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Cable Update (GBPUSD)

  • #81,361
  • Aug 11, 2008 4:45am Aug 11, 2008 4:45am
Quoting bkg102665
Abuawad just wondering if you have any idea what the high could be for the week, just wondering about your opion and what your charts are telling you,
till now i can't see more than 1.9915 for this week that if cable manage to break the resistant on 1.9628 & 1.9805 on the long term this week.
but i can't garanty that i'm not a swing trader
  • #81,362
  • Aug 11, 2008 4:54am Aug 11, 2008 4:54am
Quoting Abuawad
till now i can't see more than 1.9915 for this week that if cable manage to break the resistant on 1.9628 & 1.9805 on the long term this week.
but i can't garanty that i'm not a swing trader
If this baby goes to 1.9805 this week I am buying a plane ticket and coming to shake your hand in person!!
Please ask questions and share your experiences with us all!
  • #81,363
  • Aug 11, 2008 4:54am Aug 11, 2008 4:54am
Quoting Abuawad
till now i can't see more than 1.9915 for this week that if cable manage to break the resistant on 1.9628 & 1.9805 on the long term this week.
but i can't garanty that i'm not a swing trader

1.99?

Did you check the uk ppi data today?looks like dollar all the way ,1.89 looks possible
  • #81,364
  • Aug 11, 2008 4:54am Aug 11, 2008 4:54am
Quoting asyed4
Thanks for your support, I didn't give up long; I still have one long for my standard account and 2 lots for my mini account. Now I have 1 short lot for my mini account and I am hedging two lots long (very old trades) and two lots short in my fxcm account....

Actually I had 6 longs and I get over with 3 longs and added 3 shorts because we never know; us session is opening up within 4 hours and $ is still bullish I think by London fix hours it might go under 1.92 level then from US close it will shoot up again as inflation number will be coming up green (hopefully) on Tuesday night......
inshala

i sure hope u right..
  • #81,365
  • Aug 11, 2008 5:01am Aug 11, 2008 5:01am
Quoting vivekn1
1.99?

Did you check the uk ppi data today?looks like dollar all the way ,1.89 looks possible
his question about the Max high not low. and this what i see on the chart. i didn't say it will go up, i say if it's breake the resistant it'll go there, and if not cable will dive deep. just try to read cearfully before posting any reply.
  • #81,366
  • Aug 11, 2008 5:03am Aug 11, 2008 5:03am
i see 1.9520 as a target then down....assuming it passes 1.94 then back dowm to test support to go higher..but it all guessing at this stage
  • #81,367
  • Aug 11, 2008 5:03am Aug 11, 2008 5:03am
Quoting vivekn1
1.99?

Did you check the uk ppi data today?looks like dollar all the way ,1.89 looks possible
FYI, i'm also see in my chart more than 1.8900 can you see 1.8660 and 1.8304 even more deep to 1.7967

try to zoom out your chart and you can see these values very clear
  • #81,368
  • Aug 11, 2008 5:06am Aug 11, 2008 5:06am
Quoting Abuawad
his question about the Max high not low. and this what i see on the chart. i didn't say it will go up, i say if it's breake the resistant it'll go there, and if not cable will dive deep. just try to read cearfully before posting any reply.
Please don't be angree Abuawad; actually right now everybody is confused looking for either short or long don't know because cable lost its identity

But you are right!! and I want to add one thing in your statement; if cable listen the technicals or charts then it could max high and if it didn't listen the charts or technicals then it will be in deep shix (excume me with this word).
  • #81,369
  • Aug 11, 2008 5:10am Aug 11, 2008 5:10am
Quoting asyed4
Please don't be angree Abuawad; actually right now everybody is confused looking for either short or long don't know because cable lost its identity

But you are right!! and I want to add one thing in your statement; if cable listen the technicals or charts then it could max high and if it didn't listen the charts or technicals then it will be in deep shix (excume me with this word).
thanks asyed, i'm not angree, but i'm only abset from some people who posting just to incress his post count that's it
make your post value or simply don't add it... everyone here looking for new information not just a post with 0 value information, or someone have other pointview?
  • #81,370
  • Aug 11, 2008 5:11am Aug 11, 2008 5:11am
long at 1.9212 , ahhhhh let's go, come on , come on
  • #81,371
  • Aug 11, 2008 5:12am Aug 11, 2008 5:12am
i see dead people
Attached Image
When life gives you lemons, make lemonade
  • #81,372
  • Aug 11, 2008 5:13am Aug 11, 2008 5:13am
Quoting Clouds
long at 1.9212 , ahhhhh let's go, come on , come on
i'm from 1.9141
  • #81,373
  • Aug 11, 2008 5:14am Aug 11, 2008 5:14am
Hidden divergence in the hourly oscillators at that 9255-66 previous minor 1hr swing lows, for a possible continuation of the downtrend,....that said intraday is looking generally bullish no doubt helped by $ weakness/oil strength in light of the w/e's events re russia/georgia and worries over the east-west non-russian oil supply. 9223-02 the likely 'RBS' zone intraday if the intraday up-trend recovery is to be continued. Below that and it begins to look bearish intraday too.
ex member
  • #81,374
  • Aug 11, 2008 5:19am Aug 11, 2008 5:19am
Here is my two cents;

I think so far the range is 1.9108-1.9258 and there is no US news coming out in US session so I would say it could be ranging trading until London Fix hour from 1.9160-1.9258 or until the close of US session (5:00 pm).

Any way guys I am going back to bed as it is right now 5:16 am central time and I was here since 2:50 am central time & I will Insha-Allah be back by 8:30 am central time....(Stock Exchange open time)......
  • #81,375
  • Aug 11, 2008 5:24am Aug 11, 2008 5:24am
Looks for promising for longs based on the week open.
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #81,376
  • Aug 11, 2008 5:26am Aug 11, 2008 5:26am
Quoting Abuawad
i'm from 1.9141
me 2!!! come on cable!
  • #81,377
  • Aug 11, 2008 5:32am Aug 11, 2008 5:32am
Quoting Bones
Looks for promising for longs based on the week open.

lets see what happens here guys
Attached Image (click to enlarge)
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  • #81,378
  • Aug 11, 2008 5:34am Aug 11, 2008 5:34am
The chart below shows the current situation, you can see the minor previous 1hr swing lows 9253-66 area (red) at which cable found resistance on the run up, (hidden div there in 1hr oscillators shown on further chart below) and the broken swing highs shown in yellow and white (intraday) 9223-02 area.

The hourly chart shows that cable made a HL and now a H above the last LH of the downtrend on this 1hr chart.
Attached Image (click to enlarge)
Click to Enlarge Name: ff1.gif Size: 20 KB
Attached Image
ex member
  • #81,379
  • Aug 11, 2008 5:47am Aug 11, 2008 5:47am
Quoting Abuawad
i'm from 1.9141

Hi, where is your tp?
  • #81,380
  • Aug 11, 2008 5:47am Aug 11, 2008 5:47am
Quoting asyed4
Please don't be angree Abuawad; actually right now everybody is confused looking for either short or long don't know because cable lost its identity

But you are right!! and I want to add one thing in your statement; if cable listen the technicals or charts then it could max high and if it didn't listen the charts or technicals then it will be in deep shix (excume me with this word).
Don't be confused. On the 08-08-2008 marked the start of new economic cycles as ordained by God. And GU responded by ending the old cycle and touched the lowest edge of its cycle this year and temporarily broke monthly fractal boundary (1.9408).......signalling start of market reversal. This may not be obvious for small traders with short term views.

If you long now it is ok, but you have to expect the unexpected for some
time, how long is not obvious, keep longing from lower time frame until
a break above 1.9361/1.9408 before long is confirmed

If you are short, those levels should be your stop loss.

GU chart is now in much better shape to forecast on daily basis.

The worse is that it will remain in lower end till end of the year,
But it must turned up eventually for the new cycle, it cannot run against the new cycle that started -08-08-2008
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