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Cable Update (GBPUSD)

  • #32,301
  • Sep 24, 2007 5:31am Sep 24, 2007 5:31am
Quoting bullrock
Have fun What happens if this stay overbought say for a month and rockets to say 2.08?? Just assuming..
thats why i am quiting at 2.0200...
and than the pair might resume upwards you never know...
give me my pips back...
  • #32,302
  • Sep 24, 2007 5:37am Sep 24, 2007 5:37am
Quoting Lincoln_10
thats why i am quiting at 2.0200...
and than the pair might resume upwards you never know...
For that it should brake the current resistance at around 2.02400. But you never know.
.
  • #32,303
  • Sep 24, 2007 5:40am Sep 24, 2007 5:40am
Quoting jest1081
Looking at the PA on Dollar index, we are likely to see a correction in the current down trend, GU will be a likely candidate for strong shorts due to adverse currency weakness. I am not particularly impressed with Cable's movement these past weeks, they are clear laggards.
EURO libor forecast .......up

GBP libor forecast..........down

For he that would be deceived, let him.
  • #32,304
  • Sep 24, 2007 5:43am Sep 24, 2007 5:43am
Quoting bullrock
For that it should brake the current resistance at around 2.02400. But you never know.
yeah 2.0240 is a toughie
give me my pips back...
  • #32,305
  • Sep 24, 2007 6:04am Sep 24, 2007 6:04am
Northern Rock shares, which peaked at 12.58 pounds apiece on Feb. 28, traded at 2.005 pounds today. Citigroup Inc. estimates the company may be worth as little as 6 pence a share.

sixpence none the richer
For he that would be deceived, let him.
  • #32,306
  • Sep 24, 2007 6:05am Sep 24, 2007 6:05am
Morning all...

Strong indication that a short EUR is coming... YYYIIHIHEEEEHHHAAAAAAA

http://www.forexfactory.com/showthre...92#post1608392
post #2711


back in a few hours....
  • #32,307
  • Sep 24, 2007 6:44am Sep 24, 2007 6:44am
Quoting cesarnc
Morning all...

Strong indication that a short EUR is coming... YYYIIHIHEEEEHHHAAAAAAA

http://www.forexfactory.com/showthre...92#post1608392
post #2711


back in a few hours....
My guess every short is waiting for that resistance to be broken...
My grandfather used to say when I was 4... "the more red is your face when you try to poo the less likely that something will come out of your ass"... hehe...
.
  • #32,308
  • Sep 24, 2007 6:46am Sep 24, 2007 6:46am
Quoting bullrock
My guess every short is waiting for that resistance to be broken...
My grandfather used to say when I was 4... "the more red is your face when you try to poo the less likely that something will come out of your ass"... hehe...
And... "Don't piss against the wind!" - BullRock
  • #32,309
  • Sep 24, 2007 6:47am Sep 24, 2007 6:47am
What a nice H&S on the 30M 15M.....

Would rather be buying than shorting right now, but will have to take a decisive break below 40.
  • #32,310
  • Sep 24, 2007 6:53am Sep 24, 2007 6:53am
Quoting Warper
And... "Don't piss against the wind!" - BullRock
.
  • #32,311
  • Sep 24, 2007 6:54am Sep 24, 2007 6:54am
I long at 2.0240, SL 2.0230, TP 2.0370
"Invest With The Insiders, Not The Masses" George Muzea
  • #32,312
  • Sep 24, 2007 6:55am Sep 24, 2007 6:55am
Quoting pinchapip
Northern Rock shares, which peaked at 12.58 pounds apiece on Feb. 28, traded at 2.005 pounds today. Citigroup Inc. estimates the company may be worth as little as 6 pence a share.

sixpence none the richer
A lot of retail bottom feeders were buying em last week at 2 to 3 pounds...

maniacs...

We are supposed to be amateurs and look what a mess the professionals made out of a financial institution...

Can we do worse ? hope not....

look at gdp since bernanke - cant say there is no trend, but somehow we are not convinced eh ?...no confidence means the future is ?
  • #32,313
  • Sep 24, 2007 6:59am Sep 24, 2007 6:59am
But Cesar is right !!! He is seeing the light more these days !!! Seen him lurking around in other places in these forums... giving him a longer term ( and easier ?? ) point of view ?


Quoting cesarnc
Morning all...

Strong indication that a short EUR is coming... YYYIIHIHEEEEHHHAAAAAAA

http://www.forexfactory.com/showthre...92#post1608392
post #2711


back in a few hours....
  • #32,314
  • Sep 24, 2007 7:03am Sep 24, 2007 7:03am
Quoting Tiki Trader
But Cesar is right !!! He is seeing the light more these days !!! Seen him lurking around in other places in these forums... giving him a longer term ( and easier ?? ) point of view ?
Oh the edge... Here is the new strategy... The multiforum, multitimeframe strategy...
.
  • #32,315
  • Sep 24, 2007 7:05am Sep 24, 2007 7:05am
Quoting Qu|cksilver
I long at 2.0240, SL 2.0230, TP 2.0370
thas a good one, quicksilver, but let it fly, since the event is happening....http://www.bic.co.uk/ 2007 Bournemouth
The 2007 conference will be held in the Bournemouth International Centre from September 23:27.
September 28 - Labour Party Conferences in Bournemouth at which Gordon Brown will address delegates for the first time as Prime Minister.
that should be a bulish event....
its just money
  • #32,316
  • Sep 24, 2007 7:07am Sep 24, 2007 7:07am
Hi Bullrock..

trades looking good for you .. = )
  • #32,317
  • Sep 24, 2007 7:07am Sep 24, 2007 7:07am
Quoting Tiki Trader
But Cesar is right !!! He is seeing the light more these days !!! Seen him lurking around in other places in these forums... giving him a longer term ( and easier ?? ) point of view ?
My strategy now is waiting for cheaper euro to load the truck again. In the meantime, why not leaving a small short ? Could take the whole damn week to profit, but as I'm out of cable with this indecision / poor fundamentals for long, and euro longs right now is one poor r:r, there's not much to trade for me.

With my euro short right now, my last week's profit would be erased at 1.60 LOLLLLLLL. So, not gonna happen...

RMK: I quit those daily struggles for 20 pips a long time ago. Of course there are trades to take for those pursuing this target...
  • #32,318
  • Sep 24, 2007 7:07am Sep 24, 2007 7:07am
Quoting Qu|cksilver
I long at 2.0240, SL 2.0230, TP 2.0370
wow.

13:1 R:R Nice!
  • #32,319
  • Sep 24, 2007 7:09am Sep 24, 2007 7:09am
Quoting leachimeewg
Hi Bullrock..

trades looking good for you .. = )
Yep...
.
  • #32,320
  • Sep 24, 2007 7:12am Sep 24, 2007 7:12am
Quoting Warper
wow.

13:1 R:R Nice!
with 400:1 leverage
"Invest With The Insiders, Not The Masses" George Muzea
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