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Cable Update (GBPUSD)

  • #61,661
  • Apr 15, 2008 10:33am Apr 15, 2008 10:33am
  •  Kokan
  • | Joined Mar 2007 | Status: Should I stay, or should I go | 73 Posts
Quoting fxdoc
Hi Kokan,
Do you draw each pivot lines everyday on your Saxo chart or did you find a way to import them ? TIA
Sorry for late respond.

My platform does not provide pivot points, but I have draw them first time I've started to use pivot points and than each day I move lines over the chart.
  • #61,662
  • Apr 15, 2008 10:41am Apr 15, 2008 10:41am
Quoting Teefoo
Why the euro not fall after the news until now???
oil
Don't chase the market, Let the market come to you
  • #61,663
  • Apr 15, 2008 10:44am Apr 15, 2008 10:44am
Quoting Tmac
oil
i thought oil is up due to the insufficient supply due to bahrains decrease in supply and mexico's port closing or something like that!!!!!!!!
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #61,664
  • Apr 15, 2008 10:45am Apr 15, 2008 10:45am
Take a look :

Attached Image (click to enlarge)
Click to Enlarge Name: elliot.gif Size: 11 KB


now we are on wave 3
  • #61,665
  • Apr 15, 2008 10:52am Apr 15, 2008 10:52am
hello there,

i hope that cable will retrace to 97 level again. as per on the movement it has to start its correction as per this moment. 149 movement is enough for the cable to do his retracement. no mover for to day but the dollar appreciate against all other major currency....i thought that we are expecting for a weaker dollar coz the oil reaches 113 per barrel. thus anybody manipulate the marekt now??????
  • #61,666
  • Apr 15, 2008 10:55am Apr 15, 2008 10:55am
i know that cable was on a down trend right now. but correction is only possible in the marekt for we are waiting for the 75 bps interest rate cut of the USD. this must be seen byt the trader....
  • #61,667
  • Apr 15, 2008 10:58am Apr 15, 2008 10:58am
Quoting onlyson1969
hello there,

i hope that cable will retrace to 97 level again. as per on the movement it has to start its correction as per this moment. 149 movement is enough for the cable to do his retracement. no mover for to day but the dollar appreciate against all other major currency....i thought that we are expecting for a weaker dollar coz the oil reaches 113 per barrel. thus anybody manipulate the marekt now??????
it unbelieve how this cable is droping i to expect a retracement..im actaully long on s1 level ..but i think it will get stoped out seem bias is to strong down ...

to many shorts it just canceling the long formations..
  • #61,668
  • Apr 15, 2008 11:00am Apr 15, 2008 11:00am
Quoting salah k.
i thought oil is up due to the insufficient supply due to bahrains decrease in supply and mexico's port closing or something like that!!!!!!!!
I have no idea why it is up and dont care, right now it is the only thing holding the euro up, it is not the euro holding oil
Don't chase the market, Let the market come to you
  • #61,669
  • Apr 15, 2008 11:00am Apr 15, 2008 11:00am
Quoting onlyson1969
i know that cable was on a down trend right now. but correction is only possible in the marekt for we are waiting for the 75 bps interest rate cut of the USD. this must be seen byt the trader....
75 bps????????

thats highly unlikely after these PPI numbers plus im sure CPI will hold a surprise much like the one we saw today.

Plus oil is up only because of supply demand issues and not because of weak dollar. so dollar should not depreciate because of oil new highs
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #61,670
  • Apr 15, 2008 11:03am Apr 15, 2008 11:03am
Quoting onlyson1969
i know that cable was on a down trend right now. but correction is only possible in the marekt for we are waiting for the 75 bps interest rate cut of the USD. this must be seen byt the trader....

dont trade what is not here and might never happen, trade what you see, NO news will ever change the direction of where a pair is headed, it only gives you spikes and then the market moves on its merry way just like before
Don't chase the market, Let the market come to you
  • #61,671
  • Apr 15, 2008 11:06am Apr 15, 2008 11:06am
Coverred the shorts for today at 9620 level. Good pips earneres. Reason, to late in the day to risk the profit.
Make sure losses are small and profits are bigger!
  • #61,672
  • Apr 15, 2008 11:10am Apr 15, 2008 11:10am
Two inverted hammers in a row on 1H! Market is thinking maybe time to reverse a little to 1.9685 or 1.9723? Are the bulls starting to beat the bears?
  • #61,673
  • Apr 15, 2008 11:10am Apr 15, 2008 11:10am
The oil stress the dollar
Grasp all lose all
  • #61,674
  • Apr 15, 2008 11:19am Apr 15, 2008 11:19am
Quoting Runway Trade
Two inverted hammers in a row on 1H! Market is thinking maybe time to reverse a little to 1.9685 or 1.9723? Are the bulls starting to beat the bears?

THATS IT BUDDY ..small bodies closes slightly higher..gives the bulls the edge and right at s1 level ..its a fair chance i think it might be starting to reverse and asain session always seem to do the reverse to london market so theres no telling what might happen here.....my stop is tight!
  • #61,675
  • Apr 15, 2008 11:26am Apr 15, 2008 11:26am
Quoting nAVIN2007
THATS IT BUDDY ..small bodies closes slightly higher..gives the bulls the edge and right at s1 level ..its a fair chance i think it might be starting to reverse and asain session always seem to do the reverse to london market so theres no telling what might happen here.....my stop is tight!
My stop is at 1.9615 low so far at 1.9619 I recon if it goes further than that I am out. In at 9623
  • #61,676
  • Apr 15, 2008 11:39am Apr 15, 2008 11:39am
i hate to spoil ur parade for longs but it seems that oil is retracing a bit
that might or might not have a positive effect on dollar

but in the scenario where it might then euro will fall taking cable further souh with it.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #61,677
  • Apr 15, 2008 11:45am Apr 15, 2008 11:45am
SL at 9612 Sell entry order at 9610! Market must do what the market wants to do. LOL
  • #61,678
  • Edited 12:05pm Apr 15, 2008 11:51am | Edited 12:05pm
M30 open/close in a range 1.9622 - 1.9639 within 4 hours. No other choice for me to stay patient till strong trend appear !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #61,679
  • Apr 15, 2008 11:55am Apr 15, 2008 11:55am
this from trade central might help stop some guessing here

or will it?

these guys are OK at best but worth looking at for confirmation sometimes
Attached Image
Don't chase the market, Let the market come to you
  • #61,680
  • Apr 15, 2008 11:57am Apr 15, 2008 11:57am
Quoting salah k.
i hate to spoil ur parade for longs but it seems that oil is retracing a bit
that might or might not have a positive effect on dollar

but in the scenario where it might then euro will fall taking cable further souh with it.
this will effect EU more so than the GU as both here are weak pairs
Don't chase the market, Let the market come to you
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