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Cable Update (GBPUSD)

  • #48,821
  • Jan 9, 2008 7:56am Jan 9, 2008 7:56am

  1. Cable goes down to 9200 levels on long term trades
  2. GJ goes to 212
  3. Ucad goes to 1.0130

  • #48,822
  • Jan 9, 2008 7:57am Jan 9, 2008 7:57am
conclusion, better to avoid gu till boe decition.

will stick with uj, it seem there are more opportunites there...
  • #48,823
  • Jan 9, 2008 7:58am Jan 9, 2008 7:58am
Quoting soros_junior
support at 1.9600 broken... next immediate support at 1.9572
Sure you are correct, slightly further lows to go. I will continue watching, looking for a 9625 level before I sell again. Depends on how fast it moves.
  • #48,824
  • Jan 9, 2008 8:00am Jan 9, 2008 8:00am
Quoting acidguy
its weird, from a technical and fundamental perspective there is not reason for the price to be at these levels.
What technicalt and fundamentals don't warrnat this? Why should the pound be worth near 2 times the dollar - just to make Oil affordable for the brits?
  • #48,825
  • Jan 9, 2008 8:02am Jan 9, 2008 8:02am
thats 2 goes this has got b a rejection pull out shorts make my long go high
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #48,826
  • Jan 9, 2008 8:05am Jan 9, 2008 8:05am
Quoting TIckerShuffl
What technicalt and fundamentals don't warrnat this? Why should the pound be worth near 2 times the dollar - just to make Oil affordable for the brits?
yeah, thats how the system works.
the dollar is burned cause almost all usa consumes is from lending. especially from China.
then we did not have 2 for dollar.
  • #48,827
  • Jan 9, 2008 8:14am Jan 9, 2008 8:14am
Quoting marketwavez
Gbp/Usd

Can the Bulls hold at this Neckline support area today ?
( See the posted chart just above )
------------------------------------------------------

Only a Probability ! ..............Not Cast in Stone !...........
------------------------------------------------------
Todays Update :

Original Post #48648
http://forexfactory.com/showthread.p...avez&page=3244
------------------------------------------------------------
NO RE-TEST OF THE NECKLINE HAS OCCURRED !
- Price now declining out of an End of Wave C

------------------------------------------------------------
( Double click on chart to enlarge )
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP-01-08-2008-#2.gif Size: 24 KB
Click to Enlarge Name: GBP-01-09-2008-#1.gif Size: 28 KB
  • #48,828
  • Jan 9, 2008 8:17am Jan 9, 2008 8:17am
Quoting nAVIN2007
for sure if u cant trust yur instincts who can ya trust?
i'm not a good trader yet... but i trust my instinct and what i have learn...
just do what i use do... and try learn much more from this thread...
frankly,this thread gives me more than i expect...
and good luck to you... have a nice trade...
Never Give Up.....
  • #48,829
  • Jan 9, 2008 8:17am Jan 9, 2008 8:17am
this could go either way ..the divergence might be for the breakthrough
  • #48,830
  • Jan 9, 2008 8:19am Jan 9, 2008 8:19am
Quoting lessy
i'm not a good trader yet... but i trust my instinct and what i have learn...
just do what i use do... and try learn much more from this thread...
frankly,this thread gives me more than i expect...
and good luck to you... have a nice trade...
same to u buddy ...yeah to be honest i didnt expect to learn so much from here.....its a great educational tool and its nice that every1 comes together
I also like the way u use the word "yet"
  • #48,831
  • Jan 9, 2008 8:22am Jan 9, 2008 8:22am
Soros Jnr are you still short?
  • #48,832
  • Jan 9, 2008 8:25am Jan 9, 2008 8:25am
Quoting nAVIN2007
same to u buddy ...yeah to be honest i didnt expect to learn so much from here.....its a great educational tool and its nice that every1 comes together
I also like the way u use the word "yet"

thank you....
Never Give Up.....
  • #48,833
  • Jan 9, 2008 8:27am Jan 9, 2008 8:27am
Quoting Terri1
Soros Jnr are you still short?
yes of course...
  • #48,834
  • Jan 9, 2008 8:30am Jan 9, 2008 8:30am
where are the bulls? decline seems excessive in the short-term, tempted me to go long even though i am gbp bear mid-term.
  • #48,835
  • Jan 9, 2008 8:32am Jan 9, 2008 8:32am
Quoting traderchan
where are the bulls? decline seems excessive in the short-term, tempted me to go long even though i am gbp bear mid-term.
bulls are currently in hibernation... will only come out in summer
  • #48,836
  • Jan 9, 2008 8:33am Jan 9, 2008 8:33am
Quoting soros_junior
yes of course...
RESPECT!
  • #48,837
  • Jan 9, 2008 8:35am Jan 9, 2008 8:35am
Quoting Terri1
RESPECT!
how about u? tomorrow got many news event... maybe will close some of the trades
  • #48,838
  • Jan 9, 2008 8:36am Jan 9, 2008 8:36am
My 4 hour charts are showing nothing but downwards movement for a while. We're most likely going to see about a 75 pip retracement up again and then I would look to add shorts from there.
I dream, therefore I become.
  • #48,839
  • Jan 9, 2008 8:36am Jan 9, 2008 8:36am
Quoting soros_junior
bulls are currently in hibernation... will only come out in summer
bulls are just waiting for bears to get exhausted and launch a massive counter attack.
  • #48,840
  • Jan 9, 2008 8:41am Jan 9, 2008 8:41am
Quoting traderchan
bulls are just waiting for bears to get exhausted and launch a massive counter attack.
I didn't know we were at war! lol

What makes you say that? Folks, look at the daily chart. We got a retracement and then dropped like a rock off of yesterday's pin bar. Yes, we most likely will get retracements. Will we move back upwards? I don't know but probability says no. Look to the higher timeframes and they show a much clearer picture than the lower timeframes.
I dream, therefore I become.
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