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Cable Update (GBPUSD)

  • #127,341
  • Mar 19, 2009 9:36am Mar 19, 2009 9:36am
Quoting kalparker
I don't get why Japan hasn't begun depreciating there currency, It just keeps getting stronger. This is a disaster for there export driven economy.
i think they may have thought they were fighting a lost cause. Attempts in the past havent always been successfull.

But they may be encouraged now to do so seeing the effects the SNB and the FED have had on their currencies by such announcments, coupled with the fact that it is once again appreciating against the dollar
  • #127,342
  • Mar 19, 2009 9:43am Mar 19, 2009 9:43am
Hey Pip
I think it will come down to 1.4250 level........... I read charts different way ......I like to go against trend ...........and majority time I burn big time...... What to do..........you are a superior trader!


Quoting PipLand
Im good thanks Banda hope your doing well!

Thanks for explaining I would have thought you'd have locked it at BE now?

Anyway youve got a pin on the 1hr which is good for your short!

Whats your target?
BANDA333
  • #127,343
  • Mar 19, 2009 9:47am Mar 19, 2009 9:47am
Abuawad are still holding on to those shorts
  • #127,344
  • Mar 19, 2009 10:02am Mar 19, 2009 10:02am
Quoting kalparker
I don't get why Japan hasn't begun depreciating there currency, It just keeps getting stronger. This is a disaster for there export driven economy.

Because the American consumer can't buy SHIT!!!!
  • #127,345
  • Mar 19, 2009 10:02am Mar 19, 2009 10:02am
Going for 4660.......TODAY!!!
  • #127,346
  • Mar 19, 2009 10:04am Mar 19, 2009 10:04am
Quoting BANDA
Hey Pip
I think it will come down to 1.4250 level........... I read charts different way ......I like to go against trend ...........and majority time I burn big time...... What to do..........you are a superior trader!
Hey banda I dont think it will come down taht far because we have broken out of the multi month daily channel.

Theres nothing wrong with going against the trend i do it myself. There was a good signal to short on your entry I just would have taken a small profit because the bulls are too strong at the moment. Youve made some good trades in the past and your not afraid to put your cards on the table so full respect for that, Im not a superior trader!! Im just the same as everyone else I get my arsed burned too you know!
  • #127,347
  • Mar 19, 2009 10:05am Mar 19, 2009 10:05am
Quoting AmeriTrini
Going for 4660.......TODAY!!!
yep I see 4660 maybe not today but by tomorrow
  • #127,348
  • Mar 19, 2009 10:23am Mar 19, 2009 10:23am
Per weekly chart
Attached Image
  • #127,349
  • Mar 19, 2009 10:23am Mar 19, 2009 10:23am
It looks like 146 is going to be a more significant barrier to breach than 144 & 145 were.

Will have to watch and see if it gets taken out and if it can hold.
  • #127,350
  • Mar 19, 2009 10:30am Mar 19, 2009 10:30am
Quoting SmoothTrader
It looks like 146 is going to be a more significant barrier to breach than 144 & 145 were.

Will have to watch and see if it gets taken out and if it can hold.

That's going to fall like a TON OF BRICKS .........1.5000 is the one to watch.........not 1.4600.
  • #127,351
  • Mar 19, 2009 10:35am Mar 19, 2009 10:35am
perfect,,,it is 1.4608 man

And as u typed,,Bears start acting



Quoting SmoothTrader
It looks like 146 is going to be a more significant barrier to breach than 144 & 145 were.

Will have to watch and see if it gets taken out and if it can hold.
  • #127,352
  • Mar 19, 2009 10:38am Mar 19, 2009 10:38am
woosh, just scalped 35 pips
  • #127,353
  • Mar 19, 2009 1:57pm Mar 19, 2009 1:57pm
hi, forum sleep
  • #127,354
  • Mar 19, 2009 2:53pm Mar 19, 2009 2:53pm
listening to the 6pm news on the BBC

It says the UK will have the biggest deficit of

ANY INDUSTRIALISED NATION !

So whats with this rise in GBP ?
  • #127,355
  • Mar 19, 2009 3:08pm Mar 19, 2009 3:08pm
So,

'Should keep my short running ehh?...! !
Hope all's well, F.F. seems to be hard to get
in r.now! Anyway, 'sure would like a retest of
that 1.4486 level.
Cheers,

Jeff !
I will work to Objectively Identify my Edges
  • #127,356
  • Mar 19, 2009 3:11pm Mar 19, 2009 3:11pm
Quoting TerpFan2
So,

'Should keep my short running ehh?...! !
Hope all's well, F.F. seems to be hard to get
in r.now! Anyway, 'sure would like a retest of
that 1.4486 level.
Cheers,

Jeff !
Jeff,

Good to see you my friend!

Hope your doing well and everything is getting in order for you!

EO
Just digging in the trenches like everyone else!
  • #127,357
  • Edited 3:28pm Mar 19, 2009 3:14pm | Edited 3:28pm
Quoting allserene
listening to the 6pm news on the BBC

It says the UK will have the biggest deficit of

ANY INDUSTRIALISED NATION !

So whats with this rise in GBP ?
I can only imagine its because the Dollar is much, much weaker than our beloved Pound. The 1.2 Trillion injection must have seriously hit hard on the Dollar. I was in Canary Wharf today, trading just outside of the Reuters Plaza and most of the banking sector stocks were quite strongly up from the session open.
"The trend is your friend, until the end."
  • #127,358
  • Mar 19, 2009 4:30pm Mar 19, 2009 4:30pm
Quoting TerpFan2
So,

'Should keep my short running ehh?...! !
Hope all's well, F.F. seems to be hard to get
in r.now! Anyway, 'sure would like a retest of
that 1.4486 level.
Cheers,

Jeff !
yeah keep it running -a trill here or there is nothing for america but the UK sounds a real mess

That has to reflect in the rate at some stage

I got caught by the updraught with a small position - but I am reeling it back at the mo

being careful - but the fundies have to be against GBP
  • #127,359
  • Mar 19, 2009 4:33pm Mar 19, 2009 4:33pm
Quoting ForexRookie
I can only imagine its because the Dollar is much, much weaker than our beloved Pound. The 1.2 Trillion injection must have seriously hit hard on the Dollar. I was in Canary Wharf today, trading just outside of the Reuters Plaza and most of the banking sector stocks were quite strongly up from the session open.
yes cnbc were saying that banking stocks were up 55% in the last x weeks

and they were saying sell !

dont often hear them saying that

i dumped a huge wad of shares (no banking in my portfolio)

buy em back again in a week or two

anything with more than 15% to 20% rise in a week gets sold
  • #127,360
  • Mar 19, 2009 4:34pm Mar 19, 2009 4:34pm
Quoting eohater
Jeff,
Good to see you my friend!
Hope your doing well and everything is getting in order for you!
EO
Great to Hear from you Eo!
Thanks Yes, everything in order w/the parents,
for what 'can for now.

-'Got a little more sleep, missed some trades,
but you know buddy, there's always another one right around 'corner~!

i had faith to go after my weekly goal & "Chiseled Out,"
-what i could w/laptop, on 'way home from work, this afternoon!

*I'm working on 10 weeks, now matter how long the week may run(s),
for consistency. From there, My next goal will be an add'tl 10 weeks,
to Support 'Camp for Kids & 'Churches & my own work for them
in 'Mid-Atlantic Region.

'Flat fired up Eo to keep the consistency going.
Wishiing you the best my friend, -gotta go grab me my
"Chic-fil-A" ! on the ride home BroA!,
(Yeah Baby)!

Have a gREAT ONE,

Jeff !
I will work to Objectively Identify my Edges
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