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Cable Update (GBPUSD)

  • #48,421
  • Jan 6, 2008 8:33pm Jan 6, 2008 8:33pm
cables l0oks down..??
  • #48,422
  • Jan 6, 2008 8:38pm Jan 6, 2008 8:38pm
my point of view cable will much down today

see this link screenshot monday
  • #48,423
  • Jan 6, 2008 10:43pm Jan 6, 2008 10:43pm
Quoting dagoods
liking ucad---short?????? lol but maybe up first.....query what is the trend on ucad? (larger) therefore could this long position be dangerous? check mike w's trading journal.... we've been looking at this pair since before the new year.... but i like your charts and analysis.... you may get some pips long but.... i'm waiting for the big fall on that pair myself.......
MW's trading journal - Page 39

PS as for that long bar i have a feeling that it has something to do with bernakkes announcement of pumpin g 30 billion in liquididty into the market to pump up the dow....maybe this is some central bank -borrowed money flowing into this pair received from bernakkes new "money store"...but when central banks get involved it always ends bad(at least thats what some great trders tell me- so thats my theory and I'm sticking to it! lol but if bernakkes anouncement of his 30 bn money store last week counts as news then yes you are correct that it was a news spike IMO
So if it’s a bank creating the spike it could be unsustainable right ?
I will come over to Mikes thread I suspect it could be very interesting
My time now is very limited for the week though
Evenings /early mornings.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #48,424
  • Jan 6, 2008 10:48pm Jan 6, 2008 10:48pm
USD-CAD

hay looks like a bullish flag on 4hr price going for 61.8 @1.0058
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #48,425
  • Jan 6, 2008 11:08pm Jan 6, 2008 11:08pm
what abt cable bones...??
  • #48,426
  • Jan 6, 2008 11:10pm Jan 6, 2008 11:10pm
Quoting marketwavez
Coil is not a Harmonic Pattern ......
-----------------------------------------------
a trader with your savvy and who wants to explain charts
to people should now all the chart patterns

////////////////////////////////////////////////////////////////////////////////

um ok .... i guess so.... i actually prefer not to know all the chart patterns... i'd rather stick to one system and add in different things and develop my own trading plan and learn it well and trade it as best i can ....sorry to have bothered you with a question..... good luck to u
  • #48,427
  • Jan 6, 2008 11:10pm Jan 6, 2008 11:10pm
hmmm..i'm also lost rite now...dunno which direction cable will shoot...so wild n unpredictable
money is for living
  • #48,428
  • Jan 6, 2008 11:17pm Jan 6, 2008 11:17pm
Quoting mangZX7L
hmmm..i'm also lost rite now...dunno which direction cable will shoot...so wild n unpredictable
Going up soon but not more than 60 pips.
"Invest With The Insiders, Not The Masses" George Muzea
  • #48,429
  • Jan 6, 2008 11:19pm Jan 6, 2008 11:19pm
up tight stop loss
  • #48,430
  • Jan 6, 2008 11:20pm Jan 6, 2008 11:20pm
Quoting Bones
USD-CAD

hay looks like a bullish flag on 4hr price going for 61.8 @1.0058

ok if you say so..... i think it is late for me to try a long...thats y i am looking for longer timeframe and waiting for this one to come back to me (maybe not this week ... with my charts as of now.... i am trying to play ucad on a big move when the set up is ripe.....so we are in two different timeframes and two different dimensions in our views right now....... check the mike w thread ...... talk soon
  • #48,431
  • Jan 6, 2008 11:21pm Jan 6, 2008 11:21pm
Quoting bhesania
what abt cable bones...??
It sitting ther right on my cluster of trendlines ,Im waiting for now ,I can not watch the charts today so will not trade ,being a Monday as well .I would be tempted to sell a break of 1.9666 but I not not seeing that breaking with no real news .

Its under attack now though ,my real life is calling bye for now
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #48,432
  • Jan 6, 2008 11:22pm Jan 6, 2008 11:22pm
Quoting mangZX7L
hmmm..i'm also lost rite now...dunno which direction cable will shoot...so wild n unpredictable
Far from unpredictable... Look at the big picture, look at your levels, LET IT TELL YOU WHAT DIRECTION. Leave the predictions to the books of sports.

Happy Trading
  • #48,433
  • Jan 6, 2008 11:25pm Jan 6, 2008 11:25pm
Quoting Qu|cksilver
Going up soon but not more than 60 pips.
tq QS...really appreciate ur help here...nowadays people tends to follow charts n less attention to news...wonder why...coz news will affect the movement somehow....
money is for living
  • #48,434
  • Jan 6, 2008 11:27pm Jan 6, 2008 11:27pm
target 1.9757 if 1.9705 breaks first
  • #48,435
  • Jan 6, 2008 11:28pm Jan 6, 2008 11:28pm
Hi.. FX daily.,. what's your opinion in this lazy and upredictable market like this??
  • #48,436
  • Jan 6, 2008 11:51pm Jan 6, 2008 11:51pm
9631 support cable can stop there and can bounce little bit
  • #48,437
  • Jan 6, 2008 11:54pm Jan 6, 2008 11:54pm
Run for your lives!

Goodnight! I closed AUSUSD for nice fat LOSS.

Live to fight another day.

Peace
  • #48,438
  • Jan 6, 2008 11:56pm Jan 6, 2008 11:56pm
amazing big and strong support at 9652 and cable just touch 53 and up

good game of cable
  • #48,439
  • Jan 6, 2008 11:57pm Jan 6, 2008 11:57pm
Quoting gunset
Hi.. FX daily.,. what's your opinion in this lazy and upredictable market like this??
Hey buddy i trade GBP/JPY today .
  • #48,440
  • Jan 7, 2008 12:00am Jan 7, 2008 12:00am
Quoting TIckerShuffl
Run for your lives!

Goodnight! I closed AUSUSD for nice fat LOSS.

Live to fight another day.

Peace
Maybe your post would be best placed on the thread http://www.forexfactory.com/showthread.php?t=2645

But happy day to ya!
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