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Cable Update (GBPUSD)

  • #80,481
  • Aug 7, 2008 2:44am Aug 7, 2008 2:44am
Quoting Clouds
im good thanks. seems the dollar is losing some ground with quite a few pairs, gu is lagging
nice to hear bro
oh yeah we still have a problem with the U.S eco
  • #80,482
  • Aug 7, 2008 2:44am Aug 7, 2008 2:44am
Quoting warta
yep navin u r right we failed to break the R/S @ 520 th bear camp still strong
Dont worry guys,, she will go up like hell soon,,, she fall in very slow and will go up fast

UP, UP , UP , UP , UP
  • #80,483
  • Aug 7, 2008 2:46am Aug 7, 2008 2:46am
Quoting nAVIN2007
probably need news..
the news can take us lower bro and if u review the cable history , when we have important Gbp and U.S news in the same day , the decision can be taken at the end but no body know

we r waiting
  • #80,484
  • Aug 7, 2008 2:47am Aug 7, 2008 2:47am
looks like everybody's buying gu...heheheh me too
  • #80,485
  • Aug 7, 2008 2:50am Aug 7, 2008 2:50am
Quoting mrmunir
looks like everybody's buying gu...heheheh me too
am not but i will if we break the S level
  • #80,486
  • Aug 7, 2008 2:50am Aug 7, 2008 2:50am
hi all cable traders.... hopefully today GU will go up.... i'm long at 19470..... can i ask something? if GU breaks ress 19520... where is my best target....? Could it back up to 1.99xx level (MY HOPE....)
  • #80,487
  • Aug 7, 2008 2:51am Aug 7, 2008 2:51am
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?

no question is stupid..
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  • #80,488
  • Aug 7, 2008 2:52am Aug 7, 2008 2:52am
Quoting okinuriko
hi all cable traders.... hopefully today GU will go up.... i'm long at 19470..... can i ask something? if GU breaks ress 19520... where is my best target....? Could it back up to 1.99xx level (MY HOPE....)
sooner or later 2.xxxx is the medium term target
  • #80,489
  • Aug 7, 2008 2:55am Aug 7, 2008 2:55am
Quoting warta
the news can take us lower bro and if u review the cable history , when we have important Gbp and U.S news in the same day , the decision can be taken at the end but no body know

we r waiting
this is the problem .....for sure ..
  • #80,490
  • Aug 7, 2008 2:55am Aug 7, 2008 2:55am
Yeah, Thanx for all your help guys!
Keep It Simple Stupid
  • #80,491
  • Aug 7, 2008 2:56am Aug 7, 2008 2:56am
Quoting warta
sooner or later 2.xxxx is the medium term target

wow....... 2.xxxx hip hip hurray......!!!
for daily target i look at around 1.956x...
what u guys think??
  • #80,492
  • Aug 7, 2008 3:00am Aug 7, 2008 3:00am
Long only from now as I see us news not supporting any more & GU to test the top of the down channel to level 1.9783 ,now at the very bottom of the newly formed down channel 1.9500 (lowest1.9464) ( if no further down forming any new.)


http://www.gogetin.info/gbpusd78.gif
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #80,493
  • Aug 7, 2008 3:02am Aug 7, 2008 3:02am
Quoting okinuriko
wow....... 2.xxxx hip hip hurray......!!!
for daily target i look at around 1.956x...
what u guys think??

hahaha halifax just pop out and like nothing happen
hahahah this is the Cable
  • #80,494
  • Aug 7, 2008 3:07am Aug 7, 2008 3:07am
Quoting warta
hahaha halifax just pop out and like nothing happen
hahahah this is the Cable
though negative still something happening slowly , can't go fast with ugly face !
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #80,495
  • Aug 7, 2008 3:08am Aug 7, 2008 3:08am
Quoting fontu
though negative still something happening slowly , can't go fast with ugly face !

hehehe yeah i hate news
  • #80,496
  • Aug 7, 2008 3:10am Aug 7, 2008 3:10am
This year's low was 1.9326 on January 22. Since then there have been 3 higher lows - Feb 20 at 9357, May 14 at 9364 and June 13 at 9408.

Yesterday's low was 9468 at 11:40 EDT which was retested four hours later.

Since then there have been 2 higher lows - 9473 at 00:15 and 9484 at 3:30 EDT - BUT so far GU has been unable to break and hold above its DP at 9510, whislt EU has been holding above its DP since FO and likewise USDCHF under its DP.

Now the Halifax data is out -1.7% vs -1.5% will this be the trigger for the start of a large rally - TWT, but I think we'll have to wait until after the BOE and ECB announcements and statements before seeing any sustained move - either way - until then I'm happy with 20 pip scalps....http://www.forexfactory.com/images/icons/icon12.gif
  • #80,497
  • Aug 7, 2008 3:10am Aug 7, 2008 3:10am
crtical level now: 485 - if broken then i think heading down to atleast 435
  • #80,498
  • Aug 7, 2008 3:13am Aug 7, 2008 3:13am
just close my long at 511...
any good level for another long guys...???
my view is around 48x....
  • #80,499
  • Aug 7, 2008 3:15am Aug 7, 2008 3:15am
Quoting mr.m
crtical level now: 485 - if broken then i think heading down to atleast 435

at this point ! trade is open on both side

u r right bro
  • #80,500
  • Aug 7, 2008 3:16am Aug 7, 2008 3:16am
Quoting okinuriko
just close my long at 511...
any good level for another long guys...???
my view is around 48x....

no one can help bro , but u have to follow the price action
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