Cable Update (GBPUSD) | Page 15016 | 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)

  • #300,301
  • Feb 9, 2012 7:45am Feb 9, 2012 7:45am
Quoting ibpo
there is chance ECB spikes on day chart will toch your 5981 then range next week

http://i.imgur.com/mnq8K.png
thank you my forex brother
  • #300,302
  • Feb 9, 2012 7:48am Feb 9, 2012 7:48am
Quoting PskovFX
News break any expectations
News is designed to move price to certain points, it does not break any expectations if you take a step back and analyse the weekly and daily timeframes.
  • #300,303
  • Feb 9, 2012 7:51am Feb 9, 2012 7:51am
Quoting bbakker
News is designed to move price to certain points, it does not break any expectations if you take a step back and analyse the weekly and daily timeframes.
to me news is there to fck with the overall trend, altho some times it can change a trend
  • #300,304
  • Feb 9, 2012 7:53am Feb 9, 2012 7:53am
Quoting gsantri
been a looong time. hope all is well Bro

kemane aje sih mas.. somebody was looking for you
Hi gsantri, my (Country Mate) friend...

Glad to see you again, Bro.
I hope you and your family Well too...

I know... at yesterday, the First time I opened Forum again.
Btw, This Indies was One years Old Now. I don't know still Good for Trade or Not
I was Absent in Trade for Long Time and Not Use those Indies, I will Check it first.

Oi... Selamat, Anda sudah banyak Kemajuan lagi nie
Bini Saya sempat Sakit Parah selama sebulan-an. Urus Keluarga (terutama 2 Anak Saya yg Masih SD) Repot banget... Ada Tidak Main Trading 6 Bulan-an tuh.. Mau Start mulai lagi. Beri Pengarahan ke Saya ya Kang
Always looking the GREAT, never left GOOD Point...
  • #300,305
  • Feb 9, 2012 7:57am Feb 9, 2012 7:57am
Quoting PoundTrader
to me news is there to fck with the overall trend, altho some times it can change a trend
Very true PT! It fooks with the overall trend to shake out the weaker players but all you need to do is look at the bigger picture to understand why price turns at certain points irrespective of fundamentals or news.

A great example of this recently is EURUSD turning at 1.2620 when everyone was shouting short because of the news and fundamentals, but if you look at the weekly timeframe, you can see why it turned there! Open the monthly, throw on a trendline and voila, we are still above that bullish trendline nearly touching it.
  • #300,306
  • Feb 9, 2012 7:58am Feb 9, 2012 7:58am
Greek austerity agreement reached.
Statements expected shortly (CNBC).


good for the economy..
but not for the people there, more cuts more hikes.
oh dear..
  • #300,307
  • Feb 9, 2012 8:01am Feb 9, 2012 8:01am
Quoting bbakker
Very true PT! It fooks with the overall trend to shake out the weaker players but all you need to do is look at the bigger picture to understand why price turns at certain points irrespective of fundamentals or news. A great example of this recently is EURUSD turning at 1.2620 when everyone was shouting short because of the news and fundamentals, but if you look at the weekly timeframe, you can see why it turned there!
yep, i think im gonna change my name to Pound-A-Trader,
  • #300,308
  • Feb 9, 2012 8:05am Feb 9, 2012 8:05am
Quoting PoundTrader
yep, i think im gonna change my name to Pound-A-Trader,
lol
  • #300,309
  • Feb 9, 2012 8:06am Feb 9, 2012 8:06am
Quoting Tsar
Hi gsantri, my (Country Mate) friend...

Glad to see you again, Bro.
I hope you and your family Well too...

I know... at yesterday, the First time I opened Forum again.
Btw, This Indies was One years Old Now. I don't know still Good for Trade or Not
I was Absent in Trade for Long Time and Not Use those Indies, I will Check it first.

Oi... Selamat, Anda sudah banyak Kemajuan lagi nie
Bini Saya sempat Sakit Parah selama sebulan-an. Urus Keluarga (terutama 2 Anak Saya yg Masih SD) Repot banget... Ada Tidak Main...
SIAP hehe
  • #300,310
  • Feb 9, 2012 8:09am Feb 9, 2012 8:09am
Quoting gsantri
SIAP hehe
so sweet two traders hugging each other,
  • #300,311
  • Feb 9, 2012 8:12am Feb 9, 2012 8:12am
Quoting PoundTrader
so sweet two traders hugging each other,



  • #300,312
  • Feb 9, 2012 8:13am Feb 9, 2012 8:13am
Many traders on FF are obsessed with the individual news annoucement without looking at the bigger picture.

In the case of EURUSD, all the EZ politicians are determined to keep the Euro and do what is necessary. The Euro is here to stay, fact! Look at the steps that Draghi has taken since he took over at the ECB.

Now if Greece defaults and leaves the Euro, which is a real possibility, a weaker country leaves the Euro currency leaving the stronger countries in the Euro currency. Now what do you think will happen to the Euro?

Answers on a postcard please!
  • #300,313
  • Feb 9, 2012 8:21am Feb 9, 2012 8:21am
Quoting bbakker
Many traders on FF are obsessed with the individual news annoucement without looking at the bigger picture.

In the case of EURUSD, all the EZ politicians are determined to keep the Euro and do what is necessary. The Euro is here to stay, fact! Look at the steps that Draghi has taken since he took over at the ECB.

Now if Greece defaults and leaves the Euro, which is a real possibility, a weaker country leaves the Euro currency leaving the stronger countries in the Euro currency. Now what do you think will happen to the Euro?

Answers on a postcard...
im gona give it a guess... the EURO will have a period of suffering.... no matter how big a picture you want it....
if greece were to quit the eurozone, first of all Debts to the Euro will be written off fully or partially
Fully would cause a huge dent in a lot of european bank, possibly causing the Major banks in Europe to collapse (something they are trying to avoid)

Partial debt writing off would mean the greeks still have to repay some of the debt... but i hardly see how the greeks being out of the EZ and having their own drachma, a currency of which they will surely devalue so much that it will never be able to repay the debt in Euro Value...
see the irony here??
Fundamentally the EURO is a joke, as much as politicians try to keep it alive, they will not be able to keep a chronic illness completely cured without treating the source of this infection...
This means fiscal/political restructuring.
Too much power is given to a single country within the membership of the EuroZone

Thats my view anyways... love to see what people think otherwise..
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #300,314
  • Feb 9, 2012 8:26am Feb 9, 2012 8:26am
Quoting bguguen
im gona give it a guess... the EURO will have a period of suffering.... no matter how big a picture you want it....
if greece were to quit the eurozone, first of all Debts to the Euro will be written off fully or partially
Fully would cause a huge dent in a lot of european bank, possibly causing the Major banks in Europe to collapse (something they are trying to avoid)

Partial debt writing off would mean the greeks still have to repay some of the debt... but i hardly see how the greeks being out of the EZ and having their own drachma, a currency...
Euro is a joke,so what you call a dollar then with 13trj $$ debt ? Second doesnt matter if country declares bankruptcy it still gonna have to repay every cent of its loans and debts like Germany did for WW1 and still does for ww2,except they might choose to repay it in 100 years time which will still make a huge dent,just to make it clear.
  • #300,315
  • Feb 9, 2012 8:27am Feb 9, 2012 8:27am
Quoting gsantri


easy on the tongue, things happens ,
  • #300,316
  • Feb 9, 2012 8:28am Feb 9, 2012 8:28am
Quoting PoundTrader
so sweet two traders hugging each other,
Hi PoundTrader,

Glad to see you again, too
Still like Before (when I left 8 Month before), No Changes your C...

Okey... We Discuss about GU Now.
What Time Frime (TF) you use and your SL ?
Sometimes effect the NEWS Not same with our Opinion. Market always RIGHT !

Remember, I'm Not Openned MT4 Now.
I try... give my Analyse (hope Correct) with Candle Formation and Chart Pattern only
Always looking the GREAT, never left GOOD Point...
  • #300,317
  • Feb 9, 2012 8:29am Feb 9, 2012 8:29am
Quoting bguguen
im gona give it a guess... the EURO will have a period of suffering.... no matter how big a picture you want it....
if greece were to quit the eurozone, first of all Debts to the Euro will be written off fully or partially
Fully would cause a huge dent in a lot of european bank, possibly causing the Major banks in Europe to collapse (something they are trying to avoid)

Partial debt writing off would mean the greeks still have to repay some of the debt... but i hardly see how the greeks being out of the EZ and having their own drachma, a currency...
Banks will not collapse, they now have unlimited liquidity through LTROs. I agree that they need to cure the source of this infection and that cure is to remove the cancerous components (Greece, Portugal and any other countries that are incapable of balancing their books) and growth.

Ultimately, the monthly/weekly charts will tell us what will happen because the charts don't lie unlike politicians!
  • #300,318
  • Feb 9, 2012 8:31am Feb 9, 2012 8:31am
Quoting pinkiaiii
Euro is a joke,so what you call a dollar then with 13trj $$ debt ? Second doesnt matter if country declares bankruptcy it still gonna have to repay every cent of its loans and debts like Germany did for WW1 and still does for ww2,except they might choose to repay it in 100 years time which will still make a huge dent,just to make it clear.
problem with the USD is that a lot of country's currencies are linked with the USD as a norm for trade... a luxury which the EURO doesnt possess.....
did i mention gold futures are dealt directly in USD??
gosh there are so many things linked to the USD that makes the USD practically invincible regardless with its debt...
as long as USD has a current account surplus, they can finance their debt
which if i remember it correctly... their current account trade balance is headed back/about to head back to positive... thats the reason why the debt in US is allowed to climb...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #300,319
  • Feb 9, 2012 8:32am Feb 9, 2012 8:32am
Quoting pinkiaiii
Euro is a joke,so what you call a dollar then with 13trj $$ debt ? Second doesnt matter if country declares bankruptcy it still gonna have to repay every cent of its loans and debts like Germany did for WW1 and still does for ww2,except they might choose to repay it in 100 years time which will still make a huge dent,just to make it clear.
with regards to US and look at the Dollar Index chart over the last 50 years, that is one hell of a downtrend!

Don't know about every cent but over time inflation will erode any debt.
  • #300,320
  • Feb 9, 2012 8:35am Feb 9, 2012 8:35am
Quoting bbakker
Many traders on FF are obsessed with the individual news annoucement without looking at the bigger picture.

In the case of EURUSD, all the EZ politicians are determined to keep the Euro and do what is necessary. The Euro is here to stay, fact! Look at the steps that Draghi has taken since he took over at the ECB.

Now if Greece defaults and leaves the Euro, which is a real possibility, a weaker country leaves the Euro currency leaving the stronger countries in the Euro currency. Now what do you think will happen to the Euro?

Answers on a postcard...
Hi Brian,

Glad to see you too...


Best Regards,
Tsar
Always looking the GREAT, never left GOOD Point...
538 traders viewing now, 2 are registered:
F.g
,