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Cable Update (GBPUSD)

  • #17,401
  • Jul 5, 2007 10:09am Jul 5, 2007 10:09am
15 p sudden move is just for take profit only. Short is great today, short bring me 110 p. So tomorow shall be more 100p downside.
Give me patience
  • #17,402
  • Jul 5, 2007 10:10am Jul 5, 2007 10:10am
daily paints a picture of a little more depth me thinks
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"Millionaires don't use astrology, billionaires do"
  • #17,403
  • Jul 5, 2007 10:11am Jul 5, 2007 10:11am
Quoting Bullfx
Short is great today, short bring me 110 p. So tomorow shall be more 100p downside.
+40 long

+98 short

too bad I trade small !!!!!!!!!!!!
For he that would be deceived, let him.
  • #17,404
  • Jul 5, 2007 10:15am Jul 5, 2007 10:15am
Quoting gobigo12
great time for a short after that jump up just now !!

*short on the eur/usd too
closing short now on cable (+77 pips)

closing eur/usd (+40 pips)

“Past performance is not indicative of future results”
  • #17,405
  • Jul 5, 2007 10:15am Jul 5, 2007 10:15am
Prolly the day traders covering shorts.
"Millionaires don't use astrology, billionaires do"
  • #17,406
  • Jul 5, 2007 10:15am Jul 5, 2007 10:15am
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 !!!!!
If the definition of 'overpriced' is that nobody is buying it then I guess any active trading point of a currency is never overpriced ? I just sold my mum's house for £235k - she paid £2,400 (no I didnt miss a zero) in the 60's. White flight plus a lot of divorce and single living means it's crazy high - but it can't be overpriced or it wouldn't be trading at that. I guess the Indians would say Manhattan property is overpriced compared to the 4 bear skins, a swiss army knife and a 5 pack of homer simpson's underpants it used to cost - but is it overpriced ? I can't sell my house - so that is overpriced....think I will just follow 'THE' price on GPB....
2.0148 for tonights closing ?
  • #17,407
  • Jul 5, 2007 10:18am Jul 5, 2007 10:18am
more for down..look gbp interest news..cable failed to break current high..and now cable already break 2.0130..look tomorow candle for confirmation..hope cabel open below 2.0130 because im seller now
  • #17,408
  • Jul 5, 2007 10:19am Jul 5, 2007 10:19am
Quoting allserene
If the definition of 'overpriced' is that nobody is buying it then I guess any active trading point of a currency is never overpriced ? I just sold my mum's house for £235k - she paid £2,400 (no I didnt miss a zero) in the 60's. White flight plus a lot of divorce and single living means it's crazy high - but it can't be overpriced or it wouldn't be trading at that. I guess the Indians would say Manhattan property is overpriced compared to the 4 bear skins, a swiss army knife and a 5 pack of homer simpson's underpants it used to cost - but is it overpriced ? I can't sell my house - so that is overpriced....think I will just follow 'THE' price on GPB....
2.0148 for tonights closing ?
If you read my answer to Camisa you will see that I added "time" to the equation.

over time everything could be worth anything...or vice versa....
For he that would be deceived, let him.
  • #17,409
  • Jul 5, 2007 10:31am Jul 5, 2007 10:31am
Quoting pinchapip
+40 long

+98 short

too bad I trade small !!!!!!!!!!!!
lol, you're lucky to get positive from the G/U assault.. u should be grateful dude!
  • #17,410
  • Jul 5, 2007 10:33am Jul 5, 2007 10:33am
Quoting zamans98
lol, you're lucky to get positive from the G/U assault.. u should be grateful dude!
I am !!!!!!!!!!!!!!!
For he that would be deceived, let him.
  • #17,411
  • Jul 5, 2007 10:34am Jul 5, 2007 10:34am
Quoting pinchapip
If you read my answer to Camisa you will see that I added "time" to the equation.

over time everything could be worth anything...or vice versa....
That's true - if I leave my house on the market a little longer, the market 'might' catch up and then it won't be overpriced - hum I suppose that might work for currencies if the twin US deficits or UK inflation continues - perhaps the 'overpricing' of GBP is therefore just anticipation...and if the anticipation is correct, then it isnt overpriced.
Who knows, who cares, only where it is off to next is our concern... I started a small long when it hit 2.0099 but I am not convinced about 2.0148 so I might bale out and have a cup of tea instead...
  • #17,412
  • Jul 5, 2007 10:34am Jul 5, 2007 10:34am
Quoting angiegiles00
Hi there - I am doing same trade, but looking at .9990/95 Was not going to trade today, but have thought long and hard and going for it..

Good Luck....

Locked in +70 pips on this short of earlier this afternoon.....letting the rest ride.............

  • #17,413
  • Jul 5, 2007 10:45am Jul 5, 2007 10:45am
time for a nap
"Millionaires don't use astrology, billionaires do"
  • #17,414
  • Jul 5, 2007 10:47am Jul 5, 2007 10:47am
Quoting zamans98
aha. We are back to 2.0100...

so where the heck is cesarnc? He was saying BYE BYE 100's??
here you are mr.zaman98.
i thought the short traders had dissappeared
  • #17,415
  • Jul 5, 2007 11:01am Jul 5, 2007 11:01am
Quoting hijackxx@hotmai
here you are mr.zaman98.
i thought the short traders had dissappeared
I made nothing today... ended up wounded in GU battle. Still bleeding in KIWI. Those bastards at RBNZ are doing nothing, but watching their b@lls perhaps. Bunch of idiots...
  • #17,416
  • Jul 5, 2007 11:04am Jul 5, 2007 11:04am
Ending the day at 0140-150 is not crazy at all

Interesting was how Cable reacted bullish in the interest rate and then USD fired a rocket to its upside. Two unrelated events, each one pulling to different sides...

USD index tried but still lies in a coma at 81.50. NFP the answer? After the nasty NFP last month, I know one thing: I dont know.

Calling it a day for practical purposes.
  • #17,417
  • Jul 5, 2007 11:06am Jul 5, 2007 11:06am
Quoting cesarnc
Ending the day at 0140-150 is not crazy at all

Interesting was how Cable reacted bullish in the interest rate and then USD fired a rocket to its upside. Two unrelated events, each one pulling to different sides...

USD index tried but still lies in a coma at 81.50. NFP the answer? After the nasty NFP last month, I know one thing: I dont know.

Calling it a day for practical purposes.

http://chart.finance.yahoo.com/c/3m/_/_tnx

This will be holding the answer for GU 2.00000 tomorrow. See that early June vs USD strength.
  • #17,418
  • Jul 5, 2007 11:10am Jul 5, 2007 11:10am
Quoting cesarnc
Ending the day at 0140-150 is not crazy at all

Interesting was how Cable reacted bullish in the interest rate and then USD fired a rocket to its upside. Two unrelated events, each one pulling to different sides...

USD index tried but still lies in a coma at 81.50. NFP the answer? After the nasty NFP last month, I know one thing: I dont know.

Calling it a day for practical purposes.
Yes - knowing when you don't know is a wonderful gift - I know that - but if I know I don't know about stuff then perhaps I am wrong about that too and really I do know..... I have been watching too much Homer...
I am going to lay down now - I may be some time....
  • #17,419
  • Jul 5, 2007 11:11am Jul 5, 2007 11:11am
Quoting zamans98
I made nothing today... ended up wounded in GU battle. Still bleeding in KIWI. Those bastards at RBNZ are doing nothing, but watching their b@lls perhaps. Bunch of idiots...
im sorry for my question. whats a KIWI??
  • #17,420
  • Jul 5, 2007 11:14am Jul 5, 2007 11:14am
10-Yr Bond5.13% http://us.i1.yimg.com/us.yimg.com/i/us/fi/03rd/up_g.gif 0.08
So, unlikely Cable will stay above at 2.0130 area...
Looks like will range between 2.0100-20
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