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Cable Update (GBPUSD)

  • #17,521
  • Jul 6, 2007 4:12am Jul 6, 2007 4:12am
Quoting ganymedes
Why on earth does anyone still want to buy USD? It's just sooo retarded...

The one think I know for sure in the markets is when there's no one left to buy then the price WILL advance. Supply and demand.
  • #17,522
  • Jul 6, 2007 4:14am Jul 6, 2007 4:14am
the less the market moves till n.f.p. the better the drama
If I Go Broke Trying Then I Will die happy.
  • #17,523
  • Jul 6, 2007 4:14am Jul 6, 2007 4:14am
  •  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...

Look at the USD/YEN and you will see USD sells like ashtrays in MCdonalds
  • #17,524
  • Jul 6, 2007 4:17am Jul 6, 2007 4:17am
Quoting dado26
?????!!!!???
What? There is no wrong opinion in this market, dude....
I'm sorry. I just had to. I'm a big dollar bear. Maybe not intraday, but in a slightly bigger perspective (weeks to months).
  • #17,525
  • Jul 6, 2007 4:17am Jul 6, 2007 4:17am
USD meltdown
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_24.jpg Size: 55 KB
"Millionaires don't use astrology, billionaires do"
  • #17,526
  • Jul 6, 2007 4:17am Jul 6, 2007 4:17am
Quoting extrarm
where did u get the L2 data?
Register here and you can have CME L2 data
Johann Channels and cycles are everything
  • #17,527
  • Jul 6, 2007 4:18am Jul 6, 2007 4:18am
2.0064 is the door for cable today to continue it's down move, if not seen so cable will keep on playing in the 2.01's area till she reached the 2.02's
  • #17,528
  • Jul 6, 2007 4:18am Jul 6, 2007 4:18am
Quoting Moe
the less the market moves till n.f.p. the better the drama
yes it will be tragedy for USD
  • #17,529
  • Jul 6, 2007 4:20am Jul 6, 2007 4:20am
Quoting OrionsWay
As apposed to what GBP, its just a matter of time until UK economy melts down. Noone can afford to live anymore
I agree that GBP will weaken in the future. But at the moment, it is actually a relatively stable currency. USD, on the other hand, is in the middle of a major downtrend.
  • #17,530
  • Jul 6, 2007 4:20am Jul 6, 2007 4:20am
Quoting manu.aquetdju
yes it will be tragedy for USD
hmmm why is that so?
  • #17,531
  • Jul 6, 2007 4:23am Jul 6, 2007 4:23am
"If it won't go down, then it will go up."

I'm damn sure that this is what it's going to happen today.....

C'mon, people. This is NFP day. Small window to trade. NFP is nasty business:

1- you never know how it is coming out
2- you never know how the revision is coming out, which btw, is more important than the actual figure if shows 10-30% deviation from the previous
3- you never know how the market will react. 30 pips ? 80 pips? 50 pips up then 80 pips down?

Any "I think it will" is just unthinkable
  • #17,532
  • Jul 6, 2007 4:25am Jul 6, 2007 4:25am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
Quote
I just had to. I'm a big dollar bear

You dont like president Bush or what?.... joking
We will have to wait for NFP to see where cable is heading to......
I hope you ll all make some pips.... I wont trade today and I didnt yesterday...to volatile for me.....
  • #17,533
  • Jul 6, 2007 4:27am Jul 6, 2007 4:27am
Quoting ganymedes
I agree that GBP will weaken in the future. But at the moment, it is actually a relatively stable currency. USD, on the other hand, is in the middle of a major downtrend.

Yep no doubt about it, just going through exhale phase to muster the short covering creating imbalance in order flow. result more buys than sells. ? is Where do professionals LT players buy Yearly monthly weekly daily 50 bar 100 bar MA's
"Millionaires don't use astrology, billionaires do"
  • #17,534
  • Jul 6, 2007 4:28am Jul 6, 2007 4:28am
Quoting cesarnc
"If it won't go down, then it will go up."

I'm damn sure that this is what it's going to happen today.....

C'mon, people. This is NFP day. Small window to trade. NFP is nasty business:

1- you never know how it is coming out
2- you never know how the revision is coming out, which btw, is more important than the actual figure if shows 10-30% deviation from the previous
3- you never know how the market will react. 30 pips ? 80 pips? 50 pips up then 80 pips down?

Any "I think it will" is just unthinkable
Absolutely spot on Cesarnc - NFP trading is like red/black at roulette or tossing a coin. When will people realise that.
  • #17,535
  • Jul 6, 2007 4:28am Jul 6, 2007 4:28am
Quoting dado26
You dont like president Bush or what?.... joking
We will have to wait for NFP to see where cable is heading to......
I hope you ll all make some pips.... I wont trade today and I didnt yesterday...to volatile for me.....
lol dollar has been bear since bush took seat...usdchf
  • #17,536
  • Jul 6, 2007 4:29am Jul 6, 2007 4:29am
Quoting cesarnc
"If it won't go down, then it will go up."

I'm damn sure that this is what it's going to happen today.....

C'mon, people. This is NFP day. Small window to trade. NFP is nasty business:

1- you never know how it is coming out
2- you never know how the revision is coming out, which btw, is more important than the actual figure if shows 10-30% deviation from the previous
3- you never know how the market will react. 30 pips ? 80 pips? 50 pips up then 80 pips down?

Any "I think it will" is just unthinkable
I'm damn sure about the 3 points you mentioned above, you didn't add something new
  • #17,537
  • Jul 6, 2007 4:33am Jul 6, 2007 4:33am
Quoting pino2
I'm damn sure about the 3 points you mentioned above, you didn't add something new
I apologize then....

At the current dollar level, I'm selling dollar rallies.
  • #17,538
  • Jul 6, 2007 4:37am Jul 6, 2007 4:37am
It looks to me at least atm that we came down to test the lows and was bought with a good turn out for time of day followed by more selling, then news flash propping price up only to meet more selling with even greater convictions closing on the low. As this unfolds if this current hr bar makes no advance buyers seem not intrested. Too much supply still in the market. That would suggest dropping market or someone will have to absorb alot of selling, that is not good money making strategy i dont think since we are still very high. My bet they make a stand much lower and buy cheaper for the next advance if that is the markets true desire.
"Millionaires don't use astrology, billionaires do"
  • #17,539
  • Jul 6, 2007 4:41am Jul 6, 2007 4:41am
I closed my 2nd lot of the 2.0189 short trade now @ 2.0095 (+90 pips), if I kept it open till the report than I'm gambling
  • #17,540
  • Jul 6, 2007 4:41am Jul 6, 2007 4:41am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
Quote
lol dollar has been bear since bush took seat...usdchf


Couse he is always instead of ......
But will leave him alone...he has enought of his own problems....he can make this website disapear....
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