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Cable Update (GBPUSD)

  • #53,341
  • Feb 12, 2008 2:58pm Feb 12, 2008 2:58pm
Quoting Bones
Exactly what im thinking Ameri
  • #53,342
  • Feb 12, 2008 3:15pm Feb 12, 2008 3:15pm
[quote=AmeriTrini;1847809]I'm lookin to buy on a dip when the housing data comes out for the UK @ 700pm est. It should be bearish where as the inflation data should be bullish, so tonight I see a possible opportunity to buy on a dip. Retail sales will be a dissappointment, as usual, and will continue to be so, until people can pay their mortgages.

My 2 cents.........

Trade wisely.[/quote

I mean, I had not fully thought through the data like you , but I am thinking with the resistance were looking at, I would rather be buying lower than here ,
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #53,343
  • Feb 12, 2008 3:21pm Feb 12, 2008 3:21pm
Quoting jacobtrader
There wil be a drop today in GU in NY Session.

Any Rally is a good place to Short..
GU is likely to fall at 1.9380 levels..
This didn't happen, do you have any comment as to why? (I know you still stand by your longer term bearish position)
Darkness lies one inch ahead..
  • #53,344
  • Edited 4:07pm Feb 12, 2008 3:22pm | Edited 4:07pm
[quote]AmeriTrini;1847809]I'm lookin to buy on a dip when the housing data comes out for the UK @ 700pm est. It should be bearish where as the inflation data should be bullish, so tonight I see a possible opportunity to buy on a dip. Retail sales will be a dissappointment, as usual, and will continue to be so, until people can pay their mortgages.

My 2 cents.........

Trade wisely.[/quote

Quote
I mean, I had not fully thought through the data like you , but I am thinking with the resistance were looking at, I would rather be buying lower than here ,
Just sit back and enjoy the ride, for those who go short, I guess they didnt see the higher lows and higher highs recently........they will learn the hard way.
  • #53,345
  • Feb 12, 2008 3:55pm Feb 12, 2008 3:55pm
AmeriTrini

u know something buddy im so happy yur in this forum cause since u started posting, i have changed the way i trade and i think if I become successfull at trading, its gonna be because of u.
thanks for taking the time to share your knowledge, u really are making a difference. best of luck to us all
  • #53,346
  • Feb 12, 2008 4:01pm Feb 12, 2008 4:01pm
Quoting nAVIN2007
AmeriTrini

u know something buddy im so happy yur in this forum cause since u started posting, i have changed the way i trade and i think if I become successfull at trading, its gonna be because of u.
thanks for taking the time to share your knowledge, u really are making a difference. best of luck to us all
Happiness can sometimes be the best medicine of all!!

Thank you,


many pips to ALL!
  • #53,347
  • Feb 12, 2008 4:07pm Feb 12, 2008 4:07pm
Quoting AmeriTrini
I'm lookin to buy on a dip when the housing data comes out for the UK @ 700pm est. It should be bearish where as the inflation data should be bullish, so tonight I see a possible opportunity to buy on a dip. Retail sales will be a dissappointment, as usual, and will continue to be so, until people can pay their mortgages.

My 2 cents.........

Trade wisely.
1st March I am flying to England to pick up all the lovely cash on the house I just sold.. houses are still selling

I have watched the UK economy since the 1960's and it is inflation prone.
Careful with GBP - the interest rates NEVER goes as low as USD. It's the 5th most powerful economy in the world (just pipped recently by China), so writing it off as a crumbling ex-colonial power is dangerous.

The huge immigration (much more than the USA by %) will drive housing again so buying on dips sounds right to me
  • #53,348
  • Feb 12, 2008 4:11pm Feb 12, 2008 4:11pm
Quoting allserene
1st March I am flying to England to pick up all the lovely cash on the house I just sold.. houses are still selling

I have watched the UK economy since the 1960's and it is inflation prone.
Careful with GBP - the interest rates NEVER goes as low as USD. It's the 5th most powerful economy in the world (just pipped recently by China), so writing it off as a crumbling ex-colonial power is dangerous.

The huge immigration (much more than the USA by %) will drive housing again so buying on dips sounds right to me
I am patiently waiting for that 'dip', its in the process of forming as we type!!!
  • #53,349
  • Feb 12, 2008 4:32pm Feb 12, 2008 4:32pm
You know
I am thinking that housing data in the morning might be bullish. Last few reports this month ,on house prices, have been very slightly better than expected. Man On The Street here has been anticipating lower rates and we now have them, generally I think peoples view is now better than before on housing and things seem to moving on that front. Only thing im not sure of is how long that would take to seep through to statistics
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #53,350
  • Feb 12, 2008 4:52pm Feb 12, 2008 4:52pm
Quoting Bones
You know
I am thinking that housing data in the morning might be bullish. Last few reports this month ,on house prices, have been very slightly better than expected. Man On The Street here has been anticipating lower rates and we now have them, generally I think peoples view is now better than before on housing and things seem to moving on that front. Only thing im not sure of is how long that would take to seep through to statistics
Very relevant point - I was warning that UK housing was shot from March last year - well before the stats showed it..

They say by the time a country knows it's in recession its usually climbing out - the great depression only kept stocks down a short time

We have to re-adjust fast in this market - but I think any significant wobble in jobs will cause a heck of a recession - just like the early 90's. If we have a credit crunch and a housing mess with full employment, then just think of what it will be like if jobs slide significantly - shudder
  • #53,351
  • Feb 12, 2008 4:58pm Feb 12, 2008 4:58pm
I'm anticipating a short term bullishness, and soon after a return to the long term bearish trend.
Attached Image (click to enlarge)
Click to Enlarge Name: cable_down.gif Size: 32 KB
  • #53,352
  • Feb 12, 2008 5:08pm Feb 12, 2008 5:08pm
Hi
I try to develop custom analysis summary using photo please review the attachments and please inform me if there are unclear information on it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FFRec13022008.gif Size: 39 KB
Click to Enlarge Name: FFRec_Lesson.gif Size: 41 KB
  • #53,353
  • Feb 12, 2008 5:20pm Feb 12, 2008 5:20pm
so abuawad.......acording to ur analysis if the 4hr candle breaches and closes below the 9590.....then its strong bearish signal......its that right...
  • #53,354
  • Feb 12, 2008 5:26pm Feb 12, 2008 5:26pm
Quoting iakq
so abuawad.......acording to ur analysis if the 4hr candle breaches and closes below the 9590.....then its strong bearish signal......its that right...
Under one condition the closing of 4h candle below or above the support or resistant line in the chart. For example for 13/2/2008. On the 4h chart if the candle close below 1.9590 the cable will target 1.9560 so on…
Please note that is my own analysis and all what I want to shear it with you all. Any trading according to my analysis on your own responsibility..
  • #53,355
  • Feb 12, 2008 5:38pm Feb 12, 2008 5:38pm
WELL NOTED........
  • #53,356
  • Feb 12, 2008 5:54pm Feb 12, 2008 5:54pm
Quoting Abuawad
Under one condition the closing of 4h candle below or above the support or resistant line in the chart. For example for 13/2/2008. On the 4h chart if the candle close below 1.9590 the cable will target 1.9560 so on…
Please note that is my own analysis and all what I want to shear it with you all. Any trading according to my analysis on your own responsibility..
Nice ...
  • #53,357
  • Feb 12, 2008 6:06pm Feb 12, 2008 6:06pm
Quoting Abuawad
Under one condition the closing of 4h candle below or above the support or resistant line in the chart. For example for 13/2/2008. On the 4h chart if the candle close below 1.9590 the cable will target 1.9560 so on…
Please note that is my own analysis and all what I want to shear it with you all. Any trading according to my analysis on your own responsibility..
Sorry for typing error...
Under one condition the open or close of 4h candle below or above the support or resistant line in the chart. For example for 13/2/2008. On the 4h chart if the candle close below 1.9590 the cable will target 1.9560 so on…
  • #53,358
  • Feb 12, 2008 6:30pm Feb 12, 2008 6:30pm
why bother making predictions as everything may be changed after tomorrow usa retail sales report.

BOE Inflation Report + retail sales are awfull in usa =
ca be a nice combination for gu to skyrocket.

but lets watch, usa economy could surprise us....
  • #53,359
  • Feb 12, 2008 6:35pm Feb 12, 2008 6:35pm
Quoting acidguy
why bother making predictions as everything may be changed after tomorrow usa retail sales report.

BOE Inflation Report + retail sales are awfull in usa =
ca be a nice combination for gu to skyrocket.

but lets watch, usa economy could surprise us....
I'll answer you once the news issued
  • #53,360
  • Feb 12, 2008 6:36pm Feb 12, 2008 6:36pm
Quoting Abuawad
Sorry for typing error...
Under one condition the open or close of 4h candle below or above the support or resistant line in the chart. For example for 13/2/2008. On the 4h chart if the candle close below 1.9590 the cable will target 1.9560 so on…
Abu Awad,

The 4h candle didn't close below 9590 on my chart. Did it close below that level on your chart?
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