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Cable Update (GBPUSD)

  • #56,241
  • Feb 27, 2008 6:54am Feb 27, 2008 6:54am
opps posted that again was doing a typo on a number
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #56,242
  • Feb 27, 2008 7:04am Feb 27, 2008 7:04am
1.9851 5 LOT MORE LONG before NEWs now just weit and wach both targets 1,9985
ITS MY LAST CALL LONG U ALL
  • #56,243
  • Feb 27, 2008 7:04am Feb 27, 2008 7:04am
Hi,

My tuppence worth on cable - the major banks have come out with better than expected results, and yesterday the stock market pundits said the market had over-reacted to the credit crunch and speculated that northern rock was the only bank to be caught up on the sub-prime fiasco. Today there is a rumour that another bank has approached the bank of england, which negates yesterday's confidence in the £. Whether the rumour is true or not who knows.
  • #56,244
  • Feb 27, 2008 7:12am Feb 27, 2008 7:12am
Quoting annieb
Hi,

My tuppence worth on cable - the major banks have come out with better than expected results, and yesterday the stock market pundits said the market had over-reacted to the credit crunch and speculated that northern rock was the only bank to be caught up on the sub-prime fiasco. Today there is a rumour that another bank has approached the bank of england, which negates yesterday's confidence in the £. Whether the rumour is true or not who knows.
need to provide the source for your information or this is illegal ramping!!
  • #56,245
  • Feb 27, 2008 7:15am Feb 27, 2008 7:15am
on the TV in the UK.
  • #56,246
  • Feb 27, 2008 7:19am Feb 27, 2008 7:19am
Thats why alliance and leicester is offering 10% interest rate, they want people to give them cash that much there prepared to pay through the nose to get it.

Repossesions are up and increasing, just need the house prices to drop so the banks still take a huge hit upon repossing.

But as long as the market has defined moves which I can semi profit from then I'm happy
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,247
  • Feb 27, 2008 7:25am Feb 27, 2008 7:25am
significant weakness shown on all commodities and on DOW
lets if it affects currencies
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,248
  • Feb 27, 2008 7:42am Feb 27, 2008 7:42am
short opened @880 - target 790 (4hr 12 ema)
  • #56,249
  • Feb 27, 2008 7:44am Feb 27, 2008 7:44am
so where do people think we are going today up or down?
  • #56,250
  • Feb 27, 2008 7:47am Feb 27, 2008 7:47am
Quoting FXdaily
1.9851 5 LOT MORE LONG before NEWs now just weit and wach both targets 1,9985
ITS MY LAST CALL LONG U ALL
how much time must we wait?
  • #56,251
  • Feb 27, 2008 7:53am Feb 27, 2008 7:53am
Quoting nAVIN2007
so where do people think we are going today up or down?
preffer to go up nAV...
technically, H4 MA still pointing up....

omg... news has revised...
Never Give Up.....
  • #56,252
  • Feb 27, 2008 7:53am Feb 27, 2008 7:53am
rough ride down until bernanke comes to the recue.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,253
  • Feb 27, 2008 7:59am Feb 27, 2008 7:59am
Based on the fact that the dollar has actually gained despite fairly negative news, I believe it is more likely the pound will continue down. Even if Bernanke's speech and housing data are negative towards the dollar, I believe the dollar will gain on the pound today because previous negative news didn't lead to a rally. Everyone in the US is bearish the dollar so negative news won't move the market much. However positive news could lead to a large gain for the dollar.

Also consider Great Britain just had its biggest earthquake in 15 years, protesters were able to break into Parliament over expanding an airport, and there are rumors about more problems with British banks. None of this is good news for the pound.

Also, the pound/dollar peaked at a previous high which coincidentally is the 1.618 extension of the last decline.

There is always the possibility the pound/dollar could rise, but I think the it is more likely the pound will go down. I also believe the downside move could be much larger than an upside move.
  • #56,254
  • Feb 27, 2008 8:00am Feb 27, 2008 8:00am
Quoting lessy
preffer to go up nAV...
technically, H4 MA still pointing up....

omg... news has revised...
lessy lessy lessy ...4hr chart got a bearish engulfing pattern right on a resistance line, daily got a inverted hammer ..its going down bro

just a view between friends...
  • #56,255
  • Feb 27, 2008 8:00am Feb 27, 2008 8:00am
i am thinking to open a DEMO account and come to forums and scream 10 lot + 10 lot up or down last calllllll come on come on 10 lot no 100 lot its better!
its very easy belive me you can test it !
  • #56,256
  • Feb 27, 2008 8:01am Feb 27, 2008 8:01am
Hey bro dont listen to anyone's call, i remember yesterday you were posting that you lost some significant amount of money so just see on your chart and think what they are saying and then long or short. thanks
Quoting tetis
how much time must we wait?
  • #56,257
  • Feb 27, 2008 8:03am Feb 27, 2008 8:03am
Quoting Scwt34
Based on the fact that the dollar has actually gained despite fairly negative news, I believe it is more likely the pound will continue down. Even if Bernanke's speech and housing data are negative towards the dollar, I believe the dollar will gain on the pound today because previous negative news didn't lead to a rally. Everyone in the US is bearish the dollar so negative news won't move the market much. However positive news could lead to a large gain for the dollar.

Also consider Great Britain just had its biggest earthquake in 15 years, protesters were able to break into Parliament over expanding an airport, and their are rumors about more problems with British banks. None of this is good news for the pound.

Also, the pound/dollar peaked at a previous high which coincidentally is the 1.618 extension of the last decline.

There is always the possibility the pound/dollar could rise, but I think the it is more likely the pound will go down. I also believe the downside move could be much larger than an upside move.
good job..cnbc would be proud
  • #56,258
  • Feb 27, 2008 8:05am Feb 27, 2008 8:05am
Easy to flip $100 per pip in a demo account, either blow the account or triple it over night, if you blow it start a new 1 forget it happened, if you triple it boast for ever more.

Try it!!

Sadly FXCM won't let me have saved positions of my account value LOL Or cancel all my losing trades!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,259
  • Feb 27, 2008 8:06am Feb 27, 2008 8:06am
Quoting kenneith
Hey bro dont listen to anyone's call, i remember yesterday you were posting that you lost some significant amount of money so just see on your chart and think what they are saying and then long or short. thanks
yes Bro i lose 7500$ yesterday because I didnt put S/l and went out and i am not sorry because i trade Real and even if i am a loser i am not ashamed to tell it , but when you are here and want to hear other opinion some body came and scream last call .....
  • #56,260
  • Feb 27, 2008 8:09am Feb 27, 2008 8:09am
Quoting nAVIN2007
lessy lessy lessy ...4hr chart got a bearish engulfing pattern right on a resistance line, daily got a inverted hammer ..its going down bro

just a view between friends...
you right 'bout engulfing...
but not 'bout inverted in daily...
the daily candle hasn't closed yet... so i can't say it inverted..buddy...
let's see.... after all i don't do anything today... just watching...
Never Give Up.....
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