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Cable Update (GBPUSD)

  • #52,201
  • Feb 5, 2008 11:27pm Feb 5, 2008 11:27pm
Today is Downtrend
  • #52,202
  • Feb 5, 2008 11:28pm Feb 5, 2008 11:28pm
Quoting Abuawad
Good morning everyone,
Yesterday was a good for dollar, lets see if it will keep good for it today.
My personal opinion cable will show resistant at 1.9670~1.9685 area and not more than 1.9810. drop from there to 1.9625, 1.9600 and 1.9585.
Also there will be a goodsupport at 1.9625~ 1.9600 from there cable can be rise to 1.9675, 1.9700 and 1.9735 under condition no break for 1.9575.

Remember today there are lots of news for US$.

Happy trading.

1.9625 Done
  • #52,203
  • Feb 5, 2008 11:38pm Feb 5, 2008 11:38pm
downtrend for sure.... but what about the us news which is expected to be negative for us...??? we should not discount that
  • #52,204
  • Feb 5, 2008 11:43pm Feb 5, 2008 11:43pm
Quoting forexguru
nice for telling this.. whatever you say it happens the opposite!

so today will be long.

How is it going my friend..
Sorry i called a bank and told them please push the price down.. forexguru is long, i want his money ..
  • #52,205
  • Feb 5, 2008 11:43pm Feb 5, 2008 11:43pm
Quoting bhesania
downtrend for sure.... but what about the us news which is expected to be negative for us...??? we should not discount that
This down move will probably be over by the time news hit the fan, and it doesn't matter if it's negative so much, if the news are much different from what's expected then the price will move, otherwise the price counts in what's in the news coming up.

PS hitting low 600's now as I said earlier lets wait until high 500's and close the shorts :-)
  • #52,206
  • Feb 5, 2008 11:43pm Feb 5, 2008 11:43pm
Quoting Designer1
cable is up - i am long from 1.9649 target is 1.9690

cable will huge downfall today so be ready for that
but let me check first where the cable stop the going upside
my metatrader have wrong candle created so thought it will go up till 9695 but while interbank charting is clearlly shows me its down direct to 9550

so i mistake from my charting candle arrangement its happening a lot so before this try to check atleast two metatrader charting to make sure we are going right - good experience
  • #52,207
  • Feb 5, 2008 11:46pm Feb 5, 2008 11:46pm
Quoting bhesania
downtrend for sure.... but what about the us news which is expected to be negative for us...??? we should not discount that
yes sure the $ is going stronger, us economy is so strong and not under recession, all the indicators of the economy shows how strong the $ and their economy is... !!!!
  • #52,208
  • Feb 5, 2008 11:51pm Feb 5, 2008 11:51pm
Quoting forexguru
yes sure the $ is going stronger, us economy is so strong and not under recession, all the indicators of the economy shows how strong the $ and their economy is... !!!!
Short term currency moves are not based on market fundamentals.. It's just simply sentiment and momentum at the moment. If you have indicators that tell you the strength, and the direction you can easily take advantage of all of this intraday craziness that defies all economic logic!
  • #52,209
  • Feb 5, 2008 11:53pm Feb 5, 2008 11:53pm
Man..so u are long or not? u make me confuse.:

Quoting Designer1
my metatrader have wrong candle created so thought it will go up till 9695 but while interbank charting is clearlly shows me its down direct to 9550

so i mistake from my charting candle arrangement its happening a lot so before this try to check atleast two metatrader charting to make sure we are going right - good experience
  • #52,210
  • Feb 5, 2008 11:53pm Feb 5, 2008 11:53pm
Quoting Abuawad
Good morning everyone,
Yesterday was a good for dollar, lets see if it will keep good for it today.
My personal opinion cable will show resistant at 1.9670~1.9685 area and not more than 1.9810. drop from there to 1.9625, 1.9600 and 1.9585.
Also there will be a goodsupport at 1.9625~ 1.9600 from there cable can be rise to 1.9675, 1.9700 and 1.9735 under condition no break for 1.9575.

Remember today there are lots of news for US$.

Happy trading.

1.9600 and 1.9585 Done
  • #52,211
  • Feb 5, 2008 11:56pm Feb 5, 2008 11:56pm
Quoting Abuawad
1.9600 and 1.9585 Done
Enter From: 1.9642
To 1.9625 : +17 pip
To 1.9600 : +42 pip
To 1.9585 : +57 pip
  • #52,212
  • Feb 5, 2008 11:56pm Feb 5, 2008 11:56pm
I won't be surprised if it reaches last month's low within the next few weeks.
  • #52,213
  • Feb 5, 2008 11:57pm Feb 5, 2008 11:57pm
cable is testing the 1.9575-70 level, upside reaction shall start soon...
  • #52,214
  • Feb 5, 2008 11:59pm Feb 5, 2008 11:59pm
Quoting soros_junior
cable is testing the 1.9575-70 level, upside reaction shall start soon...
i think it is already start
  • #52,215
  • Feb 6, 2008 12:03am Feb 6, 2008 12:03am
Quoting Abuawad
i think it is already start
I think we will go down to 50's maybe a little lower before we have a real move up :-)
  • #52,216
  • Feb 6, 2008 12:03am Feb 6, 2008 12:03am
Quoting soros_junior
cable is testing the 1.9575-70 level, upside reaction shall start soon...

Back to 1.9625~ 1.9650
  • #52,217
  • Feb 6, 2008 12:04am Feb 6, 2008 12:04am
In Long at 1.9580 s/l 1.9558 under Fibo 61.8% t/P 1.9640 Fibo 50% or 1.9710 fibo38.2% depending of strength of reversal
  • #52,218
  • Feb 6, 2008 12:06am Feb 6, 2008 12:06am
Quoting soros_junior
cable is testing the 1.9575-70 level, upside reaction shall start soon...
Hi
I am expecting it to touch the 1.9700
  • #52,219
  • Feb 6, 2008 12:07am Feb 6, 2008 12:07am
Quoting Runway Trade
In Long at 1.9580 s/l 1.9558 under Fibo 61.8% t/P 1.9640 Fibo 50% or 1.9710 fibo38.2% depending of strength of reversal
It will push more down.. i have studied it carefully.. it hasnt completed its downtrend..
  • #52,220
  • Feb 6, 2008 12:09am Feb 6, 2008 12:09am
Quoting Abuawad
Back to 1.9625~ 1.9650
Hi
I think I 've seen you somewhere... may be in DAMAS..
Are you from there?
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