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Cable Update (GBPUSD)

  • #63,181
  • Apr 28, 2008 7:02pm Apr 28, 2008 7:02pm
My chart reads of accumulation today aswell (monday ) so i also expect higher.

I suspect the Euro will flip back to the bullish side soon to and have a attempt to close 1.6000+ for the weeks end.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #63,182
  • Apr 28, 2008 7:06pm Apr 28, 2008 7:06pm
Quoting Turveyd
My chart reads of accumulation today aswell (monday ) so i also expect higher.

I suspect the Euro will flip back to the bullish side soon to and have a attempt to close 1.6000+ for the weeks end.
technically u might be correct but i suspect dollar will find much strength this week which will cause euro to fall.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #63,183
  • Apr 28, 2008 7:08pm Apr 28, 2008 7:08pm
hey guys have u noticed that Abuawad hasnt been posting for quite sometime now
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #63,184
  • Apr 28, 2008 7:08pm Apr 28, 2008 7:08pm
Does anyone know what ever happened to Abuawad? started his own fund fund iguess!?
Trading is 80% Emotional, 20% Technical
  • #63,185
  • Apr 28, 2008 7:21pm Apr 28, 2008 7:21pm
Quoting salah k.
technically u might be correct but i suspect dollar will find much strength this week which will cause euro to fall.
Thats the problem though, too many variables it makes predicting the next 30mins hard enough let alone days and over multiple news releases.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #63,186
  • Apr 28, 2008 7:30pm Apr 28, 2008 7:30pm
She is due to come down a bit, maybe to about 9850. Otherwise, this pair is in a funk. Been away for a few hours, so kinda lost track.
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  • #63,187
  • Edited 7:49pm Apr 28, 2008 7:37pm | Edited 7:49pm
price is still holding at those support levelsits still to early to make a call in tokyo session ...but still looking bullish...if i see nice candle formation when franky opens i would be carefull with the downward trenlinelook at price action if price brakes intraday high it should move long nice to its intrday targets...Also if we have a suppor failure i would go short...

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  • #63,188
  • Apr 28, 2008 7:45pm Apr 28, 2008 7:45pm
HEY OLE BUDDY, YOU KNOW YOU GOT THE SWISSY UP THERE.

Quoting jets211990
price is still holding at those support levelsits still to early to make a call in tokyo session ...but still looking bullish...if i see nice candle formation when franky opens i would be carefull with the downward trenlinelook at price action if price brakes intraday high it should move long nice to its intrday targets...Also if we have a suppor failure i would go short...


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  • #63,189
  • Apr 28, 2008 7:50pm Apr 28, 2008 7:50pm
Quoting hard1head1
HEY OLE BUDDY, YOU KNOW YOU GOT THE SWISSY UP THERE.


Hey bud LOL!!!! Just noticed haha
  • #63,190
  • Apr 28, 2008 8:26pm Apr 28, 2008 8:26pm
My current Weekly target 2.0100 prior to FOMC
Analysis done yesterday.
Trade entered at 1.9786 out at R1 1.9930
Today looking to buy at 1.9850/1.9865
Target for today 2.0020/2.0060
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  • #63,191
  • Apr 28, 2008 8:34pm Apr 28, 2008 8:34pm
My Target alternatives post FOMC
No change - I see Cable going down from 2.0100 (alternative 1)
Cut - I see Cable going for 2.0660 (alternative 2)
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  • #63,192
  • Apr 28, 2008 9:53pm Apr 28, 2008 9:53pm
Quoting salah k.
wow u really strong on the bullish side

be careful man full week ahead
too much news that can push cable to limits.
yup...must careful...i take long from last week around 9718 n average up...
  • #63,193
  • Apr 28, 2008 10:03pm Apr 28, 2008 10:03pm
My believe for this currency.

The GBP/USD is looking bullish overall....
The reason why this is because the intraday fibbs has been respected and it showing support....

As long as you see this bias anything taken in a short direction has a lower probablity as a trade...also if you do take a short you have to treat it as a scalp until price does not close below intraday short...

If you get a nice candle formation at the open of franky its a good signal to go long if it appears around the intrday long since it would be showing you major suport at the intraday long fibb. Also we have an uppertrenline getting closer and that can apply bullish pressure....the only problem with the long is that you must pay attention to price action on the bearish trendline....That might be an area that you might what to pocket some pips.
Also if price start to head up but it is to choppy you should aim your target for resistance target one...if you see nice trendy movement then you should let it run to target one of intraday Fibb...

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  • #63,194
  • Apr 29, 2008 12:32am Apr 29, 2008 12:32am
Quote
Thats the problem though, too many variables it makes predicting the next 30mins hard enough let alone days and over multiple news releases.

I gte confused with all these fundamentals! do I care...... I trade wot's i see the chart
  • #63,195
  • Apr 29, 2008 12:33am Apr 29, 2008 12:33am
Quoting hard1head1
She is due to come down a bit, maybe to about 9850. Otherwise, this pair is in a funk. Been away for a few hours, so kinda lost track.
Jim, I agree that this pair seems ready to drop and I see a bunch of signposts pointing south.

I would like to see an average daily range achieved by price reaching a lower trend line at around 1.9750. But what I want and what the market gives me might do two very different things

Rob
  • #63,196
  • Apr 29, 2008 12:51am Apr 29, 2008 12:51am
Quoting hard1head1
She is due to come down a bit, maybe to about 9850. Otherwise, this pair is in a funk. Been away for a few hours, so kinda lost track.
hi bro hows u today i this the cable waiting the BOE gov king speaks at 8: 45 GMT there we should see a move
  • #63,197
  • Apr 29, 2008 12:57am Apr 29, 2008 12:57am
GBPUSD currently getting sideways no movement very slowly,
no clear direction,
  • #63,198
  • Apr 29, 2008 12:59am Apr 29, 2008 12:59am
Looking bullish as long my intraday long holds...support from trndline is coming up ahead....Waiting for franky to show me what the market whant to do ...If support fail with franky i will short...If support hold then i will scalp untill bearish trenline with some caution...

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  • #63,199
  • Apr 29, 2008 1:12am Apr 29, 2008 1:12am
Price is holding at trendline so far...i would wait for the close of this candle making a trade...you dont whant to get cought in some falsebreakout....price action is not looking so bearish no momentum yet...
  • #63,200
  • Apr 29, 2008 1:22am Apr 29, 2008 1:22am
Quoting TreasureHunt
yup...must careful...i take long from last week around 9718 n average up...
incredible entry
"what doesn't bankrupt me, makes me stronger" modern nietzche
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