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Cable Update (GBPUSD)

  • #193,001
  • Jan 14, 2010 4:56am Jan 14, 2010 4:56am
Quoting albchr
Good to see you Paul !

Been a while.

Hey Chris,

Also been checking in to your thread every day or so...

Things are going okay, my friend. I took time off from the middle of December, as the markets were frustrating me no end. I'm back with a passion now!

Speak soon, Paul
  • #193,002
  • Jan 14, 2010 4:58am Jan 14, 2010 4:58am
Quoting gammase1
You post seemed to infer that the market believed the US was at greater risk of a downgrade, which you described as a "misconception in the market"...

Anyway, you have an easy year ahead. You can just place a short, no stop loss, and come back in December to bag your profits.

How are things in Dubai btw?
Dubai is managing debt quite well, its all about managing debt from US to China.... no one is doing perfect...


The misconception was that, the market believes that if US credit rating goes down then all other currencies will go up including the GBP....Thats a misconception...The fact is that, the GBP will go down with USD if that happened....and there will be a weird correlation issues taking place..

However, the US will not let their credit rating to deteriorate below AAA...I can rest assure that US will maintian the AAA rating...Its all a game towards prevailing in this hostile market..
  • #193,003
  • Jan 14, 2010 4:58am Jan 14, 2010 4:58am
Quoting gammase1
Great to see you, Azim!

I had a poor opening week of 2010, but I am, thankfully, faring much better this week. I've stayed away from cable this week and concentrated on AUDJPY and EURJPY.

I've been reading your thread and am happy to see you've had a decent start to 2010.
Thanks brother.
Been a tiring start to the year tbh, I've not managed a single trade that I could hold well over 2 days tbh, except last weekend's cable long.
I've stayed away from trading the gbpjpy since beginning of the year. Thought I made the right decision since it hadn't start to trend properly yet for me to trade it without me having to be overly cautious.
Hadn't look at the ey either & I can't trade the ay since I don't have that pair on my platform.
Wish you well on your trades sifu!
Thank You
  • #193,004
  • Jan 14, 2010 4:58am Jan 14, 2010 4:58am
Quoting wormboy
Next resistance is @6380 level. Might as well give your money to charity
you are now talking about sell !!! aha
good luck bro ....
  • #193,005
  • Jan 14, 2010 5:02am Jan 14, 2010 5:02am
Quoting gammase1
Hey Chris,

Also been checking in to your thread every day or so...

Things are going okay, my friend. I took time off from the middle of December, as the markets were frustrating me no end. I'm back with a passion now!

Speak soon, Paul
Looking forward to our chats again as usual my friend. I'm glad you're keeping an eye on me. Then you know I'm off to a pretty good start so far this year. I feel this is going to be a really good one for me.

May will mark my 1 year anniversary trading live so I can't wait to see the "years" results as an average.

All my best to you always buddy.
Ghost Rider - WWTBMD?
  • #193,006
  • Jan 14, 2010 5:03am Jan 14, 2010 5:03am
Quoting wormboy
Thanks brother.
Been a tiring start to the year tbh, I've not managed a single trade that I could hold well over 2 days tbh, except last weekend's cable long.
I've stayed away from trading the gbpjpy since beginning of the year. Thought I made the right decision since it hadn't start to trend properly yet for me to trade it without me having to be overly cautious.
Hadn't look at the ey either & I can't trade the ay since I don't have that pair on my platform.
Wish you well on your trades sifu!
EY is frustrating, mate. Much like GY, there is a complete lack of trend to trade, with spot moving in an annoying range. For this reason, I'm targetting much smaller gains than is usually the case, which means holding trades for hours and rarely more than 24 hours.
  • #193,007
  • Jan 14, 2010 5:03am Jan 14, 2010 5:03am
Quoting m.haggag
you are now talking about sell !!! aha
good luck bro ....
Today is a brand new day lol.
Good luck to you too
Thank You
  • #193,008
  • Jan 14, 2010 5:04am Jan 14, 2010 5:04am
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
Yo Wormie your text makes sense, but bro wots going on with your chart.... lol

Dude heads up on the daily mate....

http://www.forexfactory.com/showpost...stcount=192959

Wots kicking mate?
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #193,009
  • Jan 14, 2010 5:06am Jan 14, 2010 5:06am
Hi Guys,

I can not create a new thread due to the fact tat I am only a junior member.
What about creating a Trade for Aide thread giving all of the plus side of a trade to Haiti.

I have just gone short AUD and it does not look like that is gonna help anybody down there but maybe some of you guys have better luck.

Btw. If my trade crosses it will go to http://www.msf.org/

Have a good one anyways..

Best regards,
  • #193,010
  • Jan 14, 2010 5:07am Jan 14, 2010 5:07am
we are still in a short range even during london open i think everyone is waiting for the news coming out of the US in a few hours. i think this is a good time to rest
  • #193,011
  • Jan 14, 2010 5:09am Jan 14, 2010 5:09am
salam hi all

when it break the range we are stuck here
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  • #193,012
  • Jan 14, 2010 5:12am Jan 14, 2010 5:12am
I remeber that
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  • #193,013
  • Jan 14, 2010 5:12am Jan 14, 2010 5:12am
Short till 1.6240
  • #193,014
  • Jan 14, 2010 5:20am Jan 14, 2010 5:20am
Quoting m.haggag
i was right ... the uptrend lines shows a strong supp , and cable also shows respect to trend lines from the start of the year unlike the usual
I'm out anyway , hope break it for u shorters
trend line is broken successfully , have a nice trip to 624x bros
  • #193,015
  • Jan 14, 2010 5:23am Jan 14, 2010 5:23am
Quoting gammase1
EY is frustrating, mate. Much like GY, there is a complete lack of trend to trade, with spot moving in an annoying range. For this reason, I'm targetting much smaller gains than is usually the case, which means holding trades for hours and rarely more than 24 hours.
I hear you. More screentime & less golf then Paul? I hate sacrifices
Thank You
  • #193,016
  • Jan 14, 2010 5:27am Jan 14, 2010 5:27am
Quoting Bull_Bear
Yo Wormie your text makes sense, but bro wots going on with your chart.... lol

Dude heads up on the daily mate....

http://www.forexfactory.com/showpost...stcount=192959

Wots kicking mate?
Yo Q, a little graffiti to my dull day lol
I agree with the daily, looks like my 6214 target is where your steep ltl is
Thank You
  • #193,017
  • Jan 14, 2010 5:30am Jan 14, 2010 5:30am
I hate 1.6262/65 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #193,018
  • Jan 14, 2010 5:34am Jan 14, 2010 5:34am
Quoting wormboy
Yo Q, a little graffiti to my dull day lol
I agree with the daily, looks like my 6214 target is where your steep ltl is
Bro draw the trend line on the daily, run it up the middle spin of daily she'll hit 1.6350 with the downward sloping trend. Plus 1.6350 is also the 50% fib..... VERY strong level mate. Thats where my TP is (currently holding long) and reverse sell mate....
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #193,019
  • Jan 14, 2010 5:35am Jan 14, 2010 5:35am
remember that guys :

if it is a swing ,it will reach 1.6100 and may be down to 1.5970 also
may be with the good news coming of USD pushing it down
  • #193,020
  • Jan 14, 2010 5:38am Jan 14, 2010 5:38am
Quoting Bull_Bear
Bro draw the trend line on the daily, run it up the middle spin of daily she'll hit 1.6350 with the downward sloping trend. Plus 1.6350 is also the 50% fib..... VERY strong level mate. Thats where my TP is (currently holding long) and reverse sell mate....
agreed bro, saw it on the 50 fib. I'm just looking for 6214 test & see if price can jump back up for me to buy again. Damnit 40 pips to the target, cable not making it easy here
Thank You
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