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Cable Update (GBPUSD)

  • #72,001
  • Jun 23, 2008 12:47pm Jun 23, 2008 12:47pm
No trades here, Too many distractions, missed the big move down, then missed some nice setups

Markets mixed, down day but currently moving up and over 12hour sma so could run higher, so 50/50 and I guess I've got to stick it out


No movement on the other pairs I watch to
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #72,002
  • Jun 23, 2008 12:57pm Jun 23, 2008 12:57pm
Quoting LuckyLurker
closed @9611. Stalking long now.
Now, i will be stalking Short
  • #72,003
  • Jun 23, 2008 12:57pm Jun 23, 2008 12:57pm
Quoting Turveyd
No trades here, Too many distractions, missed the big move down, then missed some nice setups

Markets mixed, down day but currently moving up and over 12hour sma so could run higher, so 50/50 and I guess I've got to stick it out


No movement on the other pairs I watch to
it could be a massive move up...retraced at 61% and 4hr chart shows good patern formation (like morning star) 1.9600 held for now...and trend direction looks like its reversed..place yur seat belt
  • #72,004
  • Jun 23, 2008 12:59pm Jun 23, 2008 12:59pm
Quoting allserene
Been looking on rightmove dot com at UK house prices and rentals.
Forget the media hype - the UK is still in business big style

A crummy semi -detached house (duplex?) with a 6 foot wide driveway with weeds growing on it will still cost $600k in the North of England in a decent area

Don't send food parcels to England and don't think the economy looks like Brown's face

It's election time soon though - hum......
Dunno 2 estate agents in my area went bankrupt in the last 2 weeks, which strangely is the first to go I've heard off in the country.


Its looking more than rough!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #72,005
  • Jun 23, 2008 12:59pm Jun 23, 2008 12:59pm
got out of my long - took the money and run - nerves couldnt take the ride to 1.97

If it gets there it gets shorted
  • #72,006
  • Jun 23, 2008 1:02pm Jun 23, 2008 1:02pm
Quoting Turveyd
Dunno 2 estate agents in my area went bankrupt in the last 2 weeks, which strangely is the first to go I've heard off in the country.


Its looking more than rough!!
put it this way i want to buy and house got 25% deposit too..but i aint touching anything because it looks as if nobody is buying anything....im waiting for prices to tank like cable....
prices here in london are rediculous, im looking at 400k prices and still finding them to small ..its crazy..
  • #72,007
  • Jun 23, 2008 1:02pm Jun 23, 2008 1:02pm
Quoting allserene
got out of my long - took the money and run - nerves couldnt take the ride to 1.97

If it gets there it gets shorted

Good call, play safe, wait for the next setup, too slow anyways.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #72,008
  • Jun 23, 2008 1:06pm Jun 23, 2008 1:06pm
Quoting Turveyd
Dunno 2 estate agents in my area went bankrupt in the last 2 weeks, which strangely is the first to go I've heard off in the country.


Its looking more than rough!!
If you guys can get ahold OF the DAILY MAIL for today,look at the articles regarding the collaspe in prices of NEW FLATs in LEEDS and NEWCASTLE,a reality check is coming in a few months.Shit is about to hit the fan alright.

baz
  • #72,009
  • Jun 23, 2008 1:15pm Jun 23, 2008 1:15pm
Quoting baz
If you guys can get ahold OF the DAILY MAIL for today,look at the articles regarding the collaspe in prices of NEW FLATs in LEEDS and NEWCASTLE,a reality check is coming in a few months.Shit is about to hit the fan alright.

baz
I own a real estate title company in the States and the shit has already hit the fan here! I'm wondering where real estate is going to find a bottom.
Just digging in the trenches like everyone else!
  • #72,010
  • Jun 23, 2008 1:20pm Jun 23, 2008 1:20pm
Ok, hit over 1.9640 thogut a bid late than I epxtec, but next move will be heading for 1.9686 and 1.9740
  • #72,011
  • Jun 23, 2008 1:21pm Jun 23, 2008 1:21pm
Quoting eohater
I own a real estate title company in the States and the shit has already hit the fan here! I'm wondering where real estate is going to find a bottom.
Yes,the UK will follow,i have a brother,he owns 92+ Houses and rents them,he too has told me that new Houses and Flats are now difficult for the estate agents to sell,as the market was dominated by BUY TO LET,and already a building society in the UK ,BRADFORD and BINGLEY had problems,and another Finance company was also in problem.
It is going to be tough for the UK if not a reccession.

baz
  • #72,012
  • Jun 23, 2008 1:26pm Jun 23, 2008 1:26pm
Quoting baz
Yes,the UK will follow,i have a brother,he owns 92+ Houses and rents them,he too has told me that new Houses and Flats are now difficult for the estate agents to sell,as the market was dominated by BUY TO LET,and already a building society in the UK ,BRADFORD and BINGLEY had problems,and another Finance company was also in problem.
It is going to be tough for the UK if not a reccession.

baz
definately bro .....all this as well as high cost of food, petrol prices and now they talking about 40% increase in utility bills..the shit is comin alright..

good to u see u here bro
  • #72,013
  • Jun 23, 2008 1:34pm Jun 23, 2008 1:34pm
Quoting nAVIN2007
definately bro .....all this as well as high cost of food, petrol prices and now they talking about 40% increase in utility bills..the shit is comin alright..

good to u see u here bro

Reccesion is already in effect, will it turn into a depression is the question, I think yes!!!

Always more shite to come though.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #72,014
  • Jun 23, 2008 1:42pm Jun 23, 2008 1:42pm
I also heard, 2 banks today put there mortgage rate up aswell today, likely to cover all of the defaulted mortgages, which will lead to more of them, vicous circle.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #72,015
  • Jun 23, 2008 1:43pm Jun 23, 2008 1:43pm
Quoting de123
last mesage for today,..to all shorters,..lock any profit, because uk will vote for rate hike,..ppl need money for holidays,...p.s. this will fly to 3.0 in no time...
Garfield, (De123)
And Navin...

1st Time posting here... on this thread...
I was "betting" on that 'Earlier' Re-Trace this a.m. too...
Taking a "Long" @ 196.48 'Whew', i made it out,
knowing She'd retrace back up.

Sometimes,
You just got to stay with & "manage"
the UGLY Trade... No matter what the 'hype' is.

Hoping She'll move up even a tad more,
For you guys
Terrapin Pipper,


Jeff!
I will work to Objectively Identify my Edges
  • #72,016
  • Jun 23, 2008 1:44pm Jun 23, 2008 1:44pm
Quoting Turveyd
Reccesion is already in effect, will it turn into a depression is the question, I think yes!!!

Always more shite to come though.
I hope no recession or worse a Depression,the last time was in early nineties,my Company came to within a "1 milimetre" of going bankrupt.
Lots of stress and worry also for the man on the street.
I dont want to see that ever again.The ordinary public always pay a heavy penalty in the end.

baz
  • #72,017
  • Jun 23, 2008 1:44pm Jun 23, 2008 1:44pm
this long is looking great.....swissy is on the way down, eur is on the way up to ..cable gonna see 1.9684- 1.97 at least...i think
  • #72,018
  • Jun 23, 2008 1:56pm Jun 23, 2008 1:56pm
Quoting baz
I hope no recession or worse a Depression,the last time was in early nineties,my Company came to within a "1 milimetre" of going bankrupt.
Lots of stress and worry also for the man on the street.
I dont want to see that ever again.The ordinary public always pay a heavy penalty in the end.

baz

Thats why I'm trying to turn full time on the markets, self employeed here onyl surviving cause I got lucky and got a big contract, life hey!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #72,019
  • Jun 23, 2008 1:57pm Jun 23, 2008 1:57pm
Quoting TerpFan2
Garfield, (De123)
And Navin...

1st Time posting here... on this thread...
I was "betting" on that 'Earlier' Re-Trace this a.m. too...
Taking a "Long" @ 196.48 'Whew', i made it out,
knowing She'd retrace back up.

Sometimes,
You just got to stay with & "manage"
the UGLY Trade... No matter what the 'hype' is.

Hoping She'll move up even a tad more,
For you guys
Terrapin Pipper,


Jeff!

yes bro ....this baby is indeed a yoyo...what i find best is to enter where u think u can make money and just keep the trade running, requires knowledge thou if u can do this....it stops u places trades (overtrading goes out of window) and if u lose the amount is tolerable, so long as u enter small...its the only way i have found to trade with some success...
  • #72,020
  • Jun 23, 2008 2:05pm Jun 23, 2008 2:05pm
On todays 38% retractment. Are we going up or down?
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