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Cable Update (GBPUSD)

  • #45,801
  • Dec 18, 2007 1:02pm Dec 18, 2007 1:02pm
Quoting TIckerShuffl
Smart money doesn't know where it's going, either - so the story goes.
Maybe 18 Billion in Goldman profits isn't so smart.

"The Goldman results capped a record year for the bank, which generated a 33 percent return on equity despite the turmoil in credit markets and a slump in leveraged buyout activity. And while the rest of Wall Street recorded billions in mortgage and credit write-downs, Goldman's losses were modest.
  • #45,802
  • Dec 18, 2007 1:12pm Dec 18, 2007 1:12pm
Quoting deboooo2005
thats sound good ... and take care
LoL
I Deeply Love My Virtual Life In Virtual World , RLC
  • #45,803
  • Dec 18, 2007 1:19pm Dec 18, 2007 1:19pm
Quoting TIckerShuffl
Smart money doesn't know where it's going, either - so the story goes.
Maybe you should look at it this way. In the institutional markets there are two sides - the winners and the losers. Just like this forum.

The difference is if you follow the institutional players you have a better view of the market than following our experts here without resources to analyze the market.

With a good system you can alway follow the winning institutional players instead of the losing ones, or even think of following some of the gurus here who can not tell a bear day from a bullish day.
  • #45,804
  • Dec 18, 2007 1:35pm Dec 18, 2007 1:35pm
Quoting fxbroker
Maybe you should look at it this way. In the institutional markets there are two sides - the winners and the losers. Just like this forum.

The difference is if you follow the institutional players you have a better view of the market than following our experts here without resources to analyze the market.

With a good system you can alway follow the winning institutional players instead of the losing ones, or even think of following some of the gurus here who can not tell a bear day from a bullish day.
so tomorow is a bull or a bear ?
I Deeply Love My Virtual Life In Virtual World , RLC
  • #45,805
  • Dec 18, 2007 1:45pm Dec 18, 2007 1:45pm
Quoting notme32
so tomorow is a bull or a bear ?
Seriously speaking, tomorrow is too far to be worried about it. Today has not ended yet. If I have time I will post it in the usual place at the right time.
  • #45,806
  • Dec 18, 2007 1:51pm Dec 18, 2007 1:51pm
19:38 GMT December 18 Cable opened in New York trading 2.0160 following the
setbacks seen overnight on the back of the softer than expected UK inflation
numbers. CPI came in at 2.1% y/y, below the market expectation for 2.2% y/y,
with the key component showing a softer core CPI number at 1.4% versus the
expected 1.6%. The pair remained capped below 2.0200 throughout the session with
decent sized offers seen into the London fix to drive the price back under
2.0150, the 200-day simple moving average. Technical research highlighting the
significance of the 200-day made the rounds, with the chart highlighting the
bearishness of a potential close below the latter which hasn't occurred since
April 2006. This was seen prompting additional sales.
Looking ahead, tomorrow"s key UK event risk is the 09:30GMT publication of
the minutes from the December 5/6 BoE MPC meeting. IFR expects these to reveal
that the UK base rate was cut by 25bp to 5.5% by a majority 7-2 vote, with Tim
Besley and Andrew Sentance dissenting by voting for no change.
  • #45,807
  • Dec 18, 2007 2:36pm Dec 18, 2007 2:36pm
Terrible, if 2.01 is the technical resistance, it should bounce back very quickly near 2.01, now, it can stay in around 2.0130 for several hours... seems all those who long already dead...
  • #45,808
  • Dec 18, 2007 2:52pm Dec 18, 2007 2:52pm
Monthly chart
Attached Image (click to enlarge)
Click to Enlarge Name: 001.gif Size: 12 KB
  • #45,809
  • Dec 18, 2007 3:12pm Dec 18, 2007 3:12pm
2,000 pounds per person in tax dollars...ouch.

javascript:void(window.open('http://cosmos.bcst.yahoo.com/up/finance;_ylt=AjYLi6y2V2WiZB6H7dZggZi7YWsA?ch=1732795&cl=5555390&lang=','playerWindow','width=793,height=666,scrollbars=no'));
  • #45,810
  • Dec 18, 2007 4:15pm Dec 18, 2007 4:15pm
Daily Pivot 2.0159

First Daily Resistance seen @ 2.0209

First Daily Support seen @ 2.0095


Cable Till Now trade Down Pivot Level
  • #45,811
  • Dec 18, 2007 4:47pm Dec 18, 2007 4:47pm
Turned my $45 loss into a $63 profit today!! not bad for 1 mini lot. Trade the system not your emotions and dont be greedy! What will tomorrow bring????
  • #45,812
  • Dec 18, 2007 5:13pm Dec 18, 2007 5:13pm
GBP/USD: Rally At NY Close Confuses Technical Picture Sydney, December 19: The GBP/USD rally to 2.0145 into the US close prevented the pairing from closing below the 200-day MA at 2.1045 for the first time since April 2006. The GBP/USD has formed a support base at 2.0100/10 amid talk of option related bids ahead of a 2.0100 barrier. Hourly resistance is found around 2.0195 and a break back above that level would relieve downward pressure.
The GBP/USD came under pressure after the UK CPI data came in a bit softer than expected and ignited expectations that the BOE might ease rates again as early as January. Traders speculate that the GBP/USD might be get some support from potential EUR/GBP demand if GBP borrowers decide to tap cheaper EUR short- term rates after the ECB provided large amounts of liquidity yesterday resulting in Euribor rates sliding lower. The GBP/USD trades 2.0137/42
  • #45,813
  • Edited 8:13pm Dec 18, 2007 5:40pm | Edited 8:13pm
Quoting tim1234
GBP/USD: Rally At NY Close Confuses Technical Picture Sydney, December 19: The GBP/USD rally to 2.0145 into the US close prevented the pairing from closing below the 200-day MA at 2.1045 for the first time since April 2006. The GBP/USD has formed a support base at 2.0100/10 amid talk of option related bids ahead of a 2.0100 barrier. Hourly resistance is found around 2.0195 and a break back above that level would relieve downward pressure.
The GBP/USD came under pressure after the UK CPI data came in a bit softer than expected and ignited expectations that the BOE might ease rates again as early as January. Traders speculate that the GBP/USD might be get some support from potential EUR/GBP demand if GBP borrowers decide to tap cheaper EUR short- term rates after the ECB provided large amounts of liquidity yesterday resulting in Euribor rates sliding lower. The GBP/USD trades 2.0137/42
i have been trading since 1 week ago almost on a daily basis only gbp. but in my opinion this pair has just gone insane, the battle between bulls and bears here, is making a lot of strange movements.
promise not to trade it anymore at least until market calms down.
we fall to 1.9850 or we go to 2.0500.

the prefered target i am aware is down but gbp bulls are defending really well 2.0100 area and if they manage to form support there. i wont be surprised they will push a run.

for now i am on vacations with this pair. now to trade, uj and ucad.
in my opinion more profitables and less risk than gbp.
(BEWARE!!!!!, GU is following the path of equities. just a good and friend told me this. they are waiting to the unit to support then long gu again, he also dont think is going to fall too much cause oil is currently a buffer for gbp same than canadian).

what do you think, are you still stick to death with gbp?
  • #45,814
  • Dec 18, 2007 7:48pm Dec 18, 2007 7:48pm
wat indicators would be recommended? im using Macd rsi and stoch and the parabolic SAR. i find the parabolic SAR doesnt go the way i wanted it to go. any suggestions?
You better be ready for the future, for the future is NOW.
  • #45,815
  • Dec 18, 2007 8:07pm Dec 18, 2007 8:07pm
It's early, but look for a weekly close above within that trendline. My number is around 2.0160.
  • #45,816
  • Dec 18, 2007 8:33pm Dec 18, 2007 8:33pm
Quoting jackojacko
wat indicators would be recommended? im using Macd rsi and stoch and the parabolic SAR. i find the parabolic SAR doesnt go the way i wanted it to go. any suggestions?
I would recommend you spend $20 on FXCM's basic course ( http://www.fxcm.com/power-course-promo.jsp ) and then you will learn all about indicators, don't try to make any short cuts or take advise on what others do, find your own style.

Personally I trade news and Japanese candles only.
  • #45,817
  • Dec 18, 2007 9:23pm Dec 18, 2007 9:23pm
Quoting dodge
I would recommend you spend $20 on FXCM's basic course ( http://www.fxcm.com/power-course-promo.jsp ) and then you will learn all about indicators, don't try to make any short cuts or take advise on what others do, find your own style.

Personally I trade news and Japanese candles only.
plus you get a great charting package free($100 value)for 1 month!!!............
  • #45,818
  • Dec 18, 2007 9:43pm Dec 18, 2007 9:43pm
What you think of that CPI? Tailor made news...
  • #45,819
  • Dec 18, 2007 9:58pm Dec 18, 2007 9:58pm
I guess Q will be on holiday for today and tomorrow. Happy Idul Adha day from INdonesia Q...
  • #45,820
  • Dec 18, 2007 10:04pm Dec 18, 2007 10:04pm
so today is bull or bear? i'm looking at my charts n a bit confused.. downtrend continuing. but also may retrace to .0300 ...
opinions???
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