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Cable Update (GBPUSD)

  • #22,041
  • Aug 1, 2007 2:13am Aug 1, 2007 2:13am
Quoting Breeze
Learn to write english first...then i can invite you to my office in Hong Kong and we both will sit for a cup of coffee.....then i will explain why I use stop loss when I'm in profit.

anyone going long Cbl....?
Its not very likely for Suntrader to write that awful english :

Cracked yesterday's low means bearish day for me. So still holding on my shorts..
  • #22,042
  • Aug 1, 2007 2:20am Aug 1, 2007 2:20am
Quoting dd33
Its not very likely for Suntrader to write that awful english :

Cracked yesterday's low means bearish day for me. So still holding on my shorts..

well he did...: ....yea hold on to your shorts theres girls arround here and u dont wanna scare them.
  • #22,043
  • Aug 1, 2007 2:23am Aug 1, 2007 2:23am
Quoting Breeze
well he did...: ....yea hold on to your shorts theres girls arround here and u dont wanna scare them.
Hei.. its summer.. so shorts are allowed
  • #22,044
  • Aug 1, 2007 2:27am Aug 1, 2007 2:27am
any idea about correction toward daily Piviot (2.0308)?
  • #22,045
  • Aug 1, 2007 2:34am Aug 1, 2007 2:34am
Quoting dd33
Hei.. its summer.. so shorts are allowed
The pair is trading on 23.6%fibo, I think if it rejected here, a save short position is confirmed. But if the pair further rally to 2.0270 level, it will be very bad for bearish...

I have an order on Long @ 2.0280, but now, I'm waiting for the pair to confirm my short before taking any position...It is wise enough for me...
Hello World
  • #22,046
  • Aug 1, 2007 2:39am Aug 1, 2007 2:39am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
Perfect brakeout trade setup yesterday....
I see it now but I have missed it becouse I wasnt trading...
In my opinion this will be quite a move downwards..
Hold your long guys for me. I am too late .....
  • #22,047
  • Aug 1, 2007 2:40am Aug 1, 2007 2:40am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
Quote
Hold your long guys for me. I am too late .....
I ment shorts sorry!!!!
  • #22,048
  • Aug 1, 2007 3:18am Aug 1, 2007 3:18am
going south... my shorts are looking good
  • #22,049
  • Aug 1, 2007 3:44am Aug 1, 2007 3:44am
Post #22049, page 1470.

If you guys take my short position @ 1.3651, close it when you are profit eventhough 1 or 2 pips. Now is 1.3641. I sleep now. Good luck.

Breeze, thanks, we both win, EU went to 1.3664 and now my short position has worked although small profit. Your system works well too.

I know that you guys notice that G/J and G/U has a lot of profit than E/U. But the more profit, like G/J is more volatile than G/U. My account has been burnt a long time ago before because of G/J. I am still learning G/J.
  • #22,050
  • Aug 1, 2007 3:50am Aug 1, 2007 3:50am
Touch the bottom again.. time to go long with a tight s/l..
  • #22,051
  • Aug 1, 2007 3:51am Aug 1, 2007 3:51am
if i may say something,...this is becoming a hell of a SLEEP TRADING,...LOL
its just money
  • #22,052
  • Aug 1, 2007 4:00am Aug 1, 2007 4:00am
Hi all
where is your first target for going short ? and how long would you hold your shorts?
  • #22,053
  • Aug 1, 2007 4:13am Aug 1, 2007 4:13am
Quoting de123
if i may say something,...this is becoming a hell of a SLEEP TRADING,...LOL
where is my bet ??
  • #22,054
  • Aug 1, 2007 4:24am Aug 1, 2007 4:24am
Master cesarnc is already awake.. hehehe.. too bad price just swimming in range rite now.. but u should got some good pips from yesterday rite?
  • #22,055
  • Aug 1, 2007 4:26am Aug 1, 2007 4:26am
Quoting dd33
Master cesarnc is already awake.. hehehe.. too bad price just swimming in range rite now.. but u should got some good pips from yesterday rite?
Awake and short cable short.....

No idea about the target, though... May hold until tomorrow BOE statement
  • #22,056
  • Aug 1, 2007 4:33am Aug 1, 2007 4:33am
The markets are selling off once again as the troubles in the sub-prime sector continue to grow. Yesterday, everyone ignored news that American Home Mortgage (which commands 2.5 percent of the mortgage market) had to delay its dividend but today, the double blow of major losses at Sowood Capital and C-BASS was too much for them to handle. The Dow went from being up 135 points in the early US trading session to down 146 points at the market close. This was a swing of 281 points on an intraday basis. Unsurprisingly, bond yields and carry trades have also sold off while the VIX index resumed its rise, indicating the return of risk aversion. Economic data is also beginning to deteriorate. Aside from consumer confidence, every piece of US economic data released today was weaker than expected. On a growth front, personal income was unchanged in the month of June while spending slowed. In terms of inflation, the market was looking for the monthly core PCE deflator to increase, but instead, it remained unchanged. House prices and construction spending deteriorated as well but the big surprise today was the sharp decline in the Chicago PMI index and the jump in consumer confidence. Despite continued weakness in the US dollar, regionally, growth in the manufacturing sector is beginning to slow. With both the Philly Fed and Chicago PMI index dropping significantly, tomorrow’s national manufacturing index (ISM) will likely follow suit.
  • #22,057
  • Aug 1, 2007 4:35am Aug 1, 2007 4:35am
long or short as of now im not so bothered the market looks like a downtrend but not quite waiting to cut my short at break even and make another long.
  • #22,058
  • Aug 1, 2007 4:43am Aug 1, 2007 4:43am
Quoting nextG
long or short as of now im not so bothered the market looks like a downtrend but not quite waiting to cut my short at break even and make another long.
Check 4hr in Cable and Euro. Both bounced off the 250EMA last week. This is usually a hard nut to crack. Cable usually crack it via strong data only.

But once this EMA goes, it goes badly.

Better technical r:r ratio right now is going long, for the intraday. But that would put you against this major slump - cable, euro, carries, stocks.

I'm holding shorts 0385, 0289, 0256 and will keep them for the joyride. But either going long or short right now (at the day's low, 100 pips gone) demands some balls.
  • #22,059
  • Aug 1, 2007 4:56am Aug 1, 2007 4:56am
Quoting cesarnc
Check 4hr in Cable and Euro. Both bounced off the 250EMA last week. This is usually a hard nut to crack. Cable usually crack it via strong data only.

But once this EMA goes, it goes badly.

Better technical r:r ratio right now is going long, for the intraday. But that would put you against this major slump - cable, euro, carries, stocks.

I'm holding shorts 0385, 0289, 0256 and will keep them for the joyride. But either going long or short right now (at the day's low, 100 pips gone) demands some balls.
usually hard but not totally. : US is hesitant to say weak dollar. try to fix first the problem before saying it so. having a buy on the resistance makes me bias on selling. the lowest down i can see is 2.0150. a break of it may drive me insane.i might as well cut everything.
  • #22,060
  • Aug 1, 2007 4:58am Aug 1, 2007 4:58am
cesar, looks like yen made its w5 on 4hrs falling about 30 pips shy of its retracement extension projected. USD weakness will be in command now for a short while me thinks.
"Millionaires don't use astrology, billionaires do"
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