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Cable Update (GBPUSD)

  • #66,321
  • May 16, 2008 1:31am May 16, 2008 1:31am
I believe the swissy is a great guide to dollar strength in general, If swissy is down cable is up.

Or visa versa
Attached Image (click to enlarge)
Click to Enlarge Name: swissy.gif Size: 15 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #66,322
  • May 16, 2008 1:32am May 16, 2008 1:32am
Quoting Bones
I believe the swissy is a great guide to dollar strength in general, If swissy is down cable is up.

Or visa versa
Good thanks for your input.
Expected the unexpected
  • #66,323
  • May 16, 2008 1:40am May 16, 2008 1:40am
Quoting scyang
I thought there was some strong association between swissy and cable and that's why you posted swissy charts in the cable thread. You might explain more if I didn't get what you are saying. Thanks.
There are other Swissy charts in this thread , aren't there ?.....
  • #66,324
  • May 16, 2008 1:42am May 16, 2008 1:42am
Quoting marketwavez
there are other swissy charts in this thread , arent there ?
Maybe, but didn't notice. Just trying to make some sense out of what you are trying to say. Just learning.
Expected the unexpected
  • #66,325
  • May 16, 2008 1:44am May 16, 2008 1:44am
Marketwavez can come across rude but I think his heart is in the right place, lol

If he believes there is no relationship he should not talk about it I suppose?





Quoting marketwavez
i only believe in one Currency Pair Relationship

--------------------------------------------------------
that's the Usd Dollar to the Swiss Franc ---
( all other relationships are manipulated )

sorry , please ask someone else your relationship questions

--------------------------------------------------------------
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #66,326
  • Edited 2:10am May 16, 2008 1:48am | Edited 2:10am
Quoting scyang
Maybe, but didn't notice. Just trying to make some sense out of what you are trying to say. Just learning.
Well , there's lots of charts in this thread for you to notice - see them all

Good luck with your learning .........

-----------------------------------------------------------------------
  • #66,327
  • May 16, 2008 1:54am May 16, 2008 1:54am
Quoting Bones
Marketwavez can come across rude but I think his heart is in the right place, lol

If he believes there is no relationship he should not talk about it I suppose?
Why don't you explain the relationship in question ?

i have no further information on this question of relationship otherwise ,
i would gladly share it .............if you or some one else has something

then go ahead , share it ---- please explian .......

----------------------------------------------------------------------
  • #66,328
  • May 16, 2008 2:02am May 16, 2008 2:02am
Quoting Bones
I believe the swissy is a great guide to dollar strength in general, If swissy is down cable is up.

Or visa versa
market waves ...that is the explanation i cant add to it cause that all i know too
  • #66,329
  • May 16, 2008 2:05am May 16, 2008 2:05am
Quoting Runway Trade
Do you think it is trying to go long OR just testing the DP before going south. The daily bar for yesterday is a bearish ingulfing and evening star on the 30M now?????
In @ 161.95 out at S1 161.55 40pips easy.(EJ) and I see it is still going. Now I am done for the day. Made more in 2 hours today than I make in a week out of my shops. By then end of the year I'll put them in the market. This life is too tempting. But not on cable like it is behaving these days
  • #66,330
  • May 16, 2008 2:10am May 16, 2008 2:10am
Quoting Bones
Marketwavez can come across rude but I think his heart is in the right place, lol

If he believes there is no relationship he should not talk about it I suppose?
Cable is shooting through the roof while swissy is pretty much holding still. Doesn't seem to work with the correlation theory. I always thought that fiber and swissy are cross pairs. Never knew cable and swissy got anything to do with each other. Anybody explain this?
Expected the unexpected
  • #66,331
  • May 16, 2008 2:16am May 16, 2008 2:16am
Quoting scyang
Cable is shooting through the roof while swissy is pretty much holding still. Doesn't seem to work with the correlation theory. I always thought that fiber and swissy are cross pairs. Never knew cable and swissy got anything to do with each other. Anybody explain this?
basically the market adjusts itself when at the start of morning session u look for theses correlation, when it behaves as the correlation exist u now the market has adjusted, give it time..

if swissy moves down cable should move up....whether this is the case now is a different story but it used to be the case...

EUR up cable up and same for reverse...
  • #66,332
  • May 16, 2008 2:36am May 16, 2008 2:36am
Run up through Y/day's high to challenge potential resistance at 9420/25 being Offers (MNI 9520-25,) 123.6% extension of yesterday's range, 38.2% 9772-9362.
ex member
  • #66,333
  • May 16, 2008 2:39am May 16, 2008 2:39am
Quoting marketwavez
i only believe in one Currency Pair Relationship

--------------------------------------------------------
that's the Usd Dollar to the Swiss Franc ---
( all other relationships are manipulated )

sorry , please ask someone else your relationship questions

--------------------------------------------------------------
I dont believe in relationships
When life gives you lemons, make lemonade
  • #66,334
  • May 16, 2008 2:43am May 16, 2008 2:43am
LONDON, May 16 (Reuters) - Sterling rose to days highs versus the dollar on Friday with traders citing technical levels around $1.95 being taken out.
The pound hit an intra-day high of $1.9523 as traders said stops around Thursday's highs were breached above the $1.95 area.
"It's just stops going through $1.9500, $1.9510," said a trader in London."
Trading is 80% Emotional, 20% Technical
  • #66,335
  • May 16, 2008 2:45am May 16, 2008 2:45am
im long 1.9463, s/l 1.9415, t/p 1.9609
If I Go Broke Trying Then I Will die happy.
  • #66,336
  • May 16, 2008 2:50am May 16, 2008 2:50am
Quoting Moe
im long 1.9463, s/l 1.9415, t/p 1.9609
good risk reward
Trading is 80% Emotional, 20% Technical
  • #66,337
  • May 16, 2008 2:57am May 16, 2008 2:57am
Quoting fx local
good risk reward
more bang for the buck. lets see if it holds
If I Go Broke Trying Then I Will die happy.
  • #66,338
  • May 16, 2008 3:02am May 16, 2008 3:02am
cable been choppy all week. it don't look good for a breakout today.
If I Go Broke Trying Then I Will die happy.
  • #66,339
  • May 16, 2008 3:05am May 16, 2008 3:05am
if your into 10-20 pips per trade, then this is your kind of market
If I Go Broke Trying Then I Will die happy.
  • #66,340
  • May 16, 2008 3:06am May 16, 2008 3:06am
Quoting Tmac
http://www.tradingpricepatterns.com/guides/

Navin I never got an email

just sent it buddy
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