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Cable Update (GBPUSD)

  • #115,741
  • Jan 28, 2009 11:44am Jan 28, 2009 11:44am
Quoting gammase1
Morning EO,

Cable is being well supported from the surge in UK banking stocks, which has seen Barclays and Lloyds rising 21% and 42% on the day, respectively.

Just as the uncertainty surrounding the UK banking sector was the main driver behind the incredible weekly 1,400 move to the downside, markedly improved sentiment toward the banks is allowing Cable to retrace significantly. Barclays this week have offered a greater degree of clarity on their capital position, with Lloyds receiving upgrades from two houses.

There are also rumours, probably...
Sorry, I had already walked away when you posted. Morning, afternoon now, but thank you for the fundamental view. As we all know, I'm not much of a fundamentalist.
Just digging in the trenches like everyone else!
  • #115,742
  • Jan 28, 2009 11:45am Jan 28, 2009 11:45am
I'm thinking that this afternoon's news will be dollar negative.

I'm long bias till closer to the next MPC meeting on 5th Feb.

FWIW.
  • #115,743
  • Jan 28, 2009 11:52am Jan 28, 2009 11:52am
looks to me that if the short happens it will have to really tank for tomorrow to be bearish ..its impossible right now to know where she is heading...

but so long as the pin high remains the high.. i have down bias
  • #115,744
  • Jan 28, 2009 11:53am Jan 28, 2009 11:53am
Quoting eohater
I'm in the midwest covered in 12inches of snow.
Sorry, bro. I've got only 5" today.
  • #115,745
  • Jan 28, 2009 11:55am Jan 28, 2009 11:55am
Quoting allserene
manic comfort eating
Funny you should say this. I made a bad trade some 1 hour ago and I now find myself munching tortilla crisps with 2 dips of cholesterol, grease and a few pure Vitamin E preservatives... and the trade was not that bad...
  • #115,746
  • Jan 28, 2009 11:56am Jan 28, 2009 11:56am
Quoting Komissar
Sorry, bro. I've got only 5" today.
There's always surgery, friend, which can fix this little problem of yours.
  • #115,747
  • Jan 28, 2009 11:57am Jan 28, 2009 11:57am
Quoting Vourvoul
Funny you should say this. I made a bad trade some 1 hour ago and I now find myself munching tortilla crisps with 2 dips of cholesterol, grease and a few pure Vitamin E preservatives... and the trade was not that bad...
Custard Creams and milky tea is my comfort when watching a stressful position.
  • #115,748
  • Jan 28, 2009 11:57am Jan 28, 2009 11:57am
Quoting gammase1
There's always surgery, friend, which can fix this little problem of yours.


Quoting gammase1
Custard Creams and milky tea is my comfort when watching a stressful position.
I tried adopting the habit of munching rice cakes a while back but never really gave me the satisfaction I get from grease.
  • #115,749
  • Jan 28, 2009 12:04pm Jan 28, 2009 12:04pm
Quoting gammase1
There's always surgery, friend, which can fix this little problem of yours.
May be it was a language problem - English is a second one for me, but I was talking about snow coverage.
If any inch mentioning refers to di.k length in your head - sorry, no surgery can help to fix your mind.
No offense, let’s keep “below equator” topic out of this forum.
  • #115,750
  • Jan 28, 2009 12:08pm Jan 28, 2009 12:08pm
Bears are tying to come alive. Will they prevail? I would need this one candle that is working to close below the prior 1h candle, plus confirmation on my 15m chart as well (Thus refering to the 4250, back up to 4300 not able to break through, then back down).
Just digging in the trenches like everyone else!
  • #115,751
  • Jan 28, 2009 12:08pm Jan 28, 2009 12:08pm
Quoting Komissar
May be it was a language problem - English is a second one for me, but I was talking about snow coverage.
If any inch mentioning refers to di.k length in your head - sorry, no surgery can help to fix your mind.
No offense, let’s keep “below equator” topic out of this forum.
Come on, friend. It was a light-hearted comment, far from being anything obscene or personal against you.

Settle down and don't be so prissy. Peace
  • #115,752
  • Jan 28, 2009 12:08pm Jan 28, 2009 12:08pm
Lol I drink 2 gallons of water a day so that's what Im always drinking and trading.

Lets see what price is going to do back at 1.43 . .
  • #115,753
  • Jan 28, 2009 12:10pm Jan 28, 2009 12:10pm
Quoting gammase1
Come on, friend. It was a light-hearted comment, far from being anything obscene or personal against you.

Settle down. Peace
I think John Lennon is best quoted here, "All we need is love" Written by Paul McCartney.
Just digging in the trenches like everyone else!
  • #115,754
  • Jan 28, 2009 12:12pm Jan 28, 2009 12:12pm
Quoting eohater
I think John Lennon is best quoted here, "All we need is love" Written by Paul McCartney.
Nothing but warmth from me to fellow posters on this thread. We should always attempt to work as a team on this thread, with each bringing their own analysis, critique or market comment. However, a bit of banter is also good.
  • #115,755
  • Jan 28, 2009 12:14pm Jan 28, 2009 12:14pm
Quoting gammase1
Nothing but warmth from me to fellow posters on this thread. We should always attempt to work as a team on this thread, with each bringing their analysis or market comment. However, a bit of banter is also good.
I agree whole heartidly! I will also admit, I had a chuckle over your post, but I knew you were just being light hearted.
Just digging in the trenches like everyone else!
  • #115,756
  • Jan 28, 2009 12:15pm Jan 28, 2009 12:15pm
Quoting eohater
Bears are tying to come alive. Will they prevail? I would need this one candle that is working to close below the prior 1h candle, plus confirmation on my 15m chart as well (Thus refering to the 4250, back up to 4300 not able to break through, then back down).
Ive no faith in either side until they break either side of that 4HR,.

Bear cubs is all I have been seeing of late
  • #115,757
  • Jan 28, 2009 12:16pm Jan 28, 2009 12:16pm
dollar appears ro be showing signs of life, any news or anything?
  • #115,758
  • Jan 28, 2009 12:17pm Jan 28, 2009 12:17pm
Quoting Jigsaw
Lol I drink 2 gallons of water a day so that's what Im always drinking and trading.

Lets see what price is going to do back at 1.43 . .
It's going to be interesting for sure. I'm contemplating adding more longs should we get a 15m candle close through the 15m 50ema. I see a ceiling at the 4350 area that's been a little bugger to get back through that concerns me.
Just digging in the trenches like everyone else!
  • #115,759
  • Jan 28, 2009 12:18pm Jan 28, 2009 12:18pm
could be a big ride down if it breaks 1.42. right now it's driving me nuts tho tbh
Thank You
  • #115,760
  • Jan 28, 2009 12:18pm Jan 28, 2009 12:18pm
Quoting gammase1
Come on, friend. It was a light-hearted comment, far from being anything obscene or personal against you.

Settle down and don't be so prissy. Peace
I am cool, no problem.
The bigger problem for me is GU next move, but looks like it will be more visible after 2pm.
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