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Cable Update (GBPUSD)

  • #78,681
  • Jul 29, 2008 2:50pm Jul 29, 2008 2:50pm
Quoting eohater
Anyone else long besides us? My price at 1.9770 is working out very nice.
Long @9777 and 9800, how long will you be holding this position. I am thinking 9860?
Please ask questions and share your experiences with us all!
  • #78,682
  • Jul 29, 2008 2:57pm Jul 29, 2008 2:57pm
i noticed something weird about how most of the guys here trade... lol anyway, maybe i am weird but as long as we all win it is cool
When life gives you lemons, make lemonade
  • #78,683
  • Jul 29, 2008 2:58pm Jul 29, 2008 2:58pm
Quoting bkg102665
Long @9777 and 9800, how long will you be holding this position. I am thinking 9860?
That's a pretty good target if you don't mind holding it open during the US close. My position just closed out for 30. I missed the ride down last night . I'm expecting it to go back down and retest the 1.976x area and then shoot back up to 1.986x area.
Just digging in the trenches like everyone else!
  • #78,684
  • Edited 3:17pm Jul 29, 2008 2:59pm | Edited 3:17pm
Quoting bkg102665
Long @9777 and 9800, how long will you be holding this position. I am thinking 9860?
Just got out while I am doing my UK tax return...

I am thinking it will hang around 1.98 for some hours now

At this point in the daily charts and with contradictory indications on the hourly, and with oil being more volatile than usual, I am really wary

I want to see a movement from where we are now before I go back in

I respect all the traders who are saying up or down as there is a good argument for both

i have kept all my gains from the last few weeks and had a chance of more and got out without it costing me...I should think myself lucky and have a ginger biscuit

I have just had some branston pickle at $6 a tiny jar and I am all serene

If the rest of the world knew branston pickle they would dump gold and buy a warehouse of branston pickle... alas they are doomed to die without knowing the ecstasy

Wall street are nuts - the speculators take oil down for a few days and they think the wolf has gone from the door and the shark has left the beaches..

there are people running on the pitch - they think it's all over - they think the DOW is headed to 14,000 again !

imber seals !

http://www.gdargaud.net/Antarctica/Life/WeddellSeal.jpg
  • #78,685
  • Jul 29, 2008 3:15pm Jul 29, 2008 3:15pm
Hey fellow traders,

I might be observing a MACD divergence on monthly.

Possible reversal coming:

1) I see it has been very bullish for a long time;
2) I see as oil has come down; stronger USD indication across the board.

The two reasons above make me think a reversal is coming up mybe in 9-10 months. Exact timing is still too soon to tell.

I also have reasons to think price is headed down intra-day.

I see a triangle forming on daily and if it's true, price could head down towards the LTL of the triangle, in maroon.

Cheers to all.
JP.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp_usd_daily_29_07_2008_triangle.gif Size: 20 KB
Click to Enlarge Name: gbp_usd_mn_29_07_2008_divergence.gif Size: 23 KB
  • #78,686
  • Jul 29, 2008 3:21pm Jul 29, 2008 3:21pm
All serene i love your persistance with selfless promoting of branston pickle i guess you will tell me a bacon butty is best served with brown sauce as opposed to red sauce lol. Have you guessed i am a southerner!! i am not geting excited about a long until 19943 and I am not to keen about a short until 19741 ish as it bounced off previous descending channel

Big range I know but my sell order is at 19860. please tell me your branston pickle visions are saying the same

PS second post on this forum struggling to break even at the moment. iwsh everyone good luck in this period of make or break!!!!
  • #78,687
  • Jul 29, 2008 3:21pm Jul 29, 2008 3:21pm
Quoting micho
i noticed something weird about how most of the guys here trade... lol anyway, maybe i am weird but as long as we all win it is cool
?? what
  • #78,688
  • Jul 29, 2008 3:38pm Jul 29, 2008 3:38pm
Quoting Readie
All serene i love your persistance with selfless promoting of branston pickle i guess you will tell me a bacon butty is best served with brown sauce as opposed to red sauce lol. Have you guessed i am a southerner!! i am not geting excited about a long until 19943 and I am not to keen about a short until 19741 ish as it bounced off previous descending channel

Big range I know but my sell order is at 19860. please tell me your branston pickle visions are saying the same

PS second post on this forum struggling to break even at the moment. iwsh everyone good luck in this period of make or break!!!!
Jupiter Peak your prediction may coincide with bamalamadingdong becoming president and the turn of the economic cycle and 1.82 at that time would be my direction of thought also

Readie, don't you southerners from 3 hours down the road eat BP ? Tomato sauce indeed

Funny isn't it how you were a galaxy away from me at 3 hours driving down the M1 and now it takes me 3 hours to get to the next town ! Seattle 3 hours west and Spokane 3 hours east.
I agree with your analysis and we are in no man's land right now and need to see direction

If oil is going to 75 dollars then there will be a burst of euphoria but will US interest rates go up then ? need they ? The inflation would be reduced but the FED could move without harming growth and they would

Sometimes the market works on interest rate differentials and sometimes on inflation - I am very wary of imposing my economics on this madhouse

ok - back to the tax fiddles
  • #78,689
  • Jul 29, 2008 3:45pm Jul 29, 2008 3:45pm
Quoting DJ4x
?? what
it is like we trade the opposite of each others
When life gives you lemons, make lemonade
  • #78,690
  • Jul 29, 2008 3:59pm Jul 29, 2008 3:59pm
allserene- haven't figured out posting with quotation of previous reply! instead of BP i stop in house to MOTO stations which now dominate the motorways! whatever happened to little chef!!! . I am off to paris tomorrow leaving my sell order 19860 with a stop of 19941 (only small lots so wont loose millions). Even though I am travelling to a different country in EU it still does not cross the distance of an average state in the US of A (wierd). Have to remain sceptical about longs as there was 3 rejections of 200 sma to the upside. As usual there will be conflict between the east and west side at these times! I am confident overall position is down after 31.8 retrace. If i am wrong i will eat my words (with a small bit of red sauce!). I am certain all the big boys in england are thinking the same (I work in retail (ouch), my 2 bed terrace in ascot has dropped from £245 house 2 doors down 3 months ago to £221 house next door last week and i refuse to sell!!) petrol cost has made me think about selling my sports car and all the news is talking about how my energy bills are going to cost me extra this winter and wearing a jumper is a way to counter act this rising cost!!!

Sorry for essay but just my opinion!!! please can everyone push the market down to my TP at 19670 whilst I am in Paris I would love to hear how things are in the states as a comparrison as I just dont trust Ben any more!!

for the tomorrow follow the 8 SMA as a good guide!!!
  • #78,691
  • Jul 29, 2008 4:27pm Jul 29, 2008 4:27pm
All i can say guys is that the pound is headed upwards tommorrow?probaly to the 19860 area or above.
  • #78,692
  • Jul 29, 2008 4:35pm Jul 29, 2008 4:35pm
Quoting Readie
allserene- haven't figured out posting with quotation of previous reply! instead of BP i stop in house to MOTO stations which now dominate the motorways! whatever happened to little chef!!! . I am off to paris tomorrow leaving my sell order 19860 with a stop of 19941 (only small lots so wont loose millions). Even though I am travelling to a different country in EU it still does not cross the distance of an average state in the US of A (wierd). Have to remain sceptical about longs as there was 3 rejections of 200 sma to the upside. As usual there will be conflict between the east and west side at these times! I am confident overall position is down after 31.8 retrace. If i am wrong i will eat my words (with a small bit of red sauce!). I am certain all the big boys in england are thinking the same (I work in retail (ouch), my 2 bed terrace in ascot has dropped from £245 house 2 doors down 3 months ago to £221 house next door last week and i refuse to sell!!) petrol cost has made me think about selling my sports car and all the news is talking about how my energy bills are going to cost me extra this winter and wearing a jumper is a way to counter act this rising cost!!!

Sorry for essay but just my opinion!!! please can everyone push the market down to my TP at 19670 whilst I am in Paris I would love to hear how things are in the states as a comparrison as I just dont trust Ben any more!!

for the tomorrow follow the 8 SMA as a good guide!!!
UK and US employment has held up incredibly well so far. Until that slips we have seen NOTHING yet.

In 1995 I was a fully qualified professional accountant aged 47 with director level international experience in manufacturing companies and I was told by an agency that I was too old and I would never work again ! Unemployment was awful then. This now is nothing !

If it doesn't get much worse than this, then the West will come back strongly in 12 months

It isn't so long since the US was doing well under Clinton so it can be fixed and we will see 1.82 again once this bone head goes. I have already been retired 6 years and McCain is 12 years older than me - idiot - he should follow my example and take it easy and talk crap all day and play forex before he cocks his toes up

I don't underestimate the USD, as the potential is there given the right economic leadership
  • #78,693
  • Jul 29, 2008 4:52pm Jul 29, 2008 4:52pm
Quoting allserene
UK and US employment has held up incredibly well so far. Until that slips we have seen NOTHING yet.

In 1995 I was a fully qualified professional accountant aged 47 with director level international experience in manufacturing companies and I was told by an agency that I was too old and I would never work again ! Unemployment was awful then. This now is nothing !

If it doesn't get much worse than this, then the West will come back strongly in 12 months

It isn't so long since the US was doing well under Clinton so it can be fixed and we will see 1.82 again once this bone head goes. I have already been retired 6 years and McCain is 12 years older than me - idiot - he should follow my example and take it easy and talk crap all day and play forex before he cocks his toes up

I don't underestimate the USD, as the potential is there given the right economic leadership
Its always foolish to get rid/not hire experienced employees if you ask me! Does that lead to slow steady economic recovery in respective sectors as whipper snappers learn the ropes!? guess it all works in cycles somehow! wish everyone good pips over next few days. I will see you all at 19660 hopefully! I have to leave as my girlfriend is wondering why a chart of green and red sticks gets more attention than her!!!!!!

Take it easy! If it doesnt look right dont trade it!
  • #78,694
  • Jul 29, 2008 4:55pm Jul 29, 2008 4:55pm
Quoting monies
All i can say guys is that the pound is headed upwards tommorrow?probaly to the 19860 area or above.
got a chart?
  • #78,695
  • Jul 29, 2008 5:00pm Jul 29, 2008 5:00pm
Quoting allserene
I have just had some branston pickle at $6 a tiny jar and I am all serene
The best!
USD Est Non Mortuus
  • #78,696
  • Jul 29, 2008 5:02pm Jul 29, 2008 5:02pm
Quoting monies
All i can say guys is that the pound is headed upwards tommorrow?probaly to the 19860 area or above.
I tend to think not so much. but if you're right, woot for you!
USD Est Non Mortuus
  • #78,697
  • Jul 29, 2008 5:03pm Jul 29, 2008 5:03pm
Quoting LuckyLurker
I tend to think not so much. but if you're right, woot for you!
I think 9830 -50 max before resuming down...
Patience + Discipline - Greed = Success
  • #78,698
  • Jul 29, 2008 5:15pm Jul 29, 2008 5:15pm
Quoting Readie
Its always foolish to get rid/not hire experienced employees if you ask me! Does that lead to slow steady economic recovery in respective sectors as whipper snappers learn the ropes!? guess it all works in cycles somehow! wish everyone good pips over next few days. I will see you all at 19660 hopefully! I have to leave as my girlfriend is wondering why a chart of green and red sticks gets more attention than her!!!!!!

Take it easy! If it doesnt look right dont trade it!
Wait til you are married - she won't be wondering any more - she will throw your screen on the floor and shut the shop up for 2 weeks til you apologise - I know, I have had 8 wives (only 2 were mine)

Well my staggering prediction that cable would park at 1.98 has come true and allowed me out - I am on the side and satisfied for now. No overnight positions today
  • #78,699
  • Jul 29, 2008 5:23pm Jul 29, 2008 5:23pm
Quoting allserene
Wait til you are married - she won't be wondering any more - she will throw your screen on the floor and shut the shop up for 2 weeks til you apologise - I know, I have had 8 wives (only 2 were mine)

Well my staggering prediction that cable would park at 1.98 has come true and allowed me out - I am on the side and satisfied for now. No overnight positions today
My sniggering at your reply (8 wives only 2 were mine lol i wish i had an emoticon for that!) has just landed me in trouble as she can not understand how a chart of red and green sticks can provide laughter. I should learn not to take the laptop to bed as it may be in danger! goodnight from the UK!!
  • #78,700
  • Jul 29, 2008 6:02pm Jul 29, 2008 6:02pm
Quoting Infinity
I think 9830 -50 max before resuming down...
That is certainly more accurate. My buy target has been adjusted to 9716. It will be one of those touch and ups I think. Prob in the euro session.. and bam 3 for 1 swap wed and back up we go till next Tuesday.
USD Est Non Mortuus
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