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Cable Update (GBPUSD)

  • #126,821
  • Mar 17, 2009 7:04am Mar 17, 2009 7:04am
Quoting Amirshad
WAS I RIGHT..!!!???
u R ONLY A LITTLE CHICK , NOT ANY MORE....!!!!!!
Hehehehe nice and polite words, are u moslem? If u are, and i believe you will not write like that.....

Anyway, still believe price will move to 1.4162 before go down to at least 1.3939 ?

Salam,

KG
  • #126,822
  • Mar 17, 2009 7:06am Mar 17, 2009 7:06am
[quote=PipLand;2608532][quote=Barny;2608504]

That ties in nicely PIP with the head towards 13500 of cable. That will be the wash and rinse before the $ starts to fall big time. Unfortunately some say this bottoming process for Cable could take some time, maybe until November
I hope not!!
  • #126,823
  • Mar 17, 2009 7:09am Mar 17, 2009 7:09am
Quoting PipLand
lol I was just about to say I dont expect it today until i looked up at my screen LOL
Therefore the day closing time will be crucial !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #126,824
  • Mar 17, 2009 7:10am Mar 17, 2009 7:10am
I'll try to learn your chart slowly if you post the cahrt gain...

Quoting manize
Hahahahahaha .... too much lines ? Please identify, you will see that the lines are the resistance and support ! Many of them a strong supp/res or weak !
Gold is Money but Money is not Gold
  • #126,825
  • Mar 17, 2009 7:11am Mar 17, 2009 7:11am
i hope the news will be bad!
go bear go!

happy pips to all
  • #126,826
  • Mar 17, 2009 7:15am Mar 17, 2009 7:15am
Quoting uut
i hope the news will be bad!
go bear go!

happy pips to all
Hello,
Please correct me if i am wrong. If the news from US is bad, will it not push it back up. I hope the bears do not get slaughtered again !
A Candle loses nothing by lighting another
  • #126,827
  • Mar 17, 2009 7:15am Mar 17, 2009 7:15am
Holding at support level on the 4hr. Short at 4013
  • #126,828
  • Mar 17, 2009 7:17am Mar 17, 2009 7:17am
Quoting muthusai2000
Hello,
Please correct me if i am wrong. If the news from US is bad, will it not push it back up. I hope the bears do not get slaughtered again !
http://www.forexfactory.com/images/icons/icon14.gifyes

I would love to see a 3500 ish and then a upward swing after that point
  • #126,829
  • Mar 17, 2009 7:19am Mar 17, 2009 7:19am
see chart with target
Attached Image (click to enlarge)
Click to Enlarge Name: gh.gif Size: 51 KB
{Promotion Removed}
  • #126,830
  • Mar 17, 2009 7:20am Mar 17, 2009 7:20am
No man

Due to Risk Avergtion,,,if bad news the Dollar will be more stringthing,,,,and Euro and Cable will go down


quote=muthusai2000;2608581]Hello,
Please correct me if i am wrong. If the news from US is bad, will it not push it back up. I hope the bears do not get slaughtered again ![/quote]
  • #126,831
  • Mar 17, 2009 7:24am Mar 17, 2009 7:24am
Quoting derek
see chart with target
Attached Thumbnails http://www.forexfactory.com/attachme...1&d=1237292382

Nice! Thank you always
  • #126,832
  • Mar 17, 2009 7:29am Mar 17, 2009 7:29am
[quote=Barny;2608560][quote=PipLand;2608532]
Quoting Barny

That ties in nicely PIP with the head towards 13500 of cable. That will be the wash and rinse before the $ starts to fall big time. Unfortunately some say this bottoming process for Cable could take some time, maybe until November
I hope not!!
yeah im seriously thinking about loading up some long term longs around 3500 level.

I would be very surprised if this goes on until november but stranger things have happened. If we dont break out of the trend before then we will no doubt be carving out new lows as the channel is sloping downwards.

I hope i get my self into a nice position before the $ sell off really does start !
  • #126,833
  • Mar 17, 2009 7:32am Mar 17, 2009 7:32am
Just out of interest, the recent move down is virtually the same length as the move down from yesterdays high thus forming an A-B-C. This is usually bullish so we need to watch to see if we get a significant retracement now.
Aslo high 1.618. a 786 and a 786 Fib Fan and now a 15m doji as I write
  • #126,834
  • Mar 17, 2009 7:37am Mar 17, 2009 7:37am
Quoting Abuawad
Ahleen Mohammad,

here are my targets in Yellow...
Halla Abu Awad, when do you see your targets being hit.
Shukran, Ahmad Abu Shehab
  • #126,835
  • Mar 17, 2009 7:41am Mar 17, 2009 7:41am
The news was mostly good sending equities higher and cable bouncing off support. However the news wasnt fantastic and I would be surprised if it was enough to turn around the bearish sentiment in the market already today but we'll have to wait and see for now
  • #126,836
  • Mar 17, 2009 7:42am Mar 17, 2009 7:42am
Quoting muthusai2000
Hello,
Please correct me if i am wrong. If the news from US is bad, will it not push it back up. I hope the bears do not get slaughtered again !
some people here taught me about risk aversion!!

ilove this forum.

so holding shotr or?
  • #126,837
  • Mar 17, 2009 7:48am Mar 17, 2009 7:48am
Quoting uut
some people here taught me about risk aversion!!

ilove this forum.

so holding shotr or?
I am holding on shorts. Once the ripples from news clears up. I see cable moving deep down south. Again...we never know until it happens. Keeping fingers crossed.
A Candle loses nothing by lighting another
  • #126,838
  • Mar 17, 2009 8:05am Mar 17, 2009 8:05am
Quoting abbassi
Halla Abu Awad, when do you see your targets being hit.
Shukran, Ahmad Abu Shehab
i hope by this week....
  • #126,839
  • Mar 17, 2009 8:13am Mar 17, 2009 8:13am
GU m15
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 21 KB
  • #126,840
  • Mar 17, 2009 8:14am Mar 17, 2009 8:14am
Quoting mphpopular
GU m15
who can hold the brusher of diving
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