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Cable Update (GBPUSD)

  • #18,041
  • Jul 10, 2007 9:44am Jul 10, 2007 9:44am
simple question for a simple awnser!

What the hell is happening to the dollar? bonds or something?

I can understand the bullish sentiment but why today this highs?
  • #18,042
  • Jul 10, 2007 9:45am Jul 10, 2007 9:45am
By the time Bernanke comes, 2.0200 and 3700 will be already SUPPORTS

  • #18,043
  • Jul 10, 2007 9:46am Jul 10, 2007 9:46am
Now these are the 100+ pip days that I remember.....
  • #18,044
  • Jul 10, 2007 9:47am Jul 10, 2007 9:47am
Quoting cesarnc
By the time Bernanke comes, 2.0200 and 3700 will be already SUPPORTS


That is too funny....
  • #18,045
  • Jul 10, 2007 9:50am Jul 10, 2007 9:50am
Quoting cesarnc
By the time Bernanke comes, 2.0200 and 3700 will be already SUPPORTS

Do you mean 2.0300 and 3750 ?
  • #18,046
  • Jul 10, 2007 9:51am Jul 10, 2007 9:51am
Quoting Turtle
Now these are the 100+ pip days that I remember.....
OMG!!! This is only my second week of live trading.......gotta keep a cool head tho....
  • #18,047
  • Jul 10, 2007 9:52am Jul 10, 2007 9:52am
Wow! What a perfect day
  • #18,048
  • Jul 10, 2007 9:52am Jul 10, 2007 9:52am
Quoting cesarnc
By the time Bernanke comes, 2.0200 and 3700 will be already SUPPORTS

OMG LOL ^_^

Bo Bernanke, GO~~~
  • #18,049
  • Jul 10, 2007 9:54am Jul 10, 2007 9:54am
Quoting cesarnc
By the time Bernanke comes, 2.0200 and 3700 will be already SUPPORTS

Would be a nice place to buy on the dips???
  • #18,050
  • Jul 10, 2007 10:08am Jul 10, 2007 10:08am
Quoting Turtle
This is one that I watch only looking at the bullet statement...I thank cesarnc for this link.


http://news.efxnow.com/en/commentary/index.html

Hope that helps...
Thank you.
  • #18,051
  • Jul 10, 2007 10:17am Jul 10, 2007 10:17am
Quoting Bullfx
Cera don't worry, next week shall be 300 p down

Oh yeah, any day now.
  • #18,052
  • Jul 10, 2007 10:36am Jul 10, 2007 10:36am
Quoting SunTrader
Oh yeah, any day now.
  • #18,053
  • Jul 10, 2007 10:51am Jul 10, 2007 10:51am
Quoting AnneMarie
Thank you.
This commentary really sxxks......just read it for fun....

Never ever believe what that commentary says..



The USS Enterprise carrier group is to replace the Nimitz, so not an addition to the Persian Gulf contingent
  • #18,054
  • Jul 10, 2007 10:53am Jul 10, 2007 10:53am
that was the last streching of the cable up.... from now - only down
  • #18,055
  • Jul 10, 2007 10:56am Jul 10, 2007 10:56am
Quoting venci
that was the last streching of the cable up.... from now - only down
Sure it was!!!

BTW, reading that kind of stuff since 2.0000
  • #18,056
  • Jul 10, 2007 11:06am Jul 10, 2007 11:06am
I was lucky and unlucky at the same time, I had a long order at 2.0082 which was opened since Friday, and I left it with target open,, I was away today and when I came back I found that cable had reached 2.0273 which is almost +190 pips, but now it is 2.0240, I was lucky coz I said that I will close it at the end of Friday US session @ current price, but I was unlucky coz I missed the +190 pips, I will keep it open with SL @ 2.0210, but at the same time I'm confused, I close it now @ current price or keep it open, any advise please
  • #18,057
  • Jul 10, 2007 11:11am Jul 10, 2007 11:11am
Quoting venci
that was the last streching of the cable up.... from now - only down
no no, the trend now is Long Cable Long
  • #18,058
  • Jul 10, 2007 11:15am Jul 10, 2007 11:15am
any body knows when gbp-usd reached this high 2.0274 ???is the dolar too weak,or the pound is too strong ...or some thing we dont know!!!or is it a forex game !!!!or may be a 3rd world war ...but,we didnt have it in the news...a wise man will never give any answer....may be im not fool enough to understand that....remember plz,if u want to buy click the sell button...if u want to sell click the buy button....and good luck
  • #18,059
  • Jul 10, 2007 11:16am Jul 10, 2007 11:16am
Quoting venci
that was the last streching of the cable up.... from now - only down
2.05 on the horizon... or is it the Enterprise with full steam up on it's way to establish peace and democracy....... a collapse in the dollar does not mean 2.0130 or 2.0200 or even 2.0500..
  • #18,060
  • Jul 10, 2007 11:17am Jul 10, 2007 11:17am
Quoting pino2
I was lucky and unlucky at the same time, I had a long order at 2.0082 which was opened since Friday, and I left it with target open,, I was away today and when I came back I found that cable had reached 2.0273 which is almost +190 pips, but now it is 2.0240, I was lucky coz I said that I will close it at the end of Friday US session @ current price, but I was unlucky coz I missed the +190 pips, I will keep it open with SL @ 2.0210, but at the same time I'm confused, I close it now @ current price or keep it open, any advise please
At first glance, we might have found the top for the day. A lot of wounds to lick in the dollar side. But I can't see this last run as final.

0210 is the price I'm bound to start loading the truck again. From 0210 down to 0185 if such. You can consider TP here and start buying again at retracements or lower your SL to 0187, locking 100 pips and go adding above 0200 if price action tells you to.

Anyhow, you're in good shape and have profits enough to fund new trades
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