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Cable Update (GBPUSD)

  • #53,441
  • Feb 13, 2008 6:54am Feb 13, 2008 6:54am
Quoting LukaszH
No I have open Short posiotion on Cable TP --> 1.9455
wow you have courage..........
  • #53,442
  • Feb 13, 2008 7:00am Feb 13, 2008 7:00am
Quoting rav700
wow you have courage..........
He is feeling lucky
.
  • #53,443
  • Feb 13, 2008 7:04am Feb 13, 2008 7:04am
He might be right. I give him my lunch then.
.
  • #53,444
  • Feb 13, 2008 7:12am Feb 13, 2008 7:12am
i feel its will down
  • #53,445
  • Feb 13, 2008 7:34am Feb 13, 2008 7:34am
Quoting X-CooL
i feel its will down

i hope you are not shorting
  • #53,446
  • Feb 13, 2008 7:35am Feb 13, 2008 7:35am
shorting gu in this spike up. USD shall recover in the next hours after this data.

great great news for usa.
  • #53,447
  • Feb 13, 2008 7:42am Feb 13, 2008 7:42am
euro bulls resisting hard and holding most pairs up, but dont resist so much, we going to 1.40 soon and gu for 1.90.

these news just gives momentum and fire for big banks predictions about usd...
  • #53,448
  • Feb 13, 2008 7:46am Feb 13, 2008 7:46am
Quoting Abuawad
i hope you are not shorting
Dollar positive news....so why not short...wait for the right levels I say
  • #53,449
  • Feb 13, 2008 8:02am Feb 13, 2008 8:02am
Quoting bullrock
LONG CABLE LONG. You can pay my meal
You are smiling but I'm doing $$ Anyway

Sl --> 1.9730
  • #53,450
  • Feb 13, 2008 8:03am Feb 13, 2008 8:03am
Quoting rav700
Dollar positive news....so why not short...wait for the right levels I say
right level was 1.9630-40, but now its on the past....
we might head for 1.9550 in the next couple of hours.
  • #53,451
  • Feb 13, 2008 8:08am Feb 13, 2008 8:08am
short at 635 and make profit only 20 pips

im out now
  • #53,452
  • Feb 13, 2008 8:12am Feb 13, 2008 8:12am
Quoting rav700
Dollar positive news....so why not short...wait for the right levels I say
GBP positive news is USD negative news - yes ?

UK has inflation and GDP will FALL to 2.4% or something later in the year (compare to US) - and jobs are rising (compare to US) ...

How come that is negative GBP and positive USD ?
  • #53,453
  • Feb 13, 2008 8:13am Feb 13, 2008 8:13am
Quoting acidguy
right level was 1.9630-40, but now its on the past....
we might head for 1.9550 in the next couple of hours.
I shorted and came out for 20 pips mate....Just wanted to know why ....the long comments that all...Thanks Rav
  • #53,454
  • Feb 13, 2008 8:13am Feb 13, 2008 8:13am
Quoting X-CooL
short at 635 and make profit only 20 pips

im out now
me 2...short at 630 n some 20 pips...but im still gaining hehehehe...
money is for living
  • #53,455
  • Feb 13, 2008 8:15am Feb 13, 2008 8:15am
everyone has this big spike on interbankfx? on north finance there is not this spike:
Attached Image
  • #53,456
  • Feb 13, 2008 8:27am Feb 13, 2008 8:27am
Quoting rav700
I shorted and came out for 20 pips mate....Just wanted to know why ....the long comments that all...Thanks Rav
stick with your analisys bro, a really profitable thing i use is let say go 30-40 pips down but my target is 100.

many times the gains are reversed and you get to the starting point. but the rule is, if the pair after the reverse goes lets say 30-40 pips against you which not happen very much on this method, you exit unscatched.

in the most commom gain with this method you let your profits run and reach the 100 pips target, thats why you cant overreact and 20pips in my opinion is very little, you are risking more than what you gain.

i will stick to 1.9550 even if this pair goes 5 times to my starting point.
which is 1.9632.
  • #53,457
  • Feb 13, 2008 8:28am Feb 13, 2008 8:28am
Quoting giraia_br
everyone has this big spike on interbankfx? on north finance there is not this spike:
Looks like a stop sweep. I don't see it in TS.
- WaveRider3
  • #53,458
  • Feb 13, 2008 8:29am Feb 13, 2008 8:29am
Quoting allserene
GBP positive news is USD negative news - yes ?

UK has inflation and GDP will FALL to 2.4% or something later in the year (compare to US) - and jobs are rising (compare to US) ...

How come that is negative GBP and positive USD ?
euo area as a whole is in trouble even if trichet does not admit it.
while usa is taking steps for recovery.

the thing is usa is 1 country and can adopt more flexible rules, while euro area is an union of nations where many have to get convinced before taking important steps.... thats what is glooming europe now and of course that will affect uk.

this was not a problem, but after this crisis, investors are seeing euro structure is a problem.

But there is also a RISK : if carry trades go big up GBP could see some strenght and carry traders love it as driver for gains in gj, so beware, gbp could be put artifically up even if euro goes down.
  • #53,459
  • Feb 13, 2008 8:35am Feb 13, 2008 8:35am
Quoting giraia_br
everyone has this big spike on interbankfx? on north finance there is not this spike:
it is clear that this broker sold against the clients, this did not happen in other brokers.. time to change broker maybe.
  • #53,460
  • Feb 13, 2008 8:38am Feb 13, 2008 8:38am
Quoting acidguy
euo area as a whole is in trouble even if trichet does not admit it.
while usa is taking steps for recovery.

the thing is usa is 1 country and can adopt more flexible rules, while euro area is an union of nations where many have to get convinced before taking important steps.... thats what is glooming europe now and of course that will affect uk.

this was not a problem, but after this crisis, investors are seeing euro structure is a problem.

But there is also a RISK : if carry trades go big up GBP could see some strenght and carry traders love it as driver for gains in gj, so beware, gbp could be put artifically up even if euro goes down.
The alternative view is that the USA is panicking like crazy and making emergency rate cuts and has falling jobs and gdp, while the UK economy is sound, the workforce is expanding, the housing market is stabilising, gdp is positive and the likelyhood of deep rate cuts is becoming less and less

I agree that the euro is untested in a recession and that could be a mess - we saw a bit of it when Germany was stagnant but it wasn't a deep recession.

If the euro takes a dip it will be good for UK exports to Europe
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