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Cable Update (GBPUSD)

  • #5,901
  • Feb 13, 2007 7:08am Feb 13, 2007 7:08am
  •  Trader#0000
  • | Status: Unregistered Trader
Quoting cesarnc
Today's down move wasn't a "dollar stronger" move. Actually dollar is weaker on Euro and Yen pairs.

If US market remains absent today as has been lately, ir is possible to see a panic-driven move up then all the pair may resume they trend.

Notably, as Cable dropped 100 pip, Euro soared 80+...

I'll be watching on possible resumption of the down trend only (below 9400)
Yes but all the euro news were strong...
  • #5,902
  • Feb 13, 2007 7:09am Feb 13, 2007 7:09am
Quoting tathlynq
Nobody will know for sure until the release of the US TB but I am still thinking it will be good for the dollar. I have been SHORT since 1.9473 with my S/L moved up for a positive profit just in case I am wrong. I still feel as though she MAY drop to the 1.9300 level. We shall see at 8:30 AM EST. Good luck all!
Agree we will see 93xx sooon
SPEED SPEED SPEED
  • #5,903
  • Feb 13, 2007 7:34am Feb 13, 2007 7:34am
Good job, 1.9444! Keep resisting!
Tra-X
  • #5,904
  • Feb 13, 2007 7:45am Feb 13, 2007 7:45am
...........is SLOOOWWWWW on the news. To me that reinforces the downward move. Resistance at 1.9463.......*crosses fingers** may it not break!
Show me the PIPS!
  • #5,905
  • Feb 13, 2007 7:57am Feb 13, 2007 7:57am
Someone into this?

I have absolutely NO idea where is it going to next.

Just afraid of seeing volume vanish and the boredom to take place....
  • #5,906
  • Feb 13, 2007 7:59am Feb 13, 2007 7:59am
If you take the high/low of today

the price just touched the 50% fibo and it has come down, might try to go to the 61.8% fibo line..
Trade what you see, not what you think.
  • #5,907
  • Feb 13, 2007 8:01am Feb 13, 2007 8:01am
looks like i missed the party- went to bed and woke up 40 pips poorer on my fade - guess i should have waited for confirmation, which seems like may come in 1000 pips. All numbers were USD negative -
Man who scratches ass should not bite fingernails
  • #5,908
  • Feb 13, 2007 8:09am Feb 13, 2007 8:09am
US Trade Balance poor amist a much weaker dollar - not a good sign. Also GBP RPI is still strong - 2.0000 here we come - this final move down added the needed symmetry to the bottom - we may have seen the final low for the week.
Man who scratches ass should not bite fingernails
  • #5,909
  • Feb 13, 2007 8:10am Feb 13, 2007 8:10am
I'm out... possibly for the next two days, out of town...

I'm not "getting" the market since Frankfurt open now... And I just hate to have big loss out of that fat market...

I'll be off until the confirmation that we've seen the bottom here. Tomorrow will be a rat pack of mixed news, usually a festival of whipsaws. May help realize who's calling the shots... bulls or bears....
  • #5,910
  • Feb 13, 2007 8:15am Feb 13, 2007 8:15am
Quoting karmostaji
If you take the high/low of today

the price just touched the 50% fibo and it has come down, might try to go to the 61.8% fibo line..

I have my short stop at that 61.8% level. Also interesting to see is that today's low is 78.6% of big wave B (low 9260 high 9913 on GMT+2) so if it goes down more from here, towards 9410-20 we may see some upward movement tomorrow, if it brakes the 78.6% then a full retrace to 9260 very possible.
Eish! If you don't fly with the eagles you'll scratch with the turkeys
  • #5,911
  • Feb 13, 2007 8:17am Feb 13, 2007 8:17am
Quoting africanpip
I have my short stop at that 61.8% level. Also interesting to see is that today's low is 78.6% of big wave B (low 9260 high 9913 on GMT+2)

Touched at the pip: 9401
  • #5,912
  • Feb 13, 2007 8:21am Feb 13, 2007 8:21am
Quoting Leugimp
US Trade Balance poor amist a much weaker dollar - not a good sign. Also GBP RPI is still strong - 2.0000 here we come - this final move down added the needed symmetry to the bottom - we may have seen the final low for the week.
Dear, regarding news it's incorrect numbers, amrican want weak USD to recover more there trade balance.....

but GBP/USD move down from morning about 120 pip, so it will take some rest,to kick SL, then it will go down may at 1.91 next days, and we will see Eur/usd about 1.27..

regards
  • #5,913
  • Feb 13, 2007 8:24am Feb 13, 2007 8:24am
Oooookay....

One is saying 2.000, the other 9100....

Could be a bounce at 2.000 then down to 9100 or otherwise? Just checkign because I don't really have 900 pips left to loose here
  • #5,914
  • Feb 13, 2007 8:27am Feb 13, 2007 8:27am
Quoting cesarnc
Oooookay....

One is saying 2.000, the other 9100....

Could be a bounce at 2.000 then down to 9100 or otherwise? Just checkign because I don't really have 900 pips left to loose here
for me it will go to 1.91.. 1.92..., then will rise to 1.9900 which will the last high for this year
  • #5,915
  • Feb 13, 2007 8:31am Feb 13, 2007 8:31am
Quoting cesarnc
Someone into this?

I have absolutely NO idea where is it going to next.

Just afraid of seeing volume vanish and the boredom to take place....

1.9463 i think is a strong level(see 27 nov 2006 the big gap). i`m selling cable now targeting 1.9320-330.hope i-m right!!

how do u see the GBP news for tomorw??
  • #5,916
  • Feb 13, 2007 8:31am Feb 13, 2007 8:31am
Quoting cesarnc
Oooookay....

One is saying 2.000, the other 9100....

Could be a bounce at 2.000 then down to 9100 or otherwise? Just checkign because I don't really have 900 pips left to loose here
Well then win damn it - sounds like alot of space to move either way - options may be a good,.... well,.....option. If however you are unsure, just wait for the first of these two to be hit and then fade it. for 1000 pips.
Man who scratches ass should not bite fingernails
  • #5,917
  • Feb 13, 2007 8:40am Feb 13, 2007 8:40am
i all time follow Leugimp but this time i think GBP and EUR will down and USD will strong ...
SPEED SPEED SPEED
  • #5,918
  • Feb 13, 2007 8:41am Feb 13, 2007 8:41am
Following this morning, I may need to strengthen my index finger, the "clicker", before I can fade anything! But it was a good day in the neighborhood.
  • #5,919
  • Feb 13, 2007 8:52am Feb 13, 2007 8:52am
Looks as though it's gearing up for a big push - but which way?

5 min chart ema9, 20 and 50 all converged.

Hard to call and this US market apathy is starting to get to me...
  • #5,920
  • Feb 13, 2007 8:55am Feb 13, 2007 8:55am
Quoting goonergonebad
Looks as though it's gearing up for a big push - but which way?

5 min chart ema9, 20 and 50 all converged.

Hard to call and this US market apathy is starting to get to me...
If 1.9444 doesn't hold it looks to be long..
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