Cable Update (GBPUSD) | Page 607 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #12,121
  • May 5, 2007 7:26am May 5, 2007 7:26am
Thank god... phew..

At least my last trade is in profit, not 200 pips down..lol ;-)

have a good weekend..!!
  • #12,122
  • May 5, 2007 12:41pm May 5, 2007 12:41pm
Does anyone here have an opinion about the problem of french elections this sunday?

I stayed long through weekend and im worried about the opening on sunday hitting my stop and getting back up.

If Sarkozy gets elected, even if the market sees him as a euro threat, the guy would not be able to do anything really threatning at least for 1 year or more. But some ppl might be thinking that the guy gets elected and ends in the next day the euro power. Ridiculous...

So, what will be the biggest weight on Monday session, fear?... or inteligence about a currency that will be more expensive in a few days?
  • #12,123
  • May 5, 2007 1:07pm May 5, 2007 1:07pm
well i can tell u my opinion,..currently it points north, french growth is gona have a short dive before another big push to the north side,...so i think its neutral,..u can go long or short and make a buck,...we still didnt see the top at euro but the devils is just to strong to get over without knowing who is gona control the france, after that known,...and a short bearish movement after a little bulls might get us well above 3666...pls dont trade this, rather open 30min chrt and trade 30 MAs, buy below sell above,...hehehe
its just money
  • #12,124
  • May 5, 2007 5:58pm May 5, 2007 5:58pm
Something to ponder:

Quote
CREDIT CRUNCH IN THE UK: THE NUMBER OF UK RESIDENTS WHO WENT IN TO INSOLVENCY IN THE FIRST 3MNTHS OF THIS YEAR HIT A RECORD HIGH OF 30,075, UP 24%, ON THE SAME QUARTER A YEAR AGO - UK PRESS

<GBP/USD GBP/JPY EUR/GBP>
  • #12,125
  • May 6, 2007 4:47am May 6, 2007 4:47am
Hi

Some of my Friends Got 4 lots ... he in trouble


EUR/USD

1- sell EUR/USD price 1.3544 and till now lose 53 Pips
2- Buy EUR/USD Price 1.3604 and till now lose 10 Pips


GBP/USD

1- Sell GBP/USD price 1.9842 and till now lose 96 Pips
2- buy GBP/USD Price 1.9937 and till now lose 4 Pips



How can we help them to get out of this trap
  • #12,126
  • May 6, 2007 5:55am May 6, 2007 5:55am
Easy...

Next time ask your friend to use Stop Lost...


Quoting deboooo2005
Hi

Some of my Friends Got 4 lots ... he in trouble


EUR/USD

1- sell EUR/USD price 1.3544 and till now lose 53 Pips
2- Buy EUR/USD Price 1.3604 and till now lose 10 Pips


GBP/USD

1- Sell GBP/USD price 1.9842 and till now lose 96 Pips
2- buy GBP/USD Price 1.9937 and till now lose 4 Pips



How can we help them to get out of this trap
  • #12,127
  • Edited 6:58am May 6, 2007 6:11am | Edited 6:58am
Quoting deboooo2005
Hi

Some of my Friends Got 4 lots ... he in trouble


EUR/USD

1- sell EUR/USD price 1.3544 and till now lose 53 Pips
2- Buy EUR/USD Price 1.3604 and till now lose 10 Pips


GBP/USD

1- Sell GBP/USD price 1.9842 and till now lose 96 Pips
2- buy GBP/USD Price 1.9937 and till now lose 4 Pips



How can we help them to get out of this trap
Why did he SHORTED at those levels? Does he know about "FAKE OUT"? I bet he shorted those during the London Fake outs.

I was once in such a deep shit loosing about 70% of my funds (over lot!) in such a hedge. if I keep the hedge, I would not be able to trade as I am left with very small equity to play with. After a day's thought, I decided to LET GO. In the next few days, I slowly got them back. "A trader who accept losses will survive to trade another day."

IF his positions were closer to each other (ie, within 10-20 pips from each other), I would suggest to hold them until the next BIG NEWS:
During a Big news, set Stops 10-15 pips away from current price. Once the news is released, it will shoot to one direction and you can easily recover the pips lost in the hedge. But seeing how HUGE the pip space between those hedge, its very difficult to recover unfortunately.

Many of the people in this thread are GBPUSD bullish. So if you believe that trend is still alive, you can let go of those shorts.
  • #12,128
  • May 6, 2007 6:22am May 6, 2007 6:22am
I am still shorting all spikes... On eur gbp and aud.. I can still see that as the trend, and I don't see that changing unless we get another 100 pips up on monday...

That is all.
  • #12,129
  • May 6, 2007 6:27am May 6, 2007 6:27am
Monday is a good time to short(i think!)... when will it happen? euro or us session? will cable go below 1.985? any opinion?
  • #12,130
  • May 6, 2007 6:47am May 6, 2007 6:47am
You are all VERY BRAVE to short GBPUSD... What are your reasons for shorting GBP, EUR, AUD?

* Are you counter trend traders?
* Are you bullish / Hawkish with the FOMC this week?

I am shorting GBPUSD because Triple Screen on D1, H4, M30 charts is telling me that. BUT with hessitation due to the BOE rate hike.. Hmm... However, this rate hike is already PRICED IN so it should not give any SURPRISE Bull Run this week. FOMC is expected a no hike - its priced in already; the risk is however is if FED decided to be dovish with their statement.
  • #12,131
  • May 6, 2007 7:17am May 6, 2007 7:17am
Quoting deboooo2005
Hi

Some of my Friends Got 4 lots ... he in trouble


EUR/USD

1- sell EUR/USD price 1.3544 and till now lose 53 Pips
2- Buy EUR/USD Price 1.3604 and till now lose 10 Pips


GBP/USD

1- Sell GBP/USD price 1.9842 and till now lose 96 Pips
2- buy GBP/USD Price 1.9937 and till now lose 4 Pips



How can we help them to get out of this trap
Do you think tomorrow will be bulish even GBp is holiday and no big news for EUR
  • #12,132
  • May 6, 2007 9:01am May 6, 2007 9:01am
Quoting BurgerKing
... However, this rate hike is already PRICED IN so it should not give any SURPRISE Bull Run this week....
Hmm. Lets put it in a logical way. And im just learning..

The price rose to 2.0131 surfing the wave "strong economy/rate hike/weak US fase"

Then it started to consolidate in a way of waiting for confirmation.

Now we see a clear price channel, and as i see, the price is closer to the lower values than the higher ones. So.. what tells you that the hike is priced in if the price dropped so much in dovish boe comments and some mixed us data, and now the data and comments are starting to confirm the things who took us to the "mountain price" in the first place.

Lets forget about the extremes but, my common sense tells me that at least the price should be in the middle of the 1.9841 - 2.0131 consolidation range, which is closer to 2.0000 than the 1.98 values that you are targeting.

I guess you are confusing with situations when the uptrend was never interrupted and the price is really priced in. But we are in a short term downtrend so i guess that, there are lots of fuel to really price the hike this week. We are 200 pip away from the 2.0131 top, so i cant really understand what kind of "priced in" is that.

Well, i dont know... lets see.
  • #12,133
  • May 6, 2007 10:31am May 6, 2007 10:31am
I agree price of 25 base points is priced into market, everyone expects BOE to raise rates.

If we go back to when we hit 2.0131 there was talk of 50 base point hike due to high inflation reports from UK by many economists. Market reacted to this news and we saw this new high. After a short while since 2.0131 it became more apparent that BOE would likely raise by 25 base points which has coincided with cable dropping in value to current levels.

Lately we have had news in UK that 11,000 less mortgages have been arranged last month which in theory means bad news for uk housing market. Raising interest rates by 50 base points I believe will not happen. Also Tony Blair on Thursday is announcing his step doen from power for Gordan Brown to take over. Mr Brown loves to make out we have a great economy with low interest rates, a 50 base point hike will not do him any favours for his expected move to become PM!

I myself because I do like the odd gamble will short cable around interest rate announcement day because if we have no rate hike we will see massive drop. If 25 base point rise then I still think we will see a small drop as already priced into market and with many people will be longing is great opportunity for a big player to collect everyones money by going short. Therefore only a 50 base point would see large North move. More likely we will see 2 * 25 base point hikes in different months about.

Thats my gamble whcih may backfire greatly!
  • #12,134
  • Edited 11:23am May 6, 2007 11:03am | Edited 11:23am
Quoting el_duende
Also Tony Blair on Thursday is announcing his step doen from power for Gordan Brown to take over. Mr Brown loves to make out we have a great economy with low interest rates, a 50 base point hike will not do him any favours for his expected move to become PM!
The leadership election is an internal party decision, it is not a general election vote by the British public, and does not take place for several weeks.

Gordan Brown was the one who announced that the BOE would be independant from the Goverment in making interest rate decisions when Labour came to power in 1997. So i am sure Gordan Brown would welcome the BOE in a 50 base point hike if that was the best thing for the UK economy in the medium/long term.

I also think Gordan Brown prides himself over low inflation, rather than low interest rates. So it won't look so good for him if when the next General election takes place (2008/9) inflation is still rising and outside the comfort zone. Better to nip it in the bud now, and have room for a rate cut sweetener nearer the time...
  • #12,135
  • May 6, 2007 1:26pm May 6, 2007 1:26pm
Hi everyone,
GBP/USD was closed @ 1.9930
EUR/USD was closed @ 1.3593
I have a feeling that the following scenario will happen on Monday

GBP/USD will try to break 1.9940 which was the high of Friday and it will aprox reach 1.9950-1.9960, and then will go down to the daily pivot 1.9904 and it might go further down to reach around 1.9870

EUR/USD will try to go up to break 1.3610 it might reach 1.3620 but won't break it and then will go down to 1.3560-1.3570

I will wait and see if this could happen
From my side if GBP/USD failed to break 1.9950-1.9960, I'm short from there targeting 1.9810.
And for EUR/USD if failed to break 1.3620 I will short from them trageting 1.3530

Best regards and happy trading
  • #12,136
  • May 6, 2007 1:51pm May 6, 2007 1:51pm
Sarkozy = 1.3736, I mean EUR jumped to 1.3736
  • #12,137
  • May 6, 2007 1:52pm May 6, 2007 1:52pm
Back to 1.3600
  • #12,138
  • May 6, 2007 1:56pm May 6, 2007 1:56pm
2.0000 will be touch again at least........so there was 70 pips minimum to hunt.
I Deeply Love My Virtual Life In Virtual World , RLC
  • #12,139
  • May 6, 2007 3:09pm May 6, 2007 3:09pm
so 2h to go to open market...................and sarkozy has win....
eur will jump , how about g/u.......? hop hop hop same......
I Deeply Love My Virtual Life In Virtual World , RLC
  • #12,140
  • May 6, 2007 3:15pm May 6, 2007 3:15pm
Quoting notme32
so 2h to go to open market...................and sarkozy has win....
eur will jump , how about g/u.......? hop hop hop same......
Hi notme32
It's not a must that EUR will jump higher at the opening of the market, it might but not a must, and I still have the feeling that my scenario is the one to happen as shown in my post above, and it is not a must as well
283 traders viewing now, 6 are registered:
cobblecop
,
RSdecompose
,
Molaro
,
ericis
,
,
Ezn