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Cable Update (GBPUSD)

  • #54,801
  • Feb 19, 2008 12:35pm Feb 19, 2008 12:35pm
Quoting nAVIN2007
I realise its a monthly and it a long time frame but we are also approaching towards middle of month and its one of things i want to see where we end up cause that candle formation suggests a bullish action
we will probably go down a little further and possible to bounce back up, ofcourse we need confirmation of this.

right now im short as we broke through the fib level
tp 1.9475
thnx for the explanation i'll keep an eye for ur point because ive never tried it be4.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,802
  • Feb 19, 2008 12:43pm Feb 19, 2008 12:43pm
Hit my tight trailing stop, got 11 pips. Probably gonna continue down, but I won't enter again now. More money not earned is not money lost, nice pips to me
On the path to Enrichment.
  • #54,803
  • Feb 19, 2008 12:52pm Feb 19, 2008 12:52pm
i got out of position already as im really not sure where this is going thx god i made back the spread at least
  • #54,804
  • Feb 19, 2008 1:08pm Feb 19, 2008 1:08pm
anyone keeping an eye on stochastic 1hr chart at the moment?
  • #54,805
  • Feb 19, 2008 1:20pm Feb 19, 2008 1:20pm
Quoting Genics
anyone keeping an eye on stochastic 1hr chart at the moment?
what are the parameters u use
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,806
  • Feb 19, 2008 1:36pm Feb 19, 2008 1:36pm
technically the trend is still lower ............. but exactly what it will do the rest of the week is the question. Will the technicals win out in the end of the day or fundamentals? IMO
  • #54,807
  • Feb 19, 2008 2:13pm Feb 19, 2008 2:13pm
were to cable?
talk to me
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,808
  • Feb 19, 2008 2:20pm Feb 19, 2008 2:20pm
I'm long at 492 (that 4 pip spread is FAT..) hedge at 472. Targeting 510-520 but will move with tight trailing stop.
On the path to Enrichment.
  • #54,809
  • Feb 19, 2008 2:21pm Feb 19, 2008 2:21pm
http://www.forexfactory.com/images/m...act_medium.gif MPC Member Barker Speaks


House prices would then be further at risk, she added.

'The consequent adverse impact on growth could prove difficult to turn around quickly, potentially resulting in a protracted period of low output growth and below target inflation,' she said.

Barker said there are already 'clear signs' of a marked weakening in the commercial and residential property markets, which could become much worse if lenders' difficulties in borrowing on the wholesale market continue.

She also noted that it is more likely than not that CPI inflation will rise above 3 pct in the near-term - meaning BoE governor Mervyn King would have to write a letter of explanation to Chancellor of the Exchequer Alistair Darling.

However she added that 'not too much significance' should be attached to this, noting there is little monetary policy can do to stop the current uptick in pricing pressures caused by rising energy bills.

'The real concern is whether this renewed bout of inflation well above target could spark off a lasting rise in inflation expectations that posed a serious risk to keeping CPI inflation on target,' she said.

Concern about above-target inflation has not stopped the MPC cutting rates so far. Two weeks ago, the MPC cut its benchmark Bank Rate a quarter point for the second time in this easing cycle to 5.25 pct even though CPI inflation was above the 2.0 pct target and forecast to go even higher.

On a more optimistic note Barker noted that the recent fall in the value of sterling means that even if the domestic economy slows, exports should be supported, lending support to business investment.
  • #54,810
  • Feb 19, 2008 2:28pm Feb 19, 2008 2:28pm
Quoting salah k.
were to cable?
talk to me
i think thats anyones guess, could break either way! alot of indecision going on in the price at the moment. doubt we will know where its going untill europe opens for business.
  • #54,811
  • Feb 19, 2008 2:31pm Feb 19, 2008 2:31pm
The pair have been acting up today. right now -21 pips. The support level at 1.9475 is very strong and i dont think it will be broken again in this section. i think we found a bottom at 1.9475.

if you notice it look like we created a decending triangle with a very strong bottom at 1.9475

right now my order is as follows

entry: 1.9507
sl: 1.9450
tp:1.9600
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #54,812
  • Feb 19, 2008 2:57pm Feb 19, 2008 2:57pm
The Trend Is Maintained Bearish. Of Time By The Slow Market Activity. To The Opening Of The European Market. Tobogan By Which Will The Cable . If You Want To Collect Entry Into 19505 With Stop In 19600. The Thing This Week Will 1.92.
  • #54,813
  • Feb 19, 2008 2:58pm Feb 19, 2008 2:58pm
I just entered a short i think theres a perfect head n shoulders pattern perfect retracements to 61.8 it could lead to sharp drop which is what im thinking...any idea see daily chart..
  • #54,814
  • Feb 19, 2008 3:13pm Feb 19, 2008 3:13pm
Quoting got pips?
The pair have been acting up today. right now -21 pips. The support level at 1.9475 is very strong and i dont think it will be broken again in this section. i think we found a bottom at 1.9475.

if you notice it look like we created a decending triangle with a very strong bottom at 1.9475

right now my order is as follows

entry: 1.9507
sl: 1.9450
tp:1.9600
I like your style - not many people come clean like this and state their positions so clearly.

its 94.82 right now but it doesnt look like a bottom so I will stay out just a little longer before going long

I dont believe this 1.82 and 1.70 stuff while the UK has such stubborn inflation and house prices are not going to totally collapse like some parts of the US - I will use sl's at this point though !
  • #54,815
  • Feb 19, 2008 3:18pm Feb 19, 2008 3:18pm
Quoting allserene
I like your style - not many people come clean like this and state their positions so clearly.

its 94.82 right now but it doesnt look like a bottom so I will stay out just a little longer before going long

I dont believe this 1.82 and 1.70 stuff while the UK has such stubborn inflation and house prices are not going to totally collapse like some parts of the US - I will use sl's at this point though !
Im planning to buy a house infact looking at the moment but im not sure whether house prices are going to drop by a significant amount...what advise would u give on this? ...sry to go off topic
  • #54,816
  • Feb 19, 2008 3:30pm Feb 19, 2008 3:30pm
Quoting nAVIN2007
Im planning to buy a house infact looking at the moment but im not sure whether house prices are going to drop by a significant amount...what advise would u give on this? ...sry to go off topic
just sold my house near Leeds (the nice part !)

I had to take a lot less than the peak of the market but I am happy with it - I am going to use the dosh to buy most of Florida if I can get 1.98 on the forex soon

As long as the uk jobs market is ok then I don't see house prices going down all that much more in most parts because there is no room in the uk and there is huge immigration.

Half the immigrants in the US are sleeping in their vans but uk has an open door policy with the EU so they are legals mostly

If jobs slip much then anything could happen - like the early 90's.

In 1996 I sold a nice five bed triple garage stone built house (built in 1725) and in the country - for £118k !!! it was awful then the market turned in 3 weeks

I would buy now but settle at no more than 85 to 90% of current asking

price - if they take less than that then its a dog or the neighbours are homicidal maniacs
  • #54,817
  • Feb 19, 2008 3:33pm Feb 19, 2008 3:33pm
Quoting allserene
just sold my house near Leeds (the nice part !)

I had to take a lot less than the peak of the market but I am happy with it - I am going to use the dosh to buy most of Florida if I can get 1.98 on the forex soon

As long as the uk jobs market is ok then I don't see house prices going down all that much more in most parts because there is no room in the uk and there is huge immigration.

Half the immigrants in the US are sleeping in their vans but uk has an open door policy with the EU so they are legals mostly

If jobs slip much then anything could happen - like the early 90's.

In 1996 I sold a nice five bed triple garage stone built house (built in 1725) and in the country - for £118k !!! it was awful then the market turned in 3 weeks

I would buy now but settle at no more than 85 to 90% of current asking

price - if they take less than that then its a dog or the neighbours are homicidal maniacs
do u mean black wednesday??????
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #54,818
  • Feb 19, 2008 3:39pm Feb 19, 2008 3:39pm
I have sold all of my properties.
1. The investments bring more.
2. The mortgage is a lot more expensive then renting (counting in the years I am paying the interest, etc etc)
3. It is an illusion then you make money on the property that is actually the roof of your family. If you move then the house prices doesnt really matter really, if you move in the same size house. (Usually you need a bigger.) If you get a second mortgage to "cash in" the equity increase then really you just get in a bigger problem. The only time you can have a gain if you own 2+ number of properties and IF you have reliable tenants. etc etc etc.
I just stick with FX....from my cave...
.
  • #54,819
  • Feb 19, 2008 3:39pm Feb 19, 2008 3:39pm
Quoting allserene
just sold my house near Leeds (the nice part !)



I would buy now but settle at no more than 85 to 90% of current asking

price - if they take less than that then its a dog or the neighbours are homicidal maniacs
thx man! ..i will do just that...glad u finally sold the property
  • #54,820
  • Feb 19, 2008 3:43pm Feb 19, 2008 3:43pm
Quoting bullrock
I have sold all of my properties.
1. The investments bring more.
2. The mortgage is a lot more expensive then renting (counting in the years I am paying the interest, etc etc)
3. It is an illusion then you make money on the property that is actually the roof of your family. If you move then the house prices doesnt really matter really, if you move in the same size house. (Usually you need a bigger.) If you get a second mortgage to "cash in" the equity increase then really you just get in a bigger problem. The only time you can have a gain if you own 2+ number of properties and IF you have reliable tenants. etc etc etc.
I just stick with FX....from my cave...
I hear u! ...Im hoping one day forex will be my investment, still im getting there, ive come a long way in 3 months..
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