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Cable Update (GBPUSD)

  • #48,041
  • Jan 3, 2008 9:07pm Jan 3, 2008 9:07pm
Quoting forexlion
On a shorter time fr ame of Daily, this is a chart of sterling shorts of 6 months, which shows that a small retrace uipwards could be expected.

Since next week will be NFP week, we might see a small jump in GBPUSD.

This is just an observation, not a firm decision, charts change every hour.
NFP is today right? Friday. Next week BOE Interest Rate announcement. Just a little confuse here...
  • #48,042
  • Jan 3, 2008 9:10pm Jan 3, 2008 9:10pm
Quoting Malaysia
NFP is today right? Friday. Next week BOE Interest Rate announcement. Just a little confuse here...
In about 10.5 hrs NFP will be released.
  • #48,043
  • Jan 3, 2008 9:18pm Jan 3, 2008 9:18pm
Quoting Malaysia
NFP is today right? Friday. Next week BOE Interest Rate announcement. Just a little confuse here...
thanks for reminding me, since NFP is today the jump will be limited by 9753 level, being a strong reistance level, we should see a continued downtrend after that.
  • #48,044
  • Jan 3, 2008 9:30pm Jan 3, 2008 9:30pm
No more predicting and speculating news for me... at least until all the turmoil subside. Lots of misleading forecast and speculation nowadays. Very tricky. Sometimes... market goes opposite ways than News... lots of PRICED IN action since last Disember.

My PLAN for now... wait until NEWS RELEASE... get the actual DATA... wait 15 minutes after the release... see the PRICE ACTION 1st... then only... ACTION.

I heard Banks normally wait 15mins after the release before making any ENTRY. Just right during the release... lots of ENTRIES from SPECULATORS 1st. Can be confusing of the TRUE direction. That's what I heard before. True or Not... not sure.
  • #48,045
  • Jan 3, 2008 9:41pm Jan 3, 2008 9:41pm
Im having some problems in "reading" the market in the first week of the new year. waiting for the news is def. the safe way to approach.
  • #48,046
  • Jan 3, 2008 10:39pm Jan 3, 2008 10:39pm
Quoting Qu|cksilver
Cable going to drop to 9590 today.
....i'm already long at 9722,now i'm goin to bed .
  • #48,047
  • Jan 3, 2008 10:50pm Jan 3, 2008 10:50pm
Quoting 30pips
....i'm already long at 9722,now i'm goin to bed .

Take Care where UR SL
  • #48,048
  • Jan 3, 2008 11:09pm Jan 3, 2008 11:09pm
Quoting deboooo2005
Take Care where UR SL
...9680.
  • #48,049
  • Edited 11:29pm Jan 3, 2008 11:22pm | Edited 11:29pm
Quoting 30pips
...9680.
Cable Trades below pivot level 1.9751 . Immediate support seen at 1.9664 while resistance seen at 1.9798 .

if cable go to 1.9741 .. i 'll short there and my stop Lose above 1.9752
  • #48,050
  • Jan 3, 2008 11:31pm Jan 3, 2008 11:31pm
Quoting deboooo2005
Cable Trades below pivot level 1.9751 . Immediate support seen at 1.9664 while resistance seen at 1.9798 .
Dear sir,
may I know how can you calculate the support and resistance point? thanks..
  • #48,051
  • Jan 3, 2008 11:42pm Jan 3, 2008 11:42pm
Quoting gunset
Dear sir,
may I know how can you calculate the support and resistance point? thanks..

@ this link http://www.fxstreet.com/forex-tools/...int-calculator
  • #48,052
  • Jan 3, 2008 11:48pm Jan 3, 2008 11:48pm
yeah i am long at 1.9724

gbp has one thing on the other pairs...
  • #48,053
  • Jan 3, 2008 11:57pm Jan 3, 2008 11:57pm
Down cable Down!!!
"Invest With The Insiders, Not The Masses" George Muzea
  • #48,054
  • Jan 3, 2008 11:59pm Jan 3, 2008 11:59pm
Quoting Qu|cksilver
Down cable Down!!!
Hi, QS, at what price u open short?
  • #48,055
  • Jan 4, 2008 12:00am Jan 4, 2008 12:00am
Quoting tkh33
Hi, QS, at what price u open short?
1.9729
"Invest With The Insiders, Not The Masses" George Muzea
  • #48,056
  • Jan 4, 2008 12:02am Jan 4, 2008 12:02am
Quoting Qu|cksilver
1.9729
at least same boat with u
  • #48,057
  • Jan 4, 2008 12:03am Jan 4, 2008 12:03am
Quoting Qu|cksilver
Down cable Down!!!
I've missed that yell the last two weeks!!!!
  • #48,058
  • Jan 4, 2008 12:03am Jan 4, 2008 12:03am
Quoting Qu|cksilver
1.9729

really i short @ 1.9724 ... do u think 652 to 582 is near today
  • #48,059
  • Jan 4, 2008 12:06am Jan 4, 2008 12:06am
Quoting hansel
I've missed that yell the last two weeks!!!!

Me too. DOWN CABLE DOWN
  • #48,060
  • Jan 4, 2008 12:10am Jan 4, 2008 12:10am
Quoting deboooo2005
really i short @ 1.9724 ... do u think 652 to 582 is near today
Today low atleast somewhere 1.9600 then up..
"Invest With The Insiders, Not The Masses" George Muzea
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