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Cable Update (GBPUSD)

  • #21,421
  • Edited 3:06pm Jul 26, 2007 3:05pm | Edited 3:06pm
I cannot wait to see what Asia thinks.....more unwinding or could this cable rocket take off again.....

Euro still holding around 3740ish..

See you in 4 hrs.....
  • #21,422
  • Jul 26, 2007 3:13pm Jul 26, 2007 3:13pm
i htink im gonna buy abit of usdjpy here, price seems reasonable
  • #21,423
  • Jul 26, 2007 3:13pm Jul 26, 2007 3:13pm
Quoting Turtle
I cannot wait to see what Asia thinks.....more unwinding or could this cable rocket take off again.....

Euro still holding around 3740ish..

See you in 4 hrs.....
Hey Turtle..

How's it going?

I have had a really good day on GJ, was short from 246.75, and locked in 250 pips, and let the rest ride...

Cable I am just observing from the sidelines at the moment.

Back to work next week :-( and will have to look at longer term setups...

Angie
  • #21,424
  • Jul 26, 2007 3:22pm Jul 26, 2007 3:22pm
Quoting Turtle
I cannot wait to see what Asia thinks.....more unwinding or could this cable rocket take off again.....

Euro still holding around 3740ish..

See you in 4 hrs.....
This bloody session in NYC is likely to inspire a worldwide running for cover tomorrow, includes carry trades. A -2% in Dow Jones is not a "minor" profit taking.

Today's housing data + revision was just devastating, given that, it is exactly the housing sector that still bugs about the US economy.

Editing: UJ passed through 119s like non-existent today and lies below the figure now
  • #21,425
  • Jul 26, 2007 3:48pm Jul 26, 2007 3:48pm
agree with cesar,...even in uk equities we have reached a temporaly bottom, ftse touched the boll on weekly chrt, and is down 2 heavy to not cover the short profits, and the rate hike is priced in somewhat....but they yen points higher a lot, eur/jpy i think it will go down for 200 sma, 52 dailly is already broken (but it needs to be tested 1 more time) before the big drop (2 ifs ofcorse)....if 52 holds im buying as well...if not ill buy after 200sma dailly tested...
its just money
  • #21,426
  • Jul 26, 2007 4:12pm Jul 26, 2007 4:12pm
Quoting Turtle
I cannot wait to see what Asia thinks.....more unwinding or could this cable rocket take off again.....

Euro still holding around 3740ish..

See you in 4 hrs.....
I cannot get a handle on this, it could go either way
  • #21,427
  • Jul 26, 2007 4:27pm Jul 26, 2007 4:27pm
Cable is dropping like crazy right now, 20 pips in 5 min.
  • #21,428
  • Jul 26, 2007 4:28pm Jul 26, 2007 4:28pm
omg GJ shed over 500 pips today, i think ill have to start buyig that cross soon
  • #21,429
  • Jul 26, 2007 4:33pm Jul 26, 2007 4:33pm
Quoting lexazver
omg GJ shed over 500 pips today, i think ill have to start buyig that cross soon
its unstoppable
  • #21,430
  • Jul 26, 2007 4:33pm Jul 26, 2007 4:33pm
Quoting pacman962
Cable is dropping like crazy right now, 20 pips in 5 min.
  • #21,431
  • Jul 26, 2007 4:36pm Jul 26, 2007 4:36pm
Quoting lexazver
its unstoppable
from 251 to 241 it's just 1000 pip
  • #21,432
  • Jul 26, 2007 4:40pm Jul 26, 2007 4:40pm
Quoting cesarnc
I don't see 0350 for today, too. And stars are not speaking to me, wasn't because it's overcast here, it would be because, CīMON PLUTONITE, FREAKING STARS DON'T TRADE FOREX!!!
Dude, never mind the stars for now, I don't have time to make a sarcastic support of astrology..look at GJ now!!

Thank god for that stop and reverse I had on, lost 50 pips and then gained 250 then went out to see it fall 100 more. Good lawd! What on earth is happening? This is the first time I see GJ leading everything else (the majors) like this, maybe happened once or twice in the past 2 years.

In my most non-humble opinion, the degree of retracement from this huge fall in the next 2 waves/cycles will determine whether the long-awaited strength of the Yen happens in the coming months.

I'm short GU with you cesar, your analysis was great as usual and we are going to make an incredible 40 pips I think this time

Good luck!
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #21,433
  • Jul 26, 2007 4:40pm Jul 26, 2007 4:40pm
Short Cable Short!!!!

  • #21,434
  • Jul 26, 2007 4:43pm Jul 26, 2007 4:43pm
Quoting Plutonite

I'm short GU with you cesar, your analysis was great as usual and we are going to make an incredible 40 pips I think this time

Good luck!
You too...

I'm now looking at this down channel in the hourly. Still prevailing. If so, next is sub-0400s. If holds below 0400, next would be 0260 (38% fib, next week?).
Then I will have to start dumping my short lil soldiers
  • #21,435
  • Jul 26, 2007 4:48pm Jul 26, 2007 4:48pm
Glad everyone still here......

Japan goin to open soon..another 200pips drop on g/j???


Still with my short on g/u

Missed out on the 150pips short on g/j.......arghh.....was hestitating..and 30mins later kabbOOMM........


Cheers.
  • #21,436
  • Jul 26, 2007 4:49pm Jul 26, 2007 4:49pm
wow, I caught 130 pips on the N/U today. I can't expect that more than two times a year. I have a sneaking feeling that we have 90 pips more to the downside before the asian session is over. Now everyone can call me crazy...
  • #21,437
  • Jul 26, 2007 4:50pm Jul 26, 2007 4:50pm
Quoting cesarnc
Short Cable Short!!!!

And short EURUSD as well, some decent price action showing resumption of the fall. It's barely moving though, I don't know why everybody is picking on the sterling. Did you find out who started the big selling(not what but who)?
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #21,438
  • Jul 26, 2007 4:52pm Jul 26, 2007 4:52pm
Quoting cesarnc
Short Cable Short!!!!

what you think cesar about tomorrow news ??
I mean their effect on GBP,EUR
  • #21,439
  • Jul 26, 2007 4:55pm Jul 26, 2007 4:55pm
Quoting henrycarol
Glad everyone still here......

Japan goin to open soon..another 200pips drop on g/j???


Still with my short on g/u

Missed out on the 150pips short on g/j.......arghh.....was hestitating..and 30mins later kabbOOMM........


Cheers.
Maybe..but there is absolutely no way to tell. There are no clear resistance points or fibs here, and in a free fall like this you have no choice but to wait (if you are not short already) or celebrate and let it go if you are. I see some serious hesitation right now, but it could be nothing. Good luck.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #21,440
  • Jul 26, 2007 5:16pm Jul 26, 2007 5:16pm
Quoting Plutonite
And short EURUSD as well, some decent price action showing resumption of the fall. It's barely moving though, I don't know why everybody is picking on the sterling. Did you find out who started the big selling(not what but who)?
I read it started this morning with problems in the sub-prime (rumors, gossips, whatever). The lousy housing (nice name ) added another fuel to the fire.

Dollar soared here in Brazil too, as our currency is another carry trade.

I'm also short EU, too. Long time.

Quote
Missed out on the 150pips short on g/j.......arghh.....was hestitating..and 30mins later kabbOOMM........

henry,

I was "kabbomed" in the yen pairs for the whole day. I had a look at UJ at 120.20 thinking "it's going down, isn't it?" Next time I see it was below 119.50, cesarnc left alone in the station

Only the well-known moto can make me calm now: better miss the move than miss the cash. I still avoid looking at the yen pairs not to be depressed...
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