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Cable Update (GBPUSD)

  • #50,461
  • Jan 21, 2008 2:42pm Jan 21, 2008 2:42pm
Quoting Moe
yep he been ban, i don't know for how long, it could be forever.
Yeah, we don't know for what reason. Maybe calling longs in a bear market without giving any logical reason as to why (I am almost sure some people got burned). People should start posting along with their calls if it is a scalp, long term, insider information, or whatever it is that is making them itch to make the call.
Humble Lifetime Member
  • #50,462
  • Jan 21, 2008 3:35pm Jan 21, 2008 3:35pm
15:28 GBP/USD: Eyeing 1.9450 Bids, Stops Touted Below 1.9450 London, January 21. Cable has eased to fresh 10-month lows just shy of touted bids at 1.9450 as the high-yielding pound continues to suffer on the back of global equity market weakness. Some sell stops reportedly reside below 1.9450.
An exotic option barrier is located at 1.9400, so some option-related demand might emerge ahead of the figure if it is threatened. Sub-figure bear targets include 1.9360 and 1.9300.
Sterling resistance levels include 1.9483 (Jan 11 low), 1.9506 (today"s Asian session base) and 1.9513 (Friday"s floor).
  • #50,463
  • Jan 21, 2008 3:58pm Jan 21, 2008 3:58pm
Hi..

Morning all...

Do you think cable will go down again?
"Invest With The Insiders, Not The Masses" George Muzea
  • #50,464
  • Jan 21, 2008 3:58pm Jan 21, 2008 3:58pm
http://img250.imageshack.us/img250/8595/skyson48sv2.gif

Daily trend still very very "BEAR" .
  • #50,465
  • Jan 21, 2008 4:04pm Jan 21, 2008 4:04pm
Quoting Ash
Yeah, we don't know for what reason. Maybe calling longs in a bear market without giving any logical reason as to why (I am almost sure some people got burned). People should start posting along with their calls if it is a scalp, long term, insider information, or whatever it is that is making them itch to make the call.
If that is why, serves him right.

There are inexperienced / newbie traders here who come on these forums to gauge the market and help them with their trades.

Making sweeping illogical statements like the ones mentioned is very irresponsible.

Yes, I know everyone takes responsibility for their actions, but lets keep things consistent with the Forex Factory ethos.
  • #50,466
  • Jan 21, 2008 4:13pm Jan 21, 2008 4:13pm
Quoting forexmoments
If that is why, serves him right.

There are inexperienced / newbie traders here who come on these forums to gauge the market and help them with their trades.

Making sweeping illogical statements like the ones mentioned is very irresponsible.

Yes, I know everyone takes responsibility for their actions, but lets keep things consistent with the Forex Factory ethos.
"Invest With The Insiders, Not The Masses" George Muzea
  • #50,467
  • Jan 21, 2008 4:24pm Jan 21, 2008 4:24pm
Forex - Dollar higher against euro, sterling amid fears US recession will spread


(AFX UK Focus) 2008-01-21 23:33 GMT:

SYDNEY (Thomson Financial) - The US dollar extended gains against the euro and sterling but fell further against the yen midway through the morning session in Sydney on Tuesday after European shares plunged on US recession fears, prompting investors to reverse their positions in the euro and move into safe-haven currencies such as the yen and Swiss franc.

All the major markets in Europe lost between 5 and 7 percent overnight as Euro group president Jean-Claude Juncker conceded a US recession can no longer be ruled out.

With US markets closed for the Martin Luther King public holiday, investors used the precipitous decline of Asian markets to guide them.....

Read more : Forex - Dollar higher against euro, sterling amid fears US recession will spread
  • #50,468
  • Jan 21, 2008 4:36pm Jan 21, 2008 4:36pm
I don't know what is Elliot Wave? Is it true for Cable???

I can't find 5-3 Elliot Wave in Cable anymore.
  • #50,469
  • Jan 21, 2008 5:07pm Jan 21, 2008 5:07pm
FXdaily was arguing with someone yesterday and started swearing, maybe that is why he is suspended...
  • #50,470
  • Jan 21, 2008 5:10pm Jan 21, 2008 5:10pm
Quoting pip me
FXdaily was arguing with someone yesterday and started swearing, maybe that is why he is suspended...
This is forex.. no need to argue must respect others.
"Invest With The Insiders, Not The Masses" George Muzea
  • #50,471
  • Jan 21, 2008 5:15pm Jan 21, 2008 5:15pm
Quoting Qu|cksilver
This is forex.. no need to argue must respect others.
Yes, and he said st that was very rude. Even if he is good, but what he said marked him 0 in personality point.

Any idea about cable tmr and about BOE speaks???
  • #50,472
  • Jan 21, 2008 5:22pm Jan 21, 2008 5:22pm
Quoting Qu|cksilver
This is forex.. no need to argue must respect others.
Everyday I check in this thread, but do not make any comments because I find that some of the discussions are distasteful. Please be responsible and respectful on all your comments. We are all trying to make honest money. Lets keep it clean.
  • #50,473
  • Jan 21, 2008 5:31pm Jan 21, 2008 5:31pm
wow the cable has a confirmed bias to go down now, any news that is positive for the cable should provide a nice area for a sell, that is, until we reach 1.9180..........

happy trading, many pips to all!!
  • #50,474
  • Jan 21, 2008 5:31pm Jan 21, 2008 5:31pm
Quoting thucai
Yes, and he said st that was very rude. Even if he is good, but what he said marked him 0 in personality point.

Any idea about cable tmr and about BOE speaks???
No idea but im long from 1.9389
"Invest With The Insiders, Not The Masses" George Muzea
  • #50,475
  • Jan 21, 2008 5:47pm Jan 21, 2008 5:47pm
Quoting Qu|cksilver
No idea but im long from 1.9389
Nice one
"Millionaires don't use astrology, billionaires do"
  • #50,476
  • Jan 21, 2008 5:57pm Jan 21, 2008 5:57pm
Quoting Qu|cksilver
No idea but im long from 1.9389
why do you think it will go up?, I was positioned to go up myself but now since it broke a major support area, it should go down till about 1.9180. Not so? I think that this will coincide with the fed meeting. I guess im sayin that I expect this pair to go down now until the fed meeting.
  • #50,477
  • Jan 21, 2008 5:58pm Jan 21, 2008 5:58pm
I'm thinking it might go up to 1.9566 maybe..
"Invest With The Insiders, Not The Masses" George Muzea
  • #50,478
  • Jan 21, 2008 5:59pm Jan 21, 2008 5:59pm
Quoting AmeriTrini
why do you think it will go up?, I was positioned to go up myself but now since it broke a major support area, it should go down till about 1.9180. Not so? I think that this will coincide with the fed meeting. I guess im sayin that I expect this pair to go down now until the fed meeting.

Where is the major support area?
"Invest With The Insiders, Not The Masses" George Muzea
  • #50,479
  • Jan 21, 2008 6:06pm Jan 21, 2008 6:06pm
1.9450 - 1.9500

what do you think?
  • #50,480
  • Jan 21, 2008 6:07pm Jan 21, 2008 6:07pm
Quoting AmeriTrini
why do you think it will go up?, I was positioned to go up myself but now since it broke a major support area, it should go down till about 1.9180. Not so? I think that this will coincide with the fed meeting. I guess im sayin that I expect this pair to go down now until the fed meeting.
Ameri,
Good analysis. Looking at monthly and weekly support, I see the price going to 1.9225 area.
- WaveRider3
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