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Cable Update (GBPUSD)

  • #94,081
  • Oct 27, 2008 9:53am Oct 27, 2008 9:53am
Quoting sonicdeejay
mkt look dead rite nw....

yea setting stops to BE is crucial in these conditions.
USD Est Non Mortuus
  • #94,082
  • Oct 27, 2008 10:19am Oct 27, 2008 10:19am
I hope the movement rather slowly and then to make an entry !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #94,083
  • Oct 27, 2008 10:25am Oct 27, 2008 10:25am
looks like this baby is ranging from 5472 to 5373.

Hopefully you'll be able to catch some pips, im short currently
  • #94,084
  • Edited 10:39am Oct 27, 2008 10:29am | Edited 10:39am
Quoting m00jiman
looks like this baby is ranging from 5472 to 5373.

Hopefully you'll be able to catch some pips, im short currently
I am thinking the similar but I should have a discipline to apply my system, waiting for a strong clue on M1 ! Sofar the retracement hold on about 23.6% fibo !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #94,085
  • Oct 27, 2008 10:57am Oct 27, 2008 10:57am
Hi all what do you think of new global rates cut ?

Could we see 0 %rate
  • #94,086
  • Oct 27, 2008 11:06am Oct 27, 2008 11:06am
look like t brk out up in a making...

Sonic
  • #94,087
  • Oct 27, 2008 11:28am Oct 27, 2008 11:28am
Quoting manize
I am thinking the similar but I should have a discipline to apply my system, waiting for a strong clue on M1 ! Sofar the retracement hold on about 23.6% fibo !
Got eaten at +1, shows little movement now, but looks like forex got a case of mondays!
  • #94,088
  • Oct 27, 2008 11:29am Oct 27, 2008 11:29am
Quoting \"expert\"
Hi all what do you think of new global rates cut ?

Could we see 0 %rate
Real rates will go negative - a lot

that is why I am buying BP shares with 8% + dividend at less than half price

I also have long term sterling cash accounts locked in at 6.67%

slumpflation here we come
  • #94,089
  • Oct 27, 2008 12:01pm Oct 27, 2008 12:01pm
Quoting allserene
Real rates will go negative - a lot

that is why I am buying BP shares with 8% + dividend at less than half price

I also have long term sterling cash accounts locked in at 6.67%

slumpflation here we come
I've purchased both BP and Royal Dutch Shell for the same reasons last week. Both CEOs have indicated that dividends will be safe, even with crude trading between $50-$60 levels.
  • #94,090
  • Oct 27, 2008 12:03pm Oct 27, 2008 12:03pm
Quoting allserene
Real rates will go negative - a lot

that is why I am buying BP shares with 8% + dividend at less than half price

I also have long term sterling cash accounts locked in at 6.67%

slumpflation here we come
Its the end of the world
Attached Image
  • #94,091
  • Oct 27, 2008 12:12pm Oct 27, 2008 12:12pm
Quoting gammase1
I've purchased both BP and Royal Dutch Shell for the same reasons last week. Both CEOs have indicated that dividends will be safe, even with crude trading between $50-$60 levels.
The idea that oil will not go up (over say 3 years) is unthinkable
If BP slashes dividends 50% down to 4%, I will still make more than new bank deposits and my capital will go up 100% in 3 years - and I have tons of tax losses which I crystalized this year by moving from one company to similar companies - so I think the 3 year horizon looks fantastic !

Forex is different - I would not be surprised to see GBP at 1.30 ish eventually

I would be staggered to see it back at 2.00

I like opportunities and positioning for the long term though
  • #94,092
  • Oct 27, 2008 12:35pm Oct 27, 2008 12:35pm
Quoting allserene
The idea that oil will not go up (over say 3 years) is unthinkable
If BP slashes dividends 50% down to 4%, I will still make more than new bank deposits and my capital will go up 100% in 3 years - and I have tons of tax losses which I crystalized this year by moving from one company to similar companies - so I think the 3 year horizon looks fantastic !

Forex is different - I would not be surprised to see GBP at 1.30 ish eventually

I would be staggered to see it back at 2.00

I like opportunities and positioning for the long term though
I love sourcing long term opportunities. It's such an exciting time in the markets. This deleveraging process, while painful at the moment, is throwing up some brilliant opportunities. In addition to trading FX, I trade equities, where I am buying good solid companies, such as BP and RDSA, with solid business models and ample cashflows to cover dividend payouts. I am buying these types of stocks for the long term and hedging some of the short term volatility by selling FTSE futures.

I agree 100% that the idea of oil remaining below a $60 average over the 3 years does seem unthinkable. It is still a finite resource and while prices are this low there will be far less money spent by the majors in getting new supplies on tap. They would much rather conserve their cash and wait for prices to remain comfortably above $80 a barrel before they commit expnditure to ambitious exploratory projects. Then there is the constant threat of OPEC turning off the taps for a while.
  • #94,093
  • Oct 27, 2008 1:00pm Oct 27, 2008 1:00pm
Anyone going short off the 10sma on the 4 hr
Please ask questions and share your experiences with us all!
  • #94,094
  • Oct 27, 2008 1:14pm Oct 27, 2008 1:14pm
Quoting bkg102665
Anyone going short off the 10sma on the 4 hr
I'm short from 1.57 covered with SL at +10
Just digging in the trenches like everyone else!
  • #94,095
  • Oct 27, 2008 1:17pm Oct 27, 2008 1:17pm
Quoting eohater
I'm short from 1.57 covered with SL at +10
what's your target on that bro
USD Est Non Mortuus
  • #94,096
  • Oct 27, 2008 1:19pm Oct 27, 2008 1:19pm
Quoting LuckyLurker
what's your target on that bro
1.555 short term but it might not get there. I'll keep moving my SL every 15min. I'm thinking we might see 1.578x before we have another fall.
Just digging in the trenches like everyone else!
  • #94,097
  • Oct 27, 2008 1:21pm Oct 27, 2008 1:21pm
Quoting eohater
1.555 short term but it might not get there. I'll keep moving my SL every 15min. I'm thinking we might see 1.578x before we have another fall.
Yea it could bounce here. but hopefully we'll see it back to your target.. nice entry..
USD Est Non Mortuus
  • #94,098
  • Oct 27, 2008 1:22pm Oct 27, 2008 1:22pm
Quoting LuckyLurker
Yea it could bounce here.
that's what I'm thinking. 1.559x could bounce her back up. I went ahead and move my SL to +25.
Just digging in the trenches like everyone else!
  • #94,099
  • Oct 27, 2008 1:23pm Oct 27, 2008 1:23pm
need to break and hold this area.. its trying
USD Est Non Mortuus
  • #94,100
  • Oct 27, 2008 1:26pm Oct 27, 2008 1:26pm
can cable still go long??
GELORE
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