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Cable Update (GBPUSD)

  • #45,461
  • Dec 17, 2007 9:29pm Dec 17, 2007 9:29pm
Quoting Qu|cksilver
maybe 13 winning trade left to make that amount.
NICE one pal
change the future, not the past
  • #45,462
  • Dec 17, 2007 9:31pm Dec 17, 2007 9:31pm
Quoting AmeriTrini
WOW THATS INCREDIBLE!!, how long did this accomplishment take?
still short Q?? 3.000.000.000$!!! waouw....
  • #45,463
  • Dec 17, 2007 9:32pm Dec 17, 2007 9:32pm
london market is opening in 1.5 hours....
  • #45,464
  • Dec 17, 2007 9:33pm Dec 17, 2007 9:33pm
Quoting Qu|cksilver
yup.. if all the 13 trade give me 100pips profit for each trade.

down cable down...
i'm going to brunei visit u after dat...
  • #45,465
  • Dec 17, 2007 9:34pm Dec 17, 2007 9:34pm
Quoting AmeriTrini
WOW THATS INCREDIBLE!!, how long did this accomplishment take?
i don't know... depend on market condition.
i will only trade if im full of confidence and i see good oppurtunity to get that 100pips. But sometimes im wrong..
"Invest With The Insiders, Not The Masses" George Muzea
  • #45,466
  • Dec 17, 2007 9:34pm Dec 17, 2007 9:34pm
For those who are interested, Q showed his Triangle system in the Forex Systems folder. I remember him saying that this was one of the ones he uses.
  • #45,467
  • Dec 17, 2007 9:36pm Dec 17, 2007 9:36pm
Quoting need4swift
i'm going to brunei visit u after dat...
i welcome you to brunei..
"Invest With The Insiders, Not The Masses" George Muzea
  • #45,468
  • Dec 17, 2007 9:38pm Dec 17, 2007 9:38pm
get back to subject guys
Fay All Time Return: -98.7%
  • #45,469
  • Dec 17, 2007 9:38pm Dec 17, 2007 9:38pm
Okay.. stop talikng about that 3 million

Concentrate on trading now...
common try to do analysis where to put TP
"Invest With The Insiders, Not The Masses" George Muzea
  • #45,470
  • Dec 17, 2007 9:45pm Dec 17, 2007 9:45pm
Pound Peak Fuels Pessimism as Currency Mimics Dollar (Update4)
The following is a Bloomberg article by Bo Nielsen and Kim-Mai Cutler

-----------------------------------------------------------------------

if they say this, we should long gpb.
(this is the xx time bloomberg says pound is gonna fall like a rock. after those predictions we even touched 2.1100 area)
  • #45,471
  • Dec 17, 2007 9:47pm Dec 17, 2007 9:47pm
I look on 4hr chart i see support and resistance line at 2.0222, 2.0100 and 1.9982.

Draw horizontal line.. hope you can see what i see.
"Invest With The Insiders, Not The Masses" George Muzea
  • #45,472
  • Dec 17, 2007 9:55pm Dec 17, 2007 9:55pm
i am 100% sure and stick with my words

this week end of the week u will see 1.9850 numbers for sure

right now its loooks like cable go up till 352 but lets see
the quicksilver trendline break at 222 then may be it will will target 352
  • #45,473
  • Dec 17, 2007 10:16pm Dec 17, 2007 10:16pm
Quoting Designer1
i am 100% sure and stick with my words

this week end of the week u will see 1.9850 numbers for sure

right now its loooks like cable go up till 352 but lets see
the quicksilver trendline break at 222 then may be it will will target 352
i don't think cable will go up to 352.
cable will going down today.
"Invest With The Insiders, Not The Masses" George Muzea
  • #45,474
  • Dec 17, 2007 10:20pm Dec 17, 2007 10:20pm
not sure if my eyes are going funnybut i see that the support line for both weekly (20237) and daily charts has been broken!!
  • #45,475
  • Dec 17, 2007 10:31pm Dec 17, 2007 10:31pm
Good morning

till now i'm worry from long @ this price 2.0192

pivot level 2.0178

Immediate support seen at 2.0129 while resistance seen at 2.0257
  • #45,476
  • Edited 10:32pm Dec 17, 2007 10:32pm | Edited 10:32pm
Cable is stuck between the daily pivot (2.0177) and today's open (2.0203) until the news release. Has been great to short or long from these levels, respectively.
No, the weekly trendline is by no means broken - these are just the usual for GBP short-term spikes over the line.
"Luxury is one of the basic needs", (c), Don Corleone
  • #45,477
  • Dec 17, 2007 10:33pm Dec 17, 2007 10:33pm
Qs why do you feel it will go down today?
  • #45,478
  • Dec 17, 2007 10:35pm Dec 17, 2007 10:35pm
the pound has been floating and lost nothing since yesterday.
eur/gbp shows it.

the thing is, why is holding firm? must cpi numbers create another bull stampade?
the funny thing is high cpi numbers are very bad for the economy but great for the currency short term. and thats whats happening in many countries right now. inflation, big inflation.

there are also some rumours. information from boe is leaked before the news by some england bussinessmen insiders.
so the thing is, why arent they selling aggresively the pound?
  • #45,479
  • Dec 17, 2007 10:36pm Dec 17, 2007 10:36pm
according to my charts, cable is down today but it may try to go up a few times before falling...
  • #45,480
  • Dec 17, 2007 10:37pm Dec 17, 2007 10:37pm
Quoting vdubbs
Qs why do you feel it will go down today?
because price bouncing between the support and resistance line that i meantioned my earlier post.
"Invest With The Insiders, Not The Masses" George Muzea
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