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Cable Update (GBPUSD)

  • #12,861
  • May 17, 2007 3:35am May 17, 2007 3:35am
Quoting gico
Not true , it does always go to the right


So far the wisest thing written here @ FF!!! LOL!!!
  • #12,862
  • May 17, 2007 4:57am May 17, 2007 4:57am
Cable has retraced quite a bit I am selling at 1.9775 and selling euro at 1.3516
  • #12,863
  • May 17, 2007 5:10am May 17, 2007 5:10am
nice little pin bar off 741 tuesdays s2 on 1h chart, not really sure what to make of it though. Still waiting for fundies, I think the news will be good, but I'm not willing to bet on it.
  • #12,864
  • May 17, 2007 5:13am May 17, 2007 5:13am
Bernanke and Greenspan talking today...

That means dollar up... no down... I mean, yes up... ooops... hmmm.., no definitely down... WFT??? UP???

  • #12,865
  • May 17, 2007 5:16am May 17, 2007 5:16am
Looking at charts we can see both on GBP we see a mid trendline and Euro coming close to top trend channel. This could be a good time to sell.

If news is not overly bad for $ at 1.30 trends should continue. This includes speeches by greenspan and bernanke.

I believe it is worth the trade on Euro especially.

I am targeting around 1.9725 area in cable and 1.3480 - 1.3450 in Euro
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp trend.jpg Size: 51 KB
Click to Enlarge Name: eur trend.jpg Size: 46 KB
  • #12,866
  • May 17, 2007 5:19am May 17, 2007 5:19am
Quoting cesarnc
Bernanke and Greenspan talking today...

That means dollar up... no down... I mean, yes up... ooops... hmmm.., no definitely down... WFT??? UP???

LOL.

I guess its a tag o war betwen Ben and Greenspan.
  • #12,867
  • May 17, 2007 5:20am May 17, 2007 5:20am
This may be the bottom and GU shall ride up again after news
Give me patience
  • #12,868
  • May 17, 2007 5:33am May 17, 2007 5:33am
Unemployment claims better than expected for $. Nice bonus for my bearish view.
  • #12,869
  • May 17, 2007 5:42am May 17, 2007 5:42am
Quoting el_duende
Unemployment claims better than expected for $. Nice bonus for my bearish view.
08:36 US 10 year Treasury yields are testing slightly through important trendline resistance at 4.73 %. A sustained break would see yields move up to 4.78-4.80 initially, adding further support to USD
  • #12,870
  • May 17, 2007 5:49am May 17, 2007 5:49am
Quoting cesarnc
Bernanke and Greenspan talking today...

That means dollar up... no down... I mean, yes up... ooops... hmmm.., no definitely down... WFT??? UP???

Lol this is Crazy market no1 know up or down
  • #12,871
  • May 17, 2007 6:02am May 17, 2007 6:02am
Quoting cesarnc
Bernanke and Greenspan talking today...

That means dollar up... no down... I mean, yes up... ooops... hmmm.., no definitely down... WFT??? UP???

Lol so true, so what us dollar down next with green then up with bern? Leaving gbp/usd probably right back where we started, lol
  • #12,872
  • May 17, 2007 6:07am May 17, 2007 6:07am
Quoting shadeslay
Lol so true, so what us dollar down next with green then up with bern? Leaving gbp/usd probably right back where we started, lol
what a funny week.
If I Go Broke Trying Then I Will die happy.
  • #12,873
  • May 17, 2007 6:12am May 17, 2007 6:12am
Quoting Moe
what a funny week.
Let's face it... World went nuts after that Golden Week crap....
  • #12,874
  • May 17, 2007 6:16am May 17, 2007 6:16am
anyone buying the cable? short term retrace
  • #12,875
  • May 17, 2007 6:18am May 17, 2007 6:18am
well, i'm taking back what I said, cable going down today as well as yesterday, so finally 2 days in the same direction!

another thing: cables daily range is sucking! 20 day daily range at 107 pips! Never seen it so low!

Come on cable, move it!
  • #12,876
  • May 17, 2007 6:21am May 17, 2007 6:21am
Quoting Tatton
anyone buying the cable? short term retrace
Cable is a sure long to me.

SO.... I went short... already 20 pips up...



Learned that strategy in the last days...
  • #12,877
  • May 17, 2007 6:23am May 17, 2007 6:23am
I'm shorting the cable....downtrend just behind the door...

Quoting camisa
well, i'm taking back what I said, cable going down today as well as yesterday, so finally 2 days in the same direction!

another thing: cables daily range is sucking! 20 day daily range at 107 pips! Never seen it so low!

Come on cable, move it!
  • #12,878
  • May 17, 2007 6:24am May 17, 2007 6:24am
i was short at 9779 then that spike to 9790 got me out at BE and I shorted again at 9755
  • #12,879
  • May 17, 2007 6:25am May 17, 2007 6:25am
First time i hear from you....you short the cable...

Quoting cesarnc
Cable is a sure long to me.

SO.... I went short... already 20 pips up...



Learned that strategy in the last days...
  • #12,880
  • May 17, 2007 6:27am May 17, 2007 6:27am
I short it at 1.9772.....huge drop occur at 1.9761....target to take TP at 1.9657

Quoting camisa
i was short at 9779 then that spike to 9790 got me out at BE and I shorted again at 9755
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