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Cable Update (GBPUSD)

  • #80,461
  • Aug 7, 2008 2:01am Aug 7, 2008 2:01am
Quoting warta
good morning guys alot of support at this area we may go south to 400 area if we cant break the 520 take care for whos long
happy trade
I also have the 520 area as resistance from yesterdays low - but first cable needs to break and hold above its DP at 510. With € above its DP and swissy below its DP, this may happen.

There is also talk that Trichet is becoming more hawkish following the 5% wage rises in Germany - this should support the euro....

Lets see what the Brits do after LO
  • #80,462
  • Aug 7, 2008 2:05am Aug 7, 2008 2:05am
Quoting Jono
I also have the 520 area as resistance from yesterdays low - but first cable needs to break and hold above its DP at 510. With € above its DP and swissy below its DP, this may happen.

There is also talk that Trichet is becoming more hawkish following the 5% wage rises in Germany - this should support the euro....

Lets see what the Brits do after LO

big boys didn't take the decision yet to start take there profit lol so i think we will point down to the 400 area witch is good to buy deeper am still out waiting the best entry or @ 400 area or if we close above the 520 area
good luck all , we still in the short game dont ride any move there is alot waiting us today
  • #80,463
  • Aug 7, 2008 2:12am Aug 7, 2008 2:12am
Quoting warta
big boys didn't take the decision yet to start take there profit lol so i think we will point down to the 400 area witch is good to buy deeper am still out waiting the best entry or @ 400 area or if we close above the 520 area
good luck all , we still in the short game dont ride any move there is alot waiting us today

Do you think i was silly to try and gfab a few pips on the way down from here?? i whent short @ 9498
Keep It Simple Stupid
  • #80,464
  • Aug 7, 2008 2:16am Aug 7, 2008 2:16am
Quoting Alastair
Do you think i was silly to try and gfab a few pips on the way down from here?? i whent short @ 9498
well i think if we cant break this area @ 520 we will point down again but not for a long time as we r on the bottom , but we have to think about the 370 area aswell if we brake then 1.8xxx will be easy target for the next weeks
am not gona take any entry untill the news pop out
the strong R of the last day now become a strong support so lets see how it will work
am still out waiting the best entry
good luck with ur short
  • #80,465
  • Aug 7, 2008 2:16am Aug 7, 2008 2:16am
Hi guys .I am new in this post but let's make it up.UP UP go go go go
  • #80,466
  • Aug 7, 2008 2:19am Aug 7, 2008 2:19am
Thanx for your input!
Keep It Simple Stupid
  • #80,467
  • Aug 7, 2008 2:19am Aug 7, 2008 2:19am
Quoting "expert"
Hi guys .I am new in this post but let's make it up.UP UP go go go go

wb bro between ur brothers and friends
we cant take the decision to make it up as we r small traders and just a followers here
but aswell i prefer to go more deeper to have better price
hope so
  • #80,468
  • Aug 7, 2008 2:23am Aug 7, 2008 2:23am
Quoting warta
well i think if we cant break this area @ 520 we will point down again but not for a long time as we r on the bottom , but we have to think about the 370 area aswell if we brake then 1.8xxx will be easy target for the next weeks
am not gona take any entry untill the news pop out
the strong R of the last day now become a strong support so lets see how it will work
am still out waiting the best entry
good luck with ur short
yes it may crash, but so far we are still in the range of the last few months, we reaching the bottom of the range and I BUY

I have been milking this range for months now, short at the top, buy at the bottom.
  • #80,469
  • Aug 7, 2008 2:26am Aug 7, 2008 2:26am
Quoting pr0spero
yes it may crash, but so far we are still in the range of the last few months, we reaching the bottom of the range and I BUY

I have been milking this range for months now, short at the top, buy at the bottom.

thats gr8 bro but once we can buy at a better price so why not
am sure its right decision if u can hold some 100 of pips if we fall again but no doubt that we r on the bottom except if we brak 370 area then cable will go clean the toilet
  • #80,470
  • Aug 7, 2008 2:28am Aug 7, 2008 2:28am
i got a feeling 1.9400 might be the place..looks like 1.9520 is tough as hell
  • #80,471
  • Aug 7, 2008 2:29am Aug 7, 2008 2:29am
47 guests come one guys register and join us what the hell r u doing out
u r all welcome here .. lets share
  • #80,472
  • Aug 7, 2008 2:30am Aug 7, 2008 2:30am
Quoting nAVIN2007
i got a feeling 1.9400 might be the place..looks like 1.9520 is tough as hell

yep navin u r right we failed to break the R/S @ 520 th bear camp still strong
  • #80,473
  • Aug 7, 2008 2:32am Aug 7, 2008 2:32am
the news in 30 may be the trigger for the up move
  • #80,474
  • Aug 7, 2008 2:34am Aug 7, 2008 2:34am
Quoting Clouds
the news in 30 may be the trigger for the up move
hey clouds hows u bud
am not sure man but everything is possible
  • #80,475
  • Aug 7, 2008 2:35am Aug 7, 2008 2:35am
Quoting nAVIN2007
i got a feeling 1.9400 might be the place..looks like 1.9520 is tough as hell
May i ask probably a really stupid question. How do you guys get 1.9520 as a resistance level. which chart you looking at?
Keep It Simple Stupid
  • #80,476
  • Aug 7, 2008 2:37am Aug 7, 2008 2:37am
Quoting Alastair
May i ask probably a really stupid question. How do you guys get 1.9520 as a resistance level. which chart you looking at?
look at yesterday in any chart and see how many time the price tried to break this level and failed before and not only yesterday but 2 days ago

  • #80,477
  • Aug 7, 2008 2:38am Aug 7, 2008 2:38am
this is the chart of yesterday and the day before bro
check out

Attached Image (click to enlarge)
Click to Enlarge Name: ch1.gif Size: 18 KB
  • #80,478
  • Aug 7, 2008 2:42am Aug 7, 2008 2:42am
Quoting warta
hey clouds hows u bud
am not sure man but everything is possible
im good thanks. seems the dollar is losing some ground with quite a few pairs, gu is lagging
  • #80,479
  • Aug 7, 2008 2:43am Aug 7, 2008 2:43am
Quoting warta
yep navin u r right we failed to break the R/S @ 520 th bear camp still strong
probably need news..
  • #80,480
  • Aug 7, 2008 2:44am Aug 7, 2008 2:44am
ok, Sweet! thanx.
Keep It Simple Stupid
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