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Cable Update (GBPUSD)

  • #19,261
  • Jul 17, 2007 9:52am Jul 17, 2007 9:52am
Quoting soros_junior
#5 is definately going to be breached today before NYC session ends... just wait and see

the good news is , we as traders do not care which way.

If it gets breached (may your wish come true), then I ride along.

If not...then I ride the wave down.

Happy surfing.

WHere is soros who shorted pound at this level... ? he made a billion, u remember?
Pipology 101 student
  • #19,262
  • Jul 17, 2007 9:55am Jul 17, 2007 9:55am
Quoting krishna
Hi

To Everyone Those Who Know Me,n Who R Willing To Know Me,
.....

Lord Of Fx "krishna"



I love this fourm more than the classical music
  • #19,263
  • Jul 17, 2007 9:59am Jul 17, 2007 9:59am
Quoting karmostaji
Krishna, go back to school and learn how to type.

maybe all that typing she just did is just in disguise. she really know what shes saying and just playing dumb to all the men in this forum. just might thought. better listen to her
  • #19,264
  • Jul 17, 2007 9:59am Jul 17, 2007 9:59am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Hi Krishna, this is a harsh place to be so bold. but your numbers do somewhat agree with mine.

prove yourself before screeming look at me.

when you are right, be polite and cast your next view, this is a great forum so happy trading and welcome.
  • #19,265
  • Jul 17, 2007 10:03am Jul 17, 2007 10:03am
im with krishna. i dont think the pound will rally past 550. it will take a really weak u.s. economy to have the pound past 550 or more. the u.s. economy is weak but its not that weak.
  • #19,266
  • Jul 17, 2007 10:08am Jul 17, 2007 10:08am
Quoting treadline
im with krishna. i dont think the pound will rally past 550. it will take a really weak u.s. economy to have the pound past 550 or more. the u.s. economy is weak but its not that weak.
lol, thats what they said abut 2.0130 !
“Past performance is not indicative of future results”
  • #19,267
  • Jul 17, 2007 10:10am Jul 17, 2007 10:10am
[quote=pinchapip;1497339]
They cheated on the elections, made up 9/11quote]
SO TRUE D.
If 2.050 broken and if it holds it is more likely we are gona see 2.1 then 2.0, trust me, thats forex.
its just money
  • #19,268
  • Jul 17, 2007 10:11am Jul 17, 2007 10:11am
Quoting soros_junior
thanks for the tips but no thanks... i'm seeing 2.1000 instead... why stop at 2.0550 when you can go further to 2.1000 and 3.0000?
What would constitute a dollar crash ? is 2.07, 2.10 just a downward movement ? an adjustment ? continuation of a trend ? just what would a serious move out of greenbacks mean in terms of cable ? is this process now happening right now ?
Looking at the chart since 2004 and not the last few minutes, there had to come a point of runaway acceleration in the downward slide - holders of USD have to come to a point of capitulation on a macro scale - for us its a couple of hundred pips - for the really big players this slide over the years must be immense...the first 5% of holders getting out from now will get better than 2.10 - what will the others have to accept ?
I have stopped buying 'real' USD until this thing stops convincingly - I bet I am not the only one... I thought I was clever waiting from 1.74 to 2.00 and getting more than 2.00 for my GBP- but I wonder if I paid too much looking at possible rates over say the next 18 months...It's an abyss - what is the figure for a dollar collapse ?
  • #19,269
  • Jul 17, 2007 10:11am Jul 17, 2007 10:11am
Quoting treadline
im with krishna. i dont think the pound will rally past 550. it will take a really weak u.s. economy to have the pound past 550 or more. the u.s. economy is weak but its not that weak.
next week 2.0550 will be history... then u'll be saying the pound would not past 2.2000 as the us economy is not that week...
  • #19,270
  • Jul 17, 2007 10:12am Jul 17, 2007 10:12am
[quote=de123;1497461]
Quoting pinchapip
They cheated on the elections, made up 9/11quote]
SO TRUE D.
If 2.050 broken and if it holds it is more likely we are gona see 2.1 then 2.0, trust me, thats forex.

well im not saying im 100% correct on my analysis. its just my speculation.
  • #19,271
  • Jul 17, 2007 10:12am Jul 17, 2007 10:12am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting gobigo12
lol, thats what they said abut 2.0130 !

Yes, but .0550 has been my target since .000, it a tech top on the trend line, whereas .0130 was a mere resistance/support point, overall the trend is long but the correction will be back into the 1.94's and then a further drive up.
  • #19,272
  • Jul 17, 2007 10:12am Jul 17, 2007 10:12am
It's not about certain prices being eternal reversal spots.

There will however come an "eject button" point at which the 3-8 week impulse ends and we enter a period of consolidation.
That translates to roughly 1-2 months of this thread saying "up, down, sideways, stupid cable, can't make up it's mind!" then a drop to a certain "bargain" pickup level at which point most people will be bearish and another 600-900 pip run up will start which most folks will short for 30-80% of it's entirety.

At least that's my guess from observing posts here occasionally for a year
Trust price. Know yourself.
  • #19,273
  • Jul 17, 2007 10:13am Jul 17, 2007 10:13am
Quoting benssol


I love this fourm more than the classical music
It Was The Typing That Did It For ME.
All Of The First Letters In Capts. !
“Past performance is not indicative of future results”
  • #19,274
  • Jul 17, 2007 10:14am Jul 17, 2007 10:14am
soros
Trade what you see, not what you think.
  • #19,275
  • Jul 17, 2007 10:14am Jul 17, 2007 10:14am
Quoting allserene
What would constitute a dollar crash ? is 2.07, 2.10 just a downward movement ? an adjustment ? continuation of a trend ? just what would a serious move out of greenbacks mean in terms of cable ? is this process now happening right now ?
Looking at the chart since 2004 and not the last few minutes, there had to come a point of runaway acceleration in the downward slide - holders of USD have to come to a point of capitulation on a macro scale - for us its a couple of hundred pips - for the really big players this slide over the years must be immense...the first 5% of holders getting out from now will get better than 2.10 - what will the others have to accept ?
I have stopped buying 'real' USD until this thing stops convincingly - I bet I am not the only one... I thought I was clever waiting from 1.74 to 2.00 and getting more than 2.00 for my GBP- but I wonder if I paid too much looking at possible rates over say the next 18 months...It's an abyss - what is the figure for a dollar collapse ?
the process of dollar collapsing is indeed happening right now... u r witnessing one of the biggest history in financial market... the fall & doom of usd.... believe me... in 1 or 2 year time dollar will be like the iraqi dinnar and indonesian rupiah... u can come to america bring 100 pound and become a millionnaire in USD
  • #19,276
  • Jul 17, 2007 10:16am Jul 17, 2007 10:16am
I think the globalist might do away with the dollar all together and replace it with the amero ...
  • #19,277
  • Jul 17, 2007 10:16am Jul 17, 2007 10:16am
FX: EURUSD consolidates for the 5th straight day, buyers dominate at 1.3755/60 & sellers evident at 1.3800-10. Similarly USDCHF has managed to hold within recent ranges, albeit with a false break lower this mrng. Buyers still expected below 1.2000 with stops below 1.1970, sellers noted at 1.2030/40. GBPUSD has reached a high of 2.0474 today with bidding now at 2.0440, & option interest at 2.0500.
its just money
  • #19,278
  • Jul 17, 2007 10:17am Jul 17, 2007 10:17am
USD will be replaced with the Iranian Toman
Trade what you see, not what you think.
  • #19,279
  • Jul 17, 2007 10:17am Jul 17, 2007 10:17am
Calling for a yearly top or bottom in ANY market with 5 months to go just shows ignorance.

Which sometimes around here, there is no shortage of.
  • #19,280
  • Jul 17, 2007 10:18am Jul 17, 2007 10:18am
I Have Been To School Of Fx,
So I Don;t Think That I Need To Go Again,

Time Will Be My Witness What I Say Is It Going To Be Or Not,
Than We Will See Who Is Supposed To Go School,or Who Was On Plane?

One More Small Indication For All Of U,
Just See The Other Currencies N Dollar Index,
Only Cable Is Moving Higher,
Eur/aud/nzd No One Is Supporting Him,

Which Shows A Clear Picture For Cable,that All Have Found There Highs But Cable Still Has To,which Is Finally At 2.0555

"lord Of Fx"

krishna"
LIVE LOVE LAUGH KRISHNA
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