Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#55,441
Feb 22, 2008 9:11am Feb 22, 2008 9:11am

magictrader
| Joined Jan 2008 | Status: Trader | 873 Posts

Fundamental news:

10:30 GBP http://www.forexfactory.com/images/m...mpact_high.gif Retail Sales m/m
http://www.forexfactory.com/images/m...etail_star.gif 0.8%
0.3% -0.2%http://www.forexfactory.com/images/m...us_revised.gif

16:00 USD http://www.forexfactory.com/images/m...act_medium.gif Philadelphia Fed Manufacturing Index
http://www.forexfactory.com/images/m...etail_star.gif -24.0
-10.0 -20.9

that's enough for cable, and look at EUR/GBP.

#55,442
Feb 22, 2008 9:12am Feb 22, 2008 9:12am

albertotralzt
| Joined Jan 2006 | Status: Trader | 81 Posts

Quoting Abuawad

Disliked

Long 1.9645 to 1.9690 = +45 pips

Ignored

Abuawad, that was a good prediction, can you explain how do you get the 9645 and 9605 levels as entry points?

thanks

#55,443
Feb 22, 2008 9:14am Feb 22, 2008 9:14am

allserene
Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts

Quoting allserene

Disliked

It will take our money up to 1.9706 then we can short for a short while and get our revenge

Then we are off back up again medium term

Ignored

I told ya I was the real champion when I beat sonny liston

#55,444
Feb 22, 2008 9:16am Feb 22, 2008 9:16am

Ash
Joined Jul 2007 | Status: Never Give In | 2,518 Posts

Quoting allserene

Disliked

I told ya I was the real champion when I beat sonny liston

Ignored

Humble Lifetime Member

#55,445
Feb 22, 2008 9:18am Feb 22, 2008 9:18am

Abu-Rami
Joined Jul 2007 | Status: Senior Member | 1,553 Posts

Quoting albertotralzt

Disliked

Abuawad, that was a good prediction, can you explain how do you get the 9645 and 9605 levels as entry points?

thanks

Ignored

Thanks, I say it before. From the opening to the nearest support and resistant within the range +-20 pips from the penning if there are no S/R line in this range I simply make the line -+20 pips from the opening as a limits for the unknown area.
The broken for these limits on the 4 hours chart give the currency the movement to the next determent target or S/R line in my analysis.
From more than 2 years its work with me 85%.

#55,446
Feb 22, 2008 9:19am Feb 22, 2008 9:19am

salah k.
Joined Apr 2007 | Status: Trader | 2,387 Posts

Quoting allserene

Disliked

I told ya I was the real champion when I beat sonny liston

Ignored

"what doesn't bankrupt me, makes me stronger" modern nietzche

#55,447
Feb 22, 2008 9:23am Feb 22, 2008 9:23am

dobbie11
| Joined May 2006 | Status: Trader | 325 Posts

buy cable at 660 , tp at 695 to 700 and sell again 1st target 635 , 2nd 600

#55,448
Feb 22, 2008 9:29am Feb 22, 2008 9:29am

salah k.
Joined Apr 2007 | Status: Trader | 2,387 Posts

Quoting dobbie11

Disliked

buy cable at 660 , tp at 695 to 700 and sell again 1st target 635 , 2nd 600

Ignored

i just shorted too hoping we could reach 50 is too much for me

"what doesn't bankrupt me, makes me stronger" modern nietzche

#55,449
Feb 22, 2008 9:35am Feb 22, 2008 9:35am

dobbie11
| Joined May 2006 | Status: Trader | 325 Posts

Quoting salah k.

Disliked

i just shorted too hoping we could reach 50 is too much for me

Ignored

do what u see I could be wrong u know. but this is what I see.

#55,450
Feb 22, 2008 9:36am Feb 22, 2008 9:36am

X-CooL
| Joined Dec 2007 | Status: Trader | 54 Posts

i think buyer closed position now and ready to short

#55,451
Feb 22, 2008 9:38am Feb 22, 2008 9:38am

allserene
Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts

Bullrock(s) says its going down 100 today and he is never wrong except when he isn't right.

It's Friday and we had a nice pop up yesterday and there is no news around

It would seem logical (oh dear there I go again) for people to take some profit before the weekend

On this basis I will try and scalp a few shorts as the day goes on

but back in next week long hopefully if there is an entry point around 1.965 and hoping for a run to 1.98 something

#55,452
Feb 22, 2008 9:39am Feb 22, 2008 9:39am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting Abuawad

Disliked

Thanks, I say it before. From the opening to the nearest support and resistant within the range +-20 pips from the penning if there are no S/R line in this range I simply make the line -+20 pips from the opening as a limits for the unknown area.
The broken for these limits on the 4 hours chart give the currency the movement to the next determent target or S/R line in my analysis.
From more than 2 years its work with me 85%.

Ignored

i was thinking the same thing

#55,453
Feb 22, 2008 9:39am Feb 22, 2008 9:39am

mazdaz
| Joined Nov 2007 | Status: Watch Half Naked Charts | 202 Posts

I have a fairly good reason to believe that price will reach 1.91 level in the next two weeks.

#55,454
Feb 22, 2008 9:49am Feb 22, 2008 9:49am

allserene
Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts

Quoting mazdaz

Disliked

I have a fairly good reason to believe that price will reach 1.91 level in the next two weeks.

Ignored

Reveal yourself - are you Bruce Almighty ?

Actually the forex sites all have cable at 1.82 before the year is out so you may be right - but whatever drove cable to 2.11 is still in the woods at night and watching this market

I don't know what is holding the USD up when everything in the US is much worse than it was when USD deteriorated from 1.70 to 2.11 and the Uk is not that much worse - it fact only a tiny little bit off really

It will be fun finding out who is right and with thousands of pips at stake there is much gold here in these next few months

#55,455
Feb 22, 2008 9:49am Feb 22, 2008 9:49am

Carrera
Joined Jun 2007 | Status: Forex is my jungle | 540 Posts

For me, I just wait for my order to be triggered and let it move. If not triggered, nothin to loose.
My predicted pattern maybe will be real.
Have a nice weekend to you all and good trading.

#55301 post for the first chart

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