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Cable Update (GBPUSD)

  • #119,641
  • Feb 10, 2009 12:45pm Feb 10, 2009 12:45pm
Quoting Abuawad
Well i can't confirm till now. but i can see 1.4331 & 1.4215
I see 4250ish as the next big hurdle
I'm hoping it will re-trace to 4550 are, so I can jump on the short bus
  • #119,642
  • Feb 10, 2009 12:49pm Feb 10, 2009 12:49pm
Quoting allserene
Greetings cloud enveloped Washingtonian !

Got back from UK to 300 days sunny Wenatchee yesterday. Woke up 1am pacific like it was 9am UK. looked at ceiling for 3 hours - got hungry as it was now noon UK

I should have done some trading but jet lagged trading is against my rules !

Report from UK - house prices have gone UP since I left in 2007 - they are not selling, but the stats are all about repo sales and the real majority of sellers are holding out and not selling low

export firms are laughing their socks off
Welcome back Al.Howve you been.

Heck of a day today.
  • #119,643
  • Feb 10, 2009 12:52pm Feb 10, 2009 12:52pm
looks like a DB so, technically we can move higher than 1.4550, we could go 4620 or even 4700... who knows...
  • #119,644
  • Feb 10, 2009 12:56pm Feb 10, 2009 12:56pm
Quoting cesarg
looks like a DB so, technically we can move higher than 1.4550, we could go 4620 or even 4700... who knows...
Maybe to 1.4565 & 1.4612 but not more than 1.4714 form these top to down again... lets see...
  • #119,645
  • Feb 10, 2009 1:19pm Feb 10, 2009 1:19pm
Just posted this on my journal but will post it here as well i guess. I bought gu greenline is buy. Redline above is tp area redline below stop loss area.


Later
Attached Image (click to enlarge)
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  • #119,646
  • Feb 10, 2009 1:28pm Feb 10, 2009 1:28pm
Quoting steelhead
Just posted this on my journal but will post it here as well i guess. I bought gu greenline is buy. Redline above is tp area redline below stop loss area.


Later
jeje, i think anything.... so, you bought at the same time as me... i don't know if it goes to 1.5000 right now, but good luck!!!
  • #119,647
  • Feb 10, 2009 1:31pm Feb 10, 2009 1:31pm
Quoting trader2160
Welcome back Al.Howve you been.

Heck of a day today.
Died of 8 hour jetlag in the freezing wet UK for 2 days - then got heavy cold/sinus from waterlogged, damp council house English people. Stayed in the hotel room for 4 days then crawled back home to Washington State 28 hours door to door - Washington, where the desert dogs run at 100mph and the trees are 101 miles apart

All that way for that ! They have it easier in guantanamo

London early July next stop to spend some of my worthless GBP - this time i will be armed with vitamin C and direct flight from Seattle...

No more Mr Tightarse when it comes to travelling

I reckon cable /euro are just responding to the DOW - the DOW is sulking coz the govt don't know what to do apart from hoping and sounding determined

The DOW will get over it in a day or two and it, plus cable will go back up
all will be forgiven and it will be safe to go back in the water

ps if you want a laugh - look at euro/usd 1 hour chart - looks like a seismo chart of mount st helens doing its thing
  • #119,648
  • Feb 10, 2009 1:55pm Feb 10, 2009 1:55pm
Stops at be now. Time of day and such makes me set stops a bit earlier than i usually do.

later
Attached Image (click to enlarge)
Click to Enlarge Name: gu5.jpg Size: 81 KB
  • #119,649
  • Feb 10, 2009 2:24pm Feb 10, 2009 2:24pm
Close my long at 1.5438. +71
  • #119,650
  • Feb 10, 2009 2:29pm Feb 10, 2009 2:29pm
Got an e-mail back from Twee regarding site issues
Thought I'd pass it along:

Hi Mark,

Indeed and we are aggressively working to get her back to excellence!
Thanks for taking the time to write in chief.

Cheers,

Twee
  • #119,651
  • Feb 10, 2009 2:53pm Feb 10, 2009 2:53pm
infinity, hi man,

how you see the movement today, after the NY close?
  • #119,652
  • Feb 10, 2009 3:13pm Feb 10, 2009 3:13pm
Quoting cesarg
infinity, hi man,

how you see the movement today, after the NY close?

Gentlemen..

I'm most anxious to learn the drop point for g/u....
I am also reading in Bloomberg news: UBS Recommends Buying Pound Against Dollar, Euro Over 24 Hours
http://www.bloomberg.com/apps/news?p...refer=currency

Talking heads just make a mess...dont make it easier

I got a ride down g/u train...hope it will be ready to continue the ride this evening..
  • #119,653
  • Feb 10, 2009 3:23pm Feb 10, 2009 3:23pm
i'm still holding short...
S1 : 1.4482
S2 : 1.4414
S3 : 1.4334
S4 : 1.4180
  • #119,654
  • Feb 10, 2009 3:39pm Feb 10, 2009 3:39pm
Hi on I can see two levels, for now, to the up side 1.4615 down 1.4350 act accordingly
  • #119,655
  • Feb 10, 2009 4:50pm Feb 10, 2009 4:50pm
Quoting John Lo
i'm still holding short...
S1 : 1.4482
S2 : 1.4414
S3 : 1.4334
S4 : 1.4180
if H1 chart close below 1.4482, next target 1.4414 i'll take another short.
  • #119,656
  • Feb 10, 2009 5:02pm Feb 10, 2009 5:02pm
Quoting John Lo
if H1 chart close below 1.4482, next target 1.4414 i'll take another short.
What do think ?
  • #119,657
  • Edited 5:36pm Feb 10, 2009 5:14pm | Edited 5:36pm
Quoting sofia101
Hi on I can see two levels, for now, to the up side 1.4615 down 1.4350 act accordingly
hello sofia..i have two entries..one at 4420 short..with TS 25....to drop ..
next is also at 4350 same with TS 35

Only question..i have SL at 4500...
wondering if this is enough..from movements..

I can see we have a determined drop and once it does drop below. 4485 ...it may not return till drop is over...

thanks
  • #119,658
  • Feb 10, 2009 5:30pm Feb 10, 2009 5:30pm
Quoting JammerJams
hello sofia..i have two entries..one at 4450 short..with TS 25....to drop ..
next is also at 4350 same with TS 35

Only question..i have SL at 4500...
wondering if this is enough..from movements..

I can see we have a determined drop and once it does drop below. 4485 ...it may not return till drop is over...

thanks
At this moment I can't see it going lower then 1.4380-50 to finish the move it have to go to 1.40 but it may not happened.About your SL you know your MM but look at swings crazy
  • #119,659
  • Edited 6:47pm Feb 10, 2009 5:33pm | Edited 6:47pm
Yesterday, UBS recommended their clients, at that time, GU was 1.48 :
Feb. 10 - UBS Recommends Buying Pound Against Dollar, Euro During the Next 24 Hours Investors should buy the pound against the dollar and the euro over the next 24 hours, according to UBS AG, the world’s second-biggest foreign-exchange trader.
Give me patience
  • #119,660
  • Feb 10, 2009 5:34pm Feb 10, 2009 5:34pm
I will be buying at 1.4350-80 but I have wide SL it's based on 4H chart
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