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Cable Update (GBPUSD)

  • #55,161
  • Feb 21, 2008 8:40am Feb 21, 2008 8:40am
Quoting Pipfox
@ Malaysia

Hi, What was last weeks lesson by Jacobtrader. I caught the Cable lesson, was it different?
Were you in the same session with me? I was using nick SHAMX... discussed about CABLE and GEPPY.... about the BEARISH SIGNALS.... Did Catch almost all the BEARISH pips when CABLE and GEPPY tumble down from Monday to Wednesday. That was a good discussion ... and a profitable one too
  • #55,162
  • Feb 21, 2008 8:41am Feb 21, 2008 8:41am
Quoting jimo
i opend short 9575 its too risky
but i want risk
wats ur tp
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,163
  • Feb 21, 2008 8:46am Feb 21, 2008 8:46am
Quoting Ash
No more rate cuts on the horizon. Not after today's numbers.
i dont think on retail sales number will change the decision plus the retail sales increase is probably due to the decrease in the value of the pound.
but to be sure of no rate cuts we have to look at the credit crunch because the rate cut is practically to solve it.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,164
  • Feb 21, 2008 8:48am Feb 21, 2008 8:48am
Quoting salah k.
wats ur tp
for small profits 9550
  • #55,165
  • Feb 21, 2008 8:49am Feb 21, 2008 8:49am
Quoting salah k.
i dont think on retail sales number will change the decision plus the retail sales increase is probably due to the decrease in the value of the pound.

but to be sure of no rate cuts we have to look at the credit crunch because the rate cut is practically to solve it.
What credit crunch? British consumers spending like no tommorrow. Retail sales 0.8%. I don't see any credit crunch in the UK. Maybe a housing slow down but no credit crunch.
Humble Lifetime Member
  • #55,166
  • Feb 21, 2008 8:50am Feb 21, 2008 8:50am
Quoting Ash
Ladies and Gentleman,

Please read carefully. BullRock stated "Long Term Account".

Long Term, it will go back up.

Thank you for your attention. You may now resume trading.
still not agree - LONG term should be down technically which is 100% correct technically cable should go down -

eur usd long term DOWN

fundaymentally really i dont know but fundamentally and technically both
going together so hopefully anytime news will come and cable Push much down according to technically
  • #55,167
  • Feb 21, 2008 8:51am Feb 21, 2008 8:51am
sl 9600
  • #55,168
  • Feb 21, 2008 8:52am Feb 21, 2008 8:52am
Yep, I know all that. But you do not know in the case of GU.
I have very tight SLs. So should be alright.
.
  • #55,169
  • Feb 21, 2008 8:54am Feb 21, 2008 8:54am
Quoting Designer1
still not agree - LONG term should be down technically which is 100% correct technically cable should go down -

eur usd long term DOWN

fundaymentally really i dont know but fundamentally and technically both
going together so hopefully anytime news will come and cable Push much down according to technically
Sorry for the confusion. Let me clarify. As long as there is an interest % differential, GU will be going up. For now it is down, but will eventually go up. For long term investors don't care what the price is. As long as they get paid the interest. Intra-day traders are more concerned with the day to day, min to min price movements.
Humble Lifetime Member
  • #55,170
  • Edited 9:13am Feb 21, 2008 9:01am | Edited 9:13am
Quoting Ash
What credit crunch? British consumers spending like no tommorrow. Retail sales 0.8%. I don't see any credit crunch in the UK. Maybe a housing slow down but no credit crunch.
I agree - this northern rock fiasco has the world believing the UK is finished and that fits a lot of post-colonial fantasies.
When you look at all the positive figures I will back the Uk economy right now.. The Brits are more rabid spenders than the US and have a history of big inflation...

We have the BOE writing letters to explain why inflation is getting out of hand and these high retail figures confirm it (1 month's exchange rate has no influence)

As long as jobs dont slip then Uk rates will whup US rates and the US isnt totally dead,so the 'safe currency' rubbish will not hold USD up

The next president will be a war spending President or a high public spending president - either way the US is going to spend public funds and either taxes go up or borrowing does - long term the USD is a dead duck

last week I would have backed that judgement - this week I ignore all but technicals
  • #55,171
  • Feb 21, 2008 9:05am Feb 21, 2008 9:05am
@ malaysia

Is there anywhere i can get the info on the cable/geppy bearish signals?
The customer is always right!
  • #55,172
  • Feb 21, 2008 9:08am Feb 21, 2008 9:08am
Quoting Ash
Sorry for the confusion. Let me clarify. As long as there is an interest % differential, GU will be going up. For now it is down, but will eventually go up. For long term investors don't care what the price is. As long as they get paid the interest. Intra-day traders are more concerned with the day to day, min to min price movements.
if you do long term right now price is 9575 arround

if its hit 9200 can't Stop loss reach in long term?

better to wait to see GU go down
  • #55,173
  • Feb 21, 2008 9:12am Feb 21, 2008 9:12am
Quoting Pipfox
@ malaysia

Is there anywhere i can get the info on the cable/geppy bearish signals?
Heavy discussion about Cable and Geppy together in MALAYSIA thread. In this thread also you'll find good info. Just don't follow blindly. Do your own analysis and make a comparison to gain EXPERIENCES. Learn from others strength and weaknesses.
  • #55,174
  • Feb 21, 2008 9:14am Feb 21, 2008 9:14am
Quoting Designer1
if you do long term right now price is 9575 arround

if its hit 9200 can't Stop loss reach in long term?

better to wait to see GU go down
I don't think I understand your question. For long term investors that buy hundreds of millions and billions of a currency on a long term basis, they do not have leverage. For them, it is 1:1, so if a price moves 10 cents against them, not that big of a deal. To give you an idea, 1 billion GJ long, equates to roughly about 300K daily in interest. I don't have the figures off hand for GU. When I do, I'll PM them to you.
Humble Lifetime Member
  • #55,175
  • Feb 21, 2008 9:14am Feb 21, 2008 9:14am
close my short taking 20 points, all adds up!
  • #55,176
  • Feb 21, 2008 9:15am Feb 21, 2008 9:15am
@ Malaysia

Thanks, i was really after the analysis from the Jacobtrader session, is there a summary anywhere. I will also read the Malaysia thread.
The customer is always right!
  • #55,177
  • Feb 21, 2008 9:16am Feb 21, 2008 9:16am
Quoting Genics
close my short taking 20 points, all adds up!
chicken 1 (just joking )


wow that philly fed was some figure though so perhaps the gbp can get some steam up
  • #55,178
  • Feb 21, 2008 9:17am Feb 21, 2008 9:17am
Quoting Malaysia
I just SHORTED exactly at 61.8% Fibbo.... SCALPING for possible price correction from the surge UP This kind of trade very RISKY since it's against the momentum.

Safer side... BUY FROM DIP if Cable stays above the Daily Pivot (US Session)... Patience is needed. Might Break the Channel Resistance. If Fail to break it.... I'll be Lucky of Shorting from Top. I'll place a tight SL.

Placing SL at BE... and TP at a few pips above 38.2% Fibbo retracement (around Pivot Point).

Got to SLEEP now... almost midnight here in MALAYSIA.

Nite nite everyone... See ya la'er alliga'or!!!
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  • #55,179
  • Feb 21, 2008 9:18am Feb 21, 2008 9:18am
Quoting allserene
I agree - this northern rock fiasco has the world believing the UK is finished and that fits a lot of post-colonial fantasies.
When you look at all the positive figures I will back the Uk economy right now.. The Brits are more rabid spenders than the US and have a history of big inflation...

We have the BOE writing letters to explain why inflation is getting out of hand and these high retail figures confirm it (1 month's exchange rate has no influence)

As long as jobs dont slip then Uk rates will whup US rates and the US isnt totally dead,so the 'safe currency' rubbish will not hold USD up

The next president will be a war spending President or a high public spending president - either way the US is going to spend public funds and either taxes go up or borrowing does - long term the USD is a dead duck

last week I would have backed that judgement - this week I ignore all but technicals
You have give credit to the British Public. From bombings during WWII, to the high inflation and high valued British pound of the 70's. They have weathered many storms before and will get through this one.

As far as jobs are concerned, I don't see a shortage of jobs only job seekers.
Humble Lifetime Member
  • #55,180
  • Feb 21, 2008 9:19am Feb 21, 2008 9:19am
Quoting allserene
chicken 1 (just joking )


wow that philly fed was some figure though so perhaps the gbp can get some steam up

lol, i dont look for huge point gains, 20pips a day works out nicely for me and will do for the day.
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