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Cable Update (GBPUSD)

  • #66,581
  • May 18, 2008 6:37pm May 18, 2008 6:37pm
Quoting salah k.
i believe it might trigger a selloff
To me this looks like a good example of a descending flag, indicating more upside (haven't seen one for a good while)
Attached Image (click to enlarge)
Click to Enlarge Name: 080519 GBP-USD H1 Descending flag.gif Size: 64 KB
Darkness lies one inch ahead..
  • #66,582
  • Edited 7:14pm May 18, 2008 7:02pm | Edited 7:14pm
Quoting salah k.
gold had a direct relation with cable????

they have an indirect relation which is basically the dollar but i don't think what ur saying can apply.
he's referring to the USD in this equation I believe.. oop I'm a poet and don't even know it! Gold is in play.
USD Est Non Mortuus
  • #66,583
  • May 18, 2008 10:26pm May 18, 2008 10:26pm
look good friend...
Attached Image (click to enlarge)
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  • #66,584
  • May 19, 2008 12:05am May 19, 2008 12:05am
Quoting salah k.
gold had a direct relation with cable????

they have an indirect relation which is basically the dollar but i don't think what ur saying can apply.
1. Gold goes up and weakens the dollar and cable goes up. Thus gold goes up cable goes up. But yes the first relation is with the dollar.

2. MPC meeting this week 7-2 for a rate cut. I think that this could be priced in today or tomorrow so maybe cable will be going down today or tomorrow.

Pick 1 or 2
  • #66,585
  • May 19, 2008 12:23am May 19, 2008 12:23am
With bullish hammers on the daily and weekly, I believe the overall direction is up. I also see MACD and Stochs pointing up on the daily.

However until that move comes into play, I anticipate a retracement down to around 1.9520 (50% fib) or 1.9530 where the 60ema is hovering on the 30 min chart.

Rob
  • #66,586
  • May 19, 2008 12:54am May 19, 2008 12:54am
"GBP/USD update with I-Ching methode" good morning to all traders:

GBp 19/5 5:52am current price is run at 1.9564,then it seem the price will decline to 1.9538--1.9555 at early morning,then it will goes up to 1.9575--1.9597 at 8:52--11:02am,then it will congest within the range 1.9552--1.9575 at the noon time,then it will decline to 1.9475--1.9495 at 1:28--5:15pm,then we expect the price will goes up again to 1.9642--1.9672 at 5;25--10:25pm.

DORIS HALIM
FINDEXINFO TEAM
JAKARTA INDONESIA
  • #66,587
  • May 19, 2008 1:05am May 19, 2008 1:05am
Quoting aidaweb01
Where did you see the number published? ...

Forexfactory home page.
  • #66,588
  • May 19, 2008 1:20am May 19, 2008 1:20am
Quoting 20 PiPs
"GBP/USD update with I-Ching methode" good morning to all traders:

GBp 19/5 5:52am current price is run at 1.9564,then it seem the price will decline to 1.9538--1.9555 at early morning,then it will goes up to 1.9575--1.9597 at 8:52--11:02am,then it will congest within the range 1.9552--1.9575 at the noon time,then it will decline to 1.9475--1.9495 at 1:28--5:15pm,then we expect the price will goes up again to 1.9642--1.9672 at 5;25--10:25pm.

DORIS HALIM
FINDEXINFO TEAM
JAKARTA INDONESIA
I think it went up to 1.9586/91 so what do you guys think about retracement down to at least 1.9520/25. Actually I put a limit order of 1.9525 for short order and SL is around1.9599 and my entry was 1.9564 and 1.9561 which I was a little hurry and entered around 11:45 am central time us. But I just noticed that it went 26 pips between 12:33 am - 12:48 am central zone.
So I am thinking to put a limit order at 1.9525 or 1.9530 as my eyes are really tired and I am going to sleep as it is 1:20 am US central zone timing. But I am a little hesitant that could it go down that far (1.9525-1.9530).
  • #66,589
  • May 19, 2008 1:27am May 19, 2008 1:27am
Quoting 20 PiPs
"GBP/USD update with I-Ching methode" good morning to all traders:

GBp 19/5 5:52am current price is run at 1.9564,then it seem the price will decline to 1.9538--1.9555 at early morning,then it will goes up to 1.9575--1.9597 at 8:52--11:02am,then it will congest within the range 1.9552--1.9575 at the noon time,then it will decline to 1.9475--1.9495 at 1:28--5:15pm,then we expect the price will goes up again to 1.9642--1.9672 at 5;25--10:25pm.

DORIS HALIM
FINDEXINFO TEAM
JAKARTA INDONESIA
morning...where i can find that everyday?
  • #66,590
  • May 19, 2008 1:31am May 19, 2008 1:31am
I think this is the short movement of GU today... Perhaps
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  • #66,591
  • May 19, 2008 1:42am May 19, 2008 1:42am
Perhaps this could happen.. but anyway trade what you see on your chart.
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  • #66,592
  • May 19, 2008 7:40am May 19, 2008 7:40am
wow i never thought this thread would die like this.

come on guys dont give up on cable.

sh*t what am i saying im not even thinking of trading it either
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,593
  • May 19, 2008 7:44am May 19, 2008 7:44am
Hahaha! it's early. Folks will show up.

Quoting salah k.
wow i never thought this thread would die like this.

come on guys dont give up on cable.

sh*t what am i saying im not even thinking of trading it either
{Promotion Removed}
  • #66,594
  • May 19, 2008 7:51am May 19, 2008 7:51am
Quoting salah k.
wow i never thought this thread would die like this.

come on guys dont give up on cable.

sh*t what am i saying im not even thinking of trading it either
a lot of traders took a big hit last week.
If I Go Broke Trying Then I Will die happy.
  • #66,595
  • May 19, 2008 7:54am May 19, 2008 7:54am
Quoting ciscoguy
Hahaha! it's early. Folks will show up.
dude this thread never sleeps
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,596
  • May 19, 2008 7:55am May 19, 2008 7:55am
Wow this is the slowest monday ive seen in a while. There's no action on any pairs.
  • #66,597
  • May 19, 2008 7:57am May 19, 2008 7:57am
Quoting Moe
a lot of traders took a big hit last week.
yeah
so ive heard

but getting hit is part of the game
i mean u urself once got hit i think with 60k and ur still here
actually i believe u nailed it with ur long on friday i hope u closed it and made back more than 60k.

all the best bro
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,598
  • May 19, 2008 8:05am May 19, 2008 8:05am
Man, it's not just the forum... Cable is kinda lifeless this morning.

Quoting salah k.
yeah
so ive heard

but getting hit is part of the game
i mean u urself once got hit i think with 60k and ur still here
actually i believe u nailed it with ur long on friday i hope u closed it and made back more than 60k.

all the best bro
{Promotion Removed}
  • #66,599
  • May 19, 2008 8:33am May 19, 2008 8:33am
Quoting salah k.
yeah
so ive heard

but getting hit is part of the game
i mean u urself once got hit i think with 60k and ur still here
actually i believe u nailed it with ur long on friday i hope u closed it and made back more than 60k.

all the best bro
yep i sure did, made that back and then sum, like you say it's part of the game, you win someand lose some.
If I Go Broke Trying Then I Will die happy.
  • #66,600
  • May 19, 2008 9:08am May 19, 2008 9:08am
Quoting tomaz55
took some time, but finally closed long at 9590 for +200 pips.

now SHORT 9587
put stop at 9540 locking in +47

tp 9440
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