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Cable Update (GBPUSD)

  • #125,601
  • Mar 9, 2009 9:51am Mar 9, 2009 9:51am
Quoting Galation
You wouldn't have missed anything if you had placed smart sell or buy limit orders.
With movements lately, would rather do all orders manually...

Plus, I ain't that smart...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #125,602
  • Mar 9, 2009 9:53am Mar 9, 2009 9:53am
Where's Komissar. You need to hold my hand 3600
Good luck.
Thank You
  • #125,603
  • Mar 9, 2009 9:53am Mar 9, 2009 9:53am
Quoting penycae
Sentiment on this forum seems to suggest that the UK is the only Country in trouble. Theory is that it'll be the U.S that leads the recovery, hence the "flight to quality" and the strong dollar. Cable at or near a ten year low. The DOW, the S&P? What do you think. Up or down?
The Euro? Is that likely to strengthen? Dollar, GBP and Euro parity? I don't think it'll even come close.
In the meantime, go with the trend. The dollar is on the up at the moment. A few months ago you could buy two for a pound. Funny old world.

US is not leading the recovery. but a lot of countries prefer to weak its own money to not ruin its exports and USD reserves. when the recovery really start US dollar will pay its part.
  • #125,604
  • Mar 9, 2009 9:55am Mar 9, 2009 9:55am
Quoting cesarg
US is not leading the recovery. but a lot of countries prefer to weak its own money to not ruin its exports and USD reserves. when the recovery really start US dollar will pay its part.
In other words, when people start to move away from risk aversion and their risk appetite improves, the USD will get poo'd on.
Probability Professor
  • #125,605
  • Mar 9, 2009 9:56am Mar 9, 2009 9:56am
Quoting cesarg
how do you have a 500 pip of looses!!!!... didn't use any stop looses??? if price move 100 pips against you better must to close the trade manually, and accept the looses. 100 pips is more easy to recover than 500. sorry my friend.
is a pity to loss 500 pips in a single trade...

it once happened to me..never stay in a trade when ever there is a break up..and it comes against you...you will learn a lot from this forum..

you must have PHD in loosing for you to make it in fx
  • #125,606
  • Mar 9, 2009 9:58am Mar 9, 2009 9:58am
Quoting Galation
In other words, when people start to move away from risk aversion and their risk appetite improves, the USD will get poo'd on.
The Dollar Paradox Theorem, as outlined by our very own Professor Allserene only last week.
  • #125,607
  • Mar 9, 2009 10:01am Mar 9, 2009 10:01am
seem gu want reach 3700 soon..
No Pain No Gain
  • #125,608
  • Mar 9, 2009 10:03am Mar 9, 2009 10:03am
Mon, Mar 9 2009, 13:38 GMT
by FastBrokers Research Team
FastBrokersFX


GBP/USD

The Cable is crashing Monday on the news Britain is nationalizing Lloyd’s Bank. Additionally, it seems HSBC has considerable exposure in U.S. loans, hinting it will need further assistance from the British government. Hence, the Britain government is committing itself fully to unknown levels of toxic debt, meaning the BOE may have to print many more Pounds to account for the losses. This news has sent the GBP/USD tumbling below our 1st tier uptrend line and well below the psychological 1.40 level. The Cable is on the path to retest 2009 lows in a hurry. Should the currency pair reach 2009 lows intraday, we expect considerable support and a rally from these levels. However, the development is confirming our negative trend outlook on the Cable. The next important development will be whether the Cable can hold 2009 lows in the near-term. If the lows don’t hold, then we could witness the continuation of incredible near-term selling pressure. Fundamentally, we find resistances of 1.3777, 1.3805, 1.3844, and 1.3877. To the downside, we see supports of 1.3726, 1.3683, 1.3621, and 1.3585. The 1.40 level becomes a psychological barrier to the upside with 1.35 serving as a cushion to the downside. The GBP/USD is currently exchanging at 1.3764.
Probability Professor
  • #125,609
  • Mar 9, 2009 10:05am Mar 9, 2009 10:05am
i am long @ 1.3794..

how save are mine?
  • #125,610
  • Mar 9, 2009 10:07am Mar 9, 2009 10:07am
Quoting BANDA
Hey Pip ,
How are you? I just closed my long on GBP/$ but keeping and watching USD/CAD short from 1.3030 ...........this is crazy pair so there also CAD may weaken even though Canadian economy suffering less compared to other industrial countries ..........Go Loonie go........!
Hey Banda Im good thnks havent had any trades today im still looking over the market for opportunities i dont feel like trading cable at the moment i missed my short yesterday night and wasnt prepared to go chasing pips.

You got a really nice entry on USD/CAD. That pair has broken out of a wedge to the upside so be caefull as it might follow through, set your SL to BE at least. If its a false breakout you could be in the . Personally i think it ill follow through though
  • #125,611
  • Mar 9, 2009 10:21am Mar 9, 2009 10:21am
Quoting Galation
In other words, when people start to move away from risk aversion and their risk appetite improves, the USD will get poo'd on.
Poo'd on until the US Fed is the 1st one to start fighting inflation by raising rates.
  • #125,612
  • Mar 9, 2009 10:21am Mar 9, 2009 10:21am
Quoting cesarg
how do you have a 500 pip of looses!!!!... didn't use any stop looses??? if price move 100 pips against you better must to close the trade manually, and accept the looses. 100 pips is more easy to recover than 500. sorry my friend.

i countered trade instead of hedging that is why i got 500 pip loss but i learn alot..and i am sure it will never happen again in coming future thanks once again..

Ub
  • #125,613
  • Mar 9, 2009 10:25am Mar 9, 2009 10:25am
try to be careful shorting Ucad. look at weekly.... bull pennant break to up.. target looks a little unrealistic by now... but.... 1.47 is not so far.

even in 4h the formation looks like a bull pennant... if is true, around 1.3250 is the target...
  • #125,614
  • Mar 9, 2009 10:26am Mar 9, 2009 10:26am
Quoting ubaidahsan
i countered trade instead of hedging that is why i got 500 pip loss but i learn alot..and i am sure it will never happen again in coming future thanks once again..

Ub

hedging will not help you ever. be careful
  • #125,615
  • Mar 9, 2009 10:39am Mar 9, 2009 10:39am
Quoting Galation
Mon, Mar 9 2009, 13:38 GMT
by FastBrokers Research Team
FastBrokersFX


GBP/USD

The Cable is crashing Monday on the news Britain is nationalizing Lloyd’s Bank. Additionally, it seems HSBC has considerable exposure in U.S. loans, hinting it will need further assistance from the British government. Hence, the Britain government...
Hell's chubbies ! UK going back to 15th December 1653 with a 'Lord Protector' ruling over parliament and everyone living by farming instead of working in a bank with imaginary money, downloading porn and and eating curry with chop sticks (The time of the great advance)

Lloyds/HBOS was effectively nationalised anyway and I reckoned HSBC was not as virginal as they claimed so I closed my account in Jersey last week (no compo scheme there)

This is financial sky diving with no reserve 'chute - exciting isnt it

CNN - Two nuclear powers squaring off and showing their botties at the other sides sailors - you couldn't make it up ! Traditionally , sailors were not averse to such invitations - hence the invention of the 'golden rivet'

The world has gone mad, Blighty gone to the dogs etc etc
  • #125,616
  • Mar 9, 2009 10:47am Mar 9, 2009 10:47am
Quoting cesarg
hedging will not help you ever. be careful

yes true but if i hedge so from this way i can get back my account till end of this week but due to wrong timing counter i faced a huge loss if i hedge so i have still time and my profit will be 300+ or may be 200+ but in both cases i can recover it but now no chance i have to wait until it back to retracement


Ub
  • #125,617
  • Mar 9, 2009 10:52am Mar 9, 2009 10:52am
Ok enough about hedging
better say who dares to enter long now again or maybe already did?
ROBOT FOREX
  • #125,618
  • Mar 9, 2009 10:53am Mar 9, 2009 10:53am
Quoting Forbes55
Ok enough about hedging
better say who dares to enter long now again or maybe already did?
from what level are you long at?
  • #125,619
  • Mar 9, 2009 10:54am Mar 9, 2009 10:54am
Quoting ubaidahsan
yes true but if i hedge so from this way i can get back my account till end of this week but due to wrong timing counter i faced a huge loss if i hedge so i have still time and my profit will be 300+ or may be 200+ but in both cases i can recover it but now no chance i have to wait until it back to retracement


Ub
If by hedging you mean buying and selling the same currency then this is completly useless, unless;

1) your holding long term positions and scalping the opposite movements.

2) Your hedging using different currency pairs
  • #125,620
  • Mar 9, 2009 10:55am Mar 9, 2009 10:55am
Quoting gammase1
from what level are you long at?
I just want to make long again a bit but waiting
ROBOT FOREX
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