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Cable Update (GBPUSD)

  • #22,221
  • Aug 2, 2007 10:38am Aug 2, 2007 10:38am
maybe i get my 405 fill wooohooo
"Millionaires don't use astrology, billionaires do"
  • #22,222
  • Aug 2, 2007 10:41am Aug 2, 2007 10:41am
Quoting Tragapips
yessss

whohoo, R1 at 0348.
  • #22,223
  • Aug 2, 2007 10:44am Aug 2, 2007 10:44am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting OrionsWay
maybe i get my 405 fill wooohooo
hi I have a 23.6% fib at .0409, I was looking to go short there. i know this is only a few pips but sometimes it makes all the difference.

would you mind sharing the reason behind the .0405.

many thanks
  • #22,224
  • Aug 2, 2007 11:03am Aug 2, 2007 11:03am
Curiously my 261.8 channel line cross around that level

Edit: BTW all my average price lines are pointing up

http://img167.imageshack.us/img167/3...7105817bx9.png
Johann Channels and cycles are everything
  • #22,225
  • Aug 2, 2007 11:18am Aug 2, 2007 11:18am
Quoting pinchapip
Again...I really wish for you to be right ndvt241, but IMHO don't even bother about the next interest rate hike....just focus on the next MINUTES, if you have something like 4 to 5 it will send our beloved cable to the STRATOSPHERE.

America (dollar) has lost too much confidence over the last few years at the expense of the clowns we have at the white house.

This administration is made of fools and crooks. The fools think they can do whatever they want for as long they want, and the crooks are cashing in while the fools have their party. As long as this situation stands America...the dollar...etc will keep going down the drain
If you can't beat em - join em...
  • #22,226
  • Aug 2, 2007 11:18am Aug 2, 2007 11:18am
this should touch 0405 before heading south oh my
  • #22,227
  • Aug 2, 2007 11:27am Aug 2, 2007 11:27am
Quoting MPP
hi I have a 23.6% fib at .0409, I was looking to go short there. i know this is only a few pips but sometimes it makes all the difference.

would you mind sharing the reason behind the .0405.

many thanks

yea i set it at the 100 bar ma a while back on 4hr
"Millionaires don't use astrology, billionaires do"
  • #22,228
  • Aug 2, 2007 11:40am Aug 2, 2007 11:40am
Quoting allserene
If you can't beat em - join em...
Join Cheney and his puppets...never !!!

I will join the Brits instead...... long live the Queen....long cable long !!!!!!
For he that would be deceived, let him.
  • #22,229
  • Aug 2, 2007 11:51am Aug 2, 2007 11:51am
short cable short... just my thought.
  • #22,230
  • Aug 2, 2007 12:07pm Aug 2, 2007 12:07pm
Move to England! One less problem here! Don't let the door hit you in the Butt!! Thats what I think about peeps who don't like what is going on here in the good old USA!! Not perfect here, but i have seen most all other Countries outside the (US) and it is still the best. Good luck on your Buy of LB
Quoting pinchapip
Join Cheney and his puppets...never !!!

I will join the Brits instead...... long live the Queen....long cable long !!!!!!
  • #22,231
  • Aug 2, 2007 12:23pm Aug 2, 2007 12:23pm
Quoting Mrpipmaster
Move to England! One less problem here! Don't let the door hit you in the Butt!! Thats what I think about peeps who don't like what is going on here in the good old USA!! Not perfect here, but i have seen most all other Countries outside the (US) and it is still the best. Good luck on your Buy of LB
There ya go !!! One more victim of the Cheney/Bush propaganda....

....if you are against this administration, you are against America....yada....yada...yada....


I don't buy it.....I DO LOVE AMERICA !!!!

My love for America is besides the fact. I still think that the cable will go north...BIIIIG TIME
For he that would be deceived, let him.
  • #22,232
  • Aug 2, 2007 12:58pm Aug 2, 2007 12:58pm
long Eur 3651.............limit.........active
long Cbl 0244.............limit.........active
long Chf 2038.............limit.........active
short Cad 0680...........limit.........active

Pending orders
long Eur 3680............limit..........active
long Cbl 0340............limit..........active
short Cad 0550.........limit...........active

Breeze
  • #22,233
  • Aug 2, 2007 1:00pm Aug 2, 2007 1:00pm
Quoting shahizan
short cable short... just my thought.
Just my wish...

everytime I wish, it pops 20 pips up, though. :
  • #22,234
  • Aug 2, 2007 2:21pm Aug 2, 2007 2:21pm
Quoting pinchapip
Again...I really wish for you to be right ndvt241, but IMHO don't even bother about the next interest rate hike....just focus on the next MINUTES, if you have something like 4 to 5 it will send our beloved cable to the STRATOSPHERE.

America (dollar) has lost too much confidence over the last few years at the expense of the clowns we have at the white house.

This administration is made of fools and crooks. The fools think they can do whatever they want for as long they want, and the crooks are cashing in while the fools have their party. As long as this situation stands America...the dollar...etc will keep going down the drain
===========================

I will be a cable buyer if the next minutes come out 4 to 5 (going with the trend) But, what is going to happen to UK'S Stocks after few rate hike (like what you said)? another crash and carry trade unwinding, sub prime problem, etc..
I am not defending the dollar but most the dollar's troubles has been priced already; interest rate cut, sub-prime, slowing economy..etc. in spite of all, I think the US Wide economy is able to take all that troubls, and the Dollar still called the SAFE HEAVEN where the investors run to during the market crashes.

They are talking about the sub-prime problem; the whole damages caused by that problem will not exceed the $45 billions and that number will not be consider as a big deal for the US economy.
Possible, the FED want the dollar little cheapper but if they want it higher may be they can do it too.
  • #22,235
  • Aug 2, 2007 2:51pm Aug 2, 2007 2:51pm
I agree all politicians are criminals but i have to choose the lesser of two evils. I also agree the Pound will hit 2.1000, but its more than just the current administration problem. This is what happens when you have a grid lock in both house and senate. Have a good one!!

Quoting pinchapip
There ya go !!! One more victim of the Cheney/Bush propaganda....

....if you are against this administration, you are against America....yada....yada...yada....


I don't buy it.....I DO LOVE AMERICA !!!!

My love for America is besides the fact. I still think that the cable will go north...BIIIIG TIME
  • #22,236
  • Aug 2, 2007 2:59pm Aug 2, 2007 2:59pm
The idea of a safe haven dollar is slowly fading away because of the morons we have in command right now. No government is perfect but when you have a dummy president and an administration that lies straight face, people start to wonder...you know Lincoln's quote "You can fool all the people some of the time, and some of the people all the time, but you cannot fool all the people all the time."

Don't take me wrong...I'm a dollar bull !!! I wish the dollar were strong, I wish the economy was doing better....I have shorts that I wish I could save, but emotions aside I think our currency is cooked. I guess unless some profound changes happen here in the states, the dollar, on it's best day will be nothing more than a dead cat bouncing.
For he that would be deceived, let him.
  • #22,237
  • Aug 2, 2007 3:03pm Aug 2, 2007 3:03pm
Cable you are shit and I can't see anything logical regarding your move upwards and I'm seriuosly thinking to quit trading, as I know if the rate is not changed so this means that cable to go down, but this didn't happen and it started to go up in a crazy way, I have 4 lots short @ 2.0241, 2.0351 (2 lots) and 2.0371, and I can't see any good sign for cable to stop this bullshit
  • #22,238
  • Aug 2, 2007 3:18pm Aug 2, 2007 3:18pm
Quoting pino2
Cable you are shit and I can't see anything logical regarding your move upwards and I'm seriuosly thinking to quit trading, as I know if the rate is not changed so this means that cable to go down, but this didn't happen and it started to go up in a crazy way, I have 4 lots short @ 2.0241, 2.0351 (2 lots) and 2.0371, and I can't see any good sign for cable to stop this bullshit
Take it easy pino. This is the usual corrective period kicking in, when the pair fails even to approach recent highs.

Also this is NFP's eve so poor moves are expected.

I'm also cable short and he's my view for the upcoming days:

- Strong NFP - cable down, close at day's low, next week bearish candle

- Poor NFP - cable up, close at day's high, next week bearish candle: this scenario would be awesome to start next week short.

As the corrective period is in place, all longs are to be taken careful and quickly, while shorts are to be taken for larger term (days/weeks). Corrective periods in cable usually forms a downwards channel, so the profit comes eventually.

To note that I quit trading for small 20 quickie pippies for a long time.

Cable is 2.00## sometime in the next weeks, expecting a bumpy ride, though.
  • #22,239
  • Aug 2, 2007 3:26pm Aug 2, 2007 3:26pm
Quoting pino2
Cable you are shit and I can't see anything logical regarding your move upwards and I'm seriuosly thinking to quit trading, as I know if the rate is not changed so this means that cable to go down, but this didn't happen and it started to go up in a crazy way, I have 4 lots short @ 2.0241, 2.0351 (2 lots) and 2.0371, and I can't see any good sign for cable to stop this bullshit
Ignoring your constant references to defecation which reveal a frustration unbecoming of a cold calculating trader, the first rule is that reasoning out the market direction based on what you heard on the news is like trying to make the world 'see reason' and therefore an elementary error.
George Bush should not be president based on the fundamentals of his abilities and image - but he is. So dump all concepts of what 'should happen' and never be surprised - and then you stand a chance.
In theory, the nuclear vaporisation of the city of London would bring cable down - If you cannot envisage it going up in that scenario then you have not learned the rules - the market consists of 5 mega billionaires snorting coke and sliding a wire up and down on the charts - thats all it is...
Believe that at all times and then you will be fully equipped.
  • #22,240
  • Aug 2, 2007 3:38pm Aug 2, 2007 3:38pm
Quoting pino2
Cable you are shit and I can't see anything logical regarding your move upwards and I'm seriuosly thinking to quit trading, as I know if the rate is not changed so this means that cable to go down, but this didn't happen and it started to go up in a crazy way, I have 4 lots short @ 2.0241, 2.0351 (2 lots) and 2.0371, and I can't see any good sign for cable to stop this bullshit
Frustration is a dangerous thing in trading "Pino". Maybe step back and look at the bigger picture. Lets remember there are two currencies to this pair and the other currency, the US dollar, is being blown away right now (subprime meltdown etc etc). Hope this is useful to you and anybody else with that "feeling"....
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