Daily Cable Analysis

god, I am commenting price movement as if it's a football match....Sorry though, this is my attitude, not only in forex, but in almost anything that I found interesting...

Damn, I just woke up and saw the wonderful news from GBP! Dang cable this sucker should be at 9800 by now!

lol

Because you were sleeping instead of praying for it to move down... God punished you for that...hehhe..JK!

it's war here

Yeah, those buyers don't want to give up their last defence..But we will fight them and take over their territory...

Good news? I'm only seeing bad news. The revs both bad and Manuf. 1% deviation isn't enough to move it upwards. I'm seeing this as an indication that everyone in Europe is waiting for the BOE meeting to make a move. Lets see what happens during NY (not much I suppose).

Donating plasma, pawning i pod...... more margin!!!!!

Looks like the pound is trying to recross into 9700.

So maybe it has gone as low as it will for now.

Ths puppy needs to tank! It can't make up it's mind!

Nope, the RSI touched the Oversold line (1 hour chart) just now, and it was unable to break 1.9690, it has to move up and gain enough momentum if it wants to cross 1.9690...

The oversolds may just unwind and the pound continue up from here.

Just because it touched the oversold line and has to go up doesn't mean it will come back down.

from here i think

Hello everyone,

As you can see, this is probably my second or third post, but believe me, I have read nearly 60% posts on this thread.

And I am writing this to make a humble request to all of you. It is certainly not meant to offend anyone.

And why should I insult anyone? I have been steadily following this thread... for it contains inputs from all kinds of traders: Short Term, Long Term, Swing, Scalping, Elliott Wave, etc. I have learnt quite a lot... suffice to say that the rate at which I was burning cash in my decent sized (second refill) account until last month, I would have been history by now.

THANKS TO ALL OF YOU (and to Monarch for starting this thread), for the variety of inputs, I have stabilized and started doing much better analysis... and will hopefully be doing great soon. Of course, this is not my only source of learning - I do extensive research otherwise as well. And, hopefully, I will soon be one of the contributors on this thread sharing analysis that makes a difference to some of you.

Coming to my point: I would like to request all to restrict your posts wherein you are making an effort to contribute analysis/strategies on your style for all to share. Dry analysis is soooo boring... and I am all for adding humour - some of your posts had me in a fit of laughing.

But guess what: If all of us started writing posts ONLY about whether I am laughing, crying, waking, eating or repeating my stops and targets at every market move WITHOUT additional analysis for all to share, then I bet all of you will give up on this superb thread very soon and it will be given the status of "another piece of trash" thread like so many others.

Hope nobody takes the above personally!

I agree 100% Pipseeker.......

well, we still have a long day to conclude anything, you might be right, but let us just have a sit with some popcorn and enjoy the show...

Well it does seem to be moving up although there are no triggers showing it.

In the past it had to break 9730 before it would continue up.

It will then have a mild resistance at 9750 and a strong resistance at 9790.

So will have to be patient as you say and wait.

Pass the butter.

I'm still with my opinion till now that the real resistance cable needs to break is that unique 1.9710-20 area of resistance (has been holding cable down since 2 weeks ago); some ppl are suspected to be responsible behind this, including Henrycarol.

Yes dammit henry carol let it drop jiji

We are stucked here for more than 10 hours