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Cable Update (GBPUSD)

  • #75,961
  • Jul 14, 2008 1:33pm Jul 14, 2008 1:33pm
Sorry Navin if what ever I wrote did hurt you.......... I am in nature not intending to hurt anybody........ I was just making fun...... What I was trying to tell was newbies listen to us and follow us and end up negative........that break my heart.........after loosing so many times ........I do not want to misguide anybody............ think like this if tommorow CPI come hot...... and King having told of possibility of a rate hike..........GBP could fly to the moon...... that maybe the reason King injected the "jaw boning" to keep GBP in the range.........just my silly argument.........lol

Quoting nAVIN2007
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 ...
BANDA333
  • #75,962
  • Jul 14, 2008 1:34pm Jul 14, 2008 1:34pm
ended up clipping some on my short and getting out

silly trying to figure a direction when its all so dithery

back to scalping DOW shares

when cable smashes up through 2.00 for the second time i will be a believer and buy the first dip after that
  • #75,963
  • Jul 14, 2008 1:37pm Jul 14, 2008 1:37pm
Quoting BANDA
Sorry Navin if what ever I wrote did hurt you.......... I am in nature not intending to hurt anybody........ I was just making fun...... What I was trying to tell was newbies listen to us and follow us and end up negative........that break my heart.........after loosing so many times ........I do not want to misguide anybody............ think like this if tommorow CPI come hot...... and King having told of possibility of a rate hike..........GBP could fly to the moon...... that maybe the reason King injected the "jaw boning" to keep GBP in the range.........just my silly argument.........lol
PPI was lower so I am expecting the same for CPI. What you think?
{Promotion Removed}
  • #75,964
  • Jul 14, 2008 1:38pm Jul 14, 2008 1:38pm
Quoting BANDA
Sorry Navin if what ever I wrote did hurt you.......... I am in nature not intending to hurt anybody........ I was just making fun...... What I was trying to tell was newbies listen to us and follow us and end up negative........that break my heart.........after loosing so many times ........I do not want to misguide anybody............ think like this if tommorow CPI come hot...... and King having told of possibility of a rate hike..........GBP could fly to the moon...... that maybe the reason King injected the "jaw boning" to keep GBP in the range.........just my silly argument.........lol
no bro dont worry i for not even one second felt what u wrote was aimed at me ...im just typing out what im thinking and if not corrected im assuming its possible, seems to be my way to learn in here..

i hope nobody is thinking im predicting the market cause if u taking what im saying seriously u likely going to blow yur account...

if we dont type what we thinking how can we become better traders..mistake need to be highlighted and learned from ...

i have no idea what the news brings tomorrow...
  • #75,965
  • Jul 14, 2008 2:05pm Jul 14, 2008 2:05pm
In light of high fuel prices we could expect CPI to be high ..... rate hike possibility has been added to the picture ..........thats why I thought maybe the numbers not up to consensus .......you never know......... now I start to worry about my shorts........... maybe this is also a loss as usual for me lol

Quoting atif
PPI was lower so I am expecting the same for CPI. What you think?
BANDA333
  • #75,966
  • Jul 14, 2008 2:34pm Jul 14, 2008 2:34pm
Quoting BANDA
In light of high fuel prices we could expect CPI to be high ..... rate hike possibility has been added to the picture ..........thats why I thought maybe the numbers not up to consensus .......you never know......... now I start to worry about my shorts........... maybe this is also a loss as usual for me lol

dont worry bro ...all good things come with time
  • #75,967
  • Jul 14, 2008 3:00pm Jul 14, 2008 3:00pm
Quoting magictrader
If this pair will go up, then next resistance could be @ 1,9960 - 1,9970 (important Fibs from different high lows)

Now we're also at some important Fibo levels from intraday ABCD pattern so it could reverse.
Now this level is in play, if brake up then next stop could be 2,0010 - 2,0020.
If it will reverse now, then we could see 1,9770 area as support.

Now I'm looking at 50% of the last up candle on H1 chart, looks like evening star. If close below 50% then could go down.
  • #75,968
  • Jul 14, 2008 3:24pm Jul 14, 2008 3:24pm
Thank you navin for the kind words........ as long as we work together I think we can learn and improve and how nice would be to feel that we all are citizens of the world..........

Quoting nAVIN2007
dont worry bro ...all good things come with time
BANDA333
  • #75,969
  • Jul 14, 2008 4:18pm Jul 14, 2008 4:18pm
15-07-2008
Attached Image
  • #75,970
  • Jul 14, 2008 5:13pm Jul 14, 2008 5:13pm
Quoting Abuawad
15-07-2008
Hi Abuawad,

On what time frame or which candle are you looking at for saying that the last close direction is up? Thanks
  • #75,971
  • Jul 14, 2008 5:32pm Jul 14, 2008 5:32pm
Quoting mirdaniel
Hi Abuawad,

On what time frame or which candle are you looking at for saying that the last close direction is up? Thanks
on 4h chart , GMT + 3.
why it's Up that the direction for yesterday
  • #75,972
  • Jul 14, 2008 5:43pm Jul 14, 2008 5:43pm
Quoting Abuawad
on 4h chart , GMT + 3.
why it's Up that the direction for yesterday
He is correct in that the overall direction is up; however, this is due to retrace (limited downside before resume of upward move) today! and for a better answer to wh it's up, the MACD of the 4 hour chart is above the 0 line, which signifies an overall buy, but if you shirnk the chart 1 click and connect the highest highs with a trenline, you will see that this is a double top on hourly or triple if you count the 1 higher candle, but didn't close above. For further confirmation, put a stochastic on it.............
  • #75,973
  • Jul 14, 2008 6:30pm Jul 14, 2008 6:30pm
Seems like the GU does not moving much after i slept for whole night. Juz close it out wif +68. gonna work soon. still waiting to challenge 1.9977.
  • #75,974
  • Jul 14, 2008 6:48pm Jul 14, 2008 6:48pm
GBP Set to Weaken Further Over Summer
Niels-Henrik Bjørn Sørensen, Senior Analyst, Danske Bank

Data over the past month has merely been a continuation of the trend that started in early spring: inflation indicators have strengthened while activity indicators have worsened. One brief ray of light was the much better-than- expected retail sales, sparked higher by exceptionally warm weather in May, which spurred sales of seasonal food and clothing. But on the whole, data was worrying, which was best confirmed by the large drop in the important PMI index, now contracting the most since 2001. In the short term, the BoE has its hands tied due to rising inflation. CPI inflation is set to rise further. In our forecast, inflation will move up towards 4.5% in October-November before falling back gradually. Inflation will probably be in 'letter-writing' territory until late summer/early autumn 2009. This implies that the Governor of the BoE, Mervyn King, may have to write around six letters to the Chancellor (for every third month that inflation is above 3% (below 1%), a letter is required).


http://danskeresearch.danskebank.com...C_09072008.pdf

There is no bad decisions, its only didn't work out.
  • #75,975
  • Jul 14, 2008 7:16pm Jul 14, 2008 7:16pm
Hi All. Long time reader,,,,,first time posting. It should be well apparent, especially after today, that the US banking system is in huge trouble. To be honest with everyone here, I am seriously considering taking all my money out of the bank tomorrow morning. I live and work in the US and I can tell you first hand, especially the folks overseas, that it is getting very interesting here. To me, I honestly think that prople will try to find refuge in safer currency other than the dollar right now. The federal government is taking federal tax dollars from the US citizens and bailing out Indymack, the second largest US bank to default.....ever in the history of our government. I just can't imagine what the feds are going to do, if the news reports are right by saying that we could have ( and do have already) HUNDREDS of banks that could fail within the next year. Now what does that tell you about the dollar....? Your thoughts are appreciated.
  • #75,976
  • Jul 14, 2008 7:44pm Jul 14, 2008 7:44pm
Quoting peppertree2
Hi All. Long time reader,,,,,first time posting. It should be well apparent, especially after today, that the US banking system is in huge trouble. To be honest with everyone here, I am seriously considering taking all my money out of the bank tomorrow morning. I live and work in the US and I can tell you first hand, especially the folks overseas, that it is getting very interesting here. To me, I honestly think that prople will try to find refuge in safer currency other than the dollar right now. The federal government is taking federal tax dollars from the US citizens and bailing out Indymack, the second largest US bank to default.....ever in the history of our government. I just can't imagine what the feds are going to do, if the news reports are right by saying that we could have ( and do have already) HUNDREDS of banks that could fail within the next year. Now what does that tell you about the dollar....? Your thoughts are appreciated.
I also believe that we are severely screwed here in the US.

Either these people running our country are braindead idiots, or this is being done on purpose...for whatever reason, it doesn't matter.

I tend to think it's on purpose...these people are not idiots.

Now, you have to look at why "they" are doing this. Heck that's anyones guess.

95% of Americans don't even know a thing about what the dollar is doing. I tried to tell my boss that over the last 7 years, my pay is basically half of what I was getting paid back in 2000....he didn't even have a clue what I was talking about...lol.

There's nowhere to hide unless you have enough money to get out of the country, but that ain't most of us. Buy all the gold you want...it's not going to help, imo.
  • #75,977
  • Jul 14, 2008 7:53pm Jul 14, 2008 7:53pm
I am also worried what the future will hold for us....... only thing we can do is hope for the best.........worry innocent people suffer from this melt down..........I am already feeling it........as I am jobless......

Quoting saint_berzer
I also believe that we are severely screwed here in the US.

Either these people running our country are braindead idiots, or this is being done on purpose...for whatever reason, it doesn't matter.

I tend to think it's on purpose...these people are not idiots.

Now, you have to look at why "they" are doing this. Heck that's anyones guess.

95% of Americans don't even know a thing about what the dollar is doing. I tried to tell my boss that over the last 7 years, my pay is basically half of what I was getting paid back in 2000....he didn't even have a clue what I was talking about...lol.

There's nowhere to hide unless you have enough money to get out of the country, but that ain't most of us. Buy all the gold you want...it's not going to help, imo.
BANDA333
  • #75,978
  • Jul 14, 2008 8:08pm Jul 14, 2008 8:08pm
Quoting BANDA
I am also worried what the future will hold for us....... only thing we can do is hope for the best.........worry innocent people suffer from this melt down..........I am already feeling it........as I am jobless......
What was that expression Warren Buffet said? Buy on Fear?
  • #75,979
  • Jul 14, 2008 8:14pm Jul 14, 2008 8:14pm
fear is a factor .....for most negative consequences .....cloud what is your outlook on GBP/$ for next 24H are you bullish? I am holding a short still...........

Quoting Clouds
What was that expression Warren Buffet said? Buy on Fear?
BANDA333
  • #75,980
  • Jul 14, 2008 8:15pm Jul 14, 2008 8:15pm
Quoting BANDA
fear is a factor .....for most negative consequences .....cloud what is your outlook on GBP/$ are you bullish? I am holding a short still...........
bearish at 1.99 , bullish at 1.93
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