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Cable Update (GBPUSD)

  • #14,721
  • Jun 12, 2007 3:44am Jun 12, 2007 3:44am
are we going below 97?! im positioned for a yes right now .. :S
  • #14,722
  • Jun 12, 2007 3:48am Jun 12, 2007 3:48am
Quoting cesarnc
Good luck
anyone still long? i just opened one on 19706?

2.5% maybe gives GBP a bit room for a smooth rebounce? anyway, in lnear term, i think USD still strong
  • #14,723
  • Jun 12, 2007 3:51am Jun 12, 2007 3:51am
manage to survive with minimum damage.. thank god it can reach the middle BB first before news.. but still got some losses.
  • #14,724
  • Jun 12, 2007 3:52am Jun 12, 2007 3:52am
I went short 9716, TP 3/4 already.... SL at B/E right now... Data came out mixed, but the 2.5% CPI is not encouraging for another hike in the short term, imo....

As cable is at the top of its downwards channel, everything is pointing down right now...
  • #14,725
  • Jun 12, 2007 3:55am Jun 12, 2007 3:55am
i agree with u, but dont see the how fast the down will be?
  • #14,726
  • Jun 12, 2007 3:58am Jun 12, 2007 3:58am
After the 2.5% lower than expected CPI. Cable may test the 96.25 within NY fix

==============================
  • #14,727
  • Jun 12, 2007 3:59am Jun 12, 2007 3:59am
Quoting winwise
i agree with u, but dont see the how fast the down will be?
yes.. tricky move... party is over for me.... last lot stopped out at B/E.... Expected more out of this data, but who knows...
  • #14,728
  • Jun 12, 2007 3:59am Jun 12, 2007 3:59am
Quoting winwise
anyone still long? i just opened one on 19706?

2.5% maybe gives GBP a bit room for a smooth rebounce? anyway, in lnear term, i think USD still strong
No.. cut out all my longs even in loss position. waiting for it to ret back to 1.9710ish before jump short.
  • #14,729
  • Jun 12, 2007 4:00am Jun 12, 2007 4:00am
I went short from 9719. Hoping to break down 9700. If that happens we may be going closer to 9600 and below.

As I was writing this, I am seeing a strong rebound back to 9719 which signals a strong support at 9700. Hmmm...
  • #14,730
  • Jun 12, 2007 4:00am Jun 12, 2007 4:00am
close my long for 9pips....fuck
  • #14,731
  • Jun 12, 2007 4:03am Jun 12, 2007 4:03am
Quoting winwise
close my long for 9pips....fuck
Close my short for 3 pips

I'm done with cable untill tomorrow.

Have a nice day everyone
No Brain, no Gain.
  • #14,732
  • Jun 12, 2007 4:09am Jun 12, 2007 4:09am
can someone tell me on the latest UK data release. What will be the impact on GU in short term?

Will it be at 9600-9700 area for this whole week ?
  • #14,733
  • Jun 12, 2007 4:10am Jun 12, 2007 4:10am
It bounced of the weekly 38 fib with the news
Attached Image
  • #14,734
  • Jun 12, 2007 4:10am Jun 12, 2007 4:10am
good day,

In my opinion it is up for cable, data came out from blender, but stil slyghtly positive, atleast not negative. if CPI would be below 2.5 i think much more big fishes would trie to make a killing on cable, now cable could continue to move in its little range---> up
  • #14,735
  • Jun 12, 2007 4:11am Jun 12, 2007 4:11am
Last 8 weeks it has a weekly high Tuesday or Wendesday
Attached Image
  • #14,736
  • Jun 12, 2007 4:12am Jun 12, 2007 4:12am
I agree with Ratman !!!!
For he that would be deceived, let him.
  • #14,737
  • Jun 12, 2007 4:20am Jun 12, 2007 4:20am
agree!!

UK core CPI was 1.9 vs 1.8E and trade balance was very good

Quoting ratman
good day,

In my opinion it is up for cable, data came out from blender, but stil slyghtly positive, atleast not negative. if CPI would be below 2.5 i think much more big fishes would trie to make a killing on cable, now cable could continue to move in its little range---> up
  • #14,738
  • Jun 12, 2007 4:23am Jun 12, 2007 4:23am
The pink line is the daily average range (DAR) for 2007 and the yellow line shows the (DAR) for the past 20 days
Attached Image
  • #14,739
  • Jun 12, 2007 4:24am Jun 12, 2007 4:24am
DAR
Attached Image
  • #14,740
  • Jun 12, 2007 4:25am Jun 12, 2007 4:25am
Range of motion (ROM) for the gbpusd this year
Attached Image (click to enlarge)
Click to Enlarge Name: GbpUsd Daily Range.jpg Size: 27 KB
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