Cable Update (GBPUSD)

Quoting ganymedes

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I apologize if I hurt anyone's feelings.
It was not ment as an insult to any person/trader, just expressing my opinion about the dollar going up. And in an intraday/week perspective, buying the dollar is definitely an excellent trade at the right points in time...

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Quoting cesarnc

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Where the hell is bravado?

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Quoting cesarnc

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While we wait, let's make it a poll.

"Where the hell is bravado?"

a) digging his way out of the enormous amount of stoplosses that was dumped over his head, while he was shorting the crap out of cable at 2.00XX

b) He "cha-chin"'ed so much that sucked his broker dry. Now trying to negotiate a withdrawal

c) cash register out-of-order.



Oh, of course:

d)- last seen driving a Mercedes downtown London, trying to save his Cable shorts

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Quoting karmostaji

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Ofcourse

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Quoting cesarnc

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about half an hour for the big daddy.... Soooo wanting a sub-100k reading, revision down 20%

:surprised

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Quoting DutchTrader

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Why do you hate America?

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Quoting cesarnc

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I don't hate America. I like Cable longs... There is no such thing as "quadruple" top (0200 area). So any failure in the dollar these days is an open freeway to 0300

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Quoting cesarnc

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I don't hate America. I like Cable longs... There is no such thing as "quadruple" top (0200 area). So any failure in the dollar these days is an open freeway to 0300

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Quoting DutchTrader

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I was joking:

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Quote

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My LONG truck parked at highway no. 2.0000. Infact, there's couple of LONG truck there.
How about yours?

Quoting cesarnc

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I know.



Depends on the release. On USD positive data, I'm a buyer from the 0030s down to 0000.

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Quoting persian.forex

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Then at 8.30 p.m. NY time we have U.S. Non-Farm Employment coming out. It is a big report that everyone is anticipating. Unfortunately, it is a very hard one to trade. It may have some whipsaw actions and/or full retracements to about pre-release price. We will see what will happen tomorrow then. Non-Farm Payroll is expected to come out at about 125,000 versus 157,000 last month. If it reads 175,000 or higher, I believe that would be bullish for the U.S. dollar, and we may possibly see GBP/USD going down by 50 pips or more in the first hour of the report. On the other hand, if the report reads 75,000, I think that would be pretty bad for the U.S. dollar, and we may possibly see GBP/USD going up by 50 pips or more in the first hour of the the report. 50 pips is very conservative, it is possible the move will be 80 pips or more but, as always, it will depend on where important price levels are, and all that. I think 50 pips with such deviation is very reasonable and very conse! rvative.

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Quoting persian.forex

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Then at 8.30 p.m. NY time we have U.S. Non-Farm Employment coming out. It is a big report that everyone is anticipating. Unfortunately, it is a very hard one to trade. It may have some whipsaw actions and/or full retracements to about pre-release price. We will see what will happen tomorrow then. Non-Farm Payroll is expected to come out at about 125,000 versus 157,000 last month. If it reads 175,000 or higher, I believe that would be bullish for the U.S. dollar, and we may possibly see GBP/USD going down by 50 pips or more in the first hour of the report. On the other hand, if the report reads 75,000, I think that would be pretty bad for the U.S. dollar, and we may possibly see GBP/USD going up by 50 pips or more in the first hour of the the report. 50 pips is very conservative, it is possible the move will be 80 pips or more but, as always, it will depend on where important price levels are, and all that. I think 50 pips with such deviation is very reasonable and very conse! rvative.

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