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Cable Update (GBPUSD)

  • #59,501
  • Mar 26, 2008 5:08am Mar 26, 2008 5:08am
next time you keep your mouth shut, ok im so so sorry
If I Go Broke Trying Then I Will die happy.
  • #59,502
  • Mar 26, 2008 5:08am Mar 26, 2008 5:08am
Quoting salah k.
thnx for clearing that up

i have one more question though

u said US is in worse shape and i agree with that 100% but i have to ask u didnt it reach its bottom already.

i mean how low can it further go. whereas UK is just starting to.

so it would make much more sense to stay away from cable and go to dollar.
as in buy low sell high system.

I am telling u this and i have a long on cable since 19853.( so i am not bias i am just trying to learn)
dollar is not strong and will not strengthen as such, its the fact that EURO STERLING is at its highs for years trading 0.7850 EURO DOLLAR is at all time highs so the dollar is weak, cable trading and direction is guiding to a certain degree by the change in EURO sterling,
Trading is 80% Emotional, 20% Technical
  • #59,503
  • Mar 26, 2008 5:10am Mar 26, 2008 5:10am
Quoting salah k.
thnx for clearing that up

i have one more question though

u said US is in worse shape and i agree with that 100% but i have to ask u didnt it reach its bottom already.

i mean how low can it further go. whereas UK is just starting to.

so it would make much more sense to stay away from cable and go to dollar.
as in buy low sell high system.

I am telling u this and i have a long on cable since 19853.( so i am not bias i am just trying to learn)
Who said we've reached a bottom? Hell is not straight down. You have cliff's along the way down. We're only at a cliff. It is still a long way down. Even if the FED pulls every single magic trick they have up their sleeves, they are only delaying the inevitable.

The UK has the EU. UK's largest trading partner is the EU. I don't think (imvho) the EU would let the UK economy drown. They have much invested in that tiny island.

Follow your charts. I'm staying away from cable until I see a clear trend down. I still expect it to go down to around 1.8xxx and then head back up. When, we'll soon find out in the coming months.
Humble Lifetime Member
  • #59,504
  • Mar 26, 2008 5:11am Mar 26, 2008 5:11am
guess what i went long at 2.0000 im making a come back, :surprised you went long again.
If I Go Broke Trying Then I Will die happy.
  • #59,505
  • Mar 26, 2008 5:14am Mar 26, 2008 5:14am
oh your so done how can you go long i did it again
If I Go Broke Trying Then I Will die happy.
  • #59,506
  • Mar 26, 2008 5:14am Mar 26, 2008 5:14am
Quoting Moe
guess what i went long at 2.0000 im making a come back, :surprised you went long again.
Moe, look, it's Ricky!:surprised

How are you Ricky?
Humble Lifetime Member
  • #59,507
  • Mar 26, 2008 5:14am Mar 26, 2008 5:14am
Mervin King Suggests Policy Now Incling More To Rate Cuts Due To Market Conditions In Bank Lending
Trading is 80% Emotional, 20% Technical
  • #59,508
  • Mar 26, 2008 5:15am Mar 26, 2008 5:15am
Quoting Moe
oh your so done how can you go long i did it again
Are those two guys on prozac, again?
Humble Lifetime Member
  • #59,509
  • Mar 26, 2008 5:16am Mar 26, 2008 5:16am
Cable down 158pips from intraday highs as Boe/mpc governor/members testify to HOC Treasury Committee
ex member
  • #59,510
  • Mar 26, 2008 5:17am Mar 26, 2008 5:17am
Hey, BWR! Didn't expect to see you here?

Just keeping Moe company.

See everyone later!
Humble Lifetime Member
  • #59,511
  • Mar 26, 2008 5:18am Mar 26, 2008 5:18am
Quoting Ash
Moe, look, it's Ricky!:surprised

How are you Ricky?
hi this is ricky can someone please unban me i promise il be good, let me think about it ricky and il get back to you, well i thought about it and i don't like beggers so hell no, your ban for life
If I Go Broke Trying Then I Will die happy.
  • #59,512
  • Mar 26, 2008 5:20am Mar 26, 2008 5:20am
what make this change on gbp/usd rate cuts in UK ?? or good data from US

?
  • #59,513
  • Mar 26, 2008 5:22am Mar 26, 2008 5:22am
Quoting Moe
hi this is ricky can someone please unban me i promise il be good, let me think about it ricky and il get back to you, well i thought about it and i don't like beggers so hell no, your ban for life
You are one bad dude.
Humble Lifetime Member
  • #59,514
  • Mar 26, 2008 5:23am Mar 26, 2008 5:23am
Quoting deboooo2005
could we see 1.9929 today
could it be
If I Go Broke Trying Then I Will die happy.
  • #59,515
  • Mar 26, 2008 5:24am Mar 26, 2008 5:24am
The lazy bugger is having a Kit-Kat at 1.9950 S&R ...
  • #59,516
  • Mar 26, 2008 5:27am Mar 26, 2008 5:27am
a litle update here..

All commodities, Eoru, JPY and CHF are standing still.. DO NOT SHORT.. this is a liquidation dip/drop.. i'd go long from here.. (my 2 cents)
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  • #59,517
  • Mar 26, 2008 5:30am Mar 26, 2008 5:30am
Quoting Moe
could it be
really thanks god i get out of my long @ 2.0101 ... with 34 pip profit ... then i short @ 2.0005
  • #59,518
  • Mar 26, 2008 5:30am Mar 26, 2008 5:30am
Quoting Ash
You are one bad dude.
, just thought il have a little fun, im out
If I Go Broke Trying Then I Will die happy.
  • #59,519
  • Mar 26, 2008 5:32am Mar 26, 2008 5:32am
Quoting deboooo2005
really thanks god i get out of my long @ 2.0101 ... with 34 pip profit ... then i short @ 2.0005
oh please forgive me.
If I Go Broke Trying Then I Will die happy.
  • #59,520
  • Mar 26, 2008 5:34am Mar 26, 2008 5:34am
now who got the money eyes you don't look to happy over there buddy , fck you.
If I Go Broke Trying Then I Will die happy.
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