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Cable Update (GBPUSD)

  • #16,661
  • Jul 2, 2007 1:54am Jul 2, 2007 1:54am
Quoting ratman
and even if BOE rise its already in expectations, if not thats a surprise, but i think they will rise
Not likely. The last vote says it all.

  • #16,662
  • Jul 2, 2007 1:58am Jul 2, 2007 1:58am
Probably they will maintain it....due to collecting more data
Quoting zamans98
Not likely. The last vote says it all.

  • #16,663
  • Jul 2, 2007 2:01am Jul 2, 2007 2:01am
Quoting zamans98
umm, looks like. ISM data is next at 10.00
I changed it to 5 hours, lol
  • #16,664
  • Jul 2, 2007 2:02am Jul 2, 2007 2:02am
Quoting ndvt241
I think, in the next 5 hours the market will move within a "zekzak" between 20080 and 2.0120

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but what about euro its going up
  • #16,665
  • Jul 2, 2007 2:05am Jul 2, 2007 2:05am
Quoting SeekingLight
"I think" as real money trading base

You just can't make this stuff up


Well, our climber reached 2.0100s... Now it is time for a due ... hmmmm... follow through?
  • #16,666
  • Jul 2, 2007 2:07am Jul 2, 2007 2:07am
Quoting zamans98
few thousand is nothing. Unless you're talking about FEW millions, then it do makes a HUGE different.
more than a few thou and less than a few mill (unless i get the hang of trading soon). It was 1.7400 or so when i got married 18 months ago - so if it goes to 1.9200 it would probably cost me a nice new BMW from where it is now at 2.0100 ish.... so I am sweating it here wondering which way to jump... my broker called me on june 30 at 2.0030 and said it could not go higher and buy USD now ! Last day of the trading month and trying to make his quota I thought - so i didnt. So far I was right.. but yes i think 2.02 is splendiferous and 2.03 is cotton picking top picking
  • #16,667
  • Jul 2, 2007 2:13am Jul 2, 2007 2:13am
haa, from where do you guys get 2.0200 - 2.0300, end words like 2.0300 is super duper toppish. last time cable was over 2.130 was 1981, so can we consider that as a place to check for some patterns? I think not. So if we break 130 noone can tel where is top maby its 131 or 132. Cable already bounced off 130 level 3 times in a rov if we are looking in to the past
  • #16,668
  • Jul 2, 2007 2:14am Jul 2, 2007 2:14am
Quoting mukul161181
but what about euro its going up
I am not trading Eur right now, but i don' think will pass the 35.85

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  • #16,669
  • Jul 2, 2007 2:14am Jul 2, 2007 2:14am
Quoting cesarnc


Well, our climber reached 2.0100s... Now it is time for a due ... hmmmm... follow through?
Due means climb higher?? or time for doing some slalom or slope down the hill?
  • #16,670
  • Jul 2, 2007 2:18am Jul 2, 2007 2:18am
Went long at 0100... Just HATE the r:r right now, but what the hell. We are in the middle of a breakout here...

And dollar again getting smashed badly across the board. USD-index already at the critical 81.5 area. This would be the third attempt since 2005. 3rd holds the charm?
  • #16,671
  • Jul 2, 2007 2:28am Jul 2, 2007 2:28am
hi every1, do u think it will go up mor? it seems ders false attempt @ 2.0126, the cable went down again...
  • #16,672
  • Jul 2, 2007 2:29am Jul 2, 2007 2:29am
Quoting cesarnc
Went long at 0100... Just HATE the r:r right now, but what the hell. We are in the middle of a breakout here...

And dollar again getting smashed badly across the board. USD-index already at the critical 81.5 area. This would be the third attempt since 2005. 3rd holds the charm?
Dont feels like it.. h1 bar start to show lower high.. still need more confirmation though.. thinking of deep fishing or bounce back from 131. Meanwhile im watching from sidelines for GU. EU and swissie is more promising atm.
  • #16,673
  • Jul 2, 2007 2:41am Jul 2, 2007 2:41am
Quoting WTB on the 06-22-07, 2:08pm
Same, holding long. Open price 1.9844 (+125 pips as of right now), trade opened tuesday 19th june during London session.
Half lot size out at previous resistance in the daily chart (the high for the year) for +280 pips. Second half of my lot size still open long.

Ahhh... the joy of swimming in the direction of the trend...
  • #16,674
  • Jul 2, 2007 2:45am Jul 2, 2007 2:45am
Quoting cesarnc
Went long at 0100... Just HATE the r:r right now, but what the hell. We are in the middle of a breakout here...

And dollar again getting smashed badly across the board. USD-index already at the critical 81.5 area. This would be the third attempt since 2005. 3rd holds the charm?
Careful Cesar, we're banging onto the high for the year right now. You might want to hold your long orders until that level gives way...
  • #16,675
  • Jul 2, 2007 2:51am Jul 2, 2007 2:51am
I am selling this mother at 130 if reaches
  • #16,676
  • Jul 2, 2007 2:53am Jul 2, 2007 2:53am
Quoting ratman
I am selling this mother at 130 if reaches
You can sell my granny too at 130.. i am with you...
  • #16,677
  • Jul 2, 2007 2:56am Jul 2, 2007 2:56am
  • #16,678
  • Jul 2, 2007 3:01am Jul 2, 2007 3:01am
or maby its beter to cath some price while it cleans tight stops above 130
  • #16,679
  • Jul 2, 2007 3:38am Jul 2, 2007 3:38am
Despite the trend has been stable the volatility is low, the last 100+pips day was June 8th. It is really hard to find such a similar series of sub 100 pips days anywhere on the chart. I guess if the cable intends to go higher without a serious retracement the pace will be even slower
  • #16,680
  • Jul 2, 2007 4:32am Jul 2, 2007 4:32am
Looks like a lot of woods to chop, whatever the direction we pick.
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