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Cable Update (GBPUSD)

  • #9,781
  • Apr 3, 2007 12:17pm Apr 3, 2007 12:17pm
We'll that convinces me, I think we have just established a new trendline down. If it touches again, I'm shorting.
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  • #9,782
  • Apr 3, 2007 12:32pm Apr 3, 2007 12:32pm
Quoting PipVip
We'll that convinces me, I think we have just established a new trendline down. If it touches again, I'm shorting.
there is a good support @ 9730. might take effort to break below.
BAM BAM BOOM! -bravado
  • #9,783
  • Apr 3, 2007 12:52pm Apr 3, 2007 12:52pm
Quoting bravado
there is a good support @ 9730. might take effort to break below.
lets make that 9710~30.
BAM BAM BOOM! -bravado
  • #9,784
  • Apr 3, 2007 12:55pm Apr 3, 2007 12:55pm
Quoting bravado
lets make that 9710~30.
And the Lady Greed finally shows up....
  • #9,785
  • Apr 3, 2007 12:58pm Apr 3, 2007 12:58pm
short from 9815->9740. tp reached.
BAM BAM BOOM! -bravado
  • #9,786
  • Apr 3, 2007 1:00pm Apr 3, 2007 1:00pm
looking to long cable from 9710~30 area. need more price action.
possibly during asian or london session.
BAM BAM BOOM! -bravado
  • #9,787
  • Apr 3, 2007 1:01pm Apr 3, 2007 1:01pm
Quoting cesarnc
And the Lady Greed finally shows up....
i'm out of the trade. but true, i am greedy. greed controls me.
BAM BAM BOOM! -bravado
  • #9,788
  • Apr 3, 2007 1:03pm Apr 3, 2007 1:03pm
Quoting bravado
short from 9815->9740. tp reached.
nice one...I got out a bit early at 9745...supper time, food and rioja now assuming a greater importance....finished till the Frankfurters wake up
Trading Levels with WRBs
  • #9,789
  • Apr 3, 2007 1:14pm Apr 3, 2007 1:14pm
Quoting bravado
i'm out of the trade. but true, i am greedy. greed controls me.
I'm the father of greed. Only took 1st profit so far, 3 more to go. Going off for now.
Tra-X
  • #9,790
  • Apr 3, 2007 1:37pm Apr 3, 2007 1:37pm
Talk of a 1.9825 barrier being defended earlier served to send [CABLE] smartly back below 1.9800, the move aided by the east European CB so active in Gbp/Jpy recently turning seller. The cross has, though, followed the other Jpy crosses higher, with Gbp sentiment broadly propped ahead of Thurs" MPC rate announcement. If anything, the recent selloff in Short-Stg poses a risk should the Bank not move, the futures strip almost pricing in no less than two hikes as early as this month. That may couple with what are expected to be a regular layering of barriers in Cable ahead of the all-important 2.0 level to continue to cap the upside. Note, though, that contacts are reporting little of the long termer selling which so characterised the pushes towards here around the turn of the year. That suggests the conditions may be ripe for an eventual push, particularly given that any negative reaction to no hike this week will be quickly swamped by expectations of a move in May. To the downside, stops are expected under 1.9740.
  • #9,791
  • Apr 3, 2007 1:48pm Apr 3, 2007 1:48pm
Quoting cesarnc
Talk of a 1.9825 ... expected under 1.9740.
interesting.
BAM BAM BOOM! -bravado
  • #9,792
  • Apr 3, 2007 1:58pm Apr 3, 2007 1:58pm
Quoting bravado
looking to long cable from 9710~30 area. need more price action.
possibly during asian or london session.
I am with you. Take about 50 pips profit from here. Probably it would revisit 1.9820~30.
  • #9,793
  • Apr 3, 2007 2:07pm Apr 3, 2007 2:07pm
Quoting mktjong
I am with you. Take about 50 pips profit from here. Probably it would revisit 1.9820~30.
Me, too.... It is not Cable if it doesn't sink to kill the last dog at 9720/00
  • #9,794
  • Apr 3, 2007 9:10pm Apr 3, 2007 9:10pm
long cable @ 9720
BAM BAM BOOM! -bravado
  • #9,795
  • Apr 3, 2007 9:33pm Apr 3, 2007 9:33pm
Quoting bravado
long cable @ 9720
Me too http://www.forexfactory.com/images/icons/icon7.gif, let's see how far it would go http://www.forexfactory.com/images/icons/icon2.gif 1.98.. maybe. http://www.forexfactory.com/images/icons/icon14.gif
  • #9,796
  • Apr 3, 2007 9:49pm Apr 3, 2007 9:49pm
Quoting bravado
long cable @ 9720
sl=9705. tp=pending.
BAM BAM BOOM! -bravado
  • #9,797
  • Apr 3, 2007 9:50pm Apr 3, 2007 9:50pm
Quoting mktjong
Me too http://www.forexfactory.com/images/icons/icon7.gif, let's see how far it would go http://www.forexfactory.com/images/icons/icon2.gif 1.98.. maybe. http://www.forexfactory.com/images/icons/icon14.gif
we'll see.
BAM BAM BOOM! -bravado
  • #9,798
  • Apr 3, 2007 9:56pm Apr 3, 2007 9:56pm
Quoting mktjong
Me too http://www.forexfactory.com/images/icons/icon7.gif, let's see how far it would go http://www.forexfactory.com/images/icons/icon2.gif 1.98.. maybe. http://www.forexfactory.com/images/icons/icon14.gif
i see some resistance at 9775. if it breaks above that, ~9830 should be good to get.
BAM BAM BOOM! -bravado
  • #9,799
  • Apr 3, 2007 11:16pm Apr 3, 2007 11:16pm
Quoting bravado
i see some resistance at 9775. if it breaks above that, ~9830 should be good to get.
Yup, somewhere around 9775 - 9785. Let's see .. keep finger cross http://www.forexfactory.com/images/icons/icon7.gif
  • #9,800
  • Apr 4, 2007 12:08am Apr 4, 2007 12:08am
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.

I stick to it even though i did adjust a bit and gain a bit by going short. I still
believe it will go to 1.9900 or just past.

When forecasting the fx market you must first realize there is no market........oh crap I've seen the matrix one 2 many times.
Fear is the mind killer.
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