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Cable Update (GBPUSD)

  • #66,701
  • May 20, 2008 9:03am May 20, 2008 9:03am
gbpusd is up 208pips lo-hi so far today, well outside it's current 5 10 and 20day averages, Stochastics have been showing extreme o/b readings since the early 9600's (90+ reads) on the 1hr and below.

9690-700 area contains 3 x fibs 9690,93,94 with Dly R2 at 9691, 1% MA envelope at 9705
ex member
  • #66,702
  • May 20, 2008 9:14am May 20, 2008 9:14am
Quoting uncleforex
Best time to short g/u for 40pips down.

Cheers.
no thanks to that anyway!
Trading is 80% Emotional, 20% Technical
  • #66,703
  • May 20, 2008 9:15am May 20, 2008 9:15am
Quoting salah k.
and quite remarkably every single currency in the world along with commodities has been kicking dollar's ass for 7 years.

could it be Bush's administration or just mere coincidence

I won't hear a bad thing said about Bush, don't you know it's just not nice to make fun of retarded people!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #66,704
  • May 20, 2008 9:18am May 20, 2008 9:18am
Quoting spiritbreezer
Goodday

I'm selling cable at 690 for 50 pips.
good call i sold at 81 targeting 620 but it might go to 580 also every thing is possible
  • #66,705
  • May 20, 2008 9:28am May 20, 2008 9:28am
Comon baby, i know you can do it, comon, comon...
Attached Image (click to enlarge)
Click to Enlarge Name: Photo finish.png Size: 590 KB
  • #66,706
  • May 20, 2008 9:28am May 20, 2008 9:28am
Quoting msniper
good call i sold at 81 targeting 620 but it might go to 580 also every thing is possible
is it posible cable will reach 9700? my RSI begining to fall...
Keep Learning and you'll get what you want...
  • #66,707
  • May 20, 2008 9:34am May 20, 2008 9:34am
Quoting Carrera
Comon baby, i know you can do it, comon, comon...


very funny
Trading is 80% Emotional, 20% Technical
  • #66,708
  • May 20, 2008 9:35am May 20, 2008 9:35am
k, sold at 690 and target is 645
  • #66,709
  • May 20, 2008 9:36am May 20, 2008 9:36am
Quoting Carrera
Comon baby, i know you can do it, comon, comon...

or will it be:
Attached Image
ex member
  • #66,710
  • May 20, 2008 9:45am May 20, 2008 9:45am
around 212 the lo-hi pip range today so far, [Y/day 170]....so biggest daily range for a while, the averages are here:
Attached Image
ex member
  • #66,711
  • May 20, 2008 9:51am May 20, 2008 9:51am
Quoting bbmac
around 212 the lo-hi pip range today so far, [Y/day 170]....so biggest daily range for a while, the averages are here:
nice picture

how do u get these information ?
  • #66,712
  • May 20, 2008 10:08am May 20, 2008 10:08am
Cable really seems to be very well supported. It just refuses to come off today's highs.
Expected the unexpected
  • #66,713
  • May 20, 2008 10:10am May 20, 2008 10:10am
Quoting scyang
Cable really seems to be very well supported. It just refuses to come off today's highs.
its seems supported because of the Daw is going down which makes dollar more weak .
  • #66,714
  • May 20, 2008 10:25am May 20, 2008 10:25am
im thinking 9750 at least.We wiggled over the dark Trendline and the first falling one one the hour chart.
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #66,715
  • May 20, 2008 10:27am May 20, 2008 10:27am
Warren Buffet was on CNBC saying the dollar can only weaken if the current policies continue

that is - nothing has changed in US policy since cable was 1.72

If he is right (he is usually more right than me), then the weak trend of the last couple of years should resume and the last few months would just be a pause

The US isnt out of the woods and credit card debt etc will be the next hoo-har

I cannot get one of my US credit card companies to raise my credit limit of $500 (yes that's five hundred dollars not $500k) even though I have a perfect payment record every month for 6 months here in the US - these guys are scared !

The DOW thinks its safe to go back in the water, Cramer thinks its safe to go back in the water - I dont think this is over
  • #66,716
  • May 20, 2008 10:31am May 20, 2008 10:31am
Quoting Turveyd
I won't hear a bad thing said about Bush, don't you know it's just not nice to make fun of retarded people!!!
ur right man i should know better
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,717
  • May 20, 2008 10:31am May 20, 2008 10:31am
Quoting allserene
Warren Buffet was on CNBC saying the dollar can only weaken if the current policies continue

that is - nothing has changed in US policy since cable was 1.72

If he is right (he is usually more right than me), then the weak trend of the last couple of years should resume and the last few months would just be a pause

The US isnt out of the woods and credit card debt etc will be the next hoo-har

I cannot get one of my US credit card companies to raise my credit limit of $500 (yes that's five hundred dollars not $500k) even though I have a perfect payment record every month for 6 months here in the US - these guys are scared !

The DOW thinks its safe to go back in the water, Cramer thinks its safe to go back in the water - I dont think this is over
Cramer is the example of whats wrong with the US. The guy is a pure crook..
Trading is 80% Emotional, 20% Technical
  • #66,718
  • May 20, 2008 10:33am May 20, 2008 10:33am
Quoting allserene
The DOW thinks its safe to go back in the water, Cramer thinks its safe to go back in the water - I dont think this is over
well if cramer says its ok then i'll jump in head first.

come on watever cramer says do the opposite and u'll be on the right track.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,719
  • May 20, 2008 10:35am May 20, 2008 10:35am
Quoting allserene
Warren Buffet was on CNBC saying the dollar can only weaken if the current policies continue

that is - nothing has changed in US policy since cable was 1.72

If he is right (he is usually more right than me), then the weak trend of the last couple of years should resume and the last few months would just be a pause

The US isnt out of the woods and credit card debt etc will be the next hoo-har

I cannot get one of my US credit card companies to raise my credit limit of $500 (yes that's five hundred dollars not $500k) even though I have a perfect payment record every month for 6 months here in the US - these guys are scared !

The DOW thinks its safe to go back in the water, Cramer thinks its safe to go back in the water - I dont think this is over
Just a note that Warren Buffet was long on USD two years ago, just when it made a nose drive against all major currencies. He lost millions of dollars, along with Bill Gates, who was long USD with him. Of course they have enough money to lose several times over that. But my point is that Warren Buffet is not always right.
Expected the unexpected
  • #66,720
  • May 20, 2008 10:42am May 20, 2008 10:42am
Quoting scyang
Just a note that Warren Buffet was long on USD two years ago, just when it made a nose drive against all major currencies. He lost millions of dollars, along with Bill Gates, who was long USD with him. Of course they have enough money to lose several times over that. But my point is that Warren Buffet is not always right.
can u tell me what year was that exactly?
just to see wat possible motive they had to go long
"what doesn't bankrupt me, makes me stronger" modern nietzche
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