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Cable Update (GBPUSD)

  • #46,081
  • Dec 19, 2007 2:03pm Dec 19, 2007 2:03pm
Quoting allserene
forget that the 2.1125 started there - the future starts afresh every nanosecond that passes and so if it goes 2.02 - thats a loss from where we are now ..and we don't like losses Bud Fox....

not saying the slide is over - not at all- but cash it at 1.98 eh and buy a satellite phone internet connection so you never get isolated again !

history is bunkum



edit: huh! bellow 2? who would have thought! It's like I (almost) never left
Cable is my sugardaddy
  • #46,082
  • Dec 19, 2007 3:22pm Dec 19, 2007 3:22pm
Btw, what have bored Asian housewives been up to over the last two months? Quiet times or fun?
Cable is my sugardaddy
  • #46,083
  • Dec 19, 2007 3:25pm Dec 19, 2007 3:25pm
Speculation that European 500 Billion loan offer signals largish problem for eurozone bankers. I am starting to speculate the Pound may end up looking like it has little problems relative to USD and EUR, despite the rhetoric.

I was long GBPUSD at 2.04 last week, and took some lumps; i have to wonder if my current entry will afford me a little more flexibility to the pair going forward. A ride to 2.10, perhaps? To dream a perfect trade where I double lots every 100 pips or so... British bankers are not going to want their currency too weak, he with the highest valued currency wins.

Good luck, I haven't booked profit yet, and the best laid plans of man...you know how it goes.
  • #46,084
  • Dec 19, 2007 3:48pm Dec 19, 2007 3:48pm
Cable going ~1.96 area then must wach what happend next .
  • #46,085
  • Dec 19, 2007 4:01pm Dec 19, 2007 4:01pm
Why is cable going down.? is it because we broke the support level earlier at 1.9986 and it when too 1.9927.
Im a newie
I know nothing...
  • #46,086
  • Dec 19, 2007 4:31pm Dec 19, 2007 4:31pm
Almost booked profit at 1.9980 thinking I would get another entry...not a moment later is sank 15 pips..I am still holding, but I have to wonder if other were thinking what I was thinking. Also, for those that sold - what chance they will get in cheaper without a substantial retrace.

Jut need EURGBP to weaken a bit and might be all the fuel required to get back over $2...

hitting some resistance areas here, lets see if we can plow through.

Edit: Dumped it! I'll take the small profit...peace
  • #46,087
  • Dec 19, 2007 4:31pm Dec 19, 2007 4:31pm
cable is going down because there is more selling than buying ( well not exactly since sell on 1 side = buy on the other but you catch my drift). 2 of the strongest feelings will play part tomorrow at least initially in the morning session, that is : regret and greed. Those who didnt join the action will regret they didnt and will start selling and those who did probably think they joined in the right time so they want more PROFEDS and will wait .

Of course i may be just chatting sh!t and we will have 200pips rally. only time will tell. Anyways good luck tomorrow everyone.
  • #46,088
  • Dec 19, 2007 5:42pm Dec 19, 2007 5:42pm
i put a buy in for 1.9814 for over night whipsaw miracle.

This pair irks me.
  • #46,089
  • Dec 19, 2007 6:36pm Dec 19, 2007 6:36pm
Where are the current R's and S's . If i may ask ??
I'm really confused
  • #46,090
  • Dec 19, 2007 7:27pm Dec 19, 2007 7:27pm
Looks like all the wrangling about the direction of the GBP was finally answered today. You know the saying the trend is your friend until it ends. Well, did it end? Is this just a correction? Only time will tell. As I stated yesterday smart money is short the GBP and has been a few weeks now.

Gone are the days when you can just buy on dips and make your pips. The technicals and fundamentals have changed and thus the direction of the GBP has retreated, much further than most cable bulls wanted to see. As stated there is no compelling reason for a sustained move up in the cable with current market conditions. So welcome to the old days of trading where you had to trade what you see and not what you feel.
  • #46,091
  • Dec 19, 2007 7:53pm Dec 19, 2007 7:53pm
Quoting TIckerShuffl
British bankers are not going to want their currency too weak, he with the highest valued currency wins.
Where in the world of economics does this fit in? Just wondering
  • #46,092
  • Dec 19, 2007 8:14pm Dec 19, 2007 8:14pm
Quoting XLInvestor
So welcome to the old days of trading where you had to trade what you see and not what you feel.
That's the most important thing to learn in Forex - there is no place for any feelings or intuition. One always must trade what he or she sees based on one's system, that is indicators and pivot points.
"Luxury is one of the basic needs", (c), Don Corleone
  • #46,093
  • Dec 19, 2007 8:21pm Dec 19, 2007 8:21pm
We can talk about how depreciation and appreciation of a currency effects imports and export, or more specifically the ability for a nation to pay it's trade deficits, but I am just loosely saying...

...no one wants a weak currency. It's all about making the most powerful nation and holding the best cash.
  • #46,094
  • Dec 19, 2007 9:07pm Dec 19, 2007 9:07pm
From the commercials I saw on television Time warner had cable on special this month. Some end of the year special and you can look forward to it until the end of the year. And things go well they might want to extend this special into next month also.
  • #46,095
  • Dec 19, 2007 10:13pm Dec 19, 2007 10:13pm
Quoting Firstboss
That's the most important thing to learn in Forex - there is no place for any feelings or intuition. One always must trade what he or she sees based on one's system, that is indicators and pivot points.
I'm going to disagree with that. My experience and "feel" for markets has not only made me a lot of money over the years but it has saved me a hell of a lot as well. Many of you who rely solely on indications and systems will quite often be a step behind.
  • #46,096
  • Dec 19, 2007 10:28pm Dec 19, 2007 10:28pm
Quoting trapped
I'm going to disagree with that. My experience and "feel" for markets has not only made me a lot of money over the years but it has saved me a hell of a lot as well. Many of you who rely solely on indications and systems will quite often be a step behind.
anyone can say they made "lots" of money, care to provide some proof?
  • #46,097
  • Dec 19, 2007 10:33pm Dec 19, 2007 10:33pm
Quoting AmeriTrini
anyone can say they made "lots" of money, care to provide some proof?
The amount of money I have is irrelevant to the point I was making.
  • #46,098
  • Dec 19, 2007 10:42pm Dec 19, 2007 10:42pm
Quoting trapped
I'm going to disagree with that. My experience and "feel" for markets has not only made me a lot of money over the years but it has saved me a hell of a lot as well. Many of you who rely solely on indications and systems will quite often be a step behind.
no its very relevant, its your main arguement for trading without "feelings", don't become a lawyer, PLEASE!!
  • #46,099
  • Dec 19, 2007 10:47pm Dec 19, 2007 10:47pm
this thread has been changed to be a fight club... instead a conversation about GBPUSD pair...
  • #46,100
  • Dec 19, 2007 10:50pm Dec 19, 2007 10:50pm
Quoting AmeriTrini
no its very relevant, its your main arguement for trading without "feelings", don't become a lawyer, PLEASE!!
I was hardly bragging about money. My argument was that traders who rely soley on systems and indicators will often be lagging behind. There's a lot to be said about experience and gut feelings and your ability to adapt to changing market conditions.
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