Cable Update (GBPUSD) | Page 3090 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #61,781
  • Apr 16, 2008 8:32am Apr 16, 2008 8:32am
Quoting winwise
good for u! I always looking into my chart and the trend with doubt, but the fact is riding the trend---to make money. writing fantasy can make people a living, if they are analyst or J.K rowling.

IMO, things are changing, trend will reverse only when unexpected-bad news come out. any good surprise only enhance bull ride. they are a lot of factors should taking into account for GBP. 1.UK economy is very similar to US 2.Northern rock fact. 3 UK currency only supported by UK, EUR is supported by a region(many say EUR is a joke, and it still is!) 3.European bank also have GBP in their holding, but the truth is,,ECB is trying replace USD with EUR as a major currency. current situation for GBP is very similar to what happened in 1990s----those bank think GBP is overvalued.
4. Carry trades flooding out in last 9 months from UK. however, signs showing they are coming back.

I personally really dont eurozone economy is any much better than UK. However, as it said before, Eurozone is still a joke. e.g. they dont have a total summary data for their housing fact! thereofore, some bad news arent disclosed. from what i heared, Spain already have problem in property market.

anyways, just shut me up.

good luck everyone
no man ...its interesting to here i for one love post like this cause i know nothing about what the hell is going on in the world, reading posts like your only helps understand why what is hapening is happening..damn that was a mouthfull ..keep em comin

this red trendline seems to be holding and rather well ..if yur short have a look at this ..
Attached Image (click to enlarge)
Click to Enlarge Name: picture.JPG Size: 109 KB
  • #61,782
  • Apr 16, 2008 8:35am Apr 16, 2008 8:35am
Quoting winwise
good for u! I always looking into my chart and the trend with doubt, but the fact is riding the trend---to make money. writing fantasy can make people a living, if they are analyst or J.K rowling.

IMO, things are changing, trend will reverse only when unexpected-bad news come out. any good surprise only enhance bull ride. they are a lot of factors should taking into account for GBP. 1.UK economy is very similar to US 2.Northern rock fact. 3 UK currency only supported by UK, EUR is supported by a region(many say EUR is a joke, and it still is!) 3.European bank also have GBP in their holding, but the truth is,,ECB is trying replace USD with EUR as a major currency. current situation for GBP is very similar to what happened in 1990s----those bank think GBP is overvalued.
4. Carry trades flooding out in last 9 months from UK. however, signs showing they are coming back.

I personally really dont eurozone economy is any much better than UK. However, as it said before, Eurozone is still a joke. e.g. they dont have a total summary data for their housing fact! thereofore, some bad news arent disclosed. from what i heared, Spain already have problem in property market.

anyways, just shut me up.

good luck everyone
u are correct in everything u said .
truly insightful my friend and i agree about eurozone problems and i posted it 30 min ago.
individually countries are crying because of housing and credit
unemployment will start increasing and if they wait like the FED they will find themselves in the same situation US is in.

"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #61,783
  • Apr 16, 2008 9:09am Apr 16, 2008 9:09am
When the DOW hit 14,000 I shorted it because the chart looked insane

The euro charts look insane right now so I just need to find the guts to short it

I reckon some big players like George Soros are already doing it and they dont mind missing the next 3% up to get a 25% down

I suppose we should wait until it gets wobbly first - most eruptions have a few tremors before they blow

whether it takes gbp with it all the way will be VERY interesting
  • #61,784
  • Apr 16, 2008 9:11am Apr 16, 2008 9:11am
oh, welll, thanks guys! i really didnt expected much of positive reaction like that.

anyway, nAVIN2007 thanks for asking. I am not shorting, i had a long from last nite from 19620 and closed on 19800. like i said a couple of days before, i waiting for retracment to long term long. but didnt really expect any thing so dramatic in yesterday. therefore, i was just had a try.

in fact, i was expecting some smooth rang trade to build a long term uphill trend. things are going different, so maybe a long term up is not so valIdated
  • #61,785
  • Apr 16, 2008 9:16am Apr 16, 2008 9:16am
Quoting allserene
When the DOW hit 14,000 I shorted it because the chart looked insane

The euro charts look insane right now so I just need to find the guts to short it

I reckon some big players like George Soros are already doing it and they dont mind missing the next 3% up to get a 25% down

I suppose we should wait until it gets wobbly first - most eruptions have a few tremors before they blow

whether it takes gbp with it all the way will be VERY interesting
do u listen to live news? for me Dows go back to 12400 is not quite happening,,, tomorrow, me may even get some surprise from jobless claim.

and George is very likely long EUR. he said eur is not yet top in his recent book release,,,, not offence to u. Just IMO.
  • #61,786
  • Apr 16, 2008 9:22am Apr 16, 2008 9:22am
i guess the problem right now is we sitting on the weekly pivot and nothing to suggest going up other than a bullush candle formation through r1 on the down side 2 harami engulfed by a bearish candle ..i guess it all depends on if we break 4hrs trendline for ..might be a l8 entery but at least ..i think shall stand a better chance, anything wlse i fear is just guessing..
  • #61,787
  • Apr 16, 2008 9:22am Apr 16, 2008 9:22am
Quoting winwise
do u listen to live news? for me Dows go back to 12400 is not quite happening,,, tomorrow, me may even get some surprise from jobless claim.

and George is very likely long EUR. he said eur is not yet top in his recent book release,,,, not offence to u. Just IMO.
i dont think a man like soros will wait any longer unless he knows something we don't

euro will fall hard this year it will be the true money maker.
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #61,788
  • Apr 16, 2008 9:29am Apr 16, 2008 9:29am
you'll probably grow a looooong beard until next 2.1. how about 1.7 will see me buy?

Quoting allserene
2.10 will see me sell.
Nihil Sine Deo.
  • #61,789
  • Apr 16, 2008 9:32am Apr 16, 2008 9:32am
Someone on another forum posted this.... or similiar.... When everybody is long, the big boys close their positions and automatically currency will fall. All the little guys then scramble to short. While we all on short positions... the big boys then go long and knock us out..... It's all about cycles

Any Comments???
  • #61,790
  • Apr 16, 2008 9:33am Apr 16, 2008 9:33am
Quoting winwise
do u listen to live news? for me Dows go back to 12400 is not quite happening,,, tomorrow, me may even get some surprise from jobless claim.

and George is very likely long EUR. he said eur is not yet top in his recent book release,,,, not offence to u. Just IMO.
If you were getting ready to short the euro and you were Soros, would you write a book saying the euro was going down ? I reckon he is bull trapping and getting ready to short himself

I would if I were him

I am not into conspiracy theories but a big player like that would not reveal his real strategy in advance

Books take a while to write and to publish so they are always out of date by the time they are published - have you ever noticed that about computer books ?

I think we can agree that there will be big moves one way or the other in this scary environment

It might be that we are at such a level that it is risky to put further long term longs on and too soon to short...
  • #61,791
  • Apr 16, 2008 9:36am Apr 16, 2008 9:36am
Quoting winwise
oh, welll, thanks guys! i really didnt expected much of positive reaction like that.

anyway, nAVIN2007 thanks for asking. I am not shorting, i had a long from last nite from 19620 and closed on 19800. like i said a couple of days before, i waiting for retracment to long term long. but didnt really expect any thing so dramatic in yesterday. therefore, i was just had a try.

in fact, i was expecting some smooth rang trade to build a long term uphill trend. things are going different, so maybe a long term up is not so valIdated
i think it will go short until 1.9665......then go long again,.....
be patient, self-belief and discipline... stay focus...
  • #61,792
  • Apr 16, 2008 9:38am Apr 16, 2008 9:38am
Quoting salah k.
i dont think a man like soros will wait any longer unless he knows something we don't

euro will fall hard this year it will be the true money maker.
too be honest, it is US strategy to deal with strong EUR, currently using high eur to hurt Eurozone economy. people like Soros may already built a big long on Eur from long time ago. but once Eurozone showed any firmly signs of troubles, they will have no hesitation to sell!!!
then guess, who will the price for US housing credit Bubbles????
If ECB are not bounch of goons, they need to aviod putting pressure on country like China/Russia/Japan. Unfortunatly, they are very aggressive on Renminbi appreciation. because they have large currency reserves to push eur higher and higher. Russian is also not quite like the way the EU dealing with thier Geography matters. and Japanese is following US admin,and itself have problem economy....a lot signs shows growing problem in Japan. besides,YEN had raised 30%-16% to many major currency in last 9 months. can they afford any more? very doubtable!

so every gunhead pointing to EUR,,,,so let it riding hight.... and we wait for a good short
  • #61,793
  • Apr 16, 2008 10:40am Apr 16, 2008 10:40am
looking good for a short i think guys ..i dont think its on the way up anymore..
  • #61,794
  • Apr 16, 2008 11:01am Apr 16, 2008 11:01am
Quoting nAVIN2007
looking good for a short i think guys ..i dont think its on the way up anymore..
Lol I'm just ready to go short when time turns 18.00 (here where I am). For new H1 candle and all. And it shoots 15 pips up and a short feels suddenly kinda wrong on M5 chart.
  • #61,795
  • Apr 16, 2008 11:01am Apr 16, 2008 11:01am
Quoting allserene
If you were getting ready to short the euro and you were Soros, would you write a book saying the euro was going down ? I reckon he is bull trapping and getting ready to short himself

I would if I were him

I am not into conspiracy theories but a big player like that would not reveal his real strategy in advance

Books take a while to write and to publish so they are always out of date by the time they are published - have you ever noticed that about computer books ?

I think we can agree that there will be big moves one way or the other in this scary environment

It might be that we are at such a level that it is risky to put further long term longs on and too soon to short...
Hey, i am not saying u r wrong? but for Eur is still not in a long term shorting range yet.
and be perfectly honest, if i were Soros, i wouldnt write something in a book to set a trap because book goes to record, i may set a trap when i get interviewed. besides i read his book, ebook vision, pretty updated--- he even updated some of his operation in Bear stearn's recent bankruptcy,, therefore,it is sth very close to current time frame.
  • #61,796
  • Apr 16, 2008 11:29am Apr 16, 2008 11:29am
Quoting SimonJ
Lol I'm just ready to go short when time turns 18.00 (here where I am). For new H1 candle and all. And it shoots 15 pips up and a short feels suddenly kinda wrong on M5 chart.
i hope i made the right decision .....
  • #61,797
  • Apr 16, 2008 11:50am Apr 16, 2008 11:50am
now we're testing weekly pivot and 61,8% Fib, so maybe go up?
And also we've got Beige Book.
Attached Image (click to enlarge)
Click to Enlarge Name: gbppp.gif Size: 17 KB
  • #61,798
  • Apr 16, 2008 11:54am Apr 16, 2008 11:54am
Quoting SimonJ
Lol I'm just ready to go short when time turns 18.00 (here where I am). For new H1 candle and all. And it shoots 15 pips up and a short feels suddenly kinda wrong on M5 chart.
i understand completely i been thinking wait for the 1 hr candle but sometimes u just have to say if the 1 hr candle closes lower where u gonna place the SP and in my case waiting for the 1 hr candle makes this trade higher risk
  • #61,799
  • Apr 16, 2008 11:57am Apr 16, 2008 11:57am
Quoting magictrader
now we're testing weekly pivot and 61,8% Fib, so maybe go up?
And also we've got Beige Book.
Hi MagicTrader,

Currently, what is your personnel bias on the direction of the G/U at the moment......if you dont mind me asking.??? (of course after due consideration of your chart and such)
Thanks
  • #61,800
  • Apr 16, 2008 12:17pm Apr 16, 2008 12:17pm
I'm a newbie but I'm here on the sidelines waiting for something definite. Got stopped out earlier costing me 38 pips.

I'll exercise patience. Wudnt want to lose the remaining 125pips captured this morning.

By the way this a good thread keep it up. I usually do EUR/USD but since yesterday I been following this pair, and it has been kind to me.
2,521 traders viewing now, 5 are registered:
alenalex
,
,
Ezn
,
Molaro
,
bolivarfx