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Cable Update (GBPUSD)

  • #7,701
  • Mar 5, 2007 6:45am Mar 5, 2007 6:45am
Cable really farted its tomahawk, and it's to the downside tho instead of up. 1.9673 - 1.9200 = 473 pips, 27 more pips to complete.
Tra-X
  • #7,702
  • Mar 5, 2007 6:55am Mar 5, 2007 6:55am
maybe 666 and we come to the same number as we started this tread 19000... seems its gona be 666 because 260 didnt hold...so goodbye 90s hello 80s...:surprised ... (thats a devil pips in less then a week?)

Hey what about if somebody puts a print sreen oandas whos long whos short, i cant do that...
its just money
  • #7,703
  • Mar 5, 2007 7:02am Mar 5, 2007 7:02am
Quoting wep561
This breakout of 9260 is starting to look fragile. With GJ finding temporary support at 2150 I think that I will look for a long later above 9260. We are definately overdue for a retracement. But a break below 9200 could take us to 9000 tomorrow. Maybe I'll flip a coin!!
The current area we are in represents a strong area of support on the daily chart using various fib starting points from 06/29, and 10/16.

These are genrated at 9609/10 area, whilst we dipped below these to 9199 we obviously have the 9200 as a an additional psychological support. This area was also an area of strong resistance back in Apl 2005, after which we dropped to 1.8000 by 06/14/05 and then 1.7359 on 07/08/2005 .

IF, we break through then I see 9060 as the next target with 1.8986 thereafter. To the upside we have the figures shown in an earlier thread.

Drawing a line linking lows on the daily nearly intersects with the 200EMA around 1.9145.

I scalped some earlier this morning but am now out until we decide which direction to go in.
  • #7,704
  • Mar 5, 2007 7:03am Mar 5, 2007 7:03am
Quoting de123
maybe 666 and we come to the same number as we started this tread 19000... seems its gona be 666 because 260 didnt hold...so goodbye 90s hello 80s...:surprised ... (thats a devil pips in less then a week?)

Hey what about if somebody puts a print sreen oandas whos long whos short, i cant do that...
Here
Attached Image
  • #7,705
  • Mar 5, 2007 7:05am Mar 5, 2007 7:05am
totally agree with you. i've been waiting for some retracement signs for quite some time and nothing. we'll see.
but for now, the best i can do is stay on the side and watch this slow movement downside. i hate it when it's like this!

Quoting wep561
The way that we keep hanging around 9200 with no sign of a retracement is looking like more downside to come. There is just no decent place to get in here. A short here would be purely a momentum play. Waiting for NY to either break 9200 or retrace to 9260.
Nihil Sine Deo.
  • #7,706
  • Mar 5, 2007 7:13am Mar 5, 2007 7:13am
Broke 9200 down... Hard to tell if it is a dollar move or a yen move, though.
  • #7,707
  • Mar 5, 2007 7:14am Mar 5, 2007 7:14am
Quoting cesarnc
Broke 9200 down... Hard to tell if it is a dollar move or a yen move, though.
Yen's
  • #7,708
  • Mar 5, 2007 7:15am Mar 5, 2007 7:15am
thx...buddy... ....ok. my explanation so that i wont just kidding arround...
double bottom didnt hold on dailly chart 19260,...and is now acting as R1 so we go and checkmonthly to see why...and there u go...if u draw a fibo, u would see that the next support is at 1888 (more or less whtfuc) with expiration bph7 aproches, thats where we might end,...

henry is back from holiday,....and full moon yesterday give it the last push to 80s...comodities are 2 overbought in general,...
its just money
  • #7,709
  • Mar 5, 2007 7:21am Mar 5, 2007 7:21am
Majors/yen tripped through expected strong support. This brings further Carry Carnage back in town.
  • #7,710
  • Mar 5, 2007 7:23am Mar 5, 2007 7:23am
What about the ISM index today and NFP that we have tommorow? Will they have some serious impact on this pair?
  • #7,711
  • Mar 5, 2007 7:24am Mar 5, 2007 7:24am
It's retracing.
Praise the Lord!
That was ONE SCARY ride. Whew.
  • #7,712
  • Mar 5, 2007 7:26am Mar 5, 2007 7:26am
Quoting Dexis
What about the ISM index and NFP that we have tommorow? Will they have some serious impact on this pair?
ISM is today. Expected USD negative.

NFP is on Friday, expected USD-negative, but the revision is the real deal. Last NFPs have been so messy lately, that I may get out of my house for the entire day...
  • #7,713
  • Mar 5, 2007 7:28am Mar 5, 2007 7:28am
Quoting PipVip
It's retracing.
Praise the Lord!
That was ONE SCARY ride. Whew.
Maybe not for too long?

The [IMF] is currently on the wires talking about Sterling, suggesting that the UK may need some further monetary tightening depending on wages and sees the CPI returning to target. The Pound is slightly higher following the comments.
  • #7,714
  • Mar 5, 2007 7:31am Mar 5, 2007 7:31am
can someone pls check USD/NOk, USD/SEK, i cant believ my eyes
its just money
  • #7,715
  • Mar 5, 2007 7:35am Mar 5, 2007 7:35am
Parabolic SAR dot 15M at 9221, henrycarol at 9222... It is going to be a tough retracement...

  • #7,716
  • Mar 5, 2007 7:37am Mar 5, 2007 7:37am
OK, went long at 9215 on that recovery from below 9200. Damn I hate going counter trend but my indicators are screaming BUY!! Tight stop at 9189. Target 9260.
  • #7,717
  • Mar 5, 2007 7:44am Mar 5, 2007 7:44am
These are 'Character Building' moments.
  • #7,718
  • Mar 5, 2007 7:49am Mar 5, 2007 7:49am
Quoting PipVip
These are 'Character Building' moments.
Sphincter testing as well
  • #7,719
  • Mar 5, 2007 7:50am Mar 5, 2007 7:50am
Quoting wep561
OK, went long at 9215 on that recovery from below 9200. Damn I hate going counter trend but my indicators are screaming BUY!! Tight stop at 9189. Target 9260.
WOW that's going to be scary. I'd be worried about the 20SMA in front of the price on the 15M chart. I just took an 8 pip hit on USDJPY, I'll have another go later.
  • #7,720
  • Mar 5, 2007 7:59am Mar 5, 2007 7:59am
Quoting 17121712
WOW that's going to be scary. I'd be worried about the 20SMA in front of the price on the 15M chart. I just took an 8 pip hit on USDJPY, I'll have another go later.
Yeah your right. But 20sma's are made to be broken. I just see less short term risk (at this point it time) on the long side. But that can change very quickly though. If this 1 hour bar closes above 9210 I think we have a temporary bottom.
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