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Cable Update (GBPUSD)

  • #22,501
  • Aug 6, 2007 5:04am Aug 6, 2007 5:04am
look like the pound is gonna give us a good week, this is nice im loving it right now.
If I Go Broke Trying Then I Will die happy.
  • #22,502
  • Aug 6, 2007 5:05am Aug 6, 2007 5:05am
Quoting Moe
look like the pound is gonna give us a good week, this is nice im loving it right now.


RMK: Strange is that's not a broad move. Euro, Yen and Swiss frozen...
  • #22,503
  • Aug 6, 2007 5:08am Aug 6, 2007 5:08am
Cable goes down, Euro not following.
  • #22,504
  • Aug 6, 2007 5:14am Aug 6, 2007 5:14am
Quoting sirpawel
Cable goes down, Euro not following.
a couple of years a go a friend of mines has a system where if the pound goes up or down and when the euro don't follow right away like right now he would be shorting the hell out of euro, b.t.w. i don't recommend that.
If I Go Broke Trying Then I Will die happy.
  • #22,505
  • Aug 6, 2007 5:16am Aug 6, 2007 5:16am
Quoting Moe
a couple of years a go a friend of mines has a system where if the pound goes up or down and when the euro don't follow right away like right now he would be shorting the hell out of euro, b.t.w. i don't recommend that.
In this case, today, the whole market is dead. That's why this is strange. Cable has already put 120+ pip as daily range... I TP'd what I had to TP and now waiting further clue.

Tomorrow's US rate statement may cause poor volatility across the board today...
  • #22,506
  • Aug 6, 2007 5:17am Aug 6, 2007 5:17am
Quoting Moe
a couple of years a go a friend of mines has a system where if the pound goes up or down and when the euro don't follow right away like right now he would be shorting the hell out of euro, b.t.w. i don't recommend that.
Yes I have eaked a few pips with that correlation... but why not long the pound (a bit say 2.04 ?) assuming that the gravity of the euro will pull it back ?
  • #22,507
  • Aug 6, 2007 5:17am Aug 6, 2007 5:17am
Quoting karmostaji
I shorted, 1st tp 0360
TP reached, easy 44 pips

waiting for 1hr candle to close, might enter another short
Trade what you see, not what you think.
  • #22,508
  • Aug 6, 2007 5:21am Aug 6, 2007 5:21am
euro will prolly never come down, lbs are converting into chunnel strength, this will continue forever until parity
"Millionaires don't use astrology, billionaires do"
  • #22,509
  • Aug 6, 2007 5:22am Aug 6, 2007 5:22am
Quoting allserene
Yes I have eaked a few pips with that correlation... but why not long the pound (a bit say 2.04 ?) assuming that the gravity of the euro will pull it back ?
oh thats why ! what a slide !

well i can always say the dollars i have are worth more - even though i want to buy more dollars - we optimists can usually find a distorted view to make us feel better
  • #22,510
  • Aug 6, 2007 5:24am Aug 6, 2007 5:24am

i dont think its strange if cable moving alone...the logoc is all people loking at cable and shortin it...doesnt that make senses?

"Analysis Is Hard But Trade Is Easy"
  • #22,511
  • Aug 6, 2007 5:27am Aug 6, 2007 5:27am
Quoting Se[V]eN

i dont think its strange if cable moving alone...the logoc is all people loking at cable and shortin it...doesnt that make senses?

GBP is weak, GJ is down too
Trade what you see, not what you think.
  • #22,512
  • Aug 6, 2007 5:28am Aug 6, 2007 5:28am
Euro strength is $ weakness, since sat 40+% is the dollar index. $ is driven by euro demand nothing else, as this transfer of power to the EU is taking place. timeframes Long Slow tansfer of economic power Probably running a saturn cycle ending 2011,13
"Millionaires don't use astrology, billionaires do"
  • #22,513
  • Aug 6, 2007 5:29am Aug 6, 2007 5:29am
This is not USD strength you're seeing here folks.. it's just Cable weakness.. so euro is not really going to follow a similar move.
  • #22,514
  • Aug 6, 2007 5:31am Aug 6, 2007 5:31am
Quoting cesarnc
In this case, today, the whole market is dead. That's why this is strange. Cable has already put 120+ pip as daily range... I TP'd what I had to TP and now waiting further clue.

Tomorrow's US rate statement may cause poor volatility across the board today...
the pound always did have a mind of it's own, i don't beleive what im seeing, look like the euro ans swissy trying to catch up a little, remeber this is the pound anything can happen.
If I Go Broke Trying Then I Will die happy.
  • #22,515
  • Aug 6, 2007 5:36am Aug 6, 2007 5:36am
maybe the reason of this big retrecemnt is that E.U. bans U.K. animals exports.

Ps. i see the other pairs starting to move the gbp way
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
  • #22,516
  • Aug 6, 2007 5:36am Aug 6, 2007 5:36am
Quoting allserene
Yes I have eaked a few pips with that correlation... but why not long the pound (a bit say 2.04 ?) assuming that the gravity of the euro will pull it back ?
long sounds good just like we was saying short the pound a coulpe of weeks ago when it skyrocketed, im a short trend trader mix with daytrading, my daytrading goal's have been met for today, now looking to see if i can catch me a short-term trend.
If I Go Broke Trying Then I Will die happy.
  • #22,517
  • Aug 6, 2007 5:38am Aug 6, 2007 5:38am
Quoting semar
maybe the reason of this big retrecemnt is that E.U. bans U.K. animals exports.

Ps. i see the other pairs starting to move the gbp way
Good point. Only explaination

"Cows turning into bears"
  • #22,518
  • Aug 6, 2007 5:44am Aug 6, 2007 5:44am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting cesarnc
Good point. Only explaination

"Cows turning into bears"
They also slaughted the Bulls too.
  • #22,519
  • Aug 6, 2007 5:45am Aug 6, 2007 5:45am
if the eur and swiss follow suite then this will be a downtrend week. the whole week
If I Go Broke Trying Then I Will die happy.
  • #22,520
  • Aug 6, 2007 5:46am Aug 6, 2007 5:46am
Quoting cesarnc
"Cows turning into bears"
like this?

http://picnac.com/thumbs/16cow-bear.jpg
"Abandon all hope, you who enter here" La Divina Commedia, Dante Alighieri
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