Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#52,561
Feb 7, 2008 5:39am Feb 7, 2008 5:39am

FXdaily
| Joined Nov 2007 | Status: Trader | 910 Posts

Cable makes LONGER holders life too easy 4 time same point where can LONG.

#52,562
Feb 7, 2008 5:46am Feb 7, 2008 5:46am

albertotralzt
| Joined Jan 2006 | Status: Trader | 81 Posts

Quoting FXdaily

Disliked

Cable makes LONGER holders life too easy 4 time same point where can LONG.

Ignored

my poor english is not enough to understand this one, I am sorry

#52,563
Feb 7, 2008 5:47am Feb 7, 2008 5:47am

sDRs
| Joined Jan 2008 | Status: Trader | 261 Posts

Quoting albertotralzt

Disliked

my poor english is not enough to understand this one, I am sorry

Ignored

I think Fx wanted to say, that we see 4th time, when you can enter long

#52,564
Feb 7, 2008 5:49am Feb 7, 2008 5:49am

mainath
| Joined Oct 2007 | Status: always newbie | 19 Posts

well, can i put the current issue aside and ask a question to all forex veterans? Ok I just jump out of trading tonight given the volatile market and BOE announcement day. In medium term can we envisage a retracement before the long term decline come in place? coz even the 1/4 percent rate cut is already priced, the difference in rate is still so obviously and attractive btw GBP/USD.

#52,565
Feb 7, 2008 5:49am Feb 7, 2008 5:49am

Runway Trade
| Joined Aug 2007 | Status: Air Raider | 895 Posts

Quoting albertotralzt

Disliked

my poor english is not enough to understand this one, I am sorry

Ignored

If you wanted to go long cable dropped 4 times to 1.9410 for you to get a good long. (This is not a trade call)

#52,566
Feb 7, 2008 5:51am Feb 7, 2008 5:51am

FXdaily
| Joined Nov 2007 | Status: Trader | 910 Posts

Quoting Runway Trade

Disliked

If you wanted to go long cable dropped 4 times to 1.9410 for you to get a good long. (This is not a trade call)

Ignored

Yup

#52,567
Feb 7, 2008 5:51am Feb 7, 2008 5:51am

albertotralzt
| Joined Jan 2006 | Status: Trader | 81 Posts

Quoting sDRs

Disliked

I think Fx wanted to say, that we see 4th time, when you can enter long

Ignored

Thx

I got it

#52,568
Feb 7, 2008 5:52am Feb 7, 2008 5:52am

Runway Trade
| Joined Aug 2007 | Status: Air Raider | 895 Posts

What stops cable going up with rate cut? It went up with US rate cut because cut was priced in before announcement!

#52,569
Feb 7, 2008 5:55am Feb 7, 2008 5:55am

sDRs
| Joined Jan 2008 | Status: Trader | 261 Posts

I dont know guys... My personal opinion is becouse rate cut is already priced in, 0.25 cut would strenghten pound, so cable should go up, only 0.50 would kill him. So i wish good trade for all of you, im still holding my long from 1.9516.

#52,570
Feb 7, 2008 5:55am Feb 7, 2008 5:55am

FXdaily
| Joined Nov 2007 | Status: Trader | 910 Posts

[quote=money;1839808]

Quoting albertotralzt

Disliked

Hi everyone, could anyone tell me what does 1.9470 level mean? any fibo? S/R level?

Hello FX, i see in this zone a lot of support, trend line channel, 76% of wave 1, equality a-c, but defenatly to soon to go long, cause pric went back in to the channel.

Picture bellow is from this site

Attachment

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