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Cable Update (GBPUSD)

  • #47,841
  • Jan 2, 2008 9:08pm Jan 2, 2008 9:08pm
still long though. Think we will at least see 2.0000 this week.
Appliances have gone berserk.
  • #47,842
  • Jan 2, 2008 10:02pm Jan 2, 2008 10:02pm
its happening tringle in H1 chart

QuickSilver what you think it will break upside or downside???

i am thinking it should go downside? let me know

its cleary direction today we have need to wait
Attached Image (click to enlarge)
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  • #47,843
  • Jan 2, 2008 10:11pm Jan 2, 2008 10:11pm
Quoting Designer1
its happening tringle in H1 chart

QuickSilver what you think it will break upside or downside???

i am thinking it should go downside? let me know

its cleary direction today we have need to wait
Will break both side. First break down then break up. That's what i think.
"Invest With The Insiders, Not The Masses" George Muzea
  • #47,844
  • Jan 2, 2008 10:30pm Jan 2, 2008 10:30pm
Hi all

All i do today i short @ 1.9827
  • #47,845
  • Jan 2, 2008 10:38pm Jan 2, 2008 10:38pm
Hi all,
what a confusing trade today. but weekly chart show potetial break down with heavy sell. i think sterling under presure Euro n Yen, plus expectation more cut rate this month.
so, i'll just wait for the break sell then wait for heavy over sold buy on dips.
  • #47,846
  • Jan 2, 2008 10:39pm Jan 2, 2008 10:39pm
H1 now in shape of boot... gonna kick somebody??

with oil chomping on $100 and gold a romping - I think we are overdue to test down trendline on daily.

2.0000 would be very nice, but I like 2.0200 better. If it does go up, becareful of daily trend line.
  • #47,847
  • Jan 2, 2008 10:43pm Jan 2, 2008 10:43pm
Quoting deboooo2005
Hi all

All i do today i short @ 1.9827
Same... i also short at 1.9827
"Invest With The Insiders, Not The Masses" George Muzea
  • #47,848
  • Jan 2, 2008 10:47pm Jan 2, 2008 10:47pm
Quoting Qu|cksilver
Same... i also short at 1.9827
Cool .... give me Hi 5
  • #47,849
  • Jan 2, 2008 10:50pm Jan 2, 2008 10:50pm
i think tringle break downside and in few hours we will have good 97xx price

cable willl down for one or two hour then up again
  • #47,850
  • Jan 2, 2008 10:50pm Jan 2, 2008 10:50pm
Someone poster earlier today 2008 year of the SCALP.....

I still struggle with mm, why not just do 15 pip trailing stop?
  • #47,851
  • Jan 2, 2008 10:53pm Jan 2, 2008 10:53pm
Quoting deboooo2005
Cool .... give me Hi 5
hi5
"Invest With The Insiders, Not The Masses" George Muzea
  • #47,852
  • Jan 2, 2008 10:54pm Jan 2, 2008 10:54pm
not comfortable with down at the moment, interest rates are in play now. no meaningful data will be out for the cable, while the data for the dollar will probably be bullish for the cable. jus what I think.
  • #47,853
  • Jan 2, 2008 11:10pm Jan 2, 2008 11:10pm
Am I looking at these fib levels correctly? Or am I way off?
Thanks
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  • #47,854
  • Jan 2, 2008 11:10pm Jan 2, 2008 11:10pm
1hr candle for gu & gj indicates a reversal to higher ground..

gu tp 1.9871, then sell at 1.9877 tp 1.9760

gj tp 217.78, 218.45, 218.82, then sell 219.00/06 tp 216.42
  • #47,855
  • Jan 2, 2008 11:15pm Jan 2, 2008 11:15pm
if 1.9836 broken, up we go!!!
  • #47,856
  • Jan 2, 2008 11:17pm Jan 2, 2008 11:17pm
Cable still going down...
Reversal maybe somwhere 9780
"Invest With The Insiders, Not The Masses" George Muzea
  • #47,857
  • Jan 2, 2008 11:26pm Jan 2, 2008 11:26pm
Quoting AmeriTrini
if 1.9836 broken, up we go!!!
Could you show me how you came up with this number please?
Thanks
  • #47,858
  • Jan 2, 2008 11:34pm Jan 2, 2008 11:34pm
Quoting mthomas
Could you show me how you came up with this number please?
Thanks
intraday resistance!, it should be your high on the last bar on the daily.
  • #47,859
  • Jan 2, 2008 11:38pm Jan 2, 2008 11:38pm
shorted cable and eur/chf.

both broke below their pennants.
  • #47,860
  • Jan 2, 2008 11:48pm Jan 2, 2008 11:48pm
i think looking for 9754 to 9760 in this numbers cable will go up
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