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Cable Update (GBPUSD)

  • #180,161
  • Nov 1, 2009 1:10pm Nov 1, 2009 1:10pm
Quoting malcolmb14
lol....13000 dj

what !!!

The S&P 500 PE ratio is an important determinant of the value of stock market and the trend of the S&P 500 (^GSPC: 1036.19 -29.92 -2.81%). Historically, the S&P 500 PE ratio has a median of 15.7. Today, the S&P PE ratio is 139 based on a closing price of 1,044 on Friday, September 11, 2009

p/e has to come back to 20 to be in the median .....means min 50% loss of dj while earnings of companies increase to reduce another...

bro take a look at this and tell what u think
Attached Image (click to enlarge)
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  • #180,162
  • Nov 1, 2009 1:16pm Nov 1, 2009 1:16pm
room hi all

i need help my f u broker dos not alow expert advsor nor trailing stop any way to activate the dam thing
  • #180,163
  • Nov 1, 2009 1:20pm Nov 1, 2009 1:20pm
Current outlook for pound :
http://www.forexfactory.com/showpost...postcount=3657

Not the best time to be picking sides tbh. Good luck
Thank You
  • #180,164
  • Nov 1, 2009 1:44pm Nov 1, 2009 1:44pm
Quoting wormboy
Current outlook for pound :
http://www.forexfactory.com/showpost...postcount=3657

Not the best time to be picking sides tbh. Good luck
hi bro, so what happened to our 53 plan will you close your short or will check if it will bounce from 6280s area ? the downward move can speed up if eurousd and dow goes down folowing days...
Chief Member of 220 mph Riders Club...
  • #180,165
  • Nov 1, 2009 2:05pm Nov 1, 2009 2:05pm
Quoting kanji
hi bro, so what happened to our 53 plan will you close your short or will check if it will bounce from 6280s area ? the downward move can speed up if eurousd and dow goes down folowing days...
hi.

5300 had been a long term target, make no mistake about it.
However, this is the first time in over a year that the gbplfx had closed signalling a probable reversal. So, there is absolutely no reason to ignore it. Note however I said, I am bullish - only just. And between now till the end of the month I will not be choosy about buying or selling until a continuation or reversal is confirmed by the end of November.
I only have 2 short positions still open from last week which is currently in profit & I will not hesitate to close these positions if 6660 is taken out.
Dow is still bearish, you can click on my sentiment at the footnote & the chart I put up last week here :
http://www.forexfactory.com/showpost...postcount=3650

Should the dow continue to spiral, the dollar & sterling would be the benificiary since the euro would likely take one helluva beating.
Time will tell.
Like, I said earlier, this is definitely not the time to pick sides. I'll take whatever comes till the long term trend is established again.
Good luck with your trades
Thank You
  • #180,166
  • Nov 1, 2009 2:26pm Nov 1, 2009 2:26pm
Quoting kill
bro take a look at this and tell what u think
look at 2007 weekly .... and weekly now

i have been calling for major drop in gu since july i still maintain it is coming ...

Attached Image (click to enlarge)
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  • #180,167
  • Nov 1, 2009 2:53pm Nov 1, 2009 2:53pm
---(UK) Guardian newspaper summarizes calls from economists and business leaders for the BOE to replenish its quantitative easing program this week- cites various business groups and economists calling for the MPC to add £25B+ to the £175B asset purchase program which just concluded this past week.
- note: economists' consensus expectation at this time is for a £25B boost to the QE program when the BOE meets this week.

---(UK) Fin Min Darling to announce assets from troubled banks to be used to create three new retail banks - Guardian- in the next few days, Darling is expected to confirm that assets of Royal Bank of Scotland and Lloyds Banking Group, which are majority-owned by the taxpayer, will be sold off to get bank taxpayer money.
- "The new banks will be standard retail banks concentrating on deposits and mortgages and offering...The new banks could include TSB – whose branches were taken over by Lloyds – and Williams & Glyn's, owned by RBS. There may also be a new BankCo, described as the "good" portion of the completely state-owned Northern Rock."
- this effort will have the secondary effect of breaking the "established monopoly" over retail banking held by high-street financial firms like Barclays, Santander (which owns Abbey) and HSBC.

---(UK) Fin Min Darling concedes PM Brown's claim that Britain would lead the world out of the downturn was wrong - London Times - cites a BBC interview today in which Darling said "Other countries have come out of recession before us. However, the point I’m making is, I always thought that, so far as our country is concerned, it would be the turn of the year before we saw that.”
If I know how, I tell You!! Few but Good!!
  • #180,168
  • Nov 1, 2009 3:25pm Nov 1, 2009 3:25pm
Check this out,Follow your own chart not others chart
GL to all
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  • #180,169
  • Nov 1, 2009 3:32pm Nov 1, 2009 3:32pm
do you think this includes the pros as well in this statistics??

I have read this many times, i still believe its all in MM, so i am in this for pocket money, i suppose, i can't give up my day job yet....
  • #180,170
  • Nov 1, 2009 3:34pm Nov 1, 2009 3:34pm
Hi Guys, Hope you all had a great weekend.

Latest prices at 9:35pm (UK time).

GU - 1.6415

EU - 1.4717

GJ - 1.4718.

GL.
You've got to be IN IT to WIN IT!
  • #180,171
  • Nov 1, 2009 3:44pm Nov 1, 2009 3:44pm
Quoting TexasforEX
An hourly close below 1.6420 and this could get really nasty. 3 hours before markets close...unb
Will open shorts at market open.
"Timing Is Everything. Really I Swear It Is"
  • #180,172
  • Nov 1, 2009 3:46pm Nov 1, 2009 3:46pm
cool.

How do you know the prices before market open? Is it the equivalent of stocks level II?
  • #180,173
  • Nov 1, 2009 3:47pm Nov 1, 2009 3:47pm
Quoting Acedup
cool.

How do you know the prices before market open? Is it the equivalent of stocks level II?
It opened 48 mins ago in the UK.
You've got to be IN IT to WIN IT!
  • #180,174
  • Nov 1, 2009 3:48pm Nov 1, 2009 3:48pm
Quoting Ifty
Hi Guys, Hope you all had a great weekend.

Latest prices at 9:35pm (UK time).

GU - 1.6415

EU - 1.4717

GJ - 1.4718.

GL.
thanks for sharing. how did you get those? i'm in the uk now (using alpari) and i'm still at 1.64558 for GBPUSD.
  • #180,175
  • Nov 1, 2009 3:49pm Nov 1, 2009 3:49pm
Quoting TexasforEX
Will open shorts at market open.

This is a great week to long EG too
"Timing Is Everything. Really I Swear It Is"
  • #180,176
  • Nov 1, 2009 3:50pm Nov 1, 2009 3:50pm
Quoting ABoulfoul
thanks for sharing. how did you get those? i'm in the uk now (using alpari) and i'm still at 1.64558 for GBPUSD.
If you goto IG Markets and download their demo (although my account in LIVE) you will get to see the prices at 9pm.
You've got to be IN IT to WIN IT!
  • #180,177
  • Nov 1, 2009 3:52pm Nov 1, 2009 3:52pm
Quoting ABoulfoul
thanks for sharing. how did you get those? i'm in the uk now (using alpari) and i'm still at 1.64558 for GBPUSD.
www.global-view.com has live rates as well
"Timing Is Everything. Really I Swear It Is"
  • #180,178
  • Nov 1, 2009 3:56pm Nov 1, 2009 3:56pm
Quoting TexasforEX
This is a great week to long EG too

we just started wave 3 ....

eur has further to fall against usd than gbp does..euro has been a steady climb for last few weeks ... gu sideways

we have seen euro fall 400 pip gu went up

we are under 50 sma on daily and in wave 3.....0.8600 could be end wave 3

Attached Image (click to enlarge)
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  • #180,179
  • Nov 1, 2009 4:04pm Nov 1, 2009 4:04pm
Quoting malcolmb14
we just started wave 3 ....

eur has further to fall against usd than gbp does..euro has been a steady climb for last few weeks ... gu sideways

we have seen euro fall 400 pip gu went up

we are under 50 sma on daily and in wave 3.....0.8600 could be end wave 3

Attachment


Thanks for your view.

We'll see daily candle close soon, but it looks like a doji. Price bounced directly off one of my major TL's at 8910. IMO fundamentals support this pair. I see Thursday as the trigger at the latest.

*Can't post Chart right now*

I also could not disagree more that "euro has more to fall than gbp does". What you are equivalently saying is "since euro/gbp was down last week it will keep falling". Different strokes for different folks.
"Timing Is Everything. Really I Swear It Is"
  • #180,180
  • Nov 1, 2009 4:28pm Nov 1, 2009 4:28pm
Anybody else get this candle (in yellow)?
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