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Cable Update (GBPUSD)

  • #26,641
  • Aug 24, 2007 4:27am Aug 24, 2007 4:27am
The traders might take the profit from they long positions cause the turmoil still on the table and today is friday. Besides Asia stocks closed negative. To me it's a bear day, but who knows
No Brain, no Gain.
  • #26,642
  • Aug 24, 2007 4:29am Aug 24, 2007 4:29am
Quoting Tragapips
Seems price is returning to the median zone
Well Cable visit the median zone of the channel where strong buyers take control 0100-0130 seems the next step.

http://img206.imageshack.us/img206/6...7042303eu4.png
Johann Channels and cycles are everything
  • #26,643
  • Aug 24, 2007 4:33am Aug 24, 2007 4:33am
ok. if i may say...each correction in carries, cable or euro, is a good oportunity for fresh longs... even if it is friday, monday, thuesday, wednesday, thursday, or sunday...
its just money
  • #26,644
  • Aug 24, 2007 4:34am Aug 24, 2007 4:34am
Hello

I think when cable under 2.0057 it's nearest to go down ... better to wait to US session
  • #26,645
  • Aug 24, 2007 4:43am Aug 24, 2007 4:43am
Quoting cesarnc
Looks like the harvest can come to you shortly... At this moment, I wouldn't bet on a push too much higher from here... Specially looking at GJ weekly after the Chinese crises...

By "pushing too much higher" I mean 300+ pips.

But even if there is a temporary top cooking, I'm not going to short this market... If next week is bearish, I might stay aside to catch bottoms... My long bias not changed.
Well as far as my views goes the weekly and monthly chart is still bullish.. What happens on a day to day basis I do not know. I am closing all my positions today no matter what due to my weekly methodology... and monday is banking holiday here in the UK so I am not ding anything till Tuesday. I do not expect large movements except if the fellows in the US do something "major". Half of the UK is already on holiday and half of our trading desk is on holiday too.

Regards
.
  • #26,646
  • Aug 24, 2007 4:47am Aug 24, 2007 4:47am
Quoting bullrock
Well as far as my views goes the weekly and monthly chart is still bullish.. What happens on a day to day basis I do not know. I am closing all my positions today no matter what due to my weekly methodology... and monday is banking holiday here in the UK so I am not ding anything till Tuesday. I do not expect large movements except if the fellows in the US do something "major". Half of the UK is already on holiday and half of our trading desk is on holiday too.

Regards
Didn't know about the holiday. Now I get it... Euro pushing news highs and cable sleeping
  • #26,647
  • Aug 24, 2007 4:48am Aug 24, 2007 4:48am
Quoting deboooo2005
Hello

I think when cable under 2.0057 it's nearest to go down ... better to wait to US session
cable is acting like it's safe to go back in the water - but while the DOW is paralysed with fear and hiding in a corner, a degree of caution is necessary - yes my money is on 2.130's but.......
Come on Ben and say something - even if it's

'I am going to cut 2% - nope just kiddin' - it's going up 2% - nope just kiddin' again haha ! - gotcha going there for a while didn't I ?'
  • #26,648
  • Aug 24, 2007 4:57am Aug 24, 2007 4:57am
cable = cure for insomnia tonight.

Good night and I hope you all make a ton of pips while I'm blissfully sleeping
Cable is my sugardaddy
  • #26,649
  • Aug 24, 2007 5:03am Aug 24, 2007 5:03am
Quoting bohogirl
cable = cure for insomnia tonight.

Good night and I hope you all make a ton of pips while I'm blissfully sleeping
we are not making pips... we are trapping, catching, imprisoning, swallowing, ect those pips...
.
  • #26,650
  • Aug 24, 2007 5:06am Aug 24, 2007 5:06am
Even I long for long cables but I felt for a break and therefore I'll keep out for a while unless there is something exceptionally good coming up. I didn't have had the balls to short this morning(IN) but its ok given the current volatility.
Hello World!
  • #26,651
  • Aug 24, 2007 5:07am Aug 24, 2007 5:07am
Quoting pino2
Reaching 2.0073 will slightly confirm the upward move for today
guess what Pino. the trend is not my friend either. money is my my friend and i do not care what the current trend is...
.
  • #26,652
  • Aug 24, 2007 5:10am Aug 24, 2007 5:10am
Okay... I decided to grab what I have and there are just tiny trades to find their way out of this market...

I must get rid of this "giving it all back after ripping the market off" syndrome that I have. And this was a very nice week.

Besides, Europe stocks are going for new lows while dow futures is in red area. I'm not going to gamble this market.

If cable goes up, fine. If goes down I'm out at 9950 for some good profit for the trades that are there.....
  • #26,653
  • Aug 24, 2007 5:11am Aug 24, 2007 5:11am
Quoting cesarnc
Okay... I decided to grab what I have and there's just tiny trades to find their way out of this market...

I must get rid of this "giving it all back after ripping the market off" syndrome that I have. And this was a very nice week.

Besides, Europe stocks are going for new lows while dow futures is in red area. I'm not going to gamble this market.

If cable goes up, fine. If goes down I'm out at 9950 for some good profit for the trades that are there.....

Ps: I never gamble, but strees my luck
.
  • #26,654
  • Aug 24, 2007 5:17am Aug 24, 2007 5:17am
Quoting bullrock

Ps: I never gamble, but strees my luck
LOL...

If dow comes taking profit in a orderly way, scalping GJ shorts could yield some nice lil profit. Better with a lousy New Homes if such.

CNBC is all about bad news on the headlines.... I also learned to respect those headlines....

Early in the morning: "Mortgage Fund said shutting down"
Then at 9:30 EST: "US Stocks tumble on Mortgage Fund shutting down"
  • #26,655
  • Aug 24, 2007 5:23am Aug 24, 2007 5:23am
I do not know i just when short gj @ 232.4
.
  • #26,656
  • Aug 24, 2007 5:23am Aug 24, 2007 5:23am
Quote
Early in the morning: "Mortgage Fund said shutting down"
Then at 9:30 EST: "US Stocks tumble on Mortgage Fund shutting down"

I can feel whats happening over there, in fact the whole world has felt it(the pain). Now it sounds like a morning rhyme in US to me, wonder what else is yet to come until Bush is there.
Hello World!
  • #26,657
  • Aug 24, 2007 5:28am Aug 24, 2007 5:28am
Quoting ClockTrader
I can feel whats happening over there, in fact the whole world has felt it(the pain). Now it sounds like a morning rhyme in US to me, wonder what else is yet to come until Bush is there.
Invasion of chinese capital and then the chinese communist party will rule the US government... Start learning chinese
.
  • #26,658
  • Aug 24, 2007 5:31am Aug 24, 2007 5:31am
Quoting ClockTrader
I can feel whats happening over there, in fact the whole world has felt it(the pain). Now it sounds like a morning rhyme in US to me, wonder what else is yet to come until Bush is there.
Agree...

But Dow spent two days going up in spite of some funds dropping their shoes. The market didn't care. And I'm talking 5 or 6 funds reporting.

All of a sudden, talks of "another shoe to drop" got back into life. And as I didn't figure out yet if this is pure speculation or if the company's already known, I prefer to stay cautious. CNBC or Bloomberg spread the rumour, but not the whole deal... When confirmation comes, our carries are down some 200 pips already...
  • #26,659
  • Aug 24, 2007 5:37am Aug 24, 2007 5:37am
Quoting cesarnc
Agree...

But Dow spent two days going up in spite of some funds dropping their shoes. The market didn't care. And I'm talking 5 or 6 funds reporting.

All of a sudden, talks of "another shoe to drop" got back into life. And as I didn't figure out yet if this is pure speculation or if the company's already known, I prefer to stay cautious. CNBC or Bloomberg spread the rumour, but not the whole deal... When confirmation comes, our carries are down some 200 pips already...
Warren Buffett is buying using his 53 billion cash
.
  • #26,660
  • Aug 24, 2007 5:46am Aug 24, 2007 5:46am
Guess we will only hear from bravado again at 2.0300

Yes, him. bravado
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