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Cable Update (GBPUSD)

  • #54,421
  • Feb 18, 2008 5:56am Feb 18, 2008 5:56am
Fundamentally why are we going down?
  • #54,422
  • Feb 18, 2008 6:05am Feb 18, 2008 6:05am
Quoting nAVIN2007
Fundamentally why are we going down?
Also want to know this.

And another question what other pairs have a great impact on this pair?
I always like to look at those pairs aswell to see what direction it is going.
  • #54,423
  • Feb 18, 2008 6:18am Feb 18, 2008 6:18am
Quoting derrekmay
Also want to know this.

And another question what other pairs have a great impact on this pair?
I always like to look at those pairs aswell to see what direction it is going.
i beleive since the euro is going down and now the UK prime minister is talking about northern rock.
so basically this northern rock crap is fundamentally scaring people away from pound.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,424
  • Feb 18, 2008 7:13am Feb 18, 2008 7:13am
bones u short m8?
  • #54,425
  • Feb 18, 2008 7:23am Feb 18, 2008 7:23am
I dont believe, that cable is able to fall more down today. Now it's retracing, then probably he will consolidate in range 19490 - 19525, then one more downfall, but not today.
  • #54,426
  • Feb 18, 2008 7:29am Feb 18, 2008 7:29am
Quoting sDRs
I dont believe, that cable is able to fall more down today. Now it's retracing, then probably he will consolidate in range 19490 - 19525, then one more downfall, but not today.
u know i was thinking the same thing but the 15 minute chart is showing negative divergence so they may be a heffy drop
  • #54,427
  • Feb 18, 2008 7:45am Feb 18, 2008 7:45am
Quoting nAVIN2007
lessy lessy lessy ...
nAVIN nAVIN nAVIN....:
Never Give Up.....
  • #54,428
  • Feb 18, 2008 7:54am Feb 18, 2008 7:54am
Quoting lessy
nAVIN nAVIN nAVIN....:
im to damn greedy i tried to buy on a dip and now it looks like we are going up..im about as mechanical as a pig in space oops i mean sell
  • #54,429
  • Feb 18, 2008 7:55am Feb 18, 2008 7:55am
now wat???????????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,430
  • Feb 18, 2008 7:57am Feb 18, 2008 7:57am
Looks like the end of the USA's export advantage

perhaps this dollar strength will deepen the US recession

which will increase the USD strength as a reserve currency ?

I think the nationalisation of Northern Rock does not mean the UK is slipping into communism and will have its government assassinated by the CIA - rather I think it shows a cool hand - the UK knows it will get all it's money back by holding and playing the long game. If it was in trouble it would sell the bank at any price

That m/m figure on UK housing is significant - I am off to the UK in 2 weeks to collect my house sale proceeds but I won't be buying USD with the cash as I think we will see the USD slipping again before the year is out.

I remind myself that a vote against GBP is a vote for the USD and I see nothing attractive about USD

This could be a buy situation for longer term traders

Shorters be careful not to give it back
  • #54,431
  • Feb 18, 2008 8:15am Feb 18, 2008 8:15am
Quoting nAVIN2007
im to damn greedy i tried to buy on a dip and now it looks like we are going up..im about as mechanical as a pig in space oops i mean sell
it happens all the time nAVIN......
very tempting... especially after we square and get some pips...
so.... better stick to the plan.... & get more dicipline...
it's not easy buddy.....
Never Give Up.....
  • #54,432
  • Feb 18, 2008 8:33am Feb 18, 2008 8:33am
Quoting allserene
Looks like the end of the USA's export advantage

perhaps this dollar strength will deepen the US recession

which will increase the USD strength as a reserve currency ?

I think the nationalisation of Northern Rock does not mean the UK is slipping into communism and will have its government assassinated by the CIA - rather I think it shows a cool hand - the UK knows it will get all it's money back by holding and playing the long game. If it was in trouble it would sell the bank at any price

That m/m figure on UK housing is significant - I am off to the UK in 2 weeks to collect my house sale proceeds but I won't be buying USD with the cash as I think we will see the USD slipping again before the year is out.

I remind myself that a vote against GBP is a vote for the USD and I see nothing attractive about USD

This could be a buy situation for longer term traders

Shorters be careful not to give it back
Between the two currencies, it's pretty ugly. Clearly "free markets" and "capitalism" has it drawbacks when people try to rip other people off. What a house of cards they have built.
  • #54,433
  • Feb 18, 2008 8:34am Feb 18, 2008 8:34am
down back

let see i hope touch 480 again
  • #54,434
  • Feb 18, 2008 8:42am Feb 18, 2008 8:42am
What the hell!!!!. many people i know in msn, and most named experts here in FF agreed to long gu, but got sl hit, whatever...
now i am long more aggressively and gu will give me back 4x times back what gu stole me .

personally i think this is a corretion after the euro selloff which drove down many pairs.

(also did not take something into account, for some reason where us market is closed, usd has tend to strenghtens, i bet americans are the biggest dumpers of their currency.)
  • #54,435
  • Feb 18, 2008 8:42am Feb 18, 2008 8:42am
Quoting X-CooL
down back

let see i hope touch 480 again
i don't think so...
run out of time buddy.. US market close...
good luck.....
Never Give Up.....
  • #54,436
  • Feb 18, 2008 8:55am Feb 18, 2008 8:55am
maybe this news has sparket some kind of gbp selloff.
(not just gu, gbp is weak against everything...)

Record numbers petition for their own bankruptcy (in England and Wales)

A record number of people in England and Wales asked to go bankrupt during 2007, the latest official Government figures have shown...
53,114 people petitioned to bankrupt themselves after being unable to keep up with their debts.
  • #54,437
  • Feb 18, 2008 9:08am Feb 18, 2008 9:08am
Quoting acidguy
maybe this news has sparket some kind of gbp selloff.
(not just gu, gbp is weak against everything...)

Record numbers petition for their own bankruptcy (in England and Wales)

A record number of people in England and Wales asked to go bankrupt during 2007, the latest official Government figures have shown...
53,114 people petitioned to bankrupt themselves after being unable to keep up with their debts.

ok now out of 60 million that means 59,946,886 or 99.9115% did not go bankrupt

It's old news from 2007 and the markets look forward

The people who get this right will make a fortune but they are the people who will make the markets go to where they want them and not us who are trying to guess their intentions from their deliberately false signals
  • #54,438
  • Feb 18, 2008 9:17am Feb 18, 2008 9:17am
Quoting allserene
ok now out of 60 million that means 59,946,886 or 99.9115% did not go bankrupt

It's old news from 2007 and the markets look forward

The people who get this right will make a fortune but they are the people who will make the markets go to where they want them and not us who are trying to guess their intentions from their deliberately false signals
uhmm not...

just received in my forex alers app. There is a fight in uk senate like cats and dogs and David Cameron just demanded pubicly the resignation of British Chancellor cause the northen rock scandal.

and chancellor replied back saying David Cameron was a monkey
  • #54,439
  • Feb 18, 2008 9:23am Feb 18, 2008 9:23am
i think we are on the way up! ..experts is the 4hr chart showing a bullish piercing pattern?
  • #54,440
  • Feb 18, 2008 9:26am Feb 18, 2008 9:26am
Quoting acidguy
uhmm not...

just received in my forex alers app. There is a fight in uk senate like cats and dogs and David Cameron just demanded pubicly the resignation of British Chancellor cause the northen rock scandal.

and chancellor replied back saying David Cameron was a monkey
That's normal - the government (tax payer) will make a fortune out of northern rock when it goes private in 2 years and the asset cover is 25% more than now...

I think Brown should apologise to all monkeys - especially the texas ones

ok now I think we know there is a 200 pip move up or down in the next week but I will be a monkey's uncle if I can tell which way it's going to go

Suppose we won't get a clue until the yankees are back at work after monkey day holiday
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