Cable Update (GBPUSD) | Page 6668 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #133,341
  • May 20, 2009 10:29am May 20, 2009 10:29am
Quoting 4xHero
hey jack
I was reading the geithner speach and i had an idea pop into my head...could it be possible that this strong rise in the gbp is the banks selling there shorts to raise that 75 billion after the stress test?
Well if they needed more USD, they would be buying USD by selling their other currency reserves .. So shorting GBP/USD.

Maybe they are marking up the prices against the USD on the majors, to then heavily buy back the USD? Who knows.

I made the comment in regard to the stock indices since the correlation is there and the DOW looks to be double topping.

I don't know what the pound will do but just keep an eye. We could be in for a large shift in sentiment which will take stocks and currencies back down over the summer possibly.
  • #133,342
  • May 20, 2009 10:30am May 20, 2009 10:30am
There is no system that is flawless in all market conditions,
it all ways amazes me the people that come here with their secret I cant tell you systems ,its kind of funny ,trouble is there are some vulnerable that will believe you.





Quoting jibleanu
most important thing at every system is to backtest it at least 8-9months before and with the strugle from the last year if your system work flawless means your system rock)))
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #133,343
  • May 20, 2009 10:30am May 20, 2009 10:30am
hey Guys the appreciation of GBP is nearly getting to 1000 pips a for this month from 1.4750 and continuing? are they going to run this to 3? but one thing worth noticing price action if you check ...........who ever d viced this Run in a way to keep shorts off and only controlled shorts for them to buy .........don't know if this is a real resurgence of GBP........... Hope this will retrace after FOMC minutes to cut losses...............don't know if FOMC minutes being leaked or if FOMC has a suprise for USD strenthing -remarks of stoping buy back of debts/bad assets or even signals of USA rate hike ? lol
After all Paul voker is a inflation hwalk and he is well respected.........he should have been in the helm as opposed to................
BANDA333
  • #133,344
  • May 20, 2009 10:30am May 20, 2009 10:30am
Quoting EricB
Hey Jack How is it going? My most conservative uptrend channel had said 1.545 as the upper limit to the upside - thats clearly been broken - I'm thinking now that Banks had a nice plan to get rid of their bad assetts by unloading it on tax payers - i.e. if the situation really wasnt as bad as everyone thought - so now everything is so excellent that they are paying TARP money back by causing a major dip by saying depression imminent and now going back up saying oh we didnt really need any money - weve made enough on the stock market and currencies...
Very Interesting theory. I like it.
And you bet it's infuriating...
Hear the music before the song is over ...
  • #133,345
  • May 20, 2009 10:32am May 20, 2009 10:32am
I sometimes think its the same person as the patter is very similar..
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #133,346
  • Edited 10:52am May 20, 2009 10:37am | Edited 10:52am
Quoting jibleanu
sell it around 1.5705
Do it yourself. Don't tell people to do. And you will lose money if you do it now.
When I buy it, it moves down. When I sell it, it moves up.
  • #133,347
  • May 20, 2009 10:38am May 20, 2009 10:38am
Quoting Bones
I sometimes think its the same person as the patter is very similar..
Lol yea tony, there was a professor4x not too long ago. Spoke about his magical system too.
Thank You
  • #133,348
  • May 20, 2009 10:42am May 20, 2009 10:42am
Quoting Bones
I sometimes think its the same person as the patter is very similar..
What with twice the up movements exactly 20 minutes apart on two different days - you bet its co-ordinated just like the stock market rally and stress test news release - clever but lets see what lies underneath - you can put all the rubbish underneath the carpet but it will come out sooner or later. If I'm wrong about lazy L shaped recovery or double bottom then I must be mad - as its screaming out - plus forgot to add comment about all the news releases such as on bloomberg on how the GBP was a SCREAMING buy well I guess they were all right and you know what they just want us to make money so we should just listen carefully to what Goldman and BNY mellon are telling people to do and we would have made millions.... its not as simple as that - The same people were telling us to sell GBP and put all assetts in USD when GBP was 1.39! imagine the impact thats having on those people that followed that news release.
  • #133,349
  • May 20, 2009 10:47am May 20, 2009 10:47am
This is defacto dollar devaluation in progress, Ladies and Gentlemen!!!

USDX @ 81.094 , very close to break 81.000
Hear the music before the song is over ...
  • #133,350
  • May 20, 2009 11:00am May 20, 2009 11:00am
  • #133,351
  • May 20, 2009 11:02am May 20, 2009 11:02am
The Dollar should be devaluated... the bottom line is that the US economy with the levels of debt that it has is in far worse shape than any politician and state sponsored economist would wish to recognise so as not to cause a panic. If private individuals were as endebtted as the US is they would be bankrupt. Of course, Obama and the Fed would never actually say that....
Doh! I didn't mean to do that.
  • #133,352
  • May 20, 2009 11:04am May 20, 2009 11:04am
eur/gbp is breaking 4HR low, this is wild.
  • #133,353
  • May 20, 2009 11:06am May 20, 2009 11:06am
Quoting jibleanu
look at my post and signals .i acuse some of them to influence nebies in trading and told them to let people choose .i signalize the up move 1 h before and fight with them.look at threads from 8881
If you are kindly post your analysis that would be more interesting than posting some kind of signal. This post may insult you, but many people here are newbies and do not know what they are doing, posting signal turning them into bad habid and they will never learn themself how to be a trader. Your signal seem good predicted on next pricing. If you are trying to sell your system in the future (although now you are giving free signal) then you are at the wrong place, people here trying to learn how the market work and train themself to be traders.
Many happy pips returned ...
  • #133,354
  • May 20, 2009 11:07am May 20, 2009 11:07am
Washington, May 20 - The Fed has lowered its projections for GDP growth
forthe next few years, and says it now sees GDP shrinking from 1.3% to 2.0%
thisyear, more than the 0.5 to 1.3% drop it was projecting in January. While the
Fedstill sees growth in 2010 and beyond, it said in minutes from the April 28-
29FOMC meeting that most participants think it will take at least a half
decadefor US employment and output to fully recover from the recession. "All
anticipated that unemployment, though declining in coming years, wouldremain
well above its longer-run sustainable rate at the end of 2011; mostindicated
they expected the economy to take five or six years to converge to alonger-run
path characterized by a sustainable rate of output growth and byrates of
unemployment and inflation consistent with the Federal Reserve's dualobjectives,
but several said full convergence would take longer," the Fedminutes said.
The Fed's central tendency for growth in 2010 fell to a 2.0% to 3.0% GDPgain
instead of the 2.5% to 3.3% range it expected in January. For 2011, the
Fedexpects GDP growth between 3.5% and 4.8%, slightly lower than the 3.8% to
Doh! I didn't mean to do that.
  • #133,355
  • May 20, 2009 11:07am May 20, 2009 11:07am
Quoting wormboy
Lol yea tony, there was a professor4x not too long ago. Spoke about his magical system too.
Have you seen that prof lately? haha
Many happy pips returned ...
  • #133,356
  • May 20, 2009 11:07am May 20, 2009 11:07am
Quoting m0N5Ta
If you are kindly post your analysis that would be more interesting than posting some kind of signal. This post may insult you, but many people here are newbies and do not know what they are doing, posting signal turning them into bad habid and they will never learn themself how to be a trader. Your signal seem good predicted on next pricing. If you are trying to sell your system in the future (although now you are giving free signal) then you are at the wrong place, people here trying to learn how the market work and train themself to be traders....
He told you to get short 5705.

Don't ever trust anyones 'blind' signals in here. I hope he's short, he's shitting his pants right now.
  • #133,357
  • May 20, 2009 11:07am May 20, 2009 11:07am
wow this is though... it breaks the new level... what happened actually?
  • #133,358
  • May 20, 2009 11:09am May 20, 2009 11:09am
Quoting *Pipster*
Washington, May 20 - The Fed has lowered its projections for GDP growth
forthe next few years, and says it now sees GDP shrinking from 1.3% to 2.0%
thisyear, more than the 0.5 to 1.3% drop it was projecting in January. While the
Fedstill sees growth in 2010 and beyond, it said in minutes from the April 28-
29FOMC meeting that most participants think it will take at least a half
decadefor US employment and output to fully recover from the recession....
Since I got laid off from my computer programming job I've decided so far not to look for another job and just trade forex, SEEMS like this may be the best move to make!
  • #133,359
  • May 20, 2009 11:14am May 20, 2009 11:14am
I understand if we post shorts from resistance levels in a trend for some 20 - 30 pips, but in a trend...why are people trying to guess what is the top of the trend? U wont lose much if it starts falling, buy on retracement...
  • #133,360
  • May 20, 2009 11:14am May 20, 2009 11:14am
Quoting Blud4oilPrgm
Since I got laid off from my computer programming job I've decided so far not to look for another job and just trade forex, SEEMS like this may be the best move to make!
If you manage to live off of it I highly recommend it... you're independent and don't take sh*t from anyone but yourself. Good luck
Doh! I didn't mean to do that.
521 traders viewing now, 1 is registered:
bblizardd