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Cable Update (GBPUSD)

  • #80,941
  • Aug 8, 2008 3:26am Aug 8, 2008 3:26am
She is not done yet 220 could be seen today. :nerd: Longs watch your back
Don't Get Bitter, Get Better
  • #80,942
  • Aug 8, 2008 3:28am Aug 8, 2008 3:28am
Hi my friend,
I’m happy that I took the last two days off. And don’t jump in long. In the same time im regret that I close my short from 1.9850… but that’s cool. Happy trading for you all. I’m out till see what will happen.
  • #80,943
  • Aug 8, 2008 3:31am Aug 8, 2008 3:31am
Quoting Abuawad
Hi my friend,
I’m happy that I took the last two days off. And don’t jump in long. In the same time im regret that I close my short from 1.9850… but that’s cool. Happy trading for you all. I’m out till see what will happen.
I would have loved to be in a short from there too. Maybe you made enough for an Aston Martin DBS this week to replace the other one.
Don't Get Bitter, Get Better
  • #80,944
  • Aug 8, 2008 3:36am Aug 8, 2008 3:36am
Quoting NuB
I would have loved to be in a short from there too. Maybe you made enough for an Aston Martin DBS this week to replace the other one.
:nerd:
  • #80,945
  • Aug 8, 2008 3:49am Aug 8, 2008 3:49am
Well Im getting tired. See you all at the US open.
Don't Get Bitter, Get Better
  • #80,946
  • Aug 8, 2008 3:51am Aug 8, 2008 3:51am
Quoting salah k.
its goodd man but its a retracement so dont keep them for a long time
we have a second wave of shorts espeicially if trichet just indirectly admitted to recession hitting europe
so remember USA last year well have the european version coming soon
hi bro
keefak
i will be happy if i have your e-mail
i wanna discuss many things with you.
my e-mail ([email protected]) .
  • #80,947
  • Aug 8, 2008 3:52am Aug 8, 2008 3:52am
hi guys i am (Tiger hunter) i am posting from my brand new profile coz i facing some
technical errors with my ex profile prevent me from posting.
my last perdiction was in the euro room, i perdict retracement lasted for 2 or 3 days as i remeber,
and then the price reward me by good fall . by closed my hedge and let price run
i was want to send my detection for the fall to add to my calls record but was prevented from doing that

the quistion now are the price will retrace or not ?

yea maybe and why i am saying that coz i forecast a rang period for today.
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  • #80,948
  • Aug 8, 2008 4:06am Aug 8, 2008 4:06am
Navin i am short on UJ and long on GU.What is doing iur USD index.Pleeeaseee
  • #80,949
  • Aug 8, 2008 4:16am Aug 8, 2008 4:16am
Quoting "expert"
Navin i am short on UJ and long on GU.What is doing iur USD index.Pleeeaseee
ok it hasnt actually broke the resistance.....i dont think it will but impossible right now to tell...
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  • #80,950
  • Aug 8, 2008 4:19am Aug 8, 2008 4:19am
Quoting nAVIN2007
ok it hasnt actually broke the resistance.....i dont think it will but impossible right now to tell...

reversing i hope....
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  • #80,951
  • Aug 8, 2008 4:19am Aug 8, 2008 4:19am
Just FYI,

"A Reuters poll showed many economists see interest rates on hold all year, but analysts said that an outlook for higher prices in the BoE's quarterly Inflation Report on Wednesday may ignite speculation of a rate rise"
  • #80,952
  • Aug 8, 2008 4:20am Aug 8, 2008 4:20am
Quoting "expert"
Navin i am short on UJ and long on GU.What is doing iur USD index.Pleeeaseee
id say yur looking good bro!
  • #80,953
  • Aug 8, 2008 4:31am Aug 8, 2008 4:31am
Quoting JgrB
Just FYI,

"A Reuters poll showed many economists see interest rates on hold all year, but analysts said that an outlook for higher prices in the BoE's quarterly Inflation Report on Wednesday may ignite speculation of a rate rise"

there is no way a hike could happen wit housing so bad in england not to mention credit conditions tightening
so if ur counting on a rate hike dont
a rate cut is more likely to happen first
one more thing crude and commodities are going lower so less inflation will happen in the upcoming months
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #80,954
  • Aug 8, 2008 4:36am Aug 8, 2008 4:36am
I add 1 short on GJ.We are about to break daly trend line.So maybe we can all go to Gj and UJ battlefield for now
Closing cable for now
  • #80,955
  • Aug 8, 2008 4:43am Aug 8, 2008 4:43am
this is not good for me ...more fall
  • #80,956
  • Aug 8, 2008 4:52am Aug 8, 2008 4:52am
I took profit @ 1.9225, and I feel we are very near the bottom now. I sure hope so for the sake of all the people that are still holding longs.

I'm done for the week, pips in the bank, it's been a good week, had a couple of losers trying to pick the bottom, but overall a very profitable run.

Good Luck to everyone still trading today.

Have a great weekend.

G10
Enlightened.
  • #80,957
  • Aug 8, 2008 4:53am Aug 8, 2008 4:53am
Quoting salah k.
there is no way a hike could happen wit housing so bad in england not to mention credit conditions tightening
so if ur counting on a rate hike dont
a rate cut is more likely to happen first
one more thing crude and commodities are going lower so less inflation will happen in the upcoming months
Yesterday before the BOE rate decision, some guy came out and said he expected a rate increase. Where is their logic? It was the most ridiculous thing to expect right now, when UK economy data have come out red one after another, and oil and commodities have been going down due to strong $. Why on earth would they consider raising rates right now? I just hope they don't come out with some hints that now inflation has abated, they would consider lowering rates. Then cable will really free fall, when we are long.
Expected the unexpected
  • #80,958
  • Aug 8, 2008 4:54am Aug 8, 2008 4:54am
Quoting scyang
Yesterday before the BOE rate decision, some guy came out and said he expected a rate increase. Where is their logic? It was the most ridiculous thing to expect right now, when UK economy data have come out red one after another, and oil and commodities have been going down due to strong $. Why on earth would they consider raising rates right now? I just hope they don't come out with some hints that now inflation has abated, they would consider lowering rates. Then cable will really free fall, when we are long.
thats what im seeing and a rate cut is not too unlikely
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #80,959
  • Aug 8, 2008 4:56am Aug 8, 2008 4:56am
Quoting Abuawad
OK i think i'll take the remaining week off, i just close the best short i had from three years.
from 1.9850 to 1.9470, 380 pips...
seeeeeeeeeeee yaaa
i second that, my small short trade from 19445 yesterday currently 225pips onside and counting....

seems king dollar is back temporarily!



happy trading all
Trading is 80% Emotional, 20% Technical
  • #80,960
  • Aug 8, 2008 4:58am Aug 8, 2008 4:58am
I dont know about your margin but if you are still long then....I don't know.

And you know what they say what London starts NY finish
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