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Cable Update (GBPUSD)

  • #46,001
  • Dec 19, 2007 5:35am Dec 19, 2007 5:35am
Quoting AmeriTrini
so, if we are not using your method, its gambling?.............LOL!!!.....

I did not say that, unless you are implying that. Nevertheless, it is not a secret that people just shout buy and sell for no reason......
  • #46,002
  • Dec 19, 2007 5:39am Dec 19, 2007 5:39am
Quoting forexguru
not only 5 minutes.. many traders had short positions 3-4 hours before news cause price was going down and down
don't want to argue just for argument but still, for a few hours position, like 3-4 hours, before important news, very significant news, a trader not completely stupid would certainly use SL about 100 pips, if not more. Especially when it considered transition from Asian to European.

But enough, some people certainly got burnt, but just and average cleverness would avoid it.
  • #46,003
  • Dec 19, 2007 5:41am Dec 19, 2007 5:41am
Quoting JanPoko
don't want to argue just for argument but still, for a few hours position, like 3-4 hours, before important news, very significant news, a trader not completely stupid would certainly use SL about 100 pips, if not more. Especially when it considered transition from Asian to European.

But enough, some people certainly got burnt, but just and average cleverness would avoid it.
i've never heard of "average cleverness" but, ok..........
  • #46,004
  • Dec 19, 2007 5:47am Dec 19, 2007 5:47am
This is Cable Thread or Argument Thread ???

Come on guys. Come back to work. UP or DOWN now???

The cable 's thinking. I'm thinking 2
  • #46,005
  • Edited 6:13am Dec 19, 2007 5:51am | Edited 6:13am
Quoting AmeriTrini
i've never heard of "average cleverness" but, ok..........
Try to learn some language from the textbook only and I am pretty sure you will spawn even wilder nonsenses...
But my apology if it is painful to your ears
  • #46,006
  • Dec 19, 2007 6:15am Dec 19, 2007 6:15am
my dog's better'n yer dog!
To laugh, to learn, and to teach!
  • #46,007
  • Dec 19, 2007 6:22am Dec 19, 2007 6:22am
"The Pound on the other hand declined heavily against the U.S Dollar as the Minutes showed the bank discussed cutting rates by 50 basis points but decided not to implement such a cut because of its expected aftermath on already rising inflation, the Pound recorded a high of 2.0195 and dropped to set a low of 2.0049." = excerpt from ActionForex News.


WHAT DOES THAT MEAN?
  • #46,008
  • Dec 19, 2007 6:48am Dec 19, 2007 6:48am
Quoting arinforex
"The Pound on the other hand declined heavily against the U.S Dollar as the Minutes showed the bank discussed cutting rates by 50 basis points but decided not to implement such a cut because of its expected aftermath on already rising inflation, the Pound recorded a high of 2.0195 and dropped to set a low of 2.0049." = excerpt from ActionForex News.


WHAT DOES THAT MEAN?
the font size is too big
  • #46,009
  • Dec 19, 2007 6:53am Dec 19, 2007 6:53am
Quoting FXdaily
No cut happend and cable going UP after NEWs release !

FXDAILY u suxxxxxxxxxxx you said it wrong again, you always wrong, i wontmake attention to your call again ..
you said there will be no cut and gbp will go up, then see what happen ? dont drunk before you say something plz :
  • #46,010
  • Dec 19, 2007 7:11am Dec 19, 2007 7:11am
If one looks at the euro dollar chart, that and cable are moving in tandem - so it's really about the dollar and not the MPC thinking about this that and the other.

I think we get too focused on London and what is happening there and we should take a step back and see that external factors are moving cable
  • #46,011
  • Dec 19, 2007 7:15am Dec 19, 2007 7:15am
Quoting allserene
If one looks at the euro dollar chart, that and cable are moving in tandem - so it's really about the dollar and not the MPC thinking about this that and the other.

I think we get too focused on London and what is happening there and we should take a step back and see that external factors are moving cable
Are you still "buying the dips?"
To laugh, to learn, and to teach!
  • #46,012
  • Dec 19, 2007 7:34am Dec 19, 2007 7:34am
Quoting myles
Are you still "buying the dips?"
Yes but with stop losses

I am down a bit over the last week as I had all of that that nice bounce up to play with..

I know that 1.98 is on the cards so I have tight stop losses but I still think the reasons this 2 year slide started have not gone away - the twin deficits that everyone has forgotten about ?

When that enters the conciousness again then I see this huge slide being reversed to some extent and if I am right there is money to be made - but riding the long wave...

All the action recently has been about carry trades and interest rate differentials and still is.. but there is more to it than that....

I watched 'Wall Street' again 2 nights ago - 'The fast buck merchants come and go in every bull market - what really counts is fundamentals'

Still rings true but they mentioned the country going to hell because of the twin deficits and that film is about 20 years old so perhaps the final demise of the USD is not imminent.

But it's not a healthy situation either
  • #46,013
  • Dec 19, 2007 7:36am Dec 19, 2007 7:36am
Quoting mohsen57
FXDAILY u suxxxxxxxxxxx you said it wrong again, you always wrong, i wontmake attention to your call again ..
you said there will be no cut and gbp will go up, then see what happen ? dont drunk before you say something plz :

Interesting!
Mohsen57, there are two main views in this thread you should follow to minimize your losses. They are that of
1. QS
2. deboooo2005

If QS is right, deboooo2005 is likely going to be wrong. If both share the same views about the market, GBP/USD is in a range for intra-day

We can experiment this for a while.

I think they have slightly different strategies.

Don't take me serious, just joking, but I have in the past seriously compare QS call and he was right most times until recently when he started shouting Up, and Up I could not figure out how and why he was calling up.
  • #46,014
  • Dec 19, 2007 7:38am Dec 19, 2007 7:38am
Quoting mohsen57
FXDAILY u suxxxxxxxxxxx you said it wrong again, you always wrong, i wontmake attention to your call again ..
you said there will be no cut and gbp will go up, then see what happen ? dont drunk before you say something plz :
i am laughing on him everyday he is funny trader just enjoying
  • #46,015
  • Dec 19, 2007 7:42am Dec 19, 2007 7:42am
Quoting allserene
If one looks at the euro dollar chart, that and cable are moving in tandem - so it's really about the dollar and not the MPC thinking about this that and the other.

I think we get too focused on London and what is happening there and we should take a step back and see that external factors are moving cable
The pound has been much weaker, granted the two move together generally against the dollar (most of the time, but not all the time), but the EUR is being propped up with EURGBP trading higher and higher. I am shorting some EUR to see if it catches up with all the other pairs that have really weakened moreso against the Dollar.
  • #46,016
  • Dec 19, 2007 8:23am Dec 19, 2007 8:23am
i have recently checked that weekly trendline already break

next target is 9950 arround

even i am thinking next coming weeks price should nubmers 9675 kind of
  • #46,017
  • Dec 19, 2007 8:27am Dec 19, 2007 8:27am
Quoting Designer1
i have recently checked that weekly trendline already break

next target is 9950 arround

even i am thinking next coming weeks price should nubmers 9675 kind of
im with you buddy!!!
  • #46,018
  • Dec 19, 2007 8:51am Dec 19, 2007 8:51am
cable fall sleep, can you wake her up.
  • #46,019
  • Dec 19, 2007 8:58am Dec 19, 2007 8:58am
Quoting yellowbrick
cable fall sleep, can you wake her up.
not quite so. I think it is slowly returning to some 2.0100 now...

those who sell must cover their sells.
still a bit risky...
  • #46,020
  • Dec 19, 2007 9:01am Dec 19, 2007 9:01am
...!
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