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Cable Update (GBPUSD)

  • #53,041
  • Feb 11, 2008 11:47pm Feb 11, 2008 11:47pm
A lot of pairs are tightening up on the 15 min charts. I think we may see some big breakouts with the news annoucements this week. I think a lot of the news will be dollar negative, so there may be a rebound in store, but dollar negative news has been a bit confusing lately. We'll see.
  • #53,042
  • Feb 11, 2008 11:51pm Feb 11, 2008 11:51pm
Im still thinking were on the up or consolidating,see alot of res at 1.9620 and am long from 1.9410
Attached Image (click to enlarge)
Click to Enlarge Name: 1 day.gif Size: 32 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #53,043
  • Feb 12, 2008 12:03am Feb 12, 2008 12:03am
wow...finally a day later, you people agree with me, we are going to see 9600.... didnt i say to long last night? lol...
And your mouth dropped
  • #53,044
  • Feb 12, 2008 12:27am Feb 12, 2008 12:27am
If the cpi will be 2.3 will see 1.97 ...but if will be 2.2 as i think will be we shall see a drop... i'm not shore... but i only see north point going..
  • #53,045
  • Feb 12, 2008 12:28am Feb 12, 2008 12:28am
Quoting jacobtrader
We are still in a Down trend..
The Data which has been flowing.
Is Mixed..
TradeBalance is Low.
PPI High
Retail Sales high, where as UK business confidence is low..

Market waits for much important BOE Inflation Report on Wednesday..

If you pick up your 4 HR Chart, or Pick up your Daily Chart.. For many Hours market is moving in the range.. And we are in down trend until and unless the bullish resistance isnt capped.
Thank you Jacobtrader for your response but too late I did not have enough margin to hold the position and just a few minutes ago I got the dreaded MC... I am going to take your lessons and learn as much as possible and practice now on a demo for awhile and lick my wounds, lol... Account gone so no pressure or need to jump right back in... I appreciate all your coaching and help very very much and I look forward to your future trading lessons...

See you in the class room, lol...

May the pips be with us all...
  • #53,046
  • Feb 12, 2008 12:28am Feb 12, 2008 12:28am
9450 by 12 pm eastern time..I'm thinkin all bearish comin out of the uk support and resistance levels show some sneak attacks but cant break I hope I'm wrong.............NOT. trendline at 9540 if it breaks it THEN we go 9700 otherwise deepwater........
GREED IS THE ULTIMATE INDICATOR
  • #53,047
  • Feb 12, 2008 12:33am Feb 12, 2008 12:33am
I tend to think we'll be going down a ways within the next hour. We may head back up later depending on the news.
  • #53,048
  • Feb 12, 2008 1:39am Feb 12, 2008 1:39am
Quoting Abuawad
Gentlemen,
Do we have a double bottom on the daily chart!! On 1.9415 which a good support point also, price now 1.9513 we pace the weekly 38.2 fibo next level will be 1.9532 , 1.9611 and 1.9733.
Lets see what will happen and be careful about today news. here.

Done
  • #53,049
  • Feb 12, 2008 2:12am Feb 12, 2008 2:12am
Quoting Abuawad
Done
Excellent.
  • #53,050
  • Feb 12, 2008 2:16am Feb 12, 2008 2:16am
SELL Before NEWs 3 minutes we ride DOWN 100... 200 pipses all day .
  • #53,051
  • Feb 12, 2008 2:18am Feb 12, 2008 2:18am
Quoting FXdaily
SELL Before NEWs 3 minutes we ride DOWN 100... 200 pipses all day .
But isn't it the forecast for GBP are positive? why short instead od long? pls advise. tq
  • #53,052
  • Feb 12, 2008 2:25am Feb 12, 2008 2:25am
Quoting FXdaily
SELL Before NEWs 3 minutes we ride DOWN 100... 200 pipses all day .
I hope your long this time
  • #53,053
  • Feb 12, 2008 2:39am Feb 12, 2008 2:39am
Quoting Abuawad
Done
not so fast.

  • #53,054
  • Feb 12, 2008 2:42am Feb 12, 2008 2:42am
Quoting FXdaily
SELL Before NEWs 3 minutes we ride DOWN 100... 200 pipses all day .
check out his previous predictions, (the most recent one being USD/CAD), he already busted 100 demo accounts.
  • #53,055
  • Feb 12, 2008 2:59am Feb 12, 2008 2:59am
shit

i make long at 521 and fall in down
  • #53,056
  • Feb 12, 2008 3:02am Feb 12, 2008 3:02am
1.9545 was the weekly pivot.. and the price declined fast from that level... seems to me we might see 1.9400 because i expect a negative UK data...
But be careful 1.9483 is the monthy pivot.

Smaller time frames turned bearish.
Medium time frames were already in downtrend but was about to switch to uptrend...

News will tell us more

(not in any position)
  • #53,057
  • Feb 12, 2008 3:04am Feb 12, 2008 3:04am
Quoting Bernanke_Sr
1.9545 was the weekly pivot.. and the price declined fast from that level... seems to me we might see 1.9400 because i expect a negative UK data...
But be careful 1.9483 is the monthy pivot.

(not in any position)
inflation data will always be bullish for the cable. you can thank the guys with the black gold for that one!!..........
  • #53,058
  • Feb 12, 2008 3:06am Feb 12, 2008 3:06am
Quoting AmeriTrini
inflation data will always be bullish for the cable.
well than we will definitely go up... somehow i feel a number less than last month. but again i am not in any position. will go long if i see a really good number.
  • #53,059
  • Feb 12, 2008 3:24am Feb 12, 2008 3:24am
13 Lot Short In 1.9510
  • #53,060
  • Feb 12, 2008 3:29am Feb 12, 2008 3:29am
Quoting FXdaily
13 Lot Short In 1.9510
why are you so confident?
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