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Cable Update (GBPUSD)

  • #53,501
  • Feb 13, 2008 12:51pm Feb 13, 2008 12:51pm
Quoting allserene
and the ex-colonials have their own share of prejudices and inferiority complexes and lingering resentments against GBP and trade it too - (not venezuela)

It's nice to see them come unstuck because they let it affect their trading

I think it's poor discipline to mix past resentments with business - the figures will tell the story
well, just tried to check what you said and not true.
i live in an ex-colonial country and my forex performance reports dont say that.
sorry
  • #53,502
  • Feb 13, 2008 12:54pm Feb 13, 2008 12:54pm
close above 19600 on daily show move to 1.9825 as min within next couple of days perhaps then on to 2.00 level think about shorting there but not now at all...
Trading is 80% Emotional, 20% Technical
  • #53,503
  • Feb 13, 2008 12:57pm Feb 13, 2008 12:57pm
Quoting deboooo2005
Good Day

FXdaily ask me to send this ... and he said "these news push us only down today USD news ride us 100 more pipses down"
what clownish analysis and trade call
Trading is 80% Emotional, 20% Technical
  • #53,504
  • Feb 13, 2008 12:59pm Feb 13, 2008 12:59pm
Quoting jacobtrader
I would add i dont see any Bullishness Building in this Pair..
Its still Bearish..
I still favor the way its trading... And outlooks remain Bearish.

outlook bullish on last few days trade - only bearish if daily/weekly close below 1.9400
Trading is 80% Emotional, 20% Technical
  • #53,505
  • Feb 13, 2008 1:04pm Feb 13, 2008 1:04pm
it will fall, its just Mr.Trichet who always opens his mouth when eu is ready for a fall .

it did it today again just minutes after usa report, saying fundamentals remained more strong in europe than usa. and the global crisis is far from over.

after that euro started erasing losses and pushing gu up as well.

it has happened, time time after time, when eu slides hard, for some reason i dont know, Trichet start telling bullish statements.

really this put me to bellieve the populas history about ecb conspirancy to put euro as the global curency of choice .
  • #53,506
  • Feb 13, 2008 1:14pm Feb 13, 2008 1:14pm
Quoting acid guy
well, just tried to check what you said and not true.
i live in an ex-colonial country and my for ex performance reports dont say that.
sorry
I specifically excluded Venezuela, which I dont think was a British colony - unless you mean Maricaibo. My son's fiance is Venezuelan so I try not to tread on toes there

The Americans seem to view the decline of the USD as a great triumph for economic policy which gives them an exporting edge. A bit like Heather Mills McCartney going to weightwatchers and getting a medal for losing 20 lbs in 10 seconds.

So I can always claim a similar success if the GBP goes to 1.70
  • #53,507
  • Feb 13, 2008 1:20pm Feb 13, 2008 1:20pm
Quoting allserene
I specifically excluded Venezuela, which I dont think was a British colony - unless you mean Maricaibo. My son's fiance is Venezuelan so I try not to tread on toes there

The Americans seem to view the decline of the USD as a great triumph for economic policy which gives them an exporting edge. A bit like Heather Mills McCartney going to weightwatchers and getting a medal for losing 20 lbs in 10 seconds.

So I can always claim a similar success if the GBP goes to 1.70
uhmm, nice

i was not born here in venezuela, colombia, but thats true, been in many countries including, usa, canada and other latins.

but not seen more hot girls than here, maybe thats a reason why i keep having patience even when hugo chavez is in power behaving like a monkey
  • #53,508
  • Feb 13, 2008 1:23pm Feb 13, 2008 1:23pm
Quoting Bones
Cool nice to see you here Mike,a bit of quality advice I mean
Hey thanks man, how've you been?

Im going to start getting back into posting a lot again so I'll probably be posting in here a good bit again.

Here is something I am looking at. On the daily, as you can see by the chart, we are heading into a zone of resistance. If price action would tell me there is a clear reversal about to show itself then I would plan on shorting around the area of those 2 red emas. This weekly bar will tell us a lot as well. It's only wednesday though so I cant say much in terms of that.

On the lower timeframe chart (4 hour), you can see that we are already moving upwards and after a slight retracement after the daily close, we should be moving higher. I'll post mroe on the daily when it comes around. I use two different charting packages. One closes at 5 and one at 7, so I will probably post both.

I could possibly see another upday in the mix before a possible reversal unless price moves straight through that daily resistance, which it very well could as I expect the momentum from the monthly charts to start picking up soon.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: acting as resistance on gbp daily.gif Size: 13 KB
Click to Enlarge Name: lower timeframes 4 hour.gif Size: 13 KB
I dream, therefore I become.
  • #53,509
  • Feb 13, 2008 1:40pm Feb 13, 2008 1:40pm
That’s great Mike you are coming to me saves me time

I couldn’t be better mate
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #53,510
  • Feb 13, 2008 1:58pm Feb 13, 2008 1:58pm
Quoting rav700
wow you have courage..........
yesterday u were saying its bearish?
  • #53,511
  • Feb 13, 2008 2:01pm Feb 13, 2008 2:01pm
Quoting acidguy
it will fall, its just Mr.Trichet who always opens his mouth when eu is ready for a fall .

it did it today again just minutes after usa report, saying fundamentals remained more strong in europe than usa. and the global crisis is far from over.

after that euro started erasing losses and pushing gu up as well.

it has happened, time time after time, when eu slides hard, for some reason i dont know, Trichet start telling bullish statements.

really this put me to bellieve the populas history about ecb conspirancy to put euro as the global curency of choice .
The problem is Trichet talks a lot of crap, most of the stuff that comes out of his mouth is cryptic.
  • #53,512
  • Feb 13, 2008 2:04pm Feb 13, 2008 2:04pm
Quoting forexmoments
The problem is Trichet talks a lot of crap, most of the stuff that comes out of his mouth is cryptic.
Dont they tell anybody with power to talk like that?

Bernanke, hell even Greenspan did back in the day. Thats why I dont pay too much attention to news. It will all fall into place as it should.
I dream, therefore I become.
  • #53,513
  • Edited 2:50pm Feb 13, 2008 2:49pm | Edited 2:50pm
Quoting giraia_br
everyone has this big spike on interbankfx? on north finance there is not this spike:
Just wanted to say, I just got some marketing blurb from InterbankFX in my email, so I forwarded them a copy of this chart (post #53478) and asked them to explain!

I'll post the reply if I get one....
Disregard all prognostications.
  • #53,514
  • Feb 13, 2008 3:18pm Feb 13, 2008 3:18pm
I maintain a bullish bias, and will continue to do so until evidence presents itself to be otherwise.

10:00am USDhttp://www.forexfactory.com/images/m...mpact_high.gifFed Chairman Bernanke Speaks


He will crush the buck tomorrow.
  • #53,515
  • Feb 13, 2008 3:28pm Feb 13, 2008 3:28pm
Quoting AmeriTrini
I maintain a bullish bias, and will continue to do so until evidence presents itself to be otherwise.

10:00am USDhttp://www.forexfactory.com/images/m...mpact_high.gifFed Chairman Bernanke Speaks


He will crush the buck tomorrow.

He will help the Dollar.. He will be happy tommorrow.. He would want to go home quickly and spend Valentine with his wife : .. Jokes Apart....

But he should be good for the Dollar..
  • #53,516
  • Feb 13, 2008 3:28pm Feb 13, 2008 3:28pm
Quoting AmeriTrini
I maintain a bullish bias, and will continue to do so until evidence presents itself to be otherwise.

10:00am USDhttp://www.forexfactory.com/images/m...mpact_high.gifFed Chairman Bernanke Speaks


He will crush the buck tomorrow.
why is the only economic elite who wants to destroy the currency

even king when he is aware of all the problems his economy faces, he still keep pumping up the currency, Trichet the most superbullish, the RBA supports the currency, New Zealand banks says the kiwi will fight inflation.

what the hell happens with Bernanke?????
  • #53,517
  • Feb 13, 2008 3:55pm Feb 13, 2008 3:55pm
Quoting jacobtrader
He will help the Dollar.. He will be happy tommorrow.. He would want to go home quickly and spend Valentine with his wife : .. Jokes Apart....

But he should be good for the Dollar..
Do you have short positions?
  • #53,518
  • Feb 13, 2008 4:05pm Feb 13, 2008 4:05pm
Quoting Abuawad
long entry from 1.9575 to 1.9650 with +75 pips

the total for today is +105 pips

See you tomorrow


Quoting Abuawad
I'll answer you once the news issued
Good Morning all,
Lets see what happen yesterday on my chart:

1. We have the first candle open below the unknown area down limit.
2. Cable hit the first down trend target and couldn’t break it down to the next support or target.
3. Cable go bake to test the unknown area up limit and it break it trying test the first resistant on the up direction “ during the UK news”
4. Cable failed to break the resistant point from the first time and go bake to the nearest support
5. Cable failed to break the support line “during the US news” and bake in the uptrend to test the unknown area up limit for the second time.
6. Cable break the unknown area up limit
7. Cable hit the first up trend target.

For the gentlemen who ask about the news and why should I losing my time in analysis my trading before the news. In my opinion the news effect is just moving the currency in fast movement up or down and what control the limitation for this up or down are the strong support or resistant and so on...
Finally, I’m sorry I’ll be unable to post tomorrow analysis because I don’t tread during the weekend it’s a family time…
All pips for you all FF members
Attached Image
  • #53,519
  • Feb 13, 2008 4:22pm Feb 13, 2008 4:22pm
Ok I cut around 15 minutes from my family time : to FF “my other family ” to make the analysis… but in text format:

GBPUSD general trend is down, yesterday close 1.9625
unknown area limitation:
Up: 1.9650
Down: 1.9610

uptrend targets:
1.9692
1.9776
1.9855

Downtrend targets:
1.9594
1.9552
1.9500

Strong support’s:
1.9555
1.9527
1.9423

Strong resistant’s:
1.9689
1.9717
1.9803
Attached Image (click to enlarge)
Click to Enlarge Name: ffrec14022008.gif Size: 32 KB
  • #53,520
  • Feb 13, 2008 4:23pm Feb 13, 2008 4:23pm
Quoting jacobtrader
He will help the Dollar.. He will be happy tommorrow.. He would want to go home quickly and spend Valentine with his wife : .. Jokes Apart....

But he should be good for the Dollar..
Why the hell should it be good for Dollar?

does he plan to raise the fed funds rate? NO,

is he going to stop printing money and throwing it out of helicopters? No..

the man is crazy and should resign, all he good for is bailing out his friends on Wall street and making the dollar a flawed currency.
Trading is 80% Emotional, 20% Technical
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