Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#15,521
Jun 22, 2007 7:13am Jun 22, 2007 7:13am

pino2
Joined Jun 2006 | Status: Trend is not my friend | 1,492 Posts

Quoting Plutonite

Disliked

1.9980 is critical. If if holds for the next 3 hours then we will eat bull steak, around 300 pips of it. If it doesn't hold, maybe 100 pips north.

Good luck.

Ignored

I almost agree with this

#15,522
Jun 22, 2007 7:17am Jun 22, 2007 7:17am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

Quoting Plutonite

Disliked

1.9980 is critical. If if holds for the next 3 hours then we will eat bull steak, around 300 pips of it. If it doesn't hold, maybe 100 pips north.

Good luck.

Ignored

I don't see Cable 300 pips down, like this. Cable has confirmed channel breached yesterday (bounce off the trendline) + today's new highs. 9880 is where we might find buyers again.

May be a Friday event, but the fact is: dollar is getting hit across the board.

#15,523
Jun 22, 2007 7:18am Jun 22, 2007 7:18am

el_duende
| Joined Oct 2006 | Status: Trader | 1,012 Posts

Quote

Disliked

May be a Friday event, but the fact is: dollar is getting hit across the board.

Events have certainly hit me today in the pocket

The question on my mind is wether market is pricing in another rate hike by BOE which will take us $2 plus.

#15,524
Jun 22, 2007 7:21am Jun 22, 2007 7:21am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

08:19Cable approaching 2.00 again last 1.9975

#15,525
Jun 22, 2007 7:22am Jun 22, 2007 7:22am

bravado
| Joined Aug 2006 | Status: BORED trader | 2,388 Posts

Quoting Plutonite

Disliked

1.9980 is critical. If if holds for the next 3 hours then we will eat bull steak, around 300 pips of it. If it doesn't hold, maybe 100 pips north.

Good luck.

Ignored

tru experts and pros. such as myself. need no luck.

-grand master bravado

BAM BAM BOOM! -bravado

#15,526
Jun 22, 2007 7:25am Jun 22, 2007 7:25am

bravado
| Joined Aug 2006 | Status: BORED trader | 2,388 Posts

cha-ching!
cha-ching!
cha-ching!

okay let me stop being childish.

BAM BAM BOOM! -bravado

#15,527
Jun 22, 2007 7:28am Jun 22, 2007 7:28am

Bullfx
| Joined May 2007 | Status: fx | 438 Posts

What 's going on with GU, it will be above 20x? or down to 198?

Give me patience

#15,528
Jun 22, 2007 7:29am Jun 22, 2007 7:29am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

Quoting bravado

Disliked

okay let me stop being childish.

Ignored

Thank you. This is serious business. Thank you for your understanding.

#15,529
Jun 22, 2007 7:30am Jun 22, 2007 7:30am

bravado
| Joined Aug 2006 | Status: BORED trader | 2,388 Posts

Quoting WTB

Disliked

Same, holding long. Open price 1.9844 (+125 pips as of right now), trade opened tuesday 19th june during London session.

Ignored

good trade WTB.

got in @ 9880 and then again @ 9890.

BAM BAM BOOM! -bravado

#15,530
Jun 22, 2007 7:31am Jun 22, 2007 7:31am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

Quoting Bullfx

Disliked

What 's going on with GU, it will be above 20x? or down to 198?

Ignored

We would need a video footage of Tony Blair as dragqueen dancing with King to see 98 so soon

#15,531
Jun 22, 2007 7:31am Jun 22, 2007 7:31am

x3m
| Joined Apr 2007 | Status: Trader | 113 Posts

My short from 9905 got stopped at 9975. Anyone buying from above 9980?

#15,532
Jun 22, 2007 7:33am Jun 22, 2007 7:33am

bravado
| Joined Aug 2006 | Status: BORED trader | 2,388 Posts

Quoting cesarnc

Disliked

Thank you. This is serious business. Thank you for your understanding.

Ignored

http://www.shilohplace.org/images/Mi...ish_things.jpg

BAM BAM BOOM! -bravado

#15,533
Jun 22, 2007 7:34am Jun 22, 2007 7:34am

Plutonite
Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts

I just shorted again, because the bulls are running out of breath- should have been a break out but apparently they are afraid of 2.000 psycho resistance.

If I lose, it will be something like 60 pips on this pair...but I'm not thinking of that, I'm preparing BBQ sauce for that bull steak. May even be bull cojones as well, for desert

Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea

#15,534
Jun 22, 2007 7:37am Jun 22, 2007 7:37am

cesarnc
Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts

Quoting Plutonite

Disliked

I just shorted again, because the bulls are running out of breath- should have been a break out but apparently they are afraid of 2.000 psycho resistance.

If I lose, it will be something like 60 pips on this pair...but I'm not thinking of that, I'm preparing BBQ sauce for that bull steak. May even be bull cojones as well, for desert

Ignored

you got balls, I give you that.

#15,535
Jun 22, 2007 7:42am Jun 22, 2007 7:42am

Plutonite
Joined Mar 2007 | Status: we are stardust, we are golden | 1,364 Posts

Quoting cesarnc

Disliked

you got balls, I give you that.

Ignored

Thanks, but it's more about calculated risk. I am risking very little compared to what I have already made this week on USDCHF and GBPJPY, also compared to what I may make on this trade. A 20 pip Sl is nothing.

Almost all USD related pairs are against resistances and trends - the dollar is oversold in my opinion. Let's see what happens.

Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea

#15,536
Jun 22, 2007 7:44am Jun 22, 2007 7:44am

bravado
| Joined Aug 2006 | Status: BORED trader | 2,388 Posts

Quoting Plutonite

Disliked

..calculated risk. I am risking very little compared to what I have already made this week on USDCHF and GBPJPY..20 pip Sl is nothing..

Ignored

good.

BAM BAM BOOM! -bravado

#15,537
Jun 22, 2007 7:46am Jun 22, 2007 7:46am

el_duende
| Joined Oct 2006 | Status: Trader | 1,012 Posts

Im with plutonite, worth a risky short here with psycological 2 level

other factors
DOW, S+P futures down
Oil down
T-notes up
USD/CHF just bounced off 50 fib level up

2.30pm will be interesting time

#15,538
Jun 22, 2007 7:49am Jun 22, 2007 7:49am