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Cable Update (GBPUSD)

  • #47,201
  • Dec 27, 2007 12:49pm Dec 27, 2007 12:49pm
Quoting Bodhimind
Hey hes entitle to his opinion whether right or wrong. Sarcasm isnt appreciated.

But looking that far ahead unless your style is to trade for very long term doesnt make sense to me.
Hes probably right, it will go down 200 pips by then. At that point I will be ready to short it, once I make a correct assessment at that time.
ready to short it becos a 5.50% interest differential over 4.50% fed funds results in a weaker sterling going forward?? doesnt make sense does it, its sentiment play at the moment overall long term trend is bullish medium term bearish?, short term bullish - as seen today?. Cable could go to 2.0200 (test neckline) before coming off to 1.9650 then target 1.9200 as per daily head and shoulder

Tricky conjecture before new year, eurodollar certainty outperforming the cable weakness is mainly due to sterling weakness as seen in eurosterling..
Trading is 80% Emotional, 20% Technical
  • #47,202
  • Dec 27, 2007 12:52pm Dec 27, 2007 12:52pm
yes.........but you know G/U is sometimes a bear to figure out on trend. Sorry about the loss forsure. I really like your calls though. Everyone adds so much and I still need to be sure before I leap. IMO I think I will stay out for now. Be careful everyone! IMO
  • #47,203
  • Dec 27, 2007 1:00pm Dec 27, 2007 1:00pm
Quoting ut2DaMax
yes.........but you know G/U is sometimes a bear to figure out on trend. Sorry about the loss forsure. I really like your calls though. Everyone adds so much and I still need to be sure before I leap. IMO I think I will stay out for now. Be careful everyone! IMO
never a great trader becomes great if he does not suffer major losses first, so hopefully one day I can feel proud of myself as being a great trader and I am ready to take my losses. In fact losses in trading is the investment of the job as a trader, learning to trade is not FREE . Nothing worth having is easy, coin has 2 sides!

Thanks for your good words, keep trading and learning!
  • #47,204
  • Dec 27, 2007 1:08pm Dec 27, 2007 1:08pm
Quoting FXdaily
Yes and last 4 LoT more short added
great! Don't come tomorrow and say that you are in profit !
  • #47,205
  • Dec 27, 2007 1:31pm Dec 27, 2007 1:31pm
HO>>HO>>HO

santa didnot give 2.0000 before christmast.......
i hope he/she give that before new year........

better late ........
I Deeply Love My Virtual Life In Virtual World , RLC
  • #47,206
  • Dec 27, 2007 1:41pm Dec 27, 2007 1:41pm
This looks like a signal to exit all short positions, not to go long.
Will wait for a daily signal before entering any long positions as the current trend is down while the long term trend is up.
Just Trade It
  • #47,207
  • Dec 27, 2007 2:01pm Dec 27, 2007 2:01pm
Quoting fx local
ready to short it becos a 5.50% interest differential over 4.50% fed funds results in a weaker sterling going forward?? doesnt make sense does it, its sentiment play at the moment overall long term trend is bullish medium term bearish?, short term bullish - as seen today?. Cable could go to 2.0200 (test neckline) before coming off to 1.9650 then target 1.9200 as per daily head and shoulder
You are basing much of your analysis on the interest rate differential??? Even if so, the differential is soon to shrink, which is what the economic data between now and then will hint at. The Fed is mostly done cutting interest rates, BOE has just begun. Also - how do you explain the long-term Euro strength over $ even when the dollar had a higher interest rate?

All your technical levels/patterns are good and well, but the next few months are looking to be dollar-positive. But hey - don't take it from a losing trader like me, read this: http://www.bloomberg.com/apps/news?p...ov8&refer=home

Oh, and by the way - the U.S. interest rate is NOT 4.5%, it's 4.25% now.
  • #47,208
  • Dec 27, 2007 4:12pm Dec 27, 2007 4:12pm
shhhhh forex gone to sleep
  • #47,209
  • Dec 27, 2007 5:31pm Dec 27, 2007 5:31pm
can u all please quit with the dribble
its a forex forum not a chat forum and a lot of members dont appreciate having to read through loads of posts about dribble like xmas and sleep
not everyone can sit in a forum all day, some of us work and have to make a quick visit
ffs get a life you lot and keep the topic on forex please
  • #47,210
  • Dec 27, 2007 5:49pm Dec 27, 2007 5:49pm
this is your first post, start this thread from page one. by the time you get to this page, things would have changed.

Quoting cattynaps
can u all please quit with the dribble
its a forex forum not a chat forum and a lot of members dont appreciate having to read through loads of posts about dribble like xmas and sleep
not everyone can sit in a forum all day, some of us work and have to make a quick visit
ffs get a life you lot and keep the topic on forex please
  • #47,211
  • Dec 27, 2007 5:52pm Dec 27, 2007 5:52pm
ive followed thread from beginning ty thats my point
i may not post but i can read and far too much is bs
  • #47,212
  • Dec 27, 2007 6:08pm Dec 27, 2007 6:08pm
I think its about to pop soon.
If it breaks 9966 we gonna have a nice long here
'When the student is ready, the teacher will come'
  • #47,213
  • Dec 27, 2007 7:26pm Dec 27, 2007 7:26pm
Quoting Bodhimind
I think its about to pop soon.
If it breaks 9966 we gonna have a nice long here
Hi Bodhimind,

Why do you think it is going to further increase? it has already had substantial appreciation and don't you think it will retrace a bit before restarting its upward journey?
  • #47,214
  • Edited 8:26pm Dec 27, 2007 7:52pm | Edited 8:26pm
Quoting Eklavya
Hi Bodhimind,

Why do you think it is going to further increase? it has already had substantial appreciation and don't you think it will retrace a bit before restarting its upward journey?
Nothing is guaranteed, nobody knows whether price is going to go up or down at this point... (am I telling u anything new )

We can get a clue as to what's going to happen by the "probes" price makes on this major resistance level (I make it 19971, 79 % fib from daily), over the next several hours.

That's of course unless it decides to simply charge up through the level, which is also possible though I would have thought unlikely (wouldn't be the 1st time I'm wrong)
Darkness lies one inch ahead..
  • #47,215
  • Dec 27, 2007 7:55pm Dec 27, 2007 7:55pm
Quoting Eklavya
Hi Bodhimind,

Why do you think it is going to further increase? it has already had substantial appreciation and don't you think it will retrace a bit before restarting its upward journey?

It might retrace or might continue on upwards from here, I would go long with caution using tight stop.
'When the student is ready, the teacher will come'
  • #47,216
  • Dec 27, 2007 8:05pm Dec 27, 2007 8:05pm
i think GBP/USD will go up..
  • #47,217
  • Dec 27, 2007 8:12pm Dec 27, 2007 8:12pm
Quoting cattynaps
can u all please quit with the dribble
its a forex forum not a chat forum and a lot of members dont appreciate having to read through loads of posts about dribble like xmas and sleep
not everyone can sit in a forum all day, some of us work and have to make a quick visit
ffs get a life you lot and keep the topic on forex please
LOL

Do your own research then!
  • #47,218
  • Dec 27, 2007 8:16pm Dec 27, 2007 8:16pm
The other carries are taking a bloodbath, it's only a matter of time before this sucker unwinds like a crazy SOB, too.
  • #47,219
  • Dec 27, 2007 8:23pm Dec 27, 2007 8:23pm
You consider this a carry trade?

I am curious to see what happens with this USD weakness. I am not convinced it will last, so I see the possiblilty for downside here.
  • #47,220
  • Dec 27, 2007 8:28pm Dec 27, 2007 8:28pm
Buy at cross of 2.0007
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