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Cable Update (GBPUSD)

  • #77,241
  • Jul 23, 2008 1:46pm Jul 23, 2008 1:46pm
Quoting nAVIN2007
the market this week has totally finished me off in terms of no movement and emotion always made me bail then it flys....
well,
in the daily charts, it shows a sell level,
but it doesn't want to go down.

yet it doesn't want to go up.

eventually,
we will go down before we continue to the next target of 2.03..
  • #77,242
  • Jul 23, 2008 1:48pm Jul 23, 2008 1:48pm
Quoting tarektm
well,
in the daily charts, it shows a sell level,
but it doesn't want to go down.

yet it doesn't want to go up.

eventually,
we will go down before we continue to the next target of 2.03..
I concur. I'm looking for a pull back to the 1.985x area where the buyers are waiting to pull the trigger. I'll be loading my longs here.
Just digging in the trenches like everyone else!
  • #77,243
  • Jul 23, 2008 1:48pm Jul 23, 2008 1:48pm
Quoting atif
I also couldn't understand for this bullish action. One says rate hike, One says rate cut and 7 person says hold.
How that could be bullish indication for future rate hike? It's 1-1 draw.
Market behave weird sometimes.
Just wait in next couple of days this bullishness will go away and they will forget about all this 7-1-1 crap. I don't buy it.
I am dovish with GBP until I see it fall to 1.97 level only then I will buy. Not before that.
well,
sterling isn't like euros.
if it couldn't break a support, it will go 100 pips up, to gain new support and to raise trust then it will tank ( as members here say )
  • #77,244
  • Jul 23, 2008 1:50pm Jul 23, 2008 1:50pm
Quoting eohater
Your retracement might be coming in the next 30 mins. I just closed my short from 2.0022. Hoping to enter again around the 2.002x area for another short.
damn brotha!!!!
i like the way you trade...

gotta toke.. then startworking on my school paper...
i'm out.
goodday everyone
  • #77,245
  • Jul 23, 2008 1:50pm Jul 23, 2008 1:50pm
Quoting tarektm
Take it easy.
Did not mean to offend anyone just trying to put a little humor out there. Very happy with my choices, love forex, and appreciate everyones input.
Please ask questions and share your experiences with us all!
  • #77,246
  • Jul 23, 2008 1:50pm Jul 23, 2008 1:50pm
Figures, I had to go to the office...I almost put a sell in just got back
  • #77,247
  • Jul 23, 2008 1:54pm Jul 23, 2008 1:54pm
Quoting Manny
damn brotha!!!!
i like the way you trade...

gotta toke.. then startworking on my school paper...
i'm out.
goodday everyone
thanks bro..

Hit the pipe once for me. I'm hittin it now for you!
Just digging in the trenches like everyone else!
  • #77,248
  • Jul 23, 2008 2:05pm Jul 23, 2008 2:05pm
ok, time for it to go back up to the 2.002x area. I'll be going short again at the price of 2.0022 for the 3rd time today.
Just digging in the trenches like everyone else!
  • #77,249
  • Jul 23, 2008 2:05pm Jul 23, 2008 2:05pm
Quoting LuckyLurker
In the back of my mind though I know the fed's tone on wanting a strong dollar has changed soo much over the last 3 months. This should not be ignored because at any moment they could unleash the fury. They are getting a lot of pressure for a strong dollar and at some point they will take action and not just offer lip service.

Im still GBP bullish and buying dips with this pair, but every month that goes by, I'm hearing a new tone of enough is enough. These guys have some game if they choose to go there. It's not a matter of if, it's when.

yep thats why i keep shorting cable ..scared to long at high level like this..
  • #77,250
  • Jul 23, 2008 2:11pm Jul 23, 2008 2:11pm
Quoting nAVIN2007
yep thats why i keep shorting cable ..scared to long at high level like this..
The buyers are waiting around 1.985x area. I should probably adjust that to 1.986x area today. Anyways, I'm ready to short again at 2.0022 PO is placed.
Just digging in the trenches like everyone else!
  • #77,251
  • Jul 23, 2008 2:16pm Jul 23, 2008 2:16pm
i only buy cable when we below 1.95.....
  • #77,252
  • Jul 23, 2008 2:18pm Jul 23, 2008 2:18pm
Quoting nAVIN2007
i only buy cable when we below 1.95.....

That's great!
Just digging in the trenches like everyone else!
  • #77,253
  • Jul 23, 2008 2:27pm Jul 23, 2008 2:27pm
Wish I stayed home
Attached Image
  • #77,254
  • Jul 23, 2008 2:54pm Jul 23, 2008 2:54pm
where is everyone?
Keep It Simple Stupid
  • #77,255
  • Jul 23, 2008 3:01pm Jul 23, 2008 3:01pm
It got quite really quick
Please ask questions and share your experiences with us all!
  • #77,256
  • Jul 23, 2008 3:06pm Jul 23, 2008 3:06pm
Quoting bkg102665
It got quite really quick
I think most people are out. Cable Closed below 2.000 confirms further downside to 198.50 - 198.70 before a rise back up.

How come I can't post my charts? .. Anyone else having an issue with the "attach" function?
  • #77,257
  • Jul 23, 2008 3:08pm Jul 23, 2008 3:08pm
Quoting poweredbuyer
I think most people are out. Cable Closed below 2.000 confirms further downside to 198.50 - 198.70 before a rise back up.

How come I can't post my charts? .. Anyone else having an issue with the "attach" function?
I put up a 1hr abit ago it went ok.
  • #77,258
  • Jul 23, 2008 3:32pm Jul 23, 2008 3:32pm
got out at break even - it's just poddling around - off to ride my 1250 Suzuki Bandit across the desert to Ephrata - yee har look out you rattlesnakes !

Let's see what Thursday brings

So how would the Fed strengthen the dollar ? put interest rates up and screw the GDP figures ? Does that work ? Tell G W to do the decent thing ? They could skew the market for a week or so with heavy buying but then they would be out of foreign currency

They could pull out of Iraq - that would do it - and it would pull gas prices and inflation down - bet they haven't thought of that one though
  • #77,259
  • Jul 23, 2008 3:33pm Jul 23, 2008 3:33pm
Quoting allserene
They could pull out of Iraq - that would do it - and it would pull gas prices and inflation down - bet they haven't thought of that one though
That is great!

Hope you have a nice ride on your bike!
Just digging in the trenches like everyone else!
  • #77,260
  • Edited 4:21pm Jul 23, 2008 3:56pm | Edited 4:21pm
Quoting allserene
got out at break even - it's just poddling around - off to ride my 1250 Suzuki Bandit across the desert to Ephrata - yee har look out you rattlesnakes !

Let's see what Thursday brings

So how would the Fed strengthen the dollar ? put interest rates up and screw the GDP figures ? Does that work ? Tell G W to do the decent thing ? They could skew the market for a week or so with heavy buying but then they would be out of foreign currency

They could pull out of Iraq - that would do it - and it would pull gas prices and inflation down - bet they haven't thought of that one though
Rates will be raised. If not this year, Q1 for certain. If the buc goes much lower they will buy dollar and if you think this will have no effect see 1996-98 through 2001. Thats what happened there. Also see sept 1992 when we were basically at these levels. This pair dropped 6k pips in 6 months.

yes you are soo right, not draining our money into the banks of military contractors would be a nice start.. it's not even our money though lol.

this article is major lip service but at least the lips are moving in the right direction now. http://www.bloomberg.com/apps/news?p...d=ao1HLC6Blg00

and last but not least from a worldwide view, a really weak dollar helps noone.
USD Est Non Mortuus
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