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Cable Update (GBPUSD)

  • #75,261
  • Jul 9, 2008 12:59pm Jul 9, 2008 12:59pm
I'm short too, 1.9812.......
  • #75,262
  • Jul 9, 2008 1:05pm Jul 9, 2008 1:05pm
Attachment
Quoting nAVIN2007
it will guys weekly is bearish going to likely close by 1.9650 ish area...

i think my curse is over i learnt better make good entery to cut the pain
will you have the same view if the week closes like this..
Attached Image (click to enlarge)
Click to Enlarge Name: weegu.GIF Size: 13 KB
Patience + Discipline - Greed = Success
  • #75,263
  • Jul 9, 2008 1:06pm Jul 9, 2008 1:06pm
doris consultation :


good morning to all traders:

GBP 09/7 5:42am current price is run at 1.9689,then it seem the price will decline to 1.9667--1.9675 at early morning,then it will goes up to 1.9689--1.9705 at 8:45--10:25am,then it will congest within the range 1.9675--1.9700 at 10:45--12:45pm,then it will goes up to 1.9715--1.9745 at the noon time,then it will decline to 1.9605--1.9625 at 2:35--6:25pm,then we estimate the price will goes up tp 1.9745--1.9765 at 6:30--10:25pm.

lets hope


she missed the bit where we at 1.98...
  • #75,264
  • Jul 9, 2008 1:15pm Jul 9, 2008 1:15pm
Quoting Cdawg
I'm short too, 1.9812.......
ouch that number .... yeah that number is the one that make me still in the game all this year................. just kidding.............
I Deeply Love My Virtual Life In Virtual World , RLC
  • #75,265
  • Jul 9, 2008 1:18pm Jul 9, 2008 1:18pm
Quoting Infinity
Attachment
will you have the same view if the week closes like this..
then it will be bullish but i cant see that happening..

this move up to 2.00 area is a correction of the downtrend which happened to stall and reverse at 61.8 ...suggesting 1.91 is a possible long term target

im setting up my shorts...to go toward this as i believe 1.9600 will be seen b4 2.04 or whatever ....if nonfarm was any indication we should be already half way there
  • #75,266
  • Jul 9, 2008 1:26pm Jul 9, 2008 1:26pm
Hello and good evening to everybody. Today was finally good trading day, only 8 trades that I made and 6 of them in +, two was on 0. Now I am short here, hope mrs. Cable give me some good pips before I will go to bed
-- There's no winner without lose --
  • #75,267
  • Jul 9, 2008 1:26pm Jul 9, 2008 1:26pm
Quoting nAVIN2007
then it will be bullish but i cant see that happening..

this move up to 2.00 area is a correction of the downtrend which happened to stall and reverse at 61.8 ...suggesting 1.91 is a possible long term target

im setting up my shorts...to go toward this as i believe 1.9600 will be seen b4 2.04 or whatever ....if nonfarm was any indication we should be already half way there
I disagree ......but trade what you see...

NB.If you wish, you can look at a naked day chart and plot standard stochastics...
Patience + Discipline - Greed = Success
  • #75,268
  • Jul 9, 2008 1:28pm Jul 9, 2008 1:28pm
Well wouldn't you know. As soon as I shut off my computer this thing wants to act right and break the range. Congrats to everyone who was long.
Don't Get Bitter, Get Better
  • #75,269
  • Jul 9, 2008 1:36pm Jul 9, 2008 1:36pm
as soon as there a good news from iran then cable will fall maybe ........, before that will see some push to up maybe.... but iam short anyway (not maybe)
I Deeply Love My Virtual Life In Virtual World , RLC
  • #75,270
  • Jul 9, 2008 1:39pm Jul 9, 2008 1:39pm
Quoting Infinity
I disagree ......but trade what you see...

NB.If you wish, you can look at a naked day chart and plot standard stochastics...
stochastic only good for one thing. seeing diverence

only time will tell my friend
  • #75,271
  • Jul 9, 2008 1:44pm Jul 9, 2008 1:44pm
Im gone again. Ill see you guys in the a.m.
Don't Get Bitter, Get Better
  • #75,272
  • Jul 9, 2008 1:44pm Jul 9, 2008 1:44pm
Quoting notme32
as soon as there a good news from iran then cable will fall maybe ........, before that will see some push to up maybe.... but iam short anyway (not maybe)
ummm, what good news do you expect from Iran????

  • #75,273
  • Jul 9, 2008 1:45pm Jul 9, 2008 1:45pm
Quoting nAVIN2007
stochastic only good for one thing. seeing diverence

only time will tell my friend
Yes..... but when there is other confirmation, it is even more significant.

Higher lows and higher highs
Bounce off broken TL
Bullish engulfing day candle

As you said time will tell. Hopefully we can both get some green pips...
Patience + Discipline - Greed = Success
  • #75,274
  • Jul 9, 2008 1:47pm Jul 9, 2008 1:47pm
Quoting Infinity
Yes..... but when there is other confirmation, it is even more significant.

Higher lows and higher highs
Bounce off broken TL
Bullish engulfing day candle

As you said time will tell. Hopefully we can both get some green pips...

Good call!!!, the signs are everywhere for a good run up now. I wouldn't be short, but rather buy on a dip. You didn't even use one indicator for this, VERY NICE!!!

  • #75,275
  • Jul 9, 2008 1:50pm Jul 9, 2008 1:50pm
Quoting forexmoments
Lol, I'm short since market opening on Sunday. This better go down!
It will go down, but not before it goes up!!!..........you know like Newton said......
  • #75,276
  • Jul 9, 2008 1:51pm Jul 9, 2008 1:51pm
Quoting AmeriTrini
Good call!!!, the signs are everywhere for a good run up now. I wouldn't be short, but rather buy on a dip. You didn't even use one indicator for this, VERY NICE!!!

Thanks...

I like to keep things simple. I am waiting on a dip to reenter long right now.....

probably wont get it until interest is paid though...
Patience + Discipline - Greed = Success
  • #75,277
  • Jul 9, 2008 1:53pm Jul 9, 2008 1:53pm
Quoting Infinity
Yes..... but when there is other confirmation, it is even more significant.

Higher lows and higher highs
Bounce off broken TL
Bullish engulfing day candle

As you said time will tell. Hopefully we can both get some green pips...
have a look at this ..
would u say this chart is bullish or bearish ....to me it suggest bullish more likely, but its definately possible it can go down as well ...so dollar strength is difficult to gauge
Attached Image (click to enlarge)
Click to Enlarge Name: picturebmp.JPG Size: 135 KB
  • #75,278
  • Jul 9, 2008 2:05pm Jul 9, 2008 2:05pm
I hate this time...almost every day, price is just standing without any action.
-- There's no winner without lose --
  • #75,279
  • Jul 9, 2008 2:13pm Jul 9, 2008 2:13pm
Quoting nAVIN2007
have a look at this ..
would u say this chart is bullish or bearish ....to me it suggest bullish more likely, but its definately possible it can go down as well ...so dollar strength is difficult to gauge
I don't trade this pair but looking at the chart, I see that it has been making lower highs and lower lows in a downward channel. It could go to the top of the channel based on yesterday's candle but if the today closes like this, it may go down..

Hope this helps but remember, I don't normally trade this pair.
Attached Image (click to enlarge)
Click to Enlarge Name: chf.GIF Size: 20 KB
Patience + Discipline - Greed = Success
  • #75,280
  • Jul 9, 2008 2:21pm Jul 9, 2008 2:21pm
Quoting Infinity
I don't trade this pair but looking at the chart, I see that it has been making lower highs and lower lows in a downward channel. It could go to the top of the channel based on yesterday's candle but if the today closes like this, it may go down..

Hope this helps but remember, I don't normally trade this pair.
good analysis !
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