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Cable Update (GBPUSD)

  • #18,201
  • Jul 11, 2007 5:25am Jul 11, 2007 5:25am
Quoting Mindaugas
In my way of thinking, cable is going to retrace soon. Just take a look. Comments are welcome.
Mindaugas yeah that's a possibility. My trendlines show it could hit 2.0345, but not further than that, who knows though.


I guess ..... Geroge Soros to the rescueeeeee !!!! Hehe
  • #18,202
  • Jul 11, 2007 5:26am Jul 11, 2007 5:26am
I have read that Soros is bearish on dollar in long term. He is Long Cable Long.
  • #18,203
  • Jul 11, 2007 5:27am Jul 11, 2007 5:27am
Quoting zoheir
Thanks for the replies, that really helps, but I guess the thread name shouldn't be called "Cable Update" cause that's a bit on the serious side! thank you gentlemen ... bye
Oh dear Mr Grumpy - personal brags and personal despair are all part of judging the mood of participants in the market - plus which trading alone is isolating and being part of 'something' helps everyone with that. So a few 'asides' are fine I reckon...
The serious stuff and technical analysis cuts in pretty quickly and increases in volume as soon as the market gets uncertain...
Trying to make money should be fun as well as financing your spendthrift kids..
  • #18,204
  • Jul 11, 2007 5:27am Jul 11, 2007 5:27am
Quoting LazyPip
It's just a fact that even I became more confused reading this thread than anything else at times. It does have some good analysis, but maybe for the really new people they might mix up things a bit, and lose money believing in everything they read.

I see no problem in being funny once in a while, though...
That's because, since 2.0000, everytime Cable is going UP, you start seeing posts proving without any shadow of doubt that it is going DOWN fast and furious right in the next candle.

Today, I'm plain and simple. Frankfurt open 0275 is my mark. London tested from the upside and failed. Then put 0315. This is BULLISH to me in the immediate term, no trendline, no fibo, no bullshit

My stop is at the breach of the 0275 mark I gave myself.
  • #18,205
  • Jul 11, 2007 5:31am Jul 11, 2007 5:31am
GBP sure is showing strength across the board against other currencies.
  • #18,206
  • Jul 11, 2007 5:43am Jul 11, 2007 5:43am
i think 2.0344 is the possible tip of iceberg im not saying it will be a short but more that anything it should stall. If i get a signal to short i will take it because im trying to be mechanical with all my trading but ill only use 1% or 5%. i think if you get the signal, you have to take it if your signals are making you money.
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  • #18,207
  • Jul 11, 2007 5:46am Jul 11, 2007 5:46am
Maybe my idea of shorting wasn't too crazy after all... waiting for the signal.
  • #18,208
  • Jul 11, 2007 6:00am Jul 11, 2007 6:00am
http://www.forexfactory.com/C:\Users\kotan\Desktop
  • #18,209
  • Jul 11, 2007 6:04am Jul 11, 2007 6:04am
Quoting JosV
Maybe my idea of shorting wasn't too crazy after all... waiting for the signal.
  • #18,210
  • Jul 11, 2007 6:06am Jul 11, 2007 6:06am
I'm watching USDCHF like a hawk. If 1.2000 goes, it's going to get ugly
  • #18,211
  • Jul 11, 2007 6:11am Jul 11, 2007 6:11am
& gold has broken R on weekly , hurray!
its just money
  • #18,212
  • Jul 11, 2007 6:11am Jul 11, 2007 6:11am
Quoting prentwo
i think 2.0344 is the possible tip of iceberg im not saying it will be a short but more that anything it should stall. If i get a signal to short i will take it because im trying to be mechanical with all my trading but ill only use 1% or 5%. i think if you get the signal, you have to take it if your signals are making you money.
Prentwo
Well done for sticking to your plan! It is all to easy for one to get distracted at the moment, hope it works out for you....
  • #18,213
  • Jul 11, 2007 6:14am Jul 11, 2007 6:14am
Quoting de123
& gold has broken R on dailly, hurray!
What price? Seen that 666 is right around the corner. Who's willing to trade that price?
  • #18,214
  • Jul 11, 2007 6:16am Jul 11, 2007 6:16am
Quoting cesarnc
What price? Seen that 666 is right around the corner. Who's willing to trade that price?
Devil himself
  • #18,215
  • Jul 11, 2007 6:17am Jul 11, 2007 6:17am
Quoting manu.aquetdju
Devil himself
Is he dollar short, too?

Why am I surprised?

  • #18,216
  • Jul 11, 2007 6:18am Jul 11, 2007 6:18am
its just money
  • #18,217
  • Jul 11, 2007 6:19am Jul 11, 2007 6:19am
Quoting cesarnc
Is he dollar short, too?

Why am I surprised?

He is Long Cable Long
  • #18,218
  • Jul 11, 2007 6:25am Jul 11, 2007 6:25am
It's cold and rainy here in Norway.
So not the right time for shorts today.

Seriously, this is the right time to be long oil and short dollars.
That's my current positioning in the market.

I'm still not worried about cable. It will at least reach 1.0400 before something serious happens, probably substantially higher.

Still long cable.
  • #18,219
  • Jul 11, 2007 6:27am Jul 11, 2007 6:27am
if 2.0366 is broken, next target 2.11
its just money
  • #18,220
  • Jul 11, 2007 6:29am Jul 11, 2007 6:29am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
Quoting de123
true...., but weekly stohastic says we are slowly coming in Resistance area, but futures are expired sept. 15....((i guess many americans are going to holiday in UK & Europe, more then vice versa, we hate those burgers))
hey de123,

As I noticed we are coming from the same country "on the sunny side of the Alps"
Long time you didnt post here on cable thread and I said first time I notice you I would say hi. O.K--- HI THEN

I miss all oportunities in London trading time and it is really not nice too look at this chart after it made its great move same as yesterday.Hope you all made some pips today (hope trades are still running) and yesterday in the dollar sell-off.
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