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Cable Update (GBPUSD)

  • #49,481
  • Jan 14, 2008 2:59pm Jan 14, 2008 2:59pm

"Beam Me Up, Scotty, There's No Intelligent Life Down Here "

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Humble Lifetime Member
  • #49,482
  • Jan 14, 2008 3:00pm Jan 14, 2008 3:00pm
Quoting AmeriTrini
hell no, it doesn't come from london at all and whoever believes this is foolish!
What you mean no??

Just called my cousin in London and intructed her to stick a fork in the ground to see if she finds some

I even sent here $10 to buy the barrel. 1:9 risk:reward :

DAMN. you just triggered my stoploss
  • #49,483
  • Jan 14, 2008 3:07pm Jan 14, 2008 3:07pm
Quoting Ash

"Beam Me Up, Scotty, There's No Intelligent Life Down Here "



Just Trade It
  • #49,484
  • Jan 14, 2008 3:07pm Jan 14, 2008 3:07pm
Wait were the only ones here, Dammit.
Just Trade It
  • #49,485
  • Jan 14, 2008 3:10pm Jan 14, 2008 3:10pm
We just hijacked this thread for almost a whole page.

The hijackers got hijacked.
Just Trade It
  • #49,486
  • Jan 14, 2008 3:10pm Jan 14, 2008 3:10pm
Hey, where did everyone go? Digging for oil?
Cable is my sugardaddy
  • #49,487
  • Jan 14, 2008 3:14pm Jan 14, 2008 3:14pm
Quoting Big Wave Rider
We just hijacked this thread for almost a whole page.

The hijackers got hijacked.
And some say Oil is not a reason for a WAR



Ok, I'm outta here. Just came to make a point on the "UK produce any".

Now it's time for withdrawal and let the thread finds its own path to freedom and democracy..
  • #49,488
  • Jan 14, 2008 3:22pm Jan 14, 2008 3:22pm
Quoting Big Wave Rider
We just hijacked this thread for almost a whole page.

The hijackers got hijacked.
and it just so happend to be page 3300 and ceasernc's post number 8,888. weird.
Just Trade It
  • #49,489
  • Jan 14, 2008 3:27pm Jan 14, 2008 3:27pm
Ok, for everyone who wants to learn something new about cable, there has been a high correlation between Cable and positive energy prices (as I had long suspected)....

Anyone can read more about it here....
http://forextrading.about.com/od/currencies/p/gbp_ro.htm


Good Luck trading!
Humble Lifetime Member
  • #49,490
  • Jan 14, 2008 3:31pm Jan 14, 2008 3:31pm
Quoting Big Wave Rider
and it just so happend to be page 3300 and ceasernc's post number 8,888. weird.

Humble Lifetime Member
  • #49,491
  • Jan 14, 2008 3:32pm Jan 14, 2008 3:32pm
Quoting Ash
Ok, for everyone who wants to learn something new about cable, there has been a high correlation between Cable and positive energy prices (as I had long suspected)....

Anyone can read more about it here....
http://forextrading.about.com/od/currencies/p/gbp_ro.htm


Good Luck trading!
is it positive or negative correlation, the article didnt mention. thats funny!
  • #49,492
  • Edited 3:38pm Jan 14, 2008 3:38pm | Edited 3:38pm
Quoting AmeriTrini
is it positive or negative correlation, the article didnt mention. thats funny!
Positive, Sir. Look towards the bottom of the page.

We all learn something new everyday. I know I do! Take care!

Important Characteristics: The following characteristics are important for traders to know about the GBP as they affect the demand for the currency:

  1. GBP/USD is one of the most liquid currencies in the world. Six percent of all currency trading uses the GBP.
  2. The GBP serves as an alternative investment for non-Americans.
  3. GBP has one of the highest interest rates among developed countries so it is used as a lending currency for carry trades.
  4. There is a strong positive correlation between energy prices and the GBP.
  5. The EUR/GBP is a measure for strength of the UK economy.
  6. The GBP is also called the "Cable" and "Sterling."

Humble Lifetime Member
  • #49,493
  • Jan 14, 2008 3:42pm Jan 14, 2008 3:42pm
hhmmmmmm missed that. thanks.
it does make a case for me saying..........LONG CABLE LONG!!!
  • #49,494
  • Jan 14, 2008 3:44pm Jan 14, 2008 3:44pm
Sorry, this is probably gonna get me slapped... but it made me giggle a little.

Quote
Important Characteristics: The following characteristics are important for traders to know about the GBP as they affect the demand for the currency:
Quote
The GBP is also called the "Cable" and "Sterling."
We gotta come up with a sexier name than that then!! Think of how it will increase!

{Sorry, I really am just taking the p*ss}
Carpe Divitiae
  • #49,495
  • Jan 14, 2008 3:47pm Jan 14, 2008 3:47pm
im for it!!
  • #49,496
  • Edited 6:17pm Jan 14, 2008 4:45pm | Edited 6:17pm
Looks like it's about to complete (14 min to end of hour)

Lots of downside calls in this group ATM so it will be interesting to see.

RICS at 11 AM will have final say no doubt.

11:16AM: Still not released (changed to "Tentative")

Comment on RICS effect here:

http://www.forexfactory.com/news.php?do=news&id=64944
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Darkness lies one inch ahead..
  • #49,497
  • Jan 14, 2008 4:53pm Jan 14, 2008 4:53pm
...Down!
  • #49,498
  • Jan 14, 2008 4:57pm Jan 14, 2008 4:57pm
My moving averages are all crossed and showing down, but i was waiting for the price to retrace a liitle, so missed the trade.
If you do - don't be afraid, if you are afraid - don't do
  • #49,499
  • Jan 14, 2008 5:05pm Jan 14, 2008 5:05pm
Quoting koltri
My moving averages are all crossed and showing down, but i was waiting for the price to retrace a liitle, so missed the trade.
There will be more to come. Never jump into a trade, wait for it to come to you.
Humble Lifetime Member
  • #49,500
  • Jan 14, 2008 5:18pm Jan 14, 2008 5:18pm
Quoting Ash
There will be more to come. Never jump into a trade, wait for it to come to you.
...its goin down (9552)!
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