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Cable Update (GBPUSD)

  • #131,641
  • May 8, 2009 3:42pm May 8, 2009 3:42pm
Eric hi buddy

How are you? I am loosing big too. Did you see the chart I have put .........seems like 1.53 is max............ you can compare with CHF too .......max has moved............... Life is always like that..... when things are bad everything go bad..........

Try to be positive(deep breathing/little bit of meditation/yoga/workout a bit/maybe take my son to his games lol ............let see if can recover if not I am giving up ..........that's it for me.........
Hope U.K govt will bring the GBP down



Quoting EricB
Banda/Inzider - I'm losing big time here as well - I thought the trend had reversed after GBP QE . Surely it cant go beyond 1.53 ?! its been more or less up without any major correction since 1.463.
Attached Image (click to enlarge)
Click to Enlarge Name: CHF.JPG Size: 198 KB
BANDA333
  • #131,642
  • May 8, 2009 3:44pm May 8, 2009 3:44pm
I see things slowing down. You might want to get ready to shift gears and reverse. However, stay with the trend as long as you can. I'll be done very soon. A horrible day turned into a fantastic day!

Cheers
{Promotion Removed}
  • #131,643
  • May 8, 2009 3:46pm May 8, 2009 3:46pm
Thankx buddy you too.........have a good one
see you all

Quoting jgnorton
I see things slowing down. You might want to get ready to shift gears and reverse. However, stay with the trend as long as you can. I'll be done very soon. A horrible day turned into a fantastic day!

Cheers
BANDA333
  • #131,644
  • May 8, 2009 3:48pm May 8, 2009 3:48pm
+109 pips!!!
  • #131,645
  • May 8, 2009 3:51pm May 8, 2009 3:51pm
Hey your English is fantastic ...........my english not good either......... not a native english speaker............I know little french .............always wanted to find a job in QB ............. jusqu' au prochain temps

Quoting Inzider
Hey Banda!

yes it should go back at your level but as you said when?... And how up will it go before... Trading counter trend your better set tight stop then take the big move in your face. I know its hard!... Whit trend most of the time you can do BE...


Maby set a SL 10 pips over 1.5250 and hope.... i dunno. I bet some want this to close over 1,52 and EU over 1.3600.... its alot of pressure on both side.

Im from Quebec, if you look how I right english is easy to know,
You'r from Canada? Province?
BANDA333
  • #131,646
  • May 8, 2009 4:22pm May 8, 2009 4:22pm
Quoting EricB
Banda/Inzider - I'm losing big time here as well - I thought the trend had reversed after GBP QE . Surely it cant go beyond 1.53 ?! its been more or less up without any major correction since 1.463.

thats what u think
  • #131,647
  • May 8, 2009 5:36pm May 8, 2009 5:36pm
Quoting nAVIN2007
thats what u think
What do you think Navin?
  • #131,648
  • May 8, 2009 5:41pm May 8, 2009 5:41pm
Quoting BANDA
Eric hi buddy

How are you? I am loosing big too. Did you see the chart I have put .........seems like 1.53 is max............ you can compare with CHF too .......max has moved............... Life is always like that..... when things are bad everything go bad..........

Try to be positive(deep breathing/little bit of meditation/yoga/workout a bit/maybe take my son to his games lol ............let see if can recover if not I am giving up ..........that's it for me.........
Hope U.K govt will bring the GBP down
Hey Banda,

I dont knwo about the UK govt but I do know swiss govt will bring the CHF down - looks like a good positon to go long on
  • #131,649
  • May 8, 2009 7:40pm May 8, 2009 7:40pm
Guys - Ive been banging on about how the value should go down to 1.475 if QE is implemented and if the effect is similar to last time to no avail. Then if you look at the figures of volumes being traded you start getting the picture - Bank stress tests were due and the banks needed to raise more capital - originally due to be released on Monday but then delayed until Thursday - a day before close - YOu can guess whose stocks have soared the most and whose managed to raise 16.6 billion in less than 24 hours - this is being driven up by the big boys - Also I did a comparison between bear ETFs and bull ETFs - guess which one has shot up - the bear ETF!! So underlying fundamentally groups dont believe in the rally? Im pretty sure someone is gettting ready for short positions but when is the question?
RankNameVolume1Deutsche Bank21.70%2UBS AG15.80%3Barclays Capital9.12%4Citi7.49%5Royal Bank of Scotland7.30%6JPMorgan4.19%7HSBC4.10%8Goldman Sachs3.47%10Morgan Stanley2.86%
  • #131,650
  • Edited 8:47pm May 8, 2009 8:31pm | Edited 8:47pm
Quoting EricB
Guys - Ive been banging on about how the value should go down to 1.475 if QE is implemented and if the effect is similar to last time to no avail. Then if you look at the figures of volumes being traded you start getting the picture - Bank stress tests were due and the banks needed to raise more capital - originally due to be released on Monday but then delayed until Thursday - a day before close - YOu can guess whose stocks have soared the most and whose managed to raise 16.6 billion in less than 24 hours - this is being driven up by the big boys...

Hi Eric, I am sorry I did not get what you mean to say. Hope you could elaborate it further or make it easier for the benefits of the people who are like me (newbie). I really want to know. Hope you can help. Thanks and about the post you did above, will it give an uptrend or downtrend direction next week?

Can someone help me please? about the direction next week and about the post of Mr Eric
  • #131,651
  • May 8, 2009 11:19pm May 8, 2009 11:19pm
What a week!

Shit this is crazy eh.

What to do, what to say. Who knows!

We had some good shorts this week, and some longs. Tough life in forex eh.

Hmm. I realized this week my strategy needs some tweaking. I gained, but almost took a position that would have hurt me big time! Scary. A lot of time spent getting that account up to almost see it blow away in the wind.

Enjoy the weekenddddddd.
  • #131,652
  • May 9, 2009 1:22am May 9, 2009 1:22am
current price already down 200++ pips..here : www.xe.com
  • #131,653
  • May 9, 2009 2:18am May 9, 2009 2:18am
Quoting koboiFX
current price already down 200++ pips..here : www.xe.com
Wow... thats no fair!

I was really hoping for the slightest gap up to set up a short! Damn them.

Heres a good article to read.

http://www.tradingmarkets.com/.site/...les/-76981.cfm
  • #131,654
  • May 9, 2009 2:25am May 9, 2009 2:25am
oh nooooooooooooo..price now 1.5083....down 200pips..hope up again yhis monday..i not close my post......i long at 1.5071
  • #131,655
  • May 9, 2009 3:49am May 9, 2009 3:49am
Quoting koboiFX
current price already down 200++ pips..here : www.xe.com

is this right??? dont tell me I cant find AH rates anywhere else.
  • #131,656
  • May 9, 2009 4:56am May 9, 2009 4:56am
Is www.xe.com the most reliable source of updated/latest forex rate over the weekend? Is there any other source?
I'm surprised that the GU rate shown on the etoro demo platform is 1.9451...
  • #131,657
  • May 9, 2009 5:23am May 9, 2009 5:23am
Quoting goldenpot
Is www.xe.com the most reliable source of updated/latest forex rate over the weekend? Is there any other source?
I'm surprised that the GU rate shown on the etoro demo platform is 1.9451...
lol i am sure thats a mistake.
  • #131,658
  • May 9, 2009 5:26am May 9, 2009 5:26am
This is the Current Rate...
Attached Image (click to enlarge)
Click to Enlarge Name: GBP RATE.JPG Size: 148 KB
Let Price determine your future!
  • #131,659
  • May 9, 2009 5:36am May 9, 2009 5:36am
Quoting sid7121
lol i am sure thats a mistake.
That's what playing in my mind..hoping that is a mistake at all.
If not, most of us will get heart attack on the next monday
  • #131,660
  • May 9, 2009 5:49am May 9, 2009 5:49am
i wouldn't put my money on this site. and not sure about this source

all other recognized sites (bloomberg, reuters, fxstreet, alpari, oanda.....) are showing the right numbers

there isn't any indictor/reference around to support for this kind of landslide

unlikely,
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