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Cable Update (GBPUSD)

  • #24,801
  • Aug 15, 2007 3:26pm Aug 15, 2007 3:26pm
I now opened 3 sell orders
Sell @ 1.9925
Sell @ 1.9930
Sell @ 1.9940
All without SL, I'll place the SL after the close of the US session, cable I wish I can kill you again this time
GBP/JPY dropped 2000 pips since July 19th, wowwww
Whenever a correction starts for cable or a trend change, I'll trade GBP/JPY in parallel with cable aiming the same direction, and will keep it running at least for a thousand pips
Since the begining of this month, the cable direction was a little bit clear for me, except for today, I hope today was an exception
  • #24,802
  • Aug 15, 2007 3:58pm Aug 15, 2007 3:58pm
  •  tazmet
  • | Joined Jun 2007 | Status: Gold Member - Solid Gold Baby! | 47 Posts
I'm currently in short at 9900 - looking to 9800.


Quoting pino2
I now opened 3 sell orders
Sell @ 1.9925
Sell @ 1.9930
Sell @ 1.9940
All without SL, I'll place the SL after the close of the US session, cable I wish I can kill you again this time
GBP/JPY dropped 2000 pips since July 19th, wowwww
Whenever a correction starts for cable or a trend change, I'll trade GBP/JPY in parallel with cable aiming the same direction, and will keep it running at least for a thousand pips
Since the begining of this month, the cable direction was a little bit clear for me, except for today, I hope today was an exception
My business model Get pips => Keep Pips => Repeat
  • #24,803
  • Aug 15, 2007 4:05pm Aug 15, 2007 4:05pm
Dear Cable,
I love you.
Sincerely,
bohogirl
Cable is my sugardaddy
  • #24,804
  • Aug 15, 2007 4:09pm Aug 15, 2007 4:09pm
wow today was a very nerve wrecking day...this have been one of the hardest days i trade everrrrrrrrrrrrrrrrrrrrrrr
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #24,805
  • Aug 15, 2007 4:09pm Aug 15, 2007 4:09pm
Quoting tazmet
I'm currently in short at 9900 - looking to 9800.
joined the party, too. What hell? can't beat them, join them

BTW, those in GJ, what's the target in case 231.60 goes? Please: both reasoable today and unthinkable yesterday.
  • #24,806
  • Aug 15, 2007 4:15pm Aug 15, 2007 4:15pm
Quoting bohogirl
Dear Cable,
I love you.
Sincerely,
bohogirl
LOL
  • #24,807
  • Aug 15, 2007 4:16pm Aug 15, 2007 4:16pm
Quoting cesarnc
joined the party, too. What hell? can't beat them, join them

BTW, those in GJ, what's the target in case 231.60 goes? Please: both reasoable today and unthinkable yesterday.
I'm tired from shorting this market , and the swap is killer
  • #24,808
  • Aug 15, 2007 4:18pm Aug 15, 2007 4:18pm
Down Cable Down
Just Trade It
  • #24,809
  • Aug 15, 2007 4:20pm Aug 15, 2007 4:20pm
Quoting cesarnc
BTW, those in GJ, what's the target in case 231.60 goes? Please: both reasoable today and unthinkable yesterday.
Completing: I'm looking for 227.95 as "not crazy". 78% fib from 221.05 - 251.07.

Too bold?
  • #24,810
  • Aug 15, 2007 4:24pm Aug 15, 2007 4:24pm
200 pips in the last 20 minutes
CHA CHING
Just Trade It
  • #24,811
  • Aug 15, 2007 4:38pm Aug 15, 2007 4:38pm
Gotta love a carry trade unwinding when you get one.

choo-choo---tchaka tchka tchaka - choo- chooooo

http://www.railtext.com/images/fast_train.jpg
  • #24,812
  • Aug 15, 2007 4:42pm Aug 15, 2007 4:42pm
I knew it would come around sooner or later, and to think of all those people who said nothings happening off to the pub.
Just Trade It
  • #24,813
  • Aug 15, 2007 4:44pm Aug 15, 2007 4:44pm
I've never seen it happen coz I haven't been around for very long. Anybody have some dates this happened before so I can see it on the charts?
  • #24,814
  • Aug 15, 2007 4:49pm Aug 15, 2007 4:49pm
Quoting bobblong
I've never seen it happen coz I haven't been around for very long. Anybody have some dates this happened before so I can see it on the charts?
Week of Feb 25. Also propelled by stock market crash - China, then Frankfurt, then NYC.

When China crashed, Dow Jones went down 400 points in one day. We are not that far away from it. Dow Jones is putting -150/200 a day consistently.

On the caution side of the story: When the unwinding ends and the market recovers, the reversal is strong and fast.
  • #24,815
  • Aug 15, 2007 4:52pm Aug 15, 2007 4:52pm
Thanks. Carry unwind end = Investors re-investing?
  • #24,816
  • Aug 15, 2007 4:58pm Aug 15, 2007 4:58pm
Quoting bobblong
Thanks. Carry unwind end = Investors re-investing?
When this happened during the Chinese crisis, the carry trades recovered with the stock market. But going up like 200 in 200 pips

What is really disturbing right now is that the Chinese event was a "shakeout" made by the government to spook speculators. It went out of control for a while, but the market recovered fast.

There were no systemic crisis on the table - as there is right now about the credit sector. And now we are talking USA here...
  • #24,817
  • Aug 15, 2007 5:00pm Aug 15, 2007 5:00pm
SL was placed @ BE for my 3 sells orders
  • #24,818
  • Aug 15, 2007 5:00pm Aug 15, 2007 5:00pm
  •  tazmet
  • | Joined Jun 2007 | Status: Gold Member - Solid Gold Baby! | 47 Posts
Just joined the GJ party as well at 231. Hope I'm not too late for the punch.
My business model Get pips => Keep Pips => Repeat
  • #24,819
  • Aug 15, 2007 5:03pm Aug 15, 2007 5:03pm
Remember that the market will never repeat excatly, but it will have similarities
Just Trade It
  • #24,820
  • Aug 15, 2007 5:04pm Aug 15, 2007 5:04pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
just a quick note to say thanks to everyone here for spareing the time to educate me and provide us new traders with valuable information.

I have today had my best ever trading day and cleared just over 4000pips, these trades have been in place for a few days (SL in place and trades still open to make more).

I know i am not big enough to utter the words of bravado or big wave rider but i sure as hell feel like.

love this business.

I am a happy trader.

once again thanks for the time

regards

MPP
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