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Cable Update (GBPUSD)

  • #53,681
  • Feb 14, 2008 8:09am Feb 14, 2008 8:09am
will not join this madness, good idea to follow the trend when the currency has fundamentals.
but this case not, gbp fundamentals are starting to burn with a goverment who does not show the "real" reality about uk consumers situation.
including many people who are losing houses and their credit situation

at some point this is going to be showed and expect pound to fall hard, it just does not have the fundamentals, true market is drunk cause latest inflation fear of king, but 2 last times this has happened, they market start buying pound like crazy, then rumous of cut and market selloff.

putting second short.!
  • #53,682
  • Feb 14, 2008 8:10am Feb 14, 2008 8:10am
Quoting salah k.
thats a rough drop from cable what is the first support for it now????????????
not much of a drop, still supported at 9680...back in the channel again
  • #53,683
  • Feb 14, 2008 8:11am Feb 14, 2008 8:11am
Quoting soros_junior
inverted hammer forming on tf 1h
I think inverted hammer at the end of bearish run,and is a bullish signal,so not a good one
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #53,684
  • Feb 14, 2008 8:13am Feb 14, 2008 8:13am
Quoting acidguy
will not join this madness, good idea to follow the trend when the currency has fundamentals.
but this case not, gbp fundamentals are starting to burn with a goverment who does not show the "real" reality about uk consumers situation.
including many people who are losing houses and their credit situation

at some point this is going to be showed and expect pound to fall hard, it just does not have the fundamentals, true market is drunk cause latest inflation fear of king, but 2 last times this has happened, they market start buying pound like crazy, then rumous of cut and market selloff.

putting second short.!
thats wat i was trying to ask about UK fundamental weak US fundamentals strong do we ignore that completely i mean 2 or 3 weeks back pound fell from 1.9950 to 1.9400 after the 25 bps rate cut.

so wen do we know wen to start selling?????????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,685
  • Feb 14, 2008 8:16am Feb 14, 2008 8:16am
Quoting acidguy
will not join this madness, good idea to follow the trend when the currency has fundamentals.
but this case not, gbp fundamentals are starting to burn with a goverment who does not show the "real" reality about uk consumers situation.
including many people who are losing houses and their credit situation

at some point this is going to be showed and expect pound to fall hard, it just does not have the fundamentals, true market is drunk cause latest inflation fear of king, but 2 last times this has happened, they market start buying pound like crazy, then rumous of cut and market selloff.

putting second short.!
hay acid I think you will make money out of that short as long as you dont hold it to after today ,haha
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #53,686
  • Feb 14, 2008 8:16am Feb 14, 2008 8:16am
hi

further rise should be seen to resistance zone of 38.2% retracement
Break of 1.9548 will bring retest of 1.9387 low first.
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  • #53,687
  • Feb 14, 2008 8:17am Feb 14, 2008 8:17am
Quoting acidguy
will not join this madness, good idea to follow the trend when the currency has fundamentals.
but this case not, gbp fundamentals are starting to burn with a goverment who does not show the "real" reality about uk consumers situation.
including many people who are losing houses and their credit situation

at some point this is going to be showed and expect pound to fall hard, it just does not have the fundamentals, true market is drunk cause latest inflation fear of king, but 2 last times this has happened, they market start buying pound like crazy, then rumous of cut and market selloff.

putting second short.!
if only the pound falls hard like it did when soros shorted it many years ago, unlikely hehe
  • #53,688
  • Feb 14, 2008 8:18am Feb 14, 2008 8:18am
Quoting allserene
there is only one inverted hammer and that's mc hammer

http://thumbnail.search.aolcdn.com/a...4631039058.jpg
hehe... i prefer vanilla ice
  • #53,689
  • Feb 14, 2008 8:20am Feb 14, 2008 8:20am
Quoting virangar
hi

further rise should be seen to resistance zone of 38.2% retracement
Break of 1.9548 will bring retest of 1.9387 low first.
Assuming UK does not agree to supply Iran with nuclear submarines
  • #53,690
  • Feb 14, 2008 8:22am Feb 14, 2008 8:22am
seriously? this months going to be up, but im also shorting with acid guy, my TP is at 1.96212, anyone on the same boat?
And your mouth dropped
  • #53,691
  • Feb 14, 2008 8:24am Feb 14, 2008 8:24am
Quoting traderchan
if only the pound falls hard like it did when soros shorted it many years ago, unlikely hehe
he saying again, uk is soon to enter in a recession and pound will lose much of its value this year. as he thinks is deeply overvalued. he even dared to say will be the dollar of 2008.

just search in bloomberg and probably you will find many great interviews when he uses big part of his time attacking uk economy policies, and who probably knows things better about uk than this man.

was the man who Tricked big a central bank in the world, and the case was boe. so.....
  • #53,692
  • Feb 14, 2008 8:31am Feb 14, 2008 8:31am
Quoting acidguy
he saying again, uk is soon to enter in a recession and pound will lose much of its value this year. as he thinks is deeply overvalued. he even dared to say will be the dollar of 2008.

just search in bloomberg and probably you will find many great interviews when he uses big part of his time attacking uk economy policies, and who probably knows things better about uk than this man.

was the man who Tricked big a central bank in the world, and the case was boe. so.....
we still have techies who extend the bull market for pound which could have been over much earlier, never underestimate techies. Anyway the harder it will fall the longer it extends.
  • #53,693
  • Feb 14, 2008 8:35am Feb 14, 2008 8:35am
Quoting camisa
short For Your Lives!
"IT'S GOING TO BE LIKE COMING INTO THE JUNGLE" - K G
  • #53,694
  • Feb 14, 2008 8:35am Feb 14, 2008 8:35am
I do not post much. But I see that we are in a correction of the current down move , wave C to be exact. I would be looking to buy again at 1.9635 - 1.9650 , if this is broken on the hour then buy at 1.9600. Target would be 1.9700 - 1.9710. Then down to 1.9500's maybe mid 400's Then one more bounce up before cable falls to 1.91's. Just my outlook. Trade what you see not what you feel.
  • #53,695
  • Feb 14, 2008 8:36am Feb 14, 2008 8:36am
Quoting makey2u
seriously? this months going to be up, but im also shorting with acid guy, my TP is at 1.96212, anyone on the same boat?
Not a bad bet Mike ,I was tempted myself ,but am wiating for better price for longs as while we are in this channel
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #53,696
  • Feb 14, 2008 8:37am Feb 14, 2008 8:37am
Quoting traderchan
we still have techies who extend the bull market for pound which could have been over much earlier, never underestimate techies. Anyway the harder it will fall the longer it extends.
but beware of shorts also, in some minutes is going to speak the dollar spoiler ben bennie.

me short cause today woke up with some high level of risk appetite
  • #53,697
  • Feb 14, 2008 8:39am Feb 14, 2008 8:39am
Quoting acidguy
he saying again, uk is soon to enter in a recession and pound will lose much of its value this year. as he thinks is deeply overvalued. he even dared to say will be the dollar of 2008.

just search in bloomberg and probably you will find many great interviews when he uses big part of his time attacking uk economy policies, and who probably knows things better about uk than this man.

was the man who Tricked big a central bank in the world, and the case was boe. so.....
The whole point of a trick is to spread disinformation first and then come in and take the positions.

The art of war Sun Tzu

If Soros is inviting you to take a direction - take the opposite because that is what he will do.

Mr Kiddology got lucky last time - he should quit while he is ahead
  • #53,698
  • Feb 14, 2008 8:40am Feb 14, 2008 8:40am
i looks like the bullish momentum is over!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #53,699
  • Feb 14, 2008 8:40am Feb 14, 2008 8:40am
bernanke the equity market saviour and dollar spoiler. Gotta hate him.
  • #53,700
  • Feb 14, 2008 8:41am Feb 14, 2008 8:41am
apetite? dude We're getting Eatin like were Brunch.... no, Breakfest isnt enough for this pig and nithor is lunch alone, Its gota be both at the same time to satisfy the cow.
And your mouth dropped
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