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Cable Update (GBPUSD)

  • #108,141
  • Dec 18, 2008 4:48pm Dec 18, 2008 4:48pm
Quoting allserene
everyone is agreeing that euro/usd looks enormously bearish

but its been going up for a while

Is it teeing everyone up for a fall or is this not a charty type environment ?
youre right on the charty type env part.
  • #108,142
  • Dec 18, 2008 4:50pm Dec 18, 2008 4:50pm
Quoting allserene
I havent really branched out my comfort zone with cable and euro - have to have a go sometime

I only started forex to hedge my GBP when I was moving to the US but I am getting into it now

Over 4 years I have seen some stuff so I know what's possible (aaaargghhh) and what is usual

All these 'far more skilled' than I am say they can see things that I can't - we have a new up trend now don't we ? don't we ? If we have then any setbacks might be big but they will only be temporary if the trend holds...

Or was all that just a side show and the...
You should have a look at some other pairs but its quite hard to keep a track of all the fundamentals going on youve got too many to contend with.

If your talking about long GU then I havent a clue what thats gonna do in the short term. I think it will go down more but please dont trade based on anything i say lol
As you know im short on EU right now I think usd can replace jpy in the very short term as the safe haven currency as everyone is running scared that BOJ is going to intervene and sell YEN, just my 2 cents worth
  • #108,143
  • Edited 5:01pm Dec 18, 2008 4:59pm | Edited 5:01pm
Quoting PipLand
You should have a look at some other pairs but its quite hard to keep a track of all the fundamentals going on youve got too many to contend with.

If your talking about long GU then I havent a clue what thats gonna do in the short term. I think it will go down more but please dont trade based on anything i say lol
As you know im short on EU right now I think usd can replace jpy in the very short term as the safe haven currency as everyone is running scared that BOJ is going to intervene and sell YEN, just my 2 cents worth
UJ and EU are back to their antagonistic relationship.hope you win bro.
  • #108,144
  • Dec 18, 2008 5:02pm Dec 18, 2008 5:02pm
Quoting trader2160
youre right on the charty type env part.
looks like could be a H&S on the 15 min too
  • #108,145
  • Dec 18, 2008 5:09pm Dec 18, 2008 5:09pm
Quoting PipLand
looks like could be a H&S on the 15 min too
Interesting.
  • #108,146
  • Dec 18, 2008 5:12pm Dec 18, 2008 5:12pm
Quoting trader2160
UJ and EU are back to their antagonistic relationship.hope you win bro.
Cheers me too

Although i just closed out eu will enter again later if oppurtunity arrises
  • #108,147
  • Dec 18, 2008 5:19pm Dec 18, 2008 5:19pm
Quoting PipLand
Cheers me too

Although i just closed out eu will enter again later if oppurtunity arrises
nice pippage
  • #108,148
  • Dec 18, 2008 5:20pm Dec 18, 2008 5:20pm
Quoting trader2160
nice pippage
oh I forgot you were short
  • #108,149
  • Dec 18, 2008 5:22pm Dec 18, 2008 5:22pm
so much for the classic bear position

glad i left my long on

taking it off at be though
  • #108,150
  • Dec 18, 2008 5:23pm Dec 18, 2008 5:23pm
Quoting PipLand
Cheers me too

Although i just closed out eu will enter again later if oppurtunity arrises
got out ok?spread is way too high.
  • #108,151
  • Dec 18, 2008 5:25pm Dec 18, 2008 5:25pm
Quoting trader2160
nice pippage
nah i was flat the pips i made on jpy i lost on EU LOL.
  • #108,152
  • Dec 18, 2008 5:29pm Dec 18, 2008 5:29pm
looks like the dollar will give back some of its gains today so 3 small positions against dollar in yen, euro and £, hopefully i will be able to lock them in BE soon. I dont think this will last all asian session though
  • #108,153
  • Dec 18, 2008 5:33pm Dec 18, 2008 5:33pm
Will you guys be trading tomorrow.What with the triple witching bs.Sounds like "the shining"
  • #108,154
  • Dec 18, 2008 5:35pm Dec 18, 2008 5:35pm
Quoting trader2160
Will you guys be trading tomorrow.What with the triple witching bs.Sounds like "the shining"
I mgith leave my trades on but locked in with stops. These will prob be my last 3 trades until next year
  • #108,155
  • Dec 18, 2008 5:36pm Dec 18, 2008 5:36pm
Quoting trader2160
got out ok?spread is way too high.
yep 3 on euro and 8 on cable

robbers
  • #108,156
  • Dec 18, 2008 5:37pm Dec 18, 2008 5:37pm
Quoting trader2160
Will you guys be trading tomorrow.What with the triple witching bs.Sounds like "the shining"
sounds like Governor Blagandmewitch from Ill-annoy
  • #108,157
  • Dec 18, 2008 5:47pm Dec 18, 2008 5:47pm
i closed and reversed again this is fun lol
short EU long usd/jpy
  • #108,158
  • Dec 18, 2008 5:50pm Dec 18, 2008 5:50pm
cable could get whipped now
  • #108,159
  • Dec 18, 2008 6:00pm Dec 18, 2008 6:00pm
did antone catch the gov on Conan Obrian.
  • #108,160
  • Dec 18, 2008 6:01pm Dec 18, 2008 6:01pm
Gonna go short on gbp/usd at 1.5050. BB i think will hold the upside & act as resistance. Target 1.4750
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