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Cable Update (GBPUSD)

  • #51,241
  • Jan 28, 2008 5:05pm Jan 28, 2008 5:05pm
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 ?
LOL Sterling is the most underperforming in 2007 after the US, USD is already pricing in rate cuts to 2.5 and slow growth, sterling isnt even strted falling this year, you will see gbp sub 1.8 yr end and sub 1.9 end of quarter, and if you wanna double your acct every month just short cable on any rally against ANY currency. the only trades for my acct this year is cable shorts against yen/usd/swissy/aud all the others are a waste of time when cable is so rewarding
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  • #51,242
  • Jan 28, 2008 5:09pm Jan 28, 2008 5:09pm
Quoting quickh23a
LOL Sterling is the most underperforming in 2007 after the US, USD is already pricing in rate cuts to 2.5 and slow growth, sterling isnt even strted falling this year, you will see gbp sub 1.8 yr end and sub 1.9 end of quarter, and if you wanna double your acct every month just short cable on any rally against ANY currency. the only trades for my acct this year is cable shorts against yen/usd/swissy/aud all the others are a waste of time when cable is so rewarding
well said .

still short gu, a rocky ride, but we will go really down....
just wait for some hour for the uk report and the state of the retail sector

(or even better want to stay short gu when bush present the state of the union.)
  • #51,243
  • Jan 28, 2008 5:52pm Jan 28, 2008 5:52pm
Quoting acidguy
well said .

still short gu, a rocky ride, but we will go really down....
just wait for some hour for the uk report and the state of the retail sector

(or even better want to stay short gu when bush present the state of the union.)
do u believe it's going down again?yesterday short has been pulled back ?
  • #51,244
  • Jan 28, 2008 5:53pm Jan 28, 2008 5:53pm
Quoting acidguy
well said .

still short gu, a rocky ride, but we will go really down....
just wait for some hour for the uk report and the state of the retail sector

(or even better want to stay short gu when bush present the state of the union.)
oh really, what is Bush going to say? stay tuned for $4/gallon gas??? and $200/barrel CRUDE!!??
  • #51,245
  • Jan 28, 2008 6:00pm Jan 28, 2008 6:00pm
Quoting AmeriTrini
oh really, what is Bush going to say? stay tuned for $4/gallon gas??? and $200/barrel CRUDE!!??
bloomber bloomberg, tune in bloomberg live tv.

currencies are starting to lose agains the usd. this is going to be important.
gu going down.
  • #51,246
  • Jan 28, 2008 7:06pm Jan 28, 2008 7:06pm
what was so usd bullish about that?
  • #51,247
  • Jan 28, 2008 7:08pm Jan 28, 2008 7:08pm
lol, Cable is being nice tonight - Bouncing the S/R levels...- I have made a number of good trades tonight...

Look for resistance at 1.9880 and short till 1.9819 then repeat vice versa....
  • #51,248
  • Jan 28, 2008 7:11pm Jan 28, 2008 7:11pm
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..
nice to hear that....congratulation...
seems like U've got a lot lesson in this forum...
it's really inspiring....
Never Give Up.....
  • #51,249
  • Jan 28, 2008 8:22pm Jan 28, 2008 8:22pm
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..
may I know your system?
  • #51,250
  • Jan 28, 2008 9:42pm Jan 28, 2008 9:42pm
Quoting acidguy
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.
acid guy gu it's going up lol
  • #51,251
  • Jan 28, 2008 9:49pm Jan 28, 2008 9:49pm
UP ? or Down ?

I'm waiting for break out..
Attached Image (click to enlarge)
Click to Enlarge Name: Spot.png Size: 15 KB
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #51,252
  • Jan 28, 2008 9:56pm Jan 28, 2008 9:56pm
Quoting YudhaGBP7
UP ? or Down ?

I'm waiting for break out..
it's not 1.9856 i think bro..i guess
  • #51,253
  • Jan 28, 2008 9:58pm Jan 28, 2008 9:58pm
seems cable targetin 1.9930 today...

GL
  • #51,254
  • Jan 28, 2008 10:02pm Jan 28, 2008 10:02pm
what do you think acid guy?
  • #51,255
  • Jan 28, 2008 10:06pm Jan 28, 2008 10:06pm
relaxed.

certainly it could go up a little bit , but in few hours we have news from gbp and the most probable is they are going to print bad.
so a big selloff soon is expected.

but still hoping this pair can go up somehow more to put another short

in the worst scenario, and the fed cut 50bp, 2.0050 could be reached. then ll short there, targeting at least 1.9500.
this is martingale trading my friend.
the golden rule is just to spot the right side. and is known....
  • #51,256
  • Jan 28, 2008 10:13pm Jan 28, 2008 10:13pm
Quoting hilmiy2k
it's not 1.9856 i think bro..i guess
1.9856 is the running price when the chart posted. i mean the red line at the chart. break up ? or break down?
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #51,257
  • Jan 28, 2008 10:19pm Jan 28, 2008 10:19pm
Quoting acidguy
relaxed.

certainly it could go up a little bit , but in few hours we have news from gbp and the most probable is they are going to print bad.
so a big selloff soon is expected.

but still hoping this pair can go up somehow more to put another short

in the worst scenario, and the fed cut 50bp, 2.0050 could be reached. then ll short there, targeting at least 1.9500.
this is martingale trading my friend.
the golden rule is just to spot the right side. and is known....
Im short g/u an addng to shorts every major fib, dont expect the next news to move it much main focus is fomc, after thats out of the way u will see the 150+ daily candles in one direction DOWN dont stress with it give it time , i have a sell order at the 50% 9955 i see MAX for this pair in the worst case senerio is 2.01
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  • #51,258
  • Jan 28, 2008 10:29pm Jan 28, 2008 10:29pm
Quoting quickh23a
Im short g/u an addng to shorts every major fib, dont expect the next news to move it much main focus is fomc, after thats out of the way u will see the 150+ daily candles in one direction DOWN dont stress with it give it time , i have a sell order at the 50% 9955 i see MAX for this pair in the worst case senerio is 2.01
yep, not cause i tell it but its the validation of the downtrend. it should go up a little big higher for touching new lows.

also put another short at 1.9950, not 55 cause if was an spike many forex brokers dont allow to touch those levels, better be covered.

and yeah 2.0100 is the maximum retracement extension according to fibbionacci.
but the thing is, will we see those levels again?
i dont know..., so i am shorting.
cause after boe rate cut, the drop is going to be huge....
  • #51,259
  • Jan 28, 2008 10:29pm Jan 28, 2008 10:29pm
Quoting quickh23a
Im short g/u an addng to shorts every major fib, dont expect the next news to move it much main focus is fomc, after thats out of the way u will see the 150+ daily candles in one direction DOWN dont stress with it give it time , i have a sell order at the 50% 9955 i see MAX for this pair in the worst case senerio is 2.01
i quited short position at the moment..
  • #51,260
  • Jan 28, 2008 10:31pm Jan 28, 2008 10:31pm
cable definitely will not fall under 1.9740 till the next monday....

GL
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