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Cable Update (GBPUSD)

  • #61,581
  • Apr 14, 2008 8:57pm Apr 14, 2008 8:57pm
Quoting bearded_clam
Based on what I am seeing, I am scratching my short. FLAT.

Going to go long to 2.35.
That ia taking a LONG Position towards year 2010 I think.

June 2009 ain't that far off.
  • #61,582
  • Apr 14, 2008 8:58pm Apr 14, 2008 8:58pm
Quoting bearded_clam
Based on what I am seeing, I am scratching my short. FLAT.

Going to go long to 2.35.
Yikes!
USD Est Non Mortuus
  • #61,583
  • Apr 15, 2008 12:01am Apr 15, 2008 12:01am
we can see 1.9413 or 2.0142 today, there gonna be some big moves today, take your time and get in with the trend, be in no hurry to jump in with a buy or sell, let the trend come to you.
If I Go Broke Trying Then I Will die happy.
  • #61,584
  • Apr 15, 2008 1:04am Apr 15, 2008 1:04am
Quoting Moe
we can see 1.9413 or 2.0142 today, there gonna be some big moves today, take your time and get in with the trend, be in no hurry to jump in with a buy or sell, let the trend come to you.
I think it's going to go down because of the huge red numbers released this morning for the GBP. However, I think the fall could be cushioned by bad numbers from the US. I think a huge drop is going to happen when London opens.
  • #61,585
  • Apr 15, 2008 1:12am Apr 15, 2008 1:12am
Quoting Kokan
Navin I know what you are going trough.
Try with fibonacci daily pivot points.
No need to calculate.
Take them from Action forex and place them on your chart.
It will give you visual direction and how far it could go.
When it come to resistance or support you will se the action and make a decision.
Hi Kokan,
Do you draw each pivot lines everyday on your Saxo chart or did you find a way to import them ? TIA
  • #61,586
  • Apr 15, 2008 1:23am Apr 15, 2008 1:23am
Quoting bearded_clam
Based on what I am seeing, I am scratching my short. FLAT.

Going to go long to 2.35.
2.035 or u actually mean 2.35
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #61,587
  • Apr 15, 2008 1:24am Apr 15, 2008 1:24am
Quoting salah k.
2.035 or u actually mean 2.35
Hi Salah! what's up?? what's your position?
I believe . . .
  • #61,588
  • Apr 15, 2008 1:30am Apr 15, 2008 1:30am
Quoting ghous
Hi Salah! what's up?? what's your position?
hey bro im out because this CPI number is a big one and should have a strong impact.
overall my bias is bearish but u never know.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #61,589
  • Apr 15, 2008 1:42am Apr 15, 2008 1:42am
Quoting salah k.
hey bro im out because this CPI number is a big one and should have a strong impact.
overall my bias is bearish but u never know.
what do you guys think abt this number coming out soon? i took my short earlier yesterday and i am still holding it, since the rates were cut could there be a rise in inflation?? and if so then this should strenghthen GBP, but then BOE sticks to the policy of "no more rate increments"...
I believe . . .
  • #61,590
  • Edited 2:43am Apr 15, 2008 1:45am | Edited 2:43am
I use Abuawad method, short 1.9740, close 1.9700. Looks like 1.9693 is a strong support. Let us see broken or not, then decide short or long.
Attached Image
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #61,591
  • Apr 15, 2008 1:50am Apr 15, 2008 1:50am
Cable's got a bit of a hangover this morning. The question is ...how long will it suffer?
Personally I think it's also got a touch of food poisoning and could be weak for a while. See weekly chart ... http://www.forexfactory.com/showpost...ostcount=61564
Attached Image (click to enlarge)
Click to Enlarge Name: cable weakness.jpg Size: 50 KB
  • #61,592
  • Apr 15, 2008 1:59am Apr 15, 2008 1:59am
Quoting Moe
we can see 1.9413 or 2.0142 today, there gonna be some big moves today, take your time and get in with the trend, be in no hurry to jump in with a buy or sell, let the trend come to you.

well said my brother ...i wish i didnt miss my short only 4 pips ..the damn spread i missed by right at 1.9900, missed by a whisker ...

now im looking for 1.9879 for a entery ..that would be good ...if it gets there.
Attached Image (click to enlarge)
Click to Enlarge Name: picture.JPG Size: 116 KB
  • #61,593
  • Apr 15, 2008 2:18am Apr 15, 2008 2:18am
Quoting bearded_clam
Based on what I am seeing, I am scratching my short. FLAT.

Going to go long to 2.35.
if price didnt settle above 9775, why did you scratch your short and go long? arent you contradicting yourself?

i am following my plan, put stop at be +6 and will let it ride
  • #61,594
  • Edited 3:16am Apr 15, 2008 2:38am | Edited 3:16am
if we cross 1.9757 then theres a chance of 1.9868 where 2.1 0r whatever comes from i dont understand ...please show chart....

we should see 1.9871..i cant beieve this thing is thinking of sinking already, if it does it might be that, we that 1.93 gonna form the resistance...not the support ...LOL

THE RED TRENDLINE IS RECEEDING ...quite worrying for long positions .me thinks?
Attached Image (click to enlarge)
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  • #61,595
  • Apr 15, 2008 2:54am Apr 15, 2008 2:54am
we will break this range once news comes out.
If I Go Broke Trying Then I Will die happy.
  • #61,596
  • Apr 15, 2008 3:19am Apr 15, 2008 3:19am
Quoting Moe
we will break this range once news comes out.
see chart..
Attached Image (click to enlarge)
Click to Enlarge Name: picture.JPG Size: 119 KB
  • #61,597
  • Apr 15, 2008 3:31am Apr 15, 2008 3:31am
0.4% V 0.6%e; Y/y 2.5% V 2.6%e;
  • #61,598
  • Apr 15, 2008 3:32am Apr 15, 2008 3:32am
bad news for gbp
  • #61,599
  • Apr 15, 2008 3:33am Apr 15, 2008 3:33am
Quoting priceaction
Cable's got a bit of a hangover this morning. The question is ...how long will it suffer?
Personally I think it's also got a touch of food poisoning and could be weak for a while. See weekly chart ... http://www.forexfactory.com/showpost...ostcount=61564
News was not good at 10:30 CET for our sick patient.
  • #61,600
  • Apr 15, 2008 3:35am Apr 15, 2008 3:35am
why it hasn't dropped?
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