short side in my opinion.

1000 traders looking at the market see 1000 different things. A few see the right things that make profit. Generally, I focus on trend following as opposed to predicting and find that to be the most reliable way to trade. Predictive tools are just for anticipating certain turns in order to get in sooner.
  • #4,967
  • Jan 4, 2007 8:55am Jan 4, 2007 8:55am
news will rise the gbp I beleive
trading on demo is not trading
  • #4,968
  • Jan 4, 2007 8:56am Jan 4, 2007 8:56am
Quoting Ghostpipper
fixme called for some 9300 number i cant remember what it was tho. Anyone remeber?
What do we see short with technicals, anyone?
9332 is what I have.
  • #4,969
  • Jan 4, 2007 8:56am Jan 4, 2007 8:56am
Hi, I’m new here. I’ve been watching the thread for a while. There are lots of constructive comments going on here.

<o> </o>

I’m short on 2 positions at the moment, 1 from yesterday. I believe the price is likely to go down but I’m a bit confused.

<o> </o>

I have positive divergence all over my hour chart indicators and what looks like an ascending triangle, yet the price still hasn’t gone up much more. I guess everyone is waiting for the news.
Follow the money. Follow the money. Follow the money.
  • #4,970
  • Jan 4, 2007 9:06am Jan 4, 2007 9:06am
USD negative news and nothing happened... If this is not a message ....
  • #4,971
  • Jan 4, 2007 9:12am Jan 4, 2007 9:12am
Quoting cesarnc
USD negative news and nothing happened... If this is not a message ....
we just had a 24pip move up
  • #4,972
  • Jan 4, 2007 9:13am Jan 4, 2007 9:13am
Good prediction.....currently short is 2 pips frm SL @ 9475...lets see what happens
Quoting enzo2325
news will rise the gbp I beleive
  • #4,973
  • Jan 4, 2007 9:13am Jan 4, 2007 9:13am
Quoting Tatton
we just had a 24pip move up
Bounced right off the 14
Ghost Swoopen in for my pips while no one is lookin !!
  • #4,974
  • Jan 4, 2007 9:17am Jan 4, 2007 9:17am
Quoting Ghostpipper
Bounced right off the 14
down we go boys and girls just like yesterdays ADP hopefully
Ghost Swoopen in for my pips while no one is lookin !!
  • #4,975
  • Jan 4, 2007 9:32am Jan 4, 2007 9:32am
Quoting Goose007
Hi, I’m new here. I’ve been watching the thread for a while. There are lots of constructive comments going on here.

I have positive divergence all over my hour chart indicators and what looks like an ascending triangle, yet the price still hasn’t gone up much more. I guess everyone is waiting for the news.
Hello 007, Yes you are right this is probably one of the best forum, lot of constructive comments, and what's more no whinging and negative posts. so it's not how many members you have but the quality of the posts. So keep it up FF -

The other forum I started using recently is fx-forum.net, some great live trades by couple of guys. One guy, barry is putting on live trades as it happens and last 2 days has made 500 pips! - been following him, and must say very educational. seeing is beileving, virtually most trades were posted withing few minutes

As for Cable, I went long again and closed half for 30 pips. I am beigging to take a bullish view, and yes there are some great divergences on most time frames. But have a look at the 4 hour chart, a nice channel and you have had 2 bounces. Looks like the baby wants to go up, but if the channel breaks than yes a down move of 300+ is on cards
  • #4,976
  • Jan 4, 2007 9:46am Jan 4, 2007 9:46am
question for everyone

ok GBP closed 14:00 at 9441

9450 is 38% fib on my chart for this last nights move

if it closes under 9450 would that be a bearish indicator or not really?
Ghost Swoopen in for my pips while no one is lookin !!
  • #4,977
  • Jan 4, 2007 9:56am Jan 4, 2007 9:56am
Quoting Ghostpipper
question for everyone

ok GBP closed 14:00 at 9441

9450 is 38% fib on my chart for this last nights move

if it closes under 9450 would that be a bearish indicator or not really?
I'd say more like under 9430....
Thanks, Damian Burrowes
  • #4,978
  • Jan 4, 2007 9:58am Jan 4, 2007 9:58am
I am the President of the London Central Bank ....I say bearish below 9450 but only till 9350....if it ever reaches there i hope bigboys r not reading this
  • #4,979
  • Jan 4, 2007 9:59am Jan 4, 2007 9:59am
Perfect doji just formed on the 4hr at a support area with RSI oversold.... not trying to say anything but... tempted with a small long!
  • #4,980
  • Jan 4, 2007 10:00am Jan 4, 2007 10:00am
Quoting Ghostpipper
question for everyone

9450 is 38% fib on my chart for this last nights move
if it closes under 9450 would that be a bearish indicator or not really?
I am working on the 9400 . also the lower channel trendline on the 4h chart
these are the critical levels
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