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Cable Update (GBPUSD)

  • #17,381
  • Jul 5, 2007 9:44am Jul 5, 2007 9:44am
Quoting DutchTrader
2.000 will be support. Dont' say I didn't warn you.
We, the brotherhood of friendly bears, warned you guys !!!

Cable was way overbought

hike was already priced in

terrorism "chez les bretain"

etc...etc...etc....

What else did you guys want ???
For he that would be deceived, let him.
  • #17,382
  • Jul 5, 2007 9:44am Jul 5, 2007 9:44am
Quoting zamans98
aha.. well, I'm placing LONG at 2.0000000000000000000.... come on Mr.SAM, move it...

why long 2?
  • #17,383
  • Jul 5, 2007 9:45am Jul 5, 2007 9:45am
Quoting pablorpl
my shorts are breathing again....
my long bleeding... so I stop out at current price.. Better than heading towards 2.00000000
  • #17,384
  • Jul 5, 2007 9:47am Jul 5, 2007 9:47am
Quoting pinchapip
We, the brotherhood of friendly bears, warned you guys !!!

Cable was way overbought

hike was already priced interrorism "chez les bretain"

etc...etc...etc....

What else did you guys want ???
you could be saying that cable was overbought since 1.9000 lol

financial assets may become overbought/oversold and stay there a hell lot of time! so shorting an asset based solely on the premise it's overbought it's a suicide 80% of the time!

there have to be other more objective and more statistical friendly reasons to short!
  • #17,385
  • Jul 5, 2007 9:47am Jul 5, 2007 9:47am
Quoting zamans98
my long bleeding... so I stop out at current price.. Better than heading towards 2.00000000
if that happens, $5 bucks as free444 will get back and will "toldya-so" me, well, even after a 205 pips move the other way

  • #17,386
  • Jul 5, 2007 9:50am Jul 5, 2007 9:50am
Quoting cesarnc
if that happens, $5 bucks as free444 will get back and will "toldya-so" me, well, even after a 205 pips move the other way

why $5? I make it $50 then... LOL. you have earned so much in GU, then make it $50 sound logical. If $5 bet, then its not a good wager.....
  • #17,387
  • Jul 5, 2007 9:51am Jul 5, 2007 9:51am
henrycarol in da house. That's BEARISH in the immediate term.

  • #17,388
  • Jul 5, 2007 9:52am Jul 5, 2007 9:52am
Quoting camisa
you could be saying that cable was overbought since 1.9000 lol

financial assets may become overbought/oversold and stay there a hell lot of time! so shorting an asset based solely on the premise it's overbought it's a suicide 80% of the time!

there have to be other more objective and more statistical friendly reasons to short!
Just like the housing prices here in South Florida my noble Lusitan warrior friend!!!! Overpriced till the point where people say...enough is enough !!!!!
For he that would be deceived, let him.
  • #17,389
  • Jul 5, 2007 9:55am Jul 5, 2007 9:55am
Quoting cesarnc
Thanks
i see 2.0088 now. gbp is selling. but i think the market is exhausted. lots of pound exhanged hands
100% of traders are losers. Just that some win more than they lose!
  • #17,390
  • Jul 5, 2007 9:56am Jul 5, 2007 9:56am
+ 105 on my short...should I stay or should I go ..... ??????????
For he that would be deceived, let him.
  • #17,391
  • Jul 5, 2007 9:56am Jul 5, 2007 9:56am
Quoting OrionsWay
have covered some shorts already holding base shorts 0197

daily has broken out of near term upchannel sniper rolled over volumes up, Good signs ahead
here is 4hr chart
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_17.jpg Size: 102 KB
"Millionaires don't use astrology, billionaires do"
  • #17,392
  • Jul 5, 2007 9:57am Jul 5, 2007 9:57am
10:56GBP more stops below 2.0090 but Macro names buy the dip to add to existing longs
  • #17,393
  • Jul 5, 2007 9:58am Jul 5, 2007 9:58am
This is just a point of view. I love channels, they give very good info. I was expecting a retracement since Tuesday, on the chart you can see why..

http://img467.imageshack.us/img467/8...7095315ge4.png
Johann Channels and cycles are everything
  • #17,394
  • Jul 5, 2007 9:59am Jul 5, 2007 9:59am
Quoting cesarnc
10:56GBP more stops below 2.0090 but Macro names buy the dip to add to existing longs
Cesar is trading out of inside info...thats cheating ....hehhehehehe !!!!!!
For he that would be deceived, let him.
  • #17,395
  • Jul 5, 2007 10:00am Jul 5, 2007 10:00am
Quoting pinchapip
+ 105 on my short...should I stay or should I go ..... ??????????
If I'm in your shoe, I'll bail out. Man, 100pips is good...
  • #17,396
  • Jul 5, 2007 10:03am Jul 5, 2007 10:03am
10-Yr Bond 5.115% http://us.i1.yimg.com/us.yimg.com/i/us/fi/03rd/up_g.gif 0.065
  • #17,397
  • Jul 5, 2007 10:03am Jul 5, 2007 10:03am
Quoting pinchapip
Just like the housing prices here in South Florida my noble Lusitan warrior friend!!!! Overpriced till the point where people say...enough is enough !!!!!
Yes, but for how many years the real estate bubble has been constantly inflated?

they've been overpriced for years, it's impossible to say when people will say enough is enough so it's really a blind bet to call tops or bottoms
  • #17,398
  • Jul 5, 2007 10:03am Jul 5, 2007 10:03am
Dow13,545.43http://us.i1.yimg.com/us.yimg.com/i/...3rd/down_r.gif 31.87 (0.23%)Nasdaq2,643.79http://us.i1.yimg.com/us.yimg.com/i/...3rd/down_r.gif 1.16 (0.04%)S&P 5001,522.09http://us.i1.yimg.com/us.yimg.com/i/...3rd/down_r.gif 2.78 (0.18%)10-Yr Bond5.11% http://us.i1.yimg.com/us.yimg.com/i/us/fi/03rd/up_g.gif 0.06
  • #17,399
  • Jul 5, 2007 10:08am Jul 5, 2007 10:08am
Quoting camisa
Yes, but for how many years the real estate bubble has been constantly inflated?

they've been overpriced for years, it's impossible to say when people will say enough is enough so it's really a blind bet to call tops or bottoms
I agree Camisa...BUT....forex being the agile market that it is, it makes it a lot easier to spot overbought/sold situations.

I still think this beast can go back to the 268 area...but again considering the chart is overbought!!!!
For he that would be deceived, let him.
  • #17,400
  • Jul 5, 2007 10:08am Jul 5, 2007 10:08am
seems that cable support are at 2.0100...

what a 15 pips sudden move! This must be "GBP more stops below 2.0090 but Macro names buy the dip to add to existing longs.."
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