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Cable Update (GBPUSD)

  • #44,581
  • Dec 12, 2007 10:28pm Dec 12, 2007 10:28pm
Long @2.0475, target - 2.0518, no stop-loss (live watch instead)
"Luxury is one of the basic needs", (c), Don Corleone
  • #44,582
  • Dec 12, 2007 10:30pm Dec 12, 2007 10:30pm
Quoting Qu|cksilver
my TA shows down..
Then your TA just erased my DILEMMA Anyway... action taken. SL still far away. When it really goes down... will straight away change SL to a few pips on the GREEN
  • #44,583
  • Dec 12, 2007 10:31pm Dec 12, 2007 10:31pm
today is going down.. the sky tells me dat..
target .0320
  • #44,584
  • Dec 12, 2007 10:31pm Dec 12, 2007 10:31pm
That reading we just saw, - 40.6 %, is it really that bad ? I am having a hard time reading the description of it

" For instance, a reading of 50% means that 50% more surveyors reported a rise than reported a fall in prices."

So I guess we might expect a big move down a london ( or Frankfurt ) open ?

Thanks
  • #44,585
  • Dec 12, 2007 10:32pm Dec 12, 2007 10:32pm
Most likely scenario for tonight - a visit to 2.0520, then retrace to 2.0490 until the morning news
"Luxury is one of the basic needs", (c), Don Corleone
  • #44,586
  • Dec 12, 2007 10:35pm Dec 12, 2007 10:35pm
ive concerned now the BEAR might push Kable down with a big CLAW
change the future, not the past
  • #44,587
  • Dec 12, 2007 10:35pm Dec 12, 2007 10:35pm
Quoting Firstboss
Most likely scenario for tonight - a visit to 2.0520, then retrace to 2.0490 until the morning news
ummm, no! down from here!!
  • #44,588
  • Dec 12, 2007 10:37pm Dec 12, 2007 10:37pm
Quoting Hansbrocks
That reading we just saw, - 40.6 %, is it really that bad ? I am having a hard time reading the description of it

" For instance, a reading of 50% means that 50% more surveyors reported a rise than reported a fall in prices."

So I guess we might expect a big move down a london ( or Frankfurt ) open ?

Thanks
look at it this way: a positive number is bullish for the pound and a negative number is bearish.........what kinda number did we get??........
  • #44,589
  • Dec 12, 2007 10:42pm Dec 12, 2007 10:42pm
Quoting AmeriTrini
look at it this way: a positive number is bullish for the pound and a negative number is bearish.........what kinda number did we get??........
Yes I know hehe

But a small difference of negative will not do a big impact on the market. I have trouble identifiing if this has a REALLY big impact.

HansBrocks
  • #44,590
  • Dec 12, 2007 10:42pm Dec 12, 2007 10:42pm
Quoting Hansbrocks
That reading we just saw, - 40.6 %, is it really that bad ? I am having a hard time reading the description of it

" For instance, a reading of 50% means that 50% more surveyors reported a rise than reported a fall in prices."

So I guess we might expect a big move down a london ( or Frankfurt ) open ?

Thanks
Don't just read the small description... read this

Preview - RICS Index Will Indicate Speed Of UK Housing Downturn

http://www.forexfactory.com/news.php?do=news&id=60285
  • #44,591
  • Dec 12, 2007 10:44pm Dec 12, 2007 10:44pm
Quoting Hansbrocks
Yes I know hehe

But a small difference of negative will not do a big impact on the market. I have trouble identifiing if this has a REALLY big impact.

HansBrocks
they were expecting -28.5 and got -40, and you dont think thats big?? worst case they were thinking -35................
  • #44,592
  • Dec 12, 2007 10:45pm Dec 12, 2007 10:45pm
bye bye cable..........
  • #44,593
  • Dec 12, 2007 10:48pm Dec 12, 2007 10:48pm
Quoting Malaysia
Don't just read the small description... read this

Preview - RICS Index Will Indicate Speed Of UK Housing Downturn

http://www.forexfactory.com/news.php?do=news&id=60285
Thank you!
  • #44,594
  • Dec 12, 2007 10:55pm Dec 12, 2007 10:55pm
Looking at long term chart we are going down to 1.9..

maybe...
"Invest With The Insiders, Not The Masses" George Muzea
  • #44,595
  • Dec 12, 2007 10:57pm Dec 12, 2007 10:57pm
Quoting Qu|cksilver
Looking at long term chart we are going down to 1.9..

maybe...
I got 2.00, but we are pretty much close to each other!!.......
  • #44,596
  • Dec 12, 2007 11:00pm Dec 12, 2007 11:00pm
Wow, all this bearish talk - so should I short Cable right now? :
  • #44,597
  • Dec 12, 2007 11:03pm Dec 12, 2007 11:03pm
Quoting ~Shard~
Wow, all this bearish talk - so should I short Cable right now? :
right now, and dont waste a second!!
  • #44,598
  • Dec 12, 2007 11:04pm Dec 12, 2007 11:04pm
of course gpb has fundamentally a way and its down,
the thing is """EURO/USD""".......

is threating with strong bullish signals, and you know how pound follows.
and if it breaks above 2.0500 that can be confused with bullish trend and can send cable really high.

carry cows at this moment are not caring much about fundamentals, they just want to get into the madness to get some profit i bet for christmas, who knows....
""thats the danger"" at this moment.
in my opinion.
  • #44,599
  • Dec 12, 2007 11:04pm Dec 12, 2007 11:04pm
Quoting AmeriTrini
right now, and dont waste a second!!
Okie dokie!

  • #44,600
  • Dec 12, 2007 11:05pm Dec 12, 2007 11:05pm
Quoting AmeriTrini
I got 2.00, but we are pretty much close to each other!!.......
yup..might be somwhere there...
"Invest With The Insiders, Not The Masses" George Muzea
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