night peple 6am in canada me go sleepy.
Cable Update (GBPUSD)
- #54,402
- Feb 18, 2008 2:48am Feb 18, 2008 2:48am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
night peple 6am in canada me go sleepy.
night bud
- #54,403
- Feb 18, 2008 2:48am Feb 18, 2008 2:48am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Technically... the way I see it.... from daily chart... already broken the Bearish Channel.... but seems getting a hard time to break away and forming Bullish Channel... As right now... I see a new BEARISH Channel is being created after the Bull failed to penetrate 61.8% Fibbo last Thursday.... resulting strong BEAR CS on Friday. Thus, Bearish Engulfing CS was formed. However, need next CS for confirmation.... let see what Monday CS will looks like.Bias for the BEAR it seems. Subjected to the FUNDAMENTAL news anyway. More W.Buffet action alike taken place.... more Bull will interfere since DOW will go UP... then affecting GJ to go UP then eventually CABLE will follow through. Seems too much "intervention" by Big Players at this moment... ELECTION Mood is in the air in the US
http://www.forexfactory.com/attachme...1&d=1203185705
Just to share my view.... Above was the weekend analysis... glad to see that everything is materializing now.
From the H4 Chart as right now... Already broken 61.8% Fibbo (from LOW to HIGH)... will it be 100% retracement or even more? Only time can tell Surprised to see that Cable did went up to the Pivot Point before "LONDON BRIDGE IS FALLING DOWN".... never use pivot point on CABLE before. The Fridays' Bearish Engulfing CS... will confirming strong BEARISH ahead if today CS close anywhere below Friday Close. Another confirmation... just look at DAILY STOCH... so obvious.... Technically speaking. Fundamentally... have to be alert. 
- #54,404
- Feb 18, 2008 2:51am Feb 18, 2008 2:51am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #54,405
- Feb 18, 2008 2:51am Feb 18, 2008 2:51am
Thank you sir, just jumped out, and upmore ++
Like wise on the apologies.
what i think is gonna happen? (long term down) following the monthly TL
id like to hear Lessy, abu, and 4x take on predictions.
P.S its called money managment, everyone use it!!
i'm not good at analysing yet....
but this is my opinion for you.....
cable will try to reach 1.9390 area (feb2) and then 1.9330 area (jan22)
and the most important thing for me is......
since 1.9330 area is the high level in march 2005,
if cable break that level....... we all know....
it's gonna drag cable deep down.....
Never Give Up.....
- #54,408
- Feb 18, 2008 2:59am Feb 18, 2008 2:59am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
it sure is taking its time to go down huh? ..
8:01am GBP http://www.forexfactory.com/images/m...act_medium.gif Rightmove House Price Index m/m 3.2% ..... -0.8%
- #54,409
- Feb 18, 2008 3:01am Feb 18, 2008 3:01am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
i'm a muslim too....
but sometimes i get naughty......
- #54,410
- Feb 18, 2008 3:05am Feb 18, 2008 3:05am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Navin...did we chat last Saturday? I was SHAMX.... anyway... this FUNDAMENTAL data (should strengthen Pound Sterling) ... make me SHORT with extra caution... haven't seen much impact on CABLE yet... perhaps... need more confirmation from other housing data
8:01am GBP http://www.forexfactory.com/images/m...act_medium.gif Rightmove House Price Index m/m 3.2% ..... -0.8%
- #54,411
- Feb 18, 2008 3:05am Feb 18, 2008 3:05am
- Joined Apr 2007 | Status: Trader | 2,387 Posts
Navin...did we chat last Saturday? I was SHAMX.... anyway... this FUNDAMENTAL data (should strengthen Pound Sterling) ... make me SHORT with extra caution... haven't seen much impact on CABLE yet... perhaps... need more confirmation from other housing data
8:01am GBP http://www.forexfactory.com/images/m...act_medium.gif Rightmove House Price Index m/m 3.2% ..... -0.8%
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #54,412
- Feb 18, 2008 3:10am Feb 18, 2008 3:10am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Navin...did we chat last Saturday? I was SHAMX.... anyway... this FUNDAMENTAL data (should strengthen Pound Sterling) ... make me SHORT with extra caution... haven't seen much impact on CABLE yet... perhaps... need more confirmation from other housing data
8:01am GBP http://www.forexfactory.com/images/m...act_medium.gif Rightmove House Price Index m/m 3.2% ..... -0.8%
British Pound Falls as U.K. Starts to Nationalize Northern Rock
By Kim-Mai Cutler
Feb. 18 (Bloomberg) -- The pound fell against all but one of the 16 most-traded currencies tracked by Bloomberg after the U.K. government said it plans to nationalize Northern Rock Plc.
``Stay away from sterling,'' Dwyfor Evans, a strategist in Hong Kong at State Street Global Markets, said in an interview with Bloomberg Television. ``The Northern Rock news suggests continued instability in the U.K. financial sector.''
Prime Minister Gordon Brown's government plans to take over Northern Rock after the Bank of England was forced to provide the mortgage lender with emergency funding in September as a sudden surge in credit costs caused the first run on a British bank in a century...... .... .......
- #54,413
- Feb 18, 2008 3:22am Feb 18, 2008 3:22am
- Joined Apr 2007 | Status: Trader | 2,387 Posts
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #54,414
- Feb 18, 2008 3:26am Feb 18, 2008 3:26am
- Joined Apr 2007 | Status: Trader | 2,387 Posts
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #54,415
- Feb 18, 2008 3:29am Feb 18, 2008 3:29am
- Joined Jul 2007 | Status: Senior Member | 1,553 Posts
Hi,
Please check my analysis scenario for cable for Monday 18-2-2008
if cable below unknown area limit 1.9590:
we have the first target 1.9557 on fibo 1.9414 to 1.9697 on the 4h chart
then if 1.9557 broken cable to 1.9525 as a second target and good support
if 1.9525 broken go to the support levels 1.9502 and 1.9481 as a target
if 1.9481 broken cable to 1.9415 as support then 1.9400
if cable up behind the unknown area limit 1.9630:
to the first target and resistant on 1.9650
1.9650 broken cable to 1.9702 as a target and strong resistant
1.9702 broken cable to 1.9741 as a target
1.9741 broken cable to 1.9779 as a resistant
Note: un broken line in the downtrend give cable an up movement to the near line and so on..
any un broken line in the uptrend give cable a down movement to the near line and so on..
+109 PIPS - #54,416
- Feb 18, 2008 3:29am Feb 18, 2008 3:29am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #54,417
- Feb 18, 2008 3:30am Feb 18, 2008 3:30am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
down she goes
Heading towards 100% retracement... Hmmm ... will it break it today or stop there to catch a breath? So far for CABLE.... really rare to see more than 200pips movement in a day.
- #54,418
- Feb 18, 2008 3:36am Feb 18, 2008 3:36am
- Joined Jul 2007 | Status: Senior Member | 1,553 Posts
- #54,419
- Feb 18, 2008 3:37am Feb 18, 2008 3:37am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #54,420
- Feb 18, 2008 3:42am Feb 18, 2008 3:42am
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
bye bye cable TRADE FOR SWAP