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Cable Update (GBPUSD)

  • #12,621
  • May 11, 2007 5:59am May 11, 2007 5:59am
Quoting BurgerKing
Where did you buy it @?

I want it to go up too so I can short it - NOT because I have a long.

Remember boys, GBPUSD Bull is OFFICIALLY OVER! Dont take Long positions.
I got in 9940, now 9790. I am waiting for today's bad data so that I can get the hell out. Usually I have a stop but this time trapped.
  • #12,622
  • May 11, 2007 6:06am May 11, 2007 6:06am
Quoting wshhmm
I got in 9940, now 9790. I am waiting for today's bad data so that I can get the hell out. Usually I have a stop but this time trapped.
You should have traded wisely with a stop loss to minimize your losses. How high do you think will cable go during and after the bad US numbers today?
  • #12,623
  • May 11, 2007 6:13am May 11, 2007 6:13am
Quoting ashlee_17
You should have traded wisely with a stop loss to minimize your losses. How high do you think will cable go during and after the bad US numbers today?
I expect this pig goes to 9850-70, so i get the hell out and short there.

no more long for me. sigh. feel it should down to 9000. too much bulls on it, bullst.
  • #12,624
  • May 11, 2007 6:18am May 11, 2007 6:18am
Quoting wshhmm
I expect this pig goes to 9850-70, so i get the hell out and short there.

no more long for me. sigh. feel it should down to 9000. too much bulls on it, bullst.
I totally agree with you. However, you should be prepared if the US numbers come in at better than expected.
  • #12,625
  • May 11, 2007 6:29am May 11, 2007 6:29am
Quoting ashlee_17
I totally agree with you. However, you should be prepared if the US numbers come in at better than expected.
Thansk, I set stop at 9765 and also set short there. But I think today's data should have a boost for it. That is hope, which never works.
  • #12,626
  • May 11, 2007 6:47am May 11, 2007 6:47am
I am long cable with a target price @ 1.9930
TRADE LIKE A MACHINE!
  • #12,627
  • May 11, 2007 6:50am May 11, 2007 6:50am
Good Luck


Quoting froland
I am long cable with a target price @ 1.9930
  • #12,628
  • May 11, 2007 7:05am May 11, 2007 7:05am
anyway... i'm long on gbpusd... I think on bad news for US today
  • #12,629
  • May 11, 2007 7:15am May 11, 2007 7:15am
Quoting pablorpl
anyway... i'm long on gbpusd... I think on bad news for US today
From the price action now, I think the number will be cooked well.

What a dirty world.
  • #12,630
  • May 11, 2007 7:36am May 11, 2007 7:36am
waiting.....
  • #12,631
  • May 11, 2007 7:36am May 11, 2007 7:36am
NO price action!!!!
  • #12,632
  • May 11, 2007 7:37am May 11, 2007 7:37am
Market is lacking enthusiasm ahead of the weekend! Euro gains evaporating! I am staying with my short cable position from 1.9770 targetting 1.9650
  • #12,633
  • May 11, 2007 7:41am May 11, 2007 7:41am
i think we will se a hell of movement in next couple hours
  • #12,634
  • May 11, 2007 7:48am May 11, 2007 7:48am
in which directon?
  • #12,635
  • May 11, 2007 7:50am May 11, 2007 7:50am
right...
its just money
  • #12,636
  • May 11, 2007 7:51am May 11, 2007 7:51am
A hell of a movement at the 11am EST fixes!!!
  • #12,637
  • May 11, 2007 7:52am May 11, 2007 7:52am
I think its a difficult call.

Short term trend is down
Med term is sideways
Longer term is up

Additionally we are at the bottom of the recent channel and the market only just broke below it, so it could be a fakeout.

My thought is probably play from the short side but not aggresively.

Verno
  • #12,638
  • May 11, 2007 7:52am May 11, 2007 7:52am
Quoting ratman
i think we will se a hell of movement in next couple hours
in which direction? IUHO
  • #12,639
  • May 11, 2007 7:53am May 11, 2007 7:53am
Quoting ashlee_17
in which directon?
IMHO maybe cable try to climb 1.9850 and stumble back below the support line 1.9750

any comment?? anyone....
  • #12,640
  • May 11, 2007 7:54am May 11, 2007 7:54am
I think up side in favor off gbp , because of foxes in short positions + not so good usd news
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