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Cable Update (GBPUSD)

  • #81,561
  • Aug 11, 2008 5:24pm Aug 11, 2008 5:24pm
Hello guys, I hope you have been gaining pips so far.

Here more news for my fundamentals friends here.
Attached Image (click to enlarge)
Click to Enlarge Name: (IGM)[UK RICS JULY HOUSE PRICE BALANCE OUTLOOK].png Size: 75 KB
  • #81,562
  • Aug 11, 2008 6:03pm Aug 11, 2008 6:03pm
GBP RICS House Price Balance -

Previous : 88.0%
Actual : 83.9%

BRC Retail Sales Monitor y/y

Previous :-0.4%
Actual :-0.9%
  • #81,563
  • Aug 11, 2008 6:04pm Aug 11, 2008 6:04pm
RICS news is better than expected !!!!!! -83.9% vs -90.0% and previous month:-88% month;;;;;

Go cable go we also need inflation number be in green Insha-Allah....

bye guys until 4:00 am tonight!!!!!!!!
  • #81,564
  • Aug 11, 2008 6:07pm Aug 11, 2008 6:07pm
I reckon cable is joined at the hip to the euro and will not move big against it
  • #81,565
  • Edited 7:38pm Aug 11, 2008 7:06pm | Edited 7:38pm
Quoting warta
interresting area

Attachment
Obviously major support, but no rebound at all so far. Maybe will just go sideways for awhile..
Darkness lies one inch ahead..
  • #81,566
  • Aug 11, 2008 7:12pm Aug 11, 2008 7:12pm
Quoting TraderJR
Obviously major support, could go long for awhile at least

i think long still in the game if se dont break the major weekly trend well i took a small long my sl @ 8900
  • #81,567
  • Aug 11, 2008 7:47pm Aug 11, 2008 7:47pm
My bold prediction.
Attached Image (click to enlarge)
Click to Enlarge Name: cable_prediction.png Size: 14 KB
  • #81,568
  • Aug 11, 2008 8:32pm Aug 11, 2008 8:32pm
Cable has knocked twice at 1.9050 psyche level. Let's see if it can close below it at the third knock
Life is a journey... So is trading.
  • #81,569
  • Aug 11, 2008 9:42pm Aug 11, 2008 9:42pm
Quoting NuckingFuts
My bold prediction.
With all respect, what is your technical analisis for this prediction?

You are talking here 3 or 4 years!!!

Unless you have $100,000,000,000,000 to move cable that way...

the rest is just a dream
  • #81,570
  • Edited 11:22pm Aug 11, 2008 11:19pm | Edited 11:22pm
Quoting Carrera
With all respect, what is your technical analisis for this prediction?

You are talking here 3 or 4 years!!!

Unless you have $100,000,000,000,000 to move cable that way...

the rest is just a dream
LOL

Try 8-10 years.

Like I said it's a very bold prediction based on current price action, not a dream.

My analysis is the nice clear H&S pattern on the weekly. IF it plays out and reaches its projected level, we could be inline for another massive H&S on the monthly after the retrace.

Sorry, I forgot most here only want to know where the price is going for the next 10 minutes

I'll be back in 10 years to see if it played out
  • #81,571
  • Aug 11, 2008 11:21pm Aug 11, 2008 11:21pm
How far will the trend go down?
  • #81,572
  • Aug 11, 2008 11:29pm Aug 11, 2008 11:29pm
"Pattern recognition and fibos is my way in this jungle"

Can't you see the H&S pattern sticking out like dogs balls on the weekly???
  • #81,573
  • Edited 11:47pm Aug 11, 2008 11:41pm | Edited 11:47pm
By the time the 'Boys get to their desks' its going to be screaming SHORT!

Trade for today... 1.4754 target, stop 1.4920 Good luck folks!

Get in Now if you're prepared to lose.
  • #81,574
  • Aug 12, 2008 12:29am Aug 12, 2008 12:29am
Quoting NuckingFuts
"Pattern recognition and fibos is my way in this jungle"

Can't you see the H&S pattern sticking out like dogs balls on the weekly???
You bet this is my jungle.

You are 2 days late for my analisys. Click here son #81228 and here #81227

I bet you work at Disney World, yep I really belive so. Too much fantasies in your head.

This is an intra-day trading thread.
  • #81,575
  • Aug 12, 2008 12:51am Aug 12, 2008 12:51am
Quoting locknpop
By the time the 'Boys get to their desks' its going to be screaming SHORT!

Trade for today... 1.4754 target, stop 1.4920 Good luck folks!

Get in Now if you're prepared to lose.

Are you talking about EUR/USD??

Wrong thread my friend. Stop smoking what ever it is. Bad for trading.
  • #81,576
  • Aug 12, 2008 12:55am Aug 12, 2008 12:55am
Cable just broke last yrs low, I closed my long for -650 pips. I learned my lesson, however I live to trade another day!!!!.
  • #81,577
  • Aug 12, 2008 12:58am Aug 12, 2008 12:58am
Quoting AmeriTrini
Cable just broke last yrs low, I closed my long for -650 pips. I learned my lesson, however I live to trade another day!!!!.

sorry to hear that jamie

man u should have trusted dollar strength cause this time it aint bullshitting
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #81,578
  • Aug 12, 2008 1:03am Aug 12, 2008 1:03am
Quoting salah k.
sorry to hear that jamie

man u should have trusted dollar strength cause this time it aint bullshitting
I still don't believe that our economy is all that great, its just that in a world full of chaos, the reserve currency is the most stable!!

  • #81,579
  • Aug 12, 2008 1:03am Aug 12, 2008 1:03am
Quoting Carrera
You bet this is my jungle.

You are 2 days late for my analisys. Click here son #81228 and here #81227

I bet you work at Disney World, yep I really belive so. Too much fantasies in your head.

This is an intra-day trading thread.
I'm not sure what part of bold you don't understand, maybe it's because you lack the intellect.

Like I said it's bold and I don't really care what your opinion is chump. Opinions are like ass holes, everyone has one.

Yea, I've been to disney land, took my kids there a few years back. Don't know how I can work there though when I'm from Oz

I don't see any reference to intra-day in the thread title or intro either
  • #81,580
  • Aug 12, 2008 1:08am Aug 12, 2008 1:08am
we may change the name from Cable to Storm
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