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Cable Update (GBPUSD)

  • #50,701
  • Jan 22, 2008 9:08pm Jan 22, 2008 9:08pm
it's a tough day to predict things...
  • #50,702
  • Jan 22, 2008 9:29pm Jan 22, 2008 9:29pm
so wild these day...dont know where its heading...
money is for living
  • #50,703
  • Jan 22, 2008 9:31pm Jan 22, 2008 9:31pm
well, how bout this one: I think that the gdp will be terrible because retail sales was soooo baadddddd!!!..........
  • #50,704
  • Jan 22, 2008 9:36pm Jan 22, 2008 9:36pm
Quoting AmeriTrini
well, how bout this one: I think that the gdp will be terrible because retail sales was soooo baadddddd!!!..........
going up i guess?hmmm..no clue at all...so i better stay out for the moment
money is for living
  • #50,705
  • Jan 22, 2008 9:46pm Jan 22, 2008 9:46pm
..helloooooow,how's cable doing,after loosing more than a 100pips this morning,now i'm shorting this & hope its gonna be fine!
  • #50,706
  • Jan 22, 2008 10:04pm Jan 22, 2008 10:04pm
Quoting AmeriTrini
well, how bout this one: I think that the gdp will be terrible because retail sales was soooo baadddddd!!!..........
im kinda agree with you...
  • #50,707
  • Jan 22, 2008 10:08pm Jan 22, 2008 10:08pm
Following the stock markets, I'm thinking more downward movement. Dow was still down for the day & Nikkei is currently only up about 90 points after being way up earlier.
  • #50,708
  • Jan 22, 2008 10:39pm Jan 22, 2008 10:39pm
hello...good evening (it's 8:38 pm here)...i'm back

i think the only reason the dollar has freefall is because the US gov't is flooding the market with gold to depress the price....we'll see what the BOE have to say later...
  • #50,709
  • Jan 22, 2008 11:22pm Jan 22, 2008 11:22pm
Yesterday cable retracted all the way back to the 61.8% level and then slowly went down to the 50% level. I think it will pul back slightly now, maybe retest 61.8 and then we are all the way down to 1.9509, 1.9444,1.9338 and then possibly 1.9166. I also think gdp will be bad and as for the interest rate vote only a rate increase vote will prevent it from dropping, and I dont think that is likely. So for me it is look for the gap and short! S/L 1.9650
  • #50,710
  • Jan 22, 2008 11:32pm Jan 22, 2008 11:32pm
market activity is amazing different from everyday

but today i am hopeing for the 1.9700 numbers hit

i can think for long what u think guys?
  • #50,711
  • Jan 22, 2008 11:38pm Jan 22, 2008 11:38pm
Quoting Designer1
market activity is amazing different from everyday

but today i am hopeing for the 1.9700 numbers hit

i can think for long what u think guys?
What is your thinking for long?
  • #50,712
  • Jan 22, 2008 11:42pm Jan 22, 2008 11:42pm
[quote=Runway Trade;1815934]Yesterday cable retracted all the way back to the 61.8% level and then slowly went down to the 50% level. I think it will pul back slightly now, maybe retest 61.8 and then we are all the way down...]

I see the same thing on my chart as well and the same thought came across my mind as far as a pull back to 61.8 and then another drop. I have also noticed pullback to Fibo resistance/support on other dollar pairs as well. We may have to wait a bit to get strong direction though.
  • #50,713
  • Jan 22, 2008 11:47pm Jan 22, 2008 11:47pm
well well, we have a winner!!!
  • #50,714
  • Jan 23, 2008 12:02am Jan 23, 2008 12:02am
Quoting AmeriTrini
well well, we have a winner!!!
  • #50,715
  • Jan 23, 2008 12:11am Jan 23, 2008 12:11am
Quoting Designer1
market activity is amazing different from everyday

but today i am hopeing for the 1.9700 numbers hit

i can think for long what u think guys?
please don't think
If I Go Broke Trying Then I Will die happy.
  • #50,716
  • Jan 23, 2008 12:14am Jan 23, 2008 12:14am
Quoting Designer1
market activity is amazing different from everyday

but today i am hopeing for the 1.9700 numbers hit

i can think for long what u think guys?


Quoting Moe
please don't think


  • #50,717
  • Jan 23, 2008 12:25am Jan 23, 2008 12:25am
pivot level 1.9525 . Immediate resistance seen at 1.9713 while support seen at 1.9421 .
  • #50,718
  • Jan 23, 2008 12:31am Jan 23, 2008 12:31am
Quoting deboooo2005
pivot level 1.9525 . Immediate resistance seen at 1.9713 while support seen at 1.9421 .
I like your pivot S&R.. same like mine but the question is where cable will go..will break pivot and hit support or from pivot will hit resistance... need to watch.

Did you get my PM?
"Invest With The Insiders, Not The Masses" George Muzea
  • #50,719
  • Jan 23, 2008 12:38am Jan 23, 2008 12:38am
Quoting Qu|cksilver
I like your pivot S&R.. same like mine but the question is where cable will go..will break pivot and hit support or from pivot will hit resistance... need to watch.

Did you get my PM?
really its seems going up ... but need to watch better

i send u PM
  • #50,720
  • Jan 23, 2008 12:40am Jan 23, 2008 12:40am
Quoting Qu|cksilver
I like your pivot S&R.. same like mine but the question is where cable will go..will break pivot and hit support or from pivot will hit resistance... need to watch.

Did you get my PM?
from pivot if cable is mor than 50 pips difference in up or down side we can say cable will reach the resisstance or support thats what i believe thats why i told cable can go long
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