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Cable Update (GBPUSD)

  • #76,281
  • Jul 16, 2008 9:29am Jul 16, 2008 9:29am
Quoting AmeriTrini
what do your technicals tell you??
what happened?
  • #76,282
  • Jul 16, 2008 9:29am Jul 16, 2008 9:29am
to me its all speculation.....with the knowledge i have have currently (not a lot!.....) it seems to me conflicting technical analysis for both short and long...where we going im completely lost but cant help thinking to 1.98
  • #76,283
  • Jul 16, 2008 9:31am Jul 16, 2008 9:31am
interesting piece on cable landed on my desk
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Trading is 80% Emotional, 20% Technical
  • #76,284
  • Jul 16, 2008 9:35am Jul 16, 2008 9:35am
one year outlook from prominant analyst
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Trading is 80% Emotional, 20% Technical
  • #76,285
  • Jul 16, 2008 9:49am Jul 16, 2008 9:49am
Quoting fx local
interesting piece on cable landed on my desk
thx for sharing bro....it might be a hard pair to trade but its the only one i dare to trade .....very sad..
  • #76,286
  • Jul 16, 2008 9:55am Jul 16, 2008 9:55am
we r still playin in this area any breackout can open a nice swing


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  • #76,287
  • Jul 16, 2008 10:20am Jul 16, 2008 10:20am
Quoting fx local
one year outlook from prominant analyst

Heck fxlocal, what is a boy to do long term?

One block of super experts saying 2.11 or 2.15 and the other lot going 1.86 or 1.65

20% of what I have in GBP buys a lot of fish and chips.. I tried to buy fish and chips in a 'British fish and chip' shop in Washington - they had never heard of dripping or beef fat and served triangles of frozen goldfishy looking off-white mush which was fried in corn oil ! Nearly honked my gut. Yuk yuk yuk. No mushy peas or unmalted vinegar or bread and butter either. It was about as British as a July 4th parade

Think I will buy dollars gradually as it goes over 2.04
  • #76,288
  • Jul 16, 2008 10:22am Jul 16, 2008 10:22am
on my 15 min chart


look nice if we break out

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  • #76,289
  • Edited 10:37am Jul 16, 2008 10:25am | Edited 10:37am
Quoting fx local
interesting piece on cable landed on my desk
Hello fx local,
thanks for sharing it. It's from Nicole Elliot : --->

http://www.mizuho-cb.co.uk/TresInter...X_-_Europe.htm

She is forecasting many other currency pairs and I've been watching it for about two years or so.

My experience with this forecasts (like so many others) is very mixed and very often completely wrong or at best 50:50 ( so you can flip a coin with similar results).
But check her for a while and collect your personal experiences with it.

btw: she has written also a book about Ichimoku Charts / Ichimoku Kinko Clouds

---> http://www.harriman-house.com/pages/...BookCode=22962

But check her for a while and collect your personal experiences with it.
I am/I was not convinced after two years with various currency pairs and the forecasts
and stopped it a few months ago.
  • #76,290
  • Jul 16, 2008 10:43am Jul 16, 2008 10:43am
Quoting Rainer
Hello fx local,

I am/I was not convinced after two years with various currency pairs and the forecasts and stopped it a few months ago.
My head hurts trying to figure what this means...

Is the 'I am' superfluous?
  • #76,291
  • Jul 16, 2008 10:59am Jul 16, 2008 10:59am
Quoting Rainer
Hello fx local,
thanks for sharing it. It's from Nicole Elliot : --->

http://www.mizuho-cb.co.uk/TresInter...X_-_Europe.htm

She is forecasting many other currency pairs and I've been watching it for about two years or so.

My experience with this forecasts (like so many others) is very mixed and very often completely wrong or at best 50:50 ( so you can flip a coin with similar results).
But check her for a while and collect your personal experiences with it.

btw: she has written also a book about Ichimoku Charts / Ichimoku Kinko Clouds

---> http://www.harriman-house.com/pages/...BookCode=22962

But check her for a while and collect your personal experiences with it.
I am/I was not convinced after two years with various currency pairs and the forecasts
and stopped it a few months ago.
I think she is quite good to be honest, its just something to look at dont really use it as apart of my trading plan but good to note what the so called experts think now and then. The good thing about her is that she is honest in her forecast, ie she doesnt just talk her "trading account" like alot of so called analysts do!! well u hear the talking heads all the time on cnbc and bloomberg, boring the life out of you!!

long term difficult, what did Greenspan say about forecasting fx rates, soemthing to do with coin toss?!

i just go with the flow and drop my opinion if it losing me money!
Trading is 80% Emotional, 20% Technical
  • #76,292
  • Jul 16, 2008 11:01am Jul 16, 2008 11:01am
Quoting allserene
Heck fxlocal, what is a boy to do long term?

One block of super experts saying 2.11 or 2.15 and the other lot going 1.86 or 1.65

20% of what I have in GBP buys a lot of fish and chips.. I tried to buy fish and chips in a 'British fish and chip' shop in Washington - they had never heard of dripping or beef fat and served triangles of frozen goldfishy looking off-white mush which was fried in corn oil ! Nearly honked my gut. Yuk yuk yuk. No mushy peas or unmalted vinegar or bread and butter either. It was about as British as a July 4th parade

Think I will buy dollars gradually as it goes over 2.04
i concur!
Trading is 80% Emotional, 20% Technical
  • #76,293
  • Jul 16, 2008 11:11am Jul 16, 2008 11:11am
Quoting Infinity
Ob conditions need to be neutralized. I think the 200sma on the day chart will be good support as it has been solid resistance previously...
updated day chart though not closed. If we get a solid close below 200 sma, I think we may be heading down some more, otherwise I am still bullish.
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Patience + Discipline - Greed = Success
  • #76,294
  • Jul 16, 2008 11:40am Jul 16, 2008 11:40am
Quoting ch0c0b4d
mine says up too,,
Funny looking collection of indicators you got there in your bottom window.
  • #76,295
  • Jul 16, 2008 12:03pm Jul 16, 2008 12:03pm
Quoting Infinity
updated day chart though not closed. If we get a solid close below 200 sma, I think we may be heading down some more, otherwise I am still bullish.

u saying im still bullish means the bear is finally getting to u ...i sense the bullish strength is slightly weakening

just kidding bro ....light humor
  • #76,296
  • Jul 16, 2008 12:21pm Jul 16, 2008 12:21pm
Quoting nAVIN2007
u saying im still bullish means the bear is finally getting to u ...i sense the bullish strength is slightly weakening

just kidding bro ....light humor
I actually got some good short pips from the top which I closed at the 200 sma. I also took a long after closing the short right at the 200 sma and closed for 40 pips. I am considering to go long again for 2.0190 but I am waiting on the day close before opening another positon.
Patience + Discipline - Greed = Success
  • #76,297
  • Jul 16, 2008 12:30pm Jul 16, 2008 12:30pm
Quoting Infinity
I actually got some good short pips from the top which I closed at the 200 sma. I also took a long after closing the short right at the 200 sma and closed for 40 pips. I am considering to go long again for 2.0190 but I am waiting on the day close before opening another positon.

good job ..smashing the pips both both sides .
  • #76,298
  • Jul 16, 2008 12:50pm Jul 16, 2008 12:50pm
http://www.forexfactory.com/showthread.php?t=96315

Why Moe is banned
Trading is 80% Emotional, 20% Technical
  • #76,299
  • Jul 16, 2008 1:06pm Jul 16, 2008 1:06pm
Heck didn't know he/she was banned - I didn't see all the fantasist stuff. I used to work with a woman who was 30 minutes late from lunch break. She said she had been in a rollover car accident and had been cut out by firefighters and released from intensive care with mild concussion only.....she really believed it... she had eyes like marty feldman

Moe ? Never noticed him swearing or being offensive and we all fantasise about making millions don't we.

Anyway let's see if he/she is more level headed after the suspension

ok back to currencies and let's fulfill our fantasies and get some progress on the upswing to 2.04 if it comes

http://i123.photobucket.com/albums/o...ri_186080m.jpg
  • #76,300
  • Edited 3:23pm Jul 16, 2008 2:50pm | Edited 3:23pm
moe is very funny i thought and actually many times made me smile...its a pity he is banned, hopefully he shall return ...but i have to say ....the moderator really is on top of his game ....man u doesnt miss a thing!...
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