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Cable Update (GBPUSD)

  • #18,121
  • Jul 10, 2007 2:24pm Jul 10, 2007 2:24pm
Quoting angiegiles00
I only just missed out on that one!! I put in to buy at 2.0220, needless to say trade was not triggered....

Strange to see this thread still so busy this time of evening (UK)....
Cable is a hot topic, especially since July 1st.
  • #18,122
  • Jul 10, 2007 2:24pm Jul 10, 2007 2:24pm
Cesar, impressive analysis
  • #18,123
  • Jul 10, 2007 2:29pm Jul 10, 2007 2:29pm
Quoting Turtle
Cable is a hot topic, especially since July 1st.
Cable was off topic, specially in the month of June
  • #18,124
  • Jul 10, 2007 2:31pm Jul 10, 2007 2:31pm
we have an intresting Gap on the charts 4 pips done on low volume, i wonder a sign of weakness?
"Millionaires don't use astrology, billionaires do"
  • #18,125
  • Jul 10, 2007 2:37pm Jul 10, 2007 2:37pm
Quoting cesarnc

.......Overall, I do not expect any motivated USD buyers as long as major figures are reached, like 0300 and 3800....

This may be in terms of initiating new Dollar long positions - however the extreme COT numbers are warning of a correction pretty soon . We have small specs extreme long and commercials extreme short. Once the snowball starts, it will be hard to stop until commercials start shifting their weight.

Remember correction earlier in the year. So many bought the idea of 2.0000 but at the wrong spot - then the correction came and everyone forgot about long term trend and leveraged up to cover earlier losses, only for the trend direction to kick back in and wipe em all out. Not saying go long dollar, but be careful. I have been right many times about where price is going only to lose money not taaking into consideration how it can get there.

Theres alot of leverage out there adding to dollar shorting at this point in time - Once this starts to unwind, be prepared.
Man who scratches ass should not bite fingernails
  • #18,126
  • Jul 10, 2007 2:40pm Jul 10, 2007 2:40pm
Quoting pino2
Cesar, impressive analysis
Thanks...

Still struggling here... Just managed to pocket 30 pips going UJ short to B/E other dreaded trades. UNBELIEVABLE the volatility at this time!!!!

For those complaining about the forex market, have a look at your charts today!!!!

UJ 200 pips down and F-A-L-L-I-N-G
  • #18,127
  • Jul 10, 2007 2:48pm Jul 10, 2007 2:48pm
Quoting cesarnc
Thanks...

Still struggling here... Just managed to pocket 30 pips going UJ short to B/E other dreaded trades. UNBELIEVABLE the volatility at this time!!!!

For those complaining about the forex market, have a look at your charts today!!!!

UJ 200 pips down and F-A-L-L-I-N-G
Do you think this is a set up to buy on the dips with BOJ set to hold interest rates on Thursday morning?????
  • #18,128
  • Jul 10, 2007 2:49pm Jul 10, 2007 2:49pm
Quoting Leugimp
This may be in terms of initiating new Dollar long positions - however the extreme COT numbers are warning of a correction pretty soon . We have small specs extreme long and commercials extreme short. Once the snowball starts, it will be hard to stop until commercials start shifting their weight.

Remember correction earlier in the year. So many bought the idea of 2.0000 but at the wrong spot - then the correction came and everyone forgot about long term trend and leveraged up to cover earlier losses, only for the trend direction to kick back in and wipe em all out. Not saying go long dollar, but be careful. I have been right many times about where price is going only to lose money not taaking into consideration how it can get there.

Theres alot of leverage out there adding to dollar shorting at this point in time - Once this starts to unwind, be prepared.
Perfect Leugimp. But you also know that in overextended moves like today's, the tendency is bulls to grab the bears by the balls and squeeze until the last drop drops (or the other way around, depending on the pair )

That's why I think we haven't seen the last drop. Usually closer to big figures
  • #18,129
  • Jul 10, 2007 2:52pm Jul 10, 2007 2:52pm
Euro and gbp making more uphill noise as we speak....
  • #18,130
  • Jul 10, 2007 2:54pm Jul 10, 2007 2:54pm
Quoting cesarnc
..... the tendency is bulls to grab the bears by the balls and squeeze...

lol...now you're tempting me to be a bear.
Man who scratches ass should not bite fingernails
  • #18,131
  • Jul 10, 2007 3:00pm Jul 10, 2007 3:00pm
Quoting cesarnc
Perfect Leugimp. But you also know that in overextended moves like today's, the tendency is bulls to grab the bears by the balls and squeeze until the last drop drops (or the other way around, depending on the pair )

That's why I think we haven't seen the last drop. Usually closer to big figures
Look for that doji candle on the dailys to give the clue - As far as bulls grabbing bears by the balls, it is true what you say, but when there are no bear balls left to grab, the tendency is for bulls to grab their own balls as the violent rollercoaster ride begins.
Man who scratches ass should not bite fingernails
  • #18,132
  • Jul 10, 2007 3:16pm Jul 10, 2007 3:16pm
Quoting Leugimp
Look for that doji candle on the dailys to give the clue - As far as bulls grabbing bears by the balls, it is true what you say, but when there are no bear balls left to grab, the tendency is for bulls to grab their own balls as the violent rollercoaster ride begins.
Bring it on
  • #18,133
  • Jul 10, 2007 3:17pm Jul 10, 2007 3:17pm
Market is pretty jumpy across the board for this time of day??
  • #18,134
  • Jul 10, 2007 3:28pm Jul 10, 2007 3:28pm
Man !!!!!! Just got home...and what tha heck...IM RICH !!!!!!!!!!!!!!!
For he that would be deceived, let him.
  • #18,135
  • Jul 10, 2007 3:30pm Jul 10, 2007 3:30pm
Quoting pinchapip
Man !!!!!! Just got home...and what tha heck...IM RICH !!!!!!!!!!!!!!!

haha, congratulations. now you can go kaching kaching like a true pro! :-D
  • #18,136
  • Jul 10, 2007 3:31pm Jul 10, 2007 3:31pm
Usd-index at 80.666..

That can't be good
  • #18,137
  • Jul 10, 2007 3:51pm Jul 10, 2007 3:51pm
Quoting cesarnc
Usd-index at 80.666..

That can't be good
So what does that mean?
  • #18,138
  • Jul 10, 2007 3:54pm Jul 10, 2007 3:54pm
Quoting pino2
So what does that mean?
Just kidding about the 666 figure...

Can't be good for the dollar, c'mon!!!
  • #18,139
  • Jul 10, 2007 4:01pm Jul 10, 2007 4:01pm
GJ went down like 200 pips and then went up again like 100 pips in the last hour, Asia session is running wild:surprised
  • #18,140
  • Jul 10, 2007 4:06pm Jul 10, 2007 4:06pm
Quoting pino2
GJ went down like 200 pips and then went up again like 100 pips in the last hour, Asia session is running wild:surprised
Desperate Japanese housewives !!!
For he that would be deceived, let him.
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