The traders might take the profit from they long positions cause the turmoil still on the table and today is friday. Besides Asia stocks closed negative. To me it's a bear day, but who knows
No Brain, no Gain.
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
DislikedLooks like the harvest can come to you shortly... At this moment, I wouldn't bet on a push too much higher from here... Specially looking at GJ weekly after the Chinese crises...
By "pushing too much higher" I mean 300+ pips.
But even if there is a temporary top cooking, I'm not going to short this market... If next week is bearish, I might stay aside to catch bottoms... My long bias not changed.Ignored
DislikedWell as far as my views goes the weekly and monthly chart is still bullish.. What happens on a day to day basis I do not know. I am closing all my positions today no matter what due to my weekly methodology... and monday is banking holiday here in the UK so I am not ding anything till Tuesday. I do not expect large movements except if the fellows in the US do something "major". Half of the UK is already on holiday and half of our trading desk is on holiday too.
RegardsIgnored
DislikedHello
I think when cable under 2.0057 it's nearest to go down ... better to wait to US sessionIgnored
Dislikedcable = cure for insomnia tonight.
Good night and I hope you all make a ton of pips while I'm blissfully sleepingIgnored
DislikedOkay... I decided to grab what I have and there's just tiny trades to find their way out of this market...
I must get rid of this "giving it all back after ripping the market off" syndrome that I have. And this was a very nice week.
Besides, Europe stocks are going for new lows while dow futures is in red area. I'm not going to gamble this market.
If cable goes up, fine. If goes down I'm out at 9950 for some good profit for the trades that are there.....Ignored
QuoteDislikedEarly in the morning: "Mortgage Fund said shutting down"
Then at 9:30 EST: "US Stocks tumble on Mortgage Fund shutting down"
DislikedI can feel whats happening over there, in fact the whole world has felt it(the pain). Now it sounds like a morning rhyme in US to me, wonder what else is yet to come until Bush is there.Ignored
DislikedI can feel whats happening over there, in fact the whole world has felt it(the pain). Now it sounds like a morning rhyme in US to me, wonder what else is yet to come until Bush is there.Ignored
DislikedAgree...
But Dow spent two days going up in spite of some funds dropping their shoes. The market didn't care. And I'm talking 5 or 6 funds reporting.
All of a sudden, talks of "another shoe to drop" got back into life. And as I didn't figure out yet if this is pure speculation or if the company's already known, I prefer to stay cautious. CNBC or Bloomberg spread the rumour, but not the whole deal... When confirmation comes, our carries are down some 200 pips already...Ignored