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Cable Update (GBPUSD)

  • #51,341
  • Edited 4:39pm Jan 29, 2008 2:29pm | Edited 4:39pm
im thinking that will b US positive due to the extra money released on low intrest rates right ?

Ive thought about it im now thinking US negative as we are talking about last months employment figures and they could b bad ,hense the emergency cut last week right?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #51,342
  • Jan 29, 2008 2:31pm Jan 29, 2008 2:31pm
Yes, Cable might reach 2, and even beyond. If this is what your technicals are showing, excellent. That doesn't invalidate the fact that the wise thing to do for 2008 is short the pound.

Anyway, time will tell.
  • #51,343
  • Jan 29, 2008 3:00pm Jan 29, 2008 3:00pm
i find this thread very interesting as i have a conundram that i just finished asking for help on my thread re roll over . the poLarity test also indicates the GBPUSD UPSWING IS SLOWING,
THE EMA 5,7 HAS JUST CROSSED THE 22 EMA, WHICH FOLLOWS gans charting as confirmation of a trend change, TO THE UPSIDE
from a technical point of view the fall of the US DOLLARS INTEREST RATE
WHICH MEANS TECHNICALY THE MONEY FLOW IS GOING OUT OF THE US DOLLAR TO THE HIGHER INTEREST ECONOMYS.
WHICH IS ALSO SUPPORTED IN MY POLARITY CHECK.
but the polarity of the currencys of the higher GBPUSD AUDUSD NZUSD ECT
IS SLOWING THE GAP Between theHH and the LL
ALSO FROM A TECHNICAL POINT OF VIEW THIS IS SUPPORTED BY THE MAGIC OF NINE WHICH IS IN NO MANS LAND
SO IM IN A CONDUNDRIAM
THE fundimentals are also at an impass as i see it for the japanese yen
will they raise there rates?

IM A GREAT FAN OF TECHINCAL AND FUNDIMENTAL TRADING TOGETHER
UNFORTUNATLY RE THE FOREX IM A NOVICE AS IVE ONLY BEEN TRADING THE FOREX FOR 2 YEARS AGAINST 30 YEARS OF TRADING SHARES AND CFDS

I FIND YOUR THREAD CVERY INFORMATIVE THANK YOU
FROM BRIAN
  • #51,344
  • Jan 29, 2008 3:09pm Jan 29, 2008 3:09pm
well guys, FED decition is near. exercise your fingers and prepare to take the side you think its right.

take a dose of bloomberg tv, cnbc, and TheStreet hot girls analisys before the decitions.
it helps

wednesday is going to rock, dont remember any other day more packed than tomorrow.

i am going to be sincere, since sunday shorting gu and for some reason even when tp has not been reached, have taken around 150pips from this pair.

but tomorrow crazy bernanke makes me revaluate positions. and exiting right now the another short from 1.9890 area.
would not be nice to wipe out my account for taking 1 side and not looking at the situation overall.

if fed cut rates, we probably going straigth to over 2.0100 and am not kidding. and probably the next weeks to 2.0800???
eur/usd probably going to hit 1,50 and up.

the scary side is they seem dont care too much about the greenback anymore.
and uk had a reunion today with european ministers about a plan to boost growth.

so gbp bears, be careful
  • #51,345
  • Jan 29, 2008 3:25pm Jan 29, 2008 3:25pm
Quoting acidguy
well guys, FED decition is near. exercise your fingers and prepare to take the side you think its right.

take a dose of bloomberg tv, cnbc, and TheStreet hot girls analisys before the decitions.
it helps

wednesday is going to rock, dont remember any other day more packed than tomorrow.

i am going to be sincere, since sunday shorting gu and for some reason even when tp has not been reached, have taken around 150pips from this pair.

but tomorrow crazy bernanke makes me revaluate positions. and exiting right now the another short from 1.9890 area.
would not be nice to wipe out my account for taking 1 side and not looking at the situation overall.

if fed cut rates, we probably going straigth to over 2.0100 and am not kidding. and probably the next weeks to 2.0800???
eur/usd probably going to hit 1,50 and up.

the scary side is they seem dont care too much about the greenback anymore.
and uk had a reunion today with european ministers about a plan to boost growth.

so gbp bears, be careful
Hmmm...

I personally don't know If I should try to take a position early on tommorow and watch it or just stay out.....

The Fed is crazy.....who knows what they could pull tommorow...
  • #51,346
  • Jan 29, 2008 3:39pm Jan 29, 2008 3:39pm
Quoting forexmoments
Yes, Cable might reach 2, and even beyond. If this is what your technicals are showing, excellent. That doesn't invalidate the fact that the wise thing to do for 2008 is short the pound.

Anyway, time will tell.
If it is 'fact' then all we do is short the pound and we all get rich ?

Not often we get a 'fact' like that

This forex game is just too easy
  • #51,347
  • Jan 29, 2008 4:11pm Jan 29, 2008 4:11pm
Quoting acidguy
well guys, FED decition is near. exercise your fingers and prepare to take the side you think its right.

take a dose of bloomberg tv, cnbc, and TheStreet hot girls analisys before the decitions.
it helps

wednesday is going to rock, dont remember any other day more packed than tomorrow.

i am going to be sincere, since sunday shorting gu and for some reason even when tp has not been reached, have taken around 150pips from this pair.

but tomorrow crazy bernanke makes me revaluate positions. and exiting right now the another short from 1.9890 area.
would not be nice to wipe out my account for taking 1 side and not looking at the situation overall.

if fed cut rates, we probably going straigth to over 2.0100 and am not kidding. and probably the next weeks to 2.0800???
eur/usd probably going to hit 1,50 and up.

the scary side is they seem dont care too much about the greenback anymore.
and uk had a reunion today with european ministers about a plan to boost growth.

so gbp bears, be careful
now your talking
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #51,348
  • Jan 29, 2008 4:14pm Jan 29, 2008 4:14pm
Scott emailed me the following great info based on this being true the trend will up for the GBPUSD IF THAT IS CORECT MONEY FLOW WILL BE OUT OF THE US
heres SCOTTS ANSWER

Oh I think we can count on a rate cut tomorrow. It will be at least 25 bases points, but, the market wants

50 bases points according to the fed futures numbers.

WHAT A GREAT BIT OF INFO FOR ME thank you Scott.

MY CALCULATION IF THAT NEWS IS CORRECT IS THE PRICE AT adelaide 4.0 pm could easily run up an extra fronm there another 215 pips by tommoro.

however its depended on the anouncement either way its a bet

IF bush cuts interest rates thats only going to make imports dearer, less jobs
but the share market rises , its a real CONUNDRUM
What do you think?
FROM Brian
  • #51,349
  • Jan 29, 2008 7:47pm Jan 29, 2008 7:47pm
ok... so guess we all agreed, shes goin up
And your mouth dropped
  • #51,350
  • Jan 29, 2008 8:12pm Jan 29, 2008 8:12pm
shorting now again, decided to play with the martingale method .
cant really trust much cable, i dont think they have found the holy grail to avoid a recession and their economical problems.

lets see how high can cable go.

rule of the game, start with 0.2 lots. and increase the amount every 200 pips up. (if we managed go up the retracement level.) (2.0040).
keeping maximum risk at 1000 pips less than 30% of account.

if it manages. put the big guns at 2.0600 targeting for at least 200 pips way down, recovering all the down trades and still in profit, let see how it goes.

i have done this, times times over again.

uj last week was the last victim. giving some nice gains!.

anyone else wanna join the risky game?
  • #51,351
  • Jan 29, 2008 11:11pm Jan 29, 2008 11:11pm
Quoting acidguy
shorting now again, decided to play with the martingale method .
cant really trust much cable, i dont think they have found the holy grail to avoid a recession and their economical problems.

lets see how high can cable go.

rule of the game, start with 0.2 lots. and increase the amount every 200 pips up. (if we managed go up the retracement level.) (2.0040).
keeping maximum risk at 1000 pips less than 30% of account.

if it manages. put the big guns at 2.0600 targeting for at least 200 pips way down, recovering all the down trades and still in profit, let see how it goes.

i have done this, times times over again.

uj last week was the last victim. giving some nice gains!.

anyone else wanna join the risky game?
me too,i short with 5 lots now...Gu already within its syiling price,i think the right time to put short position now...will c it's going deep deep down in a few hours...hope to c 1.950 .
  • #51,352
  • Jan 29, 2008 11:30pm Jan 29, 2008 11:30pm
I say that by 5pm est, cable would have tested 2.0000!

I am buying when I see a good bounce.
  • #51,353
  • Jan 29, 2008 11:38pm Jan 29, 2008 11:38pm
Quoting allserene
This forex game is just too easy
LOL, way too easy!
  • #51,354
  • Jan 29, 2008 11:42pm Jan 29, 2008 11:42pm
Quoting AmeriTrini
I say that by 5pm est, cable would have tested 2.0000!

I am buying when I see a good bounce.
If you look on the Daily you'll see the AC has just turned red, and that the 5,3,3 Stochs are overbought and have just crossed back down.

Not too sure it will reach the 2.0000 mark today, maybe later this week, depending on what NFP spits out this time.
  • #51,355
  • Jan 29, 2008 11:45pm Jan 29, 2008 11:45pm
we are going 9950 area anyone agree?
  • #51,356
  • Jan 30, 2008 12:10am Jan 30, 2008 12:10am
Quoting Designer1
we are going 9950 area anyone agree?
1.9943 first daily resistance
  • #51,357
  • Jan 30, 2008 12:13am Jan 30, 2008 12:13am
Quoting forexmoments
If you look on the Daily you'll see the AC has just turned red, and that the 5,3,3 Stochs are overbought and have just crossed back down.

Not too sure it will reach the 2.0000 mark today, maybe later this week, depending on what NFP spits out this time.

ofcourse you're not sure, nobody's sure of anything!
  • #51,358
  • Jan 30, 2008 12:16am Jan 30, 2008 12:16am
Is there any news comming out today that is good for USD? It seem to me it can only be bad for USD! Even a .25 cut is still a cut it will react maybe not 100 pips but it will be bad for USD, no?
  • #51,359
  • Jan 30, 2008 12:22am Jan 30, 2008 12:22am
Quoting Runway Trade
Is there any news comming out today that is good for USD? It seem to me it can only be bad for USD! Even a .25 cut is still a cut it will react maybe not 100 pips but it will be bad for USD, no?
.25 cut with a hawkish statement, could be bullish.........


market is pricing in 80% chance of a .5 cut, so, .25 could be bullish.......
  • #51,360
  • Jan 30, 2008 12:31am Jan 30, 2008 12:31am
I see a triangle in the daily cable chart, whose base is the daily 55ema. Waiting for it to break, or maybe i'll buy at the support line. Anyone doing the same?
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