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Cable Update (GBPUSD)

  • #51,221
  • Jan 28, 2008 12:20pm Jan 28, 2008 12:20pm
pretty relaxed.

probably, better entries .
uk economy is not in good shape but the currency still has not priced that.

analyst say uk, italy, france, could enter into recession next to usa. still pound managed to recover by king hawkish words, but probably not for much long. other boe members are pressing for a currency make exports more competitive.
  • #51,222
  • Jan 28, 2008 12:27pm Jan 28, 2008 12:27pm
u'r cool asid guy...damn cool u....haha...
  • #51,223
  • Jan 28, 2008 12:28pm Jan 28, 2008 12:28pm
Quoting Designer1
close the short at 9828 -- easy pips
I just took another short with a target of 9800. Might not hit though, need to watch close.
  • #51,224
  • Jan 28, 2008 12:30pm Jan 28, 2008 12:30pm
Quoting acidguy
pretty relaxed.

probably, better entries .
uk economy is not in good shape but the currency still has not priced that.

analyst say uk, italy, france, could enter into recession next to usa. still pound managed to recover by king hawkish words, but probably not for much long. other boe members are pressing for a currency make exports more competitive.
Who cares what is going to happen weeks, months, years from now. WILL THAT HELP MAKE YOU $$$$$ RIGHT NOW??? If not, then what will??
  • #51,225
  • Jan 28, 2008 12:30pm Jan 28, 2008 12:30pm
gu it's going up but i still do not close the short position?how?
  • #51,226
  • Jan 28, 2008 12:41pm Jan 28, 2008 12:41pm
if you want close it, i wont till gives me 100pips :
  • #51,227
  • Edited 12:51pm Jan 28, 2008 12:41pm | Edited 12:51pm
Quoting hilmiy2k
gu it's going up but i still do not close the short position?how?

Hi Hilmiy2k,

You dont look like you know what you are doing. Dont ask people what to do. No one knows where the market is going in the next 24hrs. Some may think they do know but seriously....THEY DONT. If your system tells you to get out then get out. What does you system tell you right at this moment? Hope that helps.

--TNT--
I Love Forex Factory!
  • #51,228
  • Jan 28, 2008 1:19pm Jan 28, 2008 1:19pm
well im up +73 pips and its in a uptrend....works for me....do what the charts tell u ..
  • #51,229
  • Jan 28, 2008 1:32pm Jan 28, 2008 1:32pm
Quoting acidguy
end of year, is usd does not crash, $1.70-$1.80 is possible.
top banks around the world agree the best short for 2008 is pound.
also they bid boys are pro aussie and gbp/aud, could be a nice buffer.. dollar route, everyone is confused
Well, let me tell you I am short on Cable for the long term. The past few days are just a blip for my 2008 Cable strategy.
  • #51,230
  • Jan 28, 2008 1:35pm Jan 28, 2008 1:35pm
Quoting sleep1Iopen
Who cares what is going to happen weeks, months, years from now. WILL THAT HELP MAKE YOU $$$$$ RIGHT NOW??? If not, then what will??
Mate, do you realise how many pips you would have made if you had shorted GBP/USD at around 2.1?

Looking at the longer term picture is very important, and yes, that means even if you are trading just dailys.

If you're a scalper, then obviously that's a totally different ball game.
  • #51,231
  • Jan 28, 2008 1:49pm Jan 28, 2008 1:49pm
Quoting sleep1Iopen
Who cares what is going to happen weeks, months, years from now. WILL THAT HELP MAKE YOU $$$$$ RIGHT NOW??? If not, then what will??
I'm kind of hoping for cable to be around 2.40ish in several years.
Humble Lifetime Member
  • #51,232
  • Jan 28, 2008 3:04pm Jan 28, 2008 3:04pm
Quoting Ash
I'm kind of hoping for cable to be around 2.40ish in several years.
......i hope yur wrong about the years...
  • #51,233
  • Jan 28, 2008 3:14pm Jan 28, 2008 3:14pm
Quoting nAVIN2007
......i hope yur wrong about the years...
That would take the fun out of it.
Humble Lifetime Member
  • #51,234
  • Jan 28, 2008 3:34pm Jan 28, 2008 3:34pm
i love u guys..i cant tell u ..today i went to work and placed trades on EUR and gpd to go long and ......i never made so much!!!!!
all because i couldnt change my mind....daily charts are excellent and really do work..scalping is really a waste of time!!!!!!!!!

thx to every1 that pointed daily charts are to be used to trade..
  • #51,235
  • Jan 28, 2008 3:44pm Jan 28, 2008 3:44pm
Nice Resistence Zone, from 1.9833 to 1.9897.

http://img233.imageshack.us/img233/2897/skyson63fk1.gif
  • #51,236
  • Jan 28, 2008 4:46pm Jan 28, 2008 4:46pm
Quoting nAVIN2007
i love u guys..i cant tell u ..today i went to work and placed trades on EUR and gpd to go long and ......i never made so much!!!!!
all because i couldnt change my mind....daily charts are excellent and really do work..scalping is really a waste of time!!!!!!!!!

thx to every1 that pointed daily charts are to be used to trade..
congrats!!!, I must admit, that is a nice feeling!!...............
  • #51,237
  • Jan 28, 2008 4:54pm Jan 28, 2008 4:54pm
Quoting Ash
I'm kind of hoping for cable to be around 2.40ish in several years.
Ha Ha. I hear ya.....we'll adopt the Amero by then.
  • #51,238
  • Jan 28, 2008 5:22pm Jan 28, 2008 5:22pm
Quoting sleep1Iopen
Ha Ha. I hear ya.....we'll adopt the Amero by then.
Chinese will have taken all the dollars back to shanghai and put em in a museum and the americans will be using petrified mcburgers as currency

Who will the Londoners and Parisiens rip off then ?
  • #51,239
  • Jan 28, 2008 5:35pm Jan 28, 2008 5:35pm
Quoting forexmoments
Well, let me tell you I am short on Cable for the long term. The past few days are just a blip for my 2008 Cable strategy.
The UK has growth
The US is in recession

The UK trims rates
The US slashes them

The UK has strong trading partners in euroland which is strong
The US is alone

The UK currency has seen years of upward momentum
The US currency has seen years of decline

The US has declining employment
The UK stands strong

Conclusion - US currency is set to strengthen in 2008 ?

Eh ?
  • #51,240
  • Jan 28, 2008 6:54pm Jan 28, 2008 6:54pm
Quoting allserene
The UK has growth
The US is in recession

The UK trims rates
The US slashes them

The UK has strong trading partners in euroland which is strong
The US is alone

The UK currency has seen years of upward momentum
The US currency has seen years of decline

The US has declining employment
The UK stands strong

Conclusion - US currency is set to strengthen in 2008 ?

Eh ?
still United States has something, latin american economies dependence.

more stronger in natural, economical real assets than 30 or more Uks. together.
so your balance, a little creepy.

another thing is usa lands are relatively new and full of unexploited resource and water, something i can not say much about europe.

which in some years if europe dont push to a new world order and their euro, europe will run out of water very soon.

through history we have seen what has happened. ecb is a tool for europe global plans. they are sick of united states and will try to push a new system. also with their main standart the euro replacing the dollar.

but if europe fails. which is unlikely. europe future would trim a lot.

so....
Natural Resources or ficticial financial assets.

you tell me which one has the real value.
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