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Cable Update (GBPUSD)

  • #35,461
  • Oct 15, 2007 9:02am Oct 15, 2007 9:02am
IMF Rato: IMF Analysis Signals US Dlr Still Overvalued
IMF Rato: Euro Appears To Be Near Its `Equilibrium Value'
IMF Rato: US Needs To Save More
IMF Rato: US Econ Slowing, But Recession Unlikely
IMF Rato: China Should Do More To Balance Econ Growth
  • #35,462
  • Edited 9:51am Oct 15, 2007 9:33am | Edited 9:51am
Quoting bullrock
BTW everything is a number on my screen.... Including my ac balance and the price tag on the petrol at th phuking station... Like I said to my wife I go shopping by bus... LOOK AT THE PETROL PRICES!!! GO BY BIKE, BY FEET.. I am not idiot to buy petrol....
aye, its a rip off... but the actual petrol is only 1/4 of the cost.. the rest is tax
  • #35,463
  • Oct 15, 2007 10:05am Oct 15, 2007 10:05am
Quoting de123
the US did make a statement about the armenians being invaded in the past from the turks,..turks not pleased,

Actually just the Democrats in Congress.
  • #35,464
  • Oct 15, 2007 10:07am Oct 15, 2007 10:07am
Selloff in the stock market...

Dow losing 14K
  • #35,465
  • Oct 15, 2007 10:12am Oct 15, 2007 10:12am
Quoting cesarnc
Selloff in the stock market...

Dow losing 14K
I see it... About time huh?
  • #35,466
  • Edited 10:45am Oct 15, 2007 10:15am | Edited 10:45am
Quoting spiritbreezer
There was no 1-2-3 step on cable to show me that we are going up from here. So I'll be looking for sharts till 2.292. Again watchng for that bounce break of 366, I think this is a very important level.
With all due respect Spirit but I think you may have missed the 1-2-3 step or the correction that really counts and the reason for this move to the upside.
I'm expecting this bull run to end higher than the top of where the correction started 2.0652.

CF

PS. You may also want to take a look at the chart I posted before the run up today and the perfect entry if I ever saw one

http://www.forexfactory.com/showpost...ostcount=35406
http://www.forexfactory.com/showpost...ostcount=35407
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  • #35,467
  • Oct 15, 2007 10:16am Oct 15, 2007 10:16am
I notice during big dow sells, its usually bad for GBP/USD
  • #35,468
  • Oct 15, 2007 10:24am Oct 15, 2007 10:24am
Hello World!
  • #35,469
  • Oct 15, 2007 10:28am Oct 15, 2007 10:28am
Quoting peterM
I notice during big dow sells, its usually bad for GBP/USD
carry trades unwinding....
  • #35,470
  • Oct 15, 2007 10:32am Oct 15, 2007 10:32am
If you look at the hourly charts, cable is now in an upwards channel. It looks good to buy on dips to the low of the channels. Only on a break below this channel will I sell this pair now. Price action plus this makes a good trade.
I dream, therefore I become.
  • #35,471
  • Oct 15, 2007 10:34am Oct 15, 2007 10:34am
Whats bad for the Dow is bad for FTSE100 also. As well as housing/credit crunch similarities.
  • #35,472
  • Oct 15, 2007 10:55am Oct 15, 2007 10:55am
shorts don't look good right now, but shit can change like i said im long half at 330 looking to hit 500 what ever happens happens., there a chance this mf might stay long.
If I Go Broke Trying Then I Will die happy.
  • #35,473
  • Oct 15, 2007 10:56am Oct 15, 2007 10:56am
I got 2 B/E's trades in GU today. And I'm very uncomfortable with the current levels...

Those holding longs from below should keep, as weel as those holding shorts from above. Those who missed both trains, will have to wait for the next one...

I just hope the CPI comes with strong deviation, whatever the F* the direction....

This pair has to get out of this BS-ish fashion.
  • #35,474
  • Oct 15, 2007 11:01am Oct 15, 2007 11:01am
Quoting cesarnc
I got 2 B/E's trades in GU today. And I'm very uncomfortable with the current levels...

Those holding longs from below should keep, as weel as those holding shorts from above. Those who missed both trains, will have to wait for the next one...

I just hope the CPI comes with strong deviation, whatever the F* the direction....

This pair has to get out of this BS-ish fashion.
this pair has been full of shit for the past 3 month's it was so easy to say long, this is what got soros jr in trouble, there is no sure thing at the moment, it's a wait and see thing.
If I Go Broke Trying Then I Will die happy.
  • #35,475
  • Oct 15, 2007 11:06am Oct 15, 2007 11:06am
The real Soros only lets the market know what he is doing when it is to advantage to do so.
  • #35,476
  • Oct 15, 2007 11:07am Oct 15, 2007 11:07am
Quoting cesarnc
carry trades unwinding....
yep.. I love the carry unwinds.. lots of opportunities to go short.
  • #35,477
  • Oct 15, 2007 11:08am Oct 15, 2007 11:08am
Quoting Moe
this pair has been full of shit for the past 3 month's it was so easy to say long, this is what got soros jr in trouble, there is no sure thing at the moment, it's a wait and see thing.
What's your take on euro, I mean, if you're trading / planning to trade it?
  • #35,478
  • Oct 15, 2007 11:10am Oct 15, 2007 11:10am
Quoting SunTrader
The real Soros only lets the market know what he is doing when it is to advantage to do so.
thats why there's a soros and soros jr. who will you roll with?
If I Go Broke Trying Then I Will die happy.
  • #35,479
  • Oct 15, 2007 11:17am Oct 15, 2007 11:17am
Quoting cesarnc
What's your take on euro, I mean, if you're trading / planning to trade it?
i haven' look at euro in 2 years, i have a couple of guys in the office who trades it but there holding it for weeks at a time.
If I Go Broke Trying Then I Will die happy.
  • #35,480
  • Oct 15, 2007 11:33am Oct 15, 2007 11:33am
Quoting mike w
If you look at the hourly charts, cable is now in an upwards channel. It looks good to buy on dips to the low of the channels. Only on a break below this channel will I sell this pair now. Price action plus this makes a good trade.

U mean this channel?
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