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Cable Update (GBPUSD)

  • #20,741
  • Jul 23, 2007 2:45pm Jul 23, 2007 2:45pm
Krishna & Soros
Trade what you see, not what you think.
  • #20,742
  • Jul 23, 2007 3:17pm Jul 23, 2007 3:17pm
I'm long @ 2.0570 since European Session (2 lots) TP1 2.0650, TP2 2.0700, Temp SL @ 2.0545 will be changed according to price action, and I spent one of the most boring days in Forex
  • #20,743
  • Jul 23, 2007 3:57pm Jul 23, 2007 3:57pm
if it doesn't break past 600 I'm in a "Sell" at the first sign of a drop !
“Past performance is not indicative of future results”
  • #20,744
  • Jul 23, 2007 4:09pm Jul 23, 2007 4:09pm
I'm gonna watch from the sidelines and scalp some pips tomorrow. It looks big boys are waiting for Wed/Thurs news with home sales....

Could be another slow day tomorrow...
  • #20,745
  • Jul 23, 2007 4:39pm Jul 23, 2007 4:39pm
Maybe you G/U longs are right. It seems hard to believe that $ can get any weaker but it seems to be the common wisdom held by many.

check out this - more housing problems?

http://www.bloomberg.com/apps/news?p...qcY&refer=asia



.
  • #20,746
  • Jul 23, 2007 5:20pm Jul 23, 2007 5:20pm
Quoting KudzuFX
Maybe you G/U longs are right. It seems hard to believe that $ can get any weaker but it seems to be the common wisdom held by many.

check out this - more housing problems?

http://www.bloomberg.com/apps/news?p...qcY&refer=asia



.
Bloomberg!.. Who knows, possible, they bought few hundred million pounds and waiting to collect he profits
  • #20,747
  • Jul 23, 2007 5:35pm Jul 23, 2007 5:35pm
Buy the dips, even with US positive news. I doubt we have seen the top yet. Let's keep an eye on the daily and if it breaks the daily high then I'm on ths sidelines. Until then I'm long from 488.
  • #20,748
  • Jul 23, 2007 6:03pm Jul 23, 2007 6:03pm
Quoting KudzuFX
Maybe you G/U longs are right. It seems hard to believe that $ can get any weaker but it seems to be the common wisdom held by many.

check out this - more housing problems?

http://www.bloomberg.com/apps/news?p...qcY&refer=asia



.
Last time I took Bloomberg into consideration to trade was in a given day some "expert a$$" said "Yen down to 120.50 by the end of this week".

It was a couple of months ago. Never traded 120.50 since then.
  • #20,749
  • Jul 23, 2007 7:32pm Jul 23, 2007 7:32pm
Hi all
price reached to 2.0630 level !
  • #20,750
  • Jul 23, 2007 7:38pm Jul 23, 2007 7:38pm
does anybody see 700 by tomorrow and 2.1 by end of the year? well i do.
  • #20,751
  • Jul 23, 2007 7:41pm Jul 23, 2007 7:41pm
Doesn't look like enough news to hit 0700 by tomorrow...maybe Wed/Thur perhaps..
  • #20,752
  • Jul 23, 2007 7:46pm Jul 23, 2007 7:46pm
Hi all ..
i'm newbie here .. hoping get much learn from this thread for GU ,
nice to meet u all ...

Adios
  • #20,753
  • Jul 23, 2007 7:49pm Jul 23, 2007 7:49pm
Quoting bravado
there are some exciting things happening in the market.
you just don't know it yet.
a pro and an expert.
BAM BAM BOOM! -bravado
  • #20,754
  • Jul 23, 2007 7:49pm Jul 23, 2007 7:49pm
price reached to 2.0640 level just in a few minutes !
  • #20,755
  • Jul 23, 2007 7:50pm Jul 23, 2007 7:50pm
Quoting cesarnc
Last time I took Bloomberg into consideration to trade was in a given day some "expert a$$" said "Yen down to 120.50 by the end of this week".

It was a couple of months ago. Never traded 120.50 since then.
No, I am not bias toward or against Blmg. I just referenced it for the analysis of the data like the slow housing and subprime items.

I am just wondering how much more impact these things will have on G/U for a long position.

Note: I tend to not take any one person's or organization's opinion on the market with too much weight. I prefer to scan the horizon 360 degrees and come up with my own conclusions.
  • #20,756
  • Jul 23, 2007 7:50pm Jul 23, 2007 7:50pm
ain't that just speculative move, omg 2.0640
  • #20,757
  • Jul 23, 2007 7:51pm Jul 23, 2007 7:51pm
Quoting Turtle
Doesn't look like enough news to hit 0700 by tomorrow...maybe Wed/Thur perhaps..
On second thought... (gbp @ 0640):surprised

Maybe Asia knows something that we don't.....

Very odd for the pound to move like this during the Asian session?????
  • #20,758
  • Jul 23, 2007 7:56pm Jul 23, 2007 7:56pm
Quoting ingenetic98
Hi all ..
i'm newbie here .. hoping get much learn from this thread for GU ,
nice to meet u all ...

Adios

welcome.


trade with caution.
  • #20,759
  • Edited 8:13pm Jul 23, 2007 7:58pm | Edited 8:13pm
Quoting Turtle
Very odd for the pound to move like this during the Asian session?????
this was indeed.

EXPECTED.
BAM BAM BOOM! -bravado
  • #20,760
  • Jul 23, 2007 8:08pm Jul 23, 2007 8:08pm
...definitely buy....all the way to NY session!
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