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Cable Update (GBPUSD)

  • #17,501
  • Jul 6, 2007 3:25am Jul 6, 2007 3:25am
Quoting OrionsWay
Yea thats what im thinking, some demand showing its face on the lows as well, this is healthy for inhale exhale of market, so this can be overcome and they cover if they truely are selling.
Seems to me they're looking for a better short entry
Patience + Humility + Study = Success
  • #17,502
  • Jul 6, 2007 3:27am Jul 6, 2007 3:27am
Weak data will give 25-40 pips down for GU...

I parked my LONG mini truck at 2.0050... good until 820am...
  • #17,503
  • Jul 6, 2007 3:30am Jul 6, 2007 3:30am
GBP Industrial Production 0.6
  • #17,504
  • Jul 6, 2007 3:31am Jul 6, 2007 3:31am
hmm.. good data...

I will wait and see..
  • #17,505
  • Jul 6, 2007 3:31am Jul 6, 2007 3:31am
Excellent!
  • #17,506
  • Jul 6, 2007 3:31am Jul 6, 2007 3:31am
Good for Pound
  • #17,507
  • Jul 6, 2007 3:33am Jul 6, 2007 3:33am
Doesn't look like the market really wants to go up, at least not now. Probably waiting for NFP.
  • #17,508
  • Jul 6, 2007 3:35am Jul 6, 2007 3:35am
Quoting DutchTrader
Seems to me they're looking for a better short entry

Yea no doubt, test of 0150 would be great
"Millionaires don't use astrology, billionaires do"
  • #17,509
  • Jul 6, 2007 3:35am Jul 6, 2007 3:35am
Quoting LazyPip
Doesn't look like the market really wants to go up, at least not now. Probably waiting for NFP.
'
*#@($#$&)( what a joke... LOL
+10 pips only for Tier 1 data...

Guess they are waiting for NFP or market will react when NY traders are in at 7.

Level II data shows SELLER more than BUYER...
  • #17,510
  • Jul 6, 2007 3:36am Jul 6, 2007 3:36am
Yes, GBPUSD is almost all about the $ now.
  • #17,511
  • Jul 6, 2007 3:36am Jul 6, 2007 3:36am
yea, not much. NFP in about 4hrs.


Sentiment is NFP is going to be good for US with Jobs increasing and unemployment decreasing 1st and 2nd quarter
  • #17,512
  • Jul 6, 2007 3:37am Jul 6, 2007 3:37am
I am long from 2.115 TP only few pips.
  • #17,513
  • Jul 6, 2007 3:37am Jul 6, 2007 3:37am
Quoting LazyPip
Doesn't look like the market really wants to go up, at least not now. Probably waiting for NFP.
I think there is limited upside, as the market was aware of strong UK production/housing, etc. now they're looking for a confirmation to the forecast for a US slowdown. If that is confirmed, which doesnt seem likely as the US economy has more lives than a cat, then we'll see another topside attempt imvho. I'm flat till NFP, playing USD/CAD with CAD data. FWIW 2.0140 is the sell zone so r/r isn't worth it. Good trades.
Patience + Humility + Study = Success
  • #17,514
  • Jul 6, 2007 3:44am Jul 6, 2007 3:44am
Quoting zamans98
'
*#@($#$&)( what a joke... LOL
+10 pips only for Tier 1 data...

Guess they are waiting for NFP or market will react when NY traders are in at 7.

Level II data shows SELLER more than BUYER...
where did u get the L2 data?
  • #17,515
  • Jul 6, 2007 3:56am Jul 6, 2007 3:56am
Better than expected data didnt support gbp.

Down gbp...down....
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  • #17,516
  • Jul 6, 2007 4:01am Jul 6, 2007 4:01am
Thank you cable for the pullback after the better than expected IP & MP figures, prices jumped to 2.0127 very near to my 2.0135 my SL for the 2.0189 short trade, I hope that cable don't come again to this area and that will be the first and last time for cable to visit the 2.0120-2.0130 for today, cable this is enough and let my short trade enjoy it's day in peace, thank you in advance
  • #17,517
  • Jul 6, 2007 4:01am Jul 6, 2007 4:01am
Why on earth does anyone still want to buy USD? It's just sooo retarded...
  • #17,518
  • Jul 6, 2007 4:05am Jul 6, 2007 4:05am
Quoting pino2
Thank you cable for the pullback after the better than expected IP & MP figures, prices jumped to 2.0127 very near to my 2.0135 my SL for the 2.0189 short trade, I hope that cable don't come again to this area and that will be the first and last time for cable to visit the 2.0120-2.0130 for today, cable this is enough and let my short trade enjoy it's day in peace, thank you in advance

Amen
  • #17,519
  • Jul 6, 2007 4:08am Jul 6, 2007 4:08am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
Quote
Why on earth does anyone still want to buy USD? It's just sooo retarded...

?????!!!!???
What? There is no wrong opinion in this market, dude....
  • #17,520
  • Jul 6, 2007 4:09am Jul 6, 2007 4:09am
Quoting ganymedes
Why on earth does anyone still want to buy USD? It's just sooo retarded...

As apposed to what GBP, its just a matter of time until UK economy melts down. Noone can afford to live anymore
"Millionaires don't use astrology, billionaires do"
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