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Cable Update (GBPUSD)

  • #20,761
  • Jul 23, 2007 6:14pm Jul 23, 2007 6:14pm
whoa, that move was gangsta!!! very unexpected as i was busy watching presidential debate on CNN. Maybe the debate caused the movement? i don't know.. unless...bravado knows something.
  • #20,762
  • Jul 23, 2007 6:26pm Jul 23, 2007 6:26pm
Quoting bravado
this was indeed.

EXPECTED.
Bravado knows something we don't guys !!!!
For he that would be deceived, let him.
  • #20,763
  • Jul 23, 2007 6:53pm Jul 23, 2007 6:53pm
Quoting m00jiman
whoa, that move was gangsta!!! very unexpected as i was busy watching presidential debate on CNN. Maybe the debate caused the movement? i don't know.. unless...bravado knows something.
Now that is boring.

Yeah, I know important too.

Still boooooring.
  • #20,764
  • Edited 7:17pm Jul 23, 2007 7:04pm | Edited 7:17pm
The low summer liquidity may caused or doubled up the rise-to 60 pips, for the same reason it may go back to where it was before (0580)
The sub-prime problem have been priced over 5 times already, and the market must be waiting on Wed & Thr's Housing news not just from USA, but, the UK's housing news will be very important too. Remember also, that Friday's US GDP news may come positive too.
  • #20,765
  • Jul 23, 2007 7:13pm Jul 23, 2007 7:13pm
Quoting SunTrader
Now that is boring.

Yeah, I know important too.

Still boooooring.
haha, it was quite boring but those youtubers sent out videos asking questions to the candidates. some were quite entertaining. I stopped watching now, too much of "I do this, I do that, If i become a president."

cable pushing up again, im longing!
  • #20,766
  • Jul 23, 2007 7:34pm Jul 23, 2007 7:34pm
GU crazy men.

On h1 chart, bullish flag formation.
  • #20,767
  • Jul 23, 2007 7:42pm Jul 23, 2007 7:42pm
I'd say bearish, about to turn down or slow down uptrend until London. anyway too late to buy for me right now.
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  • #20,768
  • Jul 23, 2007 7:43pm Jul 23, 2007 7:43pm
If you look back at the 17th of this month, at the beginning of the asian session, g/u did the same thing as today. it wasnt as hard of a direct push, but it definitely trended a fair move right through the high set during the ny session. even though they might have been buying toward the release of the gbp core cpi the morning of the 18th, it turned around completely and g/u fell off, only to hit a pivot point and rebound. maybe this could be another occurence? Ahh speculation
  • #20,769
  • Jul 23, 2007 7:57pm Jul 23, 2007 7:57pm
Quoting bravado
this was indeed.

EXPECTED.
oh Forex God Bravado.. did u move the cable??
  • #20,770
  • Jul 23, 2007 7:59pm Jul 23, 2007 7:59pm
Come to see it again.. seems like other major pairs also having a "big move" on today's asian session. Some big fish in the market?
  • #20,771
  • Jul 23, 2007 8:03pm Jul 23, 2007 8:03pm
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.
120.50 traded today..

U might want to see him again on Bloomberg doing "told ya so" dance..
  • #20,772
  • Edited 8:17pm Jul 23, 2007 8:07pm | Edited 8:17pm
the dollar will continue to tumble, for as long as the feds want. They are cooking the books
http://www.newsmax.com/money/archive.../23/092351.cfm

they silently cook the books, and publicly want a strong dollar
http://bloomberg.com/apps/news?pid=2...refer=currency

what a country...I love the easy money
shorties, is it weakning yet? lol, yeah the 4h watubimambi method says to short!!!

The late Sir Winston Churchill said, "In wartime, truth is so precious that she should always be attended by a bodyguard of lies."
  • #20,773
  • Jul 23, 2007 8:17pm Jul 23, 2007 8:17pm
Quoting wwwin
the dollar will continue to tumble, for as long as the feds want. They are cooking the books
http://www.newsmax.com/money/archive.../23/092351.cfm

they silently cook the books, and publicly want a strong dollar
http://bloomberg.com/apps/news?pid=2...refer=currency

what a country...I love the easy money
shorties, is it weakning yet? lol, yeah the 4h watubimambi method says to short!!!

Yeah but I bet you the fed cant multipy nine nine nine nine nine nine nine nine nine nine nine nine multiplied by ten ten ten ten ten ten ten ten ten ten ten ten ten ten.... hahahaha sorry, i love ali g
  • #20,774
  • Jul 23, 2007 8:21pm Jul 23, 2007 8:21pm
Quoting user5000
I'd say bearish, about to turn down or slow down uptrend until London. anyway too late to buy for me right now.

is never too late if you can buy high and sell higher....what's the difference in being stopped out if you buy too high than being stopped out in the beginning of the trend or in the middle, a stop is a stop, if you buy too high, stop out before the big decline that you think is coming.
Last week it was too high and here we are 300 from last week, yesterday it was too high and another 100 up, hell read the beginning of this thread, it was too high then at 1.8950. Why is it too high?
If you can multipy nine nine nine nine nine nine nine nine nine nine nine nine multiplied by ten ten ten ten ten ten ten ten ten ten ten ten ten ten...you will see that is not too high.
  • #20,775
  • Jul 23, 2007 8:30pm Jul 23, 2007 8:30pm
Quoting user5000
...anyway too late to buy for me right now.
good.
BAM BAM BOOM! -bravado
  • #20,776
  • Jul 23, 2007 8:31pm Jul 23, 2007 8:31pm
Quoting dd33
oh Forex God Bravado.. did u move the cable??
no.
BAM BAM BOOM! -bravado
  • #20,777
  • Jul 23, 2007 8:34pm Jul 23, 2007 8:34pm
Quoting wwwin
..They are cooking the books..
headline reads:

Bernanke Buries the Truth on Inflation

here is what i think about bernanke:

he is excellent. well chose after greenspan. he knows his job.

a pro.
BAM BAM BOOM! -bravado
  • #20,778
  • Edited 8:55pm Jul 23, 2007 8:38pm | Edited 8:55pm
Quoting bravado
headline reads:

Bernanke Buries the Truth on Inflation

here is what i think about bernanke:

he is excellent. well chose after greenspan. he knows his job.

a pro.
if you live in the U.S. can you testify that your living expenses went up only 2 percent in the last 12 months????
Gas
Dry cleaning
Property taxes
movies
parking
fed ex
health insurance
hazzard insurance
interest on credit card debt
postage
electric bill
mortgage
rent
office space
condo maintenance
minimum wage

just to name a few
  • #20,779
  • Jul 23, 2007 8:42pm Jul 23, 2007 8:42pm
Quoting bravado
this was indeed.

EXPECTED.
Tell me more....I willing to learn something new today.
  • #20,780
  • Jul 23, 2007 8:42pm Jul 23, 2007 8:42pm
Quoting wwwin
is never too late if you can buy high and sell higher....what's the difference in being stopped out if you buy too high than being stopped out in the beginning of the trend or in the middle, a stop is a stop, if you buy too high, stop out before the big decline that you think is coming.
Last week it was too high and here we are 300 from last week, yesterday it was too high and another 100 up, hell read the beginning of this thread, it was too high then at 1.8950. Why is it too high?
If you can multipy nine nine nine nine nine nine nine nine nine nine nine nine multiplied by ten ten ten ten ten ten ten ten ten ten ten ten ten ten...you will see that is not too high.

hahahah very true. If you ever think a currency pair is overbought or oversold, go back and look at the Daily, Weekly, and Monthly charts for each pair...that ought to tell you that it can always go higher or lower. These things used to move insane amounts and while I know that today alot of that movement has died down because the skill (in general) of big traders has increased greatly, as well as central banks having a better hand on monetary policy, but (not everyone lines up on one side anymore, to cause those non-stop trends)...still, dont ever think it is "too high" or "too low". just my opinion.
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