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Cable Update (GBPUSD)

  • #253,541
  • Sep 16, 2010 2:58am Sep 16, 2010 2:58am
Quoting adrianebn
i agree, if we know the numbers then this would be an easy game!

will see in the hour
Sorry to disappoint, but if we ALL knew the numbers it would be the same game. The only thing which would make it easy is that if only you would know the numbers. If that's the case, I'd appreciate a tip off !
  • #253,542
  • Sep 16, 2010 3:01am Sep 16, 2010 3:01am
would not mind a tip off too! awesome, wish you loads of pips



Quoting zaphy
Sorry to disappoint, but if we ALL knew the numbers it would be the same game. The only thing which would make it easy is that if only you would know the numbers. If that's the case, I'd appreciate a tip off !
  • #253,543
  • Sep 16, 2010 3:04am Sep 16, 2010 3:04am
Quoting zaphy
I'd appreciate a tip off !
some will win and some will not....... how's that for a tip off
  • #253,544
  • Sep 16, 2010 3:06am Sep 16, 2010 3:06am
I am still bullish on cable, H1 candle is bullish, eurodollar is going down little bit but because of EURGBP, where prices touch the DP and is now falling down for pound... news within 25min
  • #253,545
  • Sep 16, 2010 3:09am Sep 16, 2010 3:09am
Happy trading 2 u all ....

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=672

Quoting scurt
I am still bullish on cable, H1 candle is bullish, eurodollar is going down little bit but because of EURGBP, where prices touch the DP and is now falling down for pound... news within 25min
not euphoria follower
  • #253,546
  • Sep 16, 2010 3:12am Sep 16, 2010 3:12am
Quoting AdrianHNV
some will win and some will not....... how's that for a tip off
While the advice of oracles has mostly been respected, think of Greek tragedies (I don't mean the debt crisis, but Homer and all that stuff), I am sure there are cases when the oracle has been kicked in the butt for being hazy about the future .

So Oh, Oracle, I ask you again, will I be amongst the winners if I go long on the cable now on ten lots??
  • #253,547
  • Sep 16, 2010 3:15am Sep 16, 2010 3:15am
Also bullish. We are going onto the 5th wave of H1 and with target to 1.5700.

Usually cable would have touched DP of 1.5575, and I don't why it didn't do it already this morning. So be careful before the news.
  • #253,548
  • Sep 16, 2010 3:19am Sep 16, 2010 3:19am
u can clearly see trend is up folks..

a break of 1.60 will confirm new trend direction..
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  • #253,549
  • Sep 16, 2010 3:24am Sep 16, 2010 3:24am
I also think direction is up, but I do not expect it to go very fast. Maybe it will form a channel. The best way to trade it would be buy on retracements.
  • #253,550
  • Sep 16, 2010 3:25am Sep 16, 2010 3:25am
hi pawpaw just woke up for the news
  • #253,551
  • Sep 16, 2010 3:25am Sep 16, 2010 3:25am
true but still depends your trading style,

long term uptrends (weekly and 4H) contain a lot of smaller downtrends and uptrends within a smaller timeframe



Quoting nAVIN2007
u can clearly see trend is up folks..
  • #253,552
  • Sep 16, 2010 3:25am Sep 16, 2010 3:25am
Quoting fxghost
I also think direction is up, but I do not expect it to go very fast. Maybe it will form a channel. The best way to trade it would be buy on retracements.

find the channel..wait for it to reach the bottom channel trendline, get confirmation of bounce enter..or reverse depending on yur rules
  • #253,553
  • Sep 16, 2010 3:26am Sep 16, 2010 3:26am
Wats the expectation for retail figure? will be Green or Red?
  • #253,554
  • Sep 16, 2010 3:27am Sep 16, 2010 3:27am
Quoting nAVIN2007
u can clearly see trend is up folks..
From a more fundamental point of view I am not so sure. CPI came at 3.1% so our dear friend Mervyn is writing his letter why inflation is higher than planned. If it doesn't abate there will be calls to raise interest rates. Now, if retail sales turns out to be crap (lower than expected) Mervyn will have the dilemma to raise and possibly choke off recovery, or just help the Goverment (with its austerity measures) choke it off.

In any case, I expect good waters for the cable...good for surfers, lots of pips around, but then I might be wrong.
  • #253,555
  • Sep 16, 2010 3:28am Sep 16, 2010 3:28am
i see a little bit dark cloud brother... but if pa could handle it .... then .....

Rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=672

Quoting nAVIN2007
u can clearly see trend is up folks..

a break of 1.60 will confirm new trend direction..
not euphoria follower
  • #253,556
  • Sep 16, 2010 3:29am Sep 16, 2010 3:29am
Quoting adrianebn
true but still depends your trading style,

long term uptrends (weekly and 4H) contain a lot of smaller downtrends and uptrends within a smaller timeframe

yes thats true my friend..

i believe we could have seen the dip at the 50% fib..lets see what she plans to do
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  • #253,557
  • Sep 16, 2010 3:32am Sep 16, 2010 3:32am
Quoting iqyu5an
i see a little bit dark cloud brother... but if pa could handle it .... then .....

Rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=672
this is where the big picture comes in..and forecasting/ projecting larger time frames..good observation thou bro!
  • #253,558
  • Sep 16, 2010 3:33am Sep 16, 2010 3:33am
Quoting dil
hi pawpaw just woke up for the news
heya, crappy news, but aint selling this... will buy at bottom!
@pawpaw1000 on Twitter
  • #253,559
  • Sep 16, 2010 3:33am Sep 16, 2010 3:33am
Just looking where previous resistance was or even number, wait for 123 pattern. Maybe a couple more points and that's it. I just try to keep it as simple as possible.
  • #253,560
  • Sep 16, 2010 3:33am Sep 16, 2010 3:33am
Wow, you guys are spot on! LOL
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