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Cable Update (GBPUSD)

  • #10,581
  • Apr 17, 2007 11:34pm Apr 17, 2007 11:34pm
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Quoting wshhmm
*I am watching closely if it is top here. It seems FF can't load charts because of virus???*
Sounds so sure this is the climax when most people expect it's not gonna stop here. We're still waiting for the BoE Meeting Minutes, remember? What you gonna do next if it really tops out??:surprised
"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #10,582
  • Apr 17, 2007 11:34pm Apr 17, 2007 11:34pm
Got stucked in the .085-.087 in the asian morning session. The current trend is still bullish. So i agree with cesarnc.. any attempt to fight the bull rite now is suicidal. If its down turn.. we still have lots of pips to catch up. So dont be greedy yet. I think market are waiting for BoE Minutes to see wether the vote for interest rate hike will increase. If so.. I think we should see 2.01 knocking on the door. If not then we will test the 2.0 support one more time.
  • #10,583
  • Apr 17, 2007 11:54pm Apr 17, 2007 11:54pm
Quoting CWH
Sounds so sure this is the climax when most people expect it's not gonna stop here. We're still waiting for the BoE Meeting Minutes, remember? What you gonna do next if it really tops out??:surprised
Is UK economy really that good? commmmon..

we got so speculation here. but just follow the tide. the minutes might tell different story.
  • #10,584
  • Apr 18, 2007 12:09am Apr 18, 2007 12:09am
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Quoting wshhmm
*Is UK economy really that good? commmmon.. we got so speculation here. but just follow the tide. the minutes might tell different story*
Even if cable falls today, it won't fall much. After a while, it will try to hit the 2.01 jackpot again, probably before the market close tomorrow. Its direction remains unclear when the market reopens next week but I really hope it will drop below 2.0 to give us more breathing space before the next assault.

What really intrigues me is the way cable shot to the 2.0 mark in a matter of days.
"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #10,585
  • Apr 18, 2007 12:16am Apr 18, 2007 12:16am
Quoting CWH
Even if cable falls today, it won't fall much. After a while, it will try to hit the 2.01 jackpot again, probably before the market close tomorrow. Its direction remains unclear when the market reopens next week but I really hope it will drop below 2.0 to give us more breathing space before the next assault.

What really intrigues me is the way cable shot to the 2.0 mark in a matter of days.
what do you think crude oil? i am planing to buy here.
  • #10,586
  • Apr 18, 2007 12:47am Apr 18, 2007 12:47am
For short-term considerations, April 20 -- Friday -- is a so-called Bradley turn date. Bradley turns are based on the work of Donald Bradley, an astrologer and author who pioneered the use of astrology as a predictor of financial markets in the late 1940s.
In a nutshell, the theory is that market actions are driven by crowd psychology, which can be affected by planetary alignment. No method is infallible, and Bradley turns are better at calling the dates of turns rather than the direction. Still, Arch Crawford of market timing newsletter Crawford Perspectives recalls that Bradley turns accurately forecast major market bottoms in Octobe 2002 and March 2003.

Just copy interest article from thestreet.com.

it might be $ turnnig, or market turning or somethnig else turning. hehe
  • #10,587
  • Apr 18, 2007 12:48am Apr 18, 2007 12:48am
0091 gave quite a bounce. If it drops enough I'll jump in to join the next test, 0070ish is a spot I'd join the test of the resistance. It's a risky move but I've done it so many times that it's pretty normal for me. Just get my stop to BE as quickly as I can and wait it out to see if it breaks. If it does I'm sitting pretty, if not no real loss. 20 pip cushion is good for a join the test position, 10 is too tight to pull that off or at least too tight for me.
  • #10,588
  • Apr 18, 2007 12:49am Apr 18, 2007 12:49am
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Quoting wshhmm
*what do you think crude oil? i am planing to buy here*
Careful.. : Some fellas in this factory said cable must drop 500pips from here to 1.95 something before a rebound beyond 2.01 can be triggered off!! Wonder if that will really happen..
"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #10,589
  • Apr 18, 2007 12:50am Apr 18, 2007 12:50am
Not much more than ten pips off the first test. Too close for me, I'd rather wait for the break to join then.
  • #10,590
  • Apr 18, 2007 12:52am Apr 18, 2007 12:52am
Can’t comment anything. Don’t know when is the September 8, 1992 turning point happens again??


For now I only can say, OMG, OMG . Anyway, vegas 4hr tunnel trader still waiting for the 4th fib number to hit .
  • #10,591
  • Apr 18, 2007 12:55am Apr 18, 2007 12:55am
Technically the pair is telling me this test won't break. Fundamentally it says something different. The push this morning was the wrong push to get off my longs . Very little retracement to get back in with a better position. Kinda screwed myself a bit. Bummer.... I think it needs to break above 2.0100 for it to be a clean break.
  • #10,592
  • Apr 18, 2007 12:56am Apr 18, 2007 12:56am
Quoting CWH
Careful.. : Some fellas in this factory said cable must drop 500pips from here to 1.95 something before a rebound beyond 2.01 can be triggered off!! Wonder if that will really happen..
now it is rally again. but euro shows a little bit weak.

before it turns, it need to get all shorts killed first. 500 pts seems reasonable for me.
  • #10,593
  • Apr 18, 2007 12:58am Apr 18, 2007 12:58am
i decided to watch, dont have a big depo, dotnt wana loose so fast
  • #10,594
  • Apr 18, 2007 1:00am Apr 18, 2007 1:00am
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Quoting wshhmm
now it is rally again. but euro shows a little bit weak. before it turns, it need to get all shorts killed first. 500 pts seems reasonable for me.
From here to eternity.........
"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #10,595
  • Apr 18, 2007 1:02am Apr 18, 2007 1:02am
Quoting CWH
From here to eternity.........
do you remember last time it got high? too many shorts got killed. and i remembered a guy with 30 accounts almost all got margin call. however, after few hours, all fine. is this time same? i am sure last run usually very crazy for shorts, i mean very painful for shorts.
  • #10,596
  • Apr 18, 2007 1:06am Apr 18, 2007 1:06am
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
Quoting wshhmm
do you remember last time it got high? too many shorts got killed. and i remembered a guy with 30 accounts almost all got margin call. however, after few hours, all fine. is this time same? i am sure last run usually very crazy for shorts, i mean very painful for shorts.
All I heard was the time when cable was pushed to the 2.0 threshold in the 90s, it did not last long..
"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #10,597
  • Apr 18, 2007 1:07am Apr 18, 2007 1:07am
Quoting CWH
All I heard was the time when cable was pushed to the 2.0 threshold in the 90s, it did not last long..
hehe, i hope it last for one more day!

from my chart, 2.0118 might be there and 2.0163 is big resistance according to my theory.
  • #10,598
  • Apr 18, 2007 1:12am Apr 18, 2007 1:12am
Quoting CWH
All I heard was the time when cable was pushed to the 2.0 threshold in the 90s, it did not last long..
The rally start on march and end on September.. The rally quite similar to this rally also but who can tell
  • #10,599
  • Apr 18, 2007 1:14am Apr 18, 2007 1:14am
Keeps inching up one pip at a time. This just might break....in four hours at this rate....
  • #10,600
  • Apr 18, 2007 1:17am Apr 18, 2007 1:17am
Quoting Pipsta
Keeps inching up one pip at a time. This just might break....in four hours at this rate....
People say the trend is your friend, of course my friends are unreliable and unpredictable.

good one.
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