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Cable Update (GBPUSD)

  • #19,221
  • Jul 17, 2007 8:26am Jul 17, 2007 8:26am
Quoting cesarnc
F@#@#CK it. I'm short. Will add at soros' 0500 and kill somebody at 0600.

Sick of this...

Short Euro too and long UJ...

Dice are rolling.

A Tru Pro
Good luck our friend
Trade what you see, not what you think.
  • #19,222
  • Jul 17, 2007 8:26am Jul 17, 2007 8:26am
still bulls...
tomorow is another day, (to get rid of shorts) isnt it,...
we got boe minutes & oil news...Soros dream might come true. 2.05 was almost reached today, wasnt it?
it feels preety comfrtoble (spelled wrong, what a hell) above 400 DOESNT IT?

I was reading the TIC news early in the morning, that some hedge funds, finds hard to sell unliquid, i dont know what, but banks will help them, i think it was morgan news on bloomberg...yes thats what it was.
its just money
  • #19,223
  • Jul 17, 2007 8:27am Jul 17, 2007 8:27am
Don't expect one or two reports to change a solid trend.
US economic data is released several times each week.
If the players were very uncertain and nervous, bigger moves could be expected. But this is is not the case now. A 6 year old can figure out that the USD is )&#¤(/"!!
And remember that a lot of these numbers are like monthly change, and does not directly indicate the health of the economy or currency.
  • #19,224
  • Jul 17, 2007 8:30am Jul 17, 2007 8:30am
many somaliys and ethiopians r planing this summer to go as turists to united states this summer due to the us curency.....they hope that trip will be cery cheep.....and a good chance to see great america.
happy days for all
best wishes
  • #19,225
  • Jul 17, 2007 8:30am Jul 17, 2007 8:30am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
watching aud/usd eur/usd, both moved more than cable and in the down direction, these seem to have proped cable lately and this may help the turn around.
  • #19,226
  • Jul 17, 2007 8:32am Jul 17, 2007 8:32am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting MPP
watching aud/usd eur/usd, both moved more than cable and in the down direction, these seem to have proped cable lately and this may help the turn around.

Should have added, very small movement, but uniform for a change.
  • #19,227
  • Jul 17, 2007 8:35am Jul 17, 2007 8:35am
Quoting tahshoon
many somaliys and ethiopians r planing this summer to go as turists to united states this summer due to the us curency.....they hope that trip will be cery cheep.....and a good chance to see great america.
happy days for all
best wishes
It's a shame the GBP is so high and you cannot all come here to the UK - but I am sure the Americans will give you a warm welcome
  • #19,228
  • Jul 17, 2007 8:35am Jul 17, 2007 8:35am
Quoting gmohata
This just DOESNT make ANY SENSE - i follow data and corelations very religiously - and so far i had a theory that US data is all made up - now i am certain that is the case

- PPI - negative - what !!!! Rising oil prices, rising commodity prices, rising labor costs, - HOW CAN PPI be negative ??

- TICS - Shocker - i have no idea who would buy US$ bonds to that amount - Most large bond holders are already looking to diversify

Its almost as if the Fed is telling a story - All is good DO NOT Panic - Let the US$ depreciate because we are not going to raise interest rates because the PPI is low, whereas the real reason is because of housing issues - and the economy looks great because people are buying our bonds.

I dont trust this one bit .. but thats just me

\Me
trading since 2000

ha, I am with you..

i was thinking of the same way...

since there is no way to raise interest rate (per PPI)...they come up with fake data..
Pipology 101 student
  • #19,229
  • Jul 17, 2007 8:37am Jul 17, 2007 8:37am
USDX had the highest traded volumes on july 9th 10th in many many years. Selling climax then drifted down to dbl bottom, hasnt budged lower since and its not gonna
"Millionaires don't use astrology, billionaires do"
  • #19,230
  • Jul 17, 2007 8:38am Jul 17, 2007 8:38am
Quoting ganymedes
Don't expect one or two reports to change a solid trend.
US economic data is released several times each week.
If the players were very uncertain and nervous, bigger moves could be expected. But this is is not the case now. A 6 year old can figure out that the USD is )&#¤(/"!!
And remember that a lot of these numbers are like monthly change, and does not directly indicate the health of the economy or currency.

I agree with this also..

but small reveral may be at hand though --
Pipology 101 student
  • #19,231
  • Jul 17, 2007 8:40am Jul 17, 2007 8:40am
I go long here, the chart shows that bear is losing its momentum in 15m TF
Hello World
  • #19,232
  • Jul 17, 2007 8:47am Jul 17, 2007 8:47am
SEND HER VICTORIOUS
HAPPY AND GLORIOUS
OUR POUND IS NOTORIOUS
GOD SAVE THE GREEN (back)
  • #19,233
  • Jul 17, 2007 8:48am Jul 17, 2007 8:48am
is this a retracement from the bull run?
  • #19,234
  • Jul 17, 2007 8:49am Jul 17, 2007 8:49am
Quote
Its almost as if the Fed is telling a story - All is good DO NOT Panic - Let the US$ depreciate because we are not going to raise interest rates because the PPI is low, whereas the real reason is because of housing issues - and the economy looks great because people are buying our bonds.

With the jerks we have at the white house right now..hehehhehe...doesn't surprise me !!!!

They cheated on the elections, made up 9/11, made war on Iraq for oil, etc...etc

The dollar devaluation will probably fake a industry recovery...you know for the next election !!!
For he that would be deceived, let him.
  • #19,235
  • Jul 17, 2007 8:50am Jul 17, 2007 8:50am
Dow Jones playing the shy girl right now. High 13,997
  • #19,236
  • Jul 17, 2007 8:51am Jul 17, 2007 8:51am
Quoting OrionsWay
USDX had the highest traded volumes on july 9th 10th in many many years. Selling climax then drifted down to dbl bottom, hasnt budged lower since and its not gonna
Says.....who?
Or: Why not?
Or: What guarantee is there for that?
Or: Er. We haven't even closed today's bar yet.

Etc, etc.

Currently pondering keeping those cable longs just a weeeeee bit longer as I am considering using the GBPCHF / GBPJPY levels to navigate potentially possible corresponding GBPUSD levels..

We're starting to see big figures. 250 GJ, 2.46 GC...another 2-400 each isn't THAT out of the picture, no?

We should have a good 50-150 pips left in cable for this week...

Just mad musings, nothing else.
Trust price. Know yourself.
  • #19,237
  • Jul 17, 2007 9:01am Jul 17, 2007 9:01am
Quoting cesarnc
Dow Jones playing the shy girl right now. High 13,997
See my post a few hours earlier today when i longed it up to 13996 - it was already crazy high with oil going through the roof - stupid high - I don't believe in it - but I adopted you guys philosophy of putting common sense in the trash can and going with the herd...got my DOW points pocketed and trying not to short at 14000- don't know if I will succeed in staying out
oil at $75 !!!! gimme a break - please somebody stop me shorting it now...
Going for cable at 2.05 - I am a believer
  • #19,238
  • Jul 17, 2007 9:02am Jul 17, 2007 9:02am
Cable will be falling some more in 3 hrs time.... i goin watch tis pair tonite...
  • #19,239
  • Jul 17, 2007 9:04am Jul 17, 2007 9:04am
You know, considering the fact that we're basically just replaying last year 1:1 and almost in the same fashion AND the same time frame, people are making it terribly hard to earn their chunk of the 1000 pips.


I know it's too simple to be true, but it is.
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Trust price. Know yourself.
  • #19,240
  • Jul 17, 2007 9:06am Jul 17, 2007 9:06am
They even had the same 1-2-3 off the low (this is the chart this July, 2007)
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Trust price. Know yourself.
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