Cable Update (GBPUSD)

Hi Moe..look at the rocket...USD/CAD

yeah i should went long about 3 weeks ago.

I'm still holding long... anyway thats besides the point now about GU, looking for opportunity to buy but I have to get it at at least 545.. What do u think??

I weiting Cad short position daily basis must weit when that uptrend end and then turns back down ~900 pipses

http://www.dailywealth.com/images/ma...otes_title.gif

NEW HIGHS OF NOTE LAST WEEK
Massey Energy (MEE)... coal
CONSOL Energy (CNX)... coal
Alpha Natural Resources (ANR)... coal
Monsanto (MON)... agriculture
Badger Meter (BMI)... water meters
Deere & Co. (DE)... agriculture equipment
Lindsay Corporation (LNN)... irrigation equipment
Morningstar (MORN)... investment research
Deutsche Telecom (DT)... German telecom
Chunghwa Telecom (CHT)... Taiwan telecom
Vimple Communications (VIP)... Russian telecom
Partner Communications (PTNR)... Israeli telecom
Transocean (RIG)... deepwater oil driling
Reynolds American (RAI)... cigarettes
Procter & Gamble (PG)... the "basics"
Colgate Palmolive (CL)... the "basics"
Johnson & Johnson (JNJ)... the "basics"
Altria (MO)... the "basics"
Soybeans and Cobalt

NEW LOWS OF NOTE LAST WEEK
West Marine (WMAR)... recreational boats
St. Joe (JOE)... Florida real estate
WCI Communities (WCI)... Florida condo meltdown
Tejon Ranch (TRC)... California real estate
Vornado Realty Trust (VNO)... huge diversified REIT
Equity Residential (EQR)... largest U.S. apartment REIT
Boston Properties (BXP)... largest U.S. office REIT
D.R. Horton (DHI)... homebuilder
Toll Brothers (TOL)... homebuilder
Beazer Homes (BZH)... homebuilder
Building Materials (BLG)... you guessed it
Men's Wearhouse (MW)... clothing retail
Stein Mart (SMRT)... retail
Bed Bath & Beyond (BBBY)... retail
Home Depot (HD)... home improvement
La-Z-Boy (LZB)... home furnishing
P.F. Chang's (PFCB)... restaurants
Ruby Tuesday (RT)... restaurants

Hi QS, I see u greening.. I guess u predicted the Kiwi rate cut? Smart guy. I cut my short at 0618.. got enough pips. Tending to buy , you think its safe?

Sorry, correction not Kiwi, BOC rate cut

sounds like a plan, il have to look in see where i wanna be, been short since 660, ima close this position.

I'm not sure if long is safe. If you're not confidence don't trade there always be tomorrow.

Money never sleep.

i am still thinking it will reach 550 today!!!

Bitter truth:

coin flippers are still better than
day dreamers aka position traders
who don't know where trade is going
and then they hedge their positions thus
increasing their losses, and then they jumped
to other currencies still no profit in sight.

And then they come here and started shouting
blind traders, coin flippers, idiots, etc verging all their
angers on us here as if we are the cause of their
foolish decisions to go long or hedge their money
because they are greedy.

sometimes it surprised me how some people
are adamant to loosing money on long term
long position how can they be pro when QS
has shown them more than 500pips profit in
Down cable and they keep hoping they will
recover.


Very soon they will start looking for reasons
why they did not return profit this year by saying
something like market melt down.

They wanted to say both sides of their hedging returned
no profits after 6-12months of high hopes. too bad
I rather know my faith today and not next month.

How can market melt down when their losses
are gains for day traders and coin flippers?

I can see you're doing good now.. still short from the top? Did you close it somewhere?

i see that also Designer1, i get the feeling that there maybe a quick bounce down to that price before heading back up no further than ~2.0700

Im waiting, still short from 2.0680.

all i am beliving now target H1 or H4 basically more Better is H4 and
then just go ahead direction with patience -

one factor is patience whole the day would work -

i tried to get profit in few time ago and close the deal but

now sure it will reach 550 today

Day trader and position trader thier mentality, mindset are totally different not the same. I can see that position traders lose more money then day trader. So no point for me to argue with them. Better just keep quite.

Also the 1KT traders here, can you show or donate the day or weekly directions? Up or down? so me, also other traders here can compare with your prediction. I guess no one would like to donate the directions because they are not confidence with their trade, they trade blindly, and they only want the title 1KT but they are not the real 1KT. If you are the real 1KT so please show something... donate to this thread the day or weekly directions.. dont just sit there and keep quite..or keep on saying you will blow your account bla bla bla...

another thing its cracking all time very high pricess not officiall break
bounce back with actuall candle what we expected

i think we need to go with time frame need to see watch ---time what time
its started and stop after then we can have good decide where the candle will complete

meanwhile we loose our confident and close the deal lower profit rate

but QS today i reallze how important expereince is - today new expereince
dont loose the confident

h4 second candle started lower according to your tringle morning screenshot
looks creally goes down again its bouce back as usal with higher price
then goes down with actuall candle - so whats that time patience!!!!!!!

...time to short KIWI 7620,big money there!

GBP/USD: Bids Tipped at 2.0585, Talk BoC Cut Ups BoE Cut Risk London, December 4. Touted buy interest at 2.0585 is lending support to cable as the market takes a fresh look at Thursday"s BoE MPC rate decision in the light of today"s BoC rate announcement. Doves suggest that today"s BoC 25bp interest rate cut increases the risk that the BoE might follow suit on Thursday, in an effort to maximize the impact of its action.
Just as in Canada, the expectation of a 25bp UK rate cut is not in question, only its timing. Heavy knee-jerk GBP losses are likely if the BoE cuts the base rate this week. There is also conjecture that the "pre-emptive" nature of any such cut could then enable the pound to recover from any such sell-off. In a similar vein, a major US bank argues that if the UK base rate is held at 5.75% this week, it will exacerbate the UK economic slowdown and imply a greater eventual easing.
It is worth noting that the BoE MPC started this year by delivering an unexpected 25bp hike (to 5.25%).

I already lost 80 pips in two separate trades in this "chop-chop" madness of the last few days, I am out until this rate decision comes out 'cause it is obvious that people have not made up their mind on where it stands....why even bother

New lesson learned: Never, ever trade before a rate decision.