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Cable Update (GBPUSD)

  • #23,861
  • Aug 13, 2007 2:55am Aug 13, 2007 2:55am
expect to see a lot of price action from this pair till year ends, we had a rough first 6 month's but now were on the back 6, expect to see a lot of pips, get it while you can.
If I Go Broke Trying Then I Will die happy.
  • #23,862
  • Aug 13, 2007 2:58am Aug 13, 2007 2:58am
So bye bye to 14,000 Dow and 2.06 cable ?

We have seen a lot of 'monsters' come and go in the last year and every time the fear subsides and it's business as usual.

This one feels different doesn't it ? Sometimes the issues are big enough to say 'top' and mean it. Like the tech bubble.

I have lived through other periods when 80% of the mail dropping through your letterbox is offering to 'consolidate' loans etc and it always reaches a crescendo then there is a bust. This lot feels that way.

We don't care about that though do we ? we only care about currency differentials - but every downturn is different and this one will happen differently - $ the reserve currency ? the new currency euro and all those nationalities in one currency being really tested for the very first time ? Gordon Brown left holding the baby ? I think it will be different- what fun eh ? I am ultra short time frame and only trading while i can be glued to the screen !

Cash is KING and inter galactic SUPER EMPEROR
  • #23,863
  • Aug 13, 2007 2:58am Aug 13, 2007 2:58am
I've been seeing some pips and gave them ALL back to U/cad... not trading that pair now
  • #23,864
  • Aug 13, 2007 3:02am Aug 13, 2007 3:02am
meanwhile....
Attached Image
For he that would be deceived, let him.
  • #23,865
  • Aug 13, 2007 3:03am Aug 13, 2007 3:03am
Quoting Moe
expect to see a lot of price action from this pair till year ends, we had a rough first 6 month's but now were on the back 6, expect to see a lot of pips, get it while you can.
Yep... What is intriguing is that stocks are gaining and ECB pumped another $65bln in.

US futures also positive. NYC session is gonna be interesting.
  • #23,866
  • Aug 13, 2007 3:03am Aug 13, 2007 3:03am
i'm going long at 2.0075
  • #23,867
  • Aug 13, 2007 3:05am Aug 13, 2007 3:05am
still short?...will we ever seen the 1.99 level?...
its just money
  • #23,868
  • Edited 3:17am Aug 13, 2007 3:06am | Edited 3:17am
Quoting Pokka
i'm going long at 2.0075
GOOD LUCK!

I am still short from 2.0250
  • #23,869
  • Aug 13, 2007 3:07am Aug 13, 2007 3:07am
Quoting edward77
GOOD LUCK!

I am still short from 1.0250
im soory to hear that....:
its just money
  • #23,870
  • Aug 13, 2007 3:09am Aug 13, 2007 3:09am
i'm still short but when the price reach 2.0075 i will go long from there..

Quoting de123
still short?...will we ever seen the 1.99 level?...
  • #23,871
  • Aug 13, 2007 3:10am Aug 13, 2007 3:10am
Hi everyone,

I'm pretty new in forex and been trading demo for last 3 months.

Is there an explanation on what just happened to the G/U?

I went long on Fri after it could not go lower than the 4hr support ( i'm using 4 hr chart)

But today, this was wild, is it the news?

Mike
  • #23,872
  • Aug 13, 2007 3:10am Aug 13, 2007 3:10am
you can see the channel is there... 4hr chart
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.jpg Size: 40 KB
  • #23,873
  • Aug 13, 2007 3:11am Aug 13, 2007 3:11am
Quoting edward77
GOOD LUCK!

I am still short from 1.0250
Short in 1984 and still holding? :
  • #23,874
  • Aug 13, 2007 3:15am Aug 13, 2007 3:15am
Technically, it's a failed swing / descending triangle
Attached Image (click to enlarge)
Click to Enlarge Name: failed.jpg Size: 46 KB
  • #23,875
  • Aug 13, 2007 3:15am Aug 13, 2007 3:15am
Quoting Pokka
you can see the channel is there... 4hr chart
Good to see a A.P. fan here.
Johann Channels and cycles are everything
  • #23,876
  • Aug 13, 2007 3:15am Aug 13, 2007 3:15am
Quoting cesarnc
Short in 1984 and still holding? :
oops, typing error lol, i am short from 2.0250 today
  • #23,877
  • Aug 13, 2007 3:16am Aug 13, 2007 3:16am
Quoting mikewong
Hi everyone,

I'm pretty new in forex and been trading demo for last 3 months.

Is there an explanation on what just happened to the G/U?

I went long on Fri after it could not go lower than the 4hr support ( i'm using 4 hr chart)

But today, this was wild, is it the news?

Mike
Carry trades unwinding (GBPJPY), for the reason I still don't figure out. Newswires have Yen players unwinding preemptively in case NY stock market goes down again.

As ECB injected more cash, we gotta see whether or not FED is following suit ahead of the market open. NYC today might call the shot for the rest of the week.
  • #23,878
  • Edited 3:44am Aug 13, 2007 3:28am | Edited 3:44am
Quoting money
hello, this is my strategy on cabl. i thnik that should go down. but we will see what they will say on todays news

http://img476.imageshack.us/img476/2...d108yw6.th.gif
hELLO, this are my prediction from last post to next step

4h chart
http://img341.imageshack.us/img341/872/gbp4hzg7.th.gif

15min chart
http://img265.imageshack.us/img265/8...5minrw3.th.gif
  • #23,879
  • Aug 13, 2007 3:29am Aug 13, 2007 3:29am
  • #23,880
  • Aug 13, 2007 3:30am Aug 13, 2007 3:30am
looks like the price going up... slowly...
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