Abuawad.. great picture!
Beautiful child! You have every right to be proud.
Beautiful child! You have every right to be proud.
"I know how hard it is for you to put food on your family." George W. Bush
Cable Update (GBPUSD)
- #58,403
- Mar 15, 2008 1:39am Mar 15, 2008 1:39am
Cop this.
Last week's GBP/USD Low 19993, High 20196 => Average 20195
Open 20196 and Close 20194 were ONE pip each side!!!
Houston (do) we have a problem...
I spotted it early yesterday when it acutally started ..........and made me confused
, accounting for one reason I left the market early. I think market has already over come that indecision and now it seems to be heading south since it did not go north at the end of the weekly cycle.
which your chart may be referring to.
On whether it will continue next week only time will tell. Friday session is still to complete until after Sunday evening.........market just pause for the weekend, if it turns up from current position and move up north again, yes, in early next week we may have the same indecision.
There is nothing holding it from falling to 2.0008, and then it should go
back 1.9968, then another indecision for the entire year if it goes back
to below 1.9968.
Third month into the year no direction
yet.
- #58,404
- Mar 15, 2008 4:38am Mar 15, 2008 4:38am
You are right about the weekly indecision in the GBP/USD market.
I spotted it early yesterday when it acutally started ..........and made me confused
I think market has already over come that indecision and now it seems to be heading south since it did not go north at the end of the weekly cycle.
which your chart may be referring to.
On whether it will continue next week only time will tell.
Darkness lies one inch ahead..
- #58,405
- Mar 15, 2008 4:58am Mar 15, 2008 4:58am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
You are right about the weekly indecision in the GBP/USD market.
I spotted it early yesterday when it acutally started ..........and made me confused
I think market has already over come that indecision and now it seems to be heading south since it did not go north at the end of the weekly cycle.
which your chart may be referring to.
On whether it will continue next week only time will tell. Friday session is still to complete until after Sunday evening.........market just pause for the weekend, if it turns up from current position and move up north again, yes, in early next week we may have the same indecision.
There is nothing holding it from falling to 2.0008, and then it should go
back 1.9968, then another indecision for the entire year if it goes back
to below 1.9968.
Third month into the year no direction
Third month of the year and no direction ?????
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #58,406
- Mar 15, 2008 5:14am Mar 15, 2008 5:14am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #58,407
- Mar 15, 2008 5:44am Mar 15, 2008 5:44am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
Good day people. How yall doing?
My thughts on cable: d1 we have a 2 bar reversal pattern, double bar high lower closing and thats on the 50% fib, those few pips difference on dayly i think its alright, so we check weekly and there might be a pinbar of the 50%, so thats a strong down moove for me, depends what the rate cuts bring us, if we good then cable has room to drop till montly pivot @ 9741, and thats about the same price the left leg of pinbar's low is, as you all know thats the minimum we should expect from this such kind of pin on swing high. But as you know thats only my thoughts anyone else please share your ideas. Also im intraday trader so longer term predictions dont matter for me alot
Cheers
My thughts on cable: d1 we have a 2 bar reversal pattern, double bar high lower closing and thats on the 50% fib, those few pips difference on dayly i think its alright, so we check weekly and there might be a pinbar of the 50%, so thats a strong down moove for me, depends what the rate cuts bring us, if we good then cable has room to drop till montly pivot @ 9741, and thats about the same price the left leg of pinbar's low is, as you all know thats the minimum we should expect from this such kind of pin on swing high. But as you know thats only my thoughts anyone else please share your ideas. Also im intraday trader so longer term predictions dont matter for me alot
Cheers
- #58,408
- Mar 15, 2008 6:42am Mar 15, 2008 6:42am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I believe . . .
- #58,409
- Mar 15, 2008 7:31am Mar 15, 2008 7:31am
- Joined Apr 2007 | Status: Trader | 2,387 Posts
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #58,410
- Mar 15, 2008 7:35am Mar 15, 2008 7:35am
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts
On-site guru & also FF member's' psychiatrist, when not drinking tea
- #58,411
- Mar 15, 2008 7:42am Mar 15, 2008 7:42am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I believe . . .
- #58,412
- Mar 15, 2008 8:02am Mar 15, 2008 8:02am
- Joined Apr 2007 | Status: Trader | 2,387 Posts
we must not forget that Gu is supposed to resume the uptrend...ofcaorse it might not, but the interest rates on tuesday are bound to have bullish effects on the pair, morever a short further below then the 2 major supports i.e 2.0055 and 2.0195 on my charts is quite foolish really and too much to be expected of a retracment.
but i believe that the only reason we went up from 9300 area was because of week dollar or a retracement to 61.8 fibo(which is 2.0400 area
so we might be expecting a surprise because markets are pricing in 50 bps
so wat if we get 25 (which we might)
or wat if the markets price in 75 bps and we only get 50 that would kill the pairs bullish momentum i think.
but gr8 analysis bro i enjoy reading it.
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #58,413
- Mar 15, 2008 8:06am Mar 15, 2008 8:06am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
the charts seem kinda confusing and i think...its basically all about what the news will be like.....what i find worrying is :
weekly chart shows bullish weeks and this last weeks close .the real body is very short (high wave candle)..shows bulls are out of steam, potential reversal may be seen (market psychology shows bulls are tired)
the 4 hr time frame shows bears brought down the price and i think hit a trendline and bounced (2.0173) whether this bounce will be enough to give a bullish checkmate is another story...this is what i come up with so far...
see blue dotted trendline guys
.....
I think personally we going to go toward south...the bounce probably will allows us to go towards the 50 fib to retest and confirm break through....the news is the only thing that i think may bring a bullish revival that may result in us moving up!!! ....whats the thought on this analysis?
weekly chart shows bullish weeks and this last weeks close .the real body is very short (high wave candle)..shows bulls are out of steam, potential reversal may be seen (market psychology shows bulls are tired)
the 4 hr time frame shows bears brought down the price and i think hit a trendline and bounced (2.0173) whether this bounce will be enough to give a bullish checkmate is another story...this is what i come up with so far...
see blue dotted trendline guys
.....I think personally we going to go toward south...the bounce probably will allows us to go towards the 50 fib to retest and confirm break through....the news is the only thing that i think may bring a bullish revival that may result in us moving up!!! ....whats the thought on this analysis?
- #58,414
- Mar 15, 2008 8:11am Mar 15, 2008 8:11am
- Joined Apr 2007 | Status: Trader | 2,387 Posts
the charts seem kinda confusing and i think...its basically all about what the news will be like.....what i find worrying is :
weekly chart shows bullish weeks and this last weeks close .the real body is very short (high wave candle)..shows bulls are out of steam, potential reversal may be seen (market psychology shows bulls are tired)
the 4 hr time frame shows bears brought down the price and i think hit a trendline and bounced (2.0173) whether this bounce will be enough to give a bullish checkmate is another story...this is what i come up with so far...
see blue dotted trendline guys
exactly
i have been trying all yesterday to talk about weekly close
i mean if it had closed under 2.0173(weekly open )
we would be in bearish mode for sure.
because it is way overstretched.
plus if we witness a big drop then that is not a retracement anymore because that would prove that this whole bullish move was just a retracement and now we are back bearish
wat do u think bro
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #58,415
- Mar 15, 2008 8:18am Mar 15, 2008 8:18am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #58,416
- Mar 15, 2008 8:25am Mar 15, 2008 8:25am
- Joined Apr 2007 | Status: Trader | 2,387 Posts
"what doesn't bankrupt me, makes me stronger" modern nietzche
- #58,417
- Mar 15, 2008 8:33am Mar 15, 2008 8:33am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
Nihil Sine Deo.
- #58,418
- Mar 15, 2008 9:05am Mar 15, 2008 9:05am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
I believe . . .
- #58,419
- Mar 15, 2008 9:07am Mar 15, 2008 9:07am
- Joined Sep 2007 | Status: gone fishing | 5,782 Posts
- #58,420
- Mar 15, 2008 9:09am Mar 15, 2008 9:09am
- Joined Jan 2008 | Status: <<--(-$-)-->> | 5,571 Posts
another option that the price has is to go bullish from monday onwards and by tuesday news time find good res from the 2.0372 and the bearish news impact to go all the way down....see just try to run your mind a bit, you'll see a trillion possibilities building...
I believe . . .