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Cable Update (GBPUSD)

  • #44,141
  • Dec 11, 2007 11:30am Dec 11, 2007 11:30am
I'm out... still no oppurtunity for me
"Invest With The Insiders, Not The Masses" George Muzea
  • #44,142
  • Dec 11, 2007 11:30am Dec 11, 2007 11:30am
Look at that, the 1hr bar is almost turning into a doji...pure confusion...
"Lunch ? Lunch Is For Wimps !"
  • #44,143
  • Dec 11, 2007 11:30am Dec 11, 2007 11:30am
Looks like it is recovering...
  • #44,144
  • Dec 11, 2007 11:34am Dec 11, 2007 11:34am
Forget about it, there is also going to be major GBP news in the morning...as far as I am concerned this thing has absolutely not ligical direction for now, too many uncertainties.....
"Lunch ? Lunch Is For Wimps !"
  • #44,145
  • Dec 11, 2007 11:36am Dec 11, 2007 11:36am
Moon MOOOn !!! UPUP
  • #44,146
  • Dec 11, 2007 11:41am Dec 11, 2007 11:41am
long GU at 2.0374 tp 2.0450
short U/CAD at 1.0150 tp@ 1.0000.

now time to play some game .
  • #44,147
  • Dec 11, 2007 11:42am Dec 11, 2007 11:42am
fed statement was inflation biased...................dollar BULLISH!!!!!
  • #44,148
  • Dec 11, 2007 11:43am Dec 11, 2007 11:43am
Quoting acidguy
long GU at 2.0374 tp 2.0450
short U/CAD at 1.0150 tp@ 1.0000.

now time to play some game .
hehe absolutley right cable up +800 pipses and Cad down both ~800 pipses !
  • #44,149
  • Dec 11, 2007 11:45am Dec 11, 2007 11:45am
Looks to me like further down movement will be limited to 2.0242
Best strategy is to waid for the clear turn up - there is no hurry now.
Also, watch USD/JPY - it has to change its trend and start climbing back above 111 for the GBP to make its turn
"Luxury is one of the basic needs", (c), Don Corleone
  • #44,150
  • Dec 11, 2007 11:45am Dec 11, 2007 11:45am
2.0367 4 LOT LONG in
  • #44,151
  • Dec 11, 2007 11:49am Dec 11, 2007 11:49am
Quoting Firstboss
Looks to me like further down movement will be limited to 2.0242
Best strategy is to waid for the clear turn up - there is no hurry now.
Also, watch USD/JPY - it has to change its trend and start climbing back above 111 for the GBP to make its turn
Sorry - a typo, I meant limited to 2.0345
"Luxury is one of the basic needs", (c), Don Corleone
  • #44,152
  • Dec 11, 2007 11:54am Dec 11, 2007 11:54am
If euro breaks through 1.4665 - that's bad news for the pound
"Luxury is one of the basic needs", (c), Don Corleone
  • #44,153
  • Dec 11, 2007 11:55am Dec 11, 2007 11:55am
What is wrong? The price is swinging? Up and down
  • #44,154
  • Dec 11, 2007 11:59am Dec 11, 2007 11:59am
Quoting akanze
What is wrong? The price is swinging? Up and down
Looks like it will calm down here, and try to resume the up-trend at the start of the Asian session - nothing except lottery-like scalping for now
"Luxury is one of the basic needs", (c), Don Corleone
  • #44,155
  • Dec 11, 2007 12:02pm Dec 11, 2007 12:02pm
2.0360 Last 3 LOT LONG IN.
  • #44,156
  • Dec 11, 2007 12:03pm Dec 11, 2007 12:03pm
watch the price go down!!!!!
  • #44,157
  • Dec 11, 2007 12:05pm Dec 11, 2007 12:05pm
i need extra cash to short CAD with 10 LOT
  • #44,158
  • Dec 11, 2007 12:08pm Dec 11, 2007 12:08pm
you people are crazy going long.. gpb/usd has been trending down the past two weeks and i believe will continue that trend, at least the technicals point to that... good luck!
  • #44,159
  • Dec 11, 2007 12:09pm Dec 11, 2007 12:09pm
Quoting AmeriTrini
watch the price go down!!!!!
Nah, looks like Eur/USD stopped at its usual *.65, USD/JPY is likely to be stopped by 110.6, and GBP ascend will be in the works late night. It's too early for the long entries, however. No reason to pay the swap at 17-00
"Luxury is one of the basic needs", (c), Don Corleone
  • #44,160
  • Dec 11, 2007 12:12pm Dec 11, 2007 12:12pm
Quoting ScottH
you people are crazy going long.. gpb/usd has been trending down the past two weeks and i believe will continue that trend, at least the technicals point to that... good luck!
ScottH, the trend you are talking about ended when it hit the lower boundary on the 18-month up-trend (on the daily and weekly). Now the turn up is in the works, but as always with GBP it's very choppy.
"Luxury is one of the basic needs", (c), Don Corleone
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