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Cable Update (GBPUSD)

  • #8,501
  • Mar 19, 2007 2:24am Mar 19, 2007 2:24am
R: 1.9440 / 1.9490 / 1.9512
S: 1.9400 / 1.9370
GBP-USD rallied to a high of 1.9507 last week but has come back down, as the pair is under pressure as suggested buy a falling GBP against the EUR. Now the GBP-USD has a strong Resistance at 1.9532, which comes on the trendline on the daily joining the highs of 1.9917 (23-Jan) and 1.9675 (27-Feb). If that is crossed then there could be a rally towards 1.9800 in the coming weeks. Unless this 1.9532 is crossed, the pair could stay under pressure.
For today the Resistance for the pair would come in at 1.9440 and then at 1.9490. The statistically projected Max High for the day is at 1.9514. On the downside the Support is at 1.9400 and then at 1.9370. The bias for the pair is neutral.
"Trade for sake of trading & not for winning or Lossing"
  • #8,502
  • Mar 19, 2007 4:14am Mar 19, 2007 4:14am
thx honaforex,...need to comment brokers opinions here,..i hate them to say that now is neutral,...when it will be at devils again,..it will be all cristal like hell....i already hear they voice, buy at 595 for target 700 (excelent,..we go long), and the thing will go down to 510 before another atempt, and then they will say sell at 600 for target 450 (we go short, excellent,...), and the thing will fly to 777...they must be doing that on purpose,...i dont see any other reasons, well who would know about forex better then brokers,....
its just money
  • #8,503
  • Mar 19, 2007 4:57am Mar 19, 2007 4:57am
Quoting de123
thx honaforex,...need to comment brokers opinions here,..i hate them to say that now is neutral,...when it will be at devils again,..it will be all cristal like hell....i already hear they voice, buy at 595 for target 700 (excelent,..we go long), and the thing will go down to 510 before another atempt, and then they will say sell at 600 for target 450 (we go short, excellent,...), and the thing will fly to 777...they must be doing that on purpose,...i dont see any other reasons, well who would know about forex better then brokers,....
Lol they will tell U wat is right now & after hour they feel this is right & so on...............bcos market keep on changing has its law of nature to change..........therefore they try their best to unfold market which is contianeous process...............No one to blame but to blame ourself bcos we r our self not able unfold the market...................sure we will do soon............All the best
"Trade for sake of trading & not for winning or Lossing"
  • #8,504
  • Mar 19, 2007 5:18am Mar 19, 2007 5:18am
Lousy ranging Monday on the horizon?

  • #8,505
  • Mar 19, 2007 5:29am Mar 19, 2007 5:29am
Currently short from Friday (9495). Looking to t/p and take a long at 9390. If we can make it there.
  • #8,506
  • Mar 19, 2007 5:35am Mar 19, 2007 5:35am
Quoting wep561
Currently short from Friday (9495). Looking to t/p and take a long at 9390. If we can make it there.
1.9390 was already hit earlier today, ~1+ hr after market opened.
Tra-X
  • #8,507
  • Mar 19, 2007 5:43am Mar 19, 2007 5:43am
Hard to understand what is driving the market this morning. Euro is going down, but apparently there's no dollar buyout. Double zeros holding carries as support.

Euro is very weird. Opened Frankfurt at 3294, travelled to 3318 and is pushing below Fra open now...
  • #8,508
  • Mar 19, 2007 5:49am Mar 19, 2007 5:49am
Quoting Traex
1.9390 was already hit earlier today, ~1+ hr after market opened.
Yeah, should have reversed then but didn't.
  • #8,509
  • Mar 19, 2007 7:04am Mar 19, 2007 7:04am
Quoting cesarnc
Lousy ranging Monday on the horizon?

  • #8,510
  • Mar 19, 2007 8:23am Mar 19, 2007 8:23am
U.S. Stock-Index Futures Rise on Takeovers; ServiceMaster Gains
By Sarah Thompson and Eric Martin
March 19 (Bloomberg) -- U.S. stock-index futures rose as takeovers bolstered perceptions that stocks remain inexpensive relative to earnings and traders increased bets that the Federal Reserve will cut interest rates.



Full Story
  • #8,511
  • Mar 19, 2007 9:31am Mar 19, 2007 9:31am
[FOCUS COMMENT] - In the wake of China's tightening of the monetary policy reins we have seen specs showing far more comfort with the much vaunted carry trade. As expected the better tone for carry has worked to underpin the Pound which has been hard pressed through the last couple of weeks
  • #8,512
  • Mar 19, 2007 10:45am Mar 19, 2007 10:45am
TPing 2/3 from 9425... WHATTA LOUSY DAY....

Buy limits at 9430 & 9404 / EURO 3284.
  • #8,513
  • Mar 19, 2007 11:42am Mar 19, 2007 11:42am
Quoting cesarnc
TPing 2/3 from 9425... WHATTA LOUSY DAY....

Buy limits at 9430 & 9404 / EURO 3284.
Euro buy missed by 5 pips.... A classic...

Where the hell is everybody?
  • #8,514
  • Mar 19, 2007 11:44am Mar 19, 2007 11:44am
Quoting cesarnc
Euro buy missed by 5 pips.... A classic...

Where the hell is everybody?
Better to have some sleep while cable is sleeping too. Calm before the storm.
Tra-X
  • #8,515
  • Mar 19, 2007 11:46am Mar 19, 2007 11:46am
guys since u know the language can u explain the word nosedive...what a stupid word by the way...

The index has rebounded from 30 back in October 2006 but a lot of worries persist that it'll nosedive again soon.
its just money
  • #8,516
  • Mar 19, 2007 11:52am Mar 19, 2007 11:52am
Quoting de123
guys since u know the language can u explain the word nosedive...what a stupid word by the way...

The index has rebounded from 30 back in October 2006 but a lot of worries persist that it'll nosedive again soon.
Imagine an airplane pointing its nose down...

BTW, what a f$#$ is nosediving?
  • #8,517
  • Mar 19, 2007 11:55am Mar 19, 2007 11:55am
Nosedive means a strong downmove, like a plane which flying vertical down.
------

Strong resistance at 1.9460 in daily chart:
http://img59.imageshack.us/img59/6010/15min3wq8.gif
  • #8,518
  • Mar 19, 2007 11:59am Mar 19, 2007 11:59am
Quoting cesarnc
Imagine an airplane pointing its nose down...

BTW, what a f$#$ is nosediving?
ˈnosedive noun
a dive or fall with the head or nose first
Example: The aeroplane did a nosedive into the sea. Arabic: إنْقِضاض رأسي، سُقوط رَأسي Chinese (Simplified): 俯冲 Chinese (Traditional): 俯沖 Czech: let střemhlav Danish: styrtdyk Dutch: duikvlucht Estonian: pikeerimine Finnish: pystysyöksy French: piqué German: der Sturzflug Greek: βουτιά με τη μύτη Hungarian: zuhanórepülés Icelandic: dÿfa Indonesian: tukikan Italian: (discesa, *caduta in) picchiata* Japanese: 急降下 Korean: 급강하 Latvian: pikēšana Lithuanian: pikiravimas, kritimas Norwegian: stup Polish: pikowanie Portuguese (Brazil): mergulho Portuguese (Portugal): mergulho Romanian: picaj Russian: крутое пике Slovak: let strmhlav Slovenian: pikiranje Spanish: picado Swedish: dykning Turkish: baş aşağı dalış, balıklama dalış
Tra-X
  • #8,519
  • Mar 19, 2007 12:03pm Mar 19, 2007 12:03pm
I tend to agree w/ bullish starting from 0500 (beginning of bar time, EST) 4-hr-bar early this morn, but if its not Trend this time it be a fizzle-out (puny gain or very minor loss). This from my 7 months paper-testing up to now that has proven out. (not that I'm any guru, just a beginner's stab at "explanation"). In fact I've started 1-mini based on this. (that's all the size my beginner's account can take with 80 pip stop-loss! LOL) [did I use the word "beginner's" enough? LOL]

jerry
  • #8,520
  • Mar 19, 2007 12:08pm Mar 19, 2007 12:08pm
What a crappy lame duck day! Maybe London open tomorrow will be able to put some pips in my pot.
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