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Cable Update (GBPUSD)

  • #124,701
  • Mar 4, 2009 9:34am Mar 4, 2009 9:34am
Longside target today 1.4182...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #124,702
  • Mar 4, 2009 9:36am Mar 4, 2009 9:36am
Quoting Magix
Longside target today 1.4182...
Lol
  • #124,703
  • Mar 4, 2009 9:44am Mar 4, 2009 9:44am
Quoting J e M y
And USD/JPY it's go down to 95.00 if it not reach 99.80
agree
i forgot money managment and sold big lots of $/yen and g/yen and want see what will happen
  • #124,704
  • Mar 4, 2009 9:47am Mar 4, 2009 9:47am
Quoting jimo
agree
i forgot money managment and sold big lots of $/yen and g/yen and want see what will happen
Me too 5 Lots and wait to break down ..

I will close this position with loses if it come above 99.80
  • #124,705
  • Mar 4, 2009 9:48am Mar 4, 2009 9:48am
good time to short usd yen i think. too overbought.
Thank You
  • #124,706
  • Mar 4, 2009 9:53am Mar 4, 2009 9:53am
Quoting J e M y
And USD/JPY it's go down to 95.00 if it not reach 99.80

if you look at weekly around 98.8x is the 50% of 110.60-87.0, if this week close below, a bigger down could start again.
anyway, below 101.5, is still favouring short positions in the longterm. i don't konw how much this situation could extend.

just 2 times UJ goes below 101.5 and was in crisis time. the other times was rejected to lower highs. you can easily watch in monthly

just my opinion
  • #124,707
  • Mar 4, 2009 9:53am Mar 4, 2009 9:53am
Quoting J e M y
Lol
Here is the 1hr chart for my forecast.
Attached Image
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #124,708
  • Mar 4, 2009 9:57am Mar 4, 2009 9:57am
Attached Image (click to enlarge)
Click to Enlarge Name: stoch trade.jpg Size: 177 KB


love them stoches... with all the analytical, i add stoches...
am now short...
The nicest thing about the future is that it always starts tomorrow.
  • #124,709
  • Mar 4, 2009 9:58am Mar 4, 2009 9:58am
Quoting Magix
Here is the 1hr chart for my forecast.
Ok

but for safe we can sale from 1.4160 to 1.4110 ~ 50 Pips
  • #124,710
  • Mar 4, 2009 10:18am Mar 4, 2009 10:18am
Everyone says short but our votes don't count.

If the DOW jumps 20%, what will happen to cable ? - recently it means cable would shoot up because the 'safe haven' factor of the USD will reduce

Many economists and major bank forex managers expect a big collapse in the dollar as soon as the danger to the US economy passes - its a paradox isn't it, that as the US economy shows it is alive, the dollar should plunge because it's safe for the world to go back in the water

I am still short cable for now, but hugely cautious
  • #124,711
  • Mar 4, 2009 10:18am Mar 4, 2009 10:18am
Funny how its dead silent on the thread? whats is going on?
  • #124,712
  • Mar 4, 2009 10:19am Mar 4, 2009 10:19am
Quoting J e M y
Ok

but for safe we can sale from 1.4160 to 1.4110 ~ 50 Pips
closing above 4160 would mean brake out for me, to the upside, so i i'd say be careful. just imho
  • #124,713
  • Mar 4, 2009 10:24am Mar 4, 2009 10:24am
Quoting allserene
Everyone says short but our votes don't count.

If the DOW jumps 20%, what will happen to cable ? - recently it means cable would shoot up because the 'safe haven' factor of the USD will reduce

Many economists and major bank forex managers expect a big collapse in the dollar as soon as the danger to the US economy passes - its a paradox isn't it, that as the US economy shows it is alive, the dollar should plunge because it's safe for the world to go back in the water

I am still short cable for now, but hugely cautious
I saw that clip you posted of David Bloom from HSBC, who seemed incredulous regarding the current factors providing strength to the greenback.

To an extent, I agree with much of what he says. However, the flip side of that argument is what currencies offer investors a safer place for their money.
  • #124,714
  • Mar 4, 2009 10:24am Mar 4, 2009 10:24am
Quoting for_idea
closing above 4160 would mean brake out for me, to the upside, so i i'd say be careful. just imho
dead right

I am not even going to the toilet looking at this point on the chart

I am wearing an astronaut nappy and fondling my mouse
  • #124,715
  • Mar 4, 2009 10:26am Mar 4, 2009 10:26am
Quoting allserene
Everyone says short but our votes don't count.

If the DOW jumps 20%, what will happen to cable ? - recently it means cable would shoot up because the 'safe haven' factor of the USD will reduce

Many economists and major bank forex managers expect a big collapse in the dollar as soon as the danger to the US economy passes - its a paradox isn't it, that as the US economy shows it is alive, the dollar should plunge because it's safe for the world to go back in the water

I am still short cable for now, but hugely cautious
I agree with you . cable is due for corrective move back up to 150. But, it might go down first to 135 or just go up from here. So , we r in no mans zone right now
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #124,716
  • Mar 4, 2009 10:34am Mar 4, 2009 10:34am
Quoting allserene
dead right

I am not even going to the toilet looking at this point on the chart

I am wearing an astronaut nappy and fondling my mouse
  • #124,717
  • Mar 4, 2009 10:35am Mar 4, 2009 10:35am
The reason the thread is quiet is that many are losing money on their shorts

It's decision time
  • #124,718
  • Mar 4, 2009 10:37am Mar 4, 2009 10:37am
last evening I went long........at 1.400 ........I know you guys want to short so I am now going to raise my stop to 1.410..........I think this is heading to 1.43 ........there is gap around 1.43 from the beginning of the week..........
BANDA333
  • #124,719
  • Mar 4, 2009 10:42am Mar 4, 2009 10:42am
Quoting BANDA
last evening I went long........at 1.400 ........I know you guys want to short so I am now going to raise my stop to 1.410..........I think this is heading to 1.43 ........there is gap around 1.43 from the beginning of the week..........
Dow 6878 up 149 and holding

If it holds towards the close then i reckon your scenario is right

If profit taking comes in, then cable will fall back

I am making bucket loads of cash on the DOW (nearly all miners and oil related companies) - but losing on my cable short which I have just pared back

Dow is just coming off a little
  • #124,720
  • Mar 4, 2009 10:42am Mar 4, 2009 10:42am
i think a clearer picture will be painted in the next 5 hours or so! although that may be to late!
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