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Why is GBPUSD called cable? 67 replies

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Cable Update (GBPUSD)

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  • Post #54,041
  • Quote
  • Feb 15, 2008 10:21am Feb 15, 2008 10:21am
  •  allserene
  • | Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
That was a pleasant trip up and I am having a ginger biscuit to celebrate - but the Euro is faltering so I am taking some time out
 
 
  • Post #54,042
  • Quote
  • Feb 15, 2008 10:24am Feb 15, 2008 10:24am
  •  Abu-Rami
  • Joined Jul 2007 | Status: Senior Member | 1,553 Posts
Damn if I was trading today
From 1.9709 to 1.9611 = +98 & from 1.9611 to 1.9650 = +39
Total= +137

http://www.3tt3.net/smile/smile_files/773da905db.gif
 
 
  • Post #54,043
  • Quote
  • Feb 15, 2008 10:25am Feb 15, 2008 10:25am
  •  aediaz1
  • Joined Aug 2007 | Status: Member | 3,134 Posts
Quoting allserene
Disliked
That was a pleasant trip up and I am having a ginger biscuit to celebrate - but the Euro is faltering so I am taking some time out
Ignored
Good to hear, what targets are you aiming for ?
Measure twice, cut once
 
 
  • Post #54,044
  • Quote
  • Feb 15, 2008 10:30am Feb 15, 2008 10:30am
  •  lessy
  • | Joined Dec 2007 | Status: Member | 283 Posts
cable have a respect to 50% fibo.... but it will tested for a while....
and might pull back.....to south...

don't trust me.... just my opinion..
Attached Image (click to enlarge)
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Never Give Up.....
 
 
  • Post #54,045
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  • Feb 15, 2008 10:31am Feb 15, 2008 10:31am
  •  traderchan
  • | Joined Dec 2007 | Status: Member | 73 Posts
Quoting Abuawad
Disliked
Damn if I was trading today
From 1.9709 to 1.9611 = +98 & from 1.9611 to 1.9650 = +39
Total= +137

http://www.3tt3.net/smile/smile_files/773da905db.gif
Ignored
damn if i trade everyday buy at the lowest point and sell at the highest point i would become richer than soros in a few years time.
 
 
  • Post #54,046
  • Quote
  • Feb 15, 2008 10:32am Feb 15, 2008 10:32am
  •  deboooo2005
  • Joined Feb 2007 | Status: Member | 2,428 Posts
Quoting Abuawad
Disliked
Damn if I was trading today
From 1.9709 to 1.9611 = +98 & from 1.9611 to 1.9650 = +39
Total= +137

http://www.3tt3.net/smile/smile_files/773da905db.gif
Ignored
there is always many chances in this market ... i short @ 1.9628 and closed @ 1.9600 nice 28 pips in 5 lots == it was good amount to me
 
 
  • Post #54,047
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  • Feb 15, 2008 10:32am Feb 15, 2008 10:32am
  •  salah k.
  • Joined Apr 2007 | Status: Member | 2,387 Posts
dow is up significantly
"what doesn't bankrupt me, makes me stronger" modern nietzche
 
 
  • Post #54,048
  • Quote
  • Feb 15, 2008 10:33am Feb 15, 2008 10:33am
  •  Abu-Rami
  • Joined Jul 2007 | Status: Senior Member | 1,553 Posts
Quoting traderchan
Disliked
damn if i trade everyday buy at the lowest point and sell at the highest point i would become richer than soros in a few years time.
Ignored
check my analysis for yesterday and today also the rule i follow and you will know what i'm talking about
 
 
  • Post #54,049
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  • Feb 15, 2008 10:35am Feb 15, 2008 10:35am
  •  trunkz
  • | Joined Jan 2008 | Status: trunkz | 5 Posts
can anybody tell me meaning by this " previous 78.4, forecast 79.00. " is that mean the trend will be up? and " previous 149.9 billion, forecast $67.9 billion " means the trend will be down??
 
 
  • Post #54,050
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  • Feb 15, 2008 10:36am Feb 15, 2008 10:36am
  •  salah k.
  • Joined Apr 2007 | Status: Member | 2,387 Posts
Quoting deboooo2005
Disliked
there is always many chances in this market ... i short @ 1.9628 and closed @ 1.9600 nice 28 pips in 5 lots == it was good amount to me
Ignored
nice quick and clean money
congrats
"what doesn't bankrupt me, makes me stronger" modern nietzche
 
 
  • Post #54,051
  • Quote
  • Feb 15, 2008 10:37am Feb 15, 2008 10:37am
  •  salah k.
  • Joined Apr 2007 | Status: Member | 2,387 Posts
Quoting trunkz
Disliked
can anybody tell me meaning by this " previous 78.4, forecast 79.00. " is that mean the trend will be up? and " previous 149.9 billion, forecast $67.9 billion " means the trend will be down??
Ignored
i believe that means that this report is bad for US currency so gpb/usd should travel upwards.
"what doesn't bankrupt me, makes me stronger" modern nietzche
 
 
  • Post #54,052
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  • Feb 15, 2008 10:39am Feb 15, 2008 10:39am
  •  lessy
  • | Joined Dec 2007 | Status: Member | 283 Posts
Quoting trunkz
Disliked
can anybody tell me meaning by this " previous 78.4, forecast 79.00. " is that mean the trend will be up? and " previous 149.9 billion, forecast $67.9 billion " means the trend will be down??
Ignored
it depend on the actual & what kind of news do you read...

some news have positive effect when increase...
but some news have a negative effect....
read carefully,,,,
good luck...
Never Give Up.....
 
 
  • Post #54,053
  • Quote
  • Feb 15, 2008 10:39am Feb 15, 2008 10:39am
  •  allserene
  • | Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
Quoting aediaz1
Disliked
Good to hear, what targets are you aiming for ?
Ignored

I am just scalping - anything could happen - but when euro and gbp agree and start something moving smoothly, I jump on for a while (either way)- so long as there is no news about

I learned my lesson when the US jobs fell and just because the US is going bad does not mean the dollar will be down

I think there are some invisible flip flops lines where the rule changes - up to a point, bad US news is dollar bad, but if the news is too bad then the dollar is the reserve currency etc etc junk comes into play and the USD rises

So the trick is to know the points where the rules change 180 degrees

Its close to where we are now which makes it scary
 
 
  • Post #54,054
  • Quote
  • Feb 15, 2008 10:46am Feb 15, 2008 10:46am
  •  deboooo2005
  • Joined Feb 2007 | Status: Member | 2,428 Posts
hi again 1.9645 was good point to short ... i'm in
 
 
  • Post #54,055
  • Quote
  • Feb 15, 2008 10:48am Feb 15, 2008 10:48am
  •  jacobtrader
  • | Joined Dec 2007 | Status: Member | 570 Posts
Quoting quickh23a
Disliked
you base your analsis only on fibs .. u should look at some more things like weekend/friday/stocks so on.
Ignored
I base my analysis on lots of things buddy..
Indicators, Equities, Fundamentals... technical structure..
 
 
  • Post #54,056
  • Quote
  • Feb 15, 2008 10:51am Feb 15, 2008 10:51am
  •  jacobtrader
  • | Joined Dec 2007 | Status: Member | 570 Posts
Quoting deboooo2005
Disliked
hi again 1.9645 was good point to short ... i'm in
Ignored
Good.
 
 
  • Post #54,057
  • Quote
  • Feb 15, 2008 10:57am Feb 15, 2008 10:57am
  •  deboooo2005
  • Joined Feb 2007 | Status: Member | 2,428 Posts
Quoting jacobtrader
Disliked
Good.
Ignored
thanks ... you in also!?
 
 
  • Post #54,058
  • Quote
  • Feb 15, 2008 11:04am Feb 15, 2008 11:04am
  •  mainath
  • | Joined Oct 2007 | Status: always newbie | 19 Posts
Can we say that the movement of cable/$ today is utmost conducted by the direction of the carry trade pairs: GJ and GC? coz as i observed for a long time, once the equity market slump, these two pair will just drag down for 100+ pips and cable/$ will also decline for 50+ pips.

Is my observation true? can any veteran like Mr. Jacobtrader and Mr. Allserene tell me that or even correct my understanding? thanks alot~:
 
 
  • Post #54,059
  • Quote
  • Feb 15, 2008 11:06am Feb 15, 2008 11:06am
  •  salah k.
  • Joined Apr 2007 | Status: Member | 2,387 Posts
is the fed more likely to cut 50 or 25 bps the next meeting????????????????????????????
??????????????????
"what doesn't bankrupt me, makes me stronger" modern nietzche
 
 
  • Post #54,060
  • Quote
  • Feb 15, 2008 11:08am Feb 15, 2008 11:08am
  •  jacobtrader
  • | Joined Dec 2007 | Status: Member | 570 Posts
Quoting deboooo2005
Disliked
thanks ... you in also!?
Ignored
Yeh, In and out,
The technicals still suggest bearish pattern for GBP/USD..
Let see how it goes.
 
 
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