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Cable Update (GBPUSD)

  • #32,761
  • Sep 26, 2007 6:36am Sep 26, 2007 6:36am
Quoting Turtle
No bids were received...........
Yup... now still clueless on 0130/40 is price to sell or to buy LOL.....

Another day-off for me on this <fill the blank> pair
  • #32,762
  • Sep 26, 2007 6:42am Sep 26, 2007 6:42am
Quoting bullrock
The UK economy is just fine... Look at the numbers please... It is going to be even better... I have to have hard steel nerves now and patience.
Yup, now cable is suddenly strong as steel but Euro is still weak. What current good news made that happened? I am confused too.
  • #32,763
  • Sep 26, 2007 6:44am Sep 26, 2007 6:44am
Quoting cesarnc
Yup... now still clueless on 0130/40 is price to sell or to buy LOL.....

Another day-off for me on this <fill the blank> pair
I guess a buy maybe......
  • #32,764
  • Sep 26, 2007 6:44am Sep 26, 2007 6:44am
Quoting cesarnc
It's not a matter of bad or good economy. It's now a matter of where is UK's interest rate going to...

Market had it 5.5% toppish for 2007 early this year. We are at 5.75% and now the core indicator (CPI) is below UK's target of 2.0%.

Whether or not this financial turmoil is going to speed up a rate cut, is still being debated. But further, say 1 or 2 CPIs around 2.0%, and the market's going to start pricing in a rate cut cycle for 2008 and beyond...

And this is no good news, huh? If a UK and US rate cuts start being priced in simultaneously, we will go on here like blind rats in a shootout.
...well i must agree, interesting that those 2 economies which went into "war on teror", are now strugling to not be crushed...if a housing market is ok, then economy have no problems, otherwise it should, and aperantly it does have ...and wats even more interesting is that Mr. Sarkozy doesnt like the euro to be so high, (1.41 is just 2 much for him) so he is tightening relations over iran multo-publicly ....interesting as hell....no wonder the ECB finds her self in boomerang position....
its just money
  • #32,765
  • Sep 26, 2007 6:44am Sep 26, 2007 6:44am
Quoting santoso
I am confused too.
Welcome to the club
  • #32,766
  • Sep 26, 2007 6:48am Sep 26, 2007 6:48am
Quoting de123
...well i must agree, interesting that those 2 economies which went into "war on teror", are now strugling to not be crushed...if a housing market is ok, then economy have no problems, otherwise it should,

Maybe if they allowed all the displaced Iraquis to come to america or the U.K it would solve the housing crunch, but as they say, No chance in hell.
Just Trade It
  • #32,767
  • Sep 26, 2007 6:48am Sep 26, 2007 6:48am
Quote
now still clueless on 0130/40 is price to sell or to buy LOL.....

ask the guy who is bully n rocky here, maybe he has got some answers
Hello World!
  • #32,768
  • Sep 26, 2007 6:51am Sep 26, 2007 6:51am
Quote
I am confused too.
Welcome to the club

Hello World!
  • #32,769
  • Sep 26, 2007 6:52am Sep 26, 2007 6:52am
Quoting ClockTrader
ask the guy who is bully n rocky here, maybe he has got some answers
His answer is aways "LONG!!! LONG #@%@#%¨!#% LOOONNNNGGGG!", no matter how bearish a given candle is....

LOL....

Just kidding bullrock... If there is one way to trade this ranging pair, is sticking with a direction only, as long as it stays away from the truangle's boundaries.

I'm short euro short ´til the last dog dies.
  • #32,770
  • Sep 26, 2007 6:53am Sep 26, 2007 6:53am
So some say 1.98 and some say 2.03..

some say stay out but more and more are having firm opinions

Some of us are taking losses recently I reckon - I am

I think there are going to be some big losses soon... either way...

trend traders without a trend -

I feel like the Chancellor when he said 'If people put their money BACK in Northern Rock I will guarantee that too'

Stoney silence.. I look at these charts and they say - nothing....
  • #32,771
  • Sep 26, 2007 6:55am Sep 26, 2007 6:55am
resistance two diagonal purple lines
support red horizontal line approximately 2.0072 - 2.0100
Attached Image
  • #32,772
  • Sep 26, 2007 6:57am Sep 26, 2007 6:57am
I think the cable just doing correction. The downtrend still in progress.
But.. lets see the next candle on 1hr chart.
"Invest With The Insiders, Not The Masses" George Muzea
  • #32,773
  • Sep 26, 2007 6:58am Sep 26, 2007 6:58am
Quote
His answer is aways "LONG!!! LONG #@%@#%¨!#% LOOONNNNGGGG!", no matter how bearish a given candle is....

LOL....

LOLZ, but where the heck is he lost ? assume tossing his coins, lolz
Hello World!
  • #32,774
  • Sep 26, 2007 6:59am Sep 26, 2007 6:59am
hi guy , did u think that someone wan`t gu to go up
  • #32,775
  • Sep 26, 2007 7:03am Sep 26, 2007 7:03am
Quoting Sy-forx
hi guy , did u think that someone wan`t gu to go up
cable may go up after it breaks through my two above purple lines.
  • #32,776
  • Sep 26, 2007 7:03am Sep 26, 2007 7:03am
Quoting allserene
So some say 1.98 and some say 2.03..
In the same article on bloomberg yesterday (or cnbc, can't recall), there were analysts saying euro 1.45, other saying 1.38 by yearend....

Unfortunately this is a time of indecision. And it's going to be this way until Fed acts (cut, no-cut, whatever). There's no way to understand Bernanke's mind via his BS-ish speeches....
  • #32,777
  • Sep 26, 2007 7:06am Sep 26, 2007 7:06am
lets make euro 1.66 and cable 2.22 by the year end...who is with me....
its just money
  • #32,778
  • Sep 26, 2007 7:09am Sep 26, 2007 7:09am
Quote
lets make euro 1.66 and cable 2.22 by the year end...who is with me....

probably the trend, but u seem even faster than that, too funny
Hello World!
  • #32,779
  • Sep 26, 2007 7:14am Sep 26, 2007 7:14am
euro to 1.66?

he want his name on hell of fame ...

To be or not to be, that's the question
  • #32,780
  • Sep 26, 2007 7:23am Sep 26, 2007 7:23am
Quoting allserene
So some say 1.98 and some say 2.03..

some say stay out but more and more are having firm opinions

Some of us are taking losses recently I reckon - I am

I think there are going to be some big losses soon... either way...

trend traders without a trend -

I feel like the Chancellor when he said 'If people put their money BACK in Northern Rock I will guarantee that too'

Stoney silence.. I look at these charts and they say - nothing....
there's no need to take a lost, when in dought stay out, simple as that, there no need to be in the market everyday if you don't know if you should buy or sell, that right there should tell you something, stay the fuk out.
If I Go Broke Trying Then I Will die happy.
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