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Cable Update (GBPUSD)

  • #76,541
  • Jul 20, 2008 2:44pm Jul 20, 2008 2:44pm
Watching the price action I'm worried it could hit 2.00. I'm short at 1.9932. I'll be hedging soon to ride this short-term bullish move.
  • #76,542
  • Jul 20, 2008 2:46pm Jul 20, 2008 2:46pm
Quoting iiivb
IMHO,

despite this really nice spike for the ones who were still short on friday, i strongly consider the trend for the day on gbpusd changed to bullish ... of course a dip-buy strategy is very welcome atm and before LSE opening.

support areas are well placed stronger @ 1.99 having last defense @ 1.9850.

resistance is @ 2.075

any of u share this insight?

iiivb
Price is channeling down on 1hr. I see support @ ~ 9948. The UTL of accending 4hr channel has been touched, so basically im thinking that price wants to touch the LTL of same the 4hr accending channel, and if that happens the price to buy will be cheap enough.
  • #76,543
  • Jul 20, 2008 2:46pm Jul 20, 2008 2:46pm
Quoting iiivb
IMHO,

despite af this really nice spike for the ones who were still short on friday, i strongly consider the trend for the day on gbpusd changed to bullish ... of course a dip-buy strategy is very welcome atm and before LSE opening.

support areas are well placed stronger @ 1.99 having last defense @ 1.9850.

resistance is @ 2.0075

any of u share this insight?

iiivb
unless...

the BoE starts selling GBP to boost the dip sinking it to neutral! Let's remember the BoE is the only one interested atm to have a pound below 2.0000
  • #76,544
  • Jul 20, 2008 2:48pm Jul 20, 2008 2:48pm
we do have the rightmove house price index coming soon and will all the talk, by the chancellor, about recession and the uk government having to increase borrowing it looks gloomy for gbp.
  • #76,545
  • Jul 20, 2008 2:55pm Jul 20, 2008 2:55pm
Well not the open I was looking for ,lol

21:19 GBP/USD: Dovish Blanchflower Comments Push GBP Lower July 21. A series of dovish comments from renowned BOE ultra dove Blanchflower has pushed GBP/USD lower in thin trading conditions in early Sydney trade. GGBP/USD was trading around 1.9985 when the comments came out and it has traded as low 1.9934. Blanchflower said et al, he would like to see interest rates well below current levels and recent job losses are the tip of the iceberg. GBP/USD was last quoted at 1.9932/37. [email protected]
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #76,546
  • Jul 20, 2008 2:59pm Jul 20, 2008 2:59pm
Quoting Bones
Well not the open I was looking for ,lol

21:19 GBP/USD: Dovish Blanchflower Comments Push GBP Lower July 21. A series of dovish comments from renowned BOE ultra dove Blanchflower has pushed GBP/USD lower in thin trading conditions in early Sydney trade. GGBP/USD was trading around 1.9985 when the comments came out and it has traded as low 1.9934. Blanchflower said et al, he would like to see interest rates well below current levels and recent job losses are the tip of the iceberg. GBP/USD was last quoted at 1.9932/37. [email protected]
damn u Blanchflower! lol
  • #76,547
  • Jul 20, 2008 3:47pm Jul 20, 2008 3:47pm
Quoting Bones
Hey Salah not much fundi stuff this week.
Im am still long on cable my overall view comes from the monthly.
Heres my daily and 4 hr view.
hey hey my man
wats happening
we missed u in here bro

anyway word on the street is dollar buy back
i dont know for how long but it seems that politically it is adjusting with iran so that should cause oil to move lower and dollar higher

anyway i still dont know how long it will last probably not long but people are starting to talk about US rate hikes so this should be a great opportunities to short the market and buy dollar

again this could just be a load of cr*p
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #76,548
  • Jul 20, 2008 4:27pm Jul 20, 2008 4:27pm
My buy order is set to 9604 haha.. A fat Tiger waiting for that easy prey after last weeks kill; I'm prowling in the bushes. plundering, exploiting and taking easy targets.
USD Est Non Mortuus
  • #76,549
  • Jul 20, 2008 4:29pm Jul 20, 2008 4:29pm
Quoting LuckyLurker
My buy order is set to 9604 haha.. Fat Tiger in the bushes waiting for that easy prey after last weeks kill. I'm prawling in the bushes.
I like your style!
  • #76,550
  • Jul 20, 2008 4:36pm Jul 20, 2008 4:36pm
Quoting KissFan
I like your style!
damn you quoted me too fast! lol
USD Est Non Mortuus
  • #76,551
  • Edited 8:10pm Jul 20, 2008 8:00pm | Edited 8:10pm
Quoting uncletrumpet
How has been your trip, you are welcome back. I am thinking that the cable is bias for short this week that we are in what do you think?
sorry, the connection was down.
here is my values..
Note: the date in the table are wrong but the other values are correct
Attached Image
  • #76,552
  • Jul 20, 2008 9:30pm Jul 20, 2008 9:30pm
bonjour
When life gives you lemons, make lemonade
  • #76,553
  • Jul 20, 2008 10:29pm Jul 20, 2008 10:29pm
Hello Guys and Gurls.
Everybody seems to be favouring a short position this week. I have just opened a long at 1.9950.
And down it goes
Happy trading....
  • #76,554
  • Jul 20, 2008 10:41pm Jul 20, 2008 10:41pm
Inner trend line still holding.......for now~ so long or short?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 19 KB
  • #76,555
  • Jul 20, 2008 10:54pm Jul 20, 2008 10:54pm
Quoting Runway Trade
Inner trend line still holding.......for now~ so long or short?
Price still inside the descending channel on 1hr/4hr chart. A possible bullish flag. As I posted yesterday price might be going to the LTL of 4hr/dayly accending channel. Right now just trade in that "bullish flag" and dont rush it. Watch the LTL of this 1hr/4hr downtrend channel as price might bounce or break.
  • #76,556
  • Edited 11:17pm Jul 20, 2008 11:02pm | Edited 11:17pm
Well friends, its time again. Back to work filling up the Money Bin. Lets see what kind of movement we get today.
My drive through order, "I'll take 100 Pips, hold the ranging please."
Don't Get Bitter, Get Better
  • #76,557
  • Jul 20, 2008 11:24pm Jul 20, 2008 11:24pm
Quoting micho
bonjour
saba7o m3allem
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #76,558
  • Jul 20, 2008 11:29pm Jul 20, 2008 11:29pm
Morning salah k.
  • #76,559
  • Jul 20, 2008 11:53pm Jul 20, 2008 11:53pm
count that piggy bank change whenever u like. lol
  • #76,560
  • Jul 20, 2008 11:54pm Jul 20, 2008 11:54pm
Quoting salah k.
saba7o m3allem
kifak man??
fi mne2ich today?
When life gives you lemons, make lemonade
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