Cable Update (GBPUSD) | Page 775 | 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)

  • #15,481
  • Jun 22, 2007 2:55am Jun 22, 2007 2:55am
Quoting zamans98
hmm, good news.. Let short Cable... . Now I Q @1.9965... sure will get it when NY market open...
I thought markets discounted future events - both known and guessed. As Brown taking over is a 'known event', one would think it would make not a pip of difference. However, when the BOE failed to raise rates last time, the £ dropped heavily, even though 'everyone' expected rates to remain on hold. Perhaps the theory about markets discounting future news is wrong. As Blair was a warmonger and Brown might not be, perhaps the UK economy might do even better ? Brown is supposed to be credited with the UK's good performance (rather than Blair) - so more Brown and less Blair might be good for the £.
Personally, I am moving to Florida in November and praying as only a money grubbing atheist can, for 2.0300 before then
  • #15,482
  • Jun 22, 2007 3:09am Jun 22, 2007 3:09am
Quoting zamans98
I'm looking at 248, and well, its near....
i got stuck in cabl/yen. i went short. may average is 242.5. any one can give advise. thank you all.
  • #15,483
  • Jun 22, 2007 3:22am Jun 22, 2007 3:22am
Quoting allserene
I thought markets discounted future events - both known and guessed. As Brown taking over is a 'known event', one would think it would make not a pip of difference. However, when the BOE failed to raise rates last time, the £ dropped heavily, even though 'everyone' expected rates to remain on hold. Perhaps the theory about markets discounting future news is wrong. As Blair was a warmonger and Brown might not be, perhaps the UK economy might do even better ? Brown is supposed to be credited with the UK's good performance (rather than Blair) - so more Brown and less Blair might be good for the £.
Personally, I am moving to Florida in November and praying as only a money grubbing atheist can, for 2.0300 before then

Gordon Brown has been an excellent chancellor. I think much will depend upon who he chooses to fill his shoes in that role and the immediate impression he makes upon the markets.
quote of the day: . It's like deja-vu all over again
  • #15,484
  • Jun 22, 2007 3:27am Jun 22, 2007 3:27am
Lets face it ...they should have elections for that & u are right so its a known fact (he won 100% votes...yee kiss my ass he did), ...UK is still Monarchy (blue blood, lords, kings etc)....so the legimacy is given to him by not even being elected,...so this is bad for UK, and the scotish nationalst won the parliamentary elections in Scotland, so i think thats the main reason they pushed him to be the PM, ok. he was a financial "premier", and usually the financials are puted in the leadership,....what im trying to say is,...i dont care were it goes,...i invest in Scotland oil producers, (banks are not so volatile any more so its boring) which pays really fat dividend,...and i know that pound will lose some ground, they wouldnt vote for raising rates if they wouldnt be on the defensive strategy,...and dollar is a big story these days, it should raise, since stock markets begin to loose ground, for instance Asia is in the news again,...thats my personal opinion, dont trade that (Comprende?)....we might really break 2.0, to get some fresh shorts....LOL
about yen, who knows, it looks topish)
its just money
  • #15,485
  • Jun 22, 2007 3:46am Jun 22, 2007 3:46am
The main reason for Gordon Brown becoming premier was a deal struck privately between him and Tony Blair at the outset of their 'New Labour' strategy and has been common knowledge ever since.

The fact Brown is a scot serves to undermine his situation more than advance it. This is to do with the 'West Lothian Question' whereby since devolution Engilsh politicians in the House of Commons have had no power to vote on Scottish matters whereas Scottish MP's are still able to decide upon purely English affairs.

Granted he would not recieve 100% of the party support, however an overwhelming majority would have backed him and it would have been political suicide (in the near future) for anyone to oppose him.

Furthermore (and in purely our self interest) the uncertainty caused would have made the markets much more uncertain than they are.

As to the decision not to hold elections, this certainly has precedent. It was so after Thatcher was replaced by Major and many before have followed the same road.

A Prime minister does not posess the powers of a President. All political actions are discussed, built and decided upon in cabinet and presented to the commons. An election does not so much vote in a premier as vote in a ruling party who can select at will their own leader.

At the last election the Conservatives campaigned under the slogan 'Vote Blair, Get Brown' and singularly failed to gain any significant headway. This hasn't been a surprise suddenly foisted upon a bewildered public.

As for still being run via Royal Prerogative, please.
quote of the day: . It's like deja-vu all over again
  • #15,486
  • Jun 22, 2007 3:49am Jun 22, 2007 3:49am
I really think we may see a situation like november 15 2006 when the pound climbed for 2 weeks without retracement.
For he that would be deceived, let him.
  • #15,487
  • Jun 22, 2007 3:50am Jun 22, 2007 3:50am
Quoting ohb364
i got stuck in cabl/yen. i went short. may average is 242.5. any one can give advise. thank you all.
Well, seems that you're in RED, same situation like me 4 months ago, did not put a Stop Loss.

If your broker allows Hedging, then you may hedge your position. But hey, the swap fee is killing you...

Do not touch Geppy if you have small capital...
  • #15,488
  • Jun 22, 2007 3:51am Jun 22, 2007 3:51am
Quoting pinchapip
I really think we may see a situation like november 15 2006 when the pound climbed for 2 weeks without retracement.
nope, that won't happen here now. Maybe Geppy (GBP/YEN)...
  • #15,489
  • Jun 22, 2007 4:04am Jun 22, 2007 4:04am
chart 4h .... double tops ??
  • #15,490
  • Jun 22, 2007 4:10am Jun 22, 2007 4:10am
triple bearish divergence off the 1h
bearish divergence off the 4h

triple bullish divergence eur/gbp 4h
Attached Image
  • #15,491
  • Jun 22, 2007 4:17am Jun 22, 2007 4:17am
Short @ 1.9930 was finally stopped out @ 1.9955, opened new one @ 1.9955 SL 1.9975, and I cancelled my long order, won't go long in this area
  • #15,492
  • Jun 22, 2007 4:48am Jun 22, 2007 4:48am
Quoting pino2
Short @ 1.9930 was finally stopped out @ 1.9955, opened new one @ 1.9955 SL 1.9975, and I cancelled my long order, won't go long in this area
I closed it with +2, not comfortable with it
  • #15,493
  • Jun 22, 2007 4:51am Jun 22, 2007 4:51am
Just woke up and cable has put 50 pips range day already... Well, it's Friday, I'm tempted to add to my long
  • #15,494
  • Jun 22, 2007 5:00am Jun 22, 2007 5:00am
Quoting cesarnc
Just woke up and cable has put 50 pips range day already... Well, it's Friday, I'm tempted to add to my long
tarde.
BAM BAM BOOM! -bravado
  • #15,495
  • Jun 22, 2007 5:03am Jun 22, 2007 5:03am
Quoting bravado
tarde.
You are "tarde"....

Added 9949


It's worth the risk. 9936 resistance yesterday, may support now. SL 9925. Risk is breaking 9936 back down. reward, breaking 9963 (previous toppish) + flerting with Ms. 2.0
  • #15,496
  • Jun 22, 2007 5:21am Jun 22, 2007 5:21am
Quoting cesarnc
Added 9949
here is to cable rocketing up then.
got my sl set tight. i can't go wrong at this point.

let it roll.
BAM BAM BOOM! -bravado
  • #15,497
  • Jun 22, 2007 5:23am Jun 22, 2007 5:23am
Quoting bravado
here is to cable rocketing up then.
got my sl set tight. i can't go wrong at this point.

let it roll.
you short?
  • #15,498
  • Jun 22, 2007 5:23am Jun 22, 2007 5:23am
Quoting cesarnc
you short?
no.

i'm excellent.
BAM BAM BOOM! -bravado
  • #15,499
  • Jun 22, 2007 5:29am Jun 22, 2007 5:29am
Quoting bravado
no.

i'm excellent.
lolz
  • #15,500
  • Jun 22, 2007 5:30am Jun 22, 2007 5:30am
Quoting pino2
I closed it with +2, not comfortable with it
this one still look bullish.. are you playing counter trend??
470 traders viewing now, 1 is registered:
CPUmice