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Cable Update (GBPUSD)

  • #51,521
  • Jan 30, 2008 11:50pm Jan 30, 2008 11:50pm
I'm not going to be trading Cable for the rest of this week.

Let's see what NFP brings hey...
  • #51,522
  • Jan 31, 2008 12:01am Jan 31, 2008 12:01am
up, retracement level not broken
Attached Image (click to enlarge)
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  • #51,523
  • Jan 31, 2008 12:33am Jan 31, 2008 12:33am
cable should go up now! for 9970
  • #51,524
  • Jan 31, 2008 12:43am Jan 31, 2008 12:43am
Quoting Designer1
cable should go up now! for 9970
Very unussual question - why?

From one side I agree, becouse cable is at the bottom of his channel, so we could probably see bouncing up, but yesterdays high was 1.9950, now it will be strong resistance, also - a lot of fundamentals for UK, probably it will be worse, according to economy slow down.
  • #51,525
  • Jan 31, 2008 12:53am Jan 31, 2008 12:53am
Quoting sDRs
Very unussual question - why?

From one side I agree, becouse cable is at the bottom of his channel, so we could probably see bouncing up, but yesterdays high was 1.9950, now it will be strong resistance, also - a lot of fundamentals for UK, probably it will be worse, according to economy slow down.
the reason why i am telling cable should go up 9970 because he already
give us hint

he break my channel upside and come back again in my trendline

23.6 or 50% fibo is reversal zone which cable completed and now

when cable left partial rise declien which means he will break that high
and touch the top side channel which 9970 arround

cable must go up all history telling same thing of chart whenever partial rise declien cable goes up 100%
  • #51,526
  • Jan 31, 2008 12:54am Jan 31, 2008 12:54am
I want to go long. But where to point?

The enter point after the breakout of the triangle.
Just an opinion. Trade at ur on risk.

http://img90.imageshack.us/img90/935...1012008bp3.gif





http://img90.imageshack.us/img90/673...1012008ei8.gif



http://img352.imageshack.us/img352/8...1012008lq2.gif
  • #51,527
  • Jan 31, 2008 1:40am Jan 31, 2008 1:40am
IMO, Bearish wedge still confirm (RED LINE). n Remember tomorrow Non Farm Payroll n next week BOE IR statement, may cut IR, who knows??

A.Y.O.R
Attached Image (click to enlarge)
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"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #51,528
  • Jan 31, 2008 2:02am Jan 31, 2008 2:02am
up cable up
  • #51,529
  • Jan 31, 2008 2:06am Jan 31, 2008 2:06am
do see cable going up to at least 9907
  • #51,530
  • Jan 31, 2008 2:12am Jan 31, 2008 2:12am
Im seeing a rising channel forming on my daily,im sure uk wont slash rates ,house prices up 6% on year,(probebley 30% +in last 4years)british can not handle low rates ,would b a signal to borrow again ,we have been borrowing to the max .
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #51,531
  • Jan 31, 2008 2:35am Jan 31, 2008 2:35am


easy money.

enjoy.
  • #51,532
  • Jan 31, 2008 3:46am Jan 31, 2008 3:46am
what easy money? hmm..market up and down..can u hold long enuf to survive..not just one wave..with all due respect..there is no such an easy money thingy.Cheers

Quoting eye4spot


easy money.

enjoy.
  • #51,533
  • Jan 31, 2008 4:01am Jan 31, 2008 4:01am
Quoting eye4spot


easy money.

enjoy.
Can you teach me your magical "easy money" method?
  • #51,534
  • Jan 31, 2008 4:27am Jan 31, 2008 4:27am
still cable is not down

it still can reach 9970 today last bottom channel 9850 if break then down but
again cable left the partial rise declien thats mean still more go up till 9970 or tommorrow 2.0100 area
  • #51,535
  • Jan 31, 2008 4:31am Jan 31, 2008 4:31am
Guys,

i see triple bottom on 30 min chart is completed, so we should see cable going south
Attached Image (click to enlarge)
Click to Enlarge Name: cable_3bottom.gif Size: 12 KB
  • #51,536
  • Jan 31, 2008 4:34am Jan 31, 2008 4:34am
Quoting sDRs
Guys,

i see triple bottom on 30 min chart is completed, so we should see cable going south
correct
  • #51,537
  • Jan 31, 2008 4:39am Jan 31, 2008 4:39am
I see fxdaily watching the forum but he is gray...!

That is why this thread is much more quiet now.

He was a passion type of trader, not trading with logic than by passion.. hopefully he will be a better trader in the coming years as he is only 22. But I think he has a good future as a trader.
  • #51,538
  • Jan 31, 2008 4:39am Jan 31, 2008 4:39am
Quoting forexguru
correct
still not down - need to see it will again break the last high 9944 today
  • #51,539
  • Jan 31, 2008 4:41am Jan 31, 2008 4:41am
Quoting forexguru
I see fxdaily watching the forum but he is gray...!

That is why this thread is much more quiet now.

He was a passion type of trader, not trading with logic than by passion.. hopefully he will be a better trader in the coming years as he is only 22. But I think he has a good future as a trader.
not only FXdaily but we are missing Quicksilver too

havent seen qs from long time
  • #51,540
  • Jan 31, 2008 4:41am Jan 31, 2008 4:41am
Maybe its time to allow FXdaily post his comments?
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