Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#9,681
Apr 2, 2007 7:51am Apr 2, 2007 7:51am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

Quoting Traex

Disliked

Chickens might be the ones who survive tho.

Ignored

And buyers the ones who will afford buying the eggs...

#9,682
Apr 2, 2007 7:55am Apr 2, 2007 7:55am

59fender
| Joined Jul 2006 | Status: Trader | 1,364 Posts

weekly resitance comes in at 1.9787

#9,683
Apr 2, 2007 7:56am Apr 2, 2007 7:56am

rav700
| Joined May 2006 | Status: Fund Manager | 202 Posts

Is there even a possibility that cable will retrace back to the 600 zone??????????

#9,684
Apr 2, 2007 8:03am Apr 2, 2007 8:03am

Scrat
Joined Jan 2007 | Status: Trader | 3,719 Posts

maybe not right now... but there's always a possibility.

Quoting rav700

Disliked

Is there even a possibility that cable will retrace back to the 600 zone??????????

Ignored

Nihil Sine Deo.

#9,685
Apr 2, 2007 8:13am Apr 2, 2007 8:13am

bravado
| Joined Aug 2006 | Status: BORED trader | 2,388 Posts

Quoting rav700

Disliked

Is there even a possibility that cable will retrace back to the 600 zone??????????

Ignored

it's going to have to go below 9730 first, but it's likely before that cable will break through 9800 first.

wait and see what ISM will do.

BAM BAM BOOM! -bravado

#9,686
Apr 2, 2007 8:16am Apr 2, 2007 8:16am

dswk
Joined Feb 2006 | Status: Pips Pod... | 1,611 Posts

Quoting Scrat

Disliked

maybe not right now... but there's always a possibility.

Ignored

....

for sure.
One day or antoher.

Btw all indicators show an high overbought....

#9,687
Apr 2, 2007 8:30am Apr 2, 2007 8:30am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

Quoting dswk

Disliked

Btw all indicators show an high overbought....

Ignored

For me, best overbought/oversold indicator during heavy trends is a big fat 4hr pin-bar. Otherwise, market is not giving a damn about it.

A pin bar usually shows strong rejections that make maket change his mind and start taking profits. That's my view...

#9,688
Apr 2, 2007 8:48am Apr 2, 2007 8:48am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

Bad news keep on coming...

In a briefing to the [ISRAELI CABINET] on Sunday, Israeli Maj Gen Yadlin warned that the proliferation of players in the Gulf could ignite a conflict. He said that Iran, Syria, Hizballah and Hamas expect the US to attack Iran over the summer and are preparing to retaliate by going to war with Israel. His comments came one day after Iran's chief of staff Abadi urged the Arabs to hurry up and join Iran in a defense treaty. The Middle East looks set to face a number of months of military instability during which time everyone is braced for the axe to fall. A combined assault would lay Israel open to 4 warfronts and the common weapon to them all: missiles - anti-tank, short range surface, med range ballistic and surface-to-air. Hamas has threatened already to launch a Palestinian uprising against Israel unless the intl blockade is lifted.

#9,689
Apr 2, 2007 8:53am Apr 2, 2007 8:53am

iiivb
| Commercial User | Joined Oct 2006 | 1,158 Posts

do u think israel could use strategic weapons?

#9,690
Apr 2, 2007 9:11am Apr 2, 2007 9:11am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

Quoting iiivb

Disliked

do u think israel could use strategic weapons?

Ignored

it's not what's gonna happen that worries me, "forexwise". It is the fact that instability there brings volatility here, each time in a different way...

Just posted the news so we can be aware that this instability is just increasing.... Holding nasty positions in place are risky.

#9,691
Apr 2, 2007 9:11am Apr 2, 2007 9:11am

details
| Joined Mar 2007 | Status: The watcher | 52 Posts

any informations about poole speech, anyone?

#9,692
Apr 2, 2007 9:19am Apr 2, 2007 9:19am

PipVip
| Joined Feb 2007 | Status: Trader | 299 Posts

Well I'm going long on the USD/JPY. I can't figure out the GBP/USD today.

#9,693
Apr 2, 2007 9:26am Apr 2, 2007 9:26am

Geldmeister
| Joined Jul 2006 | Status: Trader | 280 Posts

Hey Pipvip

Why would you go long on this pair? I have a short signal developing on my charts.

Please explain your reason - I always like to learn more.

Consistency and patience is everything

#9,694
Apr 2, 2007 9:34am Apr 2, 2007 9:34am

PipVip
| Joined Feb 2007 | Status: Trader | 299 Posts

One trend line. If it breaks out, then I exit.

Attached Image

#9,695
Apr 2, 2007 9:47am Apr 2, 2007 9:47am

netzorro
| Joined Oct 2006 | Status: Trader | 14 Posts

Price came within 1 pip of TP so bailed out at 1.9797, +121 chart pips

#9,696
Apr 2, 2007 10:00am Apr 2, 2007 10:00am

netzorro
| Joined Oct 2006 | Status: Trader | 14 Posts

From the pundits, "GBP/USD: Consolidating Gains, UK Rate Hike Risk Underpins] London, April 2. Cable is consolidating two-and-a-half cent gains from Friday"s lows circa 1.9550, with the risk of a 25bp UK base rate hike to 5.5% this Thursday helping underpin. GBP/USD notched a fractionally fresh 10-week peak of 1.9800 after the 14:00GMT disclosure of March"s slightly softer-than-expected US ISM manufacturing index. This came in at 50.9, versus the 51.1 forecast. Noted bull targets north of 1.9800 include 1.9850, 1.9917 (Jan 23, 15-year high) and 2.0000. Exotic option barriers are located at 1.9850, 1.9900, 1.9975, 1.9995, 2.0000 and every 25 pips through 2.0100. A large trigger is also touted up at 2.0200. Sterling support points include 1.9750, 1.9740 (today"s London morning high), 1.9718 (Friday"s top), 1.9698 (today"s Asian session peak), and 1.9664 (today"s Asian session base)."

#9,697
Apr 2, 2007 10:09am Apr 2, 2007 10:09am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

Quoting netzorro

Disliked

From the pundits, "GBP/USD: Consolidating Gains, UK Rate Hike Risk Underpins] London, April 2. Cable is consolidating two-and-a-half cent gains from Friday"s lows circa 1.9550, with the risk of a 25bp UK base rate hike to 5.5% this Thursday helping underpin. GBP/USD notched a fractionally fresh 10-week peak of 1.9800 after the 14:00GMT disclosure of March"s slightly softer-than-expected US ISM manufacturing index. This came in at 50.9, versus the 51.1 forecast. Noted bull targets north of 1.9800 include 1.9850, 1.9917 (Jan 23, 15-year high) and 2.0000. Exotic option barriers are located at 1.9850, 1.9900, 1.9975, 1.9995, 2.0000 and every 25 pips through 2.0100. A large trigger is also touted up at 2.0200. Sterling support points include 1.9750, 1.9740 (today"s London morning high), 1.9718 (Friday"s top), 1.9698 (today"s Asian session peak), and 1.9664 (today"s Asian session base)."

Ignored

Sky's the limit