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Cable Update (GBPUSD)

  • #51,501
  • Jan 30, 2008 7:35pm Jan 30, 2008 7:35pm
Quoting YudhaGBP7
TP 1 1.9720
TP 2 1.9650

Maybe tomorrow... Non Farm Payroll... Yesterday You've just saw ADP Nonfarm, Cable going to south....

A.Y.O.R
GBP/USD will rally my friend.. its going All the way aah let me get my compass.. NORTH

I will be with you SOUTH, if it crosses the level for it to go all the way down..

But right now, its all the way up
  • #51,502
  • Jan 30, 2008 7:40pm Jan 30, 2008 7:40pm
Quoting YudhaGBP7
Pardon... ok sir, will see next 5 hrs...
And the countdown begins now.. tik tok tik tok hehe..
  • #51,503
  • Jan 30, 2008 11:39pm Jan 30, 2008 11:39pm
For all you 1K traders bickering here like my mother in law, wouldn’t you rather please give your view of where you think GBP is going today as I am totally clueless today. The chart are not speaking to me (I think the bulls and bears are also bickering) Please some assistance/guidance/reasoning (Not up cable up or down cable down, please)
  • #51,504
  • Jan 30, 2008 11:52pm Jan 30, 2008 11:52pm
Quoting jacobtrader
Well if market listened to you by this CAPITAL LETTERS. everybody will be patting on your back and seeing YUDHA.. please tell GBP/USD to go up.. please i will give u 50% profit heheh.. jst kiddin around.. dnt mind.


I just want to tell you.. Close your eyes for 5 hours (take a nice nap).. I am doing a Magic show.. And then Open.. GBP/USD will be above 1.99 -

As i mentioned.. Looks like my Magic is working hehe.
Runway trade, the charts are speaking very clearly, if you look deep in to it..
Cable is in Uptrend. Cause it didnt cross the bearish level..
1st) Take your GBP/USD chart, 1 Hour time frame.. Zoom it out a little bit.. what do you at first.. Aahh... an upper trend line.. why not draw it from the 22nd Jan Bottom to todays.. And see what you get a nice trend line isnt it

2nd) Take your GBP/USD Chart again. 1 Hour time frame. Zoom it out a little nicely.. And lets draw fibonnaci now. draw from 27th Jan Double Bottom to the peak of 30th.. What do you see.. A nice reverse? from the Fibonnaci.

And there are lots of other things..

Shall i get a Pat on my Back ?

I hope i helped.. And will be keen to help Anyone, Anytime, Anywhere..
  • #51,505
  • Jan 31, 2008 12:00am Jan 31, 2008 12:00am
hello guys,

i normally not doing trade according H1 but this time its intersting channel creating which is just going perfect

I have draw " W " shape each time it is completing W shape in channel

check my screenshot and you can see we are following the W shape which is already Half target is 9975 try to buy from dip good lower price would be great
Attached Image (click to enlarge)
Click to Enlarge Name: w.gif Size: 19 KB
  • #51,506
  • Jan 31, 2008 12:07am Jan 31, 2008 12:07am
Shall i get a Pat on my Back ?

I hope i helped.. And will be keen to help Anyone, Anytime, Anywhere..[/quote]

OK you get my pat on the back. Standing a little back put some perspective on the subject! Thank you Jacobtrader
  • #51,507
  • Jan 31, 2008 12:25am Jan 31, 2008 12:25am
Quoting Runway Trade
Shall i get a Pat on my Back ?

I hope i helped.. And will be keen to help Anyone, Anytime, Anywhere..
OK you get my pat on the back. Standing a little back put some perspective on the subject! Thank you Jacobtrader[/quote]

Hehe.. this is the way to help each other, and enjoy,, and trade, and earn together
thx buddy.. wish you best luck..
And just a tip.. Buy GBP/USD, it will rally.. dont listen to people who say its bearish.. i will be bearish if it falls below the trend line, but right now, I am all the way bullish until i dont see 2.000 and it will.. As i have done deep study

We also have some GBP news coming, so lets see how the outcome is.
  • #51,508
  • Jan 31, 2008 12:29am Jan 31, 2008 12:29am
Quoting YudhaGBP7
Pardon... ok sir, will see next 5 hrs...
Yudha welcome 1.99
Exactly 5 hours.. Aah it was around 5 hrs 45 mins.. hehe
I hope you long buddy..
  • #51,509
  • Jan 31, 2008 12:34am Jan 31, 2008 12:34am
USDhttp://www.forexfactory.com/images/m...mpact_high.gifADP Nonfarm Employment Change
http://www.forexfactory.com/images/m...etail_star.gif 130K
40K37Khttp://www.forexfactory.com/images/m...us_revised.gif

and Non farm Employment Change.

What is the differance between the two, and if the first one was good does it mean the second one will also be good sending cable down again?
  • #51,510
  • Jan 31, 2008 12:37am Jan 31, 2008 12:37am
If anyone is wondering why cable suddenly went down it is because I put a long trade in at 1.9898! It happens every time!
  • #51,511
  • Jan 31, 2008 12:48am Jan 31, 2008 12:48am
Quoting Runway Trade
If anyone is wondering why cable suddenly went down it is because I put a long trade in at 1.9898! It happens every time!
on a short time scale, the 61.8% fib from the spike high after the rate announcement to tonight's low is at 1.9905. 38.2% is at 1.9874. Also, RSI and Stoc are overbought on 15min. It should not drop past 1.9874 before moving up past 1.9905 again. IMO
  • #51,512
  • Jan 31, 2008 12:50am Jan 31, 2008 12:50am
Quoting jacobtrader
Yudha welcome 1.99
Exactly 5 hours.. Aah it was around 5 hrs 45 mins.. hehe
I hope you long buddy..
Sorry for late reply bro, just came home from campus.
Then... your magic works.. congrats bro...
SL already hit, but in +++ pips
i wasn't place a buy order because i am confident that cable will going to south.

Now,better wait nationwide news in just 10 minutes to go...
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #51,513
  • Jan 31, 2008 12:57am Jan 31, 2008 12:57am
prepare, 4 mins and that news the one who could rock the cable.
way up or down.
  • #51,514
  • Jan 31, 2008 1:05am Jan 31, 2008 1:05am
Somewhat good data.. should help GBP.
  • #51,515
  • Jan 31, 2008 1:07am Jan 31, 2008 1:07am
Quoting Runway Trade
USDhttp://www.forexfactory.com/images/m...mpact_high.gifADP Nonfarm Employment Change
http://www.forexfactory.com/images/m...etail_star.gif 130K
40K37Khttp://www.forexfactory.com/images/m...us_revised.gif

and Non farm Employment Change.

What is the differance between the two, and if the first one was good does it mean the second one will also be good sending cable down again?
one is private and one is government i think ,I have seen figures differ between the two though so don't rely on it being a good figure ,got to agree pretty much with jacobtrader in everything he says,although I'm not sure were on that trend line we are on the up ,the interest rate differential is large again and I'm really not seeing uk slashing rates in the same manner,so welcome back the carry trade
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #51,516
  • Jan 31, 2008 1:09am Jan 31, 2008 1:09am
Well iam going short righ now since it broke the up trend line and its bouncing of a 61.8 fib to go short...what do you guys think?
  • #51,517
  • Jan 31, 2008 1:17am Jan 31, 2008 1:17am
Quoting jets211990
Well iam going short righ now since it broke the up trend line and its bouncing of a 61.8 fib to go short...what do you guys think?
Thats true.. but it will hold at 1.9870 level..
  • #51,518
  • Jan 31, 2008 1:26am Jan 31, 2008 1:26am
Quoting jets211990
Well iam going short righ now since it broke the up trend line and its bouncing of a 61.8 fib to go short...what do you guys think?
Maybe you could share your charts, becouse i see, that cable bounced from 61.8 fibo on H4 chart to go long.
Attached Image (click to enlarge)
Click to Enlarge Name: cable_chart.gif Size: 9 KB
  • #51,519
  • Jan 31, 2008 1:33am Jan 31, 2008 1:33am
Quoting Designer1
hello guys,

i normally not doing trade according H1 but this time its intersting channel creating which is just going perfect

I have draw " W " shape each time it is completing W shape in channel

check my screenshot and you can see we are following the W shape which is already Half target is 9975 try to buy from dip good lower price would be great
Let's try a Buy Limit @ 19850. Matches where price should intersect your channel + 0.76 H15 fib 19844 + weekly 29Apr07 low 19843
Darkness lies one inch ahead..
  • #51,520
  • Jan 31, 2008 1:49am Jan 31, 2008 1:49am
i think cablle going to touch the trendline bottom side may be news effect
once touch it will bounce from 9835 area and goes long if break then down
Attached Image (click to enlarge)
Click to Enlarge Name: c.gif Size: 22 KB
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