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Cable Update (GBPUSD)

  • #45,781
  • Dec 18, 2007 11:15am Dec 18, 2007 11:15am
[quote=Gnat;1765248]
Quoting FXdaily

Have you heard about the forum rules?
Yes
  • #45,782
  • Dec 18, 2007 11:16am Dec 18, 2007 11:16am
Quoting deboooo2005
i'm out from more than 15 minutes when it reach 2.0128

with 57 pips +
thanks friend
  • #45,783
  • Dec 18, 2007 11:18am Dec 18, 2007 11:18am
Quoting XLInvestor
I have been following this thread for a very long time and up till a few weeks ago it was smooth sailing on the cable, you simply buy on dips, make lot of pips. Well it has finally made a bit of a turn and this is the market that as a long time trader I am used to seeing. At this point you need to use your fibo's, candles, S/Rs, trend lines and other proven methods to make good trades, Hope is not a reason to make a trade.

There is no compelling reason for the cable to go up. All the old reasons are no longer valid. The news now is that the UK is beginning to see the effects of the recent global credit crunch. The BoE has no real reason to raise rates and despite inflation fears, lack of growth and recession will dominate the news. The key levels of support have recently been broken and the fundamentals and technical have all changed. It's a traders dream or nightmare and that depends on how you look at it.
I am a newbie who has been peering into this thread for a few months now. I am looking forward to your contributions which minimize 'hope' and maximize fundies and technicals.

Do you or anyone else here have access to who the institutional mover and shaker are and what are their needs from one day to the next? It seems to me that 'small' traders can only react to what the big traders are doing and if they use some logic in their processes our technicals and fundies will help us. It may be that if we had that info we may be able to understand why the market does not always respond to news and why the technicals are at best, indicators.
  • #45,784
  • Dec 18, 2007 11:19am Dec 18, 2007 11:19am
Quoting deboooo2005
i'm out from more than 15 minutes when it reach 2.0128

with 57 pips +
2.0130 i think thats enought me too
  • #45,785
  • Dec 18, 2007 11:22am Dec 18, 2007 11:22am
Quoting 30pips
....100 pips down, 90 pips up then 60 down and you call that clear short!

Watch Dollar Index .... and you will know what i mean
  • #45,786
  • Dec 18, 2007 11:22am Dec 18, 2007 11:22am
i am out too 100 pips for today
  • #45,787
  • Dec 18, 2007 11:23am Dec 18, 2007 11:23am
Quoting FXdaily
2.0130 i think thats enought me too
.... thats sounds good ... greedy is baddest thing in forex
  • #45,788
  • Dec 18, 2007 11:29am Dec 18, 2007 11:29am
Quoting deboooo2005
.... thats sounds good ... greedy is baddest thing in forex
Absolutley agree. But only 3 LOT s :*(
  • #45,789
  • Dec 18, 2007 11:39am Dec 18, 2007 11:39am
Quoting Klee
I am a newbie who has been peering into this thread for a few months now. I am looking forward to your contributions which minimize 'hope' and maximize fundies and technicals.

Do you or anyone else here have access to who the institutional mover and shaker are and what are their needs from one day to the next? It seems to me that 'small' traders can only react to what the big traders are doing and if they use some logic in their processes our technicals and fundies will help us. It may be that if we had that info we may be able to understand why the market does not always respond to news and why the technicals are at best, indicators.
I have seen references to the Big Boys and them trying to subvert the little guys. Well all you need to know is what Goldman recently released. "" The GPB is the most overvalued currency" and an outright sell on the GBP/JPY.

Now how can you go against the Big Boy on the Big Boy block!
  • #45,790
  • Dec 18, 2007 11:44am Dec 18, 2007 11:44am
There is no 2.02....smell
  • #45,791
  • Dec 18, 2007 11:45am Dec 18, 2007 11:45am
double top and double bottom
tomorrow will be triple top and triple bottom
and again...................

up and down...........

LONG GU LONG..............
I Deeply Love My Virtual Life In Virtual World , RLC
  • #45,792
  • Dec 18, 2007 11:51am Dec 18, 2007 11:51am
Dear all i watch this thread constantly recently. the cable uptrend tunnel has formed long time ago, and the bottoms of the tunnel had been touched many times. I want to know whether everytime you guys are very uncertain like this time OR most of you know that the previous bottoms were not going to break previously ? It's hard to check the thread as there are too many pages.
  • #45,793
  • Edited 12:05pm Dec 18, 2007 12:04pm | Edited 12:05pm
Quoting XLInvestor
I have seen references to the Big Boys and them trying to subvert the little guys. Well all you need to know is what Goldman recently released. "" The GPB is the most overvalued currency" and an outright sell on the GBP/JPY.

Now how can you go against the Big Boy on the Big Boy block!
As I have 'sweated' over FX, I don't see 'Big Boys' as trying to crush ordinary traders. I think they are busily trying to ensure longevity of their resources which will be best ensured by a thriving world economy. Our problems come when the smart alecs e.g. 'the subprime scammers' get into the mix resulting in the kind of international screw up we are now experiencing.

I am really after learning more about what the 'Goldmans' of this world want and are doing on a day by day (or even monthly) basis. Would that information not help your trading?
  • #45,794
  • Dec 18, 2007 12:11pm Dec 18, 2007 12:11pm
this news for cable it released today ... it was mention tomorrow

Business Investment q/q (r) (released early)

actual release 2.0% and previous was 0%
  • #45,795
  • Dec 18, 2007 12:19pm Dec 18, 2007 12:19pm
HEHEHE weeehaaaaaaaaaa goood NEWs Investor just says me we get tommorrow 100.000$ account hehe you know what that mean i start trading with 10 LOT every trade
  • #45,796
  • Dec 18, 2007 12:24pm Dec 18, 2007 12:24pm
Quoting Klee
As I have 'sweated' over FX, I don't see 'Big Boys' as trying to crush ordinary traders. I think they are busily trying to ensure longevity of their resources which will be best ensured by a thriving world economy. Our problems come when the smart alecs e.g. 'the subprime scammers' get into the mix resulting in the kind of international screw up we are now experiencing.

I am really after learning more about what the 'Goldmans' of this world want and are doing on a day by day (or even monthly) basis. Would that information not help your trading?
I didn't say the Big Boys were trying to crush us, nor do I think there is any kind of co-ordinated effort against the individual traders. My point was that we can learn what the institutional traders are doing and do as they do. All I want to do is be on the same side of the trade as the smart money, and there is no argument that Goldman is smart money. My point for this thread is that the GBP is labeled as overvalued and has a sell recommendation by Goldman, that doesn't mean it will not it cannot go up it just means to me that as long as the level it broke thru last week holds it is bearish , with many a pip to be made either way. Happy trading!
  • #45,797
  • Dec 18, 2007 12:40pm Dec 18, 2007 12:40pm
Quoting XLInvestor
I didn't say the Big Boys were trying to crush us, nor do I think there is any kind of co-ordinated effort against the individual traders. My point was that we can learn what the institutional traders are doing and do as they do. All I want to do is be on the same side of the trade as the smart money, and there is no argument that Goldman is smart money. My point for this thread is that the GBP is labeled as overvalued and has a sell recommendation by Goldman, that doesn't mean it will not it cannot go up it just means to me that as long as the level it broke thru last week holds it is bearish , with many a pip to be made either way. Happy trading!
Smart money doesn't know where it's going, either - so the story goes.
  • #45,798
  • Dec 18, 2007 12:45pm Dec 18, 2007 12:45pm
Quoting XLInvestor
My point was that we can learn what the institutional traders are doing and do as they do. All I want to do is be on the same side of the trade as the smart money, and there is no argument that Goldman is smart money.
Deep thinking and trading style. I think this is the best thing to do!
but how many people know how? or are willing to follow institutional traders?

Many people find it difficult to to follow institutional traders even though you show it to them Like I always do every morning before London opens.
at this thread.

http://www.forexfactory.com/showpost...&postcount=147

But it is also fun for me to read here how people fight over who is right
on where cable is going even though it is no longer secret where it is going.
  • #45,799
  • Dec 18, 2007 12:46pm Dec 18, 2007 12:46pm
Quoting FXdaily
HEHEHE weeehaaaaaaaaaa goood NEWs Investor just says me we get tommorrow 100.000$ account hehe you know what that mean i start trading with 10 LOT every trade
thats sound good ... and take care
  • #45,800
  • Dec 18, 2007 12:53pm Dec 18, 2007 12:53pm
Quoting deboooo2005
thats sound good ... and take care
I try Thanks.
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