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Cable Update (GBPUSD)

  • #56,061
  • Feb 26, 2008 7:40pm Feb 26, 2008 7:40pm
2 charts to show you how to think. divergence, trendline, but no breakout. so... NO SHORT.
i said it many times, a divergence by itself = NOTHING. a confirmed divergence = PROFIT in your pockets.

Quoting TraderJR
Thanx for the enlightenment, there's very little on the board for wannabees.

However wouldn't this qualify as bearish divergence? (of course one at that stage one doesn't know the big rise is coming).

Or could you post an example of the divergence you are referring to?

TIA
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gu60_1.gif Size: 18 KB
Nihil Sine Deo.
  • #56,062
  • Feb 26, 2008 7:44pm Feb 26, 2008 7:44pm
Quoting Subdude
I would argue that a turnaround in the housing sector cannot be ignited by lowering the interest rates alone, and it seems I'm not the only one who realizes that. Demand is a function of more than just low rates; if the wealth is not there there'll be no appreciable demand increase. Eroding the dollar indefinitely is actually detrimental to housing sector turnaround.



Inflation is sort of like a dog chasing its own tail - if you try and put more money in people's hands, there will not be enough of it to catch up with the resulting price increases - if you don't, then consumption suffers, and hence the slowdown in the economy. Perhaps I'm completely wrong and FOMC will forego the long term interests of the economy to try and keep appearances, but I'm guessing even this Fed knows what happens when your money is good for little more than wallpaper in the bathroom.

LOL, if you are the only one that realizes this, then what does that mean!! everybody else is wrong and you are right? no, its vice versa. I dont think that you know what happens when a central lowers interest rates. Its a domino effect, you will see in a couple of months. This is when the first cuts which started last september will take effect.
  • #56,063
  • Feb 26, 2008 7:56pm Feb 26, 2008 7:56pm
Quoting AmeriTrini
LOL, if you are the only one that realizes this, then what does that mean!! everybody else is wrong and you are right? no, its vice versa. I dont think that you know what happens when a central lowers interest rates. Its a domino effect, you will see in a couple of months. This is when the first cuts which started last september will take effect.
Actually, there's no need to wait a couple of months - the effects of the rate cuts can be observed quite clearly already. If you really believe the housing market (and the economy overall) can be saved by near zero interest rates, have a look at Japan of the past 10 years.

Anyway, enough on the subject in this thread though, as this discussion should really take place elsewhere. Good luck with your trading.
  • #56,064
  • Edited Feb 27, 2008 12:44am Feb 26, 2008 8:01pm | Edited Feb 27, 2008 12:44am
Quoting Subdude
Actually, there's no need to wait a couple of months - the effects of the rate cuts can be observed quite clearly already. If you really believe the housing market (and the economy overall) can be saved by near zero interest rates, have a look at Japan of the past 10 years.

Anyway, enough on the subject in this thread though, as this discussion should really take place elsewhere. Good luck with your trading.
Thanks, but luck is not involved in good trading. Good judgements are always involved though. Happy Trading to you.
  • #56,065
  • Feb 26, 2008 8:11pm Feb 26, 2008 8:11pm
call me crazy, but seeing gu going down in the next hours....

just "pain in tha * new" zealand data can give the theory even when usa is crashing if the hole world also enter into chaos greenback could benefit, probably today is also an effect of the europe early data.
which is probably a bounce.


really dont know why boe is calling for aggresive rate cuts, if uk gdp(growth) is so good.
  • #56,066
  • Feb 26, 2008 8:13pm Feb 26, 2008 8:13pm
Quoting AmeriTrini
Thanks, but luck is not involved good in trading. Good judgements are always involved though. Happy Trading to you.
...time to short buddy for another 80 pips down!
  • #56,067
  • Feb 26, 2008 8:34pm Feb 26, 2008 8:34pm
Quoting acidguy
really dont know why boe is calling for aggresive rate cuts, if uk gdp(growth) is so good.

Growth good LOL

Like inflation it's fine, if you include the price of TV's and other such good, basic living stuff is up 20-30% over the last 12months, ie bread, milk, general food, fuel stuff people actually regulary buy.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,068
  • Feb 26, 2008 8:59pm Feb 26, 2008 8:59pm
i've added to my short target 1.9250
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  • #56,069
  • Feb 26, 2008 10:16pm Feb 26, 2008 10:16pm
also the five day is banging it's pretty little head off the 618 fib
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  • #56,070
  • Feb 26, 2008 11:25pm Feb 26, 2008 11:25pm
hang man hang man turn your head a while think I see my friends coming riding many a mile
  • #56,071
  • Feb 26, 2008 11:43pm Feb 26, 2008 11:43pm
Well cable hit the third target on yesterday analysis at 1.9890 , here is the analysis for today 27-2-2008
Attached Image
  • #56,072
  • Feb 26, 2008 11:44pm Feb 26, 2008 11:44pm
Quoting Scrat
stochastic is not lagging, theoretically... because it is an oscillator.
Well thanks for the lesson Scrat ,really I do agree these indicators are not used correctly including me ,lol, that’s why I don’t use em
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #56,073
  • Feb 26, 2008 11:46pm Feb 26, 2008 11:46pm
Quoting Subdude
Actually, there's no need to wait a couple of months - the effects of the rate cuts can be observed quite clearly already. If you really believe the housing market (and the economy overall) can be saved by near zero interest rates, have a look at Japan of the past 10 years.

Anyway, enough on the subject in this thread though, as this discussion should really take place elsewhere. Good luck with your trading.
Actually ,it’s a great place to have this disscussion
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #56,074
  • Feb 27, 2008 12:15am Feb 27, 2008 12:15am
Quoting Abuawad
Well cable hit the third target on yesterday analysis at 1.9890 , here is the analysis for today 27-2-2008

chart
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  • #56,075
  • Feb 27, 2008 12:27am Feb 27, 2008 12:27am
I'd say this bullish trend could last till friday.. 1.9950-2.0000
  • #56,076
  • Feb 27, 2008 1:18am Feb 27, 2008 1:18am
Quoting hellofx
I'd say this bullish trend could last till friday.. 1.9950-2.0000
This is surely funny... I guess this is not Fundamental nor Tech... Psychological Keep going up money... Lost money to some Short earlier in day...
  • #56,077
  • Feb 27, 2008 1:18am Feb 27, 2008 1:18am
Good Day

Cable is in an uptrend and consolidate after the last bullish movement. 1H and 4H is in a bullish configuration and should continue to gather momentum. Cable should find a resistance between 1,9900 1,9950

Daily Pivot 1.9795
Daily Resistance 1.9949 , 2.0029
Daily support 1.9716 , 1.9563
Weekly Pivot 1.9580
  • #56,078
  • Feb 27, 2008 1:20am Feb 27, 2008 1:20am
Quoting makey2u
just shorted for 1.9760
are you ok.
If I Go Broke Trying Then I Will die happy.
  • #56,079
  • Feb 27, 2008 1:22am Feb 27, 2008 1:22am
Quoting hellofx
I'd say this bullish trend could last till friday.. 1.9950-2.0000
this is looking like the weekly trend, up with no breaks il no more when n.y. close.
If I Go Broke Trying Then I Will die happy.
  • #56,080
  • Feb 27, 2008 1:25am Feb 27, 2008 1:25am
Quoting Abuawad
chart

great scientific map...sorry...chart. i i've ordered for a lens from my physician to read that. i will let you know what happens
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