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Cable Update (GBPUSD)

  • #69,201
  • Jun 5, 2008 5:25am Jun 5, 2008 5:25am
Quoting gmohata
look at what happened to NZD today - the bank left rates unchanged and yet NZD/USD fell almost 200 pips - thats the mood in the market now - most central banks were waiting for 6 months for this day to come - i.e. fed talking about the dollar value - it happened 2 days back - so i expect all other central banks to help the fed here and help themselves in the process. I dont believe they will do or say anything which is going to go dollar negative at this stage

my 2 cents only
that's why i always tell that news comes always after the technical.
the spark was that daily range, followed by that gap opening the market.

then all the news are for the USD Sake, and then Downtrend with no retracement, that is how it always used to be.
  • #69,202
  • Jun 5, 2008 5:27am Jun 5, 2008 5:27am
Quoting tarektm
that's why i always tell that news comes always after the technical.
the spark was that daily range, followed by that gap opening the market.

then all the news are for the USD Sake, and then Downtrend with no retracement, that is how it always used to be.

am not with you tarek in this , maybe we will see the bottom after 30 min
who know
  • #69,203
  • Jun 5, 2008 5:30am Jun 5, 2008 5:30am
Quoting tarektm
that's why i always tell that news comes always after the technical.
Exactly...

Central Bank offices check their forex chart. If there is a short setup, they cut rates. If there is a long setup, they raise rates...

Then they come with that "inflation, liquidity problems, crisis, blah blah blah" just to look smart for the cameras.
  • #69,204
  • Jun 5, 2008 5:35am Jun 5, 2008 5:35am
Quoting de123
i agree, when a tech see a drop he see a short oportunity,..and the fundies see nothing else then oportunity to go long,..the tech guys analize and talk too much if u ask me,..while the fundies,..are too bussy pressing buys...

actually if u read back u will c that fundies were calling shorts and techies were calling longs.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,205
  • Jun 5, 2008 5:36am Jun 5, 2008 5:36am
Quoting cesarnc
Exactly...

Central Bank offices check their forex chart. If there is a short setup, they cut rates. If there is a long setup, they raise rates...

Then they come with that "inflation, liquidity problems, crisis, blah blah blah" just to look smart for the cameras.
you're my Buddy now

well, after 4 years in Forex market, that's what i have Discovered.
if you use your charts correctly, you will see what will happened.
  • #69,206
  • Jun 5, 2008 5:37am Jun 5, 2008 5:37am
Quoting de123
i agree, when a tech see a drop he see a short oportunity,..and the fundies see nothing else then oportunity to go long,..the tech guys analize and talk too much if u ask me,..while the fundies,..are too bussy pressing buys...

i am seeing ppl analizing chart after chart, from dailly to weekly, to monthly,..even if there is nothing to confirm their story,..still they see, pinbars on monthly, weekly, dailly charts,...they dont see, or dont want to see a mf huge pullback...a continuation,...if previous low was 1.9366, the high was 1.9833 i think,..a low right now is 1.9466,...so they dont see a higher low,..no, thats too much to see....but they see a continuation to 1.80s,...lets see who is right!!


that is the use of stop loss.... more than 50 pips profit and risk around 20 pips isnt it a worth trying ?
Verily, in every difficulties there is relief
  • #69,207
  • Jun 5, 2008 5:40am Jun 5, 2008 5:40am
Quoting salah k.
actually if u read back u will c that fundies were calling shorts and techies were calling longs.
yes true.

but i was calling for long yesterday not today

my charts are telling a different story now.
  • #69,208
  • Jun 5, 2008 5:43am Jun 5, 2008 5:43am
Quoting tarektm
yes true.

but i was calling for long yesterday not today

my charts are telling a different story now.
the only reason ur charts are telling a different story is because halifax was very very weak.
check the timing on ur charts and u'll see what i mean
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,209
  • Jun 5, 2008 5:45am Jun 5, 2008 5:45am
soory i was too hard (dont take it personaly),..but 1.80s number at cable usually piisses me off, ...if i am long...
its just money
  • #69,210
  • Jun 5, 2008 5:46am Jun 5, 2008 5:46am
tarek khayye
im not hear to argue with u

im just telling u that long be4 charts were seen by us currencies rose and fell due to economic standings of their relative countries.

keep that in mind and then u will see my picture
i do not ignore technicals
i spent a lot of time analyzing charts but my trigger is always the news about the economy...
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,211
  • Jun 5, 2008 5:49am Jun 5, 2008 5:49am
Quoting salah k.
tarek khayye
im not hear to argue with u

im just telling u that long be4 charts were seen by us currencies rose and fell due to economic standings of their relative countries.

keep that in mind and then u will see my picture
i do not ignore technicals
i spent a lot of time analyzing charts but my trigger is always the news about the economy...
i know you have see it before i do, but i should see that also, it's my mistake i didn't see that would happened Not the Charts

anyway, we both see the whole picture now i was mistaken ( Better late than Never ) i didn't see it yesterday, but i have checked where i have gone wrong, i was greedy...

and Nice to meet you.
  • #69,212
  • Jun 5, 2008 5:51am Jun 5, 2008 5:51am
Quoting tarektm
i know you have see it before i do, but i should see that also, it's my mistake i didn't see that would happened Not the Charts

anyway, we both see the whole picture now i was mistaken ( Better late than Never ) i didn't see it yesterday, but i have checked where i have gone wrong, i was greedy...

and Nice to meet you.

wala yhimmak
salam
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,213
  • Jun 5, 2008 5:54am Jun 5, 2008 5:54am
Quoting de123
i agree, when a tech see a drop he see a short oportunity,..and the fundies see nothing else then oportunity to go long,..the tech guys analize and talk too much if u ask me,..while the fundies,..are too bussy pressing buys...

i am seeing ppl analizing chart after chart, from dailly to weekly, to monthly,..even if there is nothing to confirm their story,..still they see, pinbars on monthly, weekly, dailly charts,...they dont see, or dont want to see a mf huge pullback...a continuation,...if previous low was 1.9366, the high was 1.9833 i think,..a low right now is 1.9466,...so they dont see a higher low,..no, thats too much to see....but they see a continuation to 1.80s,...lets see who is right!!

LOL

you guys return to this discussion again

it already opened and closed many times in this thread and in others too

I hope Seekinglight isnt watching !!
  • #69,214
  • Jun 5, 2008 6:03am Jun 5, 2008 6:03am
Quoting benssol
LOL

you guys return to this discussion again

it already opened and closed many times in this thread and in others too

I hope Seekinglight isnt watching !!


actually i just give my entry and they started to oppossed
Verily, in every difficulties there is relief
  • #69,215
  • Jun 5, 2008 6:07am Jun 5, 2008 6:07am
strong support at 9450
it held at 19th of may
if broken we might see 9360

however the main support remains 9360 if it fails to break it that would be the 4th time
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,216
  • Jun 5, 2008 6:10am Jun 5, 2008 6:10am
Quoting salah k.
strong support at 9450
it held at 19th of may
if broken we might see 9360

however the main support remains 9360 if it fails to break it that would be the 4th time

im so happy that i agree with u now
Verily, in every difficulties there is relief
  • #69,217
  • Jun 5, 2008 6:10am Jun 5, 2008 6:10am
if it does hold the 19466, its officially a bottom with a target above 19666....dont forget that...remember that moe and other shorters will lock profit, if not already then above the 19500...that should be enough for the bullish setup,..which many wait...long cable long...
its just money
  • #69,218
  • Jun 5, 2008 6:15am Jun 5, 2008 6:15am
Quoting de123
if it does hold the 19466, its officially a bottom with a target above 19666....dont forget that...remember that moe and other shorters will lock profit, if not already then above the 19500...that should be enough for the bullish setup,..which many wait...long cable long...

technicals showing that cable is way oversold and in need for at least a correction if not a whole change in trend so
i am looking for a place to go long so im praying for bad US data
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #69,219
  • Jun 5, 2008 6:22am Jun 5, 2008 6:22am
then talk bulish...for other to lock profit, and reverse positions,...and lets pray together!
its just money
  • #69,220
  • Jun 5, 2008 6:23am Jun 5, 2008 6:23am
Quoting de123
if it does hold the 19466, its officially a bottom with a target above 19666....dont forget that...remember that moe and other shorters will lock profit, if not already then above the 19500...that should be enough for the bullish setup,..which many wait...long cable long...
ah ha ......... i better lock my profit then...........
I Deeply Love My Virtual Life In Virtual World , RLC
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