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Cable Update (GBPUSD)

  • #49,301
  • Jan 11, 2008 6:49pm Jan 11, 2008 6:49pm
thanks sir..
  • #49,302
  • Jan 11, 2008 6:59pm Jan 11, 2008 6:59pm
Cable

why do i feel like i got left behind?

change the future, not the past
  • #49,303
  • Jan 12, 2008 5:30am Jan 12, 2008 5:30am
Quoting jacobtrader
And use 20 EMA for Early signals
55 EMA for Confirmation

200 EMA to confirm a big trend change..

So Anyone against GBP/USD trend down ?
i am against GU will not fall

it should go up with great price but we will see uptrend next week for sure

reason : eur/usd has been break the trendline and going upside

so according to this pair i am thinking next week GU will be on the UP road

thats it!
  • #49,304
  • Jan 12, 2008 6:02am Jan 12, 2008 6:02am
Quoting jacobtrader
And use 20 EMA for Early signals
55 EMA for Confirmation

200 EMA to confirm a big trend change..

So Anyone against GBP/USD trend down ?
thx buddy ..i gonna also u this on daily chart from now on
  • #49,305
  • Jan 12, 2008 6:13am Jan 12, 2008 6:13am
Quoting Designer1
i am against GU will not fall

it should go up with great price but we will see uptrend next week for sure

reason : eur/usd has been break the trendline and going upside

so according to this pair i am thinking next week GU will be on the UP road

thats it!
Dont take it that way.. Or else the pace GU is going down.. it wouldnt...

Open up your Daily Chart for GU and Eur/USD.

A Clever Chartists will understand..

See the movement of both say 3-5 months from todays date..

EUR/USD took a bounce and showing a V Channel.

See GU its going straight down.. and it will go towards 1.9185 and then When FED releases the rate change.. it bounces and wollah welcome 2.0
  • #49,306
  • Jan 12, 2008 6:28am Jan 12, 2008 6:28am
Quoting jacobtrader
See GU its going straight down.. and it will go towards 1.9185 and then When FED releases the rate change.. it bounces and wollah welcome 2.0
Not so far fetched
  • #49,307
  • Jan 12, 2008 9:04am Jan 12, 2008 9:04am
Quoting jacobtrader
Dont take it that way.. Or else the pace GU is going down.. it wouldnt...

Open up your Daily Chart for GU and Eur/USD.

A Clever Chartists will understand..

See the movement of both say 3-5 months from todays date..

EUR/USD took a bounce and showing a V Channel.

See GU its going straight down.. and it will go towards 1.9185 and then When FED releases the rate change.. it bounces and wollah welcome 2.0
I agree.
Humble Lifetime Member
  • #49,308
  • Jan 12, 2008 9:43am Jan 12, 2008 9:43am
Quoting jacobtrader
Dont take it that way.. Or else the pace GU is going down.. it wouldnt...

Open up your Daily Chart for GU and Eur/USD.

A Clever Chartists will understand..

See the movement of both say 3-5 months from todays date..

EUR/USD took a bounce and showing a V Channel.

See GU its going straight down.. and it will go towards 1.9185 and then When FED releases the rate change.. it bounces and wollah welcome 2.0
And then possibly back down when the BOE meets again.....

HOLLA
  • #49,309
  • Jan 12, 2008 9:51am Jan 12, 2008 9:51am
If rumors of "EMERGENCY" rate cuts as soon as Monday become FACT the Cable could soar..............keep your trigger finger warmed up and ready for action
  • #49,310
  • Jan 12, 2008 10:02am Jan 12, 2008 10:02am
Quoting jacobtrader
Dont take it that way.. Or else the pace GU is going down.. it wouldnt...

Open up your Daily Chart for GU and Eur/USD.

A Clever Chartists will understand..

See the movement of both say 3-5 months from todays date..

EUR/USD took a bounce and showing a V Channel.

See GU its going straight down.. and it will go towards 1.9185 and then When FED releases the rate change.. it bounces and wollah welcome 2.0
Yep your fucking right next week 1.92.....1.91 area then we ride back 2. area back .
  • #49,311
  • Jan 12, 2008 11:05am Jan 12, 2008 11:05am
Quoting Ash
I agree.
Hey Ash its good time to trade little long term may be weekly trade at EUR/USD its right now looks like 1.5100 next target will hit

eur/usd break the tringle , break the upside trendline other all indicator showing strong uptrend

1.5100 next 1.5300 also possible this upcoming week

100 pips gap stop loss would work...

what u think - i can go with little good down price for Long position for week

Looks great to me
  • #49,312
  • Jan 12, 2008 11:28am Jan 12, 2008 11:28am
Quoting Designer1
Hey Ash its good time to trade little long term may be weekly trade at EUR/USD its right now looks like 1.5100 next target will hit

eur/usd break the tringle , break the upside trendline other all indicator showing strong uptrend

1.5100 next 1.5300 also possible this upcoming week

100 pips gap stop loss would work...

what u think - i can go with little good down price for Long position for week

Looks great to me
I really don't like posting trade calls on the forum. I don't need the negativity from members on the Forum. That is why I say do your own analysis and research. Long term, imvho, the Euro is bullish. When I take a trade, it is long term with the trend. This coming week should be interesting. Let's see what happens.

PS

I am always learning something new everyday.
Humble Lifetime Member
  • #49,313
  • Jan 12, 2008 11:34am Jan 12, 2008 11:34am
That is the important question. I do not know the answer.

The fact that there was no rate cut is encouraging to the correction theory and continued Pound strength.

Also, the increase in strength of the EUR vs the Pound is good for the UK economy as eurozone money will spend more powerfully and prop up housing, retail and manufacturing.

I think all is well for the GBPUSD - the correction may very well be over.
  • #49,314
  • Jan 12, 2008 1:57pm Jan 12, 2008 1:57pm
where can I see such rumors? thanks!

Quoting Kimberlight
If rumors of "EMERGENCY" rate cuts as soon as Monday become FACT the Cable could soar..............keep your trigger finger warmed up and ready for action
  • #49,315
  • Jan 12, 2008 2:47pm Jan 12, 2008 2:47pm
Quoting TIckerShuffl
That is the important question. I do not know the answer.

The fact that there was no rate cut is encouraging to the correction theory and continued Pound strength.

Also, the increase in strength of the EUR vs the Pound is good for the UK economy as eurozone money will spend more powerfully and prop up housing, retail and manufacturing.

I think all is well for the GBPUSD - the correction may very well be over.
its correcting.. it will hit 1.9185 and then bounce from there..
  • #49,316
  • Jan 12, 2008 2:55pm Jan 12, 2008 2:55pm
Just GOOGLE "emergency rate cut" the rumor is out there.

It may or may not happen but if it does there would be a SMACK UP correction in GBP/USD. I am long from 1.9507 and holding my longs over the weekend (something I seldom do)
  • #49,317
  • Jan 13, 2008 2:23am Jan 13, 2008 2:23am
My view, we might see 2.0200 before end of this month.
"Invest With The Insiders, Not The Masses" George Muzea
  • #49,318
  • Jan 13, 2008 7:19am Jan 13, 2008 7:19am
This mounth end ~1.9035 Area !
  • #49,319
  • Jan 13, 2008 7:52am Jan 13, 2008 7:52am
Quoting FXdaily
This mounth end ~1.9035 Area !
Based on what??

Thought you said 1.92...1.91?
  • #49,320
  • Jan 13, 2008 7:55am Jan 13, 2008 7:55am
Quoting FXdaily
This mounth end ~1.9035 Area !
I know but cable need retracement. What goes down must go up before continue going down again.
"Invest With The Insiders, Not The Masses" George Muzea
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