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Cable Update (GBPUSD)

  • #13,001
  • May 18, 2007 2:53am May 18, 2007 2:53am
just did a nice little run up from 9740 to 9770

hope it continues higher. I'm long from (9746 & 9773)


have 2 shorts in for the USD/CAD also at 0976 & 0977
“Past performance is not indicative of future results”
  • #13,002
  • May 18, 2007 2:58am May 18, 2007 2:58am
This down channel (moveable feast) is at highest resistance now. A sustained breakout should mean the bulls are back and my smart money theory yet another failed assessment....

JM2C
  • #13,003
  • May 18, 2007 3:00am May 18, 2007 3:00am
Forgot the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: trendchannel.jpg Size: 45 KB
  • #13,004
  • May 18, 2007 3:16am May 18, 2007 3:16am
Quoting goonergonebad
This down channel (moveable feast) is at highest resistance now. A sustained breakout should mean the bulls are back and my smart money theory yet another failed assessment....

JM2C
I hope she goes up to 9860 !!
“Past performance is not indicative of future results”
  • #13,005
  • May 18, 2007 3:17am May 18, 2007 3:17am
Worth keeping in mind there is a theme on a Friday when there is little or no US data risk, and EURUSD close to its range lows, well known Asian central bank/banks have a tendency to ramp it higher triggering the model funds to reverse any usd buying they may have done during the wee. Given the lack conviction to the downside, this is perfect for them to set the market up again......
If I Go Broke Trying Then I Will die happy.
  • #13,006
  • May 18, 2007 3:19am May 18, 2007 3:19am
Quoting Moe
Worth keeping in mind there is a theme on a Friday when there is little or no US data risk, and EURUSD close to its range lows, well known Asian central bank/banks have a tendency to ramp it higher triggering the model funds to reverse any usd buying they may have done during the wee. Given the lack conviction to the downside, this is perfect for them to set the market up again......
Nice talking. i think it is just a rebounce for GU. I am not sure for Eu.
  • #13,007
  • May 18, 2007 3:23am May 18, 2007 3:23am
Unless the retail sales are very bad (which I doubt, considering it is always packed when I go shopping, although Debenhams dept store had a big sale yesterday which is quite strange!) The market is positioned to buy £.
  • #13,008
  • May 18, 2007 3:23am May 18, 2007 3:23am
well retails sales are forecasted a little higher than previous.
so hope it continues higher in about 7 mins.
“Past performance is not indicative of future results”
  • #13,009
  • May 18, 2007 3:25am May 18, 2007 3:25am
Strange £ is stronger against $ but getting weaker against CHF..some hedging I think...
  • #13,010
  • May 18, 2007 3:29am May 18, 2007 3:29am
Time to get Busy.....BRB lol


holy crrrraaaap, that was a spike!
“Past performance is not indicative of future results”
  • #13,011
  • May 18, 2007 3:31am May 18, 2007 3:31am
LOUSY reading... -0.1%...

Damn, I was so expecting this Retail Sales to provide the boost.

I mean up...

Off Cable, yet...

Previous revised up, just to make thing worse here. hehehe
  • #13,012
  • May 18, 2007 3:32am May 18, 2007 3:32am
What the hel just shot past me !!!
  • #13,013
  • May 18, 2007 3:33am May 18, 2007 3:33am
whomever forecasts this stuff should be dragged
out back and beaten with a candlestick !!
“Past performance is not indicative of future results”
  • #13,014
  • May 18, 2007 3:34am May 18, 2007 3:34am
pending sell hit. t/p hit . now its just to decide if im to re-open a short or call it a night till the US opens

anyone openinmg shorts at this time?
  • #13,015
  • May 18, 2007 3:34am May 18, 2007 3:34am
Quoting london
Unless the retail sales are very bad (which I doubt, considering it is always packed when I go shopping, although Debenhams dept store had a big sale yesterday which is quite strange!) The market is positioned to buy £.
Good old Debenhams dept store.
  • #13,016
  • May 18, 2007 3:35am May 18, 2007 3:35am
have to wait now for the USD Consumer Sentiment to possibly help it head back up.
“Past performance is not indicative of future results”
  • #13,017
  • May 18, 2007 3:36am May 18, 2007 3:36am
Anyone going long??
  • #13,018
  • May 18, 2007 3:37am May 18, 2007 3:37am
Quoting london
Anyone going long??
As i said, small rebounce. I am thinking to load short here.
  • #13,019
  • May 18, 2007 3:40am May 18, 2007 3:40am
Quoting wshhmm
As i said, small rebounce. I am thinking to load short here.
anyone selling at this point?
  • #13,020
  • May 18, 2007 3:41am May 18, 2007 3:41am
Quoting london
Anyone going long??
im long 1.9719
If I Go Broke Trying Then I Will die happy.
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