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Cable Update (GBPUSD)

  • #55,341
  • Feb 22, 2008 1:56am Feb 22, 2008 1:56am
Morning everybody,

After the great moves yesterday, i will (am already) in with the following trades:

 

  1. BUY 0.5 GBP at 1.9645 (targeting 1.9740/1.9800/1.9935/2.000)
  2. Sell 0.5 JPY at 107.50 (targeting 107/106.57/106.30)
  3. GBPJPY

Good luck everybody, of course those are not calls to follow my trades (bla bla bla).. just sharing my funny moments.

{Promotion Removed}
  • #55,342
  • Feb 22, 2008 2:23am Feb 22, 2008 2:23am
Quoting makey2u
i shorted. 9560 here we come!
Hi ... you mean 1.9660 right
  • #55,343
  • Feb 22, 2008 2:47am Feb 22, 2008 2:47am
no.. 9560-70, remeber i believe she is going to JET up though, so dont take my trade if you arent prepaired. i can easily see her doing a double top from 3 weeks ago or so
And your mouth dropped
  • #55,344
  • Feb 22, 2008 2:58am Feb 22, 2008 2:58am
Quoting makey2u
no.. 9560-70, remeber i believe she is going to JET up though, so dont take my trade if you arent prepaired. i can easily see her doing a double top from 3 weeks ago or so
r u using the chat room anymore???????????????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,345
  • Feb 22, 2008 3:08am Feb 22, 2008 3:08am
Quoting salah k.
r u using the chat room anymore???????????????
i noticed dat u r quite active this last two weeks,your determination to grab opportunities really inspires me....keep up man...im sure u will become some forex master one day...
money is for living
  • #55,346
  • Feb 22, 2008 3:09am Feb 22, 2008 3:09am
doesnt look like cable has buyers anymore because the fundamentals now were the spark it needed to hit 9700 but instead it hit 9677 and now its falling.
looks bearish from now on.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,347
  • Feb 22, 2008 3:11am Feb 22, 2008 3:11am
Quoting mangZX7L
i noticed dat u r quite active this last two weeks,your determination to grab opportunities really inspires me....keep up man...im sure u will become some forex master one day...
thats very flattering but ive been out since yesterday. i guess im a coward. that will change your opinion on me.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,348
  • Feb 22, 2008 3:14am Feb 22, 2008 3:14am
i notice on the 15 minute chart that we are oversold and theres a dark cloud cover (bearish) and divergence, im expecting the price to go down but it looks like cable has a mind of it own...the bitch is evolving!!
I think it wont be to long b4 we have to just to keep up
  • #55,349
  • Feb 22, 2008 3:15am Feb 22, 2008 3:15am
oh baby if she breaks this resistance,lol
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #55,350
  • Feb 22, 2008 3:15am Feb 22, 2008 3:15am
Hello all, hope trading is good(if ur long anyway!)

Seems cable is out of the woods for the time being. The 19400 handle holding again on a daily basis, the charts favor move to 1.9740 - 19867 -19960 - 2 level and Higher. However failure to hold up at these levels shall have bearish implications with a daily/weekly close below 19400 to force to review a move 1.90/1.88 areas.
Attached Image (click to enlarge)
Click to Enlarge Name: CABLE pitchfork daily and weekly.JPG Size: 321 KB
Trading is 80% Emotional, 20% Technical
  • #55,351
  • Feb 22, 2008 3:17am Feb 22, 2008 3:17am
Quoting nAVIN2007
i notice on the 15 minute chart that we are oversold and theres a dark cloud cover (bearish) and divergence, im expecting the price to go down but it looks like cable has a mind of it own...the bitch is evolving!!
I think it wont be to long b4 we have to just to keep up

wat i was thinking exactly.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,352
  • Feb 22, 2008 3:21am Feb 22, 2008 3:21am
Weekly chart shows the 4 closes above the blue line, indicating the good support area if weekly closes above 1.9800 the momemtum will turn firmly bullish see moves higher next month, however again if fails to hold 1.9400 area then move lower
Attached Image (click to enlarge)
Click to Enlarge Name: cable weekly.JPG Size: 396 KB
Trading is 80% Emotional, 20% Technical
  • #55,353
  • Feb 22, 2008 3:21am Feb 22, 2008 3:21am
well I was thinking get off that TF your goning to get burned
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #55,354
  • Feb 22, 2008 3:21am Feb 22, 2008 3:21am
Quoting salah k.
thats very flattering but ive been out since yesterday. i guess im a coward. that will change your opinion on me.
hmm...sometimes it is wise to stay out of the trouble..and you are doing that...when we are not sure what is happening,or what will happen,dont get involved...its better to watch and analyse...
money is for living
  • #55,355
  • Feb 22, 2008 3:22am Feb 22, 2008 3:22am
Please tel me if I am right/wrong. There is divergance on 15m, 30m and 1H MACD on cable. That implies a drop in price? (in this case) MACD going lower, price going higher!
  • #55,356
  • Feb 22, 2008 3:24am Feb 22, 2008 3:24am
could it be the fact that geppy and Dow are bearish is keeping it from braking 9700?????????????????????????????????????????????????????????????????????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,357
  • Feb 22, 2008 3:26am Feb 22, 2008 3:26am
Quoting salah k.
could it be the fact that geppy and Dow are bearish is keeping it from braking 9700?????????????????????????????????????????????????????????????????????

What do you mean with this?
  • #55,358
  • Feb 22, 2008 3:34am Feb 22, 2008 3:34am
Quoting Runway Trade
Please tel me if I am right/wrong. There is divergance on 15m, 30m and 1H MACD on cable. That implies a drop in price? (in this case) MACD going lower, price going higher!
exactly!!!!!!!!!! its nuts
the bitch is evolving!!!!!!
  • #55,359
  • Feb 22, 2008 3:34am Feb 22, 2008 3:34am
Quoting derrekmay
What do you mean with this?
i mean equity market is bearish and it has that bearish effect on pound(usually). so that might be the reason y we didnt c 19700.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,360
  • Feb 22, 2008 3:35am Feb 22, 2008 3:35am
Quoting Runway Trade
Please tel me if I am right/wrong. There is divergance on 15m, 30m and 1H MACD on cable. That implies a drop in price? (in this case) MACD going lower, price going higher!
Yes, it should mean a drop in price on those timescales.

We could be in for a rangy session, so I've set a buy limit at 19625.
Darkness lies one inch ahead..
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