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Cable Update (GBPUSD)

  • #6,601
  • Feb 22, 2007 5:17am Feb 22, 2007 5:17am
I'm short too, hope we'll not get short circuited !!!
  • #6,602
  • Feb 22, 2007 5:23am Feb 22, 2007 5:23am
Let's hope so for those short.
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  • #6,603
  • Feb 22, 2007 5:27am Feb 22, 2007 5:27am
OH my god.. thank you for that!!

Ive been holding short on the Cable since last night... didnt bank my profits at 8am this morning though.. and thought I lost them all..

Where do we think it will drop to??
  • #6,604
  • Feb 22, 2007 5:28am Feb 22, 2007 5:28am
pablorpl, the revision on core CPI yesterday was bad?
  • #6,605
  • Feb 22, 2007 5:30am Feb 22, 2007 5:30am
Quoting patricio0793
OH my god.. thank you for that!!

Ive been holding short on the Cable since last night... didnt bank my profits at 8am this morning though.. and thought I lost them all..

Where do we think it will drop to??
Maybe around 9445 area, not sure..
Trade what you see, not what you think.
  • #6,606
  • Feb 22, 2007 5:33am Feb 22, 2007 5:33am
Cant break this 9490... geees....
  • #6,607
  • Feb 22, 2007 5:33am Feb 22, 2007 5:33am
I hope that the market is consolidating at the moment. Preparing to breakthrough 9488 and down to 9420 I hope..
  • #6,608
  • Feb 22, 2007 5:34am Feb 22, 2007 5:34am
mmmm, it would be nice if it could stretch that far..

The Yen is dragging it up by the looks of it though..

Im an emotional wreck watching it!! LOL..
  • #6,609
  • Feb 22, 2007 5:35am Feb 22, 2007 5:35am
Quoting Kanon
pablorpl, the revision on core CPI yesterday was bad?
yeah... revision bad. to 0.1 VS 0.2prior
  • #6,610
  • Feb 22, 2007 5:43am Feb 22, 2007 5:43am
Quoting goonergonebad
I hope that the market is consolidating at the moment. Preparing to breakthrough 9488 and down to 9420 I hope..
I hope that too.... I need a red bull
  • #6,611
  • Feb 22, 2007 5:49am Feb 22, 2007 5:49am
Looks like its stuck in the 194.88 - 195.11 range.. where will it go!!!

It has to keep retesting the lower to achieve what it was doing this morning.. Surely?
  • #6,612
  • Feb 22, 2007 5:53am Feb 22, 2007 5:53am
Double Top not realised. Looks set to pootle along sideways now until US news.
  • #6,613
  • Feb 22, 2007 5:55am Feb 22, 2007 5:55am
Seems to be stuck in this channel, trend is still down for now, hope US opening and news will kick it down !
  • #6,614
  • Feb 22, 2007 5:56am Feb 22, 2007 5:56am
All indicators at 50.

15 min MACD topped, suggesting upcoming down
1hr MACR bottomed suggesting upcoming up.

and we hanging at 9500...

Is this indecision or what?
  • #6,615
  • Feb 22, 2007 5:59am Feb 22, 2007 5:59am
Guys, I have a fantastic idea.. to make it drop below the 1.9490 level..

What I will do is close my short position when it gets to that level, and as always watch it drop another 50 pips immediately after..

Its never failed so far..
  • #6,616
  • Feb 22, 2007 6:00am Feb 22, 2007 6:00am
Fibo 61.8% = 1.9486. retracement to this downtrend will start at this point. however, if it passes this point...i will consider to short some more...what do u guys think...?
  • #6,617
  • Feb 22, 2007 6:02am Feb 22, 2007 6:02am
Quoting patricio0793
Guys, I have a fantastic idea.. to make it drop below the 1.9490 level..

What I will do is close my short position when it gets to that level, and as always watch it drop another 50 pips immediately after..

Its never failed so far..

Same thing here!!
  • #6,618
  • Feb 22, 2007 6:03am Feb 22, 2007 6:03am
Quoting thunder
Same thing here!!
  • #6,619
  • Feb 22, 2007 6:06am Feb 22, 2007 6:06am
Quoting patricio0793
Guys, I have a fantastic idea.. to make it drop below the 1.9490 level..

What I will do is close my short position when it gets to that level, and as always watch it drop another 50 pips immediately after..

Its never failed so far..
So you can control the market, are you trading 10^24 lots or more ???
  • #6,620
  • Feb 22, 2007 6:07am Feb 22, 2007 6:07am
Quoting patricio0793
Guys, I have a fantastic idea.. to make it drop below the 1.9490 level..

What I will do is close my short position when it gets to that level, and as always watch it drop another 50 pips immediately after..

Its never failed so far..
Don't tell me we're all trading forex against ghosts...
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