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Cable Update (GBPUSD)

  • #114,681
  • Jan 23, 2009 11:17pm Jan 23, 2009 11:17pm
Quoting Subdude
I see another drop Sunday, as Asia needs to catch up with the "Broken Britain" developments of the past 24 hours. Perhaps not as low as 1.35 again, but the recent lows must be retested. And what would stop BOE from doing quantitative easing if the Fed has already started it?

I also don't see gold staying at $900 much longer - but that's just me. Disclosure: holding a small short from 1.3780 over the weekend.

asia probably traded US session and the European. Trading can't be that easy! The trend was strongly up. Waiting to break the trendline at 1.3900, i think. If it bounces Ill go short, and if it breaks, I long the shit out of cable.
  • #114,682
  • Jan 23, 2009 11:31pm Jan 23, 2009 11:31pm
dollar is seen as a safe heaven now

and that is surprising if one looks at the monetary policy and at the macroeconomic situation

the only positive thing is that Fed stated to ease interest rates earlier and without esitation

by the way, did you notice the drop on Friday against all the currencies the dollar has beaten down in the last days, especially CAD, EUR and GBP ?

it might just be a temporary bounce, but I would not take it for granted....
  • #114,683
  • Jan 23, 2009 11:38pm Jan 23, 2009 11:38pm
Quoting qweabc
asia probably traded US session and the European. Trading can't be that easy! The trend was strongly up. Waiting to break the trendline at 1.3900, i think. If it bounces Ill go short, and if it breaks, I long the shit out of cable.
Are you sure the trend was strongly up? The trend was up only from about 10:00 GMT, before that it was all downhill.

You might be okay with your long before the U.S. session though - after that we're looking at some earnings news from important Dow components such as Amex (think more evidence of credit losses, this one will be interesting), CAT and McD. Could very well be another blood bath.
  • #114,684
  • Jan 24, 2009 1:04am Jan 24, 2009 1:04am
Quoting Turtle
xe.com saids at this moment - 1.3645!!!!!!
HOLLA
wow that's great
keep this price till Monday morning and euro too down keep!
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  • #114,685
  • Jan 24, 2009 1:07am Jan 24, 2009 1:07am
Quoting Subdude
I see another drop Sunday, as Asia needs to catch up with the "Broken Britain" developments of the past 24 hours. Perhaps not as low as 1.35 again, but the recent lows must be retested.
that's great I like such words

Quoting qweabc
The trend was strongly up. Waiting to break the trendline at 1.3900, i think. If it bounces Ill go short, and if it breaks, I long the shit out of cable.
don't say such horrible and nasty things because I left lots opened till Monday
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  • #114,686
  • Jan 24, 2009 3:09am Jan 24, 2009 3:09am
great it's already 1.3645 (do it with euro too)
nice fall
I wish f*cking broker is not working today and doesn't want to open terminal as I want to close my lots now! I hate such lazy dirty brokers which sleeping during weekend!
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  • #114,687
  • Jan 24, 2009 4:00am Jan 24, 2009 4:00am
Quoting acedeno
I was killed today by the GBP/USD. Sad day for me. But I will come back. It's just a battle lost, not the war. Trading forex is like a war. I think I learned another lesson.
My Dear Fellow Trader,
It may interest you to know that what you did today and lost the battle is what you must do to win the battle tomorrow......in FOREX. Just pray to know the difference....and particularly when not to trade.
Maybe this message is not for you
Maybe for those who are looking for just one single method to succeed in trading.
Just maybe.
Maybe just for me!!!
  • #114,688
  • Jan 24, 2009 4:05am Jan 24, 2009 4:05am
just to anyone interested, my previous wave 4 of wave 3 has invalidated as it broke into the price range of wave 1 and 2 of 3. Its a scary thought but what we cud be looking at is just waves 1 and 2 of 3 instead, meaning massive drops are expected. Infact on second looks i start the wave count too early, i counted it from a c wave it would appear. meaning were r now on wave 2 of 3, starting wave 3 of 3.
Also what is this about price falling to 1.3645?
  • #114,689
  • Jan 24, 2009 4:08am Jan 24, 2009 4:08am
Quoting fry2010
meaning massive drops are expected.
oh that's pleasure to my ears
how can I make my broker open terminal? I want to close all positions now with profit
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  • #114,690
  • Jan 24, 2009 4:18am Jan 24, 2009 4:18am
Forbes how do u know bout price falling to 1.3645>? is that whats it s at now or am i getting it wrong?
I just went on yahoo quote, and its now at 1.3557??? can someone confirm this please?
Ok this is crazy i dont trust yahoo finance, i just refreshed the page and it went back up to 1.3781, then back to 1.3557. so what is it.
  • #114,691
  • Jan 24, 2009 4:21am Jan 24, 2009 4:21am
weekend quotes are just approximate numbers for the simple fact that no one is really exchanging currencies

wait for monday and see what happens
  • #114,692
  • Jan 24, 2009 4:24am Jan 24, 2009 4:24am
right, sure thing. wait and see.
  • #114,693
  • Jan 24, 2009 4:29am Jan 24, 2009 4:29am
Quoting fammira
weekend quotes are just approximate numbers for the simple fact that no one is really exchanging currencies
wait for monday and see what happens
I don't want to wait, I just want to close my positions now and that's all
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  • #114,694
  • Jan 24, 2009 4:32am Jan 24, 2009 4:32am
Quoting Forbes55
I don't want to wait, I just want to close my positions now and that's all
I am sorry if you are losing money, give yourself a few rules and stick with them, things will be much better.

If it's not the case and your balance is positive, why not to wait?
  • #114,695
  • Jan 24, 2009 4:34am Jan 24, 2009 4:34am
Quoting fammira
I am sorry if you are losing money, give yourself a few rules and stick with them, things will be much better.

If it's not the case and your balance is positive, why not to wait?
I'm not loosing, I'm in nice profit now according to real qoutes
that's why I want to close positions NOW, you see?
I have now 2200$ profit and I want to close all positions!!
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  • #114,696
  • Jan 24, 2009 4:52am Jan 24, 2009 4:52am
so r people thinking the move up and breakout of resistance was a trap to get people into long positions? thts what i think.
  • #114,697
  • Jan 24, 2009 4:53am Jan 24, 2009 4:53am
Nice profit!!!(2200$)
I wait to close position this sunday with the big profit this month (short 149,49)

Quoting Forbes55
I'm not loosing, I'm in nice profit now according to real qoutes
that's why I want to close positions NOW, you see?
I have now 2200$ profit and I want to close all positions!!
  • #114,698
  • Jan 24, 2009 5:01am Jan 24, 2009 5:01am
Quoting Forbes55
I'm not loosing, I'm in nice profit now according to real qoutes
that's why I want to close positions NOW, you see?
I have now 2200$ profit and I want to close all positions!!
You will have to wait, simple as that, as there is no way to make your broker open just for you. Also, do not take weekend quotes too seriously, because there is no market for forex at these times. Banks and institutions simply do not trade. And if deals are done they would not be published to any website but instead the positions would be squared in the market on Sunday night.
  • #114,699
  • Jan 24, 2009 5:03am Jan 24, 2009 5:03am
Quoting Forbes55
I'm not loosing, I'm in nice profit now according to real qoutes
that's why I want to close positions NOW, you see?
I have now 2200$ profit and I want to close all positions!!
Forbes,
Can u call your brokers to do that? Or wait to do that first thing @ the open of ur platform.
Am sure u will not go lower much over the weekend.....maybe you will have more!!!
Atleast you have a feeling now.... a feeling of having more.....its a good feeling. NO PROBLEM EVEN if u lose all now...haha!
  • #114,700
  • Jan 24, 2009 5:08am Jan 24, 2009 5:08am
Quoting goodwings
Forbes,
Can u call your brokers to do that? Or wait to do that first thing @ the open of ur platform.
Am sure u will not go lower much over the weekend.....maybe you will have more!!!
Atleast you have a feeling now.... a feeling of having more.....its a good feeling. NO PROBLEM EVEN if u lose all now...haha!
I don't need feelings and don't want more, I see real qoutes and I just want to close positions now with profit, that's it
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