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Cable Update (GBPUSD)

  • #63,201
  • Apr 29, 2008 1:35am Apr 29, 2008 1:35am
Quoting fxdoc
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)
Very good analysis and targets. Just how did u come out with this 2.066 target?
Actually i was also looking for a break of the TL around 2.01, but i really couldn t see any target-potential reversal... just the direction

any enlightment woulb be very helpful

H.
  • #63,202
  • Apr 29, 2008 2:06am Apr 29, 2008 2:06am
Quoting hirek
Very good analysis and targets. Just how did u come out with this 2.066 target?
Actually i was also looking for a break of the TL around 2.01, but i really couldn t see any target-potential reversal... just the direction

any enlightment woulb be very helpful

H.
Bonjour !

By projecting the range 1.9336 (22/01/08)/2.0397 (14/03/08)
to the low of 1.9599 (15/04/08).
  • #63,203
  • Apr 29, 2008 2:17am Apr 29, 2008 2:17am
That is a good call and that is just where I started buying.like the targets too




Quoting fxdoc
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
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,204
  • Apr 29, 2008 2:23am Apr 29, 2008 2:23am
2.0068 is R2 on my daily pivots so expect res if price gets there.


Quoting hirek
Very good analysis and targets. Just how did u come out with this 2.066 target?
Actually i was also looking for a break of the TL around 2.01, but i really couldn t see any target-potential reversal... just the direction

any enlightment woulb be very helpful

H.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,205
  • Apr 29, 2008 2:38am Apr 29, 2008 2:38am
Still holding half my short from this morning.
  • #63,206
  • Apr 29, 2008 3:06am Apr 29, 2008 3:06am
Quoting priceaction
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
Humpty Dumpty sat on the wall ...ready to fall.
Just like cable since yesterday morning.

Short at 1.9887 riding a nice yellow wave (or the yellow brick road) - some analysis shown below.

Rob
Attached Image (click to enlarge)
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  • #63,207
  • Apr 29, 2008 3:32am Apr 29, 2008 3:32am
*(uk) Mar Mortgage Approvals: 64k V 66ke,

lowest On Record
  • #63,208
  • Apr 29, 2008 3:46am Apr 29, 2008 3:46am
http://www.parliamentlive.tv/Main/Vi...Id=1628&rel=ok

Mervin King live
Trading is 80% Emotional, 20% Technical
  • #63,209
  • Apr 29, 2008 3:55am Apr 29, 2008 3:55am
I have been following this forum for a while without posting, as i am new to trading and am still learning the tech aspects. I appreciate you all posting charts as well as explanations. it has helped tremendously..

one question for anyone here... Jets, i noticed you scalp. what indicators do you use (please, anyone feel free to reply...) I appreciate any input..
Durn the torpedos, full speed ahead
  • #63,210
  • Apr 29, 2008 4:32am Apr 29, 2008 4:32am
Quoting fx local
http://www.parliamentlive.tv/Main/Vi...Id=1628&rel=ok

Mervin King live
Thanks a lot
PIPS AND PIPS ONLY... + OF COURSE
  • #63,211
  • Apr 29, 2008 4:36am Apr 29, 2008 4:36am
Maybe some retracement from 1,9800??
  • #63,212
  • Apr 29, 2008 4:59am Apr 29, 2008 4:59am
1.9730 Looks like a nice target.
  • #63,213
  • Apr 29, 2008 5:12am Apr 29, 2008 5:12am
Well done Rob nice work.

Quoting priceaction
Humpty Dumpty sat on the wall ...ready to fall.
Just like cable since yesterday morning.

Short at 1.9887 riding a nice yellow wave (or the yellow brick road) - some analysis shown below.

Rob
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,214
  • Apr 29, 2008 5:14am Apr 29, 2008 5:14am
Quoting hard1head1
1.9730 Looks like a nice target.
Jim,
Being reasonable, I also see the trend line at 1.9730 as being a nice target.

Being optimistic (or perhaps greedy ), I see a few lower levels also ...

Trend line at 1.9745
Last week's low at 1.9676
Trend line at 1.9600

But even 1.9730 will be a nice 157 pips and a good day at the office.
I did scale out with 1/3 at 80 pips, 1/3 at 130 pips and the remainder will just go with the flow.

Rob
  • #63,215
  • Apr 29, 2008 5:20am Apr 29, 2008 5:20am
Cable heading for 1.9700 for today
Looks like a change of trend again.
  • #63,216
  • Apr 29, 2008 5:21am Apr 29, 2008 5:21am
Quoting Bones
Well done Rob nice work.
Yes Cheers Tone.

It's good when it all works out like that isn't it - especially in the first half of the London session.

Rob
  • #63,217
  • Apr 29, 2008 5:24am Apr 29, 2008 5:24am
Yea, 9730 stands in the way of 9620 area. News may just have been bad enough to get us thru.
Attached Image (click to enlarge)
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  • #63,218
  • Apr 29, 2008 5:38am Apr 29, 2008 5:38am
Nice push here, good momentum. It may continue.
  • #63,219
  • Apr 29, 2008 5:42am Apr 29, 2008 5:42am
Quoting hard1head1
Yea, 9730 stands in the way of 9620 area. News may just have been bad enough to get us thru.
Well Jim, it's been a dire day for Cable news with the worst mortgage approvals on record and lower than expected CBI figures. I hear it's raining in London too so a bad day all round

Let's see if the US news has a better time (and take us to the lower targets).

Rob
  • #63,220
  • Apr 29, 2008 6:21am Apr 29, 2008 6:21am
wow UK news is really bad 19700 area and we still didnt reach the good dollar news.

could we see 9400 this week.
anything's possible.
"what doesn't bankrupt me, makes me stronger" modern nietzche
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