Cable Update (GBPUSD) | Page 2580 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #51,581
  • Jan 31, 2008 9:46pm Jan 31, 2008 9:46pm
Quoting AmeriTrini
lol, you have been calling for a drop for some time, and this when you get confused?...............believe in youself dude, cuz I DO!!...................
...............ohh and btw, here comes your drop...........
yep dud, but the fomc was a surprise. really was not bellieving the 50bp.

gap between sterling and USD is now 2.5%!!!.

for some reason lately boe seems more concerned about inflation than growth. prices of houses seem to be stabilizing, while usa ones are still in freefall.
also counting king getting fired. but he was not .
he responsable for much of gbp huge gains.

another pretty gu picture :
smell like we going to test 2.0040 at least when eu reach $1.50.

http://i26.tinypic.com/bhf8ki.gif

(this consolidation smell bullish. also eur/gbp a clock for many analysts. still point for more gbp gains. at least tomorrow uk data is bad.)
  • #51,582
  • Jan 31, 2008 10:44pm Jan 31, 2008 10:44pm
decline initiated.........
  • #51,583
  • Feb 1, 2008 12:17am Feb 1, 2008 12:17am
Quoting acidguy
yep dud, but the fomc was a surprise. really was not bellieving the 50bp.

gap between sterling and USD is now 2.5%!!!.

for some reason lately boe seems more concerned about inflation than growth. prices of houses seem to be stabilizing, while usa ones are still in freefall.
also counting king getting fired. but he was not .
he responsable for much of gbp huge gains.

another pretty gu picture :
smell like we going to test 2.0040 at least when eu reach $1.50.

http://i26.tinypic.com/bhf8ki.gif

(this consolidation smell bullish. also eur/gbp a clock for many analysts. still point for more gbp gains. at least tomorrow uk data is bad.)
Inflation has always been in boe sights ,house prices year on year have not fallen at all ,this last year is still up 6%
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #51,584
  • Feb 1, 2008 12:19am Feb 1, 2008 12:19am
sorry this can be out of topic but watch out NU, personally the pair this most potential to the downside.

in my humble opinion forget gu for awhile, there are lot of risks to both sides, uk news could help to clarify the direction.

about nu :

First Scenario : good jobs data, dollar rallying nu going down.

Second Scenario : awfull jobs data, some unwinding in carry trades, dollar weakening but this pair going down.

3rd Scenario, NU for some reason (which is unlikely), manages to break monthly resistance and go up.
solution, we have chance to exit later this level unscatched.

its up to you, but already shorted.
  • #51,585
  • Feb 1, 2008 12:30am Feb 1, 2008 12:30am
Quoting acidguy
dang!.

gu price action is really confusing, it looks like a roller coaster.
and Mr.King put things more confusing also.

He said uk fundamentals are strong and the worse has happened, also Brown reassured him in the job.

but yesterday. the man who was able to trick the uk financial system.
hint about uk is in a brink of a recession and is almost impossible to avoid it.
(George Soros)

so who to bellieve????
i certainly think the drop from 2.1000 to 1.93 was brutal and we are reversing some of the drop. but the thing is, will sterling keep gaining ground against usd???

taking into FED has cut rates aggresively and now the gap of interest is really big?

really connfusing the scenario of gbp


can someone add something that help clarify????.....
Just my two pips, but with some much going on with the USD and the speculation of the GBP being next.....

I would not be surprise for this pair, to be choppy until something "MAJOR" happens....

Then it will shoot like a rocket either up or down.......

That's the best thing about Forex....

HOLLA
  • #51,586
  • Feb 1, 2008 12:42am Feb 1, 2008 12:42am
Quoting Bones
Inflation has always been in boe sights ,house prices year on year have not fallen at all ,this last year is still up 6%
sorry checked that annual change reported by Nationwide this thurs is +4.2% not 6
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #51,587
  • Feb 1, 2008 12:44am Feb 1, 2008 12:44am
On GU 30m, Highs getting lower and lows higher is that not a sign for a short?
  • #51,588
  • Feb 1, 2008 12:45am Feb 1, 2008 12:45am
http://www.dailyfx.com/story/currenc...821658123.html

http://www.dailyfx.com/story/bio1/Wh...818764130.html

Some info on the NFP from DailyFX. They make a case for the report to be high and low. I suspect trading will be light until 6h 45min from now, then....
  • #51,589
  • Feb 1, 2008 12:50am Feb 1, 2008 12:50am
Quoting Runway Trade
On GU 30m, Highs getting lower and lows higher is that not a sign for a short?
Many times, hours before the NFP release, price can be almost motionless. One the report is released, it shoots like a rocket in either direction. You may also see a huge whipsaw.

I like to put my charts on 5min w/bollinger bands to see the break.
  • #51,590
  • Feb 1, 2008 1:09am Feb 1, 2008 1:09am
Quoting Runway Trade
On GU 30m, Highs getting lower and lows higher is that not a sign for a short?
This year market is totally unpredictable. Previous month a lot of us saw completed shapes in charts, channels and at least 60 percent didnt work out, market doesnt know where to go and now cable is consolidating. I give up
  • #51,591
  • Feb 1, 2008 1:14am Feb 1, 2008 1:14am
Quoting Runway Trade
On GU 30m, Highs getting lower and lows higher is that not a sign for a short?
are there lower lows as well??
  • #51,592
  • Feb 1, 2008 1:35am Feb 1, 2008 1:35am
Quoting AmeriTrini
are there lower lows as well??
No lower lows only higer lows?
  • #51,593
  • Feb 1, 2008 1:47am Feb 1, 2008 1:47am
Quoting acidguy
in my humble opinion forget gu for awhile, there are lot of risks to both sides,
This is what I said during midweek. Not touched Cable since.
  • #51,594
  • Feb 1, 2008 1:48am Feb 1, 2008 1:48am
And the board anticipates the release of the NFP.

Raise your hand if you're trading NFP, come on - don't be shy!
  • #51,595
  • Feb 1, 2008 2:09am Feb 1, 2008 2:09am
Quoting forexmoments
And the board anticipates the release of the NFP.

Raise your hand if you're trading NFP, come on - don't be shy!
I usually like to wait to see where the price goes. But this time I've put an entry at 1.4925 on the E/U, TP at 1.4995/SL at 1.4890. E/U's had a hard time w/1.49, if it hits 1.4925, it will probably be a result of the NFP's, which would probably take the pair above 1.5. I put my TP at 1.4995 just in case, and not to be greedy (which has cost me in the past).
  • #51,596
  • Feb 1, 2008 2:15am Feb 1, 2008 2:15am
Quoting Pipspur
I usually like to wait to see where the price goes. But this time I've put an entry at 1.4925 on the E/U, TP at 1.4995/SL at 1.4890. E/U's had a hard time w/1.49, if it hits 1.4925, it will probably be a result of the NFP's, which would probably take the pair above 1.5. I put my TP at 1.4995 just in case, and not to be greedy (which has cost me in the past).
Im not quite sure, but in past few days your SL should be hit at least few times, unless your are talking about pending
  • #51,597
  • Feb 1, 2008 2:25am Feb 1, 2008 2:25am
Quoting sDRs
Im not quite sure, but in past few days your SL should be hit at least few times
You're right, it's been around that area for several days. I just don't think that pair will get much above 1.49, if at all, without a poor NFP and IMO a poor NFP will take E/U over 1.5. I put in a tight stop because NFP can do crazy things with the market.

Its just hard to tell these days. You have "leaders" saying what they see and then data comes out to show almost the opposite.
  • #51,598
  • Feb 1, 2008 2:34am Feb 1, 2008 2:34am
Quoting Pipspur
You're right, it's been around that area for several days. I just don't think that pair will get much above 1.49, if at all, without a poor NFP and IMO a poor NFP will take E/U over 1.5. I put in a tight stop because NFP can do crazy things with the market.

Its just hard to tell these days. You have "leaders" saying what they see and then data comes out to show almost the opposite.
But be aware of such pending orders, my last one was biggest mistake ever, iv placed sell position on cable at 1.9585, it was in first side of January with idea, that if cable cross 95 line it will definatelly go down, but it just touched my entry position and shot up like a fu***ing rocket, after that it retraceded only in 1.5 week.
  • #51,599
  • Feb 1, 2008 2:38am Feb 1, 2008 2:38am
im short @ 1.9824, tp 20 pips. Story continues 4th time and cable shouldnt break resistance
  • #51,600
  • Feb 1, 2008 2:49am Feb 1, 2008 2:49am
I think this could be a worth watch on gbp monthly.But be carefull..it's monthly chart .
Attached Image
340 traders viewing now, 1 is registered: