Cable Update (GBPUSD) | Page 15771 | 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)

  • #315,401
  • Jun 1, 2012 5:04am Jun 1, 2012 5:04am
Quoting Ill-b-back
Looking at the Gold graph, why isn't it tanking??
People are onto it and have been since this mess began.
China Treasury holdings have lost about a third of their value over the last 10 years and they are not happy about it and buying Gold big time.
Anyway, I am honestly not an expert on this, I just listen to the experts with experience and a track record.
I don't trade Gold may may look for a breakout in Silver if and when the next US QE comes.

I've got to go to the movies now, so have a great weekend guys.
yes but gold can begin to be overbought by everybody in the world in this scenario. that could be the reason why it is not going down: some one already heavy buying! must be cautious and patient. things will show soon!
enjoy the movies

bybye :-)
90% of traders use TA, indicators and prediction
  • #315,402
  • Jun 1, 2012 5:08am Jun 1, 2012 5:08am
Quoting redbeben
here's the short entry on Gold
I entered @ 1553 and aiming 1500 for now

just pay attention as gold and EU go hand in hand either to destruction either to heaven

for now I will put the SL @1563

I'm pretty sure it will happen later this month as it happened last month when I was short on all possible EU,cable,long on USDCAD,USDCHF and I was asking myself how come EU is still climbing when Greece will blow it and I was shaking my pants @ 1.33 ....

now I bet will happen the same as soon as investors will realise that USA is the black...

shorting gold now is very risky. Russians have been rebuilding their reserves after selling massively the entire lot a few months ago and so others. They don't predict 2000 but 1700-1800 if not 1900 can be easily on the cards by year end. Correlation between gold and EUR or AuSD is not as strong as you think. Despite all said, situation in Euro zone is improving drastically from last year. All cuts done by PIIGS at the expenses of growth were made to reach the target of fiscal integration and not for the financial crisis.
  • #315,403
  • Jun 1, 2012 5:14am Jun 1, 2012 5:14am
Hi guys.

I know this post is not related to cable, but I was wondering if anyone else was having problems with withdrawals from FX Primus and Payoneer this week?

Thanks
Show Me Your Pips!!!
  • #315,404
  • Jun 1, 2012 5:16am Jun 1, 2012 5:16am
Quoting _BBKing_
yes but gold can begin to be overbought by everybody in the world in this scenario. that could be the reason why it is not going down: some one already heavy buying! must be cautious and patient. things will show soon!
enjoy the movies

bybye :-)
Yes, that's what I mean, Gold is looking attractive these years.
When I said "why isn't Gold tanking", it was a rhetorical question.
Whether it be Gold. Silver, or anything else, it will be better than cash...

Yes, buying Gold at $1000 and selling at $1850, will make money in any market, thanks for clarifying that. I don't think my Flatmate held it for that long, he would have starved looking for work
Off to see "Toast" DVD , the wifes choice.
I hope I am not bored...
Come with me if you want to live....
  • #315,405
  • Jun 1, 2012 5:19am Jun 1, 2012 5:19am
Quoting Kaloo5
Hi guys.

I know this post is not related to cable, but I was wondering if anyone else was having problems with withdrawals from FX Primus and Payoneer this week?

Thanks
never saw these names before now.
maybe payoneer but fxprimus really new to me!!
90% of traders use TA, indicators and prediction
  • #315,406
  • Jun 1, 2012 5:21am Jun 1, 2012 5:21am
Looks like the pound is trying to head south of this longer term trading range, unless an immediate slow down/reversal takes place in the next week, otherwise good news for my short
Attached Image (click to enlarge)
Click to Enlarge Name: pound.jpg Size: 73 KB
  • #315,407
  • Jun 1, 2012 5:27am Jun 1, 2012 5:27am
i'm leaving...
see you all next week or the other one, when things will hopefully be slowed down.

good luck and if you need to trade today, do it with small size.

byebye
90% of traders use TA, indicators and prediction
  • #315,408
  • Jun 1, 2012 5:31am Jun 1, 2012 5:31am
Quoting Ill-b-back
...
Yes, buying Gold at $1000 and selling at $1850, will make money in any market,......
Only if your currency is the USD.
  • #315,409
  • Jun 1, 2012 5:44am Jun 1, 2012 5:44am
Quoting _BBKing_
never saw these names before now.
maybe payoneer but fxprimus really new to me!!
Hi BB
FX Primus is the broker, and Payoneer is the Debit Card issuer. I've been with them for just under a year now, but this week is the first time that I haven't been happy with their service.
Show Me Your Pips!!!
  • #315,410
  • Jun 1, 2012 7:01am Jun 1, 2012 7:01am
Quoting id5
Only if your currency is the USD.
At 85 percent increase I think currency you hold does not matter
Come with me if you want to live....
  • #315,411
  • Jun 1, 2012 7:03am Jun 1, 2012 7:03am
Quoting Ill-b-back
At 85 percent increase I think currency you hold does not matter
Well yes it will impact but profit will still be realised at those buy and sell prices
Come with me if you want to live....
  • #315,412
  • Jun 1, 2012 7:14am Jun 1, 2012 7:14am
Small 5 min scalp for +15 pip. Flag break. Possibly going lower in anticipation of the (usually miscalculated by stoned junkies) NFP numbers. lol


Best,
-H
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 15 KB
  • #315,413
  • Jun 1, 2012 7:35am Jun 1, 2012 7:35am
Well that was a good NFP forecast
Come with me if you want to live....
  • #315,414
  • Jun 1, 2012 7:41am Jun 1, 2012 7:41am
Quoting Ill-b-back
At 85 percent increase I think currency you hold does not matter
USD printing will take gold up but if you are in another country such as Norway that has not reason to print then gold will hardly have changed.
  • #315,415
  • Jun 1, 2012 7:45am Jun 1, 2012 7:45am
Quoting goldfish3
Small 5 min scalp for +15 pip. Flag break. Possibly going lower in anticipation of the (usually miscalculated by stoned junkies) NFP numbers. lol

Best,
-H
I was watching the same setup in the 5 M, certainly the NFP report helped reach the target, I had the same divergence on the CCI(14).

http://1.bp.blogspot.com/-9nvG2DPoiX...+02+gbpusd.gif
  • #315,416
  • Jun 1, 2012 7:57am Jun 1, 2012 7:57am
Quoting Eric D
I was watching the same setup in the 5 M, certainly the NFP report helped reach the target, I had the same divergence but on the CCI(14).

http://1.bp.blogspot.com/-9nvG2DPoiX...+02+gbpusd.gif

My 15 pip target was reached before the NFP. The rest was a BE trade (of course including the 15 pip profit). Still in the game on this trade. US figures were in the bog. UK in double dip recession. Japan dont want yen getting stronger anymore. the market don't know what to do. I think it's gold and silvers turn to be safe houses now.

For div i was using stochs RSI and CCI all three were showing it. It was a good bet. didn't wait for PA though. PA is meaningless IMO in such volatile conditions.

If market stays below 1.53 in the next couple hours or so, the bears will surely push it down to the lowest M1 levels of 1.52 or under. Thats 100 pip for the trade i opened and about 1000 for the one I opened around 1.62.

Party on.

Best,
-H
  • #315,417
  • Jun 1, 2012 7:59am Jun 1, 2012 7:59am
Quoting id5
USD printing will take gold up but if you are in another country such as Norway that has not reason to print then gold will hardly have changed.
But gold is priced in USD isn't it? Unless USD loses 85 percent of its value against your local currency while Gold soars by 85 percent, then you will still make money? I really am no expert on this so I am probably missing something.
Come with me if you want to live....
  • #315,418
  • Jun 1, 2012 8:03am Jun 1, 2012 8:03am
daily
TP 5241????
Attached Image (click to enlarge)
Click to Enlarge Name: dy.jpg Size: 127 KB
  • #315,419
  • Jun 1, 2012 8:11am Jun 1, 2012 8:11am
Quoting Ill-b-back
...

Yes, buying Gold at $1000 and selling at $1850, will make money in any market, ...

Does not make money in all markets.

Quoting Ill-b-back
But gold is priced in USD isn't it? Unless USD loses 85 percent of its value against your local currency while Gold soars by 85 percent, then you will still make money? I really am no expert on this so I am probably missing something.

You got it now, if USD loses value against your local currency it could go vastly up in USD but down in your local currency.
  • #315,420
  • Edited 8:20am Jun 1, 2012 8:12am | Edited 8:20am
Quoting goldfish3
....

If market stays below 1.53 in the next couple hours or so, the bears will surely push it down to the lowest M1 levels of 1.52 or under. Thats 100 pip for the trade i opened and about 1000 for the one I opened around 1.62.

Party on.

Best,
-H
An awesome return for such small risks Goldfish, congrats! surely a party moving along!
395 traders viewing now, 3 are registered:
,
nkosiyazinhl
,
Gbpusdfreakk