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Cable Update (GBPUSD)

  • #106,521
  • Dec 12, 2008 7:06pm Dec 12, 2008 7:06pm
Quoting nAVIN2007
u have to use ms paint application to convert bmp format to jpg and then it will be compatable
Thanks Navin , what is ms paint application?
  • #106,522
  • Dec 12, 2008 7:25pm Dec 12, 2008 7:25pm
Quoting alex12
Thanks Navin , what is ms paint application?

if u have windows, then u must have a aplication called paint normally in accessories directory
  • #106,523
  • Dec 12, 2008 7:26pm Dec 12, 2008 7:26pm
or use any application u have to convert the photo so its accepted
  • #106,524
  • Dec 12, 2008 7:43pm Dec 12, 2008 7:43pm
Quoting nAVIN2007
if u have windows, then u must have a aplication called paint normally in accessories directory
I have found the paint in the accessories ,what shall I do there?
Sorry Navin that I have to ask you these elementary questions!!
  • #106,525
  • Dec 12, 2008 8:09pm Dec 12, 2008 8:09pm
Quoting alex12
I have found the paint in the accessories ,what shall I do there?
Sorry Navin that I have to ask you these elementary questions!!
You need to take a screen print.

Here's how:

Your computer will have a PrntScrn button, on mine, I need to hold down the func/alt/PrntScrn to take the screen print.

Open up paint, go to Edit and select paste

This will paste the screen print into paint. From here, you can manipulate the image, save it as a JPEG in a location that you know of and upload it.

It's easy once you get used to it.

Good luck!

EO
Just digging in the trenches like everyone else!
  • #106,526
  • Dec 12, 2008 11:51pm Dec 12, 2008 11:51pm
Quoting eohater
Bro, I sipped a "Mai Tai" and hugged a palm for everyone on the board.

It's been a great vaca. Makes me think it's time for a change in venue for trading.

I'll definately be back next week in full swing. I'm of the same notion as Infinity as to price direction. We could be making a move north for the year end. Either way, I'll ride her wherever she wants to go.

Good job on the positive pips for the week!

I hear that bro...

HOLLA
  • #106,527
  • Dec 13, 2008 4:28am Dec 13, 2008 4:28am
Quoting eohater
You need to take a screen print.

Here's how:

Your computer will have a PrntScrn button, on mine, I need to hold down the func/alt/PrntScrn to take the screen print.

Open up paint, go to Edit and select paste

This will paste the screen print into paint. From here, you can manipulate the image, save it as a JPEG in a location that you know of and upload it.

It's easy once you get used to it.

Good luck!

EO
I finally managed to do it with your help and Navin. I really appreciate your help as I have been struggling with it for a few weeks. Many thanks
  • #106,528
  • Dec 13, 2008 4:32am Dec 13, 2008 4:32am
Hi All:

Wonder if anyone has a multi-timeframe (ie: with Daily, Weekly and Monthly inclusive) auto fib. pivots indicator to share? TIA.

Have a good one
J.
~*~You are only one trade away from humility~*~
  • #106,529
  • Dec 13, 2008 5:04am Dec 13, 2008 5:04am
Says 1000x thanks to steelhead.
Just 3 days learn patience from him. than on friday go for real money can make 980pip..

this very nice week end for me


"....Someone who waits patiently in the tree and when the time is right strikes. then gets back in his tree waits again for the right time and strikes again ..."

Now i am will join with him to wait in the big tree..than strike like striker football

Rg
Surindah
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Click to Enlarge Name: Statement.JPG Size: 173 KB
  • #106,530
  • Dec 13, 2008 5:10am Dec 13, 2008 5:10am
THis the next week tree for mee

Rg
patience come to me..l
et price come to me..not me come to price
Attached Image (click to enlarge)
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  • #106,531
  • Dec 13, 2008 8:40am Dec 13, 2008 8:40am
Quoting jharteam
Hi All:

Wonder if anyone has a multi-timeframe (ie: with Daily, Weekly and Monthly inclusive) auto fib. pivots indicator to share? TIA.

Have a good one
J.
Attached File(s)
File Type: mq4 Pivot Points Multitimeframe.mq4   45 KB | 312 downloads
  • #106,532
  • Dec 13, 2008 9:00am Dec 13, 2008 9:00am
Quoting athahira

Athahira:

thank you very much for the sharing. Take care.

Have a good one
J.
~*~You are only one trade away from humility~*~
  • #106,533
  • Dec 13, 2008 9:50am Dec 13, 2008 9:50am
If we mange to brake 4813 we will see a nice apportunity to scalp back to 4717 without any problem...

Sell stop 4813
Limit 4717

Once target hit close 90 percent and let the rest run...since we dont know if it will be a free fall....

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 29 KB
  • #106,534
  • Dec 13, 2008 10:28am Dec 13, 2008 10:28am
Quoting Shermenator
If we mange to brake 4813 we will see a nice apportunity to scalp back to 4717 without any problem...

Sell stop 4813
Limit 4717

Once target hit close 90 percent and let the rest run...since we dont know if it will be a free fall....

Attachment
and where would be the buy stop, Sherm?
~*~You are only one trade away from humility~*~
  • #106,535
  • Dec 13, 2008 10:35am Dec 13, 2008 10:35am
GU
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 14Dec08 Daily.gif Size: 24 KB
Click to Enlarge Name: GU 14Dec08 Weekly.gif Size: 18 KB
  • #106,536
  • Dec 13, 2008 10:42am Dec 13, 2008 10:42am
This really isn't nice

There are hundreds and hundreds of pips to be got soon and I don't know which way its going.

In the great depression there was a huge resurge of confidence before the real crash - what if the DOW goes back to 10k then crashes to 6 ?

It can happen and cable will respond negatively

If the DOW normalises but the US economy trickles down while the others are doing ok, (which was happening before), we can be back to 2.00

All these scenarios are feasible

I am heavy on BP and oil/commodities which are under what even a sluggish economy demands, and forex ? well, just trading with no idea about direction....

It's a 2 pipe problem dear Watson
  • #106,537
  • Edited 3:34pm Dec 13, 2008 12:48pm | Edited 3:34pm
Quoting allserene
This really isn't nice

There are hundreds and hundreds of pips to be got soon and I don't know which way its going.

In the great depression there was a huge resurge of confidence before the real crash - what if the DOW goes back to 10k then crashes to 6 ?

It can happen and cable will respond negatively

If the DOW normalises but the US economy trickles down while the others are doing ok, (which was happening before), we can be back to 2.00

All these scenarios are feasible

I am heavy on BP and oil/commodities which are under what even...
Personally, I am preparing for a re-test of the 750 level in the S&P500, at the very least, which I expect to occur sometime in Q1 of 2009, when a constant stream of truly dreadful economic data will be hitting the newswire. If this level is taken out, then a test of 600 seems a fair bet to me. I think equity markets will bottom towards the end of Q1 2009.

As for cable, I think any potential upside in 2009 will be capped way below 2.0, considering that, on many measures, the UK economy is in worse shape than that of the US:- higher levels of private debt in relation to GDP; a bigger housing bubble, comparing prices to earnings ratio; and a currency which reserve managers do not need to hold, unlike the dollar, meaning a large scale dumping of sterling denominated assets - a true run on the currency - cannot be ruled out, particularly as the weaker currency isn't aiding any sort of recovery, seeing as the UK's main export markets are also contracting sharply.

However, between now and year-end, I think the likely path for cable and, possibly, stocks remains to the upside, due to both being at extremely oversold levels. This could mean we see position squaring from existing institutional shorts, as profits are booked prior to the 2008 close. Either way, I think it will take something major for 1.4470 to be taken out this year, especially with the Fed expected to cut by 75bps next week.

Now pass the pipe, dear Watson, or a large G+T at the very least.

p.s. Allserene, I am hedging my long position in physical BP shares, and UK equities, with short CFDs/spread bets on Cantor Index, which I will add to in the coming weeks. I will probably remove these shorts towards the end of Q1 in 2009, when I will also be increasing my long exposure to Asian equities (exc Japan). Well, that's the current plan, which will most definitely be subject to change, and change again, as real world dynamics intefere with my so-called forecasts. Indeed, to quote Keynes, "when the facts change, I change my mind. What do you do, Sir"
  • #106,538
  • Dec 13, 2008 3:00pm Dec 13, 2008 3:00pm
Quoting gammase1
Personally, I am preparing for a re-test of the 750 level in the S&P500, at the very least, which I expect to occur sometime in Q1 of 2009, when a constant stream of truly dreadful economic data will be hitting the newswire. If this level is taken out, then a test of 600 seems a fair bet to me. I think equity markets will bottom towards the end of Q1 2009.

As for cable, I think any potential upside in 2009 will be capped way below 2.0, considering that, on many measures, the UK economy is in worse shape than that of the US:- higher levels of private...

Best post I've seen yet from you. I enjoyed your very thorough viewpoint.
USD Est Non Mortuus
  • #106,539
  • Dec 13, 2008 3:13pm Dec 13, 2008 3:13pm
Quoting LuckyLurker
Best post I've seen yet from you. I enjoyed your very thorough viewpoint.
I'll second that- in fact I just tried to vouch for you gammase, but it turns out I need 4v's in order to do so.

I find your posts, and discussion with you, very useful and informative- you actually bother to try and understand what's happening by looking at the fundamentals and the real economy, instead of just posting charts with insane amounts of useless indicators that basically just tell you what you already know. nice one, keep it up!

I think I agree with what you are saying, in my mind I see a substantial false recovery before another big drop- whether that drop will produce a new low or not, it's impossible to say.

The number I have in my mind for cable as a good shorting point is 1.6000, I think a strong break of 1.5300 will cause cable to rocket. Though of course the fed rate decision will be largely responsible for the initial direction of cable next week.

I am not currently in a cable trade- just watching.
I've still got my short open on usd/jpy from 99.00. And I added to it on friday, so I'm hoping for further dollar weakness in the coming weeks.
  • #106,540
  • Dec 13, 2008 3:32pm Dec 13, 2008 3:32pm
So if the Fed drops 0.75% where does everyone see Cable ?

And if only 0.5% ?

Just looking for ideas.
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