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Cable Update (GBPUSD)

  • #6,761
  • Feb 22, 2007 11:26am Feb 22, 2007 11:26am
Quoting cesarnc
As the reports says, it was a rumor... But a 100 pips boost like that because of oil inventory? I doubt it...

Must have been this rumor helping those profit thirsty to flush many people out of the market for the week.
This is what caused the EUR/USD and GBP/USD rise:

http://www.weblinks247.com/indexes/idx24_usd_en_2.gif

Close below 84 would be crucial.

EUR/USD target 1.34+
GBP/USD target 1.99+
  • #6,762
  • Feb 22, 2007 11:31am Feb 22, 2007 11:31am

u all looking at MACD??....
its a nice pull back ya know....
or u all just accept news as an indicator

"Analysis Is Hard But Trade Is Easy"
  • #6,763
  • Feb 22, 2007 11:35am Feb 22, 2007 11:35am
If Im correct tommorrow we will see a lower 1.9400s

High enough from here at 1.9600 to go down.

The peaks on the g/u chart says it all.

Same goes for g/j.
  • #6,764
  • Feb 22, 2007 11:36am Feb 22, 2007 11:36am
no thats not the case...Henry got scared, and this is the result,...guys...remember cesar,...dont ever underestimate the henrycarol power...u tought me that...ill never forget
its just money
  • #6,765
  • Feb 22, 2007 11:36am Feb 22, 2007 11:36am
Quoting patricio0793
I wish somebody would figure the top soon... im still short aarrghh..
I think it just topped out for the moment....... depending where your SHORT is, it may retrace back down to your level and you will be safe.
Show me the PIPS!
  • #6,766
  • Feb 22, 2007 11:37am Feb 22, 2007 11:37am
I'd like to see 9500 again...

How about you guys?

  • #6,767
  • Feb 22, 2007 11:38am Feb 22, 2007 11:38am
ok I take that back it wouldn't be a perfect pin cause the nose is too short and given the fact we are range bound 1.9600 on top 1.9400 below. we will need a fundamental reason to break this range
  • #6,768
  • Feb 22, 2007 11:38am Feb 22, 2007 11:38am
Quoting henrycarol
If Im correct tommorrow we will see a lower 1.9400s

High enough from here at 1.9600 to go down.

The peaks on the g/u chart says it all.

Same goes for g/j.
A trader after my own heart... henry carol your back ...show us your charts please
  • #6,769
  • Feb 22, 2007 11:39am Feb 22, 2007 11:39am
I hope so.. I hope that it does head downhill from here onwards.. Im all for the bears right now..
  • #6,770
  • Feb 22, 2007 11:40am Feb 22, 2007 11:40am
Currently I see that the move is over or it may touch the 9610 level. I would wait to get in at this point and possibly enter at the end of the day. There should be a healthy retracement so I will get back in then. I think it'll go back to the 9565 for a retracemtent today and close around that level. As I'm writing this it's almost there now. If the 4hr candle closes above 9565 then I would expect this to go to around 9685-95 tomorrow. The the 9695 was the profit target from the H&S on the 4hr chart. Be aware of the fib levels long term at 9665 and also the resistance level of 9620. I think that we'll see the 9900's soon, maybe by the end of next week. Any thoughts?
  • #6,771
  • Feb 22, 2007 11:41am Feb 22, 2007 11:41am
Quoting henrycarol
If Im correct tommorrow we will see a lower 1.9400s

High enough from here at 1.9600 to go down.

The peaks on the g/u chart says it all.

Same goes for g/j.
If it goes down to 1.94 again, GBP/USD would definitely see 2.00 very quickly. remember, 1.94 got rejected at least 3-4 times.

GBP/USD should target for 1.97+
  • #6,772
  • Feb 22, 2007 11:41am Feb 22, 2007 11:41am
Quoting cesarnc
I'd like to see 9500 again...

How about you guys?


Well 9500 felt safe whilst we were all sat there complaining about it.. but it looks oh so good right now.. im with you on that one..
  • #6,773
  • Feb 22, 2007 11:41am Feb 22, 2007 11:41am
Quoting positivepips
A trader after my own heart... henry carol your back ...show us your charts please
I told u already the peaks, just look using ur 4h or daily chart on g/u and g/j and you can see it
  • #6,774
  • Feb 22, 2007 11:44am Feb 22, 2007 11:44am
hope this helps.
Attached File(s)
File Type: doc feb22.doc   118 KB | 494 downloads
memores acti prudentes futuri.
  • #6,775
  • Feb 22, 2007 11:46am Feb 22, 2007 11:46am
Quoting henrycarol
I told u already the peaks, just look using ur 4h or daily chart on g/u and g/j and you can see it

mmm.. just looked at the daily and its defo peaked as it heads on its bear route.. there would need to be really strong data for it to breakout of this range.. I think youre right Henrycarol, its heading south.. and 1.94 is the next target..

Hopefully
  • #6,776
  • Feb 22, 2007 11:47am Feb 22, 2007 11:47am
Quoting henrycarol
I told u already the peaks, just look using ur 4h or daily chart on g/u and g/j and you can see it
You mean the downward channel?
  • #6,777
  • Feb 22, 2007 11:48am Feb 22, 2007 11:48am

Quoting henrycarol
If Im correct tommorrow we will see a lower 1.9400s

Quoting henrycarol

High enough from here at 1.9600 to go down.

The peaks on the g/u chart says it all.

Same goes for g/j.


hendry could u tell me u ur method pls....




p/s hendry tolong la aku ni.takkan tak nak kongsi kot...
"Analysis Is Hard But Trade Is Easy"
  • #6,778
  • Feb 22, 2007 11:50am Feb 22, 2007 11:50am
Sorry, I meant to say Channel...
  • #6,779
  • Feb 22, 2007 12:07pm Feb 22, 2007 12:07pm
Higher highs + higher lows = not bearish.
Some creative trendlines here, but they're just for illustration....anyone else expecting a peak above 1.9600 in a few?
Unless the bears kick in and kick us in the shin ;d

One side of the wedge/triangle has to give either way.
Attached Image
Trust price. Know yourself.
  • #6,780
  • Feb 22, 2007 12:13pm Feb 22, 2007 12:13pm
Quoting SeekingLight
Higher highs + higher lows = not bearish.
Some creative trendlines here, but they're just for illustration....anyone else expecting a peak above 1.9600 in a few?
Unless the bears kick in and kick us in the shin ;d

One side of the wedge/triangle has to give either way.

I think that we might break above the 9600 to about the 9645 level tomorrow and then a retracement back down above the upper trend of the triangle. Then next week I expect it to hover in the 9560-9675 area on Mon and maybe tues. After that expect it to go up up and away to the ultimate $2.00 mark
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