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Cable Update (GBPUSD)

  • #192,961
  • Jan 14, 2010 3:14am Jan 14, 2010 3:14am
did anyone think why cable didn't break 1.6310 from yeterday till now.
Maybe 1.6350 is the final top.
Edited: If she thinks to drop, the drop will be very large and unexpected.
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  • #192,962
  • Jan 14, 2010 3:18am Jan 14, 2010 3:18am
Quoting Baby-Trader
did anyone think why cable didn't break 1.6310 from yeterday till now.
Maybe 1.6350 is the final top.
Edited: If she thinks to drop, the drop will be very large and unexpected.
have to 100% agree with you here it is strugling up but every dip met with buyers so sideways maybe today till freaky friday
  • #192,963
  • Jan 14, 2010 3:22am Jan 14, 2010 3:22am
I like it both way... either short or long... as long as there is a movement, asian session look very quite wait for some data to hit. Good luck all.
  • #192,964
  • Jan 14, 2010 3:29am Jan 14, 2010 3:29am
I shorted at 1.6300 for TP 1.6140 & SL 1.6415
  • #192,965
  • Jan 14, 2010 3:33am Jan 14, 2010 3:33am
Quoting Praga
I shorted at 1.6300 for TP 1.6140 & SL 1.6415
it's too far sl
  • #192,966
  • Jan 14, 2010 3:37am Jan 14, 2010 3:37am
Quoting Baby-Trader
did anyone think why cable didn't break 1.6310 from yeterday till now.
Maybe 1.6350 is the final top.
Edited: If she thinks to drop, the drop will be very large and unexpected.
There's a good chance for cable to drop to 6214 level before launching north again with 6320 capping topside temporarily. 6445 is the obvious target if 6320 fails to hold. Time will tell.
Let's see if it pans out.

Have a good one bt. Laters
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Thank You
  • #192,967
  • Jan 14, 2010 3:39am Jan 14, 2010 3:39am
Quoting m.haggag
it's too far sl

but not for me.

R/R is still good

and 1.6415 is a resistance. if it breaks,it's good to end the trade.
  • #192,968
  • Jan 14, 2010 3:40am Jan 14, 2010 3:40am
Quoting wormboy
There's a good chance for cable to drop to 6214 level before launching north again with 6320 capping topside temporarily. 6445 is the obvious target if 6320 fails to hold. Time will tell.
Let's see if it pans out.

Have a good one bt. Laters
Thanks to sharing your view.

you are short, Long ,flat ?
  • #192,969
  • Jan 14, 2010 3:41am Jan 14, 2010 3:41am
Quoting wormboy
There's a good chance for cable to drop to 6214 level before launching north again with 6320 capping topside temporarily. 6445 is the obvious target if 6320 fails to hold. Time will tell.
Let's see if it pans out.

Have a good one bt. Laters
hi wormboy
where did you get 6214
had a look at my charts and doesnt seem like a support area
thanks for you input
  • #192,970
  • Jan 14, 2010 3:42am Jan 14, 2010 3:42am
Quoting Praga
but not for me.

R/R is still good

and 1.6415 is a resistance. if it breaks,it's good to end the trade.
i meant that it is far in relation to ur tp , anyway good luck
  • #192,971
  • Jan 14, 2010 3:44am Jan 14, 2010 3:44am
There is a misconception in the market that if the rating of the US AAA is undermined, then USD will go down but GBP will go up...The reality is that if the rating of AAA of US goes down, then it will take GBP down with it....because UK is relying on US strength....thery are married. Thats where the confusion is here currently, once the market realizes the concequences, this baby will drop like crazy

UK's majority underlying assets are mostly US based, with current shitty economic situation in UK, and undermining the credit rating potential of US, UK's asset based in Banks and Government all will be undermined pushing the rating of UK to go down as well.....SO GOOD LUCK
  • #192,972
  • Jan 14, 2010 3:45am Jan 14, 2010 3:45am
Quoting wormboy
There's a good chance for cable to drop to 6214 level before launching north again with 6320 capping topside temporarily. 6445 is the obvious target if 6320 fails to hold. Time will tell.
Let's see if it pans out.

Have a good one bt. Laters
Hope I have time like you to look at charts from multiple views.
  • #192,973
  • Jan 14, 2010 3:52am Jan 14, 2010 3:52am
There is a misconception in the market that if the rating of the US AAA is undermined, then USD will go down but GBP will go up...The reality is that if the rating of AAA of US goes down, then it will take GBP down with it....because UK is relying on US strength....thery are married. Thats where the confusion is here currently, once the market realizes the concequences, this baby will drop like crazy

UK's majority underlying assets are mostly US based, with current shitty economic situation in UK, and undermining the credit rating potential of US, UK's asset based in Banks and Government all will be undermined pushing the rating of UK to go down as well.....SO GOOD LUCK

On other hand, Euro is much better positioned as flight to safety currency becuase of lower exposure to the US based assets, unlike UK its predominantly US based assets....However, Euro is facing soverign debt crisis that is causing additional layer of challenges...

All in all, GBP is the worst position of all, because of worst economic situation and heavy banking expsoure to US based assets

Its gonna be very volatile....
  • #192,974
  • Jan 14, 2010 3:52am Jan 14, 2010 3:52am
Quoting Exciter135
www.wolfewave.com. Hope it good for a start.
Thanks a lot . wish you 1000+ pips this week
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #192,975
  • Jan 14, 2010 3:55am Jan 14, 2010 3:55am
Quoting Baby-Trader
Thanks to sharing your view.

you are short, Long ,flat ?
You're welcome my friend.
I am currently heavily short with stop placed @6345
Attached Image (click to enlarge)
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Thank You
  • #192,976
  • Jan 14, 2010 3:56am Jan 14, 2010 3:56am
Quoting bags1
hi wormboy
where did you get 6214
had a look at my charts and doesnt seem like a support area
thanks for you input

Hi bags

It's a grid level value. Be back later. Trades need monitoring.
Good luck to us
Thank You
  • #192,977
  • Jan 14, 2010 3:59am Jan 14, 2010 3:59am
Quoting samdani786
Thanks a lot . wish you 1000+ pips this week
You're welcome
  • #192,978
  • Jan 14, 2010 4:00am Jan 14, 2010 4:00am
my short from 6303 closed +21 pips , there is trend supp
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  • #192,979
  • Jan 14, 2010 4:01am Jan 14, 2010 4:01am
There is a misconception in the market that if the rating of the US AAA is undermined, then USD will go down but GBP will go up...The reality is that if the rating of AAA of US goes down, then it will take GBP down with it....because UK is relying on US strength....thery are married. Thats where the confusion is here currently, once the market realizes the concequences, this baby will drop like crazy

UK's majority underlying assets are mostly US based, with current shitty economic situation in UK, and undermining the credit rating potential of US, UK's asset based in Banks and Government all will be undermined pushing the rating of UK to go down as well.....SO GOOD LUCK

On other hand, Euro is much better positioned as flight to safety currency becuase of lower exposure to the US based assets, unlike UK its predominantly US based assets....However, Euro is facing soverign debt crisis that is causing additional layer of challenges...

All in all, GBP is the worst position of all, because of worst economic situation and heavy banking expsoure to US based assets

Its gonna be very volatile....
  • #192,980
  • Jan 14, 2010 4:04am Jan 14, 2010 4:04am
Quoting wormboy
You're welcome my friend.
I am currently heavily short with stop placed @6345
I'm with you in the same boat.
hope that boat starting to move.
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