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Cable Update (GBPUSD)

  • #11,721
  • Edited 3:11am May 1, 2007 2:56am | Edited 3:11am
Quoting deboooo2005
what is this move is moment from 2.0032 to 1.9983
That is just price volatility during the first few minutes of a a Market Open (or about to open).

I have to add that the volatility was magnified by the absense of some players - its Holiday in Europe and the market is "thin".
  • #11,722
  • May 1, 2007 3:11am May 1, 2007 3:11am
This is getting exciting.
Buy or sell
  • #11,723
  • May 1, 2007 3:21am May 1, 2007 3:21am
PMI in 10 mins. Could this release break cable from the "triangle"?
  • #11,724
  • May 1, 2007 3:27am May 1, 2007 3:27am
4mins left -_-!!
which side shall be blessed by forex god?
  • #11,725
  • May 1, 2007 3:37am May 1, 2007 3:37am
PMI out, cable didn't move much..
Any idea where is it going from here?
  • #11,726
  • May 1, 2007 3:41am May 1, 2007 3:41am
haizzzz guess the big boys are waiting for the 6pm reports.
  • #11,727
  • May 1, 2007 3:41am May 1, 2007 3:41am
Quoting ashlee_17
PMI out, cable didn't move much..
Any idea where is it going from here?

I have the same question !
  • #11,728
  • May 1, 2007 3:44am May 1, 2007 3:44am
Quoting m_j_1984
I have the same question !
If we have a forex expert in this forum, he would be ablt to tell us
  • #11,729
  • May 1, 2007 3:46am May 1, 2007 3:46am
Quoting ashlee_17
If we have a forex expert in this forum, he would be ablt to tell us
you are right.
  • #11,730
  • May 1, 2007 3:47am May 1, 2007 3:47am
"there's a time to be long, a time to be short and a time to go fishing." - Jesse Livermore.
  • #11,731
  • May 1, 2007 3:58am May 1, 2007 3:58am
Markets so volatile today.. Got stopped out couple of times. Guess i better stay on the sideline first. Lesson for today.. dont play on a "quiet" market. :
Only giving money to those who have the ability to "swing" the "quiet" market.
  • #11,732
  • May 1, 2007 3:59am May 1, 2007 3:59am
Quoting m_j_1984
I have the same question !
04:53With today a public holiday in most of Europe, the attention of financial markets will be on the US. The key release is the ISM manufacturing report, due at 14:00 GMT.

May be this can help to explain.
  • #11,733
  • May 1, 2007 4:00am May 1, 2007 4:00am
Quoting deboooo2005
Hi alli would like to your opinion about this
Sell Cable 2.0030 or sell Cable 2.0060 which better
I have a Sell Limit outstanding since last week at 2.0063 SL 2.0097 TP 1.9994 Last 2.0017. I also have a new Buy Limit here.
Do not focus on making money; focus on protecting what you have.
  • #11,734
  • May 1, 2007 4:01am May 1, 2007 4:01am
in low liqudity be aware ur broker might be hunting ur stops, they do not need to be sinhronize with other brokers,...once u expirienced that, u never gona place stop in such "holidays" time....
its just money
  • #11,735
  • May 1, 2007 4:04am May 1, 2007 4:04am
the cable going up
  • #11,736
  • May 1, 2007 4:10am May 1, 2007 4:10am
Quoting de123
in low liqudity be aware ur broker might be hunting ur stops, they do not need to be sinhronize with other brokers,...once u expirienced that, u never gona place stop in such "holidays" time....
Thanx.. sure did expensive lessons to learn.
  • #11,737
  • May 1, 2007 4:10am May 1, 2007 4:10am
Short at 2.00199 and my current short position at 1.99712
  • #11,738
  • May 1, 2007 4:21am May 1, 2007 4:21am
Quoting stevetan2010
Short at 2.00199 and my current short position at 1.99712
I don't think this is a good idea..
how low do you expect cable to go today?
  • #11,739
  • May 1, 2007 4:39am May 1, 2007 4:39am
For the UK session, the range is 2.0037 to 1.9988, both extemes being on sharp spikes. If the big guys want to play, then IMO we can expect fake outs around these levels until the US traders arrive in a couple of hours. The ISM data at 10:00 may give it a kick start.
Trading Levels with WRBs
  • #11,740
  • May 1, 2007 4:50am May 1, 2007 4:50am
Quoting ashlee_17
I don't think this is a good idea..
how low do you expect cable to go today?
1.998810
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