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Cable Update (GBPUSD)

  • #53,361
  • Feb 12, 2008 4:37pm Feb 12, 2008 4:37pm
No need to apologize we understood...
  • #53,362
  • Feb 12, 2008 4:42pm Feb 12, 2008 4:42pm
Quoting Abuawad
I'll answer you once the news issued
sure, nice.

just telling this around here cause have watched how scary some guys even start taking positions according to their analisys before the news so close. tomorrow especially important as eyes are put on usa looking for clues recession or not recession

i bet that also a factor the war in eu between 1.45 - 1.46....
sure tomorrow this pair will skyrocket big to any side. depend the report and likely gu will follow like a zombie.
  • #53,363
  • Feb 12, 2008 6:01pm Feb 12, 2008 6:01pm
Quoting acidguy
sure, nice.

just telling this around here cause have watched how scary some guys even start taking positions according to their analisys before the news so close. tomorrow especially important as eyes are put on usa looking for clues recession or not recession

i bet that also a factor the war in eu between 1.45 - 1.46....
sure tomorrow this pair will skyrocket big to any side. depend the report and likely gu will follow like a zombie.
I am boring myself now with this question but I have not got over the drop in cable following the fed slashing rates and US jobs falling. That was not supposed to happen. If US sales and jobs and interest rates fall again, will cable fall again ?

More than me got burned by what happened and we (I) need to understand the dynamics of that and why the opposite does not cause an opposite reaction...
It seems cable cannot win here because US rates/gdp/jobs up - cable predicted to go down
US jobs/rates/gdp goes down - cable did go down

Is it the case that cable can only go up when the US stabilizes and the fear disappears and GBP yields better.

If that is the case then cable must wait for the US to bottom. US shares did shake off the panic today and I made money on both shares and a gbp long.

If CNBC are right and the DOW could add 1000 points if the recession does not happen - then cable could zoom back up..

Am I on the right track here you fundie folk ?
  • #53,364
  • Feb 12, 2008 6:10pm Feb 12, 2008 6:10pm
Quoting Abuawad
I'll answer you once the news issued

Abuawad..

Have followed your comments and thoughts for a few sessions and want to extend my appreciation and extend kudos to you for well reasoned and logical analyses.

Keep up the good work!!
"I know how hard it is for you to put food on your family." George W. Bush
  • #53,365
  • Feb 12, 2008 6:45pm Feb 12, 2008 6:45pm
Quoting allserene
I am boring myself now with this question but I have not got over the drop in cable following the fed slashing rates and US jobs falling. That was not supposed to happen. If US sales and jobs and interest rates fall again, will cable fall again ?

More than me got burned by what happened and we (I) need to understand the dynamics of that and why the opposite does not cause an opposite reaction...
It seems cable cannot win here because US rates/gdp/jobs up - cable predicted to go down
US jobs/rates/gdp goes down - cable did go down

Is it the case that cable can only go up when the US stabilizes and the fear disappears and GBP yields better.

If that is the case then cable must wait for the US to bottom. US shares did shake off the panic today and I made money on both shares and a gbp long.

If CNBC are right and the DOW could add 1000 points if the recession does not happen - then cable could zoom back up..

Am I on the right track here you fundie folk ?
very simple, cable got momentum down, uk fundamentals are weakening and most traders does are not missing any good opportunity to sell it.
(including me.)

if tomorrow usa data is pretty bad, of course will long gu for the moment but with limited risk.
then after cable upside momentum slows, wont hesitate to short it taking some moderate risk....

IMF says has cable is overvalued by at least 25% while they say euro remains on the right price, dollar is priced on the right level.
(last year they were telling usd was overvalued and they were right, market punished usd.)

many big Banks agree better trade for 2008 is longing aussie and shorting cable. they will have reasons. even some calling for longing USD...
  • #53,366
  • Feb 12, 2008 7:50pm Feb 12, 2008 7:50pm
OMG!! FXdaily is banned again!
  • #53,367
  • Feb 12, 2008 8:25pm Feb 12, 2008 8:25pm
Quoting gunset
OMG!! FXdaily is banned again!
why do you act surprised? and when he's reinstated, he'll get banned again!!

  • #53,368
  • Feb 12, 2008 9:25pm Feb 12, 2008 9:25pm
Quoting acidguy
IMF says has cable is overvalued by at least 25% while they say euro remains on the right price, dollar is priced on the right level.
(last year they were telling usd was overvalued and they were right, market punished usd.)
How recent was that report and could you please post a link

TIA
Darkness lies one inch ahead..
  • #53,369
  • Edited Feb 13, 2008 12:20am Feb 12, 2008 9:46pm | Edited Feb 13, 2008 12:20am
Good morning
We can see the first candle open below the unknown area limit, cable move down to the first target on the chart 1.9560

http://www.forexfactory.com/attachme...1&d=1202857681
Attached Image
  • #53,370
  • Feb 12, 2008 9:50pm Feb 12, 2008 9:50pm
Good Morning To Everyone..........will Cable Go To 9557 Or Shoot Up......thanks In Advance...
  • #53,371
  • Feb 12, 2008 10:00pm Feb 12, 2008 10:00pm
Quoting Abuawad
Good morning
We can see the first candle open below the unknown area limit, cable move down to the first target on the chart 1.9460
Tnx for the info Abuawad but I'll stick to my gun 1.9660 will do before 1.9400 only a breach of 1.9520 will change my view as long as the 1.9520 still protected better to "look north before south" just my 2 cents.....
  • #53,372
  • Feb 12, 2008 10:07pm Feb 12, 2008 10:07pm
Quoting 4x_Trader
Tnx for the info Abuawad but I'll stick to my gun 1.9660 will do before 1.9400 only a breach of 1.9520 will change my view as long as the 1.9520 still protected better to "look north before south" just my 2 cents.....
Well 1.9660 is my second long target (1.9657 on my chart)
  • #53,373
  • Feb 12, 2008 10:08pm Feb 12, 2008 10:08pm
i have a buying position @ 1.9571 TP = 1.9627 SL = 1.9550

but i think if we can see a selling signal under the 1.9525.. then its a good oppurtunity to sell and 1.9440
  • #53,374
  • Feb 12, 2008 10:21pm Feb 12, 2008 10:21pm
Thanks acid guy for telling me short cable and long aussie.

I am seeing a down trend for GBP( W/ USD and JPY).

IT seems that this is the only choice that i have, since Eur/USD not trending and USD/JPy oso, USD/Cad not going anywhere?

Look like aussie is trending.. will studay hard on it...
  • #53,375
  • Feb 12, 2008 10:25pm Feb 12, 2008 10:25pm
Quoting Abuawad
Well 1.9660 is my second long target (1.9657 on my chart)
If that will be the case, happy trading to both of us bro! Way to go Abuawad!
  • #53,376
  • Feb 12, 2008 11:11pm Feb 12, 2008 11:11pm
Good Day

FXdaily ask me to send this ... and he said "these news push us only down today USD news ride us 100 more pipses down"
Attached Image(s) (click to enlarge)
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  • #53,377
  • Feb 12, 2008 11:14pm Feb 12, 2008 11:14pm
Mr Abuawad,
"

Finally, I like to inform you that my experience come from FF expert and personal effort that cost me a lots of losing and I hope we learn more and exchange our experiences "

Although i am around in FX for a while, i did not jump the bandwagon as i find FX too complex to trade in short ime frame. I am more succdessful in stocks. But my advice is ( advice from a actual millionaire trader, that i met in actual person)
1) He trade w/ the trend. add more on the trend.
2) He lost small and win big.
All the while my fundamental is base on the 2 formuale.

if you are keen in trading your method, find our success in others that using similar method. you could be missing something. I never like fabo.. i only use Ema and MACD.
Never give up.

I believe this is the most difficult period to trade as the world ecnomy is the most unstable. So i think big trend is in making.
  • #53,378
  • Feb 12, 2008 11:17pm Feb 12, 2008 11:17pm
Quoting deboooo2005
Good Day

FXdaily ask me to send this ... and he said "these news push us only down today USD news ride us 100 more pipses down"
ok, so when he decides to cuss someone out, will you convey that message as well and get banned just like him?

please dont do that because he lost his posting privileges for a reason, if he wants to say something, he can do it under his own screenname.
  • #53,379
  • Feb 12, 2008 11:19pm Feb 12, 2008 11:19pm
Quoting FXblader
Mr Abuawad,
"

Finally, I like to inform you that my experience come from FF expert and personal effort that cost me a lots of losing and I hope we learn more and exchange our experiences "

Although i am around in FX for a while, i did not jump the bandwagon as i find FX too complex to trade in short ime frame. I am more succdessful in stocks. But my advice is ( advice from a actual millionaire trader, that i met in actual person)
1) He trade w/ the trend. add more on the trend.
2) He lost small and win big.
All the while my fundamental is base on the 2 formuale.

if you are keen in trading your method, find our success in others that using similar method. you could be missing something. I never like fabo.. i only use Ema and MACD.
Never give up.

I believe this is the most difficult period to trade as the world ecnomy is the most unstable. So i think big trend is in making.
thanks for the advice, i use the fibo only to determent the entry and exit point and i use the weekly fibo which almost the strong points in the short period.
  • #53,380
  • Feb 12, 2008 11:26pm Feb 12, 2008 11:26pm
Quoting Abuawad
thanks for the advice, i use the fibo only to determent the entry and exit point and i use the weekly fibo which almost the strong points in the short period.
but MACD & EMA is important
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