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Cable Update (GBPUSD)

  • #14,121
  • Jun 1, 2007 7:29am Jun 1, 2007 7:29am
the cable so bad wants to run up that even the NFP isn't going to effect it, this is going to be fun !!
“Past performance is not indicative of future results”
  • #14,122
  • Jun 1, 2007 7:37am Jun 1, 2007 7:37am
looks like a Squid to me !
“Past performance is not indicative of future results”
  • #14,123
  • Jun 1, 2007 7:38am Jun 1, 2007 7:38am
157k jbr 4.5%
USD Est Non Mortuus
  • #14,124
  • Jun 1, 2007 7:40am Jun 1, 2007 7:40am
Overall Mixed data...

Being traded as USD-negative as a whole, Uj exeption... That is the worst NFP ever for the worst week ever...
  • #14,125
  • Jun 1, 2007 7:41am Jun 1, 2007 7:41am
Quoting cesarnc
Overall Mixed data...

Being traded as USD-negative as a whole, Uj exeption... That is the worst NFP ever for the worst week ever...
correction - overall it is the worst data for the year!
  • #14,126
  • Jun 1, 2007 7:43am Jun 1, 2007 7:43am
$ positive news and we saw a drop in cable but then it spiked right up (happened across the board as well)?

Im persuming this was to take out stops. Took a few of mine out even after good news, unbelievable

We should see cable drop now as fundamentals, techies and 4 hour downtrend all agree at last in direction!

edit looking at above posts seems my fundamental readings are crap again lol
  • #14,127
  • Jun 1, 2007 7:45am Jun 1, 2007 7:45am
that is time to short the cable - first target 9740
  • #14,128
  • Jun 1, 2007 7:46am Jun 1, 2007 7:46am
Quoting cesarnc
Overall Mixed data...

Being traded as USD-negative as a whole, Uj exeption... That is the worst NFP ever for the worst week ever...
your so right Cesarnc,
I think the positive NFP was offset by the other releases.
the 10:00am releases might do more, but even that might
be positive for the Cable in my mind. the Cable still wants to run North !!
“Past performance is not indicative of future results”
  • #14,129
  • Jun 1, 2007 7:47am Jun 1, 2007 7:47am
Quoting cesarnc
Overall Mixed data...

Being traded as USD-negative as a whole, Uj exeption... That is the worst NFP ever for the worst week ever...
Why worst NFP? I thought it was a good number for $ positive?
  • #14,130
  • Jun 1, 2007 7:47am Jun 1, 2007 7:47am
[quote=el_duende;1456021

We should see cable drop now as fundamentals, techies and 4 hour downtrend all agree at last in direction!

[/quote]

No, there were other datas coming out with NFP. Each one poiting in a different direction...
  • #14,131
  • Jun 1, 2007 7:50am Jun 1, 2007 7:50am
Quoting cesarnc
No, there were other datas coming out with NFP. Each one poiting in a different direction...

Sure others came out but I thought this would be $ positive overall? ie more chance of rate hike than a rate cut
  • #14,132
  • Jun 1, 2007 7:50am Jun 1, 2007 7:50am
Quoting el_duende
Why worst NFP? I thought it was a good number for $ positive?
worst in market reaction... However, the previous was revised to 80K (from 88K). NFP's revision also weight in this data
  • #14,133
  • Jun 1, 2007 7:55am Jun 1, 2007 7:55am
NFP has officially lost its #1 position as market mover. Greenspan mumbo jumbo still rules!!
  • #14,134
  • Jun 1, 2007 7:59am Jun 1, 2007 7:59am
Dow and S&P futures have shot up on the news, may be good for carries which may be bullish for cable.

Any one else confused as my trades are shorting GBP/USD and generally for $ strength?
  • #14,135
  • Jun 1, 2007 8:03am Jun 1, 2007 8:03am
Quoting el_duende
Dow and S&P futures have shot up on the news, may be good for carries which may be bullish for cable.

Any one else confused as my trades are shorting GBP/USD and generally for $ strength?
This NFP was so creepy, that I was long UJ and Short USDCAD and they both increased the profit.

  • #14,136
  • Jun 1, 2007 8:03am Jun 1, 2007 8:03am
nothing happened.
i'd suggest we all wait for a stinking rumor today (like, an american dog has been bitten by an brittish cat... that's a clear sign of usd weakness isn't it) that will trigger a massive usd sell off. that's more important than NFP, no doubts.
Nihil Sine Deo.
  • #14,137
  • Jun 1, 2007 8:06am Jun 1, 2007 8:06am
30 minutes after NFP and daily range is still 49 pips

man, they've ruined cable

i'm out until monday
  • #14,138
  • Jun 1, 2007 8:09am Jun 1, 2007 8:09am
To think I actually cheered loudly in my front room when NFP 157K appeared on the TV

At breakeven in pretty much all my trades now, I thought I would be £££'s in.
  • #14,139
  • Jun 1, 2007 8:12am Jun 1, 2007 8:12am
Quoting camisa
30 minutes after NFP and daily range is still 49 pips

man, they've ruined cable

i'm out until monday

http://images.starpulse.com/Photos/P...ark-tv-b71.jpg
"Oh my God!!! They killed Cable! "
  • #14,140
  • Jun 1, 2007 8:13am Jun 1, 2007 8:13am
This is what funny "Fundies" are about! The Masters have a rule...leave them to it and virgins stay out!
I am staying Short... in for the penny, in for the pound....brrrrr!
CSizzler***
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