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Cable Update (GBPUSD)

  • #167,141
  • Sep 18, 2009 9:50am Sep 18, 2009 9:50am
Quoting nAVIN2007
yup, i changed so much about what i do this week....will go back to basics and trade plan....im good bro...

just hate getting it right and still messing it up!....but then again i suppose plenty do that.....welldone on the short brother!
No worries NAV, Your a highly skilled trader mate
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #167,142
  • Sep 18, 2009 9:51am Sep 18, 2009 9:51am
Quoting ams
Imagine if someone starts shorting dollar now where would EU go???
it's touching 150. this is the second time in few months EU is very close to pound.

I am thinking if pound becomes equal to euro, UK will be competitive.
England is going down the drain.
Apart form printing money seems only option left for them is to become cheaper currency nation and compete with EU to provide better service, manufacturing to rest of the world.
there's a huge, and I mean huge pin bar (bearish) right @ resistance 76.428 on usdx...that's a good possibility in fact....
Hear the music before the song is over ...
  • #167,143
  • Sep 18, 2009 9:51am Sep 18, 2009 9:51am
Quoting GlobalMacro
Translation?
Is this Queen Has by any chance?
We now have 3 contenders....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #167,144
  • Sep 18, 2009 9:56am Sep 18, 2009 9:56am
I guess that last bite was a bit too hard for the bear...the poor thing lost all of his teeth now...
Hear the music before the song is over ...
  • #167,145
  • Sep 18, 2009 9:57am Sep 18, 2009 9:57am
Quoting Bull_Bear
No worries NAV, Your a highly skilled trader mate

thanks for the words bro!
  • #167,146
  • Sep 18, 2009 9:59am Sep 18, 2009 9:59am
Quoting GlobalMacro
I guess that last bite was a bit too hard for the bear...the poor thing lost all of his teeth now...
You'll be heading down the bar soon
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #167,147
  • Sep 18, 2009 10:02am Sep 18, 2009 10:02am
Quoting nAVIN2007

That's all I need really bro!
Thank You
  • #167,148
  • Sep 18, 2009 10:04am Sep 18, 2009 10:04am
Quoting Faryad
Wormie . BB , and all
Happy Weekend and EId Mubarak ..
Am all done see you guys on monday
See ya bro, have a good one. Eid mubarak to you too
Thank You
  • #167,149
  • Sep 18, 2009 10:07am Sep 18, 2009 10:07am
Quoting Bull_Bear
We now have 3 contenders....
He who has money wins
  • #167,150
  • Sep 18, 2009 10:07am Sep 18, 2009 10:07am
OK...I got it now...I know what this freak show is all about....
this is trying to reposition for the next week FOMC to down sterling on the cheap and hedge at the same time....pretty clever!!!
Hear the music before the song is over ...
  • #167,151
  • Sep 18, 2009 10:07am Sep 18, 2009 10:07am
navin what happen bro?
  • #167,152
  • Sep 18, 2009 10:08am Sep 18, 2009 10:08am
Quoting gammase1
Notwithstanding my bearishness on sterling, and the dragon in particular (though it's not a pair that I trade), there is an increasing danger of a sharp unwind of long JPY positions in the next week, albeit only on a short-term basis, probably more so against the greenback than sterling, though, judging by the daily charts.

Much of the recent strength in the yen has been the result of post-election optimism (in addition to favourable movements for JPY at the short-end of the yield curve compared to the USD), particularly the incoming finance...
Thanks for the heads up paul
Thank You
  • #167,153
  • Sep 18, 2009 10:09am Sep 18, 2009 10:09am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hey GM, sorry I didn't get it...
What are they trying to achieve?



Quoting GlobalMacro
OK...I got it now...I know what this freak show is all about....
this is trying to reposition for the next week FOMC to down sterling on the cheap and hedge at the same time....pretty clever!!!
  • #167,154
  • Sep 18, 2009 10:10am Sep 18, 2009 10:10am
for better view of the market.
cci12
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Attached Image (click to enlarge)
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  • #167,155
  • Sep 18, 2009 10:11am Sep 18, 2009 10:11am
Quoting msxy68
He who has money wins
WRONG lady!

He who has "you" wins!

this is the proof right here read it!

来是非美见顶的风向标
Hear the music before the song is over ...
  • #167,156
  • Sep 18, 2009 10:17am Sep 18, 2009 10:17am
Quoting msxy68
He who has money wins
Thanks, but I'm just a straggler, making enough for a few drinks on fridays.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #167,157
  • Sep 18, 2009 10:18am Sep 18, 2009 10:18am
Quoting GlobalMacro
WRONG lady!

He who has "you" wins!

this is the proof right here read it!

来是非美见顶的风向标
Easy... you'll scare her too.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #167,158
  • Edited 10:21am Sep 18, 2009 10:18am | Edited 10:21am
Cable's fall found support @ the 76.4% fib of the major 6111-6740 rise, to the pip, with another breech and bounce of the 1hr descending channel.

Currently price finding resistance @ the previous 1hr sw lo=prev supp=potential rbs circled.

Price now @ 116% of it's average 20day pip range

G/L

http://i29.tinypic.com/16iwmco.gif
ex member
  • #167,159
  • Sep 18, 2009 10:19am Sep 18, 2009 10:19am
Quoting GlobalMacro
WRONG lady!

He who has "you" wins!

this is the proof right here read it!

来是非美见顶的风向标
You know chinese well. I needn't translate anything.
  • #167,160
  • Sep 18, 2009 10:19am Sep 18, 2009 10:19am
Quoting ams
Hey GM, sorry I didn't get it...
What are they trying to achieve?
alright...this is nothing but a guess...

we all know who's the favorite punching bag in town? right: Cable!
so what do they do when they wanna sell dollars at as high a premium as possible?
right: punch cable some more but at the same time accumulate for the next week and make the impression the bear can bite forever.
at the same time in case king says something really clever and sends cable to the abyss hedge & sell some usdx...

make sense?
Hear the music before the song is over ...
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