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Cable Update (GBPUSD)

  • #85,801
  • Sep 4, 2008 2:57am Sep 4, 2008 2:57am
all looks like bull trap to me. Will take a lot to reverse this trend.
TRADE FOR SWAP
  • #85,802
  • Sep 4, 2008 2:59am Sep 4, 2008 2:59am
Quoting cgldsmth
all looks like bull trap to me. Will take a lot to reverse this trend.
thinking the same thing, see how it shapes up...
  • #85,803
  • Sep 4, 2008 3:00am Sep 4, 2008 3:00am
I take the break

Good trading !!!
Jesus Christ is my only Lord !
  • #85,804
  • Sep 4, 2008 3:05am Sep 4, 2008 3:05am
hpi wasnt in the red first time in 4 months are things looking up ????
  • #85,805
  • Sep 4, 2008 3:18am Sep 4, 2008 3:18am
Quoting cgldsmth
all looks like bull trap to me. Will take a lot to reverse this trend.
risk reward for short positions slowly diminishing, short down here may require large stop loss, trend is clearly down but we have come a very long way without any kind of consoldation, alot of news in market coming up today and tomorrow could well take breather and range....

trade ur own risk
Trading is 80% Emotional, 20% Technical
  • #85,806
  • Sep 4, 2008 3:19am Sep 4, 2008 3:19am
Hi
{Promotion Removed}
  • #85,807
  • Sep 4, 2008 3:24am Sep 4, 2008 3:24am
At 1.7800/20, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sales on condition of formation of topping signals the targets will be 1.7720/40, 1.7660/80.
An alternative for buyers will be above 1.7920 with targets 1.7960/80, 1.8020/40, 1.8080/1.8100.
{Promotion Removed}
  • #85,808
  • Sep 4, 2008 3:26am Sep 4, 2008 3:26am
It's building now new low
  • #85,809
  • Sep 4, 2008 3:30am Sep 4, 2008 3:30am
Quoting lifeismine
hpi wasnt in the red first time in 4 months are things looking up ????
Are we talking about the same report....Halifax....new record low...lower than expected..._1.8 m/m...-10.9 yoy on my news bulletin!!
  • #85,810
  • Sep 4, 2008 3:37am Sep 4, 2008 3:37am
Quoting bitrader
At 1.7800/20, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For short-term sales on condition of formation of topping signals the targets will be 1.7720/40, 1.7660/80.
An alternative for buyers will be above 1.7920 with targets 1.7960/80, 1.8020/40, 1.8080/1.8100.

Hi My Friend
Becuse of my weak english i need your help..
what that is mean

At 1.7800/20, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval.

Thanx
Never sell @ lower upward channel unless breacked and vise versa .
  • #85,811
  • Sep 4, 2008 3:46am Sep 4, 2008 3:46am
interesting monthly chart,

50% of up move from 2001 is 1.7450

61.5% is 1.6555

interim resistance could well be at 38.2% 1.8320 area
Attached Image (click to enlarge)
Click to Enlarge Name: Cable Monthly.JPG Size: 135 KB
Trading is 80% Emotional, 20% Technical
  • #85,812
  • Sep 4, 2008 4:05am Sep 4, 2008 4:05am
Quoting fx local
interesting monthly chart,

50% of up move from 2001 is 1.7450

61.5% is 1.6555

interim resistance could well be at 38.2% 1.8320 area
hey man how are u
can u tell me wat are the MA u r using in the chart
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #85,813
  • Sep 4, 2008 4:07am Sep 4, 2008 4:07am
The consensus of the analysts on the rate decision today is that BOE will hold at 5%. But anybody here thinks there might be a surprise rate cut? Did King and Darling try to clue the market to that in their speeches in the last week or so?
Expected the unexpected
  • #85,814
  • Sep 4, 2008 4:08am Sep 4, 2008 4:08am
Quoting fx local
interesting monthly chart,

50% of up move from 2001 is 1.7450

61.5% is 1.6555

interim resistance could well be at 38.2% 1.8320 area

There is a minor 4hr swing lo at the 8328 area and the 23.6%of the move down from 0397 to 7765 is at 8309. My general observations on fibs is that unbless they have cause supp/res when approached in a retrace, they are less likely to do so on a re-test from the opposite side, but hey, who knows,...anything can happen, and probably will.

G/L
ex member
  • #85,815
  • Sep 4, 2008 4:22am Sep 4, 2008 4:22am
Quoting salah k.
hey man how are u
can u tell me wat are the MA u r using in the chart
hey buddy, im good thanks, urself? its 50 and 200 day simple MA
Trading is 80% Emotional, 20% Technical
  • #85,816
  • Sep 4, 2008 4:27am Sep 4, 2008 4:27am
cable breaks above y/day's hi at 7838 and Dly R1 at 7848 area to bang it's head on that 1hr prev swing lo area 7858 that coincided with the 23.6% of the 8488-7665 fall. Mni had touted offers there 7845-60 ahead of it.

BOE/MPc rate decision due at 11am gmt, 25ish % of a rate cut but n/c at 5.00% expected. MPC has never cut/raised the rate by more than 0.255 in it's entitre history so any cut/rise above 0.25% would be a real surprise and set the £ crosses racing.

Probably equally/more interesting is the ECB rate decision (n/c forecast) and Mthly Trichet press conference later at 1145am/1230pm gmt respectively, the later coinciding with some U.s data releases.
ex member
  • #85,817
  • Sep 4, 2008 4:28am Sep 4, 2008 4:28am
Quoting fx local
hey buddy, im good thanks, urself? its 50 and 200 day simple MA

thnx man

whats the third one catching the charts from the top
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #85,818
  • Sep 4, 2008 4:29am Sep 4, 2008 4:29am
i think cable is ready to go north again... it seems like now is the early trend to north formed....
Be a sniper not a jumper
  • #85,819
  • Sep 4, 2008 4:34am Sep 4, 2008 4:34am
Quoting scyang
The consensus of the analysts on the rate decision today is that BOE will hold at 5%. But anybody here thinks there might be a surprise rate cut? Did King and Darling try to clue the market to that in their speeches in the last week or so?

I wondered the same thing particularly darling's guardian interview , so out of character it seemed to have Brown's media monkey's fingerprints all over it trying to influence the MPC to cut
ex member
  • #85,820
  • Sep 4, 2008 4:41am Sep 4, 2008 4:41am
Quoting bbmac
I wondered the same thing particularly darling's guardian interview , so out of character it seemed to have Brown's media monkey's fingerprints all over it trying to influence the MPC to cut
It's very politically motivated. Brown is desperately trying to salvage his political life. Things have been going downhill even since he got in the office. That reflects very badly on him and he will do whatever it takes to get things back on the right course.
Expected the unexpected
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