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Cable Update (GBPUSD)

  • #12,901
  • May 17, 2007 7:23am May 17, 2007 7:23am
To me it looks like it is failing to truly break that 9760 support that shifted to 9735-45 on tests today. If it holds till London close I am sensing a rebound to 9900 + area.
  • #12,902
  • May 17, 2007 7:24am May 17, 2007 7:24am
you guys didn't hear the begining of the speech, where he says this is gonna be a whole of bullshit im about to tell you but i hope you guys by into it. lol
If I Go Broke Trying Then I Will die happy.
  • #12,903
  • May 17, 2007 7:24am May 17, 2007 7:24am
Now has 3 long members. Anybody else?
Do not focus on making money; focus on protecting what you have.
  • #12,904
  • May 17, 2007 7:27am May 17, 2007 7:27am
Quoting Why Oh Why
Now has 3 long members. Anybody else?
i been long since 9738
If I Go Broke Trying Then I Will die happy.
  • #12,905
  • May 17, 2007 7:29am May 17, 2007 7:29am
Quoting Moe
you guys didn't hear the begining of the speech, where he says this is gonna be a whole of bullshit im about to tell you but i hope you guys by into it. lol
Bernanke said "subprime didn't spillover"

Greenspan said "subprime had "extraordinary surge" and it is supressing the house sector"

Bernanke said "housing is an important part of the economic slowdown, and that further slowing in housing is likely"

Greenspan: "prime market is doing reasonably well, despite some people are holding off buying homes"

Truckload of B.S. to me.
  • #12,906
  • May 17, 2007 7:30am May 17, 2007 7:30am
hey bulls, we must kill the bears

Quoting Why Oh Why
Now has 3 long members. Anybody else?
  • #12,907
  • May 17, 2007 7:33am May 17, 2007 7:33am
Quoting Moe
i been long since 9738
Along with pablorpl and myself.
Do not focus on making money; focus on protecting what you have.
  • #12,908
  • May 17, 2007 7:34am May 17, 2007 7:34am
i'm out at BE... AGAIN

better wait for tomorrow
  • #12,909
  • May 17, 2007 7:35am May 17, 2007 7:35am
I think we may go close to 1.97 and 1.3440 in Euro so im still bearish.
  • #12,910
  • May 17, 2007 7:35am May 17, 2007 7:35am
Quoting stevetan2010
this is bad i took the opposite T_T
Unconfirmed ATM. :surprised
Do not focus on making money; focus on protecting what you have.
  • #12,911
  • May 17, 2007 7:36am May 17, 2007 7:36am
The excesive Greenspan dovish policy is the reason of actual housing problem in US

Quoting cesarnc
Bernanke said "subprime didn't spillover"

Greenspan said "subprime had "extraordinary surge" and it is supressing the house sector"

Bernanke said "housing is an important part of the economic slowdown, and that further slowing in housing is likely"

Greenspan: "prime market is doing reasonably well, despite some people are holding off buying homes"

Truckload of B.S. to me.
  • #12,912
  • May 17, 2007 7:47am May 17, 2007 7:47am
30 min and 1h are getting decent price action for a rebound, but everything else points they are still going down. oh boy! maybe another place to consolidate.
  • #12,913
  • May 17, 2007 7:50am May 17, 2007 7:50am
since 1.30pm been in a range of appox 20 pips could have made some good money trading this range

Confirmed breakout either side is what im looking for now
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  • #12,914
  • May 17, 2007 7:53am May 17, 2007 7:53am
Quoting el_duende
since 1.30pm been in a range of appox 20 pips could have made some good money trading this range
problem is by the time you spot it, it's not worth it anymore...
  • #12,915
  • May 17, 2007 7:57am May 17, 2007 7:57am
I am joining the good people here with Long at 9741
  • #12,916
  • May 17, 2007 8:00am May 17, 2007 8:00am
True but depending on your viewpoint of direction could be helpful

at 1.9738 may be worth an entry if you are bullish with small stop and vice versa bearish at 1.9755 with small stop

if still range bound some easy pips only breakout in opposite direction you are thinking will cost you pips.
  • #12,917
  • May 17, 2007 8:12am May 17, 2007 8:12am
Quoting cesarnc
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
Yields are currently rising
Gold dropping
$ gaining against other currencies
USDX up
Bernanke speech saying subprimes only will have limited effect on markets
DOW and S & P down
Currently in downtrend
GBP/JPY and EUR/JPY look toppish

Still think bearish for cable in near term
  • #12,918
  • May 17, 2007 8:14am May 17, 2007 8:14am
lol well I'm a bull now at 41, 30 min has signs of turning.
  • #12,919
  • May 17, 2007 8:29am May 17, 2007 8:29am
i will jump out my long at 1.9722
If I Go Broke Trying Then I Will die happy.
  • #12,920
  • May 17, 2007 8:31am May 17, 2007 8:31am
we will have a slow front 6 things should get better on the back 6.
If I Go Broke Trying Then I Will die happy.
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