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Cable Update (GBPUSD)

  • #76,061
  • Jul 15, 2008 3:18am Jul 15, 2008 3:18am
I love this sh!t. When done right, its like stealing money LOL
Don't Get Bitter, Get Better
  • #76,062
  • Jul 15, 2008 3:18am Jul 15, 2008 3:18am
Quoting Godzgreatgif
Any predictions if the GBP/USD will skyrocket during the news if its all positive ?
dollar is so weak right now, oil looks like its attempting to go down ...but this movement is scary...not even a retrace...uptrend move is powerfull ....god knows what going on ...i knew was bullish but this is the biscuit, no dip
  • #76,063
  • Jul 15, 2008 3:18am Jul 15, 2008 3:18am
If you dont believe that fundamentally GBP should be strong - there is a nice oppurtunity to short GBP/CHF (2-3 day medium term trade).

CHF is a winner because its a carry trade currency (which is currently unwinding). It is a safe-haven currency for geo-political instability and the swiss economy is not as bad as the others - so lesser of the evils.

I am going short GBP/CHF
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  • #76,064
  • Jul 15, 2008 3:19am Jul 15, 2008 3:19am
Quoting salah k.
my prayers are with shorts
marhaba
keefak bro salah
what do you think about CPI y/y
  • #76,065
  • Jul 15, 2008 3:20am Jul 15, 2008 3:20am
Quoting Abuawad
Good evening gentlemen
I just close my long at 2.0097 from yesterday at 1.9837 with 260 pips. This is the first time I keep position open form more than 24 hours.
Also I’ll be out Saudi Arabia during the next two days I’ll be able to post my analysis only for tomorrow. Happy trading my friends.
Be safe and have fun. See you when you get back.
Don't Get Bitter, Get Better
  • #76,066
  • Jul 15, 2008 3:20am Jul 15, 2008 3:20am
What do u think where Maximum GBP can go?
  • #76,067
  • Jul 15, 2008 3:21am Jul 15, 2008 3:21am
By the way I forgot to tell you that maybe I’ll leave forex market by the end of this year but I’m still not sure 100% but it’s in my mind.
  • #76,068
  • Jul 15, 2008 3:22am Jul 15, 2008 3:22am
Quoting sheraz
What do u think where Maximum GBP can go?
2.0149 & 2.0175
  • #76,069
  • Jul 15, 2008 3:23am Jul 15, 2008 3:23am
Quoting pal.forex
marhaba
keefak bro salah
what do you think about CPI y/y
ahleeeeeeeen keeeeeefo
meshe l 7al
dont know bro buut i would be surprised to see a weak number
UK has the inflation bad

and this might further push cable toward that 2.02 today
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #76,070
  • Jul 15, 2008 3:24am Jul 15, 2008 3:24am
Quoting NuB
I love this sh!t. When done right, its like stealing money LOL
I got a money printer, so in this paper chase I'm out running sprinters.
Don't Get Bitter, Get Better
  • #76,071
  • Jul 15, 2008 3:24am Jul 15, 2008 3:24am
Quoting NuB
I love this sh!t. When done right, its like stealing money LOL
The forever pathetic USD is simply great for one way trade.
I'm just moving clouds today - tomorrow I'll try mountains.
  • #76,072
  • Jul 15, 2008 3:24am Jul 15, 2008 3:24am
Quoting sheraz
What do u think where Maximum GBP can go?

2.0147
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #76,073
  • Jul 15, 2008 3:25am Jul 15, 2008 3:25am
Quoting Abuawad
By the way I forgot to tell you that maybe I’ll leave forex market by the end of this year but I’m still not sure 100% but it’s in my mind.
why u want to leave when yur so good ..easy money bro or u feeling guilty

jus kidding about the guilt
  • #76,074
  • Jul 15, 2008 3:30am Jul 15, 2008 3:30am
Hi all
If we will see a long shadow on the daily candle today which i expect to see,

we will go down and break the limits this time.
  • #76,075
  • Jul 15, 2008 3:33am Jul 15, 2008 3:33am
next year I look forward to the $3 pound...


...only kidding
If it's too good to be true, it probably is.
  • #76,076
  • Jul 15, 2008 3:33am Jul 15, 2008 3:33am
GBP http://www.forexfactory.com/images/m...mpact_high.gif CPI y/y

3.8% 3.6% 3.3%
  • #76,077
  • Jul 15, 2008 3:35am Jul 15, 2008 3:35am
End that was the high for today. Hope so
  • #76,078
  • Jul 15, 2008 3:35am Jul 15, 2008 3:35am
News gave a beautiful climax to that bull run Im out with 120+
Don't Get Bitter, Get Better
  • #76,079
  • Jul 15, 2008 3:35am Jul 15, 2008 3:35am
how far gu will go guys??
im looking forward 2.0300 ..what do u think guys??
  • #76,080
  • Jul 15, 2008 3:36am Jul 15, 2008 3:36am
Quoting Subdude
All priced in, it seems - profit taking will commence no matter the news.
That wasn't too tough to see - cable is done for the day.
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