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Cable Update (GBPUSD)

  • #19,621
  • Jul 18, 2007 7:44am Jul 18, 2007 7:44am
Soros' stoplosses being triggered

http://imagineressources.linternaute...ada-188744.jpg

Sorry, man. I'm gonna dance over your head every 10 pips off 2.1000
  • #19,622
  • Jul 18, 2007 7:45am Jul 18, 2007 7:45am
Remember Bernake still has to throw out his 3 cents this morning... he never says th right thing !!!
  • #19,623
  • Jul 18, 2007 7:46am Jul 18, 2007 7:46am
me three, looks good so far but as we all know anything can happen. im basically practicing at the moment on my demo till i rebuild some risk capital for live trading.... the other pairs look rdy to maybe turn corner or retrace here at the very least but man the dollar got hammered big time although i think we all felt the pound would climb to this level....
  • #19,624
  • Jul 18, 2007 7:47am Jul 18, 2007 7:47am
A nice hammer close today and a bar like yesterdays tomorrow and watch the flood gates open

maybe go and test the whole 6 year trend line 87xx
"Millionaires don't use astrology, billionaires do"
  • #19,625
  • Jul 18, 2007 7:48am Jul 18, 2007 7:48am
im currently +13 short euro and +4 short cable... lol lets see how long it lasts. ;-)
  • #19,626
  • Jul 18, 2007 7:49am Jul 18, 2007 7:49am
id better buy some calls just in case.... lol
  • #19,627
  • Jul 18, 2007 7:50am Jul 18, 2007 7:50am
Soros - Long Cable Long
  • #19,628
  • Jul 18, 2007 7:51am Jul 18, 2007 7:51am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting venci
Soros - Long Cable Long
Yes, very long way to the bottom of this hill
  • #19,629
  • Jul 18, 2007 7:52am Jul 18, 2007 7:52am
$20 as at the first 15 min candle bullish Soros' showing up with: "Don't worry, 2.0600 is now coming!"
  • #19,630
  • Jul 18, 2007 7:52am Jul 18, 2007 7:52am
he's reading this thread and then gone, silently...

I guess he hit SL today because he was LONG at 2.0545... 15 lots
  • #19,631
  • Jul 18, 2007 7:53am Jul 18, 2007 7:53am
now whats takin so long to fall. it was stopped dead twice on 460. I feel like slappin this B*Tch!
  • #19,632
  • Jul 18, 2007 7:54am Jul 18, 2007 7:54am
Quoting m00jiman
now whats takin so long to fall. it was stopped dead twice on 460. I feel like slappin this B*Tch!
i agree... stopped my long after the news release and shorted it... but where is the movement
  • #19,633
  • Jul 18, 2007 7:55am Jul 18, 2007 7:55am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting m00jiman
now whats takin so long to fall. it was stopped dead twice on 460. I feel like slappin this B*Tch!
This I think is behind the delay

12:51 GBP/USD: Stops Below 2.0475 Hit, Bernanke Speaks at 14:00GMT London, July 18. Tripped sell stops below 2.0475 have helped depress sterling to an intra-day low of 2.0460. This after the disclosure of June"s above-forecast 0.2% rise in US headline CPI, and better-than-expected US housing starts.
GBP/USD notched a new 26-year peak of 2.0548 in Asia today, after tripping large buy stops above 2.0500. Exotic option barriers are located at 2.0550.
Today"s key US event risk is Bernanke"s semi-annual US monetary policy testimony, which begins at 14:00GMT. [email protected]
  • #19,634
  • Jul 18, 2007 7:57am Jul 18, 2007 7:57am
Quoting Alfa159
i agree... stopped my long after the news release and shorted it... but where is the movement
It's already about 100 pips off the high. There is the movement.
  • #19,635
  • Jul 18, 2007 7:57am Jul 18, 2007 7:57am
Quoting zamans98
he's reading this thread and then gone, silently...

I guess he hit SL today because he was LONG at 2.0545... 15 lots
Painful....but IF he uses good money management ...say $10,000 / standard lot, it will not be a problem.

But at say $2K / lot.........nasty
Trading Levels with WRBs
  • #19,636
  • Jul 18, 2007 7:57am Jul 18, 2007 7:57am
oh yeah. I read that whatever greenspan did during his time, Bernanke is not trying to repeat same mistakes. He's going to change whatever....blah blah blah!

But i will be busy when Nanki speaks.. :-/
  • #19,637
  • Jul 18, 2007 7:58am Jul 18, 2007 7:58am
just a little bit of retracement... i've told u guys to hold your longs... now the journey to the north shall resume...
  • #19,638
  • Jul 18, 2007 7:58am Jul 18, 2007 7:58am
Quoting zamans98
I guess he hit SL today because he was LONG at 2.0545... 15 lots
Are you serious?????? You gotta be kidding me.....15 lots @ 0545???

He is sweating bullets now....
  • #19,639
  • Jul 18, 2007 7:58am Jul 18, 2007 7:58am
Ben is waiting to wipe his a$$ with some cables...
  • #19,640
  • Jul 18, 2007 7:59am Jul 18, 2007 7:59am
Go and Buy Fifteen Lots!!!
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