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Cable Update (GBPUSD)

  • #19,501
  • Jul 18, 2007 2:45am Jul 18, 2007 2:45am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting Turtle
Funny...I thought I was the only one dreaming about the market.

Question...when do the majority of Europeans take vacation in the summer???

Thanks in advance

August, hottest time of year, some countries close almost completly at this time of year
  • #19,502
  • Jul 18, 2007 2:46am Jul 18, 2007 2:46am
anyone watching the euro
  • #19,503
  • Jul 18, 2007 2:47am Jul 18, 2007 2:47am
dropping like a rock
Trade what you see, not what you think.
  • #19,504
  • Jul 18, 2007 2:49am Jul 18, 2007 2:49am
Euro is breaking 3790, if manages to get under there and get below 3750, would confirm a short term top is in place, would not rule out a spike higher to take the shorters out
  • #19,505
  • Jul 18, 2007 2:49am Jul 18, 2007 2:49am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
And the AUD/USD
  • #19,506
  • Jul 18, 2007 2:52am Jul 18, 2007 2:52am
Quoting angiegiles00
Yeah, scary the dream was!! It was quite spooky, as the large red candle on the DAX chart this morning was formed in 1 minute!! Coincided with the time I was having my dream!!

I would say in UK most people have holiday from mid July to mid september to coincide with school holidays - could be same 4 rest of EU

Angie
Funny, I sometimes have dreams that my targets have been hit....

Anyway, thanks for that info, was just wondering because with so many calling for the top, it seems with summer vacation upon us, that would be the ideal time for shorting the pound????
  • #19,507
  • Jul 18, 2007 2:56am Jul 18, 2007 2:56am
Quoting benssol
anyone watching the euro
Yeah.. all major currencies are being pushed back to last S/R.. Too spooky to call this a retracement.. but too early to call this a reversal also..
Who got balls to play here.. BRING IT ON!!!!!!!!!!
  • #19,508
  • Jul 18, 2007 2:56am Jul 18, 2007 2:56am
Quoting benssol
anyone watching the euro
Yup,..
Figured to stay away from cable for now, might come down soon,...
Thats why shorted eu at 3818,...
  • #19,509
  • Jul 18, 2007 3:00am Jul 18, 2007 3:00am
Already shorted some while ago

9. 18 July 2007
OPEN GBP/USD SHORT @ 2.0525
1st Target = 2.0485
2nd Target = 2.0415
Stop Loss = 2.0560

I feel the USD awakening will come soon.

If not.....I have my SL in place
  • #19,510
  • Jul 18, 2007 3:02am Jul 18, 2007 3:02am
Quoting Holypendant
i had a stoploss on 2.049 hope tt it will not get hit...

see mr holy i told u go short double at 2.0510,

now if u see again 2.0540 close (exit) ur long,
even i wil suggest put the limit order because there will be only flash or jump to 2.0540 from 2.0510 if this price keeps moving arround till boe minutes release,

regrds

lord of fx
LIVE LOVE LAUGH KRISHNA
  • #19,511
  • Jul 18, 2007 3:04am Jul 18, 2007 3:04am
Testing their last cracked S/R?? Anyone want to go fishing in this "stormy" day??
  • #19,512
  • Jul 18, 2007 3:13am Jul 18, 2007 3:13am
Quoting gene22
would not rule out a spike higher to take the shorters out

gene22

translated?
  • #19,513
  • Jul 18, 2007 3:16am Jul 18, 2007 3:16am
goin up a bit more. might goin down to hell soon
  • #19,514
  • Jul 18, 2007 3:16am Jul 18, 2007 3:16am
Looks very much like the dealers brought the market lower to a more manageable levels before the news release, should be interesting to see what happens, I expect a whiplash
  • #19,515
  • Jul 18, 2007 3:18am Jul 18, 2007 3:18am
Today we can break a 2.06 mark. Gbp was trading on this marks at 78-81 years.
  • #19,516
  • Jul 18, 2007 3:18am Jul 18, 2007 3:18am
Originally Posted by gene22 http://www.forexfactory.com/images/buttons/viewpost.gif
would not rule out a spike higher to take the shorters out

Simply means to take out stops on the shorts before reversing the market, that's how the big boys hunt stops and make money
  • #19,517
  • Jul 18, 2007 3:25am Jul 18, 2007 3:25am
T minus 5 and counting... looks like bears are still sniffin around.
"Only when the tide goes out will we know who is swimming naked."
  • #19,518
  • Jul 18, 2007 3:34am Jul 18, 2007 3:34am
34 The Governor invited the Committee to vote on the proposition that Bank Rate should be
increased by 25 basis points to 5.75%. Six members of the Committee (the Governor, John Gieve,
Kate Barker, Tim Besley, Andrew Sentance and Paul Tucker) voted in favour of the proposition.
Rachel Lomax, Charles Bean and David Blanchflower voted against, preferring to maintain Bank Rate
at 5.5%.
  • #19,519
  • Jul 18, 2007 3:37am Jul 18, 2007 3:37am
Quoting zamans98
34 The Governor invited the Committee to vote on the proposition that Bank Rate should be
increased by 25 basis points to 5.75%. Six members of the Committee (the Governor, John Gieve,
Kate Barker, Tim Besley, Andrew Sentance and Paul Tucker) voted in favour of the proposition.
Rachel Lomax, Charles Bean and David Blanchflower voted against, preferring to maintain Bank Rate
at 5.5%.
  • #19,520
  • Jul 18, 2007 3:39am Jul 18, 2007 3:39am
How good is 6-3 vote for dollar?
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