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Cable Update (GBPUSD)

  • #26,521
  • Aug 23, 2007 9:24am Aug 23, 2007 9:24am
Quoting de123
no, buy NOW!!!...
  • #26,522
  • Aug 23, 2007 9:27am Aug 23, 2007 9:27am
Quoting VEC
so carry is back in favor?

im a bit to nervous to get into it.

i might try a long from somewhere around 229.00(gbpjpy) if i get the chance though. what do you think about something like that ?
I can't see 229 here... GJ is within a nice channel in the 1hr. Channels in lower timeframes indicate strenght in the short term. This channel is going to crack sometime and then some consolidation may come into play. UJ is not used to push some 300 pips up without negotiating a little.

Those who missed the GJ train from 229, better off catch up on next week only. (I could be wroooong and GJ push to 240 tomorrow, LOL)
  • #26,523
  • Aug 23, 2007 9:27am Aug 23, 2007 9:27am
Everyone is hyped about the prime rate.

With this move up happenning so early I'm wondering when the big news comes out, the movement might have already been considered and it becomes a no trade. I'm not sold on the fact we are lowering interest rates just yet. But if Euro raises and NFP is bad and $ doesn't raise or even lowers none of this sound good for the $. Over all movement would be long.

hope fully retraces below $2 so can set buys at $2 and catch a health run up. probably sounds crazy huh.

Question I feel as if the $ will weaken over time so at what point will the Dow not follow the market(currency). Currently when the Dow rallies the $ weakens, is it alway like this or is it because of the current sub prime issues. Or is it just coincidence.
  • #26,524
  • Aug 23, 2007 9:31am Aug 23, 2007 9:31am
Quoting cesarnc
I can't see 229 here... GJ is within a nice channel in the 1hr. Channels in lower timeframes indicate strenght in the short term. This channel is going to crack sometime and then some consolidation may come into play. UJ is not used to push some 300 pips up without negotiating a little.

Those who missed the GJ train from 229, better off catch up on next week only. (I could be wroooong and GJ push to 240 tomorrow, LOL)


thanks for your input guys.
  • #26,525
  • Aug 23, 2007 9:34am Aug 23, 2007 9:34am
Chatters have it a "lil bit jitter" about "another shoe to drop"....

Can't figure if it is panic per se or if the company's name is in the hallways already....

Just a yellow alert.....
  • #26,526
  • Aug 23, 2007 9:59am Aug 23, 2007 9:59am
Quoting VEC


thanks for your input guys.
or to 220.000 LOL
.
  • #26,527
  • Aug 23, 2007 10:15am Aug 23, 2007 10:15am
Quoting Mystery
Hi all, I new joint this thread and I wan to share whit you all...
Welcome to the jungle
  • #26,528
  • Aug 23, 2007 10:15am Aug 23, 2007 10:15am
Quoting Alabama
Everyone is hyped about the prime rate.

With this move up happenning so early I'm wondering when the big news comes out, the movement might have already been considered and it becomes a no trade. I'm not sold on the fact we are lowering interest rates just yet. But if Euro raises and NFP is bad and $ doesn't raise or even lowers none of this sound good for the $. Over all movement would be long.

hope fully retraces below $2 so can set buys at $2 and catch a health run up. probably sounds crazy huh.

Question I feel as if the $ will weaken over time so at what point will the Dow not follow the market(currency). Currently when the Dow rallies the $ weakens, is it alway like this or is it because of the current sub prime issues. Or is it just coincidence.
couple of weeks ago the Dow and the gbp were rising together - yes. Last year the Dow was moving step by step inversely with oil and i was trading that - now they dont give a hoot if oil is 100 dollars.. So I think they pick partners for a while until everyone thinks thats how it works - then they change the mechanism so all you learned is useless - the DOW is obviously a woman

Fear stalks the streets and anything can happen until this rate thing is clear...Bernakepanke is not going to do what Jim Cramer tells him but GBP is wounded, so I would love to see 2.06 again soon but 2.02 ish is the best I am hoping for
  • #26,529
  • Aug 23, 2007 10:22am Aug 23, 2007 10:22am
Quoting cesarnc
Welcome to the jungle
Thanks cesarnc
I like GJ
  • #26,530
  • Aug 23, 2007 10:27am Aug 23, 2007 10:27am
Yeah, those guys know how to sound disgusting sometimes..

"Arthur Hogan, managing director at Jefferies, told CNBC.com. "There's also the concern that if we don't see negative data over the next few weeks, the Fed may stay on the sidelines.""

In other words: "we need some more people going to bankruptcy, not paying their loans and another, say 2,000 people fired here. And FAST. Otherwise big daddy will think it's alright".

tisk-tisk...
  • #26,531
  • Aug 23, 2007 10:46am Aug 23, 2007 10:46am
Quoting Mystery
Start tommorow I post here at 2:00 am until 5:am my resault analisis GBP/USD for share whit you all If you wan to see my resault for the day, you can click my signi..tq
hello bro mystery.. r u from nogold forum? long time no see u there.. many people miss u there..
(sorry.. out off topic)
  • #26,532
  • Aug 23, 2007 11:02am Aug 23, 2007 11:02am
i tested ur strategy today cesar, and i moved SL to BE, but TP is the same at carries...and dow is gona go bull, bull, bull,...it points towards 15.050.
its just money
  • #26,533
  • Aug 23, 2007 11:08am Aug 23, 2007 11:08am
Quoting de123
i tested ur strategy today cesar, and i moved SL to BE, but TP is the same at carries...and dow is gona go bull, bull, bull,...it points towards 15.050.
What strategy ? LOL...

I'm kind of going with the flow here...

Just picked this 232.10 few min ago when Mr. Jones regained 13,200. Has potential to become a nice trade, my concern is more profit taking in the end of the day or bulls taking over to flat....

Only at 3:59:59:999999999 pm EST we will figure out
  • #26,534
  • Aug 23, 2007 11:09am Aug 23, 2007 11:09am
Quoting cesarnc
What strategy ? LOL...

I'm kind of going with the flow here...

...well, like close profit, reenter, that kind of thing, and using SLs to be, am not use 2...
its just money
  • #26,535
  • Aug 23, 2007 11:13am Aug 23, 2007 11:13am
Quoting de123
...well, like close profit, reenter, that kind of thing, and using SLs to be, am not use 2...
I use that to protect a trade in the short term. In carries I'm using SL at B/E ASAP, then trailing 250, as I'm aiming the long run here.

Don't know if 250 is the golden number though. So I moved another trade's SL that would trigger at 232 lower and monitored it closely. Turned out to be the right move. At least for now.
  • #26,536
  • Aug 23, 2007 11:17am Aug 23, 2007 11:17am
Quoting bullrock
Ok. SORRY PLEASE ACCEPT MY APOLOGIES
No problem...don't worry there is plenty for everyone....
  • #26,537
  • Aug 23, 2007 11:21am Aug 23, 2007 11:21am
Quoting cesarnc
LOL... It's not about this... The question here is that everybody wants a piece of the carry trades, but no one wants a larger than 20 pips SL... That's why the jitter..

I hear ya...I guess everyone is a little nervous after what has happen in the past month. I can't blame them.

Right now, all I'm doing is letting the trade run and protect my profits. Adding lots when time is appropriate.....
  • #26,538
  • Aug 23, 2007 11:26am Aug 23, 2007 11:26am
yeap i got sl at 156.3 & 231.3...i dont know if i should took profit at 160.9 & 236, maybe ill just move the sl up, i need the interests, i got few buks in stocks, so i pay for interests...
its just money
  • #26,539
  • Aug 23, 2007 11:30am Aug 23, 2007 11:30am
Quoting cesarnc

Only at 3:59:59:999999999 pm EST we will figure out


Yea, I always notice that even after 4:00pm est the numbers keep changing...so what is the heck is the use of the closing bell if folks are still trading???
  • #26,540
  • Aug 23, 2007 11:41am Aug 23, 2007 11:41am
Quoting de123
yeap i got sl at 156.3 & 231.3...i dont know if i should took profit at 160.9 & 236, maybe ill just move the sl up, i need the interests, i got few buks in stocks, so i pay for interests...
236 my @$$...

You pop here with your long cable long euro, long gold, long china, long hell and aims 236?


Cable 2.1111 x UJ 133.33 = GJ 281.47
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