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Cable Update (GBPUSD)

  • #15,521
  • Jun 22, 2007 5:13am Jun 22, 2007 5:13am
Quoting Plutonite
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.
I almost agree with this
  • #15,522
  • Jun 22, 2007 5:17am Jun 22, 2007 5:17am
Quoting Plutonite
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.
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 5:18am Jun 22, 2007 5:18am
Quote
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 5:21am Jun 22, 2007 5:21am
08:19Cable approaching 2.00 again last 1.9975
  • #15,525
  • Jun 22, 2007 5:22am Jun 22, 2007 5:22am
Quoting Plutonite
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.
tru experts and pros. such as myself. need no luck.

-grand master bravado
BAM BAM BOOM! -bravado
  • #15,526
  • Jun 22, 2007 5:25am Jun 22, 2007 5:25am
cha-ching!
cha-ching!
cha-ching!

okay let me stop being childish.
BAM BAM BOOM! -bravado
  • #15,527
  • Jun 22, 2007 5:28am Jun 22, 2007 5:28am
What 's going on with GU, it will be above 20x? or down to 198?
Give me patience
  • #15,528
  • Jun 22, 2007 5:29am Jun 22, 2007 5:29am
Quoting bravado

okay let me stop being childish.

Thank you. This is serious business. Thank you for your understanding.
  • #15,529
  • Jun 22, 2007 5:30am Jun 22, 2007 5:30am
Quoting WTB
Same, holding long. Open price 1.9844 (+125 pips as of right now), trade opened tuesday 19th june during London session.
good trade WTB.

got in @ 9880 and then again @ 9890.
BAM BAM BOOM! -bravado
  • #15,530
  • Jun 22, 2007 5:31am Jun 22, 2007 5:31am
Quoting Bullfx
What 's going on with GU, it will be above 20x? or down to 198?
We would need a video footage of Tony Blair as dragqueen dancing with King to see 98 so soon
  • #15,531
  • Jun 22, 2007 5:31am Jun 22, 2007 5:31am
My short from 9905 got stopped at 9975. Anyone buying from above 9980?
  • #15,532
  • Jun 22, 2007 5:33am Jun 22, 2007 5:33am
Quoting cesarnc
Thank you. This is serious business. Thank you for your understanding.
http://www.shilohplace.org/images/Mi...ish_things.jpg
BAM BAM BOOM! -bravado
  • #15,533
  • Jun 22, 2007 5:34am Jun 22, 2007 5:34am
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 5:37am Jun 22, 2007 5:37am
Quoting Plutonite
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
you got balls, I give you that.
  • #15,535
  • Jun 22, 2007 5:42am Jun 22, 2007 5:42am
Quoting cesarnc
you got balls, I give you that.
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 5:44am Jun 22, 2007 5:44am
Quoting Plutonite
..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..
good.
BAM BAM BOOM! -bravado
  • #15,537
  • Jun 22, 2007 5:46am Jun 22, 2007 5:46am
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 5:49am Jun 22, 2007 5:49am
to me looks like it is just taking a breather before next or final push up.

So why watch out for 2.30?
Consistency and patience is everything
  • #15,539
  • Jun 22, 2007 5:52am Jun 22, 2007 5:52am
Quoting Turtle
If it can get through the 9970/80 battle then look out.....
My gut is telling me to wait until after the 10am est options to decide whether to short this pair...
  • #15,540
  • Jun 22, 2007 5:53am Jun 22, 2007 5:53am
I just can't help it !!

http://www.ruggedelegantliving.com/a...ullfighter.jpg
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