Disliked@ Malaysia
Hi, What was last weeks lesson by Jacobtrader. I caught the Cable lesson, was it different?Ignored
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Why is GBPUSD called cable? 76 replies
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cable short for gbpusd? 6 replies
Disliked@ Malaysia
Hi, What was last weeks lesson by Jacobtrader. I caught the Cable lesson, was it different?Ignored
Dislikedi dont think on retail sales number will change the decision plus the retail sales increase is probably due to the decrease in the value of the pound.
but to be sure of no rate cuts we have to look at the credit crunch because the rate cut is practically to solve it.Ignored
DislikedLadies and Gentleman,
Please read carefully. BullRock stated "Long Term Account".
Long Term, it will go back up.
Thank you for your attention. You may now resume trading.Ignored
Dislikedstill not agree - LONG term should be down technically which is 100% correct technically cable should go down -
eur usd long term DOWN
fundaymentally really i dont know but fundamentally and technically both
going together so hopefully anytime news will come and cable Push much down according to technicallyIgnored
DislikedWhat credit crunch? British consumers spending like no tommorrow. Retail sales 0.8%. I don't see any credit crunch in the UK. Maybe a housing slow down but no credit crunch.Ignored
DislikedSorry for the confusion. Let me clarify. As long as there is an interest % differential, GU will be going up. For now it is down, but will eventually go up. For long term investors don't care what the price is. As long as they get paid the interest. Intra-day traders are more concerned with the day to day, min to min price movements.Ignored
Disliked@ malaysia
Is there anywhere i can get the info on the cable/geppy bearish signals?Ignored
Dislikedif you do long term right now price is 9575 arround
if its hit 9200 can't Stop loss reach in long term?
better to wait to see GU go downIgnored
DislikedI just SHORTED exactly at 61.8% Fibbo.... SCALPING for possible price correction from the surge UPThis kind of trade very RISKY since it's against the momentum.
Safer side... BUY FROM DIP if Cable stays above the Daily Pivot (US Session)... Patience is needed. Might Break the Channel Resistance. If Fail to break it.... I'll be Lucky of Shorting from Top. I'll place a tight SL.
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DislikedI agree - this northern rock fiasco has the world believing the UK is finished and that fits a lot of post-colonial fantasies.
When you look at all the positive figures I will back the Uk economy right now.. The Brits are more rabid spenders than the US and have a history of big inflation...
We have the BOE writing letters to explain why inflation is getting out of hand and these high retail figures confirm it (1 month's exchange rate has no influence)
As long as jobs dont slip then Uk rates will whup US rates and the US isnt totally dead,so the 'safe currency' rubbish will not hold USD up
The next president will be a war spending President or a high public spending president - either way the US is going to spend public funds and either taxes go up or borrowing does - long term the USD is a dead duck
last week I would have backed that judgement - this week I ignore all but technicalsIgnored
Dislikedchicken 1 (just joking )
wow that philly fed was some figure though so perhaps the gbp can get some steam upIgnored