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Cable Update (GBPUSD)

  • #38,501
  • Nov 2, 2007 12:05pm Nov 2, 2007 12:05pm
Quoting tim1234
GBP/USD: Still Bid; Barriers at 2.0900 Targeted San Francisco, Nov. 2. Regardless of USD bearish sentiment, the persistent gains in EUR and GBP continue to smack of a larger shift into a currency basket and away from the USD peg which would account for the continued fresh record highs in both Cable and Euro. Cable is at 2.0875 and back at session highs with the market targeting a barrier option at 2.0900. Ostensibly, the market is also keen to take out 1.4536 on EUR/USD in the process as well. A bounce back in GBP/JPY, as US stocks pare morning losses, has helped the gains with GBP/JPY now at 239.62. Resistance is eyed at 240.25/30, a break of which targets another move above 241.00 to recent highs near 241.35/40. A bank recommendation to short the cross emerged today, which could see the market short if the cross and GBP/USD continues to rally, adding to upside momentum.
Where do you get that info??
  • #38,502
  • Nov 2, 2007 12:08pm Nov 2, 2007 12:08pm
yea looks like the homo's got finished with the cricle jerk and opened their mouths for more
"Millionaires don't use astrology, billionaires do"
  • #38,503
  • Nov 2, 2007 12:11pm Nov 2, 2007 12:11pm
Quoting cesarnc
Where do you get that info??

dailyfx plus

is it any good ?
  • #38,504
  • Nov 2, 2007 12:11pm Nov 2, 2007 12:11pm
Quoting cesarnc
800

no SL as of yet. Gonna add at every round figure unti 3.0 if necessary
Just call your broker and tell them what's in your account is an early christmas present instead, that you enjoyed your stay and that you decided FX isn't for you.
Gets the same result faster and you won't have to suffer emotionally for the next few days/weeks/months while the drawdown accumulates.

Being emotional ends up being self destructive if you're pitting will against the market. :/
Trust price. Know yourself.
  • #38,505
  • Nov 2, 2007 12:21pm Nov 2, 2007 12:21pm
Maybe its a mass psychology test to see what the breaking point of ppl really is. The greatest performance of torture known to the history of humanity....... What would Jesus do

The world in control by sadist hahaa, come on now step up for your piece
"Millionaires don't use astrology, billionaires do"
  • #38,506
  • Nov 2, 2007 12:21pm Nov 2, 2007 12:21pm
Quoting SeekingLight
Just call your broker and tell them what's in your account is an early christmas present instead, that you enjoyed your stay and that you decided FX isn't for you.
Gets the same result faster and you won't have to suffer emotionally for the next few days/weeks/months while the drawdown accumulates.

Being emotional ends up being self destructive if you're pitting will against the market. :/
Seeking, my man.... Accidentally, and I meant it, I learned that your @sshole status is already spread across this forum. Actually I thought it was just about this thread or me. But I was wrrrooonnnnggggg LOLLLLLLLLLLLL

Being this way, I thank this forum for having an @sshole dump that is commonly known as Ignore List, I think for politeness purposes.
  • #38,507
  • Nov 2, 2007 12:22pm Nov 2, 2007 12:22pm
Now THAT is a HELL of a Christmas gift to me.

Quote
This message is hidden because SeekingLight is on your ignore list.
  • #38,508
  • Nov 2, 2007 12:27pm Nov 2, 2007 12:27pm
Oh well. I tried.

Once every 3 months or what did I say?

I will let stop reiterating what for normal people makes money (instead of self destruct) and for cesarnc seemingly makes me an "@sshole", and let him and everyone who feels like him get on with shorting uptrends, not using stop losses, etc pp in order certainly manage rich profits and endless fortune, instead of selfdestructing... since surely saying the cooler, meaner, manly stuff makes the money, not constantly reiterating what works..



Karma has a plan for us all.

Learning my own lesson bit by bit

Trust price. Know yourself.
  • #38,509
  • Nov 2, 2007 12:28pm Nov 2, 2007 12:28pm
hehe... so working
  • #38,510
  • Nov 2, 2007 12:33pm Nov 2, 2007 12:33pm
Quoting cesarnc
Seeking, my man.... Accidentally, and I meant it, I learned that your @sshole status is already spread across this forum. Actually I thought it was just about this thread or me. But I was wrrrooonnnnggggg LOLLLLLLLLLLLL

Being this way, I thank this forum for having an @sshole dump that is commonly known as Ignore List, I think for politeness purposes.
  • #38,511
  • Nov 2, 2007 12:34pm Nov 2, 2007 12:34pm
today cable made exactly 1000 pips from fresh buy in sept bpd7 ...i dont think it could go more then 200 up,...but 50-150 it can,....in previous futures at 20500 seekinglight and henrycarol were fighting,...so i think the situation is pretty much the same,..650-500=150, 890+150= 2.1040 it might rich according to psihological cable update indicator....p
its just money
  • #38,512
  • Nov 2, 2007 12:42pm Nov 2, 2007 12:42pm
that was a very nasty day again, the farm payrolls was a good very good result for usd but still its spilling pips ... that wll teach me to short in utrends even after te data says differently!
  • #38,513
  • Nov 2, 2007 12:52pm Nov 2, 2007 12:52pm
cesarnc i think you wil like this article, it acctually explains a lot

http://uk.biz.yahoo.com/02112007/35/...-surprise.html
  • #38,514
  • Nov 2, 2007 1:30pm Nov 2, 2007 1:30pm
Quoting SunTrader
People are glad this thread is alive again. Why? Is anyone reading most of the garbage posted today?
there always gots to be fun times, trading is a stressful game, if you don't like it get out the thread.
If I Go Broke Trying Then I Will die happy.
  • #38,515
  • Nov 2, 2007 1:41pm Nov 2, 2007 1:41pm
Quoting Scrat
i have attached both indicators.

Thanks Scrat for the indicators...

Have a great weekend ...
  • #38,516
  • Nov 2, 2007 2:09pm Nov 2, 2007 2:09pm
Cable again defied another round of US data and continued
to make fresh 26-yr highs, rising to 2.0895 today on attempts to take out 2.0900
barriers. GBP/USD opened at 2.0835 ahead of the mobs data, dropped briefly to
2.0790 on the extraordinarily strong 166K rise in jobs, only to reverse sharply
to rally to 2.0860 on fresh carry trade demand as US stocks headed higher. But
credit concerns weighed on stocks, sending GBP/JPY lower but this did little to
dampen the ongoing bid for GBP/USD that has dominated since mid-August. In fact
the acceleration of recent EUR & GBP gains continues to smack of a central bank
shifting a large amount of reserves or shifting to a currency basket, away from
a USD peg. Barriers at 2.0900 remain the target and if they give way, 2.10
barriers will be next in the markets" headlights.
EUR/GBP eased from NY session highs of 0.6960 to 0.6940 in the afternoon
on the attempts to take out the 2.0900 barrier that saw cable outperform. 0.6920
is the next support level. More talk of large UK financial firm losses and
emergency borrowing from the BOE did little to hurt sterling.
  • #38,517
  • Nov 2, 2007 2:11pm Nov 2, 2007 2:11pm
EUR/GBP: Slips Lower on Persistent GBP/USD Bid San Francisco, Nov. 2. EUR/GBP has slipped back to support at 0.6940 this afternoon, mostly on the back of the persistent GBP/USD bid. Attempts to take out the barrier at 2.0900 on GBP/USD continue (and dealers believe that they efforts will be successful) but on the EUR/USD, the traders have pared back their longs for a pullback to 1.4500. A break under 0.6935 targets a decline to 0.6920 on the cross which is likely if 2.0900 gives way on GBP/USD. The interest rate outlook is seen weighing on the cross with UK rates seen steady next week as will be the ECB, maintaining the favorable differential in favor of Sterling. To that end, BOE members sound more hawkish than ECB members, (aside from ECB Weber of course) and that bias is also seen weighing on the cross for now
  • #38,518
  • Nov 2, 2007 3:18pm Nov 2, 2007 3:18pm
Quoting Kanon
cesarnc i think you wil like this article, it acctually explains a lot

http://uk.biz.yahoo.com/02112007/35/...-surprise.html

My opinion fictious conversations are meaningless. As well as almost all of the non-fiction the news reports. Markets are usually ahead of the news anyway.
  • #38,519
  • Nov 2, 2007 3:20pm Nov 2, 2007 3:20pm
Quoting Kanon
cesarnc i think you wil like this article, it acctually explains a lot

http://uk.biz.yahoo.com/02112007/35/...-surprise.html



Deserves a thread

Quote
My opinion fictious conversations are meaningless. As well as almost all of the non-fiction the news reports. Markets are usually ahead of the news anyway.

Or skipping them to resume their onw agenda 2 hours after.
  • #38,520
  • Nov 2, 2007 4:18pm Nov 2, 2007 4:18pm
high 2.0907
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