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Cable Update (GBPUSD)

  • #17,841
  • Jul 9, 2007 1:48am Jul 9, 2007 1:48am
and now what .... now it will begin to fall ?
  • #17,842
  • Jul 9, 2007 1:49am Jul 9, 2007 1:49am
Quoting henrycarol
Nothing is illogical LOL

Market is full with speculators .......and losers

glad that ur a winner...

looks like cable just stretched itself again...im have a 'speculative' feeling that i might just catch the top of cable this week and ride downa 400 pip whammer over the next few weeks. Just speculating here, like most losers.

Lets play a new Game....who can catch the cable top.
  • #17,843
  • Jul 9, 2007 1:51am Jul 9, 2007 1:51am
Quoting venci
and now what .... now it will begin to fall ?
Just trade the number (trend) and not your emotions this is the simplest way to make money in FX market!
  • #17,844
  • Jul 9, 2007 1:51am Jul 9, 2007 1:51am
Quoting Bullfx
Why you long?
Coz he's infected by froland.. most of his post now only says.. "long cable long".. starting to sound like a hypnotist mantra..

But seems like cable also got affected by this mantra.. so (what da hell)..
"long cable long..."

  • #17,845
  • Jul 9, 2007 1:53am Jul 9, 2007 1:53am
Quoting 4x_Trader
Just trade the number (trend) and not your emotions this is the simplest way to make money in FX market!
Big words, but I bet no one could foresee this movement today. Not after the PPI data for sure.
  • #17,846
  • Jul 9, 2007 1:57am Jul 9, 2007 1:57am
Quoting 4x_Trader
Just trade the number (trend) and not your emotions this is the simplest way to make money in FX market!
Not applicable nowadays. Data comes out BAD - CABLE UP? WTF?
  • #17,847
  • Jul 9, 2007 1:59am Jul 9, 2007 1:59am
If you are watching......NFP double good numbers for USD and good revision for USD......but g/u went back up

Today not so good PPI numbers.......g/u went up.

Conclusion is .....something is brewing.......most likely speculators will push g/u much much more higher than say 2.0400, me thinks.


check out H4 and daily chart......then ull understand why.

No point in going short really.

It's summer and I don't think much reversals will happen.


GBP/JPY will keep on goin higher.......maybe 255, traders wanna take advantage of the yield..maybe after summer time.....they willl decide what to do.
  • #17,848
  • Jul 9, 2007 1:59am Jul 9, 2007 1:59am
Quoting MarkGavalda
Big words, but I bet no one could foresee this movement today. Not after the PPI data for sure.
Don't know for sure now. the traders => speculator. Fundamental / Technical analysis are dead.
  • #17,849
  • Edited 6:03am Jul 9, 2007 2:00am | Edited 6:03am
Cable is touching the 0150 but then is what?!

Weaker PPI datas, waeker retail sales, weaker confidence,
Morgage payers are paying the highest interest rate in the world and equity withdrawals start dropping. All of that, are showing an inflation presuure and signs for economic slowing down. So, the expectation for another rate hike in the next few months is turning off.
The right way for the cable for now is the down side
  • #17,850
  • Jul 9, 2007 2:01am Jul 9, 2007 2:01am
Quoting dd33
Coz he's infected by froland.. most of his post now only says.. "long cable long".. starting to sound like a hypnotist mantra..

But seems like cable also got affected by this mantra.. so (what da hell)..
"long cable long..."

not true, last week I was short from 2.0166.
  • #17,851
  • Jul 9, 2007 2:02am Jul 9, 2007 2:02am
Quoting henrycarol
If you are watching......NFP double good numbers for USD and good revision for USD......but g/u went back up

Today not so good PPI numbers.......g/u went up.

Conclusion is .....something is brewing.......most likely speculators will push g/u much much more higher than say 2.0400, me thinks.


check out H4 and daily chart......then ull understand why.

No point in going short really.

It's summer and I don't think much reversals will happen.


GBP/JPY will keep on goin higher.......maybe 255, traders wanna take advantage of the yield..maybe after summer time.....they willl decide what to do.
it sure sounds to me something is brewing...but i still dun understand why. I might also intepret it in someways that the big boys are luring us into a bull trap? Price not responding to relevant data suggests manipulation.
  • #17,852
  • Jul 9, 2007 2:03am Jul 9, 2007 2:03am
Quoting ndvt241
Cable is touching the 0150 but then is what?!

Weaker PPI datas, waeker retail sales, weaker confidence,
Morgage payer are paying the highest interest rate in the world and equity withdrawal start dropping. All of that, are showing an inflation presuure and signs for economic slowing down. So, the expectation for another rate hike in the next few months is turning off.
The right way for the cable for now is the down side
The right way for cable for now is the down side???

Who are you to determine that??

Are you GOD?

Are you at least SOROS?

Nope......then you can't possibly say which way is right or wrong.

Btw......GBP interest is NOT the highest in the world...blah.
  • #17,853
  • Jul 9, 2007 2:07am Jul 9, 2007 2:07am
Quoting henrycarol
If you are watching......NFP double good numbers for USD and good revision for USD......but g/u went back up

Today not so good PPI numbers.......g/u went up.

Conclusion is .....something is brewing.......most likely speculators will push g/u much much more higher than say 2.0400, me thinks.


check out H4 and daily chart......then ull understand why.

No point in going short really.

It's summer and I don't think much reversals will happen.


GBP/JPY will keep on goin higher.......maybe 255, traders wanna take advantage of the yield..maybe after summer time.....they willl decide what to do.
I think this is enough for you guys to decide where the market headed just follow the trend I learned this lesson the hard way!
  • #17,854
  • Jul 9, 2007 2:07am Jul 9, 2007 2:07am
Quoting ndvt241
Cable is touching the 0150 but then is what?!

Weaker PPI datas, waeker retail sales, weaker confidence,
Morgage payer are paying the highest interest rate in the world and equity withdrawal start dropping. All of that, are showing an inflation presuure and signs for economic slowing down. So, the expectation for another rate hike in the next few months is turning off.
The right way for the cable for now is the down side
Not true, cable is good for Carry Trade, coz the interest rate is catching up with AUD.
Same to speak of KIWI. Small country, my home country 1 Quarter GDP can beat NZ 1.5 years GDP but see how carry trade "carry" the currency up?
  • #17,855
  • Jul 9, 2007 2:09am Jul 9, 2007 2:09am
Quoting jest1081
it sure sounds to me something is brewing...but i still dun understand why. I might also intepret it in someways that the big boys are luring us into a bull trap? Price not responding to relevant data suggests manipulation.
spot on, this is what i'm trying to say. Same goes with Japan's data early this morning. Positive, but YEN weaker from 123.20's up to 123.60's.
  • #17,856
  • Edited 2:58am Jul 9, 2007 2:10am | Edited 2:58am
Quoting henrycarol
If you are watching......NFP double good numbers for USD and good revision for USD......but g/u went back up

Today not so good PPI numbers.......g/u went up.

Conclusion is .....something is brewing.......most likely speculators will push g/u much much more higher than say 2.0400, me thinks.


check out H4 and daily chart......then ull understand why.

No point in going short really.

It's summer and I don't think much reversals will happen.


GBP/JPY will keep on goin higher.......maybe 255, traders wanna take advantage of the yield..maybe after summer time.....they willl decide what to do.
But not to that point and not that fast
There are traders who are not willing to take a risk and over pay for cable. The Economy there is showing a sign of slowing down
  • #17,857
  • Jul 9, 2007 2:12am Jul 9, 2007 2:12am
Quoting zamans98
Not true, cable is good for Carry Trade, coz the interest rate is catching up with AUD.
Same to speak of KIWI. Small country, my home country 1 Quarter GDP can beat NZ 1.5 years GDP but see how carry trade "carry" the currency up?
bro why you shorting gbp/jpy???

u/j going down but g/j still up and holding........
  • #17,858
  • Jul 9, 2007 2:12am Jul 9, 2007 2:12am
I donīt understand why some people here try to trade fundamentals on intraday basis... I really can not understand......
Johann Channels and cycles are everything
  • #17,859
  • Jul 9, 2007 2:13am Jul 9, 2007 2:13am
Quoting manu.aquetdju
not true, last week I was short from 2.0166.
Your quotes seem so sure of yourself..... why is that? You don't seem phased by this risky speculation?
By the way is that pic an actual photo of you on stage or just some idol of yours?
  • #17,860
  • Jul 9, 2007 2:13am Jul 9, 2007 2:13am
Quoting jest1081
Lets play a new Game....who can catch the cable top.

Let's paly . I've taken a 1/2 short @ 2.0155 and have a limit for the other half @ 2.0170 with a stop couple of pips above the high. R:R looks good to me. But it colud be a quick looser as well
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