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Cable Update (GBPUSD)

  • #112,681
  • Jan 19, 2009 11:16am Jan 19, 2009 11:16am
Quoting asian_sg_guy
it will break just wait and see


Please, be informed that from 20 January 2009, at 10:30 Bulgarian time due to high market volatility and low liquidity the spreads of the currency pairs will be as follows:

USD/SEK from 100 pips to 150 pips
EUR/NOK from 100 pips to 150 pips
USD/NOK from 100 pips to 150 pips
USD/RUB from 1000 pips to 1500 pips

We wish you successful trading!

Deltastock Dealing Department
Patience is the keyword here...
  • #112,682
  • Jan 19, 2009 11:17am Jan 19, 2009 11:17am
Quoting asian_sg_guy
it will break just wait and see
Not good enough

If you make a prediction then you should be prepared to explain your reasoning - otherwise people will assume you are moe or the proff

I may be wrong a lot recently, but at least I am rational and prepared to state my (wrong) ideas
  • #112,683
  • Jan 19, 2009 11:18am Jan 19, 2009 11:18am
we already seen a huge downfall and shorting now would be a bad idea that's my point, but of course u need to do research before entering
  • #112,684
  • Jan 19, 2009 11:19am Jan 19, 2009 11:19am
Quoting asian_sg_guy
we already seen a huge downfall and shorting now would be a bad idea that's my point, but of course u need to do research before entering
  • #112,685
  • Jan 19, 2009 11:22am Jan 19, 2009 11:22am
Quoting asian_sg_guy
we already seen a huge downfall and shorting now would be a bad idea that's my point, but of course u need to do research before entering
Yes I have lost a lot of hair in the last 5 years - so it's time now for it to grow back ?
  • #112,686
  • Jan 19, 2009 11:22am Jan 19, 2009 11:22am
Quoting asian_sg_guy
we already seen a huge downfall and shorting now would be a bad idea that's my point, but of course u need to do research before entering

i dont know man, no offence but i don't know if you can use 'experience' on a day like today. bank shares crashed through the floor, its not something you see everyday. im flying blind man.
  • #112,687
  • Jan 19, 2009 11:27am Jan 19, 2009 11:27am
every fall, there is correction, understand that this is still a market
  • #112,688
  • Jan 19, 2009 11:28am Jan 19, 2009 11:28am
Quoting gammase1
Because London and rest of Europe has finished for the day and it's a US holiday.
Looks like I will have to wait for the Asian session to push this baby up again
  • #112,689
  • Jan 19, 2009 11:29am Jan 19, 2009 11:29am
Quoting asian_sg_guy
we already seen a huge downfall and shorting now would be a bad idea that's my point, but of course u need to do research before entering
On that basis, it would've been a bad idea to short Cable after it fell from 2.0 to 1.9 in August (I foolishly thought so at the time, much to my cost), and a further bad idea to short it after it fell to 1.80....

Similarly, a bad idea to short the S&P500 after she fell from 1,565.00 to 1,100.00 and a further bad idea to short it again at 1,000.00?

Shall we talk about the fall of Crude Oil and use that as a case-study?

Come on man, you have to do better than that with your analysis.
  • #112,690
  • Jan 19, 2009 11:32am Jan 19, 2009 11:32am
Quoting Chris_35
Looks like I will have to wait for the Asian session to push this baby up again
You and me both, mate...
  • #112,691
  • Jan 19, 2009 11:37am Jan 19, 2009 11:37am
Quoting gammase1
You and me both, mate...
well if this morning asia trade is any indication - both of you might be lucky!! good luck and hope the pips come your way!

I am out of here!
  • #112,692
  • Jan 19, 2009 11:37am Jan 19, 2009 11:37am
Quoting allserene
Not good enough

If you make a prediction then you should be prepared to explain your reasoning - otherwise people will assume you are moe or the proff

I may be wrong a lot recently, but at least I am rational and prepared to state my (wrong) ideas
He's weird
I don't trust in that guy!
  • #112,693
  • Jan 19, 2009 11:41am Jan 19, 2009 11:41am
Quoting gammase1
On that basis, it would've been a bad idea to short Cable after it fell from 2.0 to 1.9 in August (I foolishly thought so at the time, much to my cost), and a further bad idea to short it after it fell to 1.80....

Similarly, a bad idea to short the S&P500 after she fell from 1,565.00 to 1,100.00 and a further bad idea to short it again at 1,000.00?

Shall we talk about the fall of Crude Oil and use that as a case-study?

Come on man, you have to do better than that with your analysis.
Oh dear Gammy, this guy is yet another Emperor with no clothes - he started off well and then fizzled

If I knew how to do 90% trades I would not be posting on here - I would be stealing liz hurley off her latest billionaire - so we should not expect revelations I suppose
  • #112,694
  • Jan 19, 2009 11:48am Jan 19, 2009 11:48am
Should'nt we wait to see a double bottom before we buy? Or am I wrong?
  • #112,695
  • Jan 19, 2009 11:51am Jan 19, 2009 11:51am
Look back at the end of December and the Beginning of January. That bottom was around 1.4350.
  • #112,696
  • Jan 19, 2009 11:51am Jan 19, 2009 11:51am
Quoting allserene
Yes I have lost a lot of hair in the last 5 years - so it's time now for it to grow back ?
You can say your hair stochs are pointing to oversold.
  • #112,697
  • Jan 19, 2009 11:58am Jan 19, 2009 11:58am
P.A. is bearish at the moment, longs may be in trouble. Just a little patience.
  • #112,698
  • Jan 19, 2009 11:59am Jan 19, 2009 11:59am
Just to throw a spanner in the works of the Long squad. Here is a thought:

Referring to the chart from Week1 2009, cable played some flag patterns with minor Fib retracements and smacked the 161 Fibo's from the previous leg before turning each time. The flags and pennants played out beautifully as shown in the M30 attachment from last week.

As this baby does not want to retrace even with the late Footsie rally this afternoon and given that we have 2 nervous sessions left before the much anticipated Oh Bam! ah effect 2moro, my thoughts are that it is possible that the flags and extensions play out again to the downside to reach a target of 14300 before the nerves dissappear 2moro... Quite a bit of traffic levels along the way tho but ironically (altho I have not shown it here) this also smacks a descending trendline at the same level.

Exactly the same fibs work out in GBPJPY and When you apply the same extensions to the latest leg of the GBPJPY chart it seems the 161 Fib coincides with the recent significant low at 128.80

Just a thought with a chart...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Flag 20090107.jpg Size: 170 KB
Click to Enlarge Name: Flag 20090119.jpg Size: 88 KB
Ride the Bulls bearback!
  • #112,699
  • Jan 19, 2009 12:02pm Jan 19, 2009 12:02pm
Quoting Infinity
I see this a potential neckline break and retest of this shampoo on h1... target will be down below...
broken neckline still holding...
Patience + Discipline - Greed = Success
  • #112,700
  • Jan 19, 2009 12:02pm Jan 19, 2009 12:02pm
with u on the 1.4300 target. Maybe even to 1.4000. On break of 1.4430
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