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Cable Update (GBPUSD)

  • #292,881
  • Nov 18, 2011 10:06am Nov 18, 2011 10:06am
.
Quoting iqyu5an
Instead Of Relenting To Demands To Let ECB Print, Germany Is Preparing To Kick Countries Out Of Eurozone
not euphoria follower
  • #292,882
  • Nov 18, 2011 10:14am Nov 18, 2011 10:14am
Quoting A-speculator
Perhaps, daily in fiber and cable has shown a reversal candle, perhaps 1 or 2 days next week we might get higher price. My target is not that high, about 59xx, and we see from there..

Green pips bro.
sependapat with you,bro
  • #292,883
  • Nov 18, 2011 10:16am Nov 18, 2011 10:16am
Quoting abdul_halim
sependapat with you,bro
mak ai.. ada rupanya org kita....

Shake off camni yang tak gemar.. market x macam 2008 la bro.. masa tu betul2 buat duit..
  • #292,884
  • Nov 18, 2011 10:22am Nov 18, 2011 10:22am
Quoting A-speculator
mak ai.. ada rupanya org kita....

Shake off camni yang tak gemar.. market x macam 2008 la bro.. masa tu betul2 buat duit..
swissy nie pun satu hal, dapat maintain bawah 9150, ada cerita la skit, org kata nampak la cahaya... muahahahah..
  • #292,885
  • Nov 18, 2011 10:39am Nov 18, 2011 10:39am
Good day,

Finishing off for the day.

Last opportunity for a push higher starting monday. Last buy dip. From there - we go down.

Regards
  • #292,886
  • Nov 18, 2011 10:46am Nov 18, 2011 10:46am
Quoting TauTrader
Good day,

Finishing off for the day.

Last opportunity for a push higher starting monday. Last buy dip. From there - we go down.

Regards
Something I discovered on weekly mate for fiber, cable & swissy. Frankly, I see like more upside compared to the downside... at current price, fiber is testing the high of the hammer in weekly, cable is the same, and swissy still has no reversal sign yet in weekly.

I think (I really don't want to think actually..) better follow the candlestick, if it go down, we go down, if up, we go up, placing position at S&R, if it breaks, cut.. tell u the truth, hard for me to speculate something like that in the higher TF. Sniper mode perhaps?
  • #292,887
  • Nov 18, 2011 10:58am Nov 18, 2011 10:58am
perhaps we might see higher price in both cable & fiber if and only if swissy move towards the key support at about 0.9000. For today, hopefully we can see swissy sustainably trade below 9150.

Alright, later guys.. ngantuk..
  • #292,888
  • Nov 18, 2011 11:00am Nov 18, 2011 11:00am
I realize that this is the Cable thread, but with the dominance of the Euro over Sterling exposure, and ridiculous coupling between the instruments at present, any fate or movement suffered by the Euro is likewise felt by Cable. Hence, I am following the circus in Europe and present my take this afternoon in regards to EU.

Anyway, hope all have a good weekend, and are able to return to the fight fresh on Monday.
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Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #292,889
  • Nov 18, 2011 11:01am Nov 18, 2011 11:01am
Quoting ziggiii
regarding CABLE WEEKLY ALGOCYCLES:
my Algocycles say there will be a LOW next week followed by
a HIGH in the week from 11/28/11...

MONTHLY ALGOCYCLES:
LOW DEC. 2011
HIGH JAN. 2012

hope that helps a bit
good weekend to all
ziggiii
time will tell, mate.

Happy weekend.
  • #292,890
  • Nov 18, 2011 11:05am Nov 18, 2011 11:05am
...care to share how you calculate/represent these cycles?
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #292,891
  • Nov 18, 2011 11:37am Nov 18, 2011 11:37am
As I say in my previous post,GU might Retest previous 2 key SR before it bounce back down.

Currently,keep on eye on Minor UP Trend Line (Green),as long as the market above TL,we can Long scalp.

Twinsummit
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Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #292,892
  • Nov 18, 2011 12:03pm Nov 18, 2011 12:03pm
Great!
Monday is gonna be woshi (::
nice to be back, have a great weekend
  • #292,893
  • Nov 18, 2011 12:45pm Nov 18, 2011 12:45pm
Dip bought. Small scalps...
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  • #292,894
  • Nov 18, 2011 7:47pm Nov 18, 2011 7:47pm
Daily/Weekly Wrap: It has been a great week for the US dollar index (USD/INX), moving up approximately 2.7%. The... http://t.co/BaYQbZ9k
  • #292,895
  • Nov 18, 2011 10:14pm Nov 18, 2011 10:14pm
Quoting chazzle
will keep an eye on it from time to time
.
Widened again as the contract value increased.

Shall we keep selling the rallies until 'extreme pessimism reached ?
scalps excluded.

.
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  • #292,896
  • Nov 19, 2011 5:11am Nov 19, 2011 5:11am
4 hr can see cable and euro dancing so closely that my fib zig zag has popped up with a similar trade to my cable trade ( and I would be truly amazed if euro hit the targets). But then again my algo is much better at doing the maths than me and maybe it know what the other algos are up to.
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  • #292,897
  • Nov 19, 2011 6:32am Nov 19, 2011 6:32am
Quoting Flatfish
..cable and euro dancing so closely..
That is the problem. they're tied each other. euro and aussie. asia and US. even china infected.
the term 'too big to fail not only for greece or germany but the whole world. we live in global economy.. almost forgot.

only one thing bothering my mind.
salary of a train-station worker in Greece equivalent with the salary of an executive in China.
  • #292,898
  • Nov 19, 2011 6:50am Nov 19, 2011 6:50am
Quoting gsantri
That is the problem. they're tied each other. euro and aussie. asia and US. even china infected.
the term 'too big to fail not only for greece or germany but the whole world. we live in global economy.. almost forgot.

only one thing bothering my mind.
salary of a train-station worker in Greece equivalent with the salary of an executive in China.
I personally think Euro is to big to fall and for this reason i have hope..which is probably a ignorant view considering what america has to put up with

gold will go up over time and so will oil taking cable up

view is very much dependant on USD or EU next week ..market has stopped right at Resistance for USD..WHICH WOULD TAKE RIGHT BACK TO 1.59..break above 1.60..should take us toward 1.65 and above perhaps to test the breakout toward the downside (retest the ascending trendline (see weekly)

or we go towards 1.5638 area

positive for long is descending trendline has been established and tested..another build up towards it will likely break it so it form support instead of resistance
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  • #292,899
  • Nov 19, 2011 9:24am Nov 19, 2011 9:24am
Quoting gsantri
That is the problem. they're tied each other. euro and aussie. asia and US. even china infected.
the term 'too big to fail not only for greece or germany but the whole world. we live in global economy.. almost forgot.

only one thing bothering my mind.
salary of a train-station worker in Greece equivalent with the salary of an executive in China.
I taken this from chedet dot com (written by ex-prime minister of Malaysia). I think it's a good read:

1. At the beginning of America’s war on terror, President Bush categorised several developing countries as failed countries.

 2. I wonder whether Bush thinks a country like Greece, which is totally incapable of paying its debts after irresponsible financial management, is a successful country.

 3. The debt of Greece has not only destroyed the country but it has dragged down all the European countries as well. Such is the disaster brought on by Greece’s impecunious ways that Europe is threatened with the possibility of financial collapse. So far the great economic and financial minds of Europe have not found any real solution. Instead there is the possibility that the failure would spread to Italy, Spain and Portugal.
4. Why has this happened to Europe? To find the answer one has to look into the European economic history, to look at how the European countries became so rich.

 5. In the days of European imperialism, only Europe could make use of their engineering and technological skills to export manufactured goods to the rest of the world.

 6. Feeling secure that they would be able to sustain this superiority in industry and trade and often benefitting from cheap raw material from their colonies and captive imperial markets, they allowed wages and profits to spiral up. Accordingly their GDP and per capita appeared to be high and they enjoyed ever higher standards of living. They classify their countries as developed.

 7. Democracy and socialism forced the introduction of all kinds of social benefits. They acceded to demands for less work and more pay. They introduced pension schemes, paid leaves and holidays, double and quadruple pay for overtime, costly medical benefits and unemployment benefits. Very early workers were given the right to form unions and to strike. These were to prevent exploitation. But the rights were abused so that the remunerations and perks demanded had nothing to do with being exploited.

 8. Soon the demand for higher remunerations and perks spread to the higher grades of workers and then to the executives. Bonuses for all were no longer related to profits made. They became actually delayed salaries, paid half-yearly or yearly.

 9. The top executives were given stock options, bonuses exceeding their yearly pay, cars, houses and numerous allowances including golden handshakes even when they failed.

 10. Naturally all these cause all their products and services to become very costly. With this comes an increasingly higher cost of living. Wages and perks were revised every now and again. With each round of wages and perks increase, there would be increased cost of living which in turn lead to demands for more increase in wages and perks.

 11. All these would have gone on indefinitely but for the emergence of new industrial countries in the East. Japan, followed by Korea and then China industrialised and their low-cost high quality products pushed practically all the manufactured goods of the West off the shelf.

 12. Threatened with the possibility of lower standard of living they created a financial market. Non-tangible products were invented for them to speculate and gamble. And they or at least the moneyed people and the game-theory experts made considerable amounts of money. With this no more capital was invested in the real business of producing goods and supplying services.

 13. Then, they became very greedy. They started creating money to finance their gambling. To cut a long story short, the bubble burst. They lost all their money. Unable to go back to doing real business, to producing goods and supplying services, they began to fiddle with the monetary and banking systems.

 14. They succeeded with Iceland and Ireland. But Greece proves intractable. This country enjoyed high life on borrowed money. Less work, more pay and more social benefits ate into Government revenue. Unwilling to face the wrath of the people the Government borrowed to finance the national budget. Unable to pay or service debts the lenders refused to give any more loans.

 15. Actually the country became bankrupt. There is no way for the country to become solvent again. Its bankruptcy would in turn bankrupt European banks. This would be disastrous for Europe.

 16. Basically the countries of Europe have failed. Their claim to be the showpiece of capitalism and democracy becomes hollow after they are forced to look at socialist undemocratic China for help.

 17. But all efforts will fail unless they admit that they, like the developing countries, are poor. Poor people must live like poor people. Their bonuses, share options, perks, high pay and less work creed etc must be given up. The gambling in the financial market must also be stopped.

 18. They have to go back to working, to producing goods and supplying service with lowered wages. They must sell off most of their assets (Greece is trying to do this now). But industrial discipline would be needed for foreign investors to buy the assets and run them.

19. Printing money and writing cheques will not help. They must cease to be in denial. They must admit they have failed, their creed and their systems have failed.

 20. Many developing countries have failed. But many European countries including the United States of America have also failed.
  • #292,900
  • Nov 19, 2011 9:45am Nov 19, 2011 9:45am
The weekly t/f continues to range with a LH printed at 6165 that follows a L at 5270. Last week's candle bearishly engulfed the previous dragonfly-doji-esq / PB weekly candle and is bearish overall with a lower woick. 100sma on this t/f remains below it's 200sma.

The daily t/f printed a neutral candle Friday with a bullish body but long upper wick as price found resistance at the previous daily swing lo x 3 zone (previous support.) This t/f has seen 2 x LH's and LL's printed and like the weekly it's 100sma remains below it's 200. Is this the beginning of a new downtrend on this t/f ?

Contrary to the daily the 4hr has seen 2 x HL's off the LL (weekly lo at 76.4% 5541-6165 in a previous 4hr swing lo zone) and a H (at Friday's 5889 hi - 50% 6092-5690) above the last 2 x LH's so bullish re recent overall price action. Unlike Weekly and Daily it's 100sma remains above it's 200sma. Last 4hr candle closed bullishly.

1hr saw a HH at Friday's hi - the previous daily swing lo x 3 zone also a previous 1hr swing hi zone and the deep pull back has resulted in a HL - so an uptrend present on hat t/f at Friday's close, but it's 100sma remains below it's 200 - like the daily and weekly t/f's. The last 1hr close was bullish.
-----------------------------------------
So a mixed picture overall re the 4 t/f's- Weekly ranging, daily - possible start of a new downtrend, -versus- the 4hr is either a bear flag or the beginning of a new uptrend, building on current 1hr uptrend.

G/L
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