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Cable Update (GBPUSD)

  • #54,041
  • Feb 15, 2008 7:21am Feb 15, 2008 7:21am
That was a pleasant trip up and I am having a ginger biscuit to celebrate - but the Euro is faltering so I am taking some time out
  • #54,042
  • Feb 15, 2008 7:24am Feb 15, 2008 7:24am
Damn if I was trading today
From 1.9709 to 1.9611 = +98 & from 1.9611 to 1.9650 = +39
Total= +137

http://www.3tt3.net/smile/smile_files/773da905db.gif
  • #54,043
  • Feb 15, 2008 7:25am Feb 15, 2008 7:25am
Quoting allserene
That was a pleasant trip up and I am having a ginger biscuit to celebrate - but the Euro is faltering so I am taking some time out
Good to hear, what targets are you aiming for ?
Measure twice, cut once
  • #54,044
  • Feb 15, 2008 7:30am Feb 15, 2008 7:30am
cable have a respect to 50% fibo.... but it will tested for a while....
and might pull back.....to south...

don't trust me.... just my opinion..
Attached Image (click to enlarge)
Click to Enlarge Name: 15-2.jpg Size: 138 KB
Never Give Up.....
  • #54,045
  • Feb 15, 2008 7:31am Feb 15, 2008 7:31am
Quoting Abuawad
Damn if I was trading today
From 1.9709 to 1.9611 = +98 & from 1.9611 to 1.9650 = +39
Total= +137

http://www.3tt3.net/smile/smile_files/773da905db.gif
damn if i trade everyday buy at the lowest point and sell at the highest point i would become richer than soros in a few years time.
  • #54,046
  • Feb 15, 2008 7:32am Feb 15, 2008 7:32am
Quoting Abuawad
Damn if I was trading today
From 1.9709 to 1.9611 = +98 & from 1.9611 to 1.9650 = +39
Total= +137

http://www.3tt3.net/smile/smile_files/773da905db.gif
there is always many chances in this market ... i short @ 1.9628 and closed @ 1.9600 nice 28 pips in 5 lots == it was good amount to me
  • #54,047
  • Feb 15, 2008 7:32am Feb 15, 2008 7:32am
dow is up significantly
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,048
  • Feb 15, 2008 7:33am Feb 15, 2008 7:33am
Quoting traderchan
damn if i trade everyday buy at the lowest point and sell at the highest point i would become richer than soros in a few years time.
check my analysis for yesterday and today also the rule i follow and you will know what i'm talking about
  • #54,049
  • Feb 15, 2008 7:35am Feb 15, 2008 7:35am
can anybody tell me meaning by this " previous 78.4, forecast 79.00. " is that mean the trend will be up? and " previous 149.9 billion, forecast $67.9 billion " means the trend will be down??
  • #54,050
  • Feb 15, 2008 7:36am Feb 15, 2008 7:36am
Quoting deboooo2005
there is always many chances in this market ... i short @ 1.9628 and closed @ 1.9600 nice 28 pips in 5 lots == it was good amount to me
nice quick and clean money
congrats
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,051
  • Feb 15, 2008 7:37am Feb 15, 2008 7:37am
Quoting trunkz
can anybody tell me meaning by this " previous 78.4, forecast 79.00. " is that mean the trend will be up? and " previous 149.9 billion, forecast $67.9 billion " means the trend will be down??
i believe that means that this report is bad for US currency so gpb/usd should travel upwards.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,052
  • Feb 15, 2008 7:39am Feb 15, 2008 7:39am
Quoting trunkz
can anybody tell me meaning by this " previous 78.4, forecast 79.00. " is that mean the trend will be up? and " previous 149.9 billion, forecast $67.9 billion " means the trend will be down??
it depend on the actual & what kind of news do you read...

some news have positive effect when increase...
but some news have a negative effect....
read carefully,,,,
good luck...
Never Give Up.....
  • #54,053
  • Feb 15, 2008 7:39am Feb 15, 2008 7:39am
Quoting aediaz1
Good to hear, what targets are you aiming for ?

I am just scalping - anything could happen - but when euro and gbp agree and start something moving smoothly, I jump on for a while (either way)- so long as there is no news about

I learned my lesson when the US jobs fell and just because the US is going bad does not mean the dollar will be down

I think there are some invisible flip flops lines where the rule changes - up to a point, bad US news is dollar bad, but if the news is too bad then the dollar is the reserve currency etc etc junk comes into play and the USD rises

So the trick is to know the points where the rules change 180 degrees

Its close to where we are now which makes it scary
  • #54,054
  • Feb 15, 2008 7:46am Feb 15, 2008 7:46am
hi again 1.9645 was good point to short ... i'm in
  • #54,055
  • Feb 15, 2008 7:48am Feb 15, 2008 7:48am
Quoting quickh23a
you base your analsis only on fibs .. u should look at some more things like weekend/friday/stocks so on.
I base my analysis on lots of things buddy..
Indicators, Equities, Fundamentals... technical structure..
  • #54,056
  • Feb 15, 2008 7:51am Feb 15, 2008 7:51am
Quoting deboooo2005
hi again 1.9645 was good point to short ... i'm in
Good.
  • #54,057
  • Feb 15, 2008 7:57am Feb 15, 2008 7:57am
Quoting jacobtrader
Good.
thanks ... you in also!?
  • #54,058
  • Feb 15, 2008 8:04am Feb 15, 2008 8:04am
Can we say that the movement of cable/$ today is utmost conducted by the direction of the carry trade pairs: GJ and GC? coz as i observed for a long time, once the equity market slump, these two pair will just drag down for 100+ pips and cable/$ will also decline for 50+ pips.

Is my observation true? can any veteran like Mr. Jacobtrader and Mr. Allserene tell me that or even correct my understanding? thanks alot~:
  • #54,059
  • Feb 15, 2008 8:06am Feb 15, 2008 8:06am
is the fed more likely to cut 50 or 25 bps the next meeting????????????????????????????
??????????????????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,060
  • Feb 15, 2008 8:08am Feb 15, 2008 8:08am
Quoting deboooo2005
thanks ... you in also!?
Yeh, In and out,
The technicals still suggest bearish pattern for GBP/USD..
Let see how it goes.
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