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Cable Update (GBPUSD)

  • #51,901
  • Feb 4, 2008 8:14am Feb 4, 2008 8:14am
Quoting camisa
boring? we have already moved 156 pips today!

you should have been here in april to see what boring is!
i said the american session is boring... 15 pip movement... otherwise asian and european was a delight for me
  • #51,902
  • Feb 4, 2008 8:45am Feb 4, 2008 8:45am
cable is going down?
  • #51,903
  • Feb 4, 2008 8:45am Feb 4, 2008 8:45am
IF Break that 20 wma (yellow MA) on M30 chart together with the 38.2% Fibbo... my target profit is the 30sma (Purple MA).
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd719a.PNG Size: 53 KB
  • #51,904
  • Feb 4, 2008 8:49am Feb 4, 2008 8:49am
Asian was a bit slow, euro was pretty nice tho. Just closed out and put a buy stop above the resistance. Maybe it'll break, maybe it won't. It's been fighting the weekly pivot for the last few hours it seems.

Kind of strange tho, look at the GBPCHF... it's already completed the rebound.
  • #51,905
  • Feb 4, 2008 8:50am Feb 4, 2008 8:50am
Down Cable You Trash!
  • #51,906
  • Feb 4, 2008 8:52am Feb 4, 2008 8:52am
ok right now it does not seem good for bulls anymore... gbpjpy a.k.a beast is going south thanx to dow... and bringing cable down with it..

Still holding longs but not comfortable.
Right now we are below daily pivot, american pivot and weekly pivot.

Darn you 4H 50 EMA...
  • #51,907
  • Feb 4, 2008 9:05am Feb 4, 2008 9:05am
i think cable will go up... the last candle closed not passed the half way previous candle(H4)... especially after retracement 50% fibo.. time to go up..
Never Give Up.....
  • #51,908
  • Feb 4, 2008 9:07am Feb 4, 2008 9:07am
Quoting lessy
i think cable will go up... the last candle closed not passed the half way previous candle(H4)... especially after retracement 50% fibo.. time to go up..
are u sure??
  • #51,909
  • Feb 4, 2008 9:14am Feb 4, 2008 9:14am
Quoting hilmiy2k
are u sure??
1.9624 becomes the new low that needs before going up....
which higher than the last low 1.9336 since start the uptrend...
i might be wrong...
but we all know that we have to be confidence with every decision we made...
or we'll never learn...
Never Give Up.....
  • #51,910
  • Feb 4, 2008 9:16am Feb 4, 2008 9:16am
Ya the 50 does have a better match than the 200... it is acting as a psych line. I think it'll eventually rebound, some other pairs have already completed theirs and there's no real fundamental why the GBP should be trading this low.

I don't think now's a good time to get in on anything tho, that sideways movement could be the start of a new low trend if we see a lower low... or it could merely be a case of the mondays and getting off to a slow start. The monthly pivot was breached earlier and now it seems to be acting as support... but it's just too early.

I don't know if fibs really tell the whole story here. I would not be surprised to see a 100% rebound, altho I wouldn't count on it either.
  • #51,911
  • Feb 4, 2008 9:38am Feb 4, 2008 9:38am
cable is going down...i short
  • #51,912
  • Feb 4, 2008 10:05am Feb 4, 2008 10:05am
added more to my long from 9688 at 9750, with stop 9715 and tgt 9820
  • #51,913
  • Feb 4, 2008 10:13am Feb 4, 2008 10:13am
Quoting tomaz55
added more to my long from 9688 at 9750, with stop 9715 and tgt 9820
but will going down afterword
  • #51,914
  • Feb 4, 2008 10:15am Feb 4, 2008 10:15am
Quoting tomaz55
added more to my long from 9688 at 9750, with stop 9715 and tgt 9820
good call. my long term TP is 2.0100... Short term 1.9940

if we can get above this darn 1.9774 level 1.9820 and beyond is more than possible...

In other words easier than how Sevilla will kick Fenerbahce's ass soon.

daily 50 EMA will be tested.. Seems that way... I dont have a single downward indicator as of now... I might have if price goes lower.
  • #51,915
  • Feb 4, 2008 10:23am Feb 4, 2008 10:23am
BOE will announce their interest rate decision this week - the market is expecting rates to be lowered by 25bp. The economy has been suffering with a weakening housing market - I'm expecting negative fundamental data to put pressure on the GBP near term...
  • #51,916
  • Feb 4, 2008 10:41am Feb 4, 2008 10:41am
i hate marked today
  • #51,917
  • Feb 4, 2008 10:52am Feb 4, 2008 10:52am
Good Day

If 1.9789 not broken it will go down again
  • #51,918
  • Feb 4, 2008 10:59am Feb 4, 2008 10:59am
Quoting Bernanke_Sr
good call. my long term TP is 2.0100... Short term 1.9940

if we can get above this darn 1.9774 level 1.9820 and beyond is more than possible...

In other words easier than how Sevilla will kick Fenerbahce's ass soon.

daily 50 EMA will be tested.. Seems that way... I dont have a single downward indicator as of now... I might have if price goes lower.
couldnt agree more. my initial tgt is 9820, will wait for a retracement and go long for at least 9970 and beyond. 2.0100 will be an excellent place to get out. everything points up
  • #51,919
  • Edited 11:27am Feb 4, 2008 11:25am | Edited 11:27am
should we be concerned regards Thursdays Decision or are they already baked into the cake
when do think The ecb will cut ?
  • #51,920
  • Feb 4, 2008 11:39am Feb 4, 2008 11:39am
Dollar Will Likely Fall Further Before Rising in 2008


Dollar Will Likely Fall Further Before Rising in 2008

We remain comfortable with the view that EUR/USD will end the year significantly lower than it is now, though in the near term the dollar may not rally. We have centred our call on a bounce in the dollar against the EUR and the GBP this year on the thesis that risk-aversion would spike so high as the US falls into a recession that fear-motivated bond flows would perversely support the dollar, just as they did in 2000-01. ...

Read more: Dollar Will Likely Fall Further Before Rising in 2008
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