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Cable Update (GBPUSD)

  • #46,901
  • Dec 25, 2007 10:18pm Dec 25, 2007 10:18pm
amen to that! lunch time ppl!
You better be ready for the future, for the future is NOW.
  • #46,902
  • Dec 25, 2007 11:37pm Dec 25, 2007 11:37pm
my chart software looks not working and showing me close

and my broker is still ON today?

today thought holiday - uk market closed today right?
  • #46,903
  • Dec 25, 2007 11:44pm Dec 25, 2007 11:44pm
Quoting Designer1
my chart software looks not working and showing me close

and my broker is still ON today?

today thought holiday - uk market closed today right?
it's boxing day there.. holiday.
  • #46,904
  • Dec 25, 2007 11:50pm Dec 25, 2007 11:50pm
Quoting TraderJR
Looking forward to seeing your FIBO analysis, Designer1
i have seen your both charts with fibo which is 100% perfect you drawn

another short term chart H4 we can see here clearly in my chart

look at this why i am talking its down down!
Attached Image (click to enlarge)
Click to Enlarge Name: learn.gif Size: 34 KB
  • #46,905
  • Dec 26, 2007 12:34am Dec 26, 2007 12:34am
Good Day

Till now Cable trade above Daily pivot @ 1.9790 and first resistance @ 1.9827 follow by 1.9879 and first support @ 1.9738 follow by 1.9701
  • #46,906
  • Dec 26, 2007 12:42am Dec 26, 2007 12:42am
scary...cable keep goiing up
  • #46,907
  • Dec 26, 2007 12:51am Dec 26, 2007 12:51am
Quoting deboooo2005
Good Day

Till now Cable trade above Daily pivot @ 1.9790 and first resistance @ 1.9827 follow by 1.9879 and first support @ 1.9738 follow by 1.9701

short at 1.9830? if it gets there. i think it's a good price...
My avatar says it all...
  • #46,908
  • Dec 26, 2007 1:03am Dec 26, 2007 1:03am
Quoting 18sfx
short at 1.9830? if it gets there. i think it's a good price...


really i short @ 1.9810 and i will add another short @ 1.9827 if it go there

just my opinion trade @ your own risk
  • #46,909
  • Dec 26, 2007 1:09am Dec 26, 2007 1:09am
Quoting deboooo2005
really i short @ 1.9810 and i will add another short @ 1.9827 if it go there

just my opinion trade @ your own risk
ok mate.. london not opened today so i guess movement will be slow. wat's yr target may i ask?
My avatar says it all...
  • #46,910
  • Dec 26, 2007 1:14am Dec 26, 2007 1:14am
Quoting Designer1
i have seen your both charts with fibo which is 100% perfect you drawn

another short term chart H4 we can see here clearly in my chart

look at this why i am talking its down down!
Your chart indicates nearest fib is ~19625 @ -79 % (less reliable fib)

Latest dominant H4 swing indicates 19650 @ -38 % (more reliable fib)
Attached Image (click to enlarge)
Click to Enlarge Name: 071224 GBP-USD H4.gif Size: 58 KB
Darkness lies one inch ahead..
  • #46,911
  • Dec 26, 2007 1:18am Dec 26, 2007 1:18am
Quoting deboooo2005
really i short @ 1.9810 and i will add another short @ 1.9827 if it go there

just my opinion trade @ your own risk
Shorted at 1.9810 too SELL FROM BOUNCE. Target around 1.9650 area that should be reach by tomorrow or Friday. Depending on the NEWS as Tomorrow lots of Important Economic Data from US will be released.
  • #46,912
  • Dec 26, 2007 1:25am Dec 26, 2007 1:25am
till 9828 confirm go up lets watch
  • #46,913
  • Dec 26, 2007 1:56am Dec 26, 2007 1:56am
Quoting Malaysia
Shorted at 1.9810 too SELL FROM BOUNCE. Target around 1.9650 area that should be reach by tomorrow or Friday. Depending on the NEWS as Tomorrow lots of Important Economic Data from US will be released.
be patient mate, short term indicators are still long, so wait to short at the top
  • #46,914
  • Dec 26, 2007 1:58am Dec 26, 2007 1:58am
Don't forget the other scenario where cable breaks past 1.9830, smashing the downward channel and keeps going up. A drop of over 1300 pips in less than 2 months is huge and it cannot continue in my opinion. Another rate cut is not a done deal yet.
  • #46,915
  • Dec 26, 2007 2:08am Dec 26, 2007 2:08am
Quoting forexguru
be patient mate, short term indicators are still long, so wait to short at the top
Yep PATIENCE is the Virtue. However, I already back up my entry with my style of MM. Anything could happen as the market still on HOLIDAY mood

p/s: On my chart right now... DragonFly Doji just been formed on H1 chart.

Quoting Malaysia
1st SELL FROM BOUNCE triggered. No SL as I already placed PO Buy Stop above 1.9840 Resistance. Planning to HEDGE this one if this SFB Entry not a good one. If the Bull penetrate the Resistance... chances to shoot up until 1.9878 is there. Ultimately CABLE must DROP DOWN as the BOE IR CUT is IMMINENT.

p/s: Just have to be careful about the PRICED IN factor and US economic data.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd641a.PNG Size: 31 KB
Click to Enlarge Name: gbpusd642a.PNG Size: 26 KB
  • #46,916
  • Dec 26, 2007 2:15am Dec 26, 2007 2:15am
From your charts posted looks like a good bounce to short. My broker is closed today Will have to wait for tomorrow!
  • #46,917
  • Dec 26, 2007 2:16am Dec 26, 2007 2:16am
looks like me 9863 next target
  • #46,918
  • Dec 26, 2007 2:17am Dec 26, 2007 2:17am
Quoting 18sfx
ok mate.. london not opened today so i guess movement will be slow. wat's yr target may i ask?

tomorrow there is important news for USD and seems positive ... so my main target 1.9650 ...
  • #46,919
  • Dec 26, 2007 2:26am Dec 26, 2007 2:26am
Quoting deboooo2005
tomorrow there is important news for USD and seems positive ... so my main target 1.9650 ...
Ya... that's what I am thinking about on my FA. Nothing certain yet until the actual data is released. However, ACTION has been taken.

Quote
9:30pm USD http://www.forexfactory.com/images/m...act_medium.gif Durable Goods Orders m/m ??? 2.0% -0.2%
9:30pm USD http://www.forexfactory.com/images/m...mpact_high.gif Core Durable Goods Orders m/m ??? 0.5% -0.4%
9:30pm USD http://www.forexfactory.com/images/m...impact_low.gif Unemployment Claims ??? 340K 346K
11:00pm USD http://www.forexfactory.com/images/m...mpact_high.gif Consumer Confidence ??? 86.5 87.3
  • #46,920
  • Dec 26, 2007 2:28am Dec 26, 2007 2:28am
Quoting Designer1
looks like me 9863 next target
1.9827 is daily resistance and 4 hour resistance .... is important point
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