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Cable Update (GBPUSD)

  • #6,821
  • Feb 23, 2007 2:56am Feb 23, 2007 2:56am
Quoting patricio0793
Guys I see the 5 min highs dropping as we speak.. Its ready to drop!!!
Also dbl top forming on hourly's.
  • #6,822
  • Feb 23, 2007 2:56am Feb 23, 2007 2:56am
Quoting patricio0793
Guys I see the 5 min highs dropping as we speak.. Its ready to drop!!!
all about the news now... 3 min to go...
  • #6,823
  • Feb 23, 2007 2:57am Feb 23, 2007 2:57am
Quoting musicman007
Also dbl top forming on hourly's.
don't know what dbl is...
  • #6,824
  • Feb 23, 2007 3:03am Feb 23, 2007 3:03am
news was negative, not that big move...
  • #6,825
  • Feb 23, 2007 3:04am Feb 23, 2007 3:04am
Well what do you think??

Is it weak enough to keep the bears in play??

I think you were right cesarn about the Euro heading to 1.3080.. im going to hop on that short..

Maybe get some on the cable whilst its following!!
  • #6,826
  • Feb 23, 2007 3:05am Feb 23, 2007 3:05am
Quoting cesarnc
news was negative, not that big move...

Wait for it...

Patience my friend!!
  • #6,827
  • Feb 23, 2007 3:06am Feb 23, 2007 3:06am
blurrrp .....
  • #6,828
  • Feb 23, 2007 3:08am Feb 23, 2007 3:08am
Quoting cesarnc
don't know what dbl is...
Sorry bud, double.
  • #6,829
  • Feb 23, 2007 3:13am Feb 23, 2007 3:13am
Quoting patricio0793
Wait for it...

Patience my friend!!
  • #6,830
  • Feb 23, 2007 3:14am Feb 23, 2007 3:14am
Henrycarol, good call last night with the Peaks..

at this rate, the bear channel on the daily isnt going to get broken... so a continual drop could be exactly what we get..

Unless the data at 9.30 is unbelievably strong from the UK front.. but even then, im not convinced its got legs to breakout..

What do you think?
  • #6,831
  • Feb 23, 2007 3:15am Feb 23, 2007 3:15am
Quoting musicman007
Sorry bud, double.


No.. I'm sorry... so sick & tired of seeing technical stuff - Elliot Waves, fibonaccis, pi-bars - that I was wondering it dbl was something like "double bar low"

My bad.... Still on hangover of y'day I guess
  • #6,832
  • Feb 23, 2007 3:15am Feb 23, 2007 3:15am
Quoting patricio0793
Wait for it...

Patience my friend!!
Good day mates!

Hey Patricio, are you expecting the news to be cable bullish?
  • #6,833
  • Feb 23, 2007 3:17am Feb 23, 2007 3:17am
Quoting patricio0793
Henrycarol, good call last night with the Peaks..

at this rate, the bear channel on the daily isnt going to get broken... so a continual drop could be exactly what we get..

Unless the data at 9.30 is unbelievably strong from the UK front.. but even then, im not convinced its got legs to breakout..

What do you think?
I'm considering skip this news. Got a nice profit downwards as to put it in jeopardy. Cable is reacting way to furiously on any piece of news... But will keep a stop sell below the news price, though...
  • #6,834
  • Feb 23, 2007 3:18am Feb 23, 2007 3:18am
testing 5M 250EMA now. bouced at it earlier...
  • #6,835
  • Feb 23, 2007 3:18am Feb 23, 2007 3:18am
Good morning,

What can I say.. if I could predict that, I would be pretty rich right now

Whatever I guess it will do, its usually the opposite.. that is of course unless if im away from the desk and making a cuppa..LOL..

I dont think that the cable can be dictated to purely on the news though.. its only going to go where the traders take it..

Where do you want it to go??
  • #6,836
  • Feb 23, 2007 3:21am Feb 23, 2007 3:21am
Quoting patricio0793
Good morning,

What can I say.. if I could predict that, I would be pretty rich right now

Whatever I guess it will do, its usually the opposite.. that is of course unless if im away from the desk and making a cuppa..LOL..

I dont think that the cable can be dictated to purely on the news though.. its only going to go where the traders take it..

Where do you want it to go??
Well I have a long from 1.9583 but right now I'm a little disturbed with the price going down...
  • #6,837
  • Feb 23, 2007 3:22am Feb 23, 2007 3:22am
Quoting patricio0793
Good morning,

What can I say.. if I could predict that, I would be pretty rich right now

Whatever I guess it will do, its usually the opposite.. that is of course unless if im away from the desk and making a cuppa..LOL..

I dont think that the cable can be dictated to purely on the news though.. its only going to go where the traders take it..

Where do you want it to go??
9500 is good enough for you?
  • #6,838
  • Feb 23, 2007 3:24am Feb 23, 2007 3:24am
Quoting cesarnc
9500 is good enough for you?
Hell no! I was ready to take proffit @ 1.9600 but my brokers chart only hit 1.9599. So right now I'm just expectant.
  • #6,839
  • Feb 23, 2007 3:27am Feb 23, 2007 3:27am
I dont want it anywhere near 9500, I would be extremely happy if it missed that figure out totally...LOL.. cant go through another yesterday..

I think im going to retain my early profit till after the news..
  • #6,840
  • Feb 23, 2007 3:36am Feb 23, 2007 3:36am
Quoting cesarnc
I'm considering skip this news. Got a nice profit downwards as to put it in jeopardy. Cable is reacting way to furiously on any piece of news... But will keep a stop sell below the news price, though...
I cant believe it.. I was doing something on my pc and I totally forgot to get out of my position.... and before I knew it, the news had come out.

Luckily I was still short..so im going to have to recoup yesterdays losses now..

Are you short right now?
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