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Cable Update (GBPUSD)

Quoting Bigvick991
I think were going to have to wait for London to wake up..

Housing data was bad - cable is going down....
Bad ? I do not think so.....pretty much what was expected....
"Lunch ? Lunch Is For Wimps !"
news looks bearish to me .. but why are GBP/USD and GBP/JPY both going up?
Why are so many of you shorting cable right now?

Seems to me Cable is going past 2.000 again and maybe up to 2.100 in the next few months.
Quoting dodge
Why are so many of you shorting cable right now?

Seems to me Cable is going past 2.000 again and maybe up to 2.100 in the next few months.

lol it might go to 2.01 but in the next few month it will be under 19600 i hope it gets to 2.01 it would give me a great shorting ride for 2008
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Quoting ramy
news looks bearish to me .. but why are GBP/USD and GBP/JPY both going up?
yea im wondering oso.
You better be ready for the future, for the future is NOW.
Quoting MrFuture
Bad ? I do not think so.....pretty much what was expected....
So your telling me...

The housing data last time was bad for GBP
The housing data this time is bad for GBP
The Economy is in rough shape.

And it looks bullish to you???

It may not make huge moves down but I can't see it going up that much.
Quoting jackojacko
yea im wondering oso.
cause you guys need to distinguish between really bad news and kind of expected bad news......a difference between -0.4 and -0.5 is not that much, especially when US news in the morning is feared to be bad...
"Lunch ? Lunch Is For Wimps !"
Good time to go for short DOWN~!
The market has over-reacted to the economic situation in the UK by sending the pound down from over 2.1100 to around 1.9750 - thats about 1350 pips in 6 weeks, that is an over-reaction, so I'm still bullish on the pound short/ mid term.
Quoting dodge
Why are so many of you shorting cable right now?

Seems to me Cable is going past 2.000 again and maybe up to 2.100 in the next few months.
pound has been retracing past couple of days but housing price data came in a little worse than expected. i think a lot of people are looking to sell into pound strength. will wait for us housing data later today for further direction.
"i wake up in the morning, and i piss excellence"
Quoting Designer1
Good time to go for short DOWN~!
what should be my target if i go short now? and where should i enter?
Quoting nobleolagoke
what should be my target if i go short now? and where should i enter?
shoulda got in the 70's or high 60's. still not a bad entry at this point, but use low lots and extreme caution. first target would be hourly resistance in the 40's and second target should be the pivot point at 1.9925.
"i wake up in the morning, and i piss excellence"
Quoting trader69
shoulda got in the 70's or high 60's. still not a bad entry at this point, but use low lots and extreme caution. first target would be hourly resistance in the 40's and second target should be the pivot point at 1.9925.

Thanks...pls keep me posted on any development as i am now down i have lost $8,584 in the past week...infact i only have $103 left on my account
cable will pass 2.000 very soon
Quoting nobleolagoke
Thanks...pls keep me posted on any development as i am now down i have lost $8,584 in the past week...infact i only have $103 left on my account
better demo trade , increase your account for at least 25% before go live again... unless you like forex brokers take your money so easily
Quoting forexguru
cable will pass 2.000 very soon
when?
"i wake up in the morning, and i piss excellence"
Quoting nobleolagoke
Thanks...pls keep me posted on any development as i am now down i have lost $8,584 in the past week...infact i only have $103 left on my account
not to worry, i've lost more than that in one day. not recently, but i feel your pain. can't do much damage with $103.00. i suggest you take a little time off, regroup, them demo trade for a little while to regin your confidence. most of us have been where you are now. no where to go but up from here.
"i wake up in the morning, and i piss excellence"
Quoting trader69
when?
when price comes lower so I will buy
Quoting forexguru
better demo trade , increase your account for at least 25% before go live again... unless you like forex brokers take your money so easily
thanks for the piece of advice i really appreciate it...

will try and do that...when i demo traded i made it big ...i just guess i'm a bit of nervous...anyway I will still demo again..thanks and keep me posted on any sure trade i can go into
Quoting forexguru
when price comes lower so I will buy
what? that doesnt make any sense.
"i wake up in the morning, and i piss excellence"
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