Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#65,161
May 12, 2008 2:13am May 12, 2008 2:13am

Runway Trade
| Joined Aug 2007 | Status: Air Raider | 895 Posts

Quoting JanPoko

Disliked

Moe might not be too nice but for sure is he right. This "newbie" Navin practically hijacked the thread with his 1600+ posts looking almost "scientific" and saying nothing.

I much more prefer Moe's satiric and amusing perceptions than newbie's "analyses" overrunning the thread...

Sorry Navin, that's how I feel it...

Ignored

Moe never gives any advice, analysis or direction. Only sarcasm, criticism and negativity....who needs that!

At least Nav is trying to contribute and show his thinking!

#65,162
May 12, 2008 2:22am May 12, 2008 2:22am

DeePipster
| Joined Apr 2008 | Status: Trader | 29 Posts

Let's stick to trading and not mud slinging. I think Navin does a good job with his posts in recognizing patterns and explaining his thinking. Is he always right? No, but who is?

He might not be as skilled as hard1head1, hornet, or others in here, but he has some knowledge to improve on. I think he just needs to get the mental aspect of it down and that will happen in time.

It might take him some time to start hitting on all cylinders, but he will eventually and when he does, he will be a good trader.

I know he has me beat when it comes to chart reading and recognition. So let's lay off the guy and if you don't like his analysis, then skip his post.

#65,163
May 12, 2008 2:25am May 12, 2008 2:25am

superman
| Joined Feb 2006 | Status: Trader | 32 Posts

hi guys,

the news forecasts on the front page suggest no changes for gbp ppi output and trade balance. Any ideas on how this normally effects cable, if there is no change?

Thanks

#65,164
May 12, 2008 2:32am May 12, 2008 2:32am

scyang
| Joined Apr 2008 | Status: You never know | 1,306 Posts

Quoting superman

Disliked

hi guys,

the news forecasts on the front page suggest no changes for gbp ppi output and trade balance. Any ideas on how this normally effects cable, if there is no change?

Thanks

Ignored

I would think that should cause cable to go up.

Expected the unexpected

#65,165
May 12, 2008 2:38am May 12, 2008 2:38am

tomaz55
| Joined Jan 2007 | Status: Trader | 225 Posts

i am still long from 9474 from friday, looking for a big 200 pip bull run to retest the 4hr trendline

will add more if it falls to 9400

#65,166
May 12, 2008 2:46am May 12, 2008 2:46am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

im also long from last week ...the trendline in my chart breaks then long should be good ..

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#65,167
May 12, 2008 3:08am May 12, 2008 3:08am

ns_karthik77
| Additional Username | Joined Aug 2007 | 145 Posts

something tells me GU is gonna go down further....two reasons...it has not yet broken the once huge support, now huge resistance at 1.9500.....and second, just my gut feel abt the market...now lets see how good my gut feel is...

#65,168
May 12, 2008 3:10am May 12, 2008 3:10am

ns_karthik77
| Additional Username | Joined Aug 2007 | 145 Posts

big traders have this habit of taking the price very close to support or resistance just b4 news time...dont get tempted by it...wait for the news....the big traders also give false breaks after news , so be wary of that as well...

#65,169
May 12, 2008 3:12am May 12, 2008 3:12am

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

Do you have to be sarcastic all the time, what’s the point ?
Dose it make you feel good?
Why not give us a chart and make yourself useful as Nav dose.

Quoting Moe

Disliked

is it just me but navin don't seems to know what the hell he's doing, it just seems like he's very confuse. were looking at one of those newbies who won't be around to long.

Ignored

On-site guru & also FF member's' psychiatrist, when not drinking tea

#65,170
May 12, 2008 3:15am May 12, 2008 3:15am

Bones
Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 24,286 Posts

Well if you only had pros posting here this would be a very quite place indeed.lol

Quoting JanPoko

Disliked

Moe might not be too nice but for sure is he right. This "newbie" Navin practically hijacked the thread with his 1600+ posts looking almost "scientific" and saying nothing.

I much more prefer Moe's satiric and amusing perceptions than newbie's "analyses" overrunning the thread...

Sorry Navin, that's how I feel it...

Ignored

On-site guru & also FF member's' psychiatrist, when not drinking tea

#65,171
May 12, 2008 3:22am May 12, 2008 3:22am

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting Bones

Disliked

Well if you only had pros posting here this would be a very quite place indeed.lol

Ignored

thx guys..
i didnt comment cause he didnt deserve one

i hope this dont bounce of the 62 ema ...

#65,172
May 12, 2008 3:22am May 12, 2008 3:22am

Jurrasic
| Joined Feb 2008 | Status: Live long and have fun :) | 1,386 Posts

I'm thinking of shorting cable short term right before the news with a tight sl.. looks like it has little room to climb with all the resistance around 95 but a long way to fall, plus as I remember UK news has a tradition of red color..

What'ya cable guys think ?

On the path to Enrichment.