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Cable Update (GBPUSD)

  • #13,961
  • May 30, 2007 7:03am May 30, 2007 7:03am
Quote
A figure below 75,000 would tend to weaken the dollar while a figure above 150,000 would provide important short-term support for the US currency.

The US currency could gain strong buying support if there is an employment increase above the 200,000 level.

17 mins more to determine this ... good luck guys!!!
  • #13,962
  • May 30, 2007 7:13am May 30, 2007 7:13am
2min to go good luck guys!!! Still holding my short positions
  • #13,963
  • May 30, 2007 7:15am May 30, 2007 7:15am
Quoting PandoraBox
Employment increase above the 200,000 level = 1.9500
not likely...
  • #13,964
  • May 30, 2007 7:20am May 30, 2007 7:20am
97K - red color ... what that mean
  • #13,965
  • May 30, 2007 7:22am May 30, 2007 7:22am
97k below expected 115k but up from last month

This should be slightly bullish in theory for cable but how often does cable do the opposite
  • #13,966
  • May 30, 2007 7:23am May 30, 2007 7:23am
Quoting deboooo2005
97K - red color ... what that mean
RED because lower than forecasted value ... I think. The next question is where cable will go? up or down? if compared to previous value, cable should go down .. theoretically of course.
  • #13,967
  • May 30, 2007 7:25am May 30, 2007 7:25am
Quoting deboooo2005
97K - red color ... what that mean
best post ever. love it.
BAM BAM BOOM! -bravado
  • #13,968
  • May 30, 2007 7:33am May 30, 2007 7:33am
Quoting M@verick
I just move my limit to 1.9700 cable moving faster than expected
Well taking my profit and will wait for another entry point here @ 1.9746
FOREX MY LIFE, MY CURSE....
  • #13,969
  • May 30, 2007 7:34am May 30, 2007 7:34am
cable must touch 1.9775 its resistence level
  • #13,970
  • Edited 7:54am May 30, 2007 7:36am | Edited 7:54am
anyone buying at this point?


real fight going on here
  • #13,971
  • May 30, 2007 7:39am May 30, 2007 7:39am
Quoting Tatton
anyone buying at this point?
not i.
BAM BAM BOOM! -bravado
  • #13,972
  • May 30, 2007 7:52am May 30, 2007 7:52am
Quoting Tatton
anyone buying at this point?
No I'm still short. Cable is slowly moving to it's low of the day. In case the low breaks I think some stops will be triggered. Put my SL at BE, because I want to end + today.
  • #13,973
  • May 30, 2007 8:05am May 30, 2007 8:05am
Waiting FOMC Meeting Minutes

Quoting Tatton
anyone buying at this point?


real fight going on here
  • #13,974
  • May 30, 2007 8:09am May 30, 2007 8:09am
What does BE mean? I am assuming that it means break even. Just another dumb question. I guess that the only reason you would set your stops to BE is to get out of a trade. Myself, I don't play or trade to break even. Why waste my time? I like to win even if it is only for 5 pips in mini account. Thanks!
  • #13,975
  • May 30, 2007 8:09am May 30, 2007 8:09am
Quoting Tatton
anyone buying at this point?


real fight going on here

Yes I M
  • #13,976
  • May 30, 2007 8:13am May 30, 2007 8:13am
i really wanna short this sucker, but 1.9700 seems to be made out of concrete. . . and with this nofarm, i dont think its gonna go thru. it appears im a bit late.
  • #13,977
  • May 30, 2007 8:22am May 30, 2007 8:22am
the run is over..
  • #13,978
  • May 30, 2007 8:23am May 30, 2007 8:23am
Im long at 1.9740
long EUR/USD at1.3420
short USD/CHF 1.2273

These are based on my techy charts only.

Alot will depend on DOW Jones, S&P etc that open in 10 mins. If there is a sustained sell on these markets then cable should drop if not then cable will rise IMO

Obviously I will have small stops
  • #13,979
  • May 30, 2007 8:29am May 30, 2007 8:29am
Quoting bravado
not i.
hello brav,the cable is at 1.9752 at the moment.
in your opinion,do u tink it could still get to 9700.

reply would be appreciated.
  • #13,980
  • May 30, 2007 8:41am May 30, 2007 8:41am
DJIA down about 55 pts in the first few minutes, which is in line with futures,

Quoting el_duende
Im long at 1.9740
long EUR/USD at1.3420
short USD/CHF 1.2273

These are based on my techy charts only.

Alot will depend on DOW Jones, S&P etc that open in 10 mins. If there is a sustained sell on these markets then cable should drop if not then cable will rise IMO

Obviously I will have small stops
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