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Cable Update (GBPUSD)

  • #21,161
  • Jul 25, 2007 4:02pm Jul 25, 2007 4:02pm
trying a long chunnel again 6680 SL just off the bottom
"Millionaires don't use astrology, billionaires do"
  • #21,162
  • Jul 25, 2007 4:04pm Jul 25, 2007 4:04pm
well I will wait for the pair to close few pips above 2.0543 because than we get into risky territory... Though I will observe the pair as well... Also it is a good price to go short. go on with your guts my friend.

So far the cable is not going the way I want it to be.. Perhaps preparing itself for further fall if the GB Home Sales data is worse than expected. Although the Home Sales data for US did have an adverse effect on the market, tomorrow a worse than expected home sales data will drag the cable down.
  • #21,163
  • Jul 25, 2007 4:14pm Jul 25, 2007 4:14pm
Alfa, news doesnt matter, since all is priced in, what matters what will ppl do with it. Such stimuli
"Millionaires don't use astrology, billionaires do"
  • #21,164
  • Jul 25, 2007 4:17pm Jul 25, 2007 4:17pm
Quoting OrionsWay
Alfa, news doesnt matter, since all is priced in, what matters what will ppl do with it. Such stimuli
and lately it has been the best example... u are right.. But still most of the time when a news is released there seems to be good movement towards one side.
  • #21,165
  • Jul 25, 2007 4:25pm Jul 25, 2007 4:25pm
Yes definately NEWS is the ability to do alot of work. move mass amounts of holding in a split second. Without having to buy or sell against themselves to achieve objectives

Without the news, which they already know, they couldnt conceal their true objectives and everyone would be masters in the market.
"Millionaires don't use astrology, billionaires do"
  • #21,166
  • Jul 25, 2007 4:32pm Jul 25, 2007 4:32pm
Quoting OrionsWay
Yes definately NEWS is the ability to do alot of work. move mass amounts of holding in a split second. Without having to buy or sell against themselves to achieve objectives
to be honest also, lately my bad trades were because of news.. I will not be getting in a trade before a news release for a while before getting more experienced at that level... I had 20 wons in a row which would eventually get broken but I lost it because of EurUsd.. I was long right after the news but the pair went down.
  • #21,167
  • Jul 25, 2007 4:40pm Jul 25, 2007 4:40pm
Quoting Alfa159
to be honest also, lately my bad trades were because of news.. I will not be getting in a trade before a news release for a while before getting more experienced at that level... I had 20 wons in a row which would eventually get broken but I lost it because of EurUsd.. I was long right after the news but the pair went down.

Alfa, tip. look for action reaction on the release. it shouldnt be long before the truth is known
"Millionaires don't use astrology, billionaires do"
  • #21,168
  • Jul 25, 2007 4:43pm Jul 25, 2007 4:43pm
This week so far, it was the Tokyo fix that set the tone for the European session. Question for today is: which direction?

So want to know what the hell is he thinking of.....

http://news.bbc.co.uk/olmedia/180000...mputer_150.jpg
  • #21,169
  • Jul 25, 2007 4:44pm Jul 25, 2007 4:44pm
...buy at 2.532 for 30 pips...from 4H chart.
  • #21,170
  • Jul 25, 2007 5:00pm Jul 25, 2007 5:00pm
Quoting OrionsWay
Alfa, tip. look for action reaction on the release. it shouldnt be long before the truth is known
thanx for the tip... I will be looking into that with tomorrow's news releases... Wont trade but will observe the movement...

Thank you OrionsWay.
  • #21,171
  • Jul 25, 2007 5:01pm Jul 25, 2007 5:01pm
btw my new graphs are worrying me on my short position... We will see. No sleep for me for some more hours as it is 1 Am here.
  • #21,172
  • Jul 25, 2007 5:16pm Jul 25, 2007 5:16pm
Wow,what a powerful US dollar.. Makes GU and NU go south...

even US in bad news, n even kiwi is in a good news.

Can somebody tell me why?
  • #21,173
  • Jul 25, 2007 5:25pm Jul 25, 2007 5:25pm
Hi guys.... a very quite evening
  • #21,174
  • Jul 25, 2007 5:29pm Jul 25, 2007 5:29pm
OK.... I hinks GJ will attempt break the support once again @ asian session... but new shorties stay away from the market untill it's firmly broken...
  • #21,175
  • Jul 25, 2007 5:29pm Jul 25, 2007 5:29pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting questtrader
Wow,what a powerful US dollar.. Makes GU and NU go south...

even US in bad news, n even kiwi is in a good news.

Can somebody tell me why?
i am stll trying to work it out, but so far i found out this much. the news on housing was not as bad as first appeared, although sales dropped prices increased. from a commercial point of view if a company can make less products but increase revenue it's a positive. Maybe the high house price actually means more money changing hands = good news.

just my view based on what i read today.
  • #21,176
  • Jul 25, 2007 5:54pm Jul 25, 2007 5:54pm
Quoting questtrader
Can somebody tell me why?
Profit taking plain and simple. End of the month + lack of important/strong data.

You guys are digging deep to pick up an apple. Cīmon
  • #21,177
  • Jul 25, 2007 5:55pm Jul 25, 2007 5:55pm
I think it's because cable is at such hefty levels that ppl are kind of scared of hording long even if U.S. gets 911 + katrina + ???.
I think it is simply risk aversion that's driving this move. People are panicked.
  • #21,178
  • Jul 25, 2007 6:03pm Jul 25, 2007 6:03pm
but why kiwi also going south...???

since it is a good news for kiwi...
  • #21,179
  • Jul 25, 2007 6:11pm Jul 25, 2007 6:11pm
Quoting honda250nsr
GBPUSD going up Long !!!
dreaming still? How's your long at .600? still bleeding?
There's no need on chanting LONG GU LONG, its now LONG GU LONG NO MORE.
  • #21,180
  • Jul 25, 2007 6:26pm Jul 25, 2007 6:26pm
Quoting zamans98
dreaming still? How's your long at .600? still bleeding?
There's no need on chanting LONG GU LONG, its now LONG GU LONG NO MORE.
in the same train with you...But the last hours of the American Session disappointed me and the disappointment is still on in the beginning of the Asian Session... Hoping the pair to go much lower after the European Session open.
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