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Cable Update (GBPUSD)

  • #49,321
  • Jan 13, 2008 8:18am Jan 13, 2008 8:18am
ANother expert opinon

http://www.actionforex.com/technical...2008011234809/
  • #49,322
  • Jan 13, 2008 9:24am Jan 13, 2008 9:24am
Just a view maybe
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"Millionaires don't use astrology, billionaires do"
  • #49,323
  • Jan 13, 2008 10:36am Jan 13, 2008 10:36am
Quoting TIckerShuffl
Based on what??

Thought you said 1.92...1.91?
Yes thats my targeting next week .
  • #49,324
  • Jan 13, 2008 10:44am Jan 13, 2008 10:44am
Quoting OrionsWay
Just a view maybe
There is no ratrace we going 1.92...area with that week
  • #49,325
  • Jan 13, 2008 10:49am Jan 13, 2008 10:49am
GBP/USD is in bearish trend..
It will hit 1.9185 level.. And rebound from there..
Technically its bearish.. No matter USD is bearish as well.. But GBP is bearish as well more than USD.. so the Pair GBP/USD pushes down...
And then we see a rise to 2.0 and then i think fall again when BOE rate announcement comes again..
thats the best retracement Eye piece..
  • #49,326
  • Jan 13, 2008 10:55am Jan 13, 2008 10:55am
You guys are really sticking to that march 2007 low. I don't think so. That was a gap down that quickly retraced. .93 maybe, but keep hope alive!
  • #49,327
  • Jan 13, 2008 12:31pm Jan 13, 2008 12:31pm
There we go with 2 week !!!
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  • #49,328
  • Jan 13, 2008 1:12pm Jan 13, 2008 1:12pm
Quoting jacobtrader
GBP/USD is in bearish trend..
It will hit 1.9185 level.. And rebound from there..
Technically its bearish.. No matter USD is bearish as well.. But GBP is bearish as well more than USD.. so the Pair GBP/USD pushes down...
And then we see a rise to 2.0 and then i think fall again when BOE rate announcement comes again..
thats the best retracement Eye piece..

Hi:

Is there any relationship with gbp/usd and gbp/jpy?

Thanks
Zee
ZHK
  • #49,329
  • Jan 13, 2008 1:56pm Jan 13, 2008 1:56pm
Quoting zhkzhk
Hi:

Is there any relationship with gbp/usd and gbp/jpy?

Thanks
Zee
JPY is strong so GBP/JPY will pull down compared to GBP strength.

GBP/USD - USD is strong comparable to GBP.. GBP is weaker to USD..

So GBP/USD will pull down as well. but it will retrace..

1st) We have BOJ Rate decision coming up.. So if any Hike.. GBP/JPY goes way deep down.. This will effect slight to GBP/USD

But we have FED Rate decision too, USD Weaknes.. GBP/USD rolls back up.
GBP/JPY Retraces back up.. digests and then falls down.. when we meet BOE Rate Decision..

So here i told you the cycle hehe my view
  • #49,330
  • Jan 13, 2008 1:57pm Jan 13, 2008 1:57pm
Quoting FXdaily
There we go with 2 week !!!
GOOD Work..
I Agree with you there.. Definately...
  • #49,331
  • Edited 6:28pm Jan 13, 2008 2:04pm | Edited 6:28pm
Quoting jacobtrader

But we have FED Rate decision too, USD Weaknes.. GBP/USD rolls back up.
GBP/JPY Retraces back up.. digests and then falls down.. when we meet BOE Rate Decision..

So here i told you the cycle hehe my view
which BOE rate decision? Perhaps the zero interest rate change is result of prior knowledge to todays CPI and PPI data? hmmmm...
  • #49,332
  • Jan 13, 2008 7:23pm Jan 13, 2008 7:23pm
Quoting FXdaily
There is no ratrace we going 1.92...area with that week

not sure that is possible straight away with the last 2 daily bars seemed to exhaust the sellers for now dont u think.
"Millionaires don't use astrology, billionaires do"
  • #49,333
  • Jan 13, 2008 8:36pm Jan 13, 2008 8:36pm
Quoting OrionsWay
not sure that is possible straight away with the last 2 daily bars seemed to exhaust the sellers for now dont u think.
yes i think so, the cable is seriously oversold, therefore im expecting a upward surprise on its inflation data, while us inflation data will be neutral.
  • #49,334
  • Jan 13, 2008 11:46pm Jan 13, 2008 11:46pm
imho, even that the mid-term momentum for the cable is bearish we can see a minor upward for today..
indicators are bullish on H1 and stochs is pointing down with price consodilation.. anyhow.. a break thro 616 will push the price higher..
trade safe
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  • #49,335
  • Jan 13, 2008 11:54pm Jan 13, 2008 11:54pm
All the indecision of cable going up or down lets me believe we are at a turning point. We have 1K traders here saying “definitely up” and others saying “definitely down”, hence the indecision! Indecision could indicate a turning point like a spinning top. If you take the weekly price touched the 100ema for the first time which is also the 38.2% Fib level. This is a retrenchment level from the Nov 07. Both these indicate that cable should be going up, BUT on the 4H the 100ema is still showing a steady down trend with very little respect for Fib levels, indicators are in the 50% level. This indicates that there is still room for down movement.

From this I think that price will come down today and tomorrow and the star going up to finish the week higher at around 1.98xx as higher time frames are usually correct.
  • #49,336
  • Jan 14, 2008 12:02am Jan 14, 2008 12:02am
Quoting Runway Trade
All the indecision of cable going up or down lets me believe we are at a turning point. We have 1K traders here saying “definitely up” and others saying “definitely down”, hence the indecision! Indecision could indicate a turning point like a spinning top. If you take the weekly price touched the 100ema for the first time which is also the 38.2% Fib level. This is a retrenchment level from the Nov 07. Both these indicate that cable should be going up, BUT on the 4H the 100ema is still showing a steady down trend with very little respect for Fib levels, indicators are in the 50% level. This indicates that there is still room for down movement.

From this I think that price will come down today and tomorrow and the star going up to finish the week higher at around 1.98xx as higher time frames are usually correct.

seems like a possibility, atleast we are on the consenus for a higher finish this week. If the latter is correct, this is the turn.
  • #49,337
  • Jan 14, 2008 12:08am Jan 14, 2008 12:08am
Quoting Bones
I love triangles,my favourite pattern

Quoting AmeriTrini
a triangle is a shape, not a pattern.............lol............
[quote=Bones;1788473]I knew someone would say that when I read it back on post,sorry I really never spent much time at school!quote]

Quoting Carrera
hmmm, actually, triangles are patterns.
H&S
Double tops and botom
Broadening
all patterns,

pattern = shape

Quoting AmeriTrini
tell that to a geometry teacher and watch them laugh at you. I can tell you didnt do very well at math, which is sad cuz you could do alot of damage in the forex with a very good math background.
AmeriTrini, I don't know your background but the way your are talking in this post to me, looks like you are an ignorant. First, take some classes about basic english (gramma) before talk about geometry.

Pattern, SYNONIMOUS: shape, form, style, etc. etc...

Thanks God I'm profitable now after blew not 1, 2, 3 accounts, but 5 and belive me, that was the best backgoround I ever had and don't worry about this, it was money to spend.

Now, There are 194,000 sites (Google) when you write "Chart Triangle Pattern", are them all wrong according to you that triangles are shapes?

When I write something here I always attach proof of what I'm talking.
Bellow my Daily chart there is something for you.

Please, don't make me waste any more time in these stupidities.


For those whom want to talk about cable, here is my daily chart opinion.

Good day.

PS. Traders my english is not as good as your, sorry for any errors, it is my second language.
  • #49,338
  • Jan 14, 2008 12:13am Jan 14, 2008 12:13am
What the F_ck was that price jump about. I just entered a short and the price went flying?????
  • #49,339
  • Jan 14, 2008 12:14am Jan 14, 2008 12:14am
  • #49,340
  • Jan 14, 2008 12:16am Jan 14, 2008 12:16am
[quote=Carrera;1800057]
Quoting Bones
I knew someone would say that when I read it back on post,sorry I really never spent much time at school!quote]






AmeriTrini, I don't know your background but the way your are talking in this post to me, looks like you are an ignorant. First, take some classes about basic english (gramma) before talk about geometry.

Pattern, SYNONIMOUS: shape, form, style, etc. etc...

Thanks God I'm profitable now after blew not 1, 2, 3 accounts, but 5 and belive me, that was the best backgoround I ever had and don't worry about this, it was money to spend.

Now, There are 194,000 sites (Google) when you write "Chart Triangle Pattern", are them all wrong according to you that triangles are shapes?

When I write something here I always attach proof of what I'm talking.
Bellow my Daily chart there is something for you.

Please, don't make me waste any more time in these stupidities.


For those whom want to talk about cable, here is my daily chart opinion.

Good day.

PS. Traders my english is not as good as your, sorry for any errors, it is my second language.

I would say that triangles are a shape that could be part of a pattern, but not a pattern of itself. Like a series of triangles are a pattern.... anyway, look at the pound and the euro go up!

Myke. Peace.....
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