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Cable Update (GBPUSD)

  • #48,281
  • Jan 4, 2008 9:59am Jan 4, 2008 9:59am
Weve been up and down like a YO -YO
and end up almost exctly where we started ( since 7 am GMT)
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #48,282
  • Jan 4, 2008 10:02am Jan 4, 2008 10:02am
LONG more in @1.9742 6 LOT
  • #48,283
  • Jan 4, 2008 10:04am Jan 4, 2008 10:04am
Seems to me that the only thing wrong with the UK economy is the housing market got overheated and now it's cooled

all the rest is plodding along just fine

US isnt as bad as it is painted but there is weakness spreading into employment a tidgy bit

UK is known for it's inflation problems every time there is an economic upswing

both economies have elections coming up and we know how independant the fat cat central bankers are NOT

Until UK jobs get hit I don't see a need for panic - but then I do - all the way down to 1.82 ish and quickly

So every time cable gets weak I am going to try some small long positions...


Summary :
A I can't sell my UK house - not since last March despite a 10% price cut
B My wife can't get a job as a computer programmer in Tampa since mid november

Those bits of reality accord with the government stats and just about sum it up - no huge moves ahead in the short term - property is bad both sides of the pond and US jobs are starting to weaken but no huge deal - not quite yet ....the US leads the pack and points the way
  • #48,284
  • Jan 4, 2008 10:06am Jan 4, 2008 10:06am
Quoting camisa
i'm with CMS since Sep 2004 but I think I'll finally try another broker...

FXOpen anyone uses them?
What for? Care to give reason?
  • #48,285
  • Jan 4, 2008 10:07am Jan 4, 2008 10:07am
Quoting FXdaily
LONG more in @1.9742 6 LOT
Dont mind Asking.. How much $$ capital u have in your account..

Are we talking about x,xxx or xx,xxx ?
  • #48,286
  • Jan 4, 2008 10:08am Jan 4, 2008 10:08am
Quoting jacobtrader
Dont mind Asking.. How much $$ capital u have in your account..

Are we talking about x,xxx or xx,xxx ?
85,000$
  • #48,287
  • Jan 4, 2008 10:15am Jan 4, 2008 10:15am
Quoting Bones
I’ve noticed something rather interesting on my 30 min chart.
When the price peaks and the next bar stops short of that high/low if you draw a trend line from the 2 bottom or tops (depending on type of reversal) price seems to respect them as support and resistance.

Based on it we have a short term reversal to the upside until the blue line is breached.
If price bounces off blue line we have a long until blue line is breached.

Not going to trade this just watch. Something’s got to happen by 11.30 am one way or the other but I would say up first for now.

1.9778 looks a good target for next reversal down

interesting channel.... do u notice anything else about this channel that may give u a hint? its right there in your chart brother! hint ( is the channel getting thinner or wider) think bolinger band breakouts! of course its a 30 minute chart... i prefer higher timeframes but...... if you like channels and trendlines you should read tome demarks latest book..... good luck to u
  • #48,288
  • Jan 4, 2008 10:15am Jan 4, 2008 10:15am
Quoting allserene
Seems to me that the only thing wrong with the UK economy is the housing market got overheated and now it's cooled

all the rest is plodding along just fine

US isnt as bad as it is painted but there is weakness spreading into employment a tidgy bit

UK is known for it's inflation problems every time there is an economic upswing

both economies have elections coming up and we know how independant the fat cat central bankers are NOT

Until UK jobs get hit I don't see a need for panic - but then I do - all the way down to 1.82 ish and quickly

So every time cable gets weak I am going to try some small long positions...


Summary :
A I can't sell my UK house - not since last March despite a 10% price cut
B My wife can't get a job as a computer programmer in Tampa since mid november

Those bits of reality accord with the government stats and just about sum it up - no huge moves ahead in the short term - property is bad both sides of the pond and US jobs are starting to weaken but no huge deal - not quite yet ....the US leads the pack and points the way
Moin Allserene,

this sums it up quite nicely. As the TIC influx of foreign capital has recovered recently my major fear for the US Trade Balance have mellowed out and I do not really see the UK economy going down - it is more a bit of breathtaking.

Sorry for your personal situation. As we discussed a while ago: Its not easy to sell as long as folks cannot commute easily into Greater London. My grandnice just made a major bargain in Chelmsford, Essex, although it is really far from being a beautiful town! But you are at Liverpool Station within 35 min. by train.

Happy New Year to you and I keep my fingers crossed for that job!!
Ciao
Gnat
  • #48,289
  • Jan 4, 2008 10:16am Jan 4, 2008 10:16am
Quoting FXdaily
85,000$
LOL This idiot with all the after the fact calls acts like that is a lot. My house alone is valued at 6X that.
  • #48,290
  • Jan 4, 2008 10:19am Jan 4, 2008 10:19am
Quoting SpongeWorthy
LOL This idiot with all the after the fact calls acts like that is a lot. My house alone is valued at 6X that.
STFU bich read what are you talking about !
  • #48,291
  • Jan 4, 2008 10:19am Jan 4, 2008 10:19am
Quoting JanPoko
What for? Care to give reason?
their spikes are always some pips wider than other brokers'

and this week I experienced my first ever slippage with CMS with a STOP LOSS order with hours on the system filled some pips beyond my price...
  • #48,292
  • Jan 4, 2008 10:20am Jan 4, 2008 10:20am
i think we are done!
LONG trader should careful

we can go UPSIDE for traveling 2.1500

9670 is support which is completed and now time for up rallley

WE ARE DONE! NEXT week UP UP UP!
  • #48,293
  • Jan 4, 2008 10:27am Jan 4, 2008 10:27am
Quoting SpongeWorthy
LOL This idiot with all the after the fact calls acts like that is a lot. My house alone is valued at 6X that.
My cat cost 6 million Romulan dollars and would be worth 20 million if I sold her today

grow up you two and lets make some real world dollars
  • #48,294
  • Jan 4, 2008 10:27am Jan 4, 2008 10:27am
Quote
9670 is support which is completed

why is it completed now?
the price hasn`t touched it...
  • #48,295
  • Jan 4, 2008 10:30am Jan 4, 2008 10:30am
Quoting dagoods
interesting channel.... do u notice anything else about this channel that may give u a hint? its right there in your chart brother! hint ( is the channel getting thinner or wider) think bolinger band breakouts! of course its a 30 minute chart... i prefer higher timeframes but...... if you like channels and trendlines you should read tome demarks latest book..... good luck to u
I have noticed this bar is sitting on that trendline help me out a little more brother are we up
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #48,296
  • Jan 4, 2008 10:32am Jan 4, 2008 10:32am
Quoting allserene
Seems to me that the only thing wrong with the UK economy is the housing market got overheated and now it's cooled

all the rest is plodding along just fine

US isnt as bad as it is painted but there is weakness spreading into employment a tidgy bit

UK is known for it's inflation problems every time there is an economic upswing

both economies have elections coming up and we know how independant the fat cat central bankers are NOT

Until UK jobs get hit I don't see a need for panic - but then I do - all the way down to 1.82 ish and quickly

So every time cable gets weak I am going to try some small long positions...


Summary :
A I can't sell my UK house - not since last March despite a 10% price cut
B My wife can't get a job as a computer programmer in Tampa since mid november

Those bits of reality accord with the government stats and just about sum it up - no huge moves ahead in the short term - property is bad both sides of the pond and US jobs are starting to weaken but no huge deal - not quite yet ....the US leads the pack and points the way

Allserene,

That's all a bit sensible for this board. UK economy in OK shape. I expect no rate cut next week, BOE probably reminded by now that their remit is control inflation NOT try to generate growth. Probably no rate cut this year but lots of talk about it. I think that is the correct way as well. Stagnation may be a problem but is far better than letting the inflation genie out of the bottle. That sucker just gets stronger every day.

Now the US on the other hand I think has painted itself into a corner. FED has a double remit, now how to go about stoking the economy without letting inflation run away, dollar already low and they talk about three more rate cuts!. And yet still people are buying dollars today!
This space intentionally left blank.
  • #48,297
  • Jan 4, 2008 10:34am Jan 4, 2008 10:34am
Quoting nonick
why is it completed now?
the price hasn`t touched it...
i mean near 9670

i have analysis that support can have 30pips difference

so our target was 9650 + 30 = 9680 near price can stop

our price stops arround 9673 which means support done

we might can go up now and this time target is 2.1500 it is possible for now if its break 9650 its down but its not break that does mean
we can go up

just need to watch
  • #48,298
  • Jan 4, 2008 10:40am Jan 4, 2008 10:40am
Quoting FXdaily
85,000$
That was your initial Capital ?
Or what was your initial Capital and how many months/years back ?
  • #48,299
  • Jan 4, 2008 11:10am Jan 4, 2008 11:10am
im short for 1.9650

from 1.9742 and break of my blue line my hedge on the other side of blue line
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #48,300
  • Jan 4, 2008 11:36am Jan 4, 2008 11:36am
really like the look of this all the moons must be aligned
On-site guru & also FF member's' psychiatrist, when not drinking tea
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