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Cable Update (GBPUSD)

  • #12,721
  • May 15, 2007 3:28am May 15, 2007 3:28am
my guess is cable goes to 9836 before retracing. lets see the data though.
  • #12,722
  • May 15, 2007 3:34am May 15, 2007 3:34am
yea, hmmm, so any comments on numbers, well i suppose US CPI could be the mover today
  • #12,723
  • May 15, 2007 3:50am May 15, 2007 3:50am
yup dropped straight down but held above last weeks lows. could hold there til us data i spose. nap time. hmm did i speak too soon again ! ? lol
  • #12,724
  • May 15, 2007 3:53am May 15, 2007 3:53am
Looking for the short, but waiting for a break of this 60/70 area.

9858 May 10 Ret Hi
9853 Fib 9999 / 9762 38.2
9849 SBR Strong
9846 May 11 Hi
9845/65 Offers
9845 May 14 Hi
9841 May 10 Ret Hi

9830 Offers Ahead Off
9826 Sess Hi
9822 May 14 Intra Hi
9818 May 14 Intra Hi

9781/89 SBR Strong





9770 May 10 Lo
9769 Fib 9183 / 20132 38.2
9765/80 Bids
9762 May 11 Lo
9750 Bids + Stops

9724 Apr 12 Lo

9658 Fib 9183 / 20132 50.0

9612 Apr 10 Lo
  • #12,725
  • May 15, 2007 3:54am May 15, 2007 3:54am
well if 60 - 50 breaks then it is definetly sell
  • #12,726
  • May 15, 2007 4:13am May 15, 2007 4:13am
Quoting wshhmm
lol, might the bird can understand the trading situation in the chicago exchange.
if we did not hear any sounds from birds this mean ur friend birds has liq from maket loool
  • #12,727
  • May 15, 2007 4:42am May 15, 2007 4:42am
I guess that's about it for the hour. 9760. Which is great since I was shorting it from 9832. Still have two positions open with stops at BE after taking profit on two more positions so I guess I'll wait for the US news. Mu guess is we are further down but I would really like to see the break of 9730 to add more shorts.
  • #12,728
  • Edited 4:47am May 15, 2007 4:45am | Edited 4:47am
Now 50 pips adrift for 5. Last 1.9765. Well done x3m.
Do not focus on making money; focus on protecting what you have.
  • #12,729
  • May 15, 2007 7:29am May 15, 2007 7:29am
if we must talk like birds,....Will PM Gordon fly from Iraq like a BIRD?...
its just money
  • #12,730
  • May 15, 2007 8:24am May 15, 2007 8:24am
Oh dear this is my worst trading day to date! I tried trading news today and got it wrong perfectly! Last time I gamble.

What are peoples views on the news today?
  • #12,731
  • May 15, 2007 8:41am May 15, 2007 8:41am
Quoting x3m
I guess that's about it for the hour. 9760. Which is great since I was shorting it from 9832. Still have two positions open with stops at BE after taking profit on two more positions so I guess I'll wait for the US news. Mu guess is we are further down but I would really like to see the break of 9730 to add more shorts.
Two positions that I kept almost hit SL at BE on the news spike up, so after the decline to 9760 I closed them too and took profit. I am out of the game for today. It is very unclear to me what is next. I am seeing a nurvous price action so I guess it should decide the direction for GBP by tomorrow's London close. There are quick pips on the table at that chaos but I would prefer to wait till it forms a trend in one of the directions.
  • #12,732
  • May 15, 2007 8:48am May 15, 2007 8:48am
Quoting el_duende
Oh dear this is my worst trading day to date! I tried trading news today and got it wrong perfectly! Last time I gamble.

What are peoples views on the news today?
Traders saw previous data (whipsaw)
  • #12,733
  • May 15, 2007 9:13am May 15, 2007 9:13am
Quoting el_duende
Oh dear this is my worst trading day to date! I tried trading news today and got it wrong perfectly! Last time I gamble.

What are peoples views on the news today?
You say "last time I gamble". Then ask for peoples opinion on the news ????

I've been trading over 12 years now and gave up news-related trading long go.

About the only way to trade the news profitabilly is to know the news in advance. Have you tried to talking to the birds in Chicago?
  • #12,734
  • May 15, 2007 9:24am May 15, 2007 9:24am
Yes it is last time I gamble, ive tried pre empting news and have lost both times. I won't make that mistake again.

Why not ask peoples views on news. I would have thought news results would help the overall picture for direction of cable.
  • #12,735
  • May 15, 2007 9:30am May 15, 2007 9:30am
Anyone selling cable??
  • #12,736
  • May 15, 2007 10:02am May 15, 2007 10:02am
Quoting el_duende
What are peoples views on the news today?
The clever money knew it was going to be worse. Noted 5 minutes before release here. The upward momentum took a while to correct itself after profit taking. Sorry for you el_duende.
Do not focus on making money; focus on protecting what you have.
  • #12,737
  • May 15, 2007 10:05am May 15, 2007 10:05am
Quoting Why Oh Why
Now 50 pips adrift for 5. Last 1.9765. Well done x3m.
All in profit with more added here at 1.9750.
Do not focus on making money; focus on protecting what you have.
  • #12,738
  • May 15, 2007 10:26am May 15, 2007 10:26am
Quoting Why Oh Why
The clever money knew it was going to be worse. Noted 5 minutes before release here. The upward momentum took a while to correct itself after profit taking. Sorry for you el_duende.

If that is so, then why did it take till 1025am for it to get above 1.9793 level from 835am. Once it did breakout, it moved higher. It only pulled back 10 pips when it reach the previous 1.9793 area.
  • #12,739
  • May 15, 2007 10:52am May 15, 2007 10:52am
Quoting SunTrader
If that is so, then why did it take till 1025am for it to get above 1.9793 level from 835am. Once it did breakout, it moved higher. It only pulled back 10 pips when it reach the previous 1.9793 area.
Make of it what you will SunTrader. You're in the disagree with Why camp - join the majority here. Sir, have a great day. :
Do not focus on making money; focus on protecting what you have.
  • #12,740
  • May 15, 2007 10:58am May 15, 2007 10:58am

selling cable massively shooting for big down over next several weeks.

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