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Cable Update (GBPUSD)

  • #25,661
  • Aug 20, 2007 8:31am Aug 20, 2007 8:31am
Quoting de123
yeap they are ...eur/jpy, barc, db, aca...i just dont know where should i press buy...seems we got a global bull...still wait for the NY to open,...will look at MTU and Ashanti,...:

Geppy is going to be a good "Buy" more than Euppy......I'm looking at 1000+ pips.....

remeber to buy on rumour sell on strength

Breeze
  • #25,662
  • Aug 20, 2007 8:36am Aug 20, 2007 8:36am
if price will break 1,9842 it may be time for go short? :-)
  • #25,663
  • Aug 20, 2007 8:39am Aug 20, 2007 8:39am
ah i was so confident the pair would move above 9900 about 40 mins ago.. I really hate to be mistaken in the beginning of the week... But still have faith in the bullish power.

Big guys could you please slay some bears?
give me my pips back...
  • #25,664
  • Aug 20, 2007 8:46am Aug 20, 2007 8:46am
FED put $3.5bln
  • #25,665
  • Aug 20, 2007 8:48am Aug 20, 2007 8:48am
Quoting Lincoln_10
let me guess.. weakening Sterling?
Darn it
no, thats Aussy tread closing longs...: ..nothing else...liqudity comes from cable i guess...still not enough...
its just money
  • #25,666
  • Aug 20, 2007 8:48am Aug 20, 2007 8:48am
DOW will face strong resistance breaking above 13200. I think it will have to consolidate gains made since thursdays bottom. So I don't see it helping other markets including cable anytime soon.

It will probably pull back to 12900 or so before it might move higher in 2/3 days.
  • #25,667
  • Aug 20, 2007 8:48am Aug 20, 2007 8:48am
Quoting cesarnc
FED put $3.5bln

hmmm... well can see that it had a great effect for a bull for DOLLAR...
give me my pips back...
  • #25,668
  • Aug 20, 2007 8:52am Aug 20, 2007 8:52am
if it cant hold 9840... i am thinking of a fall...
observing this hour's close very closely.
give me my pips back...
  • #25,669
  • Aug 20, 2007 8:53am Aug 20, 2007 8:53am
Quoting de123
no, thats Aussy tread closing longs...: ..
LOL...

This is definetely not a market for short term trades. People with their Excel sheets looking for 20pips SL will provide the liquidity here.
  • #25,670
  • Aug 20, 2007 8:58am Aug 20, 2007 8:58am
Sure jitter still reigns... Dow trading flat and UJ down some 60 pips already.

Everybody will think twice to get back to carries, but won't blink an eye to sell the crap out of them...
  • #25,671
  • Edited 9:18am Aug 20, 2007 9:07am | Edited 9:18am
Banks shares droping 1%-2% on Dow, combined with... "i've never seen an one move rally from the bottom to new highs"...

i'm still thinking short as soon as strong resistance comes into play

if i enter.. i tp above new lows. (before double bottom)

This is correction until further notice, so i don't look for impulsive down waves. Just the minimal performance.
  • #25,672
  • Aug 20, 2007 9:17am Aug 20, 2007 9:17am
all i want another rally towards 9900...


Many people here might go against what i say but actually i am expecting 2.0100 sometime this week.
give me my pips back...
  • #25,673
  • Aug 20, 2007 9:17am Aug 20, 2007 9:17am
Quoting cesarnc
FED put $3.5bln
where did you got that information?
and i guess i was wrong...
To be or not to be, that's the question
  • #25,674
  • Aug 20, 2007 9:18am Aug 20, 2007 9:18am
Quoting Warper
Banks shares droping 1%-2% on Dow, combined with... "i've never seen an one move rally from the bottom to new highs"...
"... so let's put a new bottom" - LOL

Evergy companies also down, because last forecast says hurricane is not smashing Texas or whatever, oil down, everybody disapointed

Greedy bastards
  • #25,675
  • Aug 20, 2007 9:23am Aug 20, 2007 9:23am
cesarnc:
because dj now is above 13100 it indicates dollar weakness?
correct me if i'm wrong...
because i still don't get the connection between dj and cable...
thanks in advance....
To be or not to be, that's the question
  • #25,676
  • Aug 20, 2007 9:25am Aug 20, 2007 9:25am
Here is one source:

[BRIEFING.COM] Early gains have been erased as investors weigh the ramifications of the Fed stepping in yet again to add liquidity. Just after the market opened, the U.S. Federal Reserve said it added $3.5 bln in reserves via overnight repurchase agreements. Evidently participants are still struggling to grasp whether additional infusions are good or merely echo uncertainty as to the extensiveness of the credit turmoil.
  • #25,677
  • Aug 20, 2007 9:27am Aug 20, 2007 9:27am
Quoting hoezhiens
cesarnc:
because dj now is above 13100 it indicates dollar weakness?
correct me if i'm wrong...
because i still don't get the connection between dj and cable...
thanks in advance....
Main theme here is around carry trades, like GBPJPY. A weak dow jones under that amount of fear, push GBPJPY down via GU and UJ down simultaneously.
  • #25,678
  • Aug 20, 2007 9:27am Aug 20, 2007 9:27am
Quoting cesarnc
LOL...

This is definetely not a market for short term trades. People with their Excel sheets looking for 20pips SL will provide the liquidity here.
20 pips is the spread for jpy croses here, if im lucky i get that spread, usualy at xyz.50s, i can...
its just money
  • #25,679
  • Aug 20, 2007 9:31am Aug 20, 2007 9:31am
Quoting cesarnc
"... so let's put a new bottom" - LOL
That's not what i said.

http://img514.imageshack.us/img514/2092/aaaaapn3.jpg


I'm sorry for my drawing there.:

But... scenario 2 (pointed by arrow) is the probable thing to happen in my view.

Scenario 1... i confess i never seen it before.
  • #25,680
  • Aug 20, 2007 9:31am Aug 20, 2007 9:31am
Quoting SunTrader
Here is one source:

[BRIEFING.COM] Early gains have been erased as investors weigh the ramifications of the Fed stepping in yet again to add liquidity. Just after the market opened, the U.S. Federal Reserve said it added $3.5 bln in reserves via overnight repurchase agreements. Evidently participants are still struggling to grasp whether additional infusions are good or merely echo uncertainty as to the extensiveness of the credit turmoil.
Yeah, B.S. That is this market today...

One whole week screaming for FED to help, "cut the damn rates to save our asses!!!!!!!!". Now FED cuts and the market goes "hmmm, Are we sure it will be enough?"..

B.S.
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