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Cable Update (GBPUSD)

  • #54,081
  • Feb 15, 2008 11:21am Feb 15, 2008 11:21am
Best of luck to all.
I am off.. had done for today.
And GU is still bearish..

I wouldnt be suprised seeing it way down..

Monday we have report for Pound, let see how it comes..

Technically i remain bearish

Time to go now!! Happy trading to All.. And good weekend..

Will advice Free training time and date later today.. Best Luck!!
  • #54,082
  • Feb 15, 2008 11:29am Feb 15, 2008 11:29am
Quoting jacobtrader
Best of luck to all.
I am off.. had done for today.
And GU is still bearish..

I wouldnt be suprised seeing it way down..

Monday we have report for Pound, let see how it comes..

Technically i remain bearish

Time to go now!! Happy trading to All.. And good weekend..

Will advice Free training time and date later today.. Best Luck!!
welldone for today ...and have a great weekend
  • #54,083
  • Feb 15, 2008 11:48am Feb 15, 2008 11:48am
nice move touched the 85 go cable go
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,084
  • Feb 15, 2008 11:53am Feb 15, 2008 11:53am
its so hard to trade and make decisions on direction for whole day when u cant be by computer, it didnt look like we were going down but now i think the target is 1.9500
what do others think?
  • #54,085
  • Feb 15, 2008 11:56am Feb 15, 2008 11:56am
If US economy is in for trouble, then GBP/JPY is probabably going to take a big hit, which will drag down the GBP/USD, so I wouldn't count on too much pound strength if your beliefs are correct.


Quoting acidguy
usd is burned as economy gains momentum heading for a possible crash,
so buying gu at these levels...

hard to bellieve it will fall below 1.9550 in the next hours. targeting 1.9750 next week.
lets see hot it goes.
  • #54,086
  • Feb 15, 2008 11:57am Feb 15, 2008 11:57am
I dont know i cant just leave GU and go lolz.
Booked another 30 Pips..
I have a solid confirmeation we are going back to 1.94.. Enjoy
  • #54,087
  • Feb 15, 2008 11:59am Feb 15, 2008 11:59am
i think i need to need a book on ecomony..as i have no idea about these things, it can only help my trading i guess...lol
  • #54,088
  • Feb 15, 2008 11:59am Feb 15, 2008 11:59am
next station between 1.9561 & 1.9555
  • #54,089
  • Feb 15, 2008 12:01pm Feb 15, 2008 12:01pm
Quoting deboooo2005
next station between 1.9561 & 1.9555
I feel like patting on your back.. Cause you are correct.
  • #54,090
  • Feb 15, 2008 12:02pm Feb 15, 2008 12:02pm
very simple why this is happening, on sunday there is the house prices report so many traders are probably unwinding long gbp positions.

beware cause sunday report could send gu close to 1.90 if its really bad as expected.
  • #54,091
  • Edited 12:06pm Feb 15, 2008 12:02pm | Edited 12:06pm
Do anyone know why 1kt sign disapper from all 1kt Members ... strange ... my 1kt sign and all 1kt sign removed ... do anyone know any reason for this ....
  • #54,092
  • Feb 15, 2008 12:12pm Feb 15, 2008 12:12pm
Quoting deboooo2005
Do anyone know why 1kt sign disapper from all 1kt Members ... strange ... my 1kt sign and all 1kt sign removed ... do anyone know any reason for this ....
I think one of the member how vote are removed from 1KT. But I check they are not!!
  • #54,093
  • Feb 15, 2008 12:13pm Feb 15, 2008 12:13pm
Maybe, but I think the DOW/S&P is dragging the GBP/JPY down now, which is dragging GBP/USD down as well. Not too good a time to be long. This is also a bounce off resistance. I think the bears might be done hibernating.

Quoting acidguy
very simple why this is happening, on sunday there is the house prices report so many traders are probably unwinding long gbp positions.

beware cause sunday report could send gu close to 1.90 if its really bad as expected.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 22 KB
  • #54,094
  • Feb 15, 2008 12:19pm Feb 15, 2008 12:19pm
Quoting acidguy
very simple why this is happening, on sunday there is the house prices report so many traders are probably unwinding long gbp positions.

beware cause sunday report could send gu close to 1.90 if its really bad as expected.
i hope ur corerct i sold big time.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,095
  • Feb 15, 2008 12:20pm Feb 15, 2008 12:20pm
abuawad, done, don't foreget to return the fav.
If I Go Broke Trying Then I Will die happy.
  • #54,096
  • Feb 15, 2008 12:23pm Feb 15, 2008 12:23pm
Quoting Betard
Maybe, but I think the DOW/S&P is dragging the GBP/JPY down now, which is dragging GBP/USD down as well. Not too good a time to be long. This is also a bounce off resistance. I think the bears might be done hibernating.
i think ur correct thats the only logical reason for this sudden drop which happened to be exactly after dows drop.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,097
  • Feb 15, 2008 12:26pm Feb 15, 2008 12:26pm
Quoting deboooo2005
Do anyone know why 1kt sign disapper from all 1kt Members ... strange ... my 1kt sign and all 1kt sign removed ... do anyone know any reason for this ....
does the 1kt sign make you feel superior to us?
i would not be asking this exactly on the gu forum but on the 1kt related ones.
  • #54,098
  • Feb 15, 2008 12:29pm Feb 15, 2008 12:29pm
Quoting salah k.
i hope ur corerct i sold big time.
i said "if they are bad", i even close my short from 1.9725 and the another i had on 1.9630...
of course if prices come bad, will short again...

any surprise can happen, if prices manage to come good, gu can skyrocket...
so beware duh
  • #54,099
  • Feb 15, 2008 12:41pm Feb 15, 2008 12:41pm
I learnt something today.....my lines were not in the right place..and it totally lead me to make the wrong decisions...
I see why its short now...silly me wasnt updating the lines ..no money lost at least as demo account
  • #54,100
  • Feb 15, 2008 12:47pm Feb 15, 2008 12:47pm
support at 550 be careful maybe will be bounce a litle
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