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Cable Update (GBPUSD)

  • #304,601
  • Mar 22, 2012 3:56am Mar 22, 2012 3:56am
Quoting A-speculator
what? u missed it? u said you going to bed..lol. anyway, if you have had that entry earlier today around 5875-5880, it should work out just fine, you know..

fiber is the real mover mate..

lol I was just joking about going to bed man...U know I'm working at this hour...but hey, 5min left to off work!! Hooray..!
I trade to live
  • #304,602
  • Mar 22, 2012 3:56am Mar 22, 2012 3:56am
Quoting A-speculator
i think it is time for cable to continue the move while fiber make a retracement, to make correction on eurgbp, i presume..
Good point. Eur/Gbp has just touched .8300.
Gone to a better place
  • #304,603
  • Mar 22, 2012 3:57am Mar 22, 2012 3:57am
Quoting UbuFamily
lol I was just joking about going to bed man...U know I'm working at this hour...but hey, 5min left to off work!! Hooray..!
if that so, i assume you're from south east asia eh.. me too..
  • #304,604
  • Mar 22, 2012 3:59am Mar 22, 2012 3:59am
Quoting A-speculator
i think it is time for cable to continue the move while fiber make a retracement, to make correction on eurgbp, i presume..
Or, they may both continue to fall, but at different rate of fall? Time for a coffee for me. Then I'll never shut up. Hope you're ready for that.
Gone to a better place
  • #304,605
  • Mar 22, 2012 3:59am Mar 22, 2012 3:59am
Quoting smikester
Good point. Eur/Gbp has just touched .8300.
. yeah hopefully we can get breakout on cable and then add more on retest of 5840 later..
  • #304,606
  • Mar 22, 2012 4:01am Mar 22, 2012 4:01am
Quoting smikester
Or, they may both continue to fall, but at different rate of fall? Time for a coffee for me. Then I'll never shut up. Hope you're ready for that.
i have no problem either way, my only problem is if both fall, i am unable to add to my positions.. lol.
  • #304,607
  • Mar 22, 2012 4:01am Mar 22, 2012 4:01am
Quoting smikester
Here's a daily chart which has been posted before but we are getting closer...

The trend line respected at yesterday's high was from 2007, over 4 years ago. Momentous is the word, I think.

Attachment
This is the reason why im in such a long term bearsih on the GBP... you might even get a chart from 20 years ago and its been bearish since...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #304,608
  • Mar 22, 2012 4:03am Mar 22, 2012 4:03am
To the immediate downside:

5844-37 prev minor 1hr sw lo zone
5821-17 prev minor 4hr/1hr sw lo zone
5814 Daily S1 @/around
[ 5812-5799 5 fib cluster
[ 5802-95 prev 1hr sw hi zone (non-immed)
5783-78 3 fib cluster
5770 50% 5619-5922
5766 Weekly Pivot @/around
5761 50% 5601-5922
5750/47 2 x fibs
5744 61.8% 5633-5922
5741-34-22 prev 4hr sw hi x 3 zone (non-immed) incl 5735=61.8% 5619-5922 and 5724 = 61.8% 5601-5922
5712 Monthly S1 @/around
5708 Daily S3 @/around
5706-5697-93 prev 4hr/1hr sw lo zone incl 5702 76.4% 5633-5922
[ 5690 76.4% 5619-5922
[ 5690 4hr ascending t/line coming thru on present 4hr candle

G/L
ex member
  • #304,609
  • Mar 22, 2012 4:03am Mar 22, 2012 4:03am
Quoting bguguen
This is the reason why im in such a long term bearsih on the GBP... you might even get a chart from 20 years ago and its been bearish since...
20 years eh..
  • #304,610
  • Mar 22, 2012 4:08am Mar 22, 2012 4:08am
Quoting A-speculator
20 years eh..

Well a few years back 5 i think we were at 2.0..the trend looked up i cannot see how that was bearish..euro was also in a solid uptrend and USD in a massive downtrend..so totally disagree
  • #304,611
  • Mar 22, 2012 4:09am Mar 22, 2012 4:09am
Quoting nAVIN2007
Well a few years back 5 i think we were at 2.0..the trend looked up i cannot see how that was bearish
i rest the case, coz we trade what we believe mate.. so no comment.
  • #304,612
  • Mar 22, 2012 4:10am Mar 22, 2012 4:10am
Quoting A-speculator
if that so, i assume you're from south east asia eh.. me too..
I'm from kk bro....and I just finishing scalp while replying u now...hehe

Cheers for green pips bro
I trade to live
  • #304,613
  • Mar 22, 2012 4:10am Mar 22, 2012 4:10am
Quoting A-speculator
i rest the case, coz we trade what we believe mate.. so no comment.
best way
  • #304,614
  • Mar 22, 2012 4:12am Mar 22, 2012 4:12am
Quoting UbuFamily
I'm from kk bro....and I just finishing scalp while replying u now...hehe

Cheers for green pips bro
ye, sama la kita.. semoga dimurahkan rezeki hari nie.. amin. I'm from jb.
  • #304,615
  • Mar 22, 2012 4:12am Mar 22, 2012 4:12am
Quoting smikester
Here's a daily chart which has been posted before but we are getting closer...

The trend line respected at yesterday's high was from 2007, over 4 years ago. Momentous is the word, I think.

Attachment
How do you get a TL from 2007 above current price?
Attached Image (click to enlarge)
Click to Enlarge Name: christmas trade44gif.gif Size: 14 KB
Come with me if you want to live....
  • #304,616
  • Mar 22, 2012 4:15am Mar 22, 2012 4:15am
1.5784 is a good target before we retrace significantly, I think.
Gone to a better place
  • #304,617
  • Mar 22, 2012 4:19am Mar 22, 2012 4:19am
Price testing top of that 5 fib cluster and daily S1 area.....just fibbed the moves to current daily lo from 5922 and 5891.

Uk data 10mins or so.

G/L
ex member
  • #304,618
  • Mar 22, 2012 4:19am Mar 22, 2012 4:19am
Quoting smikester
1.5784 is a good target before we retrace significantly, I think.
is it possible to round it down to 5750?
  • #304,619
  • Mar 22, 2012 4:21am Mar 22, 2012 4:21am
Quoting nAVIN2007
Well a few years back 5 i think we were at 2.0..the trend looked up i cannot see how that was bearish..euro was also in a solid uptrend and USD in a massive downtrend..so totally disagree
explain this??

obviously the fixed exchange rate maintaining the GBP to be strong has led to a faster fall in the value of the GBP than that of the USD when GBP goes to Floating exchange rate...

Yes both USD and GBP have been falling... but the strong GBP gave it the most reason to fall faster than the USD, the extended period of over valuation during those good old fixed exchange rate times...

Attached Image (click to enlarge)
Click to Enlarge Name: chart.png Size: 111 KB

BTW this is 30+ years 1972.... 1972 is the last year of fixed exchange rates in UK
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #304,620
  • Mar 22, 2012 4:23am Mar 22, 2012 4:23am
Quoting Ill-b-back
How do you get a TL from 2007 above current price?
August 2011 and join up the dots. Your trend line disappeared in August 2008.
Gone to a better place
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