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Cable Update (GBPUSD)

  • #9,701
  • Apr 2, 2007 10:40am Apr 2, 2007 10:40am
Guys .well i have posted my elliot wave chart long back,accorrding to me Journey from 9210 to 9800 is complete therefore we should see correction in coming days to 480/510.....................its just my site ahead..........
"Trade for sake of trading & not for winning or Lossing"
  • #9,702
  • Apr 2, 2007 10:45am Apr 2, 2007 10:45am
Quoting netzorro
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)."

thanks, netzorro...pretty interesting.
  • #9,703
  • Apr 2, 2007 10:57am Apr 2, 2007 10:57am
The high from 1.9730 now completed after 1.9800 rejection. There will be a big turn lower now. Enter short position at 1.9795 without stop loss
  • #9,704
  • Apr 2, 2007 11:38am Apr 2, 2007 11:38am
what i actually meant was that a drop might not happen right away, but it's a possibility to consider in the near future because right now i'm seeing this pair as overbought from h1 to d1. and rsi is starting to turn down.
but i don't know if it's a good moment to use technicals...

Quoting dswk
.... for sure.
One day or antoher.

Btw all indicators show an high overbought....
Nihil Sine Deo.
  • #9,705
  • Apr 2, 2007 11:40am Apr 2, 2007 11:40am
So far only 23.6% retrace from 1.9800..
Got a feeling to test 1.9831, before can take a short position..
  • #9,706
  • Apr 2, 2007 12:05pm Apr 2, 2007 12:05pm
Quoting pachinko
So far only 23.6% retrace from 1.9800..
Got a feeling to test 1.9831, before can take a short position..
I'm on this one... Not shorting Cable at pre-hike tension even if Jesus, Mohammed and Buddha come here and order me to
  • #9,707
  • Apr 2, 2007 12:12pm Apr 2, 2007 12:12pm
I spy with my forex glass eye, a move up to 1.9900 by Wednesday. I cant imagine the BoE not raising rates.
Fear is the mind killer.
  • #9,708
  • Apr 2, 2007 12:14pm Apr 2, 2007 12:14pm
Quoting Spineynorman
I spy with my forex glass eye, a move up to 1.9900 by Wednesday. I cant imagine the BoE not raising rates.
Bulls dying from spontaneous combustion
  • #9,709
  • Apr 2, 2007 12:29pm Apr 2, 2007 12:29pm
hey guyz i have been 5 months planning this thing that can make 750$ capital to 1 million $$$ in 40 workin dayz but it needs a group and a good one not that good but a good one, any one wanna join plz add me on
[email protected]
or
[email protected]
both msngr

and we can talk more on how to make this thing happen, as u noticed its not an adventure of money but mostly and adventure of a life time 40 workin dayz only lookin for a few pips and makin the dream come real "good life"
plz this is not an add to anything this is a plan i made and lookin forward to share to make the most of it .
  • #9,710
  • Apr 2, 2007 12:31pm Apr 2, 2007 12:31pm
Quoting pachinko
So far only 23.6% retrace from 1.9800..
Got a feeling to test 1.9831, before can take a short position..
i'm more with you on this one then shorts.

i'm looking at cable to reach 9820 area before considering short.
9730~40 could be a good area to go long depending.

as always, if there is a good reason to go short before it breaks 9800, i'll take it.
BAM BAM BOOM! -bravado
  • #9,711
  • Apr 2, 2007 12:32pm Apr 2, 2007 12:32pm
let see a second test of 1.9770 right now, perhaps can penetrate down to 50%..
bearish pressure seem to me increasing, as the time correction taking place..
  • #9,712
  • Apr 2, 2007 12:35pm Apr 2, 2007 12:35pm
Quoting pachinko
let see a second test of 1.9770 right now, perhaps can penetrate down to 50%..
bearish pressure seem to me increasing, as the time correction taking place..
not convinced.
BAM BAM BOOM! -bravado
  • #9,713
  • Apr 2, 2007 12:38pm Apr 2, 2007 12:38pm
hey guyz by the way this plan am talkin about does not need sharing money or sending money 2 each other. everybody works on his own account but with the same deal or view even points but needs brain storming ideas to manage it and it needs a few pips to achive it not alot and belive me its gooooooood so plz guyz come on lets talk about it .
  • #9,714
  • Apr 2, 2007 12:41pm Apr 2, 2007 12:41pm
Quoting pip hustla
hey guyz i have been 5 months planning this thing that can make 750$ capital to 1 million $$$ in 40 workin dayz but it needs a group and a good one not that good but a good one, any one wanna join plz add me on
[email protected]
or
[email protected]
both msngr

and we can talk more on how to make this thing happen, as u noticed its not an adventure of money but mostly and adventure of a life time 40 workin dayz only lookin for a few pips and makin the dream come real "good life"
plz this is not an add to anything this is a plan i made and lookin forward to share to make the most of it .
I guess the Advertising Speech was too strong.... 750 - 1,000,000 in 40 days...

I'm still trying to figure out how this scheme is going to rip me off.
  • #9,715
  • Apr 2, 2007 12:55pm Apr 2, 2007 12:55pm
Quoting cesarnc
I guess the Advertising Speech was too strong.... 750 - 1,000,000 in 40 days...

I'm still trying to figure out how this scheme is going to rip me off.
do u really think that then try me u wont loose a thing just add me on the msngr and we will talk about it, i am very serious i need good ppl to achive this, so bring it on
  • #9,716
  • Apr 2, 2007 12:56pm Apr 2, 2007 12:56pm
Quoting pip hustla
do u really think that then try me u wont loose a thing just add me on the msngr and we will talk about it, i am very serious i need good ppl to achive this, so bring it on
Freaking GREEEEEDDDDD is here, shouting at me "ADD THIS GUY... NOW!!!!!"

  • #9,717
  • Apr 2, 2007 12:57pm Apr 2, 2007 12:57pm
am not talkin shit am for real we need to make an online group not a thread to manage this thing so plz add to talk
  • #9,718
  • Apr 2, 2007 1:10pm Apr 2, 2007 1:10pm
Quoting pip hustla
am not talkin shit am for real we need to make an online group not a thread to manage this thing so plz add to talk
Tell me story about your plan.........

make me sure first.
I Deeply Love My Virtual Life In Virtual World , RLC
  • #9,719
  • Apr 2, 2007 1:11pm Apr 2, 2007 1:11pm
Quoting HonaForex
Guys .well i have posted my elliot wave chart long back,accorrding to me Journey from 9210 to 9800 is complete therefore we should see correction in coming days to 480/510.....................its just my site ahead..........
I'm seeing a weekly close above 1.9800 this week, maybe a try for 1.2000, but a failure. Then a run for the Gap (1.9363) I pointed out in an earlier post in the weeks to come. Weekly chart so the run down will not be straight away, but it will cycle down. I know that some don't put any stock in Gaps and the fact that they will be filled at some point. But I have been watching them on the longer term charts for 2yrs and have always seen them filled at some point. This is not a trading system or stragety, but just something I watch for possible targets longer term.

http://www.forexfactory.com/images/misc/progress.gif

  • #9,720
  • Apr 2, 2007 1:11pm Apr 2, 2007 1:11pm
Look the chart & give ur opion on this..............Just do not see & keep mum.................thanks in advance


Shivaji
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