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Cable Update (GBPUSD)

  • #25,341
  • Aug 17, 2007 2:47am Aug 17, 2007 2:47am
I mentioned before manytimes that Monday is the key of the week, and the failure to reach 2.0259 on Monday was the first sign for me for the downward move this week, then the break of 2.0061 was the second sign for the downward move for this week, so I blindly went short this week, without even thinking a single second to go long, since when the above mentioned occurs it is a BIG SIGN for me NOT TO GO LONG even intra day
The prices now reached 1.9649 and bounced up like 100 pips, so it might be that prices are now pivoting and then will go down again, or a sign for the end of this downward move, the coming hours + next Monday might clear it up for me
  • #25,342
  • Aug 17, 2007 2:56am Aug 17, 2007 2:56am
Dear Cable,

Will you marry me?

Sincerely,
B.
Cable is my sugardaddy
  • #25,343
  • Aug 17, 2007 3:01am Aug 17, 2007 3:01am
Quoting bohogirl
Dear Cable,

Will you marry me?

Sincerely,
B.
GBP is married to USD. But I am still single :
I Love Forex Factory!
  • #25,344
  • Aug 17, 2007 3:21am Aug 17, 2007 3:21am
Sooooooooooooooo. The second I turn off the PC, GJ AJ EJ UJ go for a freefall.
The setup was 30 minutes after I went to bed, great. BAH!

I WANT MY 600 PIPS DAMMIT!


Also: this cable weekly close will be fun.
Attached Image
Trust price. Know yourself.
  • #25,345
  • Aug 17, 2007 3:30am Aug 17, 2007 3:30am
Volatility at the roof already. But stocks in europe are soaring...

Rumours of the day:
-FED is going to "do something about it"
-There will be "financial rescue" to fin companies
- Opportunity to buy several shares that were slaughtered through the week. "See late NYC"

I'm trading with caution and from a anti-nuclear bunker.
  • #25,346
  • Aug 17, 2007 3:41am Aug 17, 2007 3:41am
Late morning after celabrating a late night.

Good morning everbody on this I'm a greedy bastard friday.
I mean really, after all those pips this week here you are
going after even more. You should be ashamed of yourself.
With that being said, dust off those range trading skills, hopefully it breaks today. I went back a few pages to see what I missed an I see that Bravado finally got his mojo back.

http://www.poster.net/austin-powers/...ss-4900072.jpg
Just Trade It
  • #25,347
  • Aug 17, 2007 3:49am Aug 17, 2007 3:49am
The line in the sand has been put

"Traders said Japanese institutional investors seeking higher-yielding foreign assets would likely buy dollars around 113 yen to 114 yen and provide some support, but a further slide in stock markets would prompt a further unwind of carry trades."

Just be aware of the bold letters
  • #25,348
  • Aug 17, 2007 3:50am Aug 17, 2007 3:50am
seems like cable going to bounce to 1.98++ before it bearish to 1.95++....!!!!!unpredictable cable??????????????
  • #25,349
  • Aug 17, 2007 4:07am Aug 17, 2007 4:07am
Quoting cesarnc
The line in the sand has been put

"Traders said Japanese institutional investors seeking higher-yielding foreign assets would likely buy dollars around 113 yen to 114 yen and provide some support, but a further slide in stock markets would prompt a further unwind of carry trades."

Just be aware of the bold letters
Yeap, but friday will push them north, jpy i dont see it below current lows (that would be too nice... ), and if they dont increase rates, its already priced in, so the shorters will protect the gains (which they think they belong to them already) so that will trigger some stops...it already does trigger....
cable devils number might act as a weekly double bottom....a break below only...but not likely will move the pair souther...no black friday, confirms the opose happening also not so likely...and with those signs...long euro long, long gold long...
its just money
  • #25,350
  • Aug 17, 2007 4:14am Aug 17, 2007 4:14am
can i see whos long whos short from oandas platforma (u know those chart),...it might shows us the big picture....
its just money
  • #25,351
  • Aug 17, 2007 4:16am Aug 17, 2007 4:16am
Quoting de123
Yeap, but friday will push them north, jpy i dont see it below current lows (that would be too nice... ), and if they dont increase rates, its already priced in, so the shorters will protect the gains (which they think they belong to them already) so that will trigger some stops...it already does trigger....
cable devils number might act as a weekly double bottom....a break below only...but not likely will move the pair souther...no black friday, confirms the opose happening also not so likely...and with those signs...long euro long, long gold long...
Yeah.. Maybe - MAYBE !!! MAYBEEEEEEEE! we've seen the bottom here...

Super tight stops, locking @ B/E at first chance and let them to run. I'm looking at euro to take out 3450 and swiss to trade (or crack) 1.2 as first signs of majors short squeeze....
  • #25,352
  • Aug 17, 2007 4:18am Aug 17, 2007 4:18am
[quote=cesarnc;1544712]Yeah.. Maybe - MAYBE !!! MAYBEEEEEEEE! we've seen the bottom here...

HAHAAAAAAAAAAAAAAAA
LOLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL
yes MAYBE...
its just money
  • #25,353
  • Aug 17, 2007 4:25am Aug 17, 2007 4:25am
we have not seen the bottom, maybe for this week but we have not seen the bottom. A few months correction does not happen in two weeks. But some times it does. I personally dont believe this is over, I think we are just in a correction of the correction. But dont quote me.
Just Trade It
  • #25,354
  • Aug 17, 2007 4:28am Aug 17, 2007 4:28am
but again.. this is friday guys.. ANYTHING can happen on friday..
  • #25,355
  • Aug 17, 2007 4:30am Aug 17, 2007 4:30am
Morning all,,
Cesar,,
can please summarize the overall current status?
Because I missed everything today, i went long on USD\SLEEP!!
SER O NO SER, ESA ES LA CUESTION A SER O NO A SER, ESA EL LA PREGUNTA..
  • #25,356
  • Aug 17, 2007 4:36am Aug 17, 2007 4:36am
Quoting abulsaid
Morning all,,
Cesar,,
can please summarize the overall current status?
Because I missed everything today, i went long on USD\SLEEP!!
CNBC, Bloomberg, Stoxx.com, friends, foes, dogs, wind speed, amulets, saints , nuclear protection...
  • #25,357
  • Aug 17, 2007 4:40am Aug 17, 2007 4:40am
Quoting cesarnc
CNBC, Bloomberg, Stoxx.com, friends, foes, dogs, wind speed, amulets, saints , nuclear protection...
Wow, nice summary,,,,
Thank you, I own world now....
C'mon man,,, are we still in a high fkn volatile mk,
Or some Idiot ppl of the US top management did something to the world economy??
SER O NO SER, ESA ES LA CUESTION A SER O NO A SER, ESA EL LA PREGUNTA..
  • #25,358
  • Aug 17, 2007 4:42am Aug 17, 2007 4:42am
Quoting cesarnc
Yeah.. Maybe - MAYBE !!! MAYBEEEEEEEE! we've seen the bottom here...

Super tight stops, locking @ B/E at first chance and let them to run. I'm looking at euro to take out 3450 and swiss to trade (or crack) 1.2 as first signs of majors short squeeze....


1. Bottom pickers will be....etc etc

2. You do realize that in a carry unwind market USDCHF dropping doesn't have to mean EURUSD MUST rise...
Trust price. Know yourself.
  • #25,359
  • Aug 17, 2007 4:43am Aug 17, 2007 4:43am
next target: 825
  • #25,360
  • Aug 17, 2007 4:44am Aug 17, 2007 4:44am
I'm watching Bloomberg since yesterday,,,
They might say the word "collapse" 2bln times...
But I ddin't hear any from Bernankick,,,
Where the huck is him...
All he can do, is to Huck the world, then he disappeared under his blankets, flerting with his spouse,,,,,,,,
SER O NO SER, ESA ES LA CUESTION A SER O NO A SER, ESA EL LA PREGUNTA..
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