Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#21,361
Jul 26, 2007 10:39am Jul 26, 2007 10:39am

bravado
| Joined Aug 2006 | Status: BORED trader | 2,388 Posts

Quoting lexazver

Disliked

wow G/J 400 pips down today, is it another one of them correctional moves we've seen in february

Ignored

you are correct.

which is why. i. bravado. a pro.
kept shorting the yen crosses while the crowd kept chanting "long".

pips after pips. profits after profits.

i am unstoppable.

BAM BAM BOOM! -bravado

#21,362
Jul 26, 2007 10:41am Jul 26, 2007 10:41am

AndyPass
| Joined Jul 2007 | Status: Trader | 269 Posts

Quoting bravado

Disliked

interesting because you picked a good spot to trade.
either long or short, you'll do with stop loss in place.

i would go long here but being cautious due to unwind.

Ignored

Ah ok. I'd been considering that the NZD was overbought for a few days and was going to get involved when it was >8000. Wanted more clarification before I did, although that probably robbed me off 100 pips.

I don't believe there's any long-term sentiment with NZD, there's a Doji candle signalling a turning point against, NZD interest rates were heavily built into the buying price, the NZ Governor has quashed suggestions of further rate increases etc...

As I type this... the price has bounced up to my starting position! I might short another 2 lots if it goes higher.

#21,363
Jul 26, 2007 10:41am Jul 26, 2007 10:41am

OrionsWay
Joined Apr 2007 | Status: "As Above So Below" | 6,206 Posts

CT long in euppy pulled 163.44 lookin for what it will yeild

"Millionaires don't use astrology, billionaires do"

#21,364
Jul 26, 2007 10:44am Jul 26, 2007 10:44am

allserene
Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts

Phew it's nice to know the dollar crisis is over.

Everyone who said devaluation was good for US manufacturing jobs will now say that a strong dollar is what they really wanted all the time and how this will allow the US to keep importing without inflation arising so it's great for low US interest rates which will create jobs in houses instead of jobs in export....

Did the US twin deficits change while I was in the pub at lunch time ?
Did the uk drop rates ?
did the US increase them ?

It's all blather - total tony blair stuff - and nothing has changed

Me ? a smidgin LONG cable at 2.0455 because the euro hasnt blinked all that much for a while now - if I am forced out I will go back long at the first opportunity

I am watching crude oil and the euro/dollar...

#21,365
Jul 26, 2007 10:47am Jul 26, 2007 10:47am

pinchapip
| Membership Revoked | Joined Jun 2007 | 745 Posts

Meanwhile at the Soros' house

Attached Image

For he that would be deceived, let him.

#21,366
Jul 26, 2007 10:48am Jul 26, 2007 10:48am

bravado
| Joined Aug 2006 | Status: BORED trader | 2,388 Posts

Quoting AndyPass

Disliked

Ah ok. I'd been considering that the NZD was overbought..NZD interest rates were heavily built into the buying price, the NZ Governor has quashed suggestions of further rate increases etc...

I might short another 2 lots if it goes higher.

Ignored

noted and appreciate the info.

BAM BAM BOOM! -bravado

#21,367
Jul 26, 2007 11:00am Jul 26, 2007 11:00am

SunTrader
Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts

You know all this talking about the $US dropping and other currencies appreciating against - most people are invested through mutual funds weighted in the stock markets of the world. And the last time I looked the Nikkei, Hang Seng, Dax, FT100, CAC40 are all getting hit big time like the Dow/S&P/Nasdaq.

So although us forex junkies trade what is moving and might groan about US housing and inflation reports, money is evaporating in everyone's pockets.

Trade how you like but we are all in one big boat these days - global economy wise.

#21,368
Jul 26, 2007 11:11am Jul 26, 2007 11:11am

benssol
Joined Jan 2007 | Status: Trader | 1,407 Posts

Quoting bravado

Disliked

noted and appreciate the info.

Ignored

Hey BRAVADO

what you think about CHF pairs? is there is another drop or what??

I closed the GBPCHF short at the lower median line of the PF and he forming it forming PB now, but dont know about the others??!!

why you dont open a discussion thread for your thoughts?! why not?

believe me you will gain also

#21,369
Jul 26, 2007 11:13am Jul 26, 2007 11:13am

allserene
Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts

Quoting SunTrader

Disliked

You know all this talking about the $US dropping and other currencies appreciating against - most people are invested through mutual funds weighted in the stock markets of the world. And the last time I looked the Nikkei, Hang Seng, Dax, FT100, CAC40 are all getting hit big time like the Dow/S&P/Nasdaq.

So although us forex junkies trade what is moving and might groan about US housing and inflation reports, money is evaporating in everyone's pockets.

Trade how you like but we are all in one big boat these days - global economy wise.

Ignored

Totally agree - greed turned to fear - all these wild fluctuations and fears will end in tears - cash in a high yielding bank account is KING at this point ! (but with some in a margin account to have a fun ride on the horsey-lating charts..) Coming soon I see more rebounds up and down than skippy the bush kangaroo

#21,370
Jul 26, 2007 11:23am Jul 26, 2007 11:23am