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Cable Update (GBPUSD)

  • #9,001
  • Mar 23, 2007 10:03am Mar 23, 2007 10:03am
Quoting Traex
Of course, there are 15 posts per page.

Coincidentally, cable is at around 9600 [9000 + 600] also now.
Nope... I meant

page 600 / post 9000 = 0.066666666666666666666666666666666666666

  • #9,002
  • Mar 23, 2007 10:28am Mar 23, 2007 10:28am
The omen back again today ?
I Deeply Love My Virtual Life In Virtual World , RLC
  • #9,003
  • Edited 11:24am Mar 23, 2007 10:37am | Edited 11:24am
Quoting leelee75k
well I just keep making my average lower. probably go into the weekend with my base of 2 euro longs..big stop, big limit and see what happens.

hope you all have a great weekend
My last euro long was already kicked out of existence yesterday lol. Got stopped with few profit.

Oh well, I guess that's all for the week. Enjoy your weekend, everyone.
Tra-X
  • #9,004
  • Mar 23, 2007 11:26am Mar 23, 2007 11:26am
All the commotion to get back to mid-96s.

Overall if I had left my overall positions untouched throughout the hole mess i'd be exactly where I was by y'day evening... Got well flushed out of the market.

For those who don't understand it, it's called F'n Friday.
  • #9,005
  • Mar 23, 2007 11:28am Mar 23, 2007 11:28am
Quoting cesarnc
For those who don't understand it, it's called F'n Friday.
F'n? What's that? I know F&N is a softdrink brand.
Tra-X
  • #9,006
  • Mar 23, 2007 12:11pm Mar 23, 2007 12:11pm
Quoting Traex
F'n? What's that? I know F&N is a softdrink brand.
It's not a drink, not a brand and definitely, not soft.
  • #9,007
  • Mar 23, 2007 12:18pm Mar 23, 2007 12:18pm
Quoting cesarnc
It's not a drink, not a brand and definitely, not soft.
Not a drink = food, not a brand = ?, not soft = hard. Oke I got it.
Tra-X
  • #9,008
  • Mar 23, 2007 12:37pm Mar 23, 2007 12:37pm
Here is my technical view for the cable
http://www.imagefreehost.com/files/2...1410065408.gif
  • #9,009
  • Mar 23, 2007 12:55pm Mar 23, 2007 12:55pm
Quoting cesarnc
It's not a drink, not a brand and definitely, not soft.
Thats what she said.
  • #9,010
  • Mar 23, 2007 1:02pm Mar 23, 2007 1:02pm
Quoting TheCable
Here is my technical view for the cable
Interesting and likely... So many times I've seen the market fighting a WAR like today trying to keep the price contained in the top (or bottom) to open the gates on the day after for no apparently reason...
  • #9,011
  • Mar 23, 2007 1:06pm Mar 23, 2007 1:06pm
Quoting cesarnc
Interesting and likely... So many times I've seen the market fighting a WAR like today trying to keep the price contained in the top (or bottom) to open the gates on the day after for no apparently reason...
Tha last news from the real estate sector in the USA were good.There is a chance,that the sector will come out from the crisis without external help.
I'll post also my elliott view
  • #9,012
  • Mar 23, 2007 1:10pm Mar 23, 2007 1:10pm
http://www.imagefreehost.com/files/2...1410065408.jpg
  • #9,013
  • Mar 23, 2007 1:14pm Mar 23, 2007 1:14pm
Quoting TheCable
Here is my technical view for the cable
not so far fetched.

what are you using. the monteki method? how's that working out for you.
BAM BAM BOOM! -bravado
  • #9,014
  • Mar 23, 2007 1:16pm Mar 23, 2007 1:16pm
Let's play with the lines.

PS The near-flat trendline is a multi-year trendline.
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Tra-X
  • #9,015
  • Mar 23, 2007 1:16pm Mar 23, 2007 1:16pm
However we are bullish on the monthly chart,but the time for big sell off will come shortly.
Until we stay above 1.8834 we are more bullish,than bearish,but we need to retest this level to ensure the rest of the uptrend.
If we fale to go under 1.8834 there is a chance to fast and powerfull uptrend,which will help us to go above 2.0.
Gl GT
  • #9,016
  • Mar 23, 2007 1:24pm Mar 23, 2007 1:24pm
Quoting TheCable
Tha last news from the real estate sector in the USA were good.There is a chance,that the sector will come out from the crisis without external help.
I'll post also my elliott view

Lol Elliot guys r sleeping this week...........so post ur chart i m eager to see bcos i have allready posted mine long back u can see the past post...................Well i believe we will see 830 before going down ...........
"Trade for sake of trading & not for winning or Lossing"
  • #9,017
  • Mar 23, 2007 1:26pm Mar 23, 2007 1:26pm
Quoting TheCable
However we are bullish on the monthly chart,but the time for big sell off will come shortly.
Until we stay above 1.8834 we are more bullish,than bearish,but we need to retest this level to ensure the rest of the uptrend.
If we fale to go under 1.8834 there is a chance to fast and powerfull uptrend,which will help us to go above 2.0.
Gl GT
I don't get it... We just travelled 500 pips up backed on fundamentals. GBP is high backed strong CPI, Retail Sales and ultimately on expectations of a rate hike in April, insteady of May. No reason for Bears-out. Retracement yes, but calling the Bears right now is scary.

It was this freaking FED screw up that brought the witches in. Today was the negotiation to find out what's the price for "GBP and USD up sentiment" at the same time.

Quick trip to low 95s or high 94s will find buyers to price this hike in before April says hello...

Then comes the no-hike and then comes the selloff...
  • #9,018
  • Mar 23, 2007 1:32pm Mar 23, 2007 1:32pm
Here's my longterm count. A possible wave 5 peak has been formed (1.9915). That's why I'm already bearish in cable view, as opposed to cesarnc lol.
Going back to 1.7+ area next year, then rising back to 1.95 area ~2 years later is a possibility. Anyway if cable blasts thru 1.9915 the count is likely to be false. We'll see tho.

PS HonaForex, I'm not sleeping lol.
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Tra-X
  • #9,019
  • Mar 23, 2007 1:56pm Mar 23, 2007 1:56pm
Quoting HonaForex
Lol Elliot guys r sleeping this week...........so post ur chart i m eager to see bcos i have allready posted mine long back u can see the past post...................Well i believe we will see 830 before going down ...........
You can see my view on page 601
  • #9,020
  • Mar 23, 2007 1:57pm Mar 23, 2007 1:57pm
Quoting Traex
Here's my longterm count. A possible wave 5 peak has been formed (1.9915). That's why I'm already bearish in cable view, as opposed to cesarnc lol.
Going back to 1.7+ area next year, then rising back to 1.95 area ~2 years later is a possibility. Anyway if cable blasts thru 1.9915 the count is likely to be false. We'll see tho.

PS HonaForex, I'm not sleeping lol.
I'm not gonna wait a year to figure this out.

It can be huge-term bearish and hit 9800 on Monday no problem. I just prefer trading the overall market sentiment backed on short term (weekly/monthly) fundamentals rather than trade techis.

The only tech I'm bound to trade right now is the retracement from low high 9211 / 9726. Scalping the way down, build long inventories at the fibos, eyes on fundies.

That's what I'm on:
- downwards channel (from 9913) broken
- upper channel's trendline - resistance turned into support
- channel's trendline + 4h 250EMA + 38 % fibo converging to the same area: low 95s / high 94s -> AK-47 DEFENDED SUPPORT

This is not what I THINK WILL HAPPEN. This likely heavy support area at 94-95 is key to define direction. I'm gonna watch what is gonna happen when prices hit this area... I'd say bounce and rock'n'roll

I still don't believe in a straight shoot up from here.. But who knows?
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