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Cable Update (GBPUSD)

  • #55,481
  • Feb 22, 2008 10:55am Feb 22, 2008 10:55am
You say that Nav but take you for instance ,I know full well you have been advised by the better half of this thread to trade higher time frames yet you are still messing about in 15 min? do you think you are open to learn or are you going to learn the hard way?
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #55,482
  • Feb 22, 2008 11:04am Feb 22, 2008 11:04am
covered ahead of next week's GDP, will drop futher but im not a gambler.
  • #55,483
  • Feb 22, 2008 11:04am Feb 22, 2008 11:04am
Quoting Bones
You say that Nav but take you for instance ,I know full well you have been advised by the better half of this thread to trade higher time frames yet you are still messing about in 15 min? do you think you are open to learn or are you going to learn the hard way?
learning something doesnt always mean sticking to it in our actions. but it means the next time we take an action we take it knowing fully well all the different perspectives
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,484
  • Feb 22, 2008 11:09am Feb 22, 2008 11:09am
Quoting Bones
You say that Nav but take you for instance ,I know full well you have been advised by the better half of this thread to trade higher time frames yet you are still messing about in 15 min? do you think you are open to learn or are you going to learn the hard way?

You know what, you are the teacher here, but the problem is I usually ignore my teachers. Congratulations you are in my ignore list. Enjoy it and say hi to whom are there ok..
  • #55,485
  • Feb 22, 2008 11:10am Feb 22, 2008 11:10am
wohohoho this pair has been given plenty +++++ pips lately....

3 weeks on a row and the game continues, short for targeting 1,94 on next weeek, as gu strenght has been driven mainly cause discounts in retail sales but not real uk economy strenght.

but anyway, find u/chf case most interesting, wave correction has been completed.
put a long targeting 110 at any pont next week and forget
(this pair shall rise to about 115 soon.)
  • #55,486
  • Feb 22, 2008 11:11am Feb 22, 2008 11:11am
Where is that "Correction/Profit taking" everyone is waiting for. Not yet I guess.
Never Trade without a defined risk, never, never, never.
  • #55,487
  • Feb 22, 2008 11:19am Feb 22, 2008 11:19am
Quoting acidguy
wohohoho this pair has been given plenty +++++ pips lately....

3 weeks on a row and the game continues, short for targeting 1,94 on next weeek, as gu strenght has been driven mainly cause discounts in retail sales but not real uk economy strenght.

but anyway, find u/chf case most interesting, wave correction has been completed.
put a long targeting 110 at any pont next week and forget
(this pair shall rise to about 115 soon.)
the only reason for high retail sales was a low pound value.
right wrong ??????

any feedback would b gr8?
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,488
  • Feb 22, 2008 11:22am Feb 22, 2008 11:22am
Sooner or later, everyone will dance with the reaper.
Humble Lifetime Member
  • #55,489
  • Feb 22, 2008 11:27am Feb 22, 2008 11:27am
Quoting Ash
Sooner or later, everyone will dance with the reaper.
Not when you're, wait for it, wait for it, not when you're SHONG!!
Patience + Humility + Study = Success
  • #55,490
  • Feb 22, 2008 11:29am Feb 22, 2008 11:29am
Quoting DutchTrader
Not when you're, wait for it, wait for it, not when you're SHONG!!
legen wait for it wait for it daryyyyyyyyyyyyyyyyyyy






funny dude
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,491
  • Feb 22, 2008 11:34am Feb 22, 2008 11:34am
well im still long,looks like its building for next push to me
target 1.9730
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #55,492
  • Feb 22, 2008 11:34am Feb 22, 2008 11:34am
Quoting salah k.
the only reason for high retail sales was a low pound value.
right wrong ??????

any feedback would b gr8?
many people say, oh the pound has lost lot of value and that stuff, but if you watch carefully pound rate of movement, the pound has lost almost nothing against the dollar.
the thing is if the Bush package plan manages to work the $ could strenghten and send gu even more down.

gu recovered cause some "investors" think uk economy is getting out of the woods by that report, + the sunday housing prices increase.
but in my opinion, that is not trend, is just a bounce, even some boe member are discussing between 0.50%, 0.25% rate cuts cause the stresses on the economy, especially housing sector and consumers debt.

true, they care about inflation but they say its going to be controlled just by slowing demand. so pound has just much room to lose.

but hope more usd weakness could lead us at least 1.98 to put a big short.
if not. i am short at 1.9670 tp 1.94 next week.
  • #55,493
  • Feb 22, 2008 11:40am Feb 22, 2008 11:40am
Quoting acidguy
many people say, oh the pound has lost lot of value and that stuff, but if you watch carefully pound rate of movement, the pound has lost almost nothing against the dollar.
the thing is if the Bush package plan manages to work the $ could strenghten and send gu even more down.

gu recovered cause some "investors" think uk economy is getting out of the woods by that report, + the sunday housing prices increase.
but in my opinion, that is not trend, is just a bounce, even some boe member are discussing between 0.50%, 0.25% rate cuts cause the stresses on the economy, especially housing sector and consumers debt.

true, they care about inflation but they say its going to be controlled just by slowing demand. so pound has just much room to lose.

but hope more usd weakness could lead us at least 1.98 to put a big short.
if not. i am short at 1.9670 tp 1.94 next week.
thnx for the insight but i hear that the rate cut will probably be 50 bps to prevent more expansion of their problems.

thnx again im short at 19698 looking for that 9400.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,494
  • Edited 12:29pm Feb 22, 2008 11:44am | Edited 12:29pm
Quoting salah k.
learning something doesnt always mean sticking to it in our actions. but it means the next time we take an action we take it knowing fully well all the different perspectives
No man you are making a mistake on the TF full stop
As I’ve said before it is exactly the same mistake I have made in the past. But I can tell you when someone actually told me this here on FF ,I stopped immediately
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #55,495
  • Feb 22, 2008 11:45am Feb 22, 2008 11:45am
Quoting salah k.
the only reason for high retail sales was a low pound value.
right wrong ??????

any feedback would b gr8?
We would have to examine the unit volume sales to establish that - and even if unit volumes were constant, the reasons for unit price hikes could be for all sorts of reasons.
Certainly crude oil would cost more in GBP as it is dollar based, but for Euro based products in a short time scale like a month or two, importers tend to keep the domestic price steady - especially where there is domestic competition

Jaguar cars don't immediately increase their price in the US when the dollar slips and China doesn't seem to increase it's prices at all

Its far more likely that the Brits are simply spending more - and why not ? the economy is doing great in comparison and the average householder has made hundreds of thousands of dollars profit on their houses (unlike the US) , even with a 5 or 10 or 20% fall in their current value

I don't know where this bleak picture of the UK is coming from - I think a misunderstanding of the Northern Rock thing is behind it

Compare UK jobs to anywhere else in Europe and you will see what I mean
  • #55,496
  • Feb 22, 2008 11:47am Feb 22, 2008 11:47am
Quoting Bones
No man you are making a mistake on the TF full stop
As I’ve said before it is exactly the same mistake I have made in the past. But I can tell you when someone actually told me this here on FF is ,I stopped immediately
i know u r perfectly correct about the time frame but i mean im planning to open a real account of 1000$ soon like next week and i cant rely on long time frames.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #55,497
  • Feb 22, 2008 11:54am Feb 22, 2008 11:54am
Quoting DutchTrader
Not when you're, wait for it, wait for it, not when you're SHONG!!

True but I was giving a head's up warning.
Humble Lifetime Member
  • #55,498
  • Feb 22, 2008 11:57am Feb 22, 2008 11:57am
Quoting Bones
You say that Nav but take you for instance ,I know full well you have been advised by the better half of this thread to trade higher time frames yet you are still messing about in 15 min? do you think you are open to learn or are you going to learn the hard way?
I always use the daily chart to make my analysis but today i actually didnt want place a trade for the day...i wanted just to make a small 15 pips or so, just to see.
I also want to add its great to trade large time frames but its great to also develop scapling techniques....im learning and developing my all my skills so i can trade regardless of market conditions. Believe u me..i learn quick and every1 in here i see as a learning aid, especially u
  • #55,499
  • Feb 22, 2008 12:01pm Feb 22, 2008 12:01pm
Quoting nAVIN2007
I always use the daily chart to make my analysis but today i actually didnt want place a trade for the day...i wanted just to make a small 15 pips or so, just to see.

I also want to add its great to trade large time frames but its great to also develop scapling techniques....im learning and developing my all my skills so i can trade regardless of market conditions. Believe u me..i learn quick and every1 in here i see as a learning aid, especially u
I had to learn how to trade on higher TF' to learn how to scalp in this market. I'd prefer to trade on the higher TF's, more rewarding and less stressful.
Humble Lifetime Member
  • #55,500
  • Feb 22, 2008 12:01pm Feb 22, 2008 12:01pm
cable seems to b gaining bearish momentum
"what doesn't bankrupt me, makes me stronger" modern nietzche
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