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Cable Update (GBPUSD)

  • #15,081
  • Jun 19, 2007 7:18am Jun 19, 2007 7:18am
Quoting cesarnc
Never mind. He does not follow the trend. The trend follows him
indeed.
BAM BAM BOOM! -bravado
  • #15,082
  • Jun 19, 2007 7:21am Jun 19, 2007 7:21am
Usually the EUR/USD is the engine of the GBP/USD, when EUR moves the independent GBP moves, when EUR is up or down by 1 pip, the independent GBP is up or down by 2-3 pips, but at this moment the EUR was down by 10 pips, and GBP acted as if it is grown up now and that it has it's own pesronality and it didn't drop down, but went up playing in 1.9866-19871, cable you became old and boring
  • #15,083
  • Jun 19, 2007 7:22am Jun 19, 2007 7:22am
Quoting bravado
indeed.
  • #15,084
  • Jun 19, 2007 7:22am Jun 19, 2007 7:22am
Im thinking going short too.

US data releases today will tell me more

Quoting bravado
time to build shorts.
  • #15,085
  • Jun 19, 2007 7:29am Jun 19, 2007 7:29am
I already went short @ 1.9865 but since then the prices is playing in 1.9866-1.9871 range teasing me and who knows it might go up more further with much more teasing
  • #15,086
  • Jun 19, 2007 7:36am Jun 19, 2007 7:36am
Quoting cesarnc
Closed 3/4, SL moved to B/E. Daily target pocketed.
All-out...
  • #15,087
  • Jun 19, 2007 7:39am Jun 19, 2007 7:39am
i see cable sellers ahead.
BAM BAM BOOM! -bravado
  • #15,088
  • Jun 19, 2007 7:47am Jun 19, 2007 7:47am
Quoting cesarnc
Never mind. He does not follow the trend. The trend follows him
Thanks for the complement!
TRADE LIKE A MACHINE!
  • #15,089
  • Jun 19, 2007 7:49am Jun 19, 2007 7:49am
Hi,
I agree with Bravado. I am selling at 1.9865.
  • #15,090
  • Jun 19, 2007 7:54am Jun 19, 2007 7:54am
54 pips range so far. If you bears are right, that will be pretty much it...

So miss the good old days when you could count on 100 pips range and risk for 120-150...
  • #15,091
  • Jun 19, 2007 7:56am Jun 19, 2007 7:56am
08:51we think bravado intervention apparent on cable here. cable having hard time breaking through 9870.
BAM BAM BOOM! -bravado
  • #15,092
  • Jun 19, 2007 7:57am Jun 19, 2007 7:57am
Quoting bravado
08:51we think bravado intervention apparent on cable here. cable having hard time breaking through 9870.



I'm definitely calling it a day now....

  • #15,093
  • Jun 19, 2007 8:06am Jun 19, 2007 8:06am
As such according to one hour trend lines it is respecting the trend so lets see...
  • #15,094
  • Jun 19, 2007 8:08am Jun 19, 2007 8:08am
Here's the trend on 8 hour Graph.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 36 KB
  • #15,095
  • Jun 19, 2007 8:08am Jun 19, 2007 8:08am
Quoting bravado
08:51we think bravado intervention apparent on cable here. cable having hard time breaking through 9870.
  • #15,096
  • Jun 19, 2007 8:14am Jun 19, 2007 8:14am
Quoting bravado
08:51we think bravado intervention apparent on cable here. cable having hard time breaking through 9870.

Now that is a classic....
  • #15,097
  • Jun 19, 2007 8:15am Jun 19, 2007 8:15am
short @ 9871
  • #15,098
  • Jun 19, 2007 8:33am Jun 19, 2007 8:33am
short @ 9877 - daily high so far -1
  • #15,099
  • Jun 19, 2007 8:33am Jun 19, 2007 8:33am
My bad luck that when I thought to short cable, there was a swiss demand for GBP/CAD helping to keep cable moving up, where were those demands in the UK session when I was long
  • #15,100
  • Jun 19, 2007 8:45am Jun 19, 2007 8:45am
current upmove should end around 1.9900-1.9880 for a move to 1.9500 area

i will close my long positions around 1.9900 and have a short position on gbp/cad for 2.080
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