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Cable Update (GBPUSD)

  • #5,041
  • Jan 4, 2007 6:53pm Jan 4, 2007 6:53pm
i'm going long.
  • #5,042
  • Jan 4, 2007 6:56pm Jan 4, 2007 6:56pm
Perhaps you can see from this graph.
notice the dash lines. The top is around 1.9754 and where it broke through the bottom dash line is around 1.9576.. which gives us about 178 pips.
1.9576 - 178 pips = 1.9398 area.

This should be the bottom.. but, might be a few pips off. good luck
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  • #5,043
  • Jan 4, 2007 6:58pm Jan 4, 2007 6:58pm
double zero fade guys - will go long @ 9395 stop at 9373 - tp = 9435
Man who scratches ass should not bite fingernails
  • #5,044
  • Jan 4, 2007 7:05pm Jan 4, 2007 7:05pm
FxKenny
If you are wondering whether there are any gals here, just look 2 posts up.
  • #5,045
  • Jan 4, 2007 7:06pm Jan 4, 2007 7:06pm
Thank You kind ladies !! It will be my honor to address you in future posts.
  • #5,046
  • Jan 4, 2007 7:11pm Jan 4, 2007 7:11pm
Can you guys see the chart I posted? or is that a zip file or something? please let me know. Thanks
  • #5,047
  • Jan 4, 2007 7:18pm Jan 4, 2007 7:18pm
did anyone else just catch that 60 pip drop in GBP?

Also a nice drop in EURJPY
  • #5,048
  • Jan 4, 2007 7:19pm Jan 4, 2007 7:19pm
Yep i see it, looks good. 1st post btw hi there everyone.
"Only when the tide goes out will we know who is swimming naked."
  • #5,049
  • Jan 4, 2007 7:22pm Jan 4, 2007 7:22pm
Quoting pipped oFF
Yep i see it, looks good. 1st post btw hi there everyone.
Welcome, and thanks for letting me know that you can see the graph I posted.
Like I Said if i'm wrong on this one.. I'll gladly disappear and won't ever post or come to this site again.
Best of Luck everyone!!
  • #5,050
  • Jan 4, 2007 7:24pm Jan 4, 2007 7:24pm
I got long at 1.9405. thanks yuluvme.
  • #5,051
  • Jan 4, 2007 7:27pm Jan 4, 2007 7:27pm
Quoting bmwboyee
I got long at 1.9405. thanks yuluvme.
Too early to thank me just yet.
Although I see it going to around mid 19500 area. just on the safe side, I'll take profit just below 9500.
  • #5,052
  • Jan 4, 2007 7:28pm Jan 4, 2007 7:28pm
Quoting yulvme
Perhaps you can see from this graph.
notice the dash lines. The top is around 1.9754 and where it broke through the bottom dash line is around 1.9576.. which gives us about 178 pips.
1.9576 - 178 pips = 1.9398 area.

This should be the bottom.. but, might be a few pips off. good luck
nice EYE bro, wish we had more analysts like you around for the general public
Ghost Swoopen in for my pips while no one is lookin !!
  • #5,053
  • Jan 4, 2007 7:31pm Jan 4, 2007 7:31pm
Just afraid its may drop furthermore than expected because USD now got strong data since last week.....just my 2 cents opinion
  • #5,054
  • Jan 4, 2007 7:33pm Jan 4, 2007 7:33pm
Quoting yulvme
Perhaps you can see from this graph.
notice the dash lines. The top is around 1.9754 and where it broke through the bottom dash line is around 1.9576.. which gives us about 178 pips.
1.9576 - 178 pips = 1.9398 area.

This should be the bottom.. but, might be a few pips off. good luck
Sorry to ask, how u get the 1.9576?
  • #5,055
  • Jan 4, 2007 7:49pm Jan 4, 2007 7:49pm
jumped back in, sold gbp.jpy @ 23010, traders will be back from lunch soon.
  • #5,056
  • Jan 4, 2007 8:00pm Jan 4, 2007 8:00pm
Quoting c1ro
Sorry to ask, how u get the 1.9576?
If you look at the graph I posted. Notice the two dash lines i've drawn? see where the price broke through the bottom dash line? that spot is around 1.9576. Hope this helps?
By the way please don't take this as a indication of a sure thing. As everyone knows that no one holds a crystal ball. I'm just giving ideas across, if it makes sense and helps in anyway to you then please consider. Always trade with your own ideas.Good luck!!
  • #5,057
  • Jan 4, 2007 8:11pm Jan 4, 2007 8:11pm
This pair is so hyper underinflated right now that you all might be able to get in a quick long ahead of U.S. NFP tomorrow. Anyway, I got all my money out of it for a nice gain. I think that GBP/USD will continue to go down before it goes up again, then it might go down after it goes up. Then it might just go up again. Let's see...
"The time to act is when others show signs of tire." --W.D. Gann
  • #5,058
  • Jan 4, 2007 8:17pm Jan 4, 2007 8:17pm
I'm going to short this bad boy right here 1.9505
  • #5,059
  • Jan 4, 2007 8:21pm Jan 4, 2007 8:21pm
opps 1.9405 typo
  • #5,060
  • Jan 4, 2007 8:21pm Jan 4, 2007 8:21pm
Also, everyone who trades longer-term charts instead of getting screwed by their bucket shop on 15 minute time frames should take profits on this short now, while it's resisting 1.94, which is a major psychological level. If you get back in later all you pay is the spread plus your differential between when you took profits and when you re-shorted. I don't like what's happening right now, I'll just wait for London.

If you trade off 15 minute charts, then God help you... And thanks for the $$$!
"The time to act is when others show signs of tire." --W.D. Gann
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