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Cable Update (GBPUSD)

  • #108,801
  • Dec 30, 2008 1:58pm Dec 30, 2008 1:58pm
Quoting eohater
I see 1.37, not in a straight line or course, but that will complete the retracement.


HOLLA
  • #108,802
  • Dec 30, 2008 1:59pm Dec 30, 2008 1:59pm
Quoting allserene
glum faces in Tenerife - all the Brit tourists can't afford anything with effective euro parity (parroty) - in fact lots of em have stayed at home

yes forex loves 'records' so i reckon it will be 1:1 v soon

i will long euro/gbp at the right time
I'll be doing a Steelhead at and around parroty, and start slowly building shorts.

Fundamentally, I think the eurozone, and the euro, is in for an abrupt wake-up call in the coming weeks, possibly months, as the markets finally realise the Emperor's new clothes aren't all they're cracked up to be.

It's illiquidity and the market's love of round numbers that, in my opinion, has resulted in this latest, seemingly, unstoppable surge of the single currency against the battered and bruised pound. I mean, who wants to step in front of an express train?

p.s. love the quote from Gazza on your signature (for all those with no knowledge of the Ingeeerland football team, Gazza as in the much-loved footballer and not the place!!!)
  • #108,803
  • Dec 30, 2008 4:04pm Dec 30, 2008 4:04pm
Took a small long (one lot) position with my secondary broker, price of 4410 with tight SL. We'll see how she works out.
Just digging in the trenches like everyone else!
  • #108,804
  • Dec 30, 2008 4:12pm Dec 30, 2008 4:12pm
Quoting eohater
Took a small long (one lot) position with my secondary broker, price of 4410 with tight SL. We'll see how she works out.
Come back to my computer jump in at 4414.........

Now see that you got in also.......let's see how she rides!!

HOLLA
  • #108,805
  • Dec 30, 2008 4:17pm Dec 30, 2008 4:17pm
Quoting Turtle
Come back to my computer jump in at 4414.........

Now see that you got in also.......let's see how she rides!!

HOLLA
I wouldn't be upset if we got the same ride we got yesterday after the turn. Either way, we're in and we'll see where we end up!
Just digging in the trenches like everyone else!
  • #108,806
  • Dec 30, 2008 4:19pm Dec 30, 2008 4:19pm
Quoting eohater
I wouldn't be upset if we got the same ride we got yesterday after the turn. Either way, we're in and we'll see where we end up!
We're on the same page.....

Would love to see 4500+ again.

HOLLA
  • #108,807
  • Dec 30, 2008 4:55pm Dec 30, 2008 4:55pm
Quoting gammase1
train?

p.s. love the quote from Gazza on your signature (for all those with no knowledge of the Ingeeerland football team, Gazza as in the much-loved footballer and not the place!!!)
I changed it from gazza to paul gascoigne in case i got my post removed for political comments !

I reckon 'Paul Gazza' has been bombed out more often than the other place we cant mention...let's hope he recovers unlike all the others who passed that way

My long on euro/gbp is stuttering a bit - the tourist exchange rate is less than 1 euro to a gbp ! Foreign money worth more than the Queens currency !

Could be my euro long that drove it there
  • #108,808
  • Dec 31, 2008 2:49am Dec 31, 2008 2:49am
hello everybody

is anybody out there
  • #108,809
  • Dec 31, 2008 2:54am Dec 31, 2008 2:54am
Quoting deboooo2005
hello everybody

is anybody out there
not trade right now....
  • #108,810
  • Dec 31, 2008 2:56am Dec 31, 2008 2:56am
Quoting deboooo2005
hello everybody

is anybody out there

yep - just checked in
looks like markets are pretty thin
may be a scalp em if you see em night
  • #108,811
  • Dec 31, 2008 4:02am Dec 31, 2008 4:02am
Anyone thinking of going long soon?
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.JPG Size: 58 KB
  • #108,812
  • Dec 31, 2008 4:05am Dec 31, 2008 4:05am
Cable has broken resistance at 1,4480, but i dont think its going much higher.
Short?
  • #108,813
  • Edited 4:34am Dec 31, 2008 4:12am | Edited 4:34am
Quoting Heilpraktike
Cable has broken resistance at 1,4480, but i dont think its going much higher.
Short?
I am from 4505 - tp 4440
we'll see
have to admit - kinda risky in this type of market
  • #108,814
  • Dec 31, 2008 4:15am Dec 31, 2008 4:15am
Quoting Heilpraktike
Cable has broken resistance at 1,4480, but i dont think its going much higher.
Short?
It's continuing a push upwards, currently at 1.4510, but to me it seems only temporary. Not something to be excited about.
  • #108,815
  • Dec 31, 2008 4:21am Dec 31, 2008 4:21am
it can go up to 580 4h resistance
  • #108,816
  • Edited 5:14am Dec 31, 2008 5:03am | Edited 5:14am
short GU again at 1.4530. TP 1.43

Pound Set for Worst Annual Performance Against Euro, Slides Versus Dollar The British pound posted its worst annual performance against the euro on speculation the Bank of England will keep cutting interest rates to revive the recession- mired economy.
Give me patience
  • #108,817
  • Dec 31, 2008 5:11am Dec 31, 2008 5:11am
becareful, e/g heading to .9600 atleast which would push cable back to 1.46xx most likely
  • #108,818
  • Dec 31, 2008 5:14am Dec 31, 2008 5:14am
Quoting Bullfx
short GU again at 1.4530. TP 1.43
It may be a real gutsy move on your part because it sure seems like they want to go stop hunting above the 4555 level
  • #108,819
  • Dec 31, 2008 5:15am Dec 31, 2008 5:15am
Quoting Bullfx
short GU again at 1.4530. TP 1.43

Pound Set for Worst Annual Performance Against Euro, Slides Versus Dollar The British pound posted its worst annual performance against the euro on speculation the Bank of England will keep cutting interest rates to revive the recession- mired economy.

Where U SL
  • #108,820
  • Dec 31, 2008 5:19am Dec 31, 2008 5:19am
Watch this chart

watch the arrows
Attached Image (click to enlarge)
Click to Enlarge Name: 4hourchart.gif Size: 11 KB
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