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Cable Update (GBPUSD)

  • #51,421
  • Edited 9:30am Jan 30, 2008 8:55am | Edited 9:30am
Quoting hilmiy2k
thanks acidguy...is this consider another signal?ur signal last night really made me rich man...
If it had made you a rich man you would be out spending it and not peering into the screen like the rest of us...

cable did not go up much when bernankepanky cut 0.75 so why should it go up much if he cuts the same again ?

In fact the yanquis would probably panic so much they would sell everything they own overseas and buy USD and spread it over a thousand US banks up to the $100k insured limit

I have got 4 viewers for my UK house this week (1 in the 9 months previous)
UK hospitals are turning away pregnant mothers due to the surge of millions of immigrants
The Uk housing market has 2 drivers right now - it rains a lot and people need shelter - and there are a lot more people now than there was before and no more houses. Forget economics - think necessity.

I am going to go long cable eventually when I get a bit better purchase price...
  • #51,422
  • Jan 30, 2008 9:04am Jan 30, 2008 9:04am
IMHO, a retracement to the 1.9700 area is in play, then up to 2.0300 area.

Regards
  • #51,423
  • Jan 30, 2008 9:15am Jan 30, 2008 9:15am
Quoting albertotralzt
IMHO, a retracement to the 1.9700 area is in play, then up to 2.0300 area.

Regards
based on what my friend?
money is for living
  • #51,424
  • Jan 30, 2008 9:26am Jan 30, 2008 9:26am
Quoting mangZX7L
based on what my friend?
Based on my system, as most of us say

I think 1.9950 is a good resistance level, so there must be a retracement since the up trend had start in 1.9330. For me, a retracement to the 38% of this movement is probable to get hit. And then up again ....

What do you think?
  • #51,425
  • Jan 30, 2008 9:26am Jan 30, 2008 9:26am
Quoting Bigvick991
Stoch(5,3,3) is in overbought territory.....

Rate cut will probably be 50BP which is already priced in.

Who knows what can happen....

It looks like it's going down unless the FED pulls something crazy..
sorry but its not already priced in. its somehow hard to bellieve 125bp is just 1 week.

personally, dont bellieve a rate cut of that magnitude possible, but also can be likely with ben at the head of the fed.
  • #51,426
  • Jan 30, 2008 9:31am Jan 30, 2008 9:31am
Quoting YudhaGBP7
What about this??? 4 hr chart....


Still valid..??
Attached Image (click to enlarge)
Click to Enlarge Name: Spot.png Size: 20 KB
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #51,427
  • Jan 30, 2008 9:36am Jan 30, 2008 9:36am
Quoting acidguy
sorry but its not already priced in. its somehow hard to bellieve 125bp is just 1 week.

personally, dont bellieve a rate cut of that magnitude possible, but also can be likely with ben at the head of the fed.
I agree - 0.25 max - he has to keep his powder dry in case this recession (that has not happened yet according to GDP stats) really picks up steam...

So the Brits are not buying houses yet - ok but they are still borrowing and spending on other stuff (personal borrowing) .

I think a trip to 2.0 ish is not much to ask for

sell the rumour buy the news
  • #51,428
  • Jan 30, 2008 9:43am Jan 30, 2008 9:43am
Quoting camisa
SHORT 90 zillion LOTS!
...!
  • #51,429
  • Jan 30, 2008 9:49am Jan 30, 2008 9:49am
[quote=albertotralzt;1827492]IMHO, a retracement to the 1.9700 area is in play, then up to 2.0300 area.

Regards[/quote
Nice opinion
I'm not a regular gu trader but this is a chart.
Attached Image
  • #51,430
  • Jan 30, 2008 9:57am Jan 30, 2008 9:57am
Quoting albertotralzt
Based on my system, as most of us say

I think 1.9950 is a good resistance level, so there must be a retracement since the up trend had start in 1.9330. For me, a retracement to the 38% of this movement is probable to get hit. And then up again ....

What do you think?
hmm... u r trading on live forex or demo?quite gud opinion of urs...ill have almost the same on my system...all da best 2 me n u 2...
money is for living
  • #51,431
  • Jan 30, 2008 10:01am Jan 30, 2008 10:01am
Quoting mangZX7L
hmm... u r trading on live forex or demo?
Both , when I`m not sure enough, I trade on demo account, just to be in touch with market
  • #51,432
  • Jan 30, 2008 10:18am Jan 30, 2008 10:18am
Quoting albertotralzt
Both , when I`m not sure enough, I trade on demo account, just to be in touch with market
That is a good technique, helps you not overtrade.
I also keep my demo acct close so if i feel the need to trade but don't really see any signals I can get my fix on the demo....LOL
Same Whore .... Different Dress
  • #51,433
  • Jan 30, 2008 10:18am Jan 30, 2008 10:18am
What do you guys think will happen if Fed doesnt cut rates to 3%, and leave it at 3.50%
  • #51,434
  • Jan 30, 2008 10:22am Jan 30, 2008 10:22am
just a pimple on the chart, then will return to trend.....
Same Whore .... Different Dress
  • #51,435
  • Jan 30, 2008 10:36am Jan 30, 2008 10:36am
Quoting goranm
What do you guys think will happen if Fed doesnt cut rates to 3%, and leave it at 3.50%
would short gu, eu and would go to play wii.
targeting at least 300 pips down.

fed not cutting? thats realyl bullish, and there are some signs economy is not too much into the woods, but european one is flattering. and equities are showing weakness. it even is not following another market gains.

in uk, the panoranma is cloud, we suddenly get 1 boe member saying economy is doomed and consumers in trouble, but in the next hour another comes out and say european fundamentals are really strong, uk in growth. so its kinda confusing.
  • #51,436
  • Jan 30, 2008 10:43am Jan 30, 2008 10:43am
let us talk with numbers

if cut it will target 2.0039 and if not it will target 1.9760

which one ... prefer
  • #51,437
  • Jan 30, 2008 10:54am Jan 30, 2008 10:54am
Quoting deboooo2005
let us talk with numbers

if cut it will target 2.0039 and if not it will target 1.9760

which one ... prefer
the scenario is, what if fed only cut just 25bp?.
personally this would be the worse scenario for traders, already read it in some places.
  • #51,438
  • Jan 30, 2008 11:06am Jan 30, 2008 11:06am
The fed will cut the rate 50BP...The futures are pointing at a 90% chance of it.

The EUR/USD and GBP/USD will make a run out 1.5 / 2.0 respectivly, I am taking out long positions on GBP now...

GOOD LUCK GUYS
  • #51,439
  • Jan 30, 2008 11:15am Jan 30, 2008 11:15am
i'm short gu with stop 9970 and tgt 9720.

i think a 25bps cut is in the works, i cant believe the fed will cut 125bps in a week, just putting $$ where my mouth is..
  • #51,440
  • Jan 30, 2008 11:29am Jan 30, 2008 11:29am
Hey acid guy, designer, allserene, fxguru etc, or anyone out there..

so can i conclude that if fed cuts rate:
0.25, we can go short.
0.50, we can go long.

and if fed doesn't cut,
we short 75% of our margin and play wii?

lol.. thanks for input..


T.G.I.W..
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