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Cable Update (GBPUSD)

  • #196,621
  • Jan 28, 2010 5:17am Jan 28, 2010 5:17am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
What makes you say that?


You could be right but the level you are mentioning is far far away.

Take each day as it comes with 40-50 pips up & down. That's what you have been doing

What happened to you?


ta
ams



Quoting Shad
What About 6812 !?

  • #196,622
  • Jan 28, 2010 5:22am Jan 28, 2010 5:22am
shorted @52 again
  • #196,623
  • Jan 28, 2010 5:24am Jan 28, 2010 5:24am
Quoting Bull_Bear

How are you DT mate? Long time no see buddy.

Whats been cooking?
All good mate, holding Shorts scaled in from mid Jan 159 to mid 164 and watching the stop run North unfold.

Thought I'd drop in some humour on the thread lol.

Anyway, better get on my bike, got a cake shop to visit.

All the best BB
Attached Image
  • #196,624
  • Jan 28, 2010 5:26am Jan 28, 2010 5:26am
OMg lol too funny Direct
  • #196,625
  • Jan 28, 2010 5:28am Jan 28, 2010 5:28am
Quoting Fly2
shorted @52 again
Why......

Can you see how she's bounced off support...

Good Luck
Attached Image (click to enlarge)
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Veni, Vidi, Vici (We came, we saw, we conquered)
  • #196,626
  • Jan 28, 2010 5:30am Jan 28, 2010 5:30am
Quoting Bull_Bear
Why......

Can you see how she's bounced off support...

Good Luck
TP 180 next for me if all goes well
  • #196,627
  • Jan 28, 2010 5:32am Jan 28, 2010 5:32am
Quoting direct-trade
All good mate, holding Shorts scaled in from mid Jan 159 to mid 164 and watching the stop run North unfold.

Thought I'd drop in some humour on the thread lol.

Anyway, better get on my bike, got a cake shop to visit.

All the best BB
Later DT....

Trade well buddy.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #196,628
  • Jan 28, 2010 5:32am Jan 28, 2010 5:32am
how come i feel it is the same person...
  • #196,629
  • Jan 28, 2010 5:39am Jan 28, 2010 5:39am
Quoting Bull_Bear
Why......

Can you see how she's bounced off support...

Good Luck
I see resist
  • #196,630
  • Jan 28, 2010 5:41am Jan 28, 2010 5:41am
Quoting Fly2
I see resist
Ok good luck with your trade than.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #196,631
  • Jan 28, 2010 5:43am Jan 28, 2010 5:43am
Quoting ams
What makes you say that?


You could be right but the level you are mentioning is far far away.

Take each day as it comes with 40-50 pips up & down. That's what you have been doing

What happened to you?


ta
ams
Agreed,

We have to break this channel we have been in for the past week. Only then can we determine a direction. For now play tops and bottoms with tight S/L's. Has been hinting upwards but usually cause for alarm as to a fake out.
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  • #196,632
  • Jan 28, 2010 5:46am Jan 28, 2010 5:46am
Manize,

How you doing bro. Hope you have been making some pips in this sideways channel we have been in for the past week. Tops and bottoms until it breaks..
  • #196,633
  • Jan 28, 2010 5:53am Jan 28, 2010 5:53am
sl @ BE now
  • #196,634
  • Jan 28, 2010 6:00am Jan 28, 2010 6:00am
Quoting Shad
Yes Ofcourse It Is Cup & Handle In Weekly Chart As I mentioned There , But In Long Term.....

Hi Shad, I'm enjoying your contributions, but I'm currently a bit confused and wonder if you could clarify?

Over in USD/CHF you highlight the weekly cup and handle (correctly IMO), which points to dollar strength over the next few weeks, months even - I'd say that was long term. You hint that something else is going to happen in the longer term.

If that cup and handle does play out, that dollar strength in the Swissie will - broadly speaking - translate to dollar strength everywhere including Cable. The current daily charts of the Swissie and Cable show pretty well the inverse corellation effect.

Attached Image (click to enlarge)
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That long term dollar strength would mean a weaker pound of course, so down we go - although you're currently also predicting a much stronger pound.

I don't think we can have it both ways, so it's strong pound or strong dollar.
Which one are you rooting for?

Me, I like direct-trades take on things (SHORT Cable), although it's causing me to sweat quite a bit!
  • #196,635
  • Jan 28, 2010 6:00am Jan 28, 2010 6:00am
I really get frustrate when this pair doesn't move with EUR/USD
  • #196,636
  • Jan 28, 2010 6:01am Jan 28, 2010 6:01am
Quoting Ctic
Manize,

How you doing bro. Hope you have been making some pips in this sideways channel we have been in for the past week. Tops and bottoms until it breaks..
I am flat as far as still move between 1.6232 -1.6275 ! Try went long on EU been got on fire !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #196,637
  • Jan 28, 2010 6:07am Jan 28, 2010 6:07am
Quoting dil
whos back
Hi dil..

where have you been?

i guess you have spent all of your december's profit and coming back here to make money again..

welcome bro..
Patience + Discipline =
  • #196,638
  • Jan 28, 2010 6:11am Jan 28, 2010 6:11am
Quoting yo_si
I don't think we can have it both ways, so it's strong pound or strong dollar.
Which one are you rooting for?
Thought I'd throw my 2 cents in. Actually, yes and no. Obviously, GU will have go up or down, but when the dollar rallied last time, gbp/aud went up 6,000 pips, then crashed to new lows, but the GBP does look under valued against most currencies, except the dollar. I would look for a stronger pound against CAD, the swissy, and AUD. The USD and JPY should both be stronger though, I'd think.
  • #196,639
  • Jan 28, 2010 6:13am Jan 28, 2010 6:13am
What will happen if Bernanke loose its position?

On all USD pairs?
  • #196,640
  • Jan 28, 2010 6:16am Jan 28, 2010 6:16am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
For most currencies against the pound, they have higher IR then pound and your thoughts are based on what fundamental factors?

USD IR dreams were shattered yesterday with FOMC.


Quoting Clouds
Thought I'd throw my 2 cents in. Actually, yes and no. Obviously, GU will have go up or down, but when the dollar rallied last time, gbp/aud went up 6,000 pips, then crashed to new lows, but the GBP does look under valued against most currencies, except the dollar. I would look for a stronger pound against CAD, the swissy, and AUD. The USD and JPY should both be stronger though, I'd think.
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