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Cable Update (GBPUSD)

  • #107,221
  • Dec 16, 2008 2:12pm Dec 16, 2008 2:12pm
back long

using euro as a proxy as the spread is 2.1 compared to 8 for cable

yep there might be stutter but this thing is going north - probably tomorrow - the big boys seem to always wait 24 hours before the real wave comes in

I was into s&p index etf's - anything !

the you-four-ear will dissipate in Jan when people realise what a mess we are in....
  • #107,222
  • Dec 16, 2008 2:14pm Dec 16, 2008 2:14pm
Those sinners! Have they no mercy on the stranded?

Quoting allserene
Those grasping users at OANDA have just put the spread up to 8

They want a piece of the action

It has been noted
Ride the Bulls bearback!
  • #107,223
  • Edited 2:18pm Dec 16, 2008 2:14pm | Edited 2:18pm
Quoting gagakrimba
Hahahahaha....
I'll short @ 1.5550
?
  • #107,224
  • Dec 16, 2008 2:15pm Dec 16, 2008 2:15pm
Quoting alcando
Ah Thanks Bro... Sorry
lol... it may make some difference as to where they are headed...

if they are headed anywhere that is....
  • #107,225
  • Dec 16, 2008 2:16pm Dec 16, 2008 2:16pm
Get ready for some index shorting when these guys realise the u4rea means tthe economy is in shit street.


Quoting allserene
back long

using euro as a proxy as the spread is 2.1 compared to 8 for cable

yep there might be stutter but this thing is going north - probably tomorrow - the big boys seem to always wait 24 hours before the real wave comes in

I was into s&p index etf's - anything !

the you-four-ear will dissipate in Jan when people realise what a mess we are in....
Ride the Bulls bearback!
  • #107,226
  • Dec 16, 2008 2:23pm Dec 16, 2008 2:23pm
Quoting alcando
Get ready for some index shorting when these guys realise the u4rea means tthe economy is in shit street.
I know ! got me a margin account so i can slip in and out quickly as Bill Clinton used to say nudge nudge wink wink

If the euro holds through this shambles it will be king - but it has to get torn from all corners next year - all the east europeans (new europe) will be abandoned by the yankees and eating cardboard again, and the Italians and Spanish will be spending public money like loonies and ze chermans will be saving and looking serious. How the euro deals with all that will be top interesting
  • #107,227
  • Dec 16, 2008 2:31pm Dec 16, 2008 2:31pm
out now, probably will be it for the day. good luck guys if you're still in or looking to get in
PIPPED TO THE LINE
  • #107,228
  • Dec 16, 2008 2:31pm Dec 16, 2008 2:31pm
Haha! Thia is seriously too easy! We are printing more money than the Fed here.... If I had a day job it would have to pay me more than the president to work than to trade...

I am afraid to sya the Euro is the next king.... Pound is fekkid, dollar is now on the road to worth less... And the pound is pounded...



Quoting allserene
I know ! got me a margin account so i can slip in and out quickly as Bill Clinton used to say nudge nudge wink wink

If the euro holds through this shambles it will be king - but it has to get torn from all corners next year - all the east europeans (new europe) will be abandoned by the yankees and eating cardboard again, and the Italians and Spanish will be spending public money like loonies and ze chermans will be saving and looking serious. How the euro deals with all that will be top interesting
Ride the Bulls bearback!
  • #107,229
  • Dec 16, 2008 2:49pm Dec 16, 2008 2:49pm
Hi guys, I'm a newbie trader so nothing much to contribute that would help anyone here with trading, just wanted to say thanks, been reading the thread for a couple of months & learned quite a bit, hope you don't mind me spying! Also laughed a lot at the humour, there I may be able to contribute if you haven't seen it. http://www.sockandawe.com/
If it is to be - it's up to me
  • #107,230
  • Dec 16, 2008 2:50pm Dec 16, 2008 2:50pm
take a break, throw bush with your shoes

http://www.sockandawe.com

When life gives you lemons, make lemonade
  • #107,231
  • Dec 16, 2008 2:53pm Dec 16, 2008 2:53pm
Quoting pipintime
Hi guys, I'm a newbie trader so nothing much to contribute that would help anyone here with trading, just wanted to say thanks, been reading the thread for a couple of months & learned quite a bit, hope you don't mind me spying! Also laughed a lot at the humour, there I may be able to contribute if you haven't seen it. http://www.sockandawe.com/
lol sorry i haven't seen your post, i posted my message than i noticed yours... lol i got 13 as a score!!! can you beat it!! didnt miss any shot!!
When life gives you lemons, make lemonade
  • #107,232
  • Dec 16, 2008 2:54pm Dec 16, 2008 2:54pm
u have to love to FED for that bit of monetary easing! they going to print $$$ bills until they run out of trees

helicopter wiemar benny..... true wizard of Oz now!

free money trades there, no thought process required!!

hope u guys cleaned up!

Trading is 80% Emotional, 20% Technical
  • #107,233
  • Dec 16, 2008 2:55pm Dec 16, 2008 2:55pm
Quoting alcando
Those sinners! Have they no mercy on the stranded?
Those bastards
  • #107,234
  • Dec 16, 2008 2:55pm Dec 16, 2008 2:55pm
Can't beat you at trading , but hit George W 15 times
If it is to be - it's up to me
  • #107,235
  • Dec 16, 2008 2:55pm Dec 16, 2008 2:55pm
Haha
Quality! I can't believe how quick people are to take the piss out of the bush...

Quoting micho
lol sorry i haven't seen your post, i posted my message than i noticed yours... lol i got 13 as a score!!! can you beat it!! didnt miss any shot!!

Quoting pipintime
Hi guys, I'm a newbie trader so nothing much to contribute that would help anyone here with trading, just wanted to say thanks, been reading the thread for a couple of months & learned quite a bit, hope you don't mind me spying! Also laughed a lot at the humour, there I may be able to contribute if you haven't seen it. http://www.sockandawe.com/
Ride the Bulls bearback!
  • #107,236
  • Dec 16, 2008 2:58pm Dec 16, 2008 2:58pm
Quoting alcando
The short space after news is very predictable. One direction with a helluva lot of momentum in one direction. Hits the resistance levels and absorbs them pretty well and shoots past them. Corrects in the opposite direction for 23% (Fib but just doesn't know it) and then back in the original direction. It's often a very easy scalp but this is the unpredicatable time that I avoid.

Spikes in both directions and very unstable. Odds are that it corrects to the beginning level and then starts that journey north. If you are in a hurry to trade it thats...
wise words indeed.Whoa! another spike.
  • #107,237
  • Dec 16, 2008 2:58pm Dec 16, 2008 2:58pm
http://uk.youtube.com/watch?v=as3AYVzWmOI

prob posted this b4, but highly relevant today!!!
Trading is 80% Emotional, 20% Technical
  • #107,238
  • Dec 16, 2008 2:59pm Dec 16, 2008 2:59pm
Quoting pipintime
Can't beat you at trading , but hit George W 15 times
15!! lol
When life gives you lemons, make lemonade
  • #107,239
  • Dec 16, 2008 2:59pm Dec 16, 2008 2:59pm
PS I hope you guys are watching the Eur. The fact that the EURGBP is gaining means thos blokes are getting more than us...
Ride the Bulls bearback!
  • #107,240
  • Dec 16, 2008 3:01pm Dec 16, 2008 3:01pm
Quoting alcando
Haha! Thia is seriously too easy! We are printing more money than the Fed here.... If I had a day job it would have to pay me more than the president to work than to trade...

I am afraid to sya the Euro is the next king.... Pound is fekkid, dollar is now on the road to worth less... And the pound is pounded...
Lets just hope that the dollars were printing dont become worthless.
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