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Cable Update (GBPUSD)

  • #172,901
  • Oct 5, 2009 2:57am Oct 5, 2009 2:57am
Quoting Reznik
I am Good supprter of SELL in the Cable... We are headed doen SOUTH in the Long-run. So why not sell then. That my Guess or say now.

Holding on to my SHORT...
FTSE is down by -0.1%
XETRA is down by -0.1%
Paris CAC is down -0.25%
But
US- Greenspan "At some point we will start see an improvement... So no need for second stimulus" (That is confidence in the Dollar)
US- we expect some Good news this week... Trader Balance and so on.
Hello my friend,

For you to quote Greenspan..... that man was a fool who could not read the economy and could not read the Bankers - made a lot of money "looking knowledgeable". But for his lax sleepy administration of Fed, we would not be here ! At some point everyone is DEAD !
  • #172,902
  • Oct 5, 2009 3:00am Oct 5, 2009 3:00am
Quoting albchr
When did you open that one?


Wrong entry. Ready to switch to Sell but yet to Open, my bad... To Hold the SELL @ 1.6154. Waiting for the Cable.
  • #172,903
  • Oct 5, 2009 3:03am Oct 5, 2009 3:03am
SWEET!! 8H
Attached Image (click to enlarge)
Click to Enlarge Name: gu_8_hour.gif Size: 26 KB
Ghost Rider - WWTBMD?
  • #172,904
  • Oct 5, 2009 3:05am Oct 5, 2009 3:05am
Quoting Reznik
Wrong entry. Ready to switch to Sell but yet to Open, my bad... To Hold the SELL @ 1.6154. Waiting for the Cable.
Oh I see. So you have a sell PO at 6154?
Ghost Rider - WWTBMD?
  • #172,905
  • Oct 5, 2009 3:08am Oct 5, 2009 3:08am
My take is still sell @ 1.6154, in the Long-run... And Hold a LONG, if U in the LONG cos the Cable will be going to the 1.6154 region from my

Minuette-Elliotwave count... (Put us at the formation of wave-3)
Stoich- Buy-signal
FTSE- +2.60 +0.05%


Hold LONG till 1.6154... Goodluck
  • #172,906
  • Oct 5, 2009 3:11am Oct 5, 2009 3:11am
Quoting Reznik
My take is still sell @ 1.6154, in the Long-run... And Hold a LONG, if U in the LONG cos the Cable will be going to the 1.6154 region from my

Minuette-Elliotwave count... (Put us at the formation of wave-3)
Stoich- Buy-signal
FTSE- +2.60 +0.05%


Hold LONG till 1.6154... Goodluck


FTSE +2.60 +0.05%
DAX +8.11 +0.15%

Confidence in the Pound is well established... Hold LONG till 1.6154 region.
  • #172,907
  • Oct 5, 2009 3:14am Oct 5, 2009 3:14am
Cable LONG till 1.6154... Thank God. Am so lucky. Alot of news giving me conflicts now. Got to pause and catch my breathe
  • #172,908
  • Oct 5, 2009 3:19am Oct 5, 2009 3:19am
Quoting Alpha Hamste
Ok bro, you do that, I'll take the first shift. I'll go for my round when you done smoking
We can make the momentum going if we take turn
Hey Benny, you back from your smoke yet? I don't know what you're smoking but it ain't working.......

Better go have one myself to push this puppy back down again....
Ghost Rider - WWTBMD?
  • #172,909
  • Oct 5, 2009 3:21am Oct 5, 2009 3:21am
FTSE +6.66 +0.13%
DAX +13.07 +0.24%

That is the real deal... GBP is confidence. Haba!! LONG..
  • #172,910
  • Oct 5, 2009 3:23am Oct 5, 2009 3:23am
Quoting albchr
Oh I see. So you have a sell PO at 6154?


Good Morning Chris,

This guy is selling one min and buying the next......Aint got a clue what he is trying to do anyways buddy..be care full with your short...I am not in any positions at all , with the dow at support I would not be surprised for bull trap to get everybody on the band wagon again…as we know it only takes cable one day to loose over 500 pips.

I am looking at buying the dips at 5929 and am targeting the 1.6200 region……

Good Luck matey
GeppyG
Let Price determine your future!
  • #172,911
  • Oct 5, 2009 3:25am Oct 5, 2009 3:25am
Quoting albchr
Hey Benny, you back from your smoke yet? I don't know what you're smoking but it ain't working.......

Better go have one myself to push this puppy back down again....

Greater Cofidence in GBP...

FTSE +8.15 +0.16%
DAX +17.34 +0.32%.

The Market ride UP will drive the GBPUSD UP, cos it inter-worven... Can't really explain now but UP!!
  • #172,912
  • Oct 5, 2009 3:29am Oct 5, 2009 3:29am
Quoting albchr
Hey Benny, you back from your smoke yet? I don't know what you're smoking but it ain't working.......

Better go have one myself to push this puppy back down again....
I finished one quite sometime ago. Sorry, got to receive a phone call from my customer. I am trading forex during office hours . It sure ain't working atm, wonder who has jinxed us Really not liking it...we'll see what the news will bring.
  • #172,913
  • Oct 5, 2009 3:29am Oct 5, 2009 3:29am
Quoting Geppyg
Good Morning Chris,

This guy is selling one min and buying the next......Aint got a clue what he is trying to do anyways buddy..be care full with your short...I am not in any positions at all , with the dow at support I would not be surprised for bull trap to get everybody on the band wagon again…as we know it only takes cable one day to loose over 500 pips.

I am looking at buying the dips at 5929 and am targeting the 1.6200 region……...

Get it right... Have a PO sell-order @ 1.6154... Becos that my belief and trend, SELL the Cable in the Long-run. But buying now, in small lots @ present market position... Thanks for understanding...
  • #172,914
  • Oct 5, 2009 3:30am Oct 5, 2009 3:30am
the breakout is very close; PA between this chanel and 50EMA [4h]
Attached Image (click to enlarge)
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  • #172,915
  • Oct 5, 2009 3:34am Oct 5, 2009 3:34am
Quoting Reznik
Greater Cofidence in GBP...

FTSE +8.15 +0.16%
DAX +17.34 +0.32%.

The Market ride UP will drive the GBPUSD UP, cos it inter-worven... Can't really explain now but UP!!


FTSE +17.61 +35%
DAX +26.86 +0.49%

The Market ride UP is heading to my region... @ 1.6154 Waiting...
  • #172,916
  • Oct 5, 2009 3:38am Oct 5, 2009 3:38am
Quoting Geppyg
Good Morning Chris,

This guy is selling one min and buying the next......Aint got a clue what he is trying to do anyways buddy..be care full with your short...I am not in any positions at all , with the dow at support I would not be surprised for bull trap to get everybody on the band wagon again…as we know it only takes cable one day to loose over 500 pips.

I am looking at buying the dips at 5929 and am targeting the 1.6200 region……...
Good Morning Geppy!

Yep, the reason I put a 2 voucher to post rule on my journal. I took it off but I might just have to put it back on again....

I hear ya on the direction my friend. ATM, it's pretty unclear what the heck she wants to do. But my positions are pretty small (.05) standard each. Stops are 6050 on both so I sure hope you're wrong about 6200. At least until I can cash in.
Ghost Rider - WWTBMD?
  • #172,917
  • Oct 5, 2009 3:39am Oct 5, 2009 3:39am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Folks,

Not sure if this is of any help but as some of you know, I work in IT dept of a very prestigious IB.
I have got to know something which might interest you or help you in trading forex.

BOE is controlling it's currency (not a surprise, all CB's do) but they want the rise and decline to be in-line with the commodity prices. In particular, OIL.

As there is a danger of inflation-deflation. Hence when everyone started dumping currency following BOE Gov Kings comment, he made sure that market is taking it the right way explaining bank doesn't want to reduce rates on overnight deposits.

If OIL prices fall, bank has no problem in it's currency losing monetary value but if it doesn't, risk is there of inflation which bank wouldn't allow and they will do everything to make sure currency is not devalued or over-valued.


Just a heads-up.
  • #172,918
  • Oct 5, 2009 3:41am Oct 5, 2009 3:41am
Quoting albchr
SWEET!! 8H
8 hour PIN strong sell signal, I'm short at 1.5950 - will load up some more at 1.6000 - SL 1.6055
May the forex be with you |
  • #172,919
  • Oct 5, 2009 3:42am Oct 5, 2009 3:42am
Quoting Reznik
FTSE +17.61 +35%
DAX +26.86 +0.49%

The Market ride UP is heading to my region... @ 1.6154 Waiting...

FTSE +15.28 +0.31%
DAX +21.06 +0.39%

That is so Good... The Market is raving upwards is so Good.
  • #172,920
  • Oct 5, 2009 3:42am Oct 5, 2009 3:42am
Quoting Alpha Hamste
I finished one quite sometime ago. Sorry, got to receive a phone call from my customer. I am trading forex during office hours . It sure ain't working atm, wonder who has jinxed us Really not liking it...we'll see what the news will bring.
OK, guess it will be a lung killer day for me then. I better go have two now....
Ghost Rider - WWTBMD?
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