Will Cable Kiss The Target?

After the first target done, and if it breaks, the price is likely to continue its action to the next level. Warning: if it formed a false break on the first level, and breaks above the blue line, the trend might changed. Move your SL or set your trailing stop to lock your profit.

The bearish trend could easily continue next week if US data remains supportive. As housing sector in the US took a hit with RICS dropping to –40.6, i believe the BoE will cut its rate further in the first quarter of 2008. Beware of the strong support at 2.0000 level, it might breaks, or its just bounce there.

Play Safe, Always put your Stop Loss, and use the proper Money Management...Happy Trading!!!

Lil.advice.for.GU.Tomorrow..

Play.safe..always.put.SL..

Forex Market Outlook

What a week, i hardly to see a very attractive moving of EURO against US Dollar, each party struggle for the best stone position. Only one conclusion i've got, standstill...damn, i was hoping that last week would be another resistance breaking moment, and it was wrong. Euro chose to taking a rest for a while against USD. From this week price action, the major issue still centered on US recession and accompanying FED rate cuts that have strike the greenback to a big declined so far. The EURO still on a fly high against US Dollar, and as long as it still below the 1.4700, then the pair found its solid resistance there. The long euro stands below that resistance without breaking it, the more certainty that EURO reach its top. This is a very doubtful issue, as the euro continues to hold the uptrend, we are be able to gaining profits on it. But, beware, unless euro breaks 1,4500 then we face a big premature reversal. There is no major concern next week, the calender event is likely to be quiet, we have EZ flash PMI data of any import on the next calender. Will the high euro finally drive the region’s manufacturing sector below the 50 boom/bust line? If not, then i am very sure that Euro will redouble their efforts on a bullish way.
Meanwhile the yen continued to trade around the 110 level with LEI reading printing at 3 year lows. Bottom line, yen’s strength will only come from the carry trade unwind. So we are not pretty much see any interesting point from this currency.
The Cable stuff
The UK central bank would maintain the status quo as BoE came out with a very bad assessment of the UK economy. The unit broke the 2.0400 figure and the next data that will announced within a week to come are likely strengthen the faith that 2.0000 barrier could be tested before this year ended.
Now its time for a conclusion, since the chart provides us with a common pattern,i think the decline was cyclical rather than secular.

1.Week.Offline..

Next.week.i'll.go.traveling.to.East.Kalimantan..
so.maybe.i'll.not.posting.in.this.blog.about.1.week..

Regards
Nebula

Will.GU.Playing.at.the.next.low.tunnel?

Newest.on.GU

Just.take.a.look.around.That.barrier..
Go.Long.when.that.barrier.break..

Latest.Lil.advise.for.Cable

New.on.GU

What.will.i.do.next.week..


This.PP.will.continue.as.long.there's.no.candle.open.price.above.
demand.line..

Aud/Usd.Updated.1

EUR/USD...

AU.Updated..

Expectation.on.GU

SL.30.TP.40

Yukk.Silahkan.di.Sell

SL.0.9292.
TP.Sesukamu

Sell.Area.GU

GU

Newest...

Will.be.temporary.until..new.web.launching..

In 4 hr chart, GU is still uptrend but GU is near the resistance 2.0461. If GU breaks the resistance 2.0461, GU will be 2.0537, 2.0627.
IF GU moves below three red lines 2.0385, 2.0352, 2.0271, GU will be 2.0125. If GU breaks 2.0125, GU will be 2.000.

In weekly chart, GU is still uptrend. If GU breaks three yellow uptrend line, GU will reverse to downtrend.

sep 26 mo u t eki

In daily chart, cable hasn't broken the uptrend line (yellow diagonal lines). Plus from the fo rexfa ctory source, cable forms the triangle chart pattern (or buyers and sellers fight each other). If you want to be really safe, just wait until cable breaks either red/blue line (resistance) or magenta line (support).

In 4 hr chart, if cable breaks the resistances (red line and 2.0208 blue line), the target may be 2.0314. If cable breaks the support (yellow line and 2.0091 blue line, the 1st target may be 1.9988, the 2nd target 1.9910

In hourly chart, the resistances (two diagonal red lines 2.0182 - 2.0186), the next resistances three horizontal red lines 2.0197, 2.0208, 2.0227. The support (two diagonal yellow lines 2.0122 - 2.0111), the next support three horizonal yellow lines 2.0083, 2.0073, 2.0061.

mo u tek i system

2.0346 target long if cable can go through the two resistances (horizontal line 2.0213 or 1st target, 2.0232 or 2nd target)
The yellow lines are supports.
If break the upper green line 2.0040 , cable may go to the 1st target 1.9960, 2nd target 1.9870, maximum target bottom green line 1.9800.

Mo u tek i has brought the Tho m as DeM ark system into the for ex fact ory but there are some differents or modifications between Mo u tek i system and Th o mas DeM a rk.

Big.Rest..-2

Never.Expected.that.GU.will.give.me.300.and.more