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Cable Update (GBPUSD)

  • #14,801
  • Jun 12, 2007 1:51pm Jun 12, 2007 1:51pm
Quoting Plutonite
..rest is on God.

..Last week tons of people made lots of cash..
don't know much about god. but last week was a stunner.

40%.
BAM BAM BOOM! -bravado
  • #14,802
  • Jun 12, 2007 2:07pm Jun 12, 2007 2:07pm
i'm still very short, do i will receive a margin call? Ppp
  • #14,803
  • Jun 12, 2007 2:10pm Jun 12, 2007 2:10pm
its good time to buy E/U better then G/U
  • #14,804
  • Jun 12, 2007 3:09pm Jun 12, 2007 3:09pm
it's probably because big guys are positioning themselves for tomorrow's news.
since everyone seems to be trading cable these days, it makes sense for them to make this pair as weird as possible - because that's how it is, lately, and that's how they make money.
how about 2.0015 by friday? that would make a lot of sense, wouldn't it?

Quoting zamans98
Some strange move out of nowhere. Just cannot understand as to why.
Someone is repairing the cable and did it fast...
Nihil Sine Deo.
  • #14,805
  • Jun 12, 2007 3:15pm Jun 12, 2007 3:15pm
i don't understand, do you think it will go up tomorrow or down?
  • #14,806
  • Jun 12, 2007 3:23pm Jun 12, 2007 3:23pm
Quoting tunera
i don't understand, do you think it will go up tomorrow or down?
One thing is for sure, no one knows 100% where it will go so lets start thinking about probabilities...

A
  • #14,807
  • Jun 12, 2007 3:26pm Jun 12, 2007 3:26pm
2.0015 was a joke. i think it will go down, BUT... be very careful. don't go with what you think, go with what you see. i don't know how much it'll continue to climb.
i moved my stop loss for this long at 1.9735; if it's hit, i'll wait for another long at 1.9786 or i'll consider a short.

Quoting tunera
i don't understand, do you think it will go up tomorrow or down?
Nihil Sine Deo.
  • #14,808
  • Jun 12, 2007 3:30pm Jun 12, 2007 3:30pm
Just look also at weekly charts, we are near a very important support trendline, the downmove of the last days has stopped exactly at the trendline, this give more sense to that one, i'm not sure if it will go down (i was short looking to scalp 5 pips, and get catched by the upmove of today, unluck!), anyway what i think is that if the cable broke the trendline maybe the move will be very big! will see what happen
  • #14,809
  • Jun 12, 2007 3:34pm Jun 12, 2007 3:34pm
Quoting Scrat
it's probably because big guys are positioning themselves for tomorrow's news.
since everyone seems to be trading cable these days, it makes sense for them to make this pair as weird as possible - because that's how it is, lately, and that's how they make money.
how about 2.0015 by friday? that would make a lot of sense, wouldn't it?
Since it couldn't reach the 1.9646 since the begining of this week till now, which it is the 1st level of the lows for this week, so it might go up more further, the key for the upper levels is 1.9868, if broken

Currently I'm short @ 1.9780 and will close the trade by the end of the US session @ current price
  • #14,810
  • Jun 12, 2007 3:35pm Jun 12, 2007 3:35pm
Quoting Scrat
2.0015 was a joke. i think it will go down, BUT... be very careful. don't go with what you think, go with what you see. i don't know how much it'll continue to climb.
i moved my stop loss for this long at 1.9735; if it's hit, i'll wait for another long at 1.9786 or i'll consider a short.
I have internet access for a while so I'm intra trading too, out 1 hour ago, will jump back in once the correction is over. Positive news could very well send us to 1.9900 by end of week.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #14,811
  • Jun 12, 2007 3:57pm Jun 12, 2007 3:57pm
I am long cable with a price target @ 1.9900
TRADE LIKE A MACHINE!
  • #14,812
  • Jun 12, 2007 4:07pm Jun 12, 2007 4:07pm
Quoting froland
I am long cable with a price target @ 1.9900
your tp baffles me. 9900.
BAM BAM BOOM! -bravado
  • #14,813
  • Jun 12, 2007 4:09pm Jun 12, 2007 4:09pm
Quoting froland
I am long cable with a price target @ 1.9900
oh. i see it.
BAM BAM BOOM! -bravado
  • #14,814
  • Jun 12, 2007 4:12pm Jun 12, 2007 4:12pm
I won't go long except if 1.9868 is broken, but why don't we all go long to reach 1000 pages for this thread before it reaches the weekend, no hedging!
  • #14,815
  • Jun 12, 2007 4:14pm Jun 12, 2007 4:14pm
Quoting pino2
I won't go long except if 1.9868 is broken, but why don't we all go long to reach 1000 pages for this thread before it reaches the weekend, no hedging!
That's a good idea. We will all blow up our accounts and the thread stops at the magic 1,000 pages...

  • #14,816
  • Jun 12, 2007 4:20pm Jun 12, 2007 4:20pm
Quoting pino2
I won't go long except if 1.9868 is broken.
impressive analysis.
BAM BAM BOOM! -bravado
  • #14,817
  • Jun 12, 2007 4:21pm Jun 12, 2007 4:21pm
lol
  • #14,818
  • Jun 12, 2007 4:26pm Jun 12, 2007 4:26pm
Quoting bravado
impressive analysis.
impressive reply
  • #14,819
  • Jun 12, 2007 4:47pm Jun 12, 2007 4:47pm
Looking for exit and or next long in the 730-720 range. 100sma (15min chart) and conservative up trend line.

Kind of poor PA, it's just rolling down, with a steep down move on the 1h, could possible break downward, if so I'm holding my short.
  • #14,820
  • Jun 12, 2007 5:10pm Jun 12, 2007 5:10pm
Quoting bravado
throw your hands up in the air and act like you just don't care! woop woop.
Hold on, let me add some old school to that rhyme.
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