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Cable Update (GBPUSD)

  • #13,021
  • May 18, 2007 3:43am May 18, 2007 3:43am
Quoting Tatton
anyone selling at this point?
Took a small short position at the break of 1.9723 tagetting 1.9650
  • #13,022
  • May 18, 2007 3:45am May 18, 2007 3:45am
Moe,

Is that a limit order?
  • #13,023
  • May 18, 2007 3:45am May 18, 2007 3:45am
Quoting Moe
im long 1.9719

long 1.9721
“Past performance is not indicative of future results”
  • #13,024
  • May 18, 2007 3:46am May 18, 2007 3:46am
Quoting london
Moe,

Is that a limit order?
im in at that price.
If I Go Broke Trying Then I Will die happy.
  • #13,025
  • May 18, 2007 3:47am May 18, 2007 3:47am
Moe,

You hedging or letting ride??
  • #13,026
  • May 18, 2007 3:48am May 18, 2007 3:48am
Quoting Moe
im in at that price.
I see it retracing all day back up to the 9760 area possibly .
anyone else think so ?
“Past performance is not indicative of future results”
  • #13,027
  • May 18, 2007 3:50am May 18, 2007 3:50am
Quoting london
Moe,

You hedging or letting ride??
im was long earlier at 9738 jump out right before the news at 9768 then i jump back in ima let this ride till u.s. open.
If I Go Broke Trying Then I Will die happy.
  • #13,028
  • May 18, 2007 3:54am May 18, 2007 3:54am
Quoting gobigo12
I see it retracing all day back up to the 9760 area possibly .
anyone else think so ?
sounds good and i hope so but who know where this thing is going from here, i will be looking at a sell if everthing goes right from here to u.s. open, if so i will be selling right before u.s. news comes out.
If I Go Broke Trying Then I Will die happy.
  • #13,029
  • May 18, 2007 3:55am May 18, 2007 3:55am
Not sure where we are going, the pound was strong but Retail sales poor, trouble is alot of longs are now trapped !!! depends on the US results!! I dont think we are going anywhere fast at present.......
  • #13,030
  • May 18, 2007 3:59am May 18, 2007 3:59am
Quoting london
Not sure where we are going, the pound was strong but Retail sales poor, trouble is alot of longs are now trapped !!! depends on the US results!! I dont think we are going anywhere fast at present.......
Just from now the US index futures are strong, that means US news should not bad at least.
  • #13,031
  • May 18, 2007 3:59am May 18, 2007 3:59am
all my shorts now closed at TP.

I have placed sell orders at 1.9740, 1.9750 and 1.9760 hoping to catch a bull retrace before another drop. Not sure this will happen though now.

That retail number came as quite a shock.

selling euro may be better at the moment at 1.3500 / 1.3520 level
  • #13,032
  • May 18, 2007 3:59am May 18, 2007 3:59am
Quoting london
Not sure where we are going, the pound was strong but Retail sales poor, trouble is alot of longs are now trapped !!! depends on the US results!! I dont think we are going anywhere fast at present.......
i hope i don't get trap at 9719 i will set my s/l at 9689 this will break me even on my earlier trade then i will call it a week. don't have time to be fooling around with cable all day, this whole week my cable been acting funny, no very clear direction this week.
If I Go Broke Trying Then I Will die happy.
  • #13,033
  • May 18, 2007 4:00am May 18, 2007 4:00am
Resistance now @ 1.9730 followed by an obstacles at 1.9750, and a minor support @ 1.9710 which can be broken
  • #13,034
  • May 18, 2007 4:01am May 18, 2007 4:01am
Yes but it's globex at present and I want the news to be bad so the $ falls!
  • #13,035
  • May 18, 2007 4:05am May 18, 2007 4:05am
Quoting london
Yes but it's globex at present and I want the news to be bad so the $ falls!
lets hope so, eur has not drop that much lets hope the pound recover
If I Go Broke Trying Then I Will die happy.
  • #13,036
  • May 18, 2007 4:07am May 18, 2007 4:07am
Stops for cable are below 1.9680. Immidiate support for GBP/USD is now at 1.9690.
  • #13,037
  • May 18, 2007 4:07am May 18, 2007 4:07am
And the £ got stronger after the news against the CHF...
  • #13,038
  • May 18, 2007 4:13am May 18, 2007 4:13am
man some downside shock on that one. youre right eur has held reasonably well even though through .3500 for the moment but it could just be lagging... dont know how big of a swinger the us consumer sent. will be later but cable looks to be down for the week as a whole.
  • #13,039
  • May 18, 2007 4:15am May 18, 2007 4:15am
EMAs spread on 5 min chart still very strong for shorting trend continuation.
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  • #13,040
  • May 18, 2007 4:28am May 18, 2007 4:28am
Hi


could GBPUSD reach 1.9670 or you think it will go up ?
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