Cable Update (GBPUSD) | Page 13481 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #269,601
  • Jan 22, 2011 2:57am Jan 22, 2011 2:57am
World needs $100 Trillion more credit.

The world's expected economic growth will have to be supported by an extra $100 Trillion (£63 Trillion) in credit over the next decade, according to the World Economic Forum.

Unfortunately, the UK, France, Portugal, Ireland, Spain, Greece and Italy are in much the same predicament. Greece and Portugal will goes first and we will probably see a domino effect.

But if the USA goes, everyone goes. We're talking about a total collapse of the economic system worldwide. USA is bankrupt.

http://www.telegraph.co.uk/finance/f...mic-Forum.html
  • #269,602
  • Jan 22, 2011 3:44am Jan 22, 2011 3:44am
Quoting honestb
World needs $100 Trillion more credit.

The world's expected economic growth will have to be supported by an extra $100 Trillion ....

http://www.telegraph.co.uk/finance/f...mic-Forum.html
With all due respect, I don't care "what the world needs" if I can't identify when it needs it.


I've been reading stuff like that for years, yet being right and being early is the same as being wrong.
  • #269,603
  • Jan 22, 2011 3:45am Jan 22, 2011 3:45am
Quoting Forextrader4
Helloooo everyone, i am back because of a message i received from Vilas. For those of you that don't know me read up on my old posts. Let's have some fun Trading and make that moneyyyyy
THANKS Man, been missing you. Thank God you still keep checking your PMs. See another one - a bit later -- I was absent all day on Friday that is why the delay.

Regards,
  • #269,604
  • Jan 22, 2011 6:53am Jan 22, 2011 6:53am
Quoting gsantri
Hey Magix, the red MA, is that 20 ema?
Yes, the red line is the 20EMA.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #269,605
  • Jan 22, 2011 6:57am Jan 22, 2011 6:57am
Everything is against the pound both technically and fundamentally:

http://www.bloomberg.com/news/2011-0...k-housing.html

"BOE Posen: Sees Inflation Going 'Well Below' 2%"
http://imarketnews.com/?q=node/25403

http://www.forexfactory.com/news.php?do=news&id=277516

+ H&S and pressure for decline in GBPJPY
  • #269,606
  • Jan 22, 2011 7:22am Jan 22, 2011 7:22am
This is quite insteresting as well, isn't it?:

http://fxtrade.oanda.com/ (Open positions)
  • #269,607
  • Jan 22, 2011 7:28am Jan 22, 2011 7:28am
Quoting matlock
I didn't make an entry based on these oscillators. I know, that indicator 'analysis' is poor - agree. Anyways the pound has extremely large downward pressure even though indies may show something else.

- the uptrend hit the resistance -> double tops are forming on hourly
- resistance on GBP/JPY + the 700 pips spread of the channel
- bearish economic data for the pound
- USD to strengthen again?
Even though you may not have taken an entry based on the charts you had posted, you used them to justify your logic.

My point wasn't to tell you not to have taken a position, nor to tell you that you are not going to prosper, just the accuracy of your technical analysis was wrong based on the information you have posted.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #269,608
  • Jan 22, 2011 7:35am Jan 22, 2011 7:35am
Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 49 KB


pictures tell more than 1000 words.....

time to drop.
bias: short
Hero calls followed by margin calls...
  • #269,609
  • Jan 22, 2011 8:44am Jan 22, 2011 8:44am
Its always difficult to stop a moving ocean. I've been doing this top and bottom picking and making a mess of myself. Fact is irrespective of the clear divergencies and resistances, the cable keeps going up. It will come down for sure but when is what I dont know. For now I can only follow the ocean or stand aside ( best). But with statistics showing that over 60% of retail traders are short, I think we might see some more surprises.

Happy weekend everyone!
  • #269,610
  • Edited 9:46am Jan 22, 2011 9:43am | Edited 9:46am
GooDay all,

Nice2meet u guys,

10days before today this forum means nothing to me. Started this week i start observing chat that in this forum find out a lot of knowledge and experience sharing through the forum.

I specially focus n monitoring on messages that senior member left.
my account open 3months ago, i lost 40% of my depository. i try to follow what senior member(Planning, at my own RISK of course) i recovered 8% this week by viewing this FORUM.
Today i earned 28pips
Position opened at 5932
SL 5960
TP adjusted from 5920 ->5904, collected the highest pips from theday i started FOREX.
i wanted to switch to 5882 but was interupted by phone call, DAMN*T.

Would like2Special THANKS
Senior Member ABU-RAMI, i step into another level due to your planing.
MR Chazzle, My stop lost is according to ur message.
So Green Pip 2u plps.

Reason Why i confirmed the Stop lost is the sudden shoot of 5885 to 5944 n created a DOUBLE TOP, n is fake2me. after i read frm Chazzle i confirmed it n i agreed that i have open position later than what i assume..
Still i make a CORRECT judgment n decision. So CHEERs!

administrator said my post will be invinsible, till when it will be instantly read by others?
  • #269,611
  • Jan 22, 2011 12:53pm Jan 22, 2011 12:53pm
Quoting Forextrader4
Helloooo everyone, i am back because of a message i received from Vilas. For those of you that don't know me read up on my old posts. Let's have some fun Trading and make that moneyyyyy
What did you do, spend all the money you made last
summer and now you have to go back to work?

Dr. D.
  • #269,612
  • Jan 22, 2011 11:21pm Jan 22, 2011 11:21pm
Seems like price would visit 1.5748 this week. Time would tell. That level hasn't been re-tested since it gave way. How many of us remember price did about 8 doja (dojis) on the 1hr tf at that level? Can it attract price? Remember also the inside bar on daily tf? The trigger has been broken for a short and the retrace (about 78%) when projected downwards would land us somewhere around 57xx. Sorry I can't post charts now (I'm sending this via phone). These thoughts are worth considering. Have a nice trading week.
  • #269,613
  • Jan 22, 2011 11:33pm Jan 22, 2011 11:33pm
Quoting Magix
Yes, the red line is the 20EMA.
Thanks.

I think nolag 7.1 was too heavy, it's a bit slow to switch between TF
  • #269,614
  • Jan 22, 2011 11:36pm Jan 22, 2011 11:36pm
Quoting forexcompoun
Seems like price would visit 1.5748 this week. Time would tell. That level hasn't been re-tested since it gave way. How many of us remember price did about 8 doja (dojis) on the 1hr tf at that level? Can it attract price? Remember also the inside bar on daily tf? The trigger has been broken for a short and the retrace (about 78%) when projected downwards would land us somewhere around 57xx. Sorry I can't post charts now (I'm sending this via phone). These thoughts are worth considering. Have a nice trading week.
see the same ... especially with low vol... well why low ? coz to close friday / weekend or buyer tired ? well i dont know ... let's time tell ........
not euphoria follower
  • #269,615
  • Jan 22, 2011 11:38pm Jan 22, 2011 11:38pm
Quoting gsantri
Thanks.

I think nolag 7.1 was too heavy, it's a bit slow to switch between TF
The ema trigger I have set on the nene.tpl is the 1/20...so, 1 being price, 20 being the 20EMA, not much need to put this ema on your chart. When you see an arrow, you will know price has closed above or below.

I have posted an example with the 20, 50 ema's on my thread...a chart for a friend...

Have a gander, you will see the triggers in place. Similar tpl as the nene...
http://www.forexfactory.com/showthre...33#post4335633

Yes, nolag can be a big of a pig...but there is no limit to the amount of charts you can have open...rather than toggling tfs, just add a chart per time frame you want to monitor..or don't use it...really, your choice...

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #269,616
  • Jan 23, 2011 12:01am Jan 23, 2011 12:01am
Quoting Magix
The ema trigger I have set on the nene.tpl is the 1/20...so, 1 being price, 20 being the 20EMA, not much need to put this ema on your chart....
Thank's a lot,

I also have a new toy that I will test, took some from here and there.
You know I can not get away from 'divergence, y'day hi-lo and pivot S/R.
I do need your opinion here's the chart.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: newcompose.gif Size: 21 KB
  • #269,617
  • Jan 23, 2011 6:29am Jan 23, 2011 6:29am
Quoting matlock
Everything is against the pound both technically and fundamentally:

http://www.bloomberg.com/news/2011-0...k-housing.html

"BOE Posen: Sees Inflation Going 'Well Below' 2%"
http://imarketnews.com/?q=node/25403

http://www.forexfactory.com/news.php?do=news&id=277516

+ H&S and pressure for decline in GBPJPY
good sharing bro,
next week will even become a pretty stressful week,
because GU has entered the consolidation area, which has not been able to penetrate the area of .6000
only an analysis, and I'm always wrong, don't follow me,
  • #269,618
  • Jan 23, 2011 7:52am Jan 23, 2011 7:52am
Can't understand these money thieves:
"GBPJPY- More Recovery Strength Ahead (Weekly Technical Strategist)"
http://www.forexfactory.com/news.php?do=news&id=277589

He either is really trying to give wrong signals for noobies or he drew that trend line in drunk. Ok, that's my personal opinion. The price hasn't broken my own trend line. But yes, we'll see it later on...

My analysis for sterling here:
www.4x.fi
  • #269,619
  • Jan 23, 2011 9:01am Jan 23, 2011 9:01am
Current price = 1.60
Projection = 1.65 in 2 weeks
  • #269,620
  • Jan 23, 2011 9:36am Jan 23, 2011 9:36am
Quoting matlock
"BOE Posen: Sees Inflation Going 'Well Below' 2%"
http://imarketnews.com/?q=node/25403
Posen is an idiot and he is only saying this to back up his argument. As for most of the bankers, neigh, all fooking bankers, they don't live in the 'real' world. Remember, this is the only member who wanted to increase QE because of the threats of deflation. He just makes the above statement and does not back it up with any real substance, nor does he state when he thinks this will happen! He is already wavering with the following line - “What has changed for me is increasing awareness of the risks external to the U.K.,” - No shit Sherlock! Well, where is your fooking deflation Posen? The VAT increase in January has not even been factored into the CPI (Jan 2011 - 3.7%) / RPI (Jan 2011 - 4.8%) figures yet, that will not show until February/March as a lot of shops are using the 'No VAT increase until the end of Jan' line to pull in the punters for the January sales!

On Wednesday, all eyes will be on the BoE report to see how the members voted. Last time there was one member, Posen, to add to QE, one member, Sentance to increase interest rates and the rest all sitting on their hands. I suspect it will be exactly the same again!

I see cable ranging between 1.5837-1.6093 (~250 pips) until the report comes out! What happens then is anyone's guess! I could be wrong of course.

I prefer to open a short position on GBPCHF or GBPAUD or any other GBP pair. GBP and USD are both in the shite, whereas AUD is doing well even with the recent floods and CHF is a safe-haven currency. Saying that the Swiss are gathering around to discuss how they can combat the strengthening of their currency. They tried that in the past and failed miserably! Let's see what happens!
291 traders viewing now, 2 are registered:
saidi01
,
bblizardd