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Cable Update (GBPUSD)

  • #75,941
  • Jul 14, 2008 11:58am Jul 14, 2008 11:58am
Quoting TerpFan2
Yeah Baby,

Way to go Belekas...
My T.P. area as well... 'just knew she was gonna hit it!
Have a great one,

Jeff!
glad to hear yur doing well ....i just placed a short looking for a retracement here...surely this thing isnt gonna break this resistance this time of day ...

oh crap.....
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  • #75,942
  • Jul 14, 2008 12:03pm Jul 14, 2008 12:03pm
me too

I am as short as a very short thing
  • #75,943
  • Jul 14, 2008 12:10pm Jul 14, 2008 12:10pm
Quoting BANDA
seems like I was wrong to short around 1.9923 .......still try to hold on to if this hourly Candle close below 1.9930 there could be a little south movement
...Mr Banda,still short?
  • #75,944
  • Jul 14, 2008 12:16pm Jul 14, 2008 12:16pm
[quote=nAVIN2007;2108619]glad to hear yur doing well ....i just placed a short looking for a retracement here...surely this thing isnt gonna break this resistance this time of day ...

Thanks Navin!
Gotcha Baby! 'Just could'nt wake w/you guys, w/London,
'Comin back from the Eastern Shore/Ocean City area, @1am,
-and 3am wasn't gonna happen!

'So, you just gotta get out your pocket/swiss army knife of
tools, and work out what you can, where the game is,
For some lunchtime work!
-For the retrace... man you'd think she's gotta get tired sometime!
Have a great one,

Jeff!
I will work to Objectively Identify my Edges
  • #75,945
  • Jul 14, 2008 12:19pm Jul 14, 2008 12:19pm
Quoting allserene
Oh Dear Budweiser bought by foreigners, aliens - it's all over for the U.S.A

Banks starting to crumble (more this week), flood, mud slides, wild fires, 4 dollar gas, stocks crashing and Brittany has gone insane


The Empire crumbles

What a great time to buy - I have seen it all before except it was Marilyn and not Brittney - the names change but the game is the same

Just remember - paraphrasing Kipling - 'If you alone can keep your head when all about you are losing theirs - then you haven't seen the danger'

just kidding - it's all good stuff and great buying opportunities and currencies will need to move soon
makes you wonder, who will be next in this domino effect, doesn't it??

  • #75,946
  • Jul 14, 2008 12:21pm Jul 14, 2008 12:21pm
Yes buddy I am still short.......... reason when GBP appreciate after 12EST normally it retrace and this leg or GBP appreciation if you check 1H charts with -out any break I have 2 shorts 1.9923 and 1.9958


Quoting 30pips
...Mr Banda,still short?
BANDA333
  • #75,947
  • Jul 14, 2008 12:29pm Jul 14, 2008 12:29pm
Quoting nAVIN2007
glad to hear yur doing well ....i just placed a short looking for a retracement here...surely this thing isnt gonna break this resistance this time of day ...

oh crap.....
me too short navin at 19940..hopefully it will go down a bit..
  • #75,948
  • Jul 14, 2008 12:33pm Jul 14, 2008 12:33pm
http://bp2.blogger.com/_nmIuQsC9b-Q/...r++GBP+USD.png
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  • #75,949
  • Jul 14, 2008 12:34pm Jul 14, 2008 12:34pm
Quoting AmeriTrini
makes you wonder, who will be next in this domino effect, doesn't it??


hope it's not wells fargo - just taken a bit of a gamble on them and a bigger one on goldman

this cable thing is either a double top on the hourly or a break through soon

i vote double top - but even if it goes to 2.00 i reckon it will fall back swiftly

i will go along for the ride to 2.00 if need be
  • #75,950
  • Jul 14, 2008 12:35pm Jul 14, 2008 12:35pm
Quoting mrmunir
me too short navin at 19940..hopefully it will go down a bit..
maybe get 50% retracement...looks like we have the top..

  • #75,951
  • Jul 14, 2008 12:36pm Jul 14, 2008 12:36pm
Ugh....went against my gut and went FOR the US dollar....last time I do that.

I see no hope for it. Fed bailing out more failing companies...it just never ends.

I sincerely believe it's time to call for treason hearings on this now. There can be no other explanation or conclusion on this.
  • #75,952
  • Jul 14, 2008 12:36pm Jul 14, 2008 12:36pm
Do you think it will hit 50% fib of todays move on the retrace? What signal are you looking for to close your shorts?
  • #75,953
  • Jul 14, 2008 12:40pm Jul 14, 2008 12:40pm
Well, question one of two answered while I typed it.

Holding a SL just above the 1.9960 mark, going to let it trace down a bit and then move SL down to secure some pips.
  • #75,954
  • Jul 14, 2008 12:40pm Jul 14, 2008 12:40pm
SHORT AT 1.9950
  • #75,955
  • Jul 14, 2008 12:45pm Jul 14, 2008 12:45pm
Quoting allserene
hope it's not wells fargo - just taken a bit of a gamble on them and a bigger one on goldman

this cable thing is either a double top on the hourly or a break through soon

i vote double top - but even if it goes to 2.00 i reckon it will fall back swiftly

i will go along for the ride to 2.00 if need be

imho, you've picked the top US banks in GS and Wells Fargo. both extremely well run, meaning they should gain significant market share from weaker capitalised rivals during this crisis.

i've am building a position in HSBC, granted who do have exposure to the US, but also possess great earning powers in Asia and Latin America, great capital ratios, excellent franchise, strong management team, with a dividend yield exceeding 6.5%.
  • #75,956
  • Jul 14, 2008 1:06pm Jul 14, 2008 1:06pm
Quoting sheraz
SHORT AT 1.9950
Those who shorted at this point I think higer risk is low. I think it will go down soon.
Everything went up too fast too soon.
Time for intervention and Fed is going to do this soon. It's just matter of time.
GBP is ready to fall 300pips in July.
Hold on to your short position. Don't set any Stop Loss. It can't go any higer with central bank intervention.
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  • #75,957
  • Jul 14, 2008 1:17pm Jul 14, 2008 1:17pm
Forgive me for this kind of analysis.............one thing noted from past ,U.K BOE people come out and try to jack up the GBP.... when there are impending negative news for GBP ..
I think tomorrow numbers could have negative impact on GBP (even though some folks here with crystal balls predict contrary ) .......maybe that is the reason.......King came and told of a possibility of a rate hike......... after all what do I know........I am just a looser .....! Actually news coming from USA good for the $ only thing due to transparent nature of things ........ things may have been over sized
BANDA333
  • #75,958
  • Jul 14, 2008 1:17pm Jul 14, 2008 1:17pm
Quoting saint_berzer
Ugh....went against my gut and went FOR the US dollar....last time I do that.

I see no hope for it. Fed bailing out more failing companies...it just never ends.

I sincerely believe it's time to call for treason hearings on this now. There can be no other explanation or conclusion on this.
Yes waterboard Bush - the video rights on that would pay off the national debt several times over -problem solved
  • #75,959
  • Jul 14, 2008 1:20pm Jul 14, 2008 1:20pm
Quoting TerpFan2
Yeah Baby,

Way to go Belekas...
My T.P. area as well... 'just knew she was gonna hit it!
Have a great one,

Jeff!
Thanks. Great trading yourself. Cheers!
  • #75,960
  • Jul 14, 2008 1:24pm Jul 14, 2008 1:24pm
Quoting BANDA
Forgive me for this kind of analysis.............one thing noted from past ,U.K BOE people come out and try to jack up the GBP.... when there impending negative news for GBP ..
I think tomorrow numbers could be have negative impact on GBP (even though some folks here with crystal balls predict contrary ) .......maybe that is the reason.......King came and told of a possibility of a rate hike......... after all what do I know........I am just a looser .....! Actually news coming from USA good for the $ only thing due to transparent nature of things ........ things may have been over sized

bro im thinking house data poor for uk......we should see a drop if expected come in and US data send cable higher..but what do i know ...
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