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Cable Update (GBPUSD)

  • #25,861
  • Aug 21, 2007 4:08am Aug 21, 2007 4:08am
Quoting dd33
Cable is going nowhere.. just up and down and undecisive.. a classic fight between the bear (backed by capital one rumors) and the bull (backed by Fed rate cut rumors). Who will win?? We will see in coming days..
Mixed trading ya... Remember, without news due out, technical plays more important role...
Hello World
  • #25,862
  • Aug 21, 2007 4:10am Aug 21, 2007 4:10am
The GU seems to have found the bottom. I'm thinking we needed this month to bring the run back down so we could gather enough steam to get to 2.1000. If/when feds cut rate we will see a strong move back in favor for the #. I don't think we will see 1.9700 broken again. (and now that I've said that I'm sure we will crash a few hundred pips).

I've made a lot of small pipage this week. everything has come back to stomp me out with only a little profit. The run down spoiled me, I'm going to have to take my pips instead of letting it go.
  • #25,863
  • Aug 21, 2007 4:17am Aug 21, 2007 4:17am
Quoting Alabama
The GU seems to have found the bottom. I'm thinking we needed this month to bring the run back down so we could gather enough steam to get to 2.1000. If/when feds cut rate we will see a strong move back in favor for the #. I don't think we will see 1.9700 broken again. (and now that I've said that I'm sure we will crash a few hundred pips).

I've made a lot of small pipage this week. everything has come back to stomp me out with only a little profit. The run down spoiled me, I'm going to have to take my pips instead of letting it go.
Wew...Tired... It's been like this a while... People shorted the pair, and it went up.. Others longed the pair, but it just not worthed trading it...
Hello World
  • #25,864
  • Aug 21, 2007 4:24am Aug 21, 2007 4:24am
becarefull my fellow traders, we all made off like a bandit last week pip after pip, now smokey the bear wants his money back.
If I Go Broke Trying Then I Will die happy.
  • #25,865
  • Aug 21, 2007 4:27am Aug 21, 2007 4:27am
Quoting Moe
becarefull my fellow traders, we all made off like a bandit last week pip after pip, now smokey the bear wants his money back.
After stretching ya?
Hello World
  • #25,866
  • Aug 21, 2007 4:28am Aug 21, 2007 4:28am
Quoting waf_1988
Wew...Tired... It's been like this a while... People shorted the pair, and it went up.. Others longed the pair, but it just not worthed trading it...
I agree with u. Its not even worth scalping. End up with my SL hit over and over again both on longs and shorts. Gonna stay out until she has made up her f***in mind.
  • #25,867
  • Aug 21, 2007 4:28am Aug 21, 2007 4:28am
Panic tookover again. Europe trading negative, Dow poiting -50 at open, don't know if 13,000 holds again.

My strategy is trading the redemption, where the big pip is in the long run. Got part of my trades stopped out at B/E, part for small loss, inside of the r:r I was looking for.

I'm not shorting this market and I'm not going long here with all drivers poiting down. 9700 to go long looks jiucy, but I'm planning to go in after a failure of that level (not auto buy limit), stock markets tell me so.

Another lousy week is shaping up already. Fed's billions are ignored, the cut is under scrutiny, nobody knows anything, everybody scramblimg for safety, so should we, imo...

I'm looking at treasurys, too. The bunker wehere the big money is flocking awaiting the radioactive cloud to dissipate.... When they come back, they will big time...

P.S. I started writing at 9800, now 9750 LOL
  • #25,868
  • Aug 21, 2007 4:29am Aug 21, 2007 4:29am
Quoting Alabama
The GU seems to have found the bottom. I'm thinking we needed this month to bring the run back down so we could gather enough steam to get to 2.1000. If/when feds cut rate we will see a strong move back in favor for the #. I don't think we will see 1.9700 broken again. (and now that I've said that I'm sure we will crash a few hundred pips).

I've made a lot of small pipage this week. everything has come back to stomp me out with only a little profit. The run down spoiled me, I'm going to have to take my pips instead of letting it go.
I've feelings in addition to some techs that we will see a big fall this week in the cable,,, ((According to Vegas)) - If you Guys trust that system.

Otherwise, being myself, I still think we're going to 2.++ levels. before the end of the year..

Regards.
SER O NO SER, ESA ES LA CUESTION A SER O NO A SER, ESA EL LA PREGUNTA..
  • #25,869
  • Aug 21, 2007 4:34am Aug 21, 2007 4:34am
Quoting abulsaid
I've feelings in addition to some techs that we will see a big fall this week in the cable,,, ((According to Vegas)) - If you Guys trust that system.

Otherwise, being myself, I still think we're going to 2.++ levels. before the end of the year..

Regards.
The pair is on 1.9747... Waiting for retracement to enter short... The pair just dropped about ten - twenty pips while I posting reply...

Intraday bias is already in favor for bear anyway...
Hello World
  • #25,870
  • Aug 21, 2007 4:36am Aug 21, 2007 4:36am
Quoting waf_1988
Wew...Tired... It's been like this a while... People shorted the pair, and it went up.. Others longed the pair, but it just not worthed trading it...
I was playing dow and cable - stupid when it is volatile - first rule is dont play that stuff... Of course this forum is packed with people who knew exactly where these markets were going - to descend off a cliff and lift back up - and they made millions yeah yeah yeah - fantasists !

people on here were talking about cable 1.82 and dow 10, 000 and i bet some of em were backing that...

I ended up losing only a couple of hundred pounds and thought myself lucky after being so stupid as to play that roller coaster...

Now lets see some direction come in before playing again... if it is going for 2.06/2.10 there will be plenty of entry points along the way - but its betting on which way the fly will jump right now. If the BOE says the inflation monster has gone away and no more rate hikes, then that will breathe life into UK housing and off we go again with hike speculation - I suppose thats why they are called cycles....

I need to buy some US dollars but at what point? My average on the ones I bought already is 2.00 just now - when it was 2.06 I was kicking myself but this week I am mr wise man... Got more GBP to sell so I am asking the tooth fairy and santa claus and all his little reindeer for 2.06 but as far as trading is concerned ? highly cautious.
  • #25,871
  • Aug 21, 2007 4:38am Aug 21, 2007 4:38am
Quoting waf_1988
The pair is on 1.9747... Waiting for retracement to enter short... The pair just dropped about ten - twenty pips while I posting reply...

Intraday bias is already in favor for bear anyway...
That is true... Trying to build long positions right now is not favoured. Could be the scalping shorts day, for you hungry dogs
  • #25,872
  • Aug 21, 2007 4:40am Aug 21, 2007 4:40am
heyy there cesarnc.. Panic in the market as you said is taking the pair lower... and seems to go even lower later on. Thinking of going short before having a better long entry?
give me my pips back...
  • #25,873
  • Aug 21, 2007 4:42am Aug 21, 2007 4:42am
Quoting cesarnc
That is true... Trying to build long positions right now is not favoured. Could be the scalping shorts day, for you hungry dogs
I hope the bear will be strong enough after stretching...

The pair just retraced to 1.9770 level...Wew....Mixed...I'll look forward to my 15m chart the next 15min before taking any short...

What about yours? How's your trading?!
Hello World
  • #25,874
  • Aug 21, 2007 4:43am Aug 21, 2007 4:43am
hi - anyone think its time to go long?
  • #25,875
  • Aug 21, 2007 4:43am Aug 21, 2007 4:43am
If u want to enter now.. with such high volatility, better put a very wide SL or the market will chew u alive. For me.. its not worth trading... yet
  • #25,876
  • Aug 21, 2007 4:44am Aug 21, 2007 4:44am
Quoting dd33
If u want to enter now.. with such high volatility, better put a very wide SL or the market will chew u alive. For me.. its not worth trading... yet
thanks - I'm waiting on the sidelines too
  • #25,877
  • Aug 21, 2007 4:44am Aug 21, 2007 4:44am
Quoting Lincoln_10
heyy there cesarnc.. Panic in the market as you said is taking the pair lower... and seems to go even lower later on. Thinking of going short before having a better long entry?
I'm not... With Euro and Swiss so quite and cable putting 50 pips up and down out of nowhere, I decided to stay out... It is Aussie acting so damn crazy since Australia open that is weighting in cable, as it seems... If you dare, have a look at this 1hr candle in AUDUSD... "untradeable"
  • #25,878
  • Aug 21, 2007 4:45am Aug 21, 2007 4:45am
Quoting cesarnc
Panic tookover again. Europe trading negative, Dow poiting -50 at open, don't know if 13,000 holds again.

My strategy is trading the redemption, where the big pip is in the long run. Got part of my trades stopped out at B/E, part for small loss, inside of the r:r I was looking for.

I'm not shorting this market and I'm not going long here with all drivers poiting down. 9700 to go long looks jiucy, but I'm planning to go in after a failure of that level (not auto buy limit), stock markets tell me so.

Another lousy week is shaping up already. Fed's billions are ignored, the cut is under scrutiny, nobody knows anything, everybody scramblimg for safety, so should we, imo...

I'm looking at treasurys, too. The bunker wehere the big money is flocking awaiting the radioactive cloud to dissipate.... When they come back, they will big time...

P.S. I started writing at 9800, now 9750 LOL
both of my orders got hit got stuck in a hedge one train heading south other heading north kind of hard being on two trains at one time hard on the nuts so i jump off both trains -18 pips.
If I Go Broke Trying Then I Will die happy.
  • #25,879
  • Aug 21, 2007 4:50am Aug 21, 2007 4:50am
Down for the count (Update8) - it's been 2/day average since the start of the trouble...

" Aug. 21 (Bloomberg) -- Landesbank Sachsen Girozentrale, the German state-owned bank getting emergency funding, has about 3 billion euros ($4 billion) in investments linked to U.S. subprime mortgages, according to a person with knowledge of the matter."
  • #25,880
  • Aug 21, 2007 4:52am Aug 21, 2007 4:52am
Quoting cesarnc
I'm not... With Euro and Swiss so quite and cable putting 50 pips up and down out of nowhere, I decided to stay out... It is Aussie acting so damn crazy since Australia open that is weighting in cable, as it seems... If you dare, have a look at this 1hr candle in AUDUSD... "untradeable"
Intraday bias is already down. Shorting cable is an option, yet...You may want to stay out, it's fine...

I shorted cable just for a little fortune actually... I believe the bear will be good enough after stretching... Better bear is expected, but...I prefer taking one good bear with little risk and little profit than taking a better bear with possible heart attack...:
Hello World
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