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Cable Update (GBPUSD)

  • #81,741
  • Aug 12, 2008 10:47am Aug 12, 2008 10:47am
Quoting Carrera
I might need my sunglasses
Ofcourse, I live in the SUNSHINE state!!!.........
  • #81,742
  • Aug 12, 2008 10:51am Aug 12, 2008 10:51am
Quoting allserene
All the pundits were predicting 1.82 or 1.74 for cable by year end - months ago


Seems it held up very well and now its on its way there

I will not be alone in having bet that it would not be a straight line and that there would be some bounces between 1.99 and 1.72 and therefore I will not be alone in nursing some losses from this bounceless slide

I suppose this is the 'point of capitulation' where the longs get out and then the market buys those positions and the bounce occurs

I will hang on a bit longer with my much reduced position for this to happen -but if it does slide from 1.99 to 1.82 without a ripple, it will be one for the record books
dont count it out, happened after Soros smashed Norman Lamont in the 1990's with balck wednesday ERM fall out, went straight to 1.68 without blinking,

poll of 60 economists on reuters all but one (Nicole Elliott) going for sterling weakness in coming months, lone ranger going for upmove if 1.90 holds on monthly close.
Trading is 80% Emotional, 20% Technical
  • #81,743
  • Aug 12, 2008 11:05am Aug 12, 2008 11:05am
Quoting allserene
I will hang on a bit longer with my much reduced position for this to happen -but if it does slide from 1.99 to 1.82 without a ripple, it will be one for the record books
So you are putting your money on the line just to test what cable will do or just for record purpose. This is no longer scientific trading you always claim but pure gambling, even worse than creative betting.

What about those who have all along being following your calls without
much capital and now licking their wounds?
  • #81,744
  • Aug 12, 2008 11:11am Aug 12, 2008 11:11am
Quoting fx local
dont count it out, happened after Soros smashed Norman Lamont in the 1990's with balck wednesday ERM fall out, went straight to 1.68 without blinking,

poll of 60 economists on reuters all but one (Nicole Elliott) going for sterling weakness in coming months, lone ranger going for upmove if 1.90 holds on monthly close.
I will certainly be shorting any spikes up, but it is a developing situation rather than the shock of falling out of the ERM so I don't expect a straight line

Now that the USA has solved it's twin deficits, housing crisis, credit markets shrinkage and has a fast growing GDP, I suppose the dollar will just go through the roof

Interesting stuff but I will have to pay attention now rather than just making money range trading - I though that was too easy
  • #81,745
  • Aug 12, 2008 11:14am Aug 12, 2008 11:14am
Quoting fxbroker
So you are putting your money on the line just to test what cable will do or just for record purpose. This is no longer scientific trading you always claim but pure gambling, even worse than creative betting.

What about those who have all along being following your calls without
much capital and now licking their wounds?
Hmmm, this seems a little mean spirited to me. Nobody should be blindly following anyone's calls on here.

Every human being makes mistakes.



G10.
Enlightened.
  • #81,746
  • Aug 12, 2008 11:24am Aug 12, 2008 11:24am
Quoting fxbroker
So you are putting your money on the line just to test what cable will do or just for record purpose. This is no longer scientific trading you always claim but pure gambling, even worse than creative betting.

What about those who have all along being following your calls without
much capital and now licking their wounds?
I am just reporting what I am doing and not claiming to be an expert. I would be surprised if anyone places positions based on that .

They are far more likely to follow those who routinely claim to win every trade retrospectively

I report my losses - and my wins are only ever claimed to be small ones - I have said that my biggest gain was when I left my computer off for 2 weeks when a position was running by mistake

Recently I made a number of small gains from range trading and now I have a loss to wipe those out

Hardly the words of a self proclaiming guru who should be followed ?

If non of us were able to post our thoughts without being held accountable to people who followed those thoughts, then we would all be nursing bad conciences as well as losses
  • #81,747
  • Aug 12, 2008 11:34am Aug 12, 2008 11:34am
hi aserrene... i must disagree on cable future movments,...its the best looking pair out there,..maybe only kiwi looks nastier,...but cable was just the bigest outperformer,..from 2.012 to 1.9000...come on thats 2200 pips if i am coorect....and still it looks like it wants to make further drop doesnt it?....crazy...
its just money
  • #81,748
  • Aug 12, 2008 11:40am Aug 12, 2008 11:40am
Quoting de123
hi aserrene... i must disagree on cable future movments,...its the best looking pair out there,..maybe only kiwi looks nastier,...but cable was just the bigest outperformer,..from 2.012 to 1.9000...come on thats 2200 pips if i am coorect....and still it looks like it wants to make further drop doesnt it?....crazy...
Yo de123 -

Do you vote

'straight line to 1.72' or

bumpy down to 1.82 with short and long opportunities - or

recovery to 2.00 when BOE put rates up

???

(Be assured I won't place positions on your answer or blame you if I do !)
  • #81,749
  • Aug 12, 2008 11:43am Aug 12, 2008 11:43am
who cares..i aim for 40s currently if range broken...will look for long term 1.9666, ...1.8666 i forget this number exist...
its just money
  • #81,750
  • Aug 12, 2008 11:43am Aug 12, 2008 11:43am
Quoting allserene
Now that the USA has solved it's twin deficits, housing crisis, credit markets shrinkage and has a fast growing GDP, I suppose the dollar will just go through the roof
Waooooo I thought you are not always serious with your analysis. I respect
this last statement of yours.

I think this is the watch dog in the coming days/weeks by weighing
the US economy against that of the UK. and we trade it off up or down or even side ways if possible.

If we have to just use betting alone I think the US economy will do better than that of the UK in the coming days. Why?

Because of the country's faith in God: "in God We Trust." But they still need to pray more in other to redirect the country to its original status.

For now it will take a Divine Jinx to push the UK economy up against the US. This is a common Godly Wisdom - and technically speaking if I look at fractal self-similiarity now, this met down may go down or pemeate to 7383 if 9000 cave in.

I hope you will not be calling me a prophet of doom. It has not happened yet. Which means people should always watch their back. But I do not see that bang theory that can push up the UK/ Eur economy against the one that trust in God right now. . We do not need degrees from Harvad to know this.

But it is only logical because if US people have already adjusted to the credit crunch, and can no longer afford things from abroad, imports from UK/ Eur and china and Japan will be hard hit (this is the butterfly effect science is looking for); and those economies will decline; and the US balance of trade and overall outlook can only be better in the rest coming weeks and months.

The other pointer:

What if Obama - wins and will bring the boys home? the country will have enough money to spend instead of waste it on wars. USD will become stronger again.

What do you think of mine analysis? I am not an economist. I know it is not scientific enough to your taste. But let us see how the coming weeks play out .......
  • #81,751
  • Aug 12, 2008 11:45am Aug 12, 2008 11:45am
Quoting de123
who cares..i aim for 40s currently if range broken...will look for long term 1.9666, ...1.8666 i forget this number exist...
go for it stary kon !
  • #81,752
  • Aug 12, 2008 11:46am Aug 12, 2008 11:46am
you guys are funny
Don't chase the market, Let the market come to you
  • #81,753
  • Aug 12, 2008 12:17pm Aug 12, 2008 12:17pm
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  • #81,754
  • Aug 12, 2008 12:20pm Aug 12, 2008 12:20pm
Quoting fxbroker
Because of the country's faith in God: "in God We Trust." But they still need to pray more in other to redirect the country to its original status.
:

What if Obama - wins and will bring the boys home? the country will have enough money to spend instead of waste it on wars. USD will become stronger again.

.......
The US lurches from one war to the the next and always has - they will never leave IRAQ totally and the army will always be deployed..Europe/cuba/vietnam/cambodia/laos/granada/korea/kosovo/iraq - if it isn't IRAN or Russia it will be TAIWAN or Syria or wherever - that is what it is there for.

As far as the US being a christian country which seeks to be meek and mild and forgiving and gentle - tell that to the redneck gun club at the end of my road - they have a different brand of christianity which is more about flogging evil doers and/or alternatively pigmented christians with no green card

Betting on forex by listening to god's voice coming out from inside the fridge is even sillier than my system and that's saying something

yippee my euro long is in the black
  • #81,755
  • Aug 12, 2008 12:41pm Aug 12, 2008 12:41pm
Quoting allserene
The US lurches from one war to the the next and always has - they will never leave IRAQ totally and the army will always be deployed..Europe/cuba/vietnam/cambodia/laos/granada/korea/kosovo/iraq - if it isn't IRAN or Russia it will be TAIWAN or Syria or wherever - that is what it is there for.

As far as the US being a christian country which seeks to be meek and mild and forgiving and gentle - tell that to the redneck gun club at the end of my road - they have a different brand of christianity which is more about flogging evil doers and/or alternatively pigmented christians with no green card

Betting on forex by listening to god's voice coming out from inside the fridge is even sillier than my system and that's saying something

yippee my euro long is in the black
Really you make me laugh with your post

How can you say your losing system (only God knows) how deep you are in the red right now - maybe -600pips is better than voices of God coming from the fridge that have consistently warn me against impending danger and bringing me profit.

I have told you what to expect in the coming days if you do not close your losing trades just to prove you are right when you are wrong is what they call silly in the UK.

You can keep the losing trade up anyway, because it will still go up, may be by december or by end of this new cycle and based on God's general Providence that is how things work in nature. But not because you were right!!!!!!!!!!!.
  • #81,756
  • Aug 12, 2008 12:42pm Aug 12, 2008 12:42pm
!!! breakout variant up to 1.8940/60, 1.8860/80, 1.9900/20
{Promotion Removed}
  • #81,757
  • Aug 12, 2008 12:57pm Aug 12, 2008 12:57pm
So Big G sold cable ? I wondered who it was

No way - I know it's not god as she doesn't qualify for a bank account - no utility bills and she has no birth certificate

Hope she files a tax return - not to do so would be a sin

but - sitting on a cloud is the ultimate off-shore location ?

Is posing as a man for a trillion years seen as identity theft ?

I reckon it's George Soreass and his buddies who are running this show
  • #81,758
  • Aug 12, 2008 1:00pm Aug 12, 2008 1:00pm
Quoting warta
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Japan made that hole to f#@* cable!!!! Bush give them the materials. !!!!
  • #81,759
  • Aug 12, 2008 1:06pm Aug 12, 2008 1:06pm
dont tell me this might go up now ......dont fall for it guys....

i realised something last month i was profitable in trades, i posted my results u know why cause all trades were short then i went long and lost it all ...

theres a lot for saying trend is indeed a friend...will not fight it no more
  • #81,760
  • Aug 12, 2008 1:16pm Aug 12, 2008 1:16pm
Quoting nAVIN2007
dont tell me this might go up now ......dont fall for it guys....

i realised something last month i was profitable in trades, i posted my results u know why cause all trades were short then i went long and lost it all ...

theres a lot for saying trend is indeed a friend...will not fight it no more
You and me both buddy

I said that because it wasn't willing to go through 2.000 and stay there, it was just a matter of time before it went down - but we thought that in the meantime, there might be a re-visit and we could range trade

our only sin was putzing around range trading with slack stoplosses when there was no trend

lesson learned - at least I only gave back my winnings
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