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Daily Cable Vision

  • #2,001
  • Jul 1, 2009 6:23am Jul 1, 2009 6:23am
Quoting deboooo2005
welcome back
Thnx
  • #2,002
  • Edited 6:53am Jul 1, 2009 6:39am | Edited 6:53am
Its becoming more obvious that the Cable is forming a new support line and a new channel based on an upward trend line.. Depending on today's series of news from US, with already positive news on GBP PMI manufacturing indicator, I tend to blieve that the cable will burst to on an upward trend...

The other rationale is that, yesterdays move on the GBP was a scrap, the US dollar did not make any similar move, and prices went down just about the same benchmark as EUR and S&P 500.... Today its more likely that that GBP will recover all or partial yesterday's losses.. and might set a new trend, more likely to be to upward....(AGAIN depending on the US based series of news, with all positive news, will drive the investors to take more risk, hence, get out of the Dollar and move to equity and emerging markets, especially where coutries like China is showing a strong and positive economic growth, which means, GBP will get the spill over effect)

Cheers
  • #2,003
  • Jul 1, 2009 7:20am Jul 1, 2009 7:20am
bad news , we go down????? pt 6250...
  • #2,004
  • Jul 1, 2009 9:31am Jul 1, 2009 9:31am
Quoting deboooo2005
if cable continue up need to break 1.6476 to 1.6502
and wht happens after that? where do we go from there?
  • #2,005
  • Jul 1, 2009 9:31am Jul 1, 2009 9:31am
Quoting paul czech
bad news , we go down????? pt 6250...
how sure are you? what gives that impression?
  • #2,006
  • Jul 1, 2009 10:24am Jul 1, 2009 10:24am
Quoting mjay
and wht happens after that? where do we go from there?
Upside: cable face resistance from 1.6539 to 1.6554 if break this area cable will run to 1.6630


Downside: cable face resistance from 1.6539 to 1.6554 cant broke will fall to 1.6431 to 1.6407 if this area broke it will target 1.6253 to 1.6210
  • #2,007
  • Jul 1, 2009 10:34am Jul 1, 2009 10:34am
hint
4hour chat gaining power to go up
by the way my long order excuted when breakout happen
  • #2,008
  • Jul 1, 2009 10:38am Jul 1, 2009 10:38am
Quoting deboooo2005
hint
4hour chat gaining power to go up
I agree bro but also the 1 hour chart is showing momentum. I know you don't like the parabolic sar but until i learn and understand fib, I will have to use it. The parabolic sar is showing acceleration towards the north. Lets see what happens.

Rubbish day today. Its been slow all day and then picks up when i was out. I have made 7 pips today.
You've got to be IN IT to WIN IT!
  • #2,009
  • Jul 1, 2009 10:46am Jul 1, 2009 10:46am
Quoting Ifty
I agree bro but also the 1 hour chart is showing momentum. I know you don't like the parabolic sar but until i learn and understand fib, I will have to use it. The parabolic sar is showing acceleration towards the north. Lets see what happens.

Rubbish day today. Its been slow all day and then picks up when i was out. I have made 7 pips today.
nice 7 pips ... i long @ 1.6505
  • #2,010
  • Jul 1, 2009 10:49am Jul 1, 2009 10:49am
Quoting deboooo2005
nice 7 pips ... i long @ 1.6505
Better than -7 yes? BTW I am long at 1.6485. Hopefully it will go back to highpoint but protecting profit along the way.
You've got to be IN IT to WIN IT!
  • #2,011
  • Jul 1, 2009 10:55am Jul 1, 2009 10:55am
Quoting Ifty
Better than -7 yes? BTW I am long at 1.6485. Hopefully it will go back to highpoint but protecting profit along the way.
look as i explain the downside and upside targets ... and when you long @ 1.6485 cable will face 2 resisitance if it broke 1.6630 which is 1.6663 and 1.6740 if this break we will see 1.6780 and this is new long breakout ... we will talk about it later ... but first let us watcha and montor
  • #2,012
  • Jul 1, 2009 11:04am Jul 1, 2009 11:04am
when 1.6554 broke we will fly to 1.6634 so keep eyes open on 1.6554
  • #2,013
  • Jul 1, 2009 11:08am Jul 1, 2009 11:08am
Quoting deboooo2005
when 1.6554 broke we will fly to 1.6634 so keep eyes open on 1.6554
OK great. I will be watching like an eagle. Thanks a lot bro.
You've got to be IN IT to WIN IT!
  • #2,014
  • Jul 1, 2009 11:15am Jul 1, 2009 11:15am
Quoting Ifty
Salaam bro, how was your trip to the UK? Hope it went OK.
Well the trip went ok...it was to Uk and Italy
  • #2,015
  • Jul 1, 2009 11:17am Jul 1, 2009 11:17am
Quoting Ifty
OK great. I will be watching like an eagle. Thanks a lot bro.
hi bro.... how are u ? .......
  • #2,016
  • Jul 1, 2009 11:22am Jul 1, 2009 11:22am
I am OK bro. Having a slow day but in profit. I protected 13 pips and was stopped out but have gone long again at 1.6492.

BTW Glad you had a good trip RED.HAWK. Obviously too busy so no meeting. Maybe next time. Don'y worry about the paranthas, I will hAPPILY eat them by myself ha ha.
You've got to be IN IT to WIN IT!
  • #2,017
  • Jul 1, 2009 11:36am Jul 1, 2009 11:36am
Quoting Ifty
I am OK bro. Having a slow day but in profit. I protected 13 pips and was stopped out but have gone long again at 1.6492.

BTW Glad you had a good trip RED.HAWK. Obviously too busy so no meeting. Maybe next time. Don'y worry about the paranthas, I will hAPPILY eat them by myself ha ha.
haha...that wouldn't help your boxing though..!!!
  • #2,018
  • Jul 1, 2009 11:39am Jul 1, 2009 11:39am
Quoting Red.Hawk
haha...that wouldn't help your boxing though..!!!
Very true. I do work hard to burn the food off though. Anyway have you placed any trades today? I have 20 so far but not found any decent opportunities whilst infront of the laptop.
You've got to be IN IT to WIN IT!
  • #2,019
  • Jul 1, 2009 11:40am Jul 1, 2009 11:40am
I am very tired today,moreover during the trip i experienced some kidney problem as well coz of high percentage of acidity in my blood may be coz of too much work load...!!!!

so I am off for the day and Insh Allah will join you people tomorrow...!!!
  • #2,020
  • Jul 1, 2009 11:40am Jul 1, 2009 11:40am
hi people... was long @ 1.6486..right at the fibo 50 percent.. now watch my next level is 1.6550... lets surpass it.. happy trading all..
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