Walk the Talk from a fun loving discretionary trader 46 replies
You talk the talk I walk the talk 8 replies
DislikedI'm looking for the next 1,000 pips cable is going to spree. I hope the weekly trendline holds and Bernanke cut 75 so we will have a beer together at 2.13Ignored
DislikedI'm looking for the next 1,000 pips cable is going to spree. I hope the weekly trendline holds and Bernanke cut 75 so we will have a beer together at 2.13Ignored
DislikedSo you think there is a chance they might raise it ??? Heck... everyones got a different direction in mind... !!! And today being a very strange day... I am personally thinking the ADP number was pulled right out of a hat.... someone is picking numbers to make things happen... like maybe now big players want $$$ stronger... so they just pick a nice number out of the hat... !!! Got to be very careful tomorrow... and no retrace today on lots of pairs... signs of things going to pop some more pretty quick...Ignored
DislikedTook a quick look in on the old Cable Update thread, saw at least 4 posts during the trading day of longs being initiated while GBP was still dropping.
Of course there will be some kind of retrace, especially if enough traders are positioned wrong before announcement, but anyone going long now is trying to be the hero. No thanks.Ignored
DislikedTook a quick look in on the old Cable Update thread, saw at least 4 posts during the trading day of longs being initiated while GBP was still dropping.
Of course there will be some kind of retrace, especially if enough traders are positioned wrong before announcement, but anyone going long now is trying to be the hero. No thanks.Ignored
DislikedIt's going to take a lot more than a 25 point rate cut to break the weekly trendline going back to July 06, especially since the Fed will cut rates next week and there is probably much more US weak data to come.Ignored
DislikedThe only thing is if the BOE does cut, well then everyone might start to believe that they will follow the Fed down with each of the Fed's subsequent cuts. If this were to turn out to be the case then there is no advantage holding GBP over maybe I don't know EUR or something else. Either way I think it would mean further weakness.
I show weekly trendline coming in around 2.01xx Is that what you have?Ignored
Quoting MoeDislikedthey started going long at 400 and 350, most lost that battle.Ignored
DislikedBig day today... Finally to end our speculative rush here...
And cable already down.. Looks like the no-change will be the surprising action from BOE right now .
So my bet is on yet?Ignored