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Cable Update (GBPUSD)

  • #16,141
  • Jun 28, 2007 4:31am Jun 28, 2007 4:31am
Quoting cesarnc;
You must be graphic guru.
  • #16,142
  • Jun 28, 2007 4:33am Jun 28, 2007 4:33am
Quoting manu.aquetdju
You must be graphic guru.
Waiting is boring, gotta fill my mind with something
  • #16,143
  • Jun 28, 2007 4:43am Jun 28, 2007 4:43am
NYC kicking in, dollar dumping campaign
  • #16,144
  • Jun 28, 2007 5:05am Jun 28, 2007 5:05am
Quoting pino2
1.9990 short trade was closed @ BE
Now I have open short trades @ 2.0005, 2.0009, 2.0015, 2.0025, 2.0038
This week I gained zero pips, all orders were closed @ BE, athough I've seen good profit yesterday when it went down to 1.9927, but I didn't collect the profit
I did exactly the same! Added shorts now at 2.0024
  • #16,145
  • Jun 28, 2007 5:06am Jun 28, 2007 5:06am
What do you guys expect from the Interest Rate decision today? I mean, not the outcome which is pretty probably it'll remain at 5.25, but rather the impact on cable. I personally dont see any reason as of why it should burp the chart much.
  • #16,146
  • Jun 28, 2007 5:09am Jun 28, 2007 5:09am
Quoting WTB
What do you guys expect from the Interest Rate decision today? I mean, not the outcome which is pretty probably it'll remain at 5.25, but rather the impact on cable. I personally dont see any reason as of why it should burp the chart much.
Depends on the FED statement. If it focuses on inflation worries again like last time then I think it will be bearish for cable
  • #16,147
  • Jun 28, 2007 5:10am Jun 28, 2007 5:10am
Quoting WTB
What do you guys expect from the Interest Rate decision today? I mean, not the outcome which is pretty probably it'll remain at 5.25, but rather the impact on cable. I personally dont see any reason as of why it should burp the chart much.
Since when FED "changed his bias" and the market dumped dollar and bought all back on the following day when FED said "hey, you didn't get what I said", I avoid making predictions about this.
  • #16,148
  • Jun 28, 2007 5:42am Jun 28, 2007 5:42am
So... GDP lower than expected and GDP inflator higher than expected. Charts frozen. I love these moments.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #16,149
  • Jun 28, 2007 5:46am Jun 28, 2007 5:46am
Quoting Plutonite
I love these moments.
Me, too
Attached Image
  • #16,150
  • Jun 28, 2007 5:48am Jun 28, 2007 5:48am
Quoting Plutonite
So... GDP lower than expected and GDP inflator higher than expected. Charts frozen. I love these moments.
US data always amazed me. Nothing is happening.

Ordered a short truck at 2.0055.
  • #16,151
  • Jun 28, 2007 5:49am Jun 28, 2007 5:49am
I have decided to go long GJ, see you guys @ 247.50 tonight
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #16,152
  • Jun 28, 2007 5:52am Jun 28, 2007 5:52am
Quoting zamans98
US data always amazed me. Nothing is happening.

Ordered a short truck at 2.0055.
Hold on to it, GU should fall, but I'm out.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #16,153
  • Jun 28, 2007 5:53am Jun 28, 2007 5:53am
Quoting Plutonite
I have decided to go long GJ, see you guys @ 247.50 tonight
I adjusted my order. Short truck around your price
  • #16,154
  • Jun 28, 2007 6:07am Jun 28, 2007 6:07am
Sorry, but I don't get it....

There were plenty of posts whining about the zillion times Cable failed to push through 2.0. Now that it has pushed AND has breached previous top 0015, you guys are looking for short opportunity?

I'm SOOOOO LOONG this baby now that 2.0 is taken out... Besides, it's a damn awesome R:R, assuming 2.0 big figure is now support...

Of course Mr. FED can bring a sea change here, but so far, I'm not going short cable.
  • #16,155
  • Jun 28, 2007 6:14am Jun 28, 2007 6:14am
my road map indicates the possibility of visiting 2.0050/60 and then ending the day with a fall to 2.0000 again...

still another session in no man's land (sub-100 pip range)
  • #16,156
  • Jun 28, 2007 6:20am Jun 28, 2007 6:20am
Quoting cesarnc
Sorry, but I don't get it....

There were plenty of posts whining about the zillion times Cable failed to push through 2.0. Now that it has pushed AND has breached previous top 0015, you guys are looking for short opportunity?

I'm SOOOOO LOONG this baby now that 2.0 is taken out... Besides, it's a damn awesome R:R, assuming 2.0 big figure is now support...

Of course Mr. FED can bring a sea change here, but so far, I'm not going short cable.
I'm not looking for anything, I just know a breathless bull when I see one. When psycho resistances and tight ranges are broken, especially on EURUSD and GBPUSD, you get a break out/rally. Do you see a rally on your charts?

Right now I'm out GU because the news wasn't bad and I think it's oversold, but not sure what interest rates will bring. Other trades - GJ and USDCAD long just now - are safer for me.

good luck.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #16,157
  • Jun 28, 2007 6:21am Jun 28, 2007 6:21am
helo guys, is this correct? core pce revised up to 2.4% from 2.2%? do u think fed will be vigilant on inflation?
  • #16,158
  • Jun 28, 2007 6:25am Jun 28, 2007 6:25am
Quoting cesarnc
Sorry, but I don't get it....

There were plenty of posts whining about the zillion times Cable failed to push through 2.0. Now that it has pushed AND has breached previous top 0015, you guys are looking for short opportunity?

I'm SOOOOO LOONG this baby now that 2.0 is taken out... Besides, it's a damn awesome R:R, assuming 2.0 big figure is now support...

Of course Mr. FED can bring a sea change here, but so far, I'm not going short cable.
HI CESARNC
Let's assume that the Fed will keep interest rate unchanged and about inflation they will say; "they will watch it carefully" in this case, what do you expect the price will be?
  • #16,159
  • Jun 28, 2007 6:27am Jun 28, 2007 6:27am
11:22
Bank of England's members testimonies

BOE Besley: Surprise Not A Motivation For 50 BP Hike
BOE Besley: 50 BP Hike Always A Possibility
BOE Besley: Balance Of Price Risks To Upside A Year Out
BOE's King: Output Growth Resilient In Face Of Rate Rises
BOE Besley: If Hike More Soon, Avoid Doing More Later
BOE King: Must Look Through Short-Term Inflation Volatility
BOE's King: Consumer Spending A Downside Risk To Prices
BOE's Kingricing Intentions,Inflation Expectations Upside Risks
BOE's Lomax: Will Focus On Housing, Lanor Mkts
BOE Besley: Concerned About Money, Credit Development
Blanchflower: Looking For Impact On Spending Of Higher Rates
BOE Tucker: Hard To Judge Whether Too Much Debt In Econ



what do u think for this comment? anybody??
  • #16,160
  • Jun 28, 2007 6:29am Jun 28, 2007 6:29am
morning/afternoon/evening! had chores to fulfill earlier. still short from Friday and waiting for the drop - to .9730-50.
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