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Cable Update (GBPUSD)

  • #133,981
  • May 22, 2009 10:10am May 22, 2009 10:10am
Quoting I like steak
Interesting - thanks
You're welcome.
Hear the music before the song is over ...
  • #133,982
  • May 22, 2009 10:11am May 22, 2009 10:11am
well, from my point of view,some tf show that 5860 hold as a good small support. while the trend still far from the upper channel.. plus everyone expecting 1.6 i think it will finally reach 1.6. LOL, just a newbie thoughts. Hopefully it will reach 1.6
  • #133,983
  • May 22, 2009 10:18am May 22, 2009 10:18am
Quoting wormboy
Very informative
This thread is full of shit now. Word of advise to traders who are here to learn, pay no attention to the wild & baseless trade calls made by these punters.
Those who are here with good intentions, good luck to you
I agree.
  • #133,984
  • May 22, 2009 10:18am May 22, 2009 10:18am
Quoting GlobalMacro
You're welcome.

Yes - your short of 65 pips was very brave....
  • #133,985
  • May 22, 2009 10:21am May 22, 2009 10:21am
I think in a few months, we can expect 2.0000 area....
ABCD..
  • #133,986
  • May 22, 2009 10:25am May 22, 2009 10:25am
Quoting sreeprakash
I think in a few months, we can expect 2.0000 area....
There's no justification for this type of GBP valuation. Its fair value is 1.51 so as it is, it is already over-valued. Plus, the hype about recovery is yet to be supported and proven. Investors will want to see concrete evidence or there will be another run of confidence.
  • #133,987
  • May 22, 2009 10:25am May 22, 2009 10:25am
Quoting sreeprakash
I think in a few months, we can expect 2.0000 area....
LOL... If only.. BTW, experts people, could you give me some references where to read about US economics condition in detail or at least detail enough? Or anyone could explain what happened generally in US? THanks very much
  • #133,988
  • May 22, 2009 10:35am May 22, 2009 10:35am
Anyone Holding trades?
  • #133,989
  • May 22, 2009 10:35am May 22, 2009 10:35am
Quoting I like steak
Yes - your short of 65 pips was very brave....
Yes, I know....Market's very erratic right now.... but bearish divergence still persisting...could very easily tilt back down again. My positions though are flat for now and for the week.
Hear the music before the song is over ...
  • #133,990
  • May 22, 2009 10:39am May 22, 2009 10:39am
Quoting 4cfx
There's no justification for this type of GBP valuation. Its fair value is 1.51 so as it is, it is already over-valued. Plus, the hype about recovery is yet to be supported and proven. Investors will want to see concrete evidence or there will be another run of confidence.
Monthly chart....
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.gif Size: 11 KB
ABCD..
  • #133,991
  • May 22, 2009 11:02am May 22, 2009 11:02am
Quoting deboooo2005
long again @ 1.5863

back again ... i was out to lunch ... nice my long work good
  • #133,992
  • May 22, 2009 11:03am May 22, 2009 11:03am
Quoting sreeprakash
Monthly chart....
Exactly. People seem to have forgotten how fast GBP dropped since July 2008. It dropped like a stone. Perhaps GBP shouldn't be at 2.000 area, but it sure as hell shouldn't be at 1.35 either where it had dropped to. GBP is getting closer to its truer value. The only explanation for this impressive upward run is that it is a correction of the drop shown on your graph... This correction started at the end of January but accelerated this month.

EDIT: And I guess this correction is also happening at the time as a USD devaluation since USD seems to be losing out against all the other majors.
Doh! I didn't mean to do that.
  • #133,993
  • May 22, 2009 11:19am May 22, 2009 11:19am
Quoting deboooo2005
back again ... i was out to lunch ... nice my long work good
Well done, nice one. Was keeping an eye for you. Hope you enjoyed your lunch.
You've got to be IN IT to WIN IT!
  • #133,994
  • May 22, 2009 11:34am May 22, 2009 11:34am
@deboo

Yeah our long seems fine, BTW, I'm rather foggy about my TP, how about u debooo?
  • #133,995
  • May 22, 2009 11:34am May 22, 2009 11:34am
Quoting Ifty
Well done, nice one. Was keeping an eye for you. Hope you enjoyed your lunch.
yeah ... thanks ... it was with my family
  • #133,996
  • May 22, 2009 11:37am May 22, 2009 11:37am
Quoting mloistianto
@deboo

Yeah our long seems fine, BTW, I'm rather foggy about my TP, how about u debooo?
main target is 1.6156 ... but first target 1.5981 then 1.6046 then my main target

but first need to break 1.5945
  • #133,997
  • May 22, 2009 11:41am May 22, 2009 11:41am
ah, about TP, how we can have more than one target? We set tp to the highest target and set the sl with our first target or what?
  • #133,998
  • May 22, 2009 11:44am May 22, 2009 11:44am
how long have u been trading deboo? I always analyze your trade setup and read through all your analysis, and it appears your intuition is pretty good and sharp. You are a good trader.
  • #133,999
  • May 22, 2009 12:05pm May 22, 2009 12:05pm
Hey people
Are you guys leaving the longs over the weekend or plan to close?
Thank you
happy trading
BANDA333
  • #134,000
  • May 22, 2009 12:07pm May 22, 2009 12:07pm
Quoting mloistianto
how long have u been trading deboo? I always analyze your trade setup and read through all your analysis, and it appears your intuition is pretty good and sharp. You are a good trader.

my username in forum is deboooo2005 = mean i trade since 2005
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