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Cable Update (GBPUSD)

  • #97,601
  • Nov 12, 2008 10:02am Nov 12, 2008 10:02am
I want it at the trend line
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Patience + Discipline - Greed = Success
  • #97,602
  • Nov 12, 2008 10:02am Nov 12, 2008 10:02am
I missed all the fun!

Damnit! I've had appointments all morning long and I've missed out on some great pips!

I hope everyone filled their pockets full!
Just digging in the trenches like everyone else!
  • #97,603
  • Nov 12, 2008 10:03am Nov 12, 2008 10:03am
Quoting Abuawad
1.5197 then 1.5170 to open the way to 1.5050

i say it
  • #97,604
  • Nov 12, 2008 10:04am Nov 12, 2008 10:04am
Quoting Kyen
Micho, lets just say that I had an unbelieavable streak which really came back and kicked me hard in the rear - which is why I really took time off to reassess my money mangement approach. I think I'm more grounded now, and I really do give a lot of credit to this forum - the support and motivation it gave me is tremendous.
well ill tell you my story sometime later lol

now i gtg pick up my brother..

shit man my cell fell today in the water while it was raining.... i came home soaking wet with a malfunctioning phone
When life gives you lemons, make lemonade
  • #97,605
  • Nov 12, 2008 10:05am Nov 12, 2008 10:05am
Quoting Abuawad
i say it
Trading is 80% Emotional, 20% Technical
  • #97,606
  • Nov 12, 2008 10:05am Nov 12, 2008 10:05am
Quoting eohater
I missed all the fun!

Damnit! I've had appointments all morning long and I've missed out on some great pips!

I hope everyone filled their pockets full!
Plenty more to come! The train has only started rolling... will you be around for Asia session tongiht?
  • #97,607
  • Nov 12, 2008 10:09am Nov 12, 2008 10:09am
Quoting eohater
I missed all the fun!

Damnit! I've had appointments all morning long and I've missed out on some great pips!

I hope everyone filled their pockets full!
You're not alone bro.. I missed a whole lot of it myself... I still managed some nice pips though...

The day is not done yet bro..... I see many possibilities..
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Patience + Discipline - Greed = Success
  • #97,608
  • Nov 12, 2008 10:09am Nov 12, 2008 10:09am
Quoting Kyen
Plenty more to come! The train has only started rolling... will you be around for Asia session tongiht?
It'll be around Noon Tokyo time! Tonight is my weekly guys night out. I'll be on once I get home though.
Just digging in the trenches like everyone else!
  • #97,609
  • Nov 12, 2008 10:10am Nov 12, 2008 10:10am
Quoting Infinity
You're not alone bro.. I missed a whole lot of it myself... I still managed some nice pips though...

The day is not done yet bro..... I see many possibilities..
That's what I was kinda looking at myself.
Just digging in the trenches like everyone else!
  • #97,610
  • Nov 12, 2008 10:12am Nov 12, 2008 10:12am
Quoting Kyen
Anyway, what are your thoughts?
Credit cards are hardly affected. I have been in the US 1 year and one week and started my credit from scratch. I have 3 unsecured credit cards and they are applying auto increases in the credit limits right now.

I am old enough to have seen government intervention in the UK auto and motorcycle industry and both were abject failures. GM/Ford will be too - sheds full of little electric cars instead of 5 ton trucks

Fact is that US consumers know that Ford/GM/Chrysler make a crap product and now with the the threat of them going bust sometime in the next 6 months to 5 years, not many will want them. My Toyota Camry was built in Kentucky and its ace !

I moved GBP200k to the bank of england today from my UK bank which is 60% owned by the UK government - but with only a GBP50k gov guarantee I wont risk it
  • #97,611
  • Nov 12, 2008 10:20am Nov 12, 2008 10:20am
Downward movement has started again.
Will we see 1.48xx this time ?
  • #97,612
  • Nov 12, 2008 10:23am Nov 12, 2008 10:23am
missed the entry again lol

went to pick my brother
When life gives you lemons, make lemonade
  • #97,613
  • Nov 12, 2008 10:25am Nov 12, 2008 10:25am
Quoting allserene
Credit cards are hardly affected. I have been in the US 1 year and one week and started my credit from scratch. I have 3 unsecured credit cards and they are applying auto increases in the credit limits right now.

I am old enough to have seen government intervention in the UK auto and motorcycle industry and both were abject failures. GM/Ford will be too - sheds full of little electric cars instead of 5 ton trucks

Fact is that US consumers know that Ford/GM/Chrysler make a crap product and now with the the threat of them going bust sometime in...

I absolutely agree. I wish the government would let the power of the free market to just run its course - GM products are complete crap and they deserve to go out of business.
  • #97,614
  • Nov 12, 2008 10:26am Nov 12, 2008 10:26am
Quoting gagakrimba
Downward movement has started again.
Will we see 1.48xx this time ?
I was in a wrong train just now
GELORE
  • #97,615
  • Nov 12, 2008 10:27am Nov 12, 2008 10:27am
Quoting micho
missed the entry again lol

went to pick my brother
Nothing to worry....it's just halfway down and taking a breather.
She'll tumble to new low soon
  • #97,616
  • Nov 12, 2008 10:29am Nov 12, 2008 10:29am
Quoting gagakrimba
Nothing to worry....it's just halfway down and taking a breather.
She'll tumble to new low soon
I got some goosebumps when I read this.....lol
  • #97,617
  • Nov 12, 2008 10:32am Nov 12, 2008 10:32am
Quoting gagakrimba
Nothing to worry....it's just halfway down and taking a breather.
She'll tumble to new low soon
your soldiers are all over along the road
When life gives you lemons, make lemonade
  • #97,618
  • Nov 12, 2008 10:34am Nov 12, 2008 10:34am
Quoting Kyen
I absolutely agree. I wish the government would let the power of the free market to just run its course - GM products are complete crap and they deserve to go out of business.
u remember bonehead paulson saying that the taxpayer would make money buying the troubled assets, now he not even buying them, something very underhand about this bailout,

taxpayer should be the lender of last resort not the sucker of last resort.....

cable heading down again nicely... 1.4800 - infinity here we come
Trading is 80% Emotional, 20% Technical
  • #97,619
  • Nov 12, 2008 10:34am Nov 12, 2008 10:34am
This is Alqaz Syed. I have been in the observation mode for couple of months and sometimes if I see good opportunity then I enter otherwise be an observant of my whatever computer time.

I did notice that in my 15M chart this baby dropped hardly 115 pips from 1.5070 through 1.4966. Actually this graph indicated me that cable is in downtrend in 15 minute interval but I was waiting for 40% (1.5129) or 50% (1.5187) retracement but hell no because Mr. King and Inflation report exploded the cable thorugh out the US session and the effect would continue into Asia Session after 3.5 hours and I don't think in the remaining US session it would below than the so far low/bottom/support (1.4895) but from the first hour of Asia it might break the bottom level of 1.4895 towards downward direction because Asia will also take a sweat breakfast based on the UK inflation report and Mr. King talk about the weakness of cable....

Have a nice trading everybody.
  • #97,620
  • Nov 12, 2008 10:39am Nov 12, 2008 10:39am
Quoting asyed4
This is Alqaz Syed. I have been in the observation mode for couple of months and sometimes if I see good opportunity then I enter otherwise be an observant of my whatever computer time.

I did notice that in my 15M chart this baby dropped hardly 115 pips from 1.5070 through 1.4966. Actually this graph indicated me that cable is in downtrend in 15 minute interval but I was waiting for 40% (1.5129) or 50% (1.5187) retracement but hell no because Mr. King and Inflation report exploded the cable thorugh out the US session and the effect would continue...
The 1.32 nightmare is now a possibility (eventually)..
If it reaches 1.10 (I have seen that before), I will shift some dollars back from my US beer money fund to UK GBP and buy the town of Harrogate
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