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Cable Update (GBPUSD)

  • #66,801
  • May 20, 2008 4:15pm May 20, 2008 4:15pm
Quoting Bones
Yea Warta got a pin bar on daily, too .
Linear line mentioned above is under attach ,lol
Attached just one possiblity.
Hey bro, your chart are getting better!!!
Nice and clean and more easier to understand. Also good lines in your analysis.
  • #66,802
  • May 20, 2008 4:16pm May 20, 2008 4:16pm
Your right Salah the trade balance is going to be better too.


Quoting salah k.
there is one more very important reason which is their debt value to other countries is actually less.
trade balance is getting better and better

u c in a normal environment where the world wasnt facing high oil and food prices this mechanism or policy would have gotten them out of their problems
but the fact that inflation is soaring is really screwing up their plans and private agendas

i believe later this year we will witness a very strong and swift hike for dollar to fight the ongoing inflation or else the people wont back down and they will give the FED a piece of their mind.

but yes bones u are right they are tampering with the numbers to be able to act freely with interest rates

it will be interesting to see what the following months will hold for the USA
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #66,803
  • May 20, 2008 4:26pm May 20, 2008 4:26pm
Hey thanks Magdiel , ive still got a loooong way to catch you up my friend but recently I have spent a lot of time studying to try to improve my knowledge generally on Forex and J16 so im glad you noticed.
I do know ive got a way to go though so I just keep reading,just keep reading....

Quoting Carrera
Hey bro, your chart are getting better!!!
Nice and clean and more easier to understand. Also good lines in your analysis.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #66,804
  • May 20, 2008 4:29pm May 20, 2008 4:29pm
I was stopped out of my swing Short position today (at 9642) but technically this market still looks like toast, with todays rally a pullback (albeit a bl**dy big and annoying one).

If we get a close near 9552 in next couple of days I'm going back in short, looking at 9356 as target levels.
  • #66,805
  • May 20, 2008 4:32pm May 20, 2008 4:32pm
I have this feeling tha JPY is going to hit hard tonite with all the crosses.
  • #66,806
  • May 20, 2008 4:35pm May 20, 2008 4:35pm
Quoting Carrera
I have this feeling tha JPY is going to hit hard tonite with all the crosses.
Please EXPAND!!!!
  • #66,807
  • May 20, 2008 4:46pm May 20, 2008 4:46pm
Quoting Subdude
My prediction is - 12 hours from now will be nasty for those who got in @ 1.9720, as the MPC minutes are likely to confirm they simply put off another rate cut til next time.
What do you mean..., is a long at 1.9720 is a bad position to be in?
  • #66,808
  • May 20, 2008 4:54pm May 20, 2008 4:54pm
Quoting roxxy23
What do you mean..., is a long at 1.9720 is a bad position to be in?
If you bought that today, PERFECT top Congrat's next time hit the other button
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #66,809
  • May 20, 2008 4:56pm May 20, 2008 4:56pm
Quoting roxxy23
What do you mean..., is a long at 1.9720 is a bad position to be in?
Look at the ticker and charts.
  • #66,810
  • May 20, 2008 4:56pm May 20, 2008 4:56pm
Quoting roxxy23
What do you mean..., is a long at 1.9720 is a bad position to be in?
Its a bad position if the market falls..................
  • #66,811
  • May 20, 2008 5:02pm May 20, 2008 5:02pm
Quote
What do you mean..., is a long at 1.9720 is a bad position to be in?

I'd imagine you are probably stopped out by now, sorry mate
  • #66,812
  • May 20, 2008 5:41pm May 20, 2008 5:41pm
i didnt buy it..., i just dont agree because Cable is heading NORTH. I told u guys yesterday when it was at 1.9500 that it will be at 1.9650 by morning NY EST, and it did
  • #66,813
  • May 20, 2008 6:01pm May 20, 2008 6:01pm
Quoting roxxy23
i didnt buy it..., i just dont agree because Cable is heading NORTH. I told u guys yesterday when it was at 1.9500 that it will be at 1.9650 by morning NY EST, and it did
So Mr. Roxxy23: what will be your prediction about tonight London Session. Could it go up to 1.9800 or up to 1.9790 due to good inflation number and MPC minute could be same as expected (8-1 hold).....
  • #66,814
  • May 20, 2008 6:27pm May 20, 2008 6:27pm
Quoting roxxy23
i didnt buy it..., i just dont agree because Cable is heading NORTH. I told u guys yesterday when it was at 1.9500 that it will be at 1.9650 by morning NY EST, and it did
We should talk about possibilities here, we don't drive the market. We could study the chart and see the possibilities.
When you write "I told u guys yesterday when it was at 1.9500 that it will be at 1.9650 by morning NY EST, and it did" sounds funny unless you place contracts with pip value of 10,000,000 each, well now you talking.

Always we talk as possibilities because we don't move the market.

I'm not try to dis-respet you, just a frienly suggestion.
  • #66,815
  • May 20, 2008 7:11pm May 20, 2008 7:11pm
Quoting salah k.
i understood ur point but that 9740 line made it real tough for cable to maintain its bullish movement however if it brakes tomorrow then u were spot on bro.

Attached Image (click to enlarge)
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for a clear view in this case follow the fibs as usual
  • #66,816
  • May 20, 2008 7:21pm May 20, 2008 7:21pm
a classic bullish flag on my 15 min chart
its not a call but my simple view
Attached Image (click to enlarge)
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  • #66,817
  • May 20, 2008 7:52pm May 20, 2008 7:52pm
News plays are in effect, just wait 10mins ish after the news then jump on the direction the market is moving.

There is no way to predict the news and the reaction is often random to any given news anyway, MPC wise so give up.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #66,818
  • May 20, 2008 8:24pm May 20, 2008 8:24pm
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  • #66,819
  • May 20, 2008 9:14pm May 20, 2008 9:14pm
If I Go Broke Trying Then I Will die happy.
  • #66,820
  • May 20, 2008 10:05pm May 20, 2008 10:05pm
i been eating pips all this week and it's only tuesday, i love forex, so far a little over 500 pips this week
If I Go Broke Trying Then I Will die happy.
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