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Cable Update (GBPUSD)

  • #51,601
  • Feb 1, 2008 3:10am Feb 1, 2008 3:10am
yep cable is confused right now..its interesting to see nobody seems to have a clear direction of which way its heading, which makes me feel better cause im lost....theres no way i can place a trade right now but it kinda looks like in the cosolidation period that the bears have more control to me
the 55 ema seems to causing a resistance too on daily chart

it looks like maybe a short even thou right now we are progressing on the previous day.....lot of attemtps to break upper resistance seem to keep failing?
what do u guys think?
  • #51,602
  • Feb 1, 2008 3:17am Feb 1, 2008 3:17am
30m chart: triangle/diamond approaching b/o

à diamond top formation is a technical analysis reversal pattern that is used to signal the end of an uptrend. This relatively uncommon pattern is found by identifying a period in which the price trend of an asset starts to widen and then starts to narrow. This pattern is called a diamond because of the shape it creates on a chart.
Attached Image (click to enlarge)
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  • #51,603
  • Feb 1, 2008 3:19am Feb 1, 2008 3:19am
Quoting camisa
30m chart: triangle/diamond approaching b/o
I think you are talking about this one?
Attached Image (click to enlarge)
Click to Enlarge Name: cable_triangle.gif Size: 14 KB
  • #51,604
  • Feb 1, 2008 3:57am Feb 1, 2008 3:57am
anyway, pattern formations suck, so my guess for today is it's going up; buy area around 9890
  • #51,605
  • Feb 1, 2008 4:00am Feb 1, 2008 4:00am
FXdaily Said i heared some guys yesterday aksed where im and want listen my position before NEWs oookey there we go :SELL Cable before NEWs 3 minutes we ride 50......100 pipses down
  • #51,606
  • Feb 1, 2008 4:32am Feb 1, 2008 4:32am
Quoting deboooo2005
FXdaily Said i heared some guys yesterday aksed where im and want listen my position before NEWs oookey there we go :SELL Cable before NEWs 3 minutes we ride 50......100 pipses down
i think moderator should give Fxdaily a second chance...
Never Give Up.....
  • #51,607
  • Feb 1, 2008 4:34am Feb 1, 2008 4:34am
Quoting lessy
i think moderator should give Fxdaily a second chance...
definately second chance should be given... i think we all want to see fxdaily here again
  • #51,608
  • Feb 1, 2008 4:45am Feb 1, 2008 4:45am
Quoting lessy
i think moderator should give Fxdaily a second chance...
here is a place for talking about cable and explain our analysis.. the reason that fxdaily was dissmissed was because he was only giving trading calls, never explained why he did, never showed his analysis and was using very rude language when people argued with him.

I think he is a good boy but if you violate the rules you just get fire.. simple as this.
  • #51,609
  • Feb 1, 2008 4:54am Feb 1, 2008 4:54am
Quoting forexguru
I think he is a good boy but if you violate the rules you just get fire.. simple as this.
i agree, what is the need of rude language, if someone doesn't behave he gets kicked out, that's what moderators are for
  • #51,610
  • Feb 1, 2008 5:02am Feb 1, 2008 5:02am
I say bring FX back if he does not use bad words again. It was always fun reading his calls.

It think even if non-farm figures are not as forecast and just a little worse then forcast but better than previous cable going down, only if worse than previous will send cable up. I think cable going down after news than only up. How far down, anybodies guess!
  • #51,611
  • Feb 1, 2008 5:44am Feb 1, 2008 5:44am
hi acid guy...hi everybody...happy trading....NFP is about to happen...any tips,opinion ?
  • #51,612
  • Feb 1, 2008 6:03am Feb 1, 2008 6:03am
short @ 1.9931
  • #51,613
  • Feb 1, 2008 6:13am Feb 1, 2008 6:13am
Quoting deboooo2005
short @ 1.9931
nice one

I think we are going to see 2.0015 later, could it be?
  • #51,614
  • Feb 1, 2008 6:15am Feb 1, 2008 6:15am
Quoting deboooo2005
short @ 1.9931
closed @ 1.9892 = 39 profit
  • #51,615
  • Feb 1, 2008 6:21am Feb 1, 2008 6:21am
Moderators - bring back Fxdaily, he already suffered enought and we without him
  • #51,616
  • Feb 1, 2008 6:40am Feb 1, 2008 6:40am
Quoting albertotralzt
nice one

I think we are going to see 2.0015 later, could it be?

seems not
  • #51,617
  • Feb 1, 2008 6:41am Feb 1, 2008 6:41am
A nice correction by GBP/USD.. nice place to buy now
  • #51,618
  • Feb 1, 2008 6:42am Feb 1, 2008 6:42am
I have showed in this morning almost completed triangle on cable. Look how beautiful it rides
Attached Image (click to enlarge)
Click to Enlarge Name: cable_triangle_completed.gif Size: 13 KB
  • #51,619
  • Feb 1, 2008 6:42am Feb 1, 2008 6:42am
Everyone Be Ready to see 2.00

Do you guys see just about 1 Hour left to NFP.. these Banks bring the Price of GBP/USD at such level, that It will be ready to fly like a rocket upside... haha..
  • #51,620
  • Feb 1, 2008 6:47am Feb 1, 2008 6:47am
Quoting jacobtrader
Everyone Be Ready to see 2.00

Do you guys see just about 1 Hour left to NFP.. these Banks bring the Price of GBP/USD at such level, that It will be ready to fly like a rocket upside... haha..
i hope that too... but, could you tell me your reason why cable going up since we don't know NFP result yet....
thanx..
Never Give Up.....
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