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Cable Update (GBPUSD)

Quoting SunTrader
Now I know why I bother reading this forum.

It's not for the calls, although have made some really good ones.

It's definitely not the, cable is going to kabillion or zero rants.

It is the brasilian and british humor.

+ + +

Now I have to nominate best post from today of about 8 pages back.

Something along the lines of:

If cable doesn't go up or down it definitely will have sidways action. If it has a pulse I would hope so. Someone else got me thinking about Euro-land closing down for hot summers. With global warming will they soon take off from April-November? You know France will.
We beat the Brits in soccer all the time so...give us an edge when you choose !!!http://www.forexfactory.com/images/icons/icon10.gif
For he that would be deceived, let him.
Brazil won COPA but sacrificed 200 lives...
If not dead in the stadium, elsewhere.
I'm sorry for those on board and their families.

We WILL see 2.0400 in a day or two...
Quoting chaoz
This Damn Cable won't goin down. what if there is no correction this time? "there will be always the first time for everything"
what if that damn shit really happen it's happening now

enough for me today. gain 43p. thanx soros for your optimistic.

Analysts were not yet convinced the rally was sustainable as recent spikes had prompted investors to take profits.

"We are not really picking up a clear trend in British Pound at the moment," said David Holmes, director of Institutional forex at at Dresdner Kleinwort Investment Bank.
"The market is generally long with a positive outlook, but the trouble is that there is no new money flowing"
Dow -120.

Bear Stearns bastards
Quoting allserene
Actually, buying a share in Microsoft or barclays bank or bp is gambling as far as i am concerned - and getting married ? - phew that's a blank cheque and a hostage to fortune - investing all your wordly wealth and happiness to a person headed for the menopause ? - now that's gambling !

ROFL thats a great one, im married but to this day not sure u can trust anything that bleeds for 7 days and doesnt die
"Millionaires don't use astrology, billionaires do"
What gets me is that I'm making all this fat profit on cable, but at this rate when the time comes to transfer my cash back into good old British Pounds its only just going to be enough to cover a gorilla suit.
:confused: quote of the day: . It's like deja-vu all over again
Nothing new from Benny's mouth....hes just going to make foriegn investors stay away from US assest.....idiot....
Quoting OrionsWay
ROFL thats a great one, im married but to this day not sure u can trust anything that bleeds for 7 days and doesnt die
I know what are you guys talking about... Hey.. there's ladies in the house too...
Quoting zamans98
Analysts were not yet convinced the rally was sustainable as recent spikes had prompted investors to take profits.

"We are not really picking up a clear trend in British Pound at the moment," said David Holmes, director of Institutional forex at at Dresdner Kleinwort Investment Bank.
"The market is generally long with a positive outlook, but the trouble is that there is no new money flowing"


Spot the trend.
Attached Image (click to enlarge)
Click to Enlarge Name: trend.jpg Size: 24 KB
:confused: quote of the day: . It's like deja-vu all over again
Quoting zamans98
I know what are you guys talking about... Hey.. there's ladies in the house too...

No disrespect, i love women
"Millionaires don't use astrology, billionaires do"
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
Quoting zamans98
I know what are you guys talking about... Hey.. there's ladies in the house too...
Yeah...tell them

I heard women can be better traders then us...so...

bleeds for 7 days...
forget it man the dollar is doomed.
good trade today ( (GOLD) )
Quoting persian.forex
good trade today ( (GOLD) )
Yes, similar gains as september crude (+1.2%)
But spot silver even better (+2.3%).

Market snapshot right now:
Commodities = Bullish
Stocks = Bearish
USD = Bearish
Quoting enoc2g
forget it man the dollar is doomed.
http://i141.photobucket.com/albums/r...0/dbrn254l.jpg
damn, i have never felt this confused in my trading life. I don't know what to do, wait or enter. waiting is the best option i know but...you know..human mind.
I made few desperate trades, and I was knocked on my head. Process of learning i guess, 3 trades on different pairs and all 3 felt like a huge baseball bat shoved at my a$$.

I will relax, sleep, rejuvenate, and will be back for attack like a injured tiger. I will be back...back with a vengeance back at Asia open.
If cable is unable to close above 2.0550 today, I think a short position will have an excellent R:R ratio. Potential profit before the end of the week should then be at least 150 pips.
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Just read this, can anyone explain it


17:13 US TECHS: Bear-Flag Pattern Seeing Follow Through for Dollar Boston,
July 18. Daily charts have seen a bear-flag pattern for the Dollar Index
developing over the last few days and today's weakness is starting to see follow
through for this pattern as the index attacks the prior low from December 2004
at 80.39. A close below there today would be a strong indication that the
market is on a path toward 1992 lows at 78.70.
While there are clearly some deeply oversold momentum studies for this
market in different time frames, it does not appear to be the time to try and
find a reversal point for the trend. The pattern of lower lows and lower highs
on the weekly chart is not a pattern that should be faded.
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