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Cable Update (GBPUSD)

  • #56,541
  • Feb 28, 2008 11:41am Feb 28, 2008 11:41am
Quoting bullrock
I did not want to offend you, really.
Its cool.

but im sure we'll see 2.0100 soon, friday has a load of news release.
And your mouth dropped
  • #56,542
  • Feb 28, 2008 11:42am Feb 28, 2008 11:42am
sDRs correct, Cable is having a pull back in a up trend, retested and bounced off 1.9900.

Don't try to pick when the trend will end.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,543
  • Feb 28, 2008 11:44am Feb 28, 2008 11:44am
Quoting makey2u
Its cool.

but im sure we'll see 2.0100 soon, friday has a load of news release.
Tommorow will be news for Uk, so cable is fu**ek up, also, did you saw, that one of news are released today instead of tomorrow
  • #56,544
  • Feb 28, 2008 11:47am Feb 28, 2008 11:47am
Quoting sDRs
Tommorow will be news for Uk, so cable is fu**ek up, also, did you saw, that one of news are released today instead of tomorrow
and the news released today shows that UK is f***ed up.
we still have Nationwide House Prices tomorrow its forecasted to the upside
any ideas about it?
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,545
  • Feb 28, 2008 11:56am Feb 28, 2008 11:56am
Quoting salah k.
and the news released today shows that UK is f***ed up.
we still have Nationwide House Prices tomorrow its forecasted to the upside
any ideas about it?

If she doesnt break 9970, we will see her take a huge dump. If she does we'll be seeing 2.0100 Cearly
And your mouth dropped
  • #56,546
  • Feb 28, 2008 12:02pm Feb 28, 2008 12:02pm
I need to agree with the UK being in a bad situation here, but in chart terms, 2.0050 is still a very possible target.

http://img408.imageshack.us/img408/3420/gbpdt7.png
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  • #56,547
  • Feb 28, 2008 12:12pm Feb 28, 2008 12:12pm
Still not getting any takers:

Almost everyone says the UK is in a bad position - but wont say why the US is in a better position

I have been asking this for 2 months now but nobody can answer it - so I wont ask again and assume its a blind prejudice against the GBP

the GBP can only be in a bad position if the USD is in a good one

the USD in a good position ? jeez Why is the USD to be preferred ? The Americans are having to use their underpants to wash the dishes and everyone on this forum says USD is where you put your money and sell GBP ...

ok well we will see in this race to the bottom - I will shut up now
  • #56,548
  • Feb 28, 2008 12:15pm Feb 28, 2008 12:15pm
Quoting salah k.
and the news released today shows that UK is f***ed up.
we still have Nationwide House Prices tomorrow its forecasted to the upside
any ideas about it?

I did tell u about this long ...are u in it?
  • #56,549
  • Feb 28, 2008 12:21pm Feb 28, 2008 12:21pm
Quoting allserene
Still not getting any takers:

Almost everyone says the UK is in a bad position - but wont say why the US is in a better position

I have been asking this for 2 months now but nobody can answer it - so I wont ask again and assume its a blind prejudice against the GBP

the GBP can only be in a bad position if the USD is in a good one

the USD in a good position ? jeez Why is the USD to be preferred ? The Americans are having to use their underpants to wash the dishes and everyone on this forum says USD is where you put your money and sell GBP ...

ok well we will see in this race to the bottom - I will shut up now
well said buddy ....and i giotta agree what the hell is abt US..there in a recession, housing market is screwed, making bombs for iraq, ecomony screwed but people still say gpd will sink..thats why funies confuse the hell out of me
  • #56,550
  • Feb 28, 2008 12:22pm Feb 28, 2008 12:22pm
Thats what they can't understand Allserene,

If GBP and USD are both equally as bad then over all the market will be flat.

It's equally as bad in the UK, after all we are just the 53rd state, but credit crisis wise / house prices we are 6-9months behind the USA, but following the USA's trend.

Which explains the last 6 - 9months of upward ish movement in the GBPUSD, know the bad news is filtering out of the UK it's.

I expect sideways in a 1000+ pip range, so 1.9500 - 2.0500 area depends on what news it's reacting to at the time.

But I'll also say who cares, trade what is happening at this minute focus on that as it's where your money is made or lost.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,551
  • Feb 28, 2008 12:28pm Feb 28, 2008 12:28pm
Quoting Turveyd
Thats what they can't understand Allserene,

If GBP and USD are both equally as bad then over all the market will be flat.

It's equally as bad in the UK, after all we are just the 53rd state, but credit crisis wise / house prices we are 6-9months behind the USA, but following the USA's trend.

Which explains the last 6 - 9months of upward ish movement in the GBPUSD, know the bad news is filtering out of the UK it's.

I expect sideways in a 1000+ pip range, so 1.9500 - 2.0500 area depends on what news it's reacting to at the time.

But I'll also say who cares, trade what is happening at this minute focus on that as it's where your money is made or lost.
That makes sense - if we say the 'normal' rate is 1.82, then the UK following the US down to where the US economy is now would mean cable at 1.82 by mid year and thats what the pundits predict. However, the US is not finished in it's decline - in fact it is accelerating down so really the differential 2.00-1.82 should be maintained..

All in all I wont short cable while the US bad news is accelerating
  • #56,552
  • Feb 28, 2008 12:28pm Feb 28, 2008 12:28pm
Quoting nAVIN2007
I did tell u about this long ...are u in it?
no my friend i wish i was.
i shorted at 9900 and the set loss was hit
no i dont know wat to do
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #56,553
  • Feb 28, 2008 12:33pm Feb 28, 2008 12:33pm
i'm awake...
the eyes still heavy....
2.0020 area.....here we come....
Never Give Up.....
  • #56,554
  • Feb 28, 2008 12:42pm Feb 28, 2008 12:42pm
Allserene, as the UK it trailing the USA 6-9months behind, this price range should hold, as both are getting worse, if we get to a point where the USA bottoms out and starts to improve and the UK is still to find it's bottom, thats when we could see, maybe 1.5000 again, in theory.

Salah K, brush yourself off, forget the loss ever happened ( if it's just a speed bump ), look at the charts and take your best guess again.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,555
  • Feb 28, 2008 12:44pm Feb 28, 2008 12:44pm
Quoting salah k.
no my friend i wish i was.
i shorted at 9900 and the set loss was hit
no i dont know wat to do

bro plz take it from me it really is all in the chart, dont go live till u feel comfortable otherwise i think yur going to lose yur account.....or get margin calls, u need more time. I have been on a demo for 3 months and still i dont think im ready. I still make stupid decisions and dont analyse my entery at all well....it will happen only after like bullrock said " screen time and hrs and hrs of trading" eventually by then we start making real money
  • #56,556
  • Feb 28, 2008 12:52pm Feb 28, 2008 12:52pm
Yep thats all you've / you can do to improve the trading, formulate a reasonable plan that makes sense to you, then just hours and hours and hours of screen time, without a plan though your just gambling and gamblers lose, be warned.

Trade at $1 per point until your profitable ( or less if possible )
Don't even put that at risk until your making money in a demo account.

And as no one knows the future, there are no bad decisions just decisions that didn't work out at that time, so don't worry to much about them, as long as over all your profitable and able to keep trading.

Despite losses yesterday, i feel like I've gotten my head around trading with the trend, so hopefully I'm nearly there.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,557
  • Feb 28, 2008 12:57pm Feb 28, 2008 12:57pm
I will start in april thou..otherwise i might never start ..
  • #56,558
  • Feb 28, 2008 1:03pm Feb 28, 2008 1:03pm
Likely be End of March / early April before I sort out the extra funds I want and kick this thing up a notch or 5.

Race you till the Mil ££'s Navin

No desires on the Mil, would be nice, but plan is to take a reasonable monthly wage ie £1500 GBP per month, 3months out would be nice to start getting that, 6months would do, anything more and I've got cash flow worries
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56,559
  • Feb 28, 2008 1:06pm Feb 28, 2008 1:06pm
Quoting Turveyd
Likely be End of March / early April before I sort out the extra funds I want and kick this thing up a notch or 5.

Race you till the Mil ££'s Navin

No desires on the Mil, would be nice, but plan is to take a reasonable monthly wage ie £1500 GBP per month, 3months out would be nice to start getting that, 6months would do, anything more and I've got cash flow worries
sounds good to me! ......
  • #56,560
  • Feb 28, 2008 1:32pm Feb 28, 2008 1:32pm
Quoting salah k.
no my friend i wish i was.
i shorted at 9900 and the set loss was hit
no i dont know wat to do
what you need is a set and forget trading system, your in the market too much.
If I Go Broke Trying Then I Will die happy.
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