Cable Update (GBPUSD) | Page 23 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #441
  • Dec 1, 2006 12:07am Dec 1, 2006 12:07am
LOL
Yacob I dive the market without Fear.
  • #442
  • Dec 1, 2006 12:15am Dec 1, 2006 12:15am
It looks like a triangle is forming on the 30min and 1H charts, which would mean it's a good time to go long. Anyone else see it?

edit: Actually it looks like the uptrend might be continuing right now.
  • #443
  • Dec 1, 2006 12:27am Dec 1, 2006 12:27am
Well it looks like I was right about the triangle. I went long right after my last post and I'm up 45 pips already.
  • #444
  • Dec 1, 2006 12:36am Dec 1, 2006 12:36am
Quoting mickeymickey
Well it looks like I was right about the triangle. I went long right after my last post and I'm up 45 pips already.
We just cant seem to lose buying the pound.
Profit is where readiness meets Opportunity
  • #445
  • Dec 1, 2006 12:45am Dec 1, 2006 12:45am
It sure seems that way. I wonder how long this will keep up.

What are everybody else's profit targets? Think this will hit 9800?

Quoting FXopportunist
We just cant seem to lose buying the pound.
  • #446
  • Dec 1, 2006 12:47am Dec 1, 2006 12:47am
Quoting mickeymickey
It sure seems that way. I wonder how long this will keep up.
When a trend is this strong I just never know.
Profit is where readiness meets Opportunity
  • #447
  • Dec 1, 2006 12:59am Dec 1, 2006 12:59am
Quoting mickeymickey
It sure seems that way. I wonder how long this will keep up.

What are everybody else's profit targets? Think this will hit 9800?
I bought the dip also.....up 80 pips so far. How far you think she will go? lets just say i moved my sl up to 9700.....we will know how high she is willing to go around 12:00pm...... never know how far she will go until u let her ride u....rofl (give her a chance).
  • #448
  • Dec 1, 2006 1:07am Dec 1, 2006 1:07am
GBP only raise because G/J up like devil!
  • #449
  • Dec 1, 2006 1:10am Dec 1, 2006 1:10am
Quoting forexboomer
I bought the dip also.....up 80 pips so far. How far you think she will go? lets just say i moved my sl up to 9700.....we will know how high she is willing to go around 12:00pm...... never know how far she will go until u let her ride u....rofl (give her a chance).
It's hard to say. This is actually only my first week of live trading so I don't really have the experience to say. My stop loss is at 9700 as well, and I'm hoping that the London session will push the pound up to 9800.
  • #450
  • Dec 1, 2006 1:12am Dec 1, 2006 1:12am
Quoting sf2000
GBP only raise because G/J up like devil!
I can feel the wind of reversal now..
Yacob I dive the market without Fear.
  • #451
  • Dec 1, 2006 1:15am Dec 1, 2006 1:15am
Quoting yacob
I can feel the wind of reversal now..
how u can said like that?
  • #452
  • Dec 1, 2006 1:21am Dec 1, 2006 1:21am
Quoting kamalhassan
how u can said like that?
This is what i meant......dont listen to everything you hear!!!!
  • #453
  • Dec 1, 2006 1:23am Dec 1, 2006 1:23am
Quoting yacob
I can feel the wind of reversal now..
Feels like a strong tailwind pushing us up the hill for now.....when we roll over the top there are going to be some nice pips on the way back down....

come what may....hop on the trend.
  • #454
  • Dec 1, 2006 1:27am Dec 1, 2006 1:27am
Stock and bond investors continued to take divergent

views of the economy Thursday.



Treasury bonds soared, pushing the yield on the 10-year note to an 11-month low. The sharp fall in Treasury yields, which fall as prices rise, clearly betrays an expectation that the economy will slow.

But stock prices also rose Thursday, led by a sharp rally in the homebuilders -- considered by some observers to be among the economy's most vulnerable sectors. Stock investors, therefore, seem to be betting the economy will do just fine.

And without any Fed speakers Thursday to remind bond traders that inflation is still a concern, the bond rally got a bit out of hand. Various Fed officials, including FOMC chief Ben Bernanke, will speak Friday, and the bond market is likely to come off the boil again, sending yields rising back up.

"There are a few camps in the bond market," says Jack Malvey, chief fixed-income strategist at Lehman Brothers. "We would not be bond bulls and chase this rally."

The 10-year Treasury bond rallied 15/32, speeding its yield to 4.46% -- a low not seen since January. The 30-year bond jumped 26/32 to yield 4.56%, and the two-year note jumped 4/32 to yield 4.62%. An unexpected surge in initial jobless claims, mixed reports of November same-store sales and a surprisingly low reading of manufacturing activity in the Chicago area supported the bond bulls.
  • #455
  • Dec 1, 2006 1:28am Dec 1, 2006 1:28am
LOL... China will sell $1 Trillion soon.. Just joking..
Yacob I dive the market without Fear.
  • #456
  • Dec 1, 2006 1:34am Dec 1, 2006 1:34am
Quoting magicfx
Stock and bond investors continued to take divergent

views of the economy Thursday.



Treasury bonds soared, pushing the yield on the 10-year note to an 11-month low. The sharp fall in Treasury yields, which fall as prices rise, clearly betrays an expectation that the economy will slow.

But stock prices also rose Thursday, led by a sharp rally in the homebuilders -- considered by some observers to be among the economy's most vulnerable sectors. Stock investors, therefore, seem to be betting the economy will do just fine.

And without any Fed speakers Thursday to remind bond traders that inflation is still a concern, the bond rally got a bit out of hand. Various Fed officials, including FOMC chief Ben Bernanke, will speak Friday, and the bond market is likely to come off the boil again, sending yields rising back up.

"There are a few camps in the bond market," says Jack Malvey, chief fixed-income strategist at Lehman Brothers. "We would not be bond bulls and chase this rally."

The 10-year Treasury bond rallied 15/32, speeding its yield to 4.46% -- a low not seen since January. The 30-year bond jumped 26/32 to yield 4.56%, and the two-year note jumped 4/32 to yield 4.62%. An unexpected surge in initial jobless claims, mixed reports of November same-store sales and a surprisingly low reading of manufacturing activity in the Chicago area supported the bond bulls.
Forgive me, is this $+, or -?
  • #457
  • Dec 1, 2006 2:02am Dec 1, 2006 2:02am
Currently 1.9720 - 1.9750 ranges. I plan to hold until next week and gonna try it for 2.0 soon by next week perhaps. To pair with my strategy, putting SL around 1.96xx would be wise.
  • #458
  • Dec 1, 2006 2:05am Dec 1, 2006 2:05am
Dollar minus, In fact we will have to see what bernanke is going to say this afternoon, my guess is that the us is in reccession, the budget deficit and trade gaps need sorting, so the USD is being driven weaker without intervention. everyone is diversifying away from the dollar, hence the rise in gold, I am waiting for non farm payrolls for my next entry point, watch out for the whipsaw, and revisions, you heard it here first!

bond markets drive the dollar, traders drive the bond market! it could almost spiral out of control £3-$1 by the end of 2007? As traders did with tech stocks, Gold, Oil etc..
  • #459
  • Dec 1, 2006 2:22am Dec 1, 2006 2:22am
Quoting yacob
LOL... China will sell $1 Trillion soon.. Just joking..
see... china selling.. LOL
Yacob I dive the market without Fear.
  • #460
  • Dec 1, 2006 2:41am Dec 1, 2006 2:41am
Hello everybody!

Guys n gals, be careful there, today is friday, and some profit taking may occur. fridays are usually not so plesant to trade, and especially after such a week!

Good Luck everyone, and have a great weekend!

Rezo
493 traders viewing now, 2 are registered:
Altaf249
,
ricmaj