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Cable Update (GBPUSD)

  • #53,941
  • Feb 15, 2008 2:40am Feb 15, 2008 2:40am
Lesson Number 1:

Follow the market, not combat. The market is your friend. Good luck to all on the downside.
  • #53,942
  • Feb 15, 2008 2:47am Feb 15, 2008 2:47am
Quoting YudhaGBP7
I beg U Pardon Jacob,market like this, u should better stay away, unless u have short position at 1.9700...
I have been placing shorts from 1.9710, 1.9670, 1.9640 And others.. EUR/USD is at its peak... i favor short..
Its my view.. though i have been having a winning steak..
Wish luck to all..

Pass your comments.. and lets everyone this race.
  • #53,943
  • Feb 15, 2008 2:50am Feb 15, 2008 2:50am
i am short and tp 1.9577...........
  • #53,944
  • Feb 15, 2008 2:52am Feb 15, 2008 2:52am
It is risky to expect g/u to go crashing down unless we see a close below 9600 on 4hour chart. Technically 9600 is a strong support area. Howver if stocks start selling off then no technical indicator will be able to save GBP today.
  • #53,945
  • Feb 15, 2008 2:52am Feb 15, 2008 2:52am
Quoting YudhaGBP7
Thank U Buddy....
BTW... market confusing now... EURO BREAK UP... GBP BREAK DOWN...
it's not normal........ TRICKY DAY isn't it???

Well it has been said many times that "when in doubt stay out" and that is what I did let us see what will happen when the consumer sentiment (University of Michigan survey) release.....
  • #53,946
  • Feb 15, 2008 2:54am Feb 15, 2008 2:54am
Quoting iakq
i am short and tp 1.9577...........
doesnt seem it might hit that point today lets hope US fundamentals are strong that might give it a push it needs to reach ur t/p
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,947
  • Feb 15, 2008 2:54am Feb 15, 2008 2:54am
Quoting YudhaGBP7
well, anyway i still have u shouting here...

Syukron Debooo....
Welcome my friend
  • #53,948
  • Feb 15, 2008 2:56am Feb 15, 2008 2:56am
Quoting shajib
It is risky to expect g/u to go crashing down unless we see a close below 9600 on 4hour chart. Technically 9600 is a strong support area. Howver if stocks start selling off then no technical indicator will be able to save GBP today.
Futures are already showing a Downward presure
However European Markets are also Negative..
  • #53,949
  • Feb 15, 2008 3:02am Feb 15, 2008 3:02am
ForexYard report for today.
Attached Image (click to enlarge)
Click to Enlarge Name: forexyard.png Size: 11 KB
KaMpeR
  • #53,950
  • Feb 15, 2008 3:03am Feb 15, 2008 3:03am
Quoting jacobtrader
Futures are already showing a Downward presure
However European Markets are also Negative..

so what does it mean.........for gbus
  • #53,951
  • Feb 15, 2008 3:04am Feb 15, 2008 3:04am
Quoting jacobtrader
Futures are already showing a Downward presure
However European Markets are also Negative..
i have a question : lets say dollar reports are strong wat will happen to equity and future markets???????????????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,952
  • Feb 15, 2008 3:05am Feb 15, 2008 3:05am
hi again

1.9599 seems strong support ... if not breaking ... i'll long
  • #53,953
  • Feb 15, 2008 3:07am Feb 15, 2008 3:07am
what is holding up the euro? Very tricky day.
  • #53,954
  • Feb 15, 2008 3:09am Feb 15, 2008 3:09am
Quoting salah k.
i have a question : lets say dollar reports are strong wat will happen to equity and future markets???????????????
When DowJones is rising, EUR/USD, GU will rise..
Which means Dollar is weak..

When DowJones is Falling, EUR/USD, GU will falll.
Which means Dollar is strong..

Around currently there is above 90% solid correlation to EUR/USD and DowJones..
  • #53,955
  • Feb 15, 2008 3:15am Feb 15, 2008 3:15am
Quoting deboooo2005
Welcome my friend
U2 friend... sorry for d late reply, it's Maghrib time here....
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #53,956
  • Feb 15, 2008 3:17am Feb 15, 2008 3:17am
Quoting jacobtrader
When DowJones is rising, EUR/USD, GU will rise..
Which means Dollar is weak..

When DowJones is Falling, EUR/USD, GU will falll.
Which means Dollar is strong..

Around currently there is above 90% solid correlation to EUR/USD and DowJones..
thnx for clearing that up

euro is gona hit new highs any moment now.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,957
  • Feb 15, 2008 3:18am Feb 15, 2008 3:18am
its like euro and cable having a different deal today they are working in an inverse manner
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,958
  • Feb 15, 2008 3:19am Feb 15, 2008 3:19am
Quoting 4x_Trader
Well it has been said many times that "when in doubt stay out" and that is what I did let us see what will happen when the consumer sentiment (University of Michigan survey) release.....
hmmmm.... ok then good luck to all.....

May the pips with u all....
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #53,959
  • Feb 15, 2008 3:21am Feb 15, 2008 3:21am
Quoting YudhaGBP7
U2 friend... sorry for d late reply, it's Maghrib time here....
Woow here is 2:20 P.M need to Aasr
  • #53,960
  • Feb 15, 2008 3:22am Feb 15, 2008 3:22am
strong demand for euro sterling at 11am London fix, also caused cable sell off
Trading is 80% Emotional, 20% Technical
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