Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#6,081
Feb 14, 2007 12:15pm Feb 14, 2007 12:15pm

Trader#0000
| Status: Unregistered Trader

My Daily Cable chart ..1st time I try and post an image... not sure if it will work.

Attached File(s)

1.doc 78 KB | 347 downloads

#6,082
Feb 14, 2007 1:28pm Feb 14, 2007 1:28pm

deboooo2005
Joined Feb 2007 | Status: Trader | 2,428 Posts

Good Day

The Cable Price Now is 1.9615 ....

Is it good to buy the cable @1.9580

or the cable will raise in sedny and Japan session to 1.9680

#6,083
Feb 14, 2007 1:43pm Feb 14, 2007 1:43pm

Trader#0000
| Status: Unregistered Trader

Its late in the day but now cable 1h gives me really high overbought readings I think it will go down a bit from here first. Daily trend is a buy

#6,084
Feb 14, 2007 1:57pm Feb 14, 2007 1:57pm

deboooo2005
Joined Feb 2007 | Status: Trader | 2,428 Posts

Quoting HelloDollie

Disliked

Its late in the day but now cable 1h gives me really high overbought readings I think it will go down a bit from here first. Daily trend is a buy

Ignored

Do you think the cable will reach 1.958

#6,085
Feb 14, 2007 1:59pm Feb 14, 2007 1:59pm

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

I didn't like that move up today. Well, who am I to like it or not.

What I mean is that Cable is ranging within a more and more narrow area, from the 9720 to 9400. Ok, it is a 300 pips range, but with the daily volatility of this pair, any slightly bad or good news, either way may reverse the direction faster than the devil scratches his eyes.

This is what may have happened today, with the bottom below 9400 yet to be seen and a reversal just came into place.

Now a little retrace, a boost to 9720 tomorrow and there we go, trying to catch the new high. possibly on Friday....

Since we`ve seen a lower low, compared to 9480, it is hard to figure out the top. I was hoping for a nice double bottom at 9260s and all the power up...

Or, the big boys will be squeezing the range until next rate statement for GBP, ECB and USD. That`s the ultimate market mover, imho.

Rate is being the theme since GB hike surprise...

My thoughts. Going off again... Cya

#6,086
Feb 14, 2007 2:09pm Feb 14, 2007 2:09pm

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

Quoting cesarnc

Disliked

What I mean is that Cable is ranging within a more and more narrow area, from the 9720 to 9400. Ok, it is a 300 pips range, but with the daily volatility of this pair, any slightly bad or good news, either way may reverse the direction faster than the devil scratches his eyes.

Ignored

For instance, anyone holding a short at 9722 waiting for TP at reported dip buyers at 9350 (almost 400 pips) is now holding a lousy 120 pip trade, possibly triggering stops tomorrow hehehehe....

Just kidding... Henrycarol might still come for you guys...

#6,087
Feb 14, 2007 2:10pm Feb 14, 2007 2:10pm

viking
| Commercial User | Joined Jan 2007 | 409 Posts

Quoting HelloDollie

Disliked

Its late in the day but now cable 1h gives me really high overbought readings I think it will go down a bit from here first. Daily trend is a buy

Ignored

better wait for london open + tomorrow hot newsssssssssssssss