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Cable Update (GBPUSD)

  • #34,901
  • Oct 10, 2007 2:25pm Oct 10, 2007 2:25pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting bullrock
Frankly, I have no idea whattahell the GU wants to do. But IMHO it might very well break that top and go north like an idiot. Just because no one expects it. :
well i expect it, i also expect it to bounce there from a low of .0380 ish. we wait and see.

beware i am almost always wrong.

or is that almost sometimes correct. anyway thats my view, trade what you see.

Ask the coin.
  • #34,902
  • Oct 10, 2007 2:26pm Oct 10, 2007 2:26pm
Quoting bullrock
COULD WE HAVE A 798329813 pips move in the next 3 hours ???? PLEASE?????
we need bravado and henrycarol to make it happend.
I Deeply Love My Virtual Life In Virtual World , RLC
  • #34,903
  • Oct 10, 2007 2:29pm Oct 10, 2007 2:29pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting notme32
we need bravado and henrycarol to make it happend.

thats the thing, cable quite for so long and Bravado gone!!!

He's back, and tomorrow we will hear CHA-ching. cable will be off again. also this is because i am going on holiday soon and won't be here to ride the train.
  • #34,904
  • Oct 10, 2007 2:30pm Oct 10, 2007 2:30pm
Just for fun. Here is my target

2.107000 NOOOO. It is not a typo...
.
  • #34,905
  • Oct 10, 2007 2:37pm Oct 10, 2007 2:37pm
Quoting DutchTrader
There's been a 240-237 range for a while now. Right now we're moving down to the R2 and will bounce off that with a dovis BOJ
Are you sure you wnated to post this here not in the auslanco?
.
  • #34,906
  • Oct 10, 2007 3:19pm Oct 10, 2007 3:19pm
Hi guys

There are 4 poss scenarios on cable. So look out for them. This is a daily chart. We can either bounce of 2.0492 then down to targets (1) 2.0257, or (2) 2.0150 or (3)2.0079.
(4)There is the possibility of breaking 2.0492 the goin uo to 2.0652 befor back down.

I however feel that we'll bounce back down off 2.0492, especially cause gbpyen is also at a point of bounce, 241.49.

Kind regards
Attached Image (click to enlarge)
Click to Enlarge Name: daily CABLE.jpg Size: 123 KB
  • #34,907
  • Oct 10, 2007 3:22pm Oct 10, 2007 3:22pm
Do you think we can go one phuken page without mentioning Bravado?
No, of course not. He can disapear for another month and we will still be here talking about him. Thats the stuff legends are made from.
Just Trade It
  • #34,908
  • Oct 10, 2007 3:27pm Oct 10, 2007 3:27pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
Do you think we can go one phuken page without mentioning Bravado?
No, of course not. He can disapear for another month and we will still be here talking about him. Thats the stuff legends are made from.

hey, that was my first post with reference to the indicator not the person known as bravado.

in case you missed it, it's a momentum indicator, the more it posts the faster you will see cable moving.
  • #34,909
  • Oct 10, 2007 3:34pm Oct 10, 2007 3:34pm
Big boys also screw up once and a while :

Oct. 10 (Bloomberg) -- Morgan Stanley, the world's second- biggest securities firm, said its quantitative strategy traders lost $390 million during a single day in August as their computer models failed to account for ``widespread'' investor selling.
  • #34,910
  • Oct 10, 2007 3:49pm Oct 10, 2007 3:49pm
Quoting cesarnc
Big boys also screw up once and a while :

Oct. 10 (Bloomberg) -- Morgan Stanley, the world's second- biggest securities firm, said its quantitative strategy traders lost $390 million during a single day in August as their computer models failed to account for ``widespread'' investor selling.

I wonder what it feels like to lose that much money in one day. That would suck. But they write it off so they pay less taxes then the insurance come in a pays for some of it, so in reality they probly made money off of losing The system is designed to protect the big boys.
Just Trade It
  • #34,911
  • Oct 10, 2007 3:50pm Oct 10, 2007 3:50pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
I wonder what it feels like to lose that much money in one day. That would suck. But they write it off so they pay less taxes then the insurance come in a pays for some of it, so in reality they probly made money off of losing The system is designed to protect the big boys.
probably feels the same as me losing $10. lol
  • #34,912
  • Oct 10, 2007 4:01pm Oct 10, 2007 4:01pm
Quoting MPP
probably feels the same as me losing $10. lol

When I first started I lost 75% of my account in one day. I felt sick to my stomach in a way I have never felt before. I wanted to throw up.
I couldnt sleep or eat for the rest of the week. Thats when I started to practice meditating and reading books from the Dali Lama. I really learned how to set my emotions aside and look at it as just a number and not real money. I have been doing ALOT better at not just trading but in every aspect of my life. I suggest anybody to read his books, some of them can be so deep you wont have a clue at first but eventually you will get it.
A good beginer book would be "How to practice, the way to a meaningful life"
that book opened my eyes to a whole new world.

I dig it.
Just Trade It
  • #34,913
  • Oct 10, 2007 4:05pm Oct 10, 2007 4:05pm
390 million in one day?! thats crrrazy
  • #34,914
  • Oct 10, 2007 4:18pm Oct 10, 2007 4:18pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting peterM
390 million in one day?! thats crrrazy
it's nothing to companies like that, santandarna (can't spell) also known as Abbey, lost over $billion back in the first round of sub prime and banking panick. not even a flintch, simply a we had allowed for more than that.

it's like we still made profit. WTF

numbers are only relivant as a percentage, a 50% drawdown would hurt anyone, but 2%. we all expect it.
  • #34,915
  • Oct 10, 2007 4:19pm Oct 10, 2007 4:19pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Big Wave Rider
When I first started I lost 75% of my account in one day. I felt sick to my stomach in a way I have never felt before. I wanted to throw up.
I couldnt sleep or eat for the rest of the week. Thats when I started to practice meditating and reading books from the Dali Lama. I really learned how to set my emotions aside and look at it as just a number and not real money. I have been doing ALOT better at not just trading but in every aspect of my life. I suggest anybody to read his books, some of them can be so deep you wont have a clue at first but eventually you will get it.
A good beginer book would be "How to practice, the way to a meaningful life"
that book opened my eyes to a whole new world.

I dig it.
noted, thought about trying tai chi also.
  • #34,916
  • Oct 10, 2007 4:32pm Oct 10, 2007 4:32pm
Anybody share my view for tomorrow?


http://www.worth1000.com/entries/114...4077qVyu_w.jpg
  • #34,917
  • Oct 10, 2007 4:34pm Oct 10, 2007 4:34pm
Quoting cesarnc
Anybody share my view for tomorrow?


http://www.worth1000.com/entries/114...4077qVyu_w.jpg
Can't see anything
Patience + Humility + Study = Success
  • #34,918
  • Oct 10, 2007 4:39pm Oct 10, 2007 4:39pm
Quoting DutchTrader
Can't see anything
LOL.. Thatīs wierd... He's definitely trying to hide....



Now I got him
Attached Image
  • #34,919
  • Oct 10, 2007 4:41pm Oct 10, 2007 4:41pm
well I'm definitely feeling bearish
Patience + Humility + Study = Success
  • #34,920
  • Oct 10, 2007 4:42pm Oct 10, 2007 4:42pm
BTW, there a lot of talks here and there about BOJ raising rates later on...
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