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Cable Update (GBPUSD)

  • #17,241
  • Jul 5, 2007 6:38am Jul 5, 2007 6:38am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting BGazzoni
So am I. Good luck
Can you enlighten the new trader as to why short now, everything looks to be going up.
  • #17,242
  • Jul 5, 2007 6:39am Jul 5, 2007 6:39am
Quoting DutchTrader
Gearing up for another 2.0200 test me thinks.
I think it will break 2.0200,....
Added longs,...
  • #17,243
  • Jul 5, 2007 6:40am Jul 5, 2007 6:40am
Watch eur/gbp
Patience + Humility + Study = Success
  • #17,244
  • Jul 5, 2007 6:42am Jul 5, 2007 6:42am
Master Cesar what is your target if it breaks 2.0200?
  • #17,245
  • Jul 5, 2007 6:42am Jul 5, 2007 6:42am
Quoting MPP
Can you enlighten the new trader as to why short now, everything looks to be going up.
It's going up, but in near future the pound will feel the pressure for higher prices and US may recover now from summer and i will continue add short positions in GBP looking for 1.9900. It's a long term trade
No Brain, no Gain.
  • #17,246
  • Jul 5, 2007 6:42am Jul 5, 2007 6:42am
i dun really like how the price is forming on the hourlyi think we have a decent resistance at 200...maybe i'll just sit back and enjoy the drama for the next 8-16 hours...
  • #17,247
  • Jul 5, 2007 6:42am Jul 5, 2007 6:42am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting DutchTrader
Watch eur/gbp
How will this help?
  • #17,248
  • Jul 5, 2007 6:43am Jul 5, 2007 6:43am
Only 40 pips up???

Cable is out of steam.....

I think the bulls will have a surprise...soon !!!!!!
For he that would be deceived, let him.
  • #17,249
  • Jul 5, 2007 6:46am Jul 5, 2007 6:46am
Henrycarol is in the room!

  • #17,250
  • Jul 5, 2007 6:47am Jul 5, 2007 6:47am
Quoting angiegiles00
Hi there - I am doing same trade, but looking at .9990/95 Was not going to trade today, but have thought long and hard and going for it..

Good Luck....
Funny thing with increase pounder couldnt even take out that 4hr upthrust yesterday early morning. Think we are in good shape near term, maybe wrong, still have the fix, Chunnel is key to cable near term
"Millionaires don't use astrology, billionaires do"
  • #17,251
  • Jul 5, 2007 6:48am Jul 5, 2007 6:48am
Quoting pinchapip
Only 40 pips up???

Cable is out of steam.....

I think the bulls will have a surprise...soon !!!!!!
are you short ?
  • #17,252
  • Jul 5, 2007 6:48am Jul 5, 2007 6:48am
Quoting MPP
How will this help?
I think he is suggesting that you will be able to guage GBP sentiment in this pair without USD in the equation....

Hope this helps
  • #17,253
  • Jul 5, 2007 6:49am Jul 5, 2007 6:49am
still more news to come out, be patient my friends
Trade what you see, not what you think.
  • #17,254
  • Jul 5, 2007 6:49am Jul 5, 2007 6:49am
Price action petered out above 2.0200. Interesting. Eur/Gbp selling has stopped for now, I think we consolidate till Trichets presser.
Patience + Humility + Study = Success
  • #17,255
  • Jul 5, 2007 6:50am Jul 5, 2007 6:50am
Quoting manu.aquetdju
are you short ?
I trade news in a hedge grid....if it goes up or down I still make money...but on the long run I think cable is berish
For he that would be deceived, let him.
  • #17,256
  • Jul 5, 2007 6:51am Jul 5, 2007 6:51am
Quoting pinchapip
Only 40 pips up???

Cable is out of steam.....

I think the bulls will have a surprise...soon !!!!!!
F/off with the fundamentals analysis.
Nothing is for sure lately. Speculation is the KING!
  • #17,257
  • Jul 5, 2007 6:53am Jul 5, 2007 6:53am
Quoting zamans98
F/off with the fundamentals analysis.
Nothing is for sure lately. Speculation is the KING!
hehheheheh...are you long ???
For he that would be deceived, let him.
  • #17,258
  • Jul 5, 2007 6:53am Jul 5, 2007 6:53am
Quoting zamans98
F/off with the fundamentals analysis.
Nothing is for sure lately. Speculation is the KING!
Sounds like a holder of a weak long
Patience + Humility + Study = Success
  • #17,259
  • Jul 5, 2007 6:54am Jul 5, 2007 6:54am
Here is some fundies, gbp is about to adopt into euro in near future, parity will be a must for this, so can Euro rise or can lbs fall for such a balance, The latter seems more logical me thinks.
"Millionaires don't use astrology, billionaires do"
  • #17,260
  • Jul 5, 2007 6:55am Jul 5, 2007 6:55am
Quoting DutchTrader
Sounds like a holder of a weak long
heheheh...dont think he will be long for very long Dutch !!!!
For he that would be deceived, let him.
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