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Cable Update (GBPUSD)

  • #87,721
  • Sep 12, 2008 1:19pm Sep 12, 2008 1:19pm
Quoting allserene
Imagine Monday

A Lehman sale agreed without government intervention
B WAMU sale agreed with no government intervention
C Ike was big but only cat 2 and the rigs are ok - only george bush's ranch destroyed and he claims the rebuild on his expenses

just imagine what cable would be ?
Patience + Discipline - Greed = Success
  • #87,722
  • Sep 12, 2008 1:22pm Sep 12, 2008 1:22pm
Quoting nAVIN2007
show a chart showing this..
Sorry - too lazy to do this, but you easily do it yourself. Plot last month of prices on 1H scale, and you will easily see it. Today was an aberration, and it will be corrected swiftly and massively. As far as 1.8000 - I don't see this happening any time soon.
  • #87,723
  • Sep 12, 2008 1:29pm Sep 12, 2008 1:29pm
Quoting allserene
Imagine Monday

A Lehman sale agreed without government intervention
B WAMU sale agreed with no government intervention
C Ike was big but only cat 2 and the rigs are ok - only george bush's ranch destroyed and he claims the rebuild on his expenses

just imagine what cable would be ?
Lehman's sale will likely go without the Fed injecting any money directly; this is from Bloomberg:

"Treasury Secretary Henry Paulson doesn't want to put up money to help fund any Lehman acquisition, a person familiar with his thinking said today. Unlike when the Federal Reserve committed $29 billion to help JPMorgan Chase & Co. take over Bear Stearns in March, Lehman now has access to a lending facility for brokers that would permit an orderly process for unwinding the firm, the person said."

What I don't get is - why should Lehman be sold at all? Just because their market cap has plummeted? Seems to me their leverage ratios aren't any worse than that of any other major Wall Street investment house, and they certainly have cash to sustain themeselves for some months while they're cleaning up their business, so why the scramble to sell them off over the weekend?

As for Ike - hurricanes have lately not had major impact on oil price as it seems pretty determined to fall through $100.
  • #87,724
  • Sep 12, 2008 1:29pm Sep 12, 2008 1:29pm
Quoting Subdude
Sorry - too lazy to do this, but you easily do it yourself. Plot last month of prices on 1H scale, and you will easily see it. Today was an aberration, and it will be corrected swiftly and massively. As far as 1.8000 - I don't see this happening any time soon.
You mean you hope it wont happen soon.
I bet you have short post floating
  • #87,725
  • Sep 12, 2008 1:32pm Sep 12, 2008 1:32pm
I would like to wish for everyone an enjoyable weekend. My prayers go out to all who are in the path of the storm. For everyone else ......please.......Don't forget to party !!!
Attached Image
Patience + Discipline - Greed = Success
  • #87,726
  • Sep 12, 2008 1:36pm Sep 12, 2008 1:36pm
my goal is in about 2 hours to not remember today... but not to forget... when sunday rolls around... I thought about opening a short incase it gaps down sunday but I suoose thats pretty darn stupid eh
Lets do this...
  • #87,727
  • Sep 12, 2008 1:36pm Sep 12, 2008 1:36pm
still have a short from 1.7500 ......and a GY short from 187.00...... there goes my account
loss 100k in Forex, up 1k, still have 99% to go!!
  • #87,728
  • Sep 12, 2008 1:37pm Sep 12, 2008 1:37pm
Quoting Subdude
Sorry - too lazy to do this, but you easily do it yourself. Plot last month of prices on 1H scale, and you will easily see it. Today was an aberration, and it will be corrected swiftly and massively. As far as 1.8000 - I don't see this happening any time soon.

Talk like that is just plain silly!! It in all likelihood will be a terrible weekend for news in the usa. Are you living in a cave ??? I'm a believer in the gbp going down to 170, but saying that it won't reach 1.80, when it just set another new high at 1.7924 and the pair has a trading range of around 250/day lately...nonsense!! Your only 1 good hour away from 1.80 as we speak. If you feel that confident post your account with your short trade going into the weekend....oh you do remember the gap up from last weekend...I'd say at this point it's as likely to gap open above 1.80 to start the week as any other scenario.
  • #87,729
  • Sep 12, 2008 1:37pm Sep 12, 2008 1:37pm
Quoting gagakrimba
You mean you hope it wont happen soon.
I bet you have short post floating
Hey, what's with your attitude - do you have a history of making correct calls here? You predict 1.8000 based on what - that it's a nice round number?
  • #87,730
  • Sep 12, 2008 1:39pm Sep 12, 2008 1:39pm
Quoting PippinAintEZ
If you feel that confident post your account with your short trade going into the weekend....oh you do remember the gap up from last weekend...I'd say at this point it's as likely to gap open above 1.80 to start the week as any other scenario.
Actually, a gap down is way more likely than any other scenario.
  • #87,731
  • Sep 12, 2008 1:41pm Sep 12, 2008 1:41pm
who dares me to go with a short right at close?
Lets do this...
  • #87,732
  • Sep 12, 2008 1:42pm Sep 12, 2008 1:42pm
please guys honestly tell me how u think this is going to fall looking at this??????....i dont get it....actually i think it amazing how it fall inside this channel to the pip

views on this plz..

i think im gonna start using there charting software metatrader just doesnt giv chart of this quality
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  • #87,733
  • Sep 12, 2008 1:45pm Sep 12, 2008 1:45pm
Quoting jcminvest
my goal is in about 2 hours to not remember today... but not to forget... when sunday rolls around... I thought about opening a short incase it gaps down sunday but I suoose thats pretty darn stupid eh
Uh...Yeah....why is everyone suddenly so caught up in guessing??? Seems like gambling not investing to me. Let things return to something resembling normalcy. This is an aberration, but not one that we can define as just beginning or over. Let it shake out...then start trading, not putting all your money down on black and giving her a spin. I'm happy for your entering the debt free zone!!! I do wish you had some of that cash from yesterday to enjoy though. Sounds like you could have bought a nice new car and still have been debt free and had the same size account left you do now...chill...no more gambling!!
  • #87,734
  • Sep 12, 2008 1:46pm Sep 12, 2008 1:46pm
Quoting jcminvest
my goal is in about 2 hours to not remember today... but not to forget... when sunday rolls around... I thought about opening a short incase it gaps down sunday but I suoose thats pretty darn stupid eh
Uh...Yeah!!!....why is everyone suddenly so caught up in guessing??? Seems like gambling not investing to me. Let things return to something resembling normalcy. This is an aberration, but not one that we can define as just beginning or ending. Let it shake out...time will tell...then start trading, not putting all your money down on black and giving her a spin. I'm happy for your entering the debt free zone!!! I do wish you had some of that cash from yesterday to enjoy though. Sounds like you could have bought a nice new car and still have been debt free and had the same size account left you do now...chill...no more gambling!!
  • #87,735
  • Sep 12, 2008 1:48pm Sep 12, 2008 1:48pm
Quoting PippinAintEZ
Uh...Yeah....why is everyone suddenly so caught up in guessing??? Seems like gambling not investing to me. Let things return to something resembling normalcy. This is an aberration, but not one that we can define as just beginning or over. Let it shake out...then start trading, not putting all your money down on black and giving her a spin. I'm happy for your entering the debt free zone!!! I do wish you had some of that cash from yesterday to enjoy though. Sounds like you could have bought a nice new car and still have been debt free and had the same size account left you do now...chill...no more gambling!!
yeah man it would have been nice but hey everything happens for a reason. We will see what next week brings... you guys gotta help me make some good trades... I will be posting all trades with reasons and chart from here on out. Opinions will be needed for sure pleeeease. because if my charting is off then I wont know unless I post. Hope yall dont mind
Lets do this...
  • #87,736
  • Sep 12, 2008 1:51pm Sep 12, 2008 1:51pm
Close my long 1.7600 @ 1.7935.
Waiting for it to drop below 1.7900 to re enter .
  • #87,737
  • Sep 12, 2008 1:53pm Sep 12, 2008 1:53pm
any time it moves 500 pips against the trend like it just did in 2 days - well I don't think technicals can cope

I think we are all in the dark - except that I dont see US news getting worse than it is right now - and all the bad stuff of the next few days is discounted right now - including a rate cut/bale outs/hurricane and barabara bush being kidnapped and held for ransom by china

Anyone with a position on right now is taking a gamble - this is a wild ride - like sarah
  • #87,738
  • Sep 12, 2008 1:53pm Sep 12, 2008 1:53pm
http://www.forexfactory.com/showthre...=1#post2216717
  • #87,739
  • Sep 12, 2008 1:58pm Sep 12, 2008 1:58pm
Quoting jcminvest
yeah man it would have been nice but hey everything happens for a reason. We will see what next week brings... you guys gotta help me make some good trades... I will be posting all trades with reasons and chart from here on out. Opinions will be needed for sure pleeeease. because if my charting is off then I wont know unless I post. Hope yall dont mind

Take a good deep breath....you obviously have a strong constitution to be taking this as well as you are. Have a nice weekend and let your mind clear. I'd have had to be kept away from sharp objects and probably would already be drunk...or possibly axe murdered by the wife!! You seem to have a high risk tolerance and want/need to trade. I use shi channels (posted a chart some pages back)...you might look at the eurjpy...it's been making nice channel to channel swings very rhythmically, 500 pips up & down every other day.
  • #87,740
  • Sep 12, 2008 2:08pm Sep 12, 2008 2:08pm
what moving averages do you guys have set up on your charts?
Lets do this...
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