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Cable Update (GBPUSD)

  • #10,701
  • Apr 18, 2007 7:01am Apr 18, 2007 7:01am
Quoting Why Oh Why
Another 5 long. Same strategy.
I'm sidelined for the moment.
Do not focus on making money; focus on protecting what you have.
  • #10,702
  • Apr 18, 2007 7:02am Apr 18, 2007 7:02am
Would anyone care to answer my question, yet?
Gone to a better place
  • #10,703
  • Apr 18, 2007 7:05am Apr 18, 2007 7:05am
Quoting Why Oh Why
2.0104 (early Europe high) is now a support level. Prop points below include 2.0089 (today's Asian session top), 2.0074 (yesterday"s peak), 2.0063 (today's Asian session base), 2.0035 and 2.0000. TP in the distance at 2.0510 - I'll lock in manually 1 lot at a time on the ascent. SL 2.0062.
It's dropping below 2.005 - tempted to go long again with 30 SL with entry around 2.0035. Anyone else?
Do not focus on making money; focus on protecting what you have.
  • #10,704
  • Apr 18, 2007 7:13am Apr 18, 2007 7:13am
Cable will drop to 1.96 today! HENRY CAROL IN THE HOUSE!!!
  • #10,705
  • Apr 18, 2007 7:16am Apr 18, 2007 7:16am
Quoting smikester
I agree but I think a retracement to say 2.0050 is imminent, perhaps in the next two to three hours? Anyone agree with my (newbie) opinion?
I should have gone with your judgement. At the time I disagreed with you. I answered by going long - suggesting my disagreement. If praise is what you wanted, Sir, consider it done. I can't write more, my keyboard is getting wet from my tears.
Do not focus on making money; focus on protecting what you have.
  • #10,706
  • Apr 18, 2007 7:19am Apr 18, 2007 7:19am
Henrycarol will bring it to 1.9588 !
I Deeply Love My Virtual Life In Virtual World , RLC
  • #10,707
  • Apr 18, 2007 7:21am Apr 18, 2007 7:21am
Again. TP in the distance at 2.0510 - I'll lock in manually 1 lot at a time on the ascent, hopefully! SL 2.0000.
Do not focus on making money; focus on protecting what you have.
  • #10,708
  • Apr 18, 2007 7:21am Apr 18, 2007 7:21am
anyone care to take a stab at where this retracement will end?
  • #10,709
  • Apr 18, 2007 7:21am Apr 18, 2007 7:21am
Quoting Why Oh Why
It's dropping below 2.005 - tempted to go long again with 30 SL with entry around 2.0035. Anyone else?
I need to see some turn round in the 1 min chart before fighting this fall....but it is getting short term oversold
Trading Levels with WRBs
  • #10,710
  • Apr 18, 2007 7:24am Apr 18, 2007 7:24am
nice profit taking... About time..

Previous 4hr formed a nice pin-bar with all overbought indicators... That was an easy trade at breach of R1 0080...

I got in short at this level... Took partial at 0030 and I'm looking for test of fib-pivotal area 0011/0017

I don't belive in cable below 2.0000 today.
  • #10,711
  • Apr 18, 2007 7:26am Apr 18, 2007 7:26am
Quoting Why Oh Why
I should have gone with your judgement. At the time I disagreed with you. I answered by going long - suggesting my disagreement. If praise is what you wanted, Sir, consider it done. I can't write more, my keyboard is getting wet from my tears.
Thank you. Sorry but I'm a bit excited about going live later this week. I don't know if I will be able to put my real money where my mouth is. Currently: Buy limit @ 2.0012
Gone to a better place
  • #10,712
  • Apr 18, 2007 7:35am Apr 18, 2007 7:35am
Quoting smikester
Thank you. Sorry but I'm a bit excited about going live later this week. I don't know if I will be able to put my real money where my mouth is. Currently: Buy limit @ 2.0012
I thought I knew it all when I had early success. And I'd brag terribly to whoever would listen. I'm a little better now. Age I guess.

If I'd called it right like you did earlier I'd be pleased. Like you were. No apology needed. I wasn't having a go, just a laugh. Not at you, with you. Nobody had expressly commented on your view before it actually played out. Have a great day and successful trading live.
Do not focus on making money; focus on protecting what you have.
  • #10,713
  • Apr 18, 2007 7:50am Apr 18, 2007 7:50am
morning all,

sorry I dissappeared yesterday, message for active x kept popping up, then this site's server went down, then I kept getting an admin username and password pop up..I gave up.

didn't go short gbp yesterday after your warning cesar went short this morning, but just closed them and am waiting to enter again

hoping for a nice euro correction, 13440-60 area would be nice to go long again.
  • #10,714
  • Apr 18, 2007 7:53am Apr 18, 2007 7:53am
There is some talk in the market that a U.K. clearer bank was the supplier in this retracement. Apparently this U.K. clearer bank made such a thing to help undermine the effects of a wrong-footed cable hedge-fund trade.

Unconfirmed, but for me, this is very likely.

What do you think?

(Source: Market News International)
  • #10,715
  • Apr 18, 2007 7:59am Apr 18, 2007 7:59am
Quoting Why Oh Why
I thought I knew it all when I had early success. And I'd brag terribly to whoever would listen. I'm a little better now. Age I guess.

If I'd called it right like you did earlier I'd be pleased. Like you were. No apology needed. I wasn't having a go, just a laugh. Not at you, with you. Nobody had expressly commented on your view before it actually played out. Have a great day and successful trading live.
What a brilliant welcome. Thanks again. But did you notice by how much my buy limit order missed? I'm scaring myself - Soon I will be taking orders for Forex forecasts...
Gone to a better place
  • #10,716
  • Apr 18, 2007 8:06am Apr 18, 2007 8:06am
Hi everyone

crazy week!!!!

I don't know what to do now..

What is the direction of gbpusd?? target?

Please help me

thx
  • #10,717
  • Apr 18, 2007 8:19am Apr 18, 2007 8:19am
My friend Fibo tells me that this retracements stops at 2.0024. I might go long there when we get there

Stops below 1.9964

Any other ideas?

EDIT: Cesarnc, you think 38.2 fibo will hold?
  • #10,718
  • Apr 18, 2007 8:25am Apr 18, 2007 8:25am
Quoting iiivb
There is some talk in the market that a U.K. clearer bank was the supplier in this retracement. Apparently this U.K. clearer bank made such a thing to help undermine the effects of a wrong-footed cable hedge-fund trade.

Unconfirmed, but for me, this is very likely.

What do you think?

(Source: Market News International)
Carry trades unwinding reported, too. Ahead of "European bond redemption from Apri 19 to May 1st", whatever the hell this means.

Quoting leelee75k

didn't go short gbp yesterday after your warning cesar went short this morning, but just closed them and am waiting to enter again
You saved yourself a good $, then...

Now Cable is retracing more technically, too. We can see where are the supports and resistances.

Carry trade activity is likely to get thing crazy yet. 14GMT and 16GMT fixes are likely to show the way.

Closing > 0044 fib is bullish. (and then I had missed a hell of a dip 0015 to buy )
  • #10,719
  • Apr 18, 2007 8:29am Apr 18, 2007 8:29am
09:23 Rumors are maiking the rounds that a CB was checking rates in the GBP/USD. There are times when the "where there smoke...." makes sense, but do we really think a CB will intervene in GBP? Mr. S are you listening?

Dont ask me who's Mr. S. The analyst is gone nuts, too...

  • #10,720
  • Apr 18, 2007 8:32am Apr 18, 2007 8:32am
Quoting cesarnc
Carry trades unwinding reported, too. Ahead of "European bond redemption from Apri 19 to May 1st", whatever the hell this means.



You saved yourself a good $, then...

Now Cable is retracing more technically, too. We can see where are the supports and resistances.

Carry trade activity is likely to get thing crazy yet. 14GMT and 16GMT fixes are likely to show the way.

Closing > 0044 fib is bullish. (and then I had missed a hell of a dip 0015 to buy )

so.. do you say buy dips?
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