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Cable Update (GBPUSD)

  • #15,541
  • Jun 22, 2007 5:53am Jun 22, 2007 5:53am
2.0 here we come.
BAM BAM BOOM! -bravado
  • #15,542
  • Jun 22, 2007 5:55am Jun 22, 2007 5:55am
and what if it's going above 1.9999? i'll wait some more to take another short on this pair.

Quoting Plutonite
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.
Nihil Sine Deo.
  • #15,543
  • Jun 22, 2007 6:00am Jun 22, 2007 6:00am
9996 is 6 weeks high... If it goes, we are going to mid-2s
  • #15,544
  • Jun 22, 2007 6:02am Jun 22, 2007 6:02am
:surprised what suddenly happened to hit the dollar? everywhere.
quote of the day: . It's like deja-vu all over again
  • #15,545
  • Edited 6:28am Jun 22, 2007 6:02am | Edited 6:28am
I think it is very risky if buying GU at the price near 20x, very risky, it seem to be a strong resistance. would be Bouncing down strongly. Everyone are afraid of 200x monument. So this is a good point for selling.
Give me patience
  • #15,546
  • Jun 22, 2007 6:02am Jun 22, 2007 6:02am
Quoting pino2
A sell signal is about to be born now for cable @ 1.9916, I wish my 1.9930 sell position is now feeling ok, wish that cable don't make my sell position feel sad again till the end of the US session
Why in the name of Jesus would you sell short this beast (see picture below), damn it!

I am sorry for the harsh language, but it drives me nuts when people try to stubbornly swim against the flow. Are we salmons or something???
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 1H FF.jpg Size: 77 KB
  • #15,547
  • Jun 22, 2007 6:04am Jun 22, 2007 6:04am
i guess all those shorts from yesterday were stopped out?

im still holding long 190+pips on this one.
  • #15,548
  • Jun 22, 2007 6:05am Jun 22, 2007 6:05am
Quoting Gmak
:surprised what suddenly happened to hit the dollar? everywhere.
Profit taking, most likely, since the main dollar bulls driver, the 10yr treasury is still high at 5.19%...
Attached Image
  • #15,549
  • Jun 22, 2007 6:09am Jun 22, 2007 6:09am
makes sense, especially on JPY. Thought if it came it would be later in the day though.
quote of the day: . It's like deja-vu all over again
  • #15,550
  • Jun 22, 2007 6:09am Jun 22, 2007 6:09am
A broader view:

09:02 There are several themes lurking below the surface today, and the most worrisome appears to be continuing concerns of major fund losses stemming from the mortgage-backed CDO meltdown. Higher US yields are seen to be aggravating the concerns, as higher rates further undermine the quality of mortgage-backed securities, offsetting any flight-to-quality that might ordinarily take place. This is one reason we have a weaker USD alongside higher US rates. The other theme is continued carry trade buying of JPY-crosses, with USD/JPY being temporarilry capped by significant selling interest at/above 124.00 and ahead of the major psychological resistance at 125.00. The limited upside in USD/JPY has seen cross-buying flows filter into the other USD pairs, and this is aiding EUR/USD and GBP/USD, among others. Still another theme, the positive USD vs. Europe outlook of the last several weeks is in it's final spasm of unwinding, with the last round of stops in EUR/USD having been triggered on the move up over 1.3440/60 signaling the capitulation of EUR shorts.
  • #15,551
  • Jun 22, 2007 6:18am Jun 22, 2007 6:18am
Hey WTB...what ma's you got on that 1HR chart?
  • #15,552
  • Jun 22, 2007 6:21am Jun 22, 2007 6:21am
Correction...daily chart
  • #15,553
  • Jun 22, 2007 6:22am Jun 22, 2007 6:22am
damn cable, shorted and got stopped grrr I didn't understand this move but who cares, cable likes to do this crazy things such as scrambling one's trading systems

well, monday is another day
  • #15,554
  • Jun 22, 2007 6:22am Jun 22, 2007 6:22am
Quoting pypbita
Hey WTB...what ma's you got on that 1HR chart?
I use the 30, 50 and 100 SMA and I use them in all time frames and currency pairs. I use them in order to analyze the health of the trend as per my system.
  • #15,555
  • Jun 22, 2007 6:23am Jun 22, 2007 6:23am
Quoting camisa
damn cable, shorted and got stopped grrr I didn't understand this move but who cares, cable likes to do this crazy things such as scrambling one's trading systems

well, monday is another day
See my post #15555 on this thread (previous page)
  • #15,556
  • Jun 22, 2007 6:25am Jun 22, 2007 6:25am
Hey CAMISA where are you from ???
For he that would be deceived, let him.
  • #15,557
  • Jun 22, 2007 6:26am Jun 22, 2007 6:26am
Quoting Plutonite
1.9980 is critical. If if holds for the next 3 hours then we will eat bull steak.
you mean Pure 100% Angus Beef ! lol
“Past performance is not indicative of future results”
  • #15,558
  • Jun 22, 2007 6:36am Jun 22, 2007 6:36am
Quoting pinchapip
Hey CAMISA where are you from ???
portugal
  • #15,559
  • Jun 22, 2007 6:38am Jun 22, 2007 6:38am
hey Bravado,

I thought today was going to stink. but surprise to my eyes when I get
up to my buy limit triggered at 9940 and see a 50+ pip gain while I sleep

woot woot


kudos on holding that long !
“Past performance is not indicative of future results”
  • #15,560
  • Jun 22, 2007 6:40am Jun 22, 2007 6:40am
Quoting camisa
portugal
camisa, how do you like the range on cable today?
BAM BAM BOOM! -bravado
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