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Cable Update (GBPUSD)

  • #26,661
  • Aug 24, 2007 5:48am Aug 24, 2007 5:48am
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...
I think ever since the CEO of Countrywide talked about a recession and housing slump yesterday.....fear has crept back into the market.

I made some nice pips this week and got stopped out of my longs for some profit....was doing a quick check in and will check back at 10am....because all I see is ranging at the moment.....

Good call by bulllrock about the holiday...makes a difference and the charts reflect as such.....
  • #26,662
  • Aug 24, 2007 5:55am Aug 24, 2007 5:55am
Quoting Turtle
I think ever since the CEO of Countrywide talked about a recession and housing slump yesterday.....fear has crept back into the market.

I made some nice pips this week and got stopped out of my longs for some profit....was doing a quick check in and will check back at 10am....because all I see is ranging at the moment.....
Yeeeahh... Bank of America stuffed $2bln, dragging his company out of the swamp and he pops: "We are out of the woods, but I fear for you all poor bastards. You're going down!"

End of the day, his company +7%, dow flat, recession on the wires, Asia down, Europe down, everybody down....
  • #26,663
  • Aug 24, 2007 6:03am Aug 24, 2007 6:03am
euro going up, up, up stronger then ever, chinese growth, is now fuelled for new highs, next year they have some world sport suff over there..., companies will get back to bussiness soon...sell on may and go away, happened in july, and come back in october, happen in avgust,...word is moving arround faster then u think...we had 2 sell off this year, why do u expect another one, just a little after the previous one, it doesnt make sence,...dow, dow, dow, as long as euro outperform the dollar, that means the dollar is bearish, the dow bulish, so,...hello, wake up call still not over....yet. blah u scalpers....
its just money
  • #26,664
  • Aug 24, 2007 6:06am Aug 24, 2007 6:06am
Quoting cesarnc
Yeeeahh... Bank of America stuffed $2bln, dragging his company out of the swamp and he pops: "We are out of the woods, but I fear for you all poor bastards. You're going down!"

End of the day, his company +7%, dow flat, recession on the wires, Asia down, Europe down, everybody down....
Don't you love the news.....back in February I was only watching charts....WRONG.....China crisis, made me start paying more attention to everything...
  • #26,665
  • Aug 24, 2007 6:11am Aug 24, 2007 6:11am
euro is finally kicking, its really nice to see some action in this pair, whereas cable is trying hard, not bad from the lows of today, nice recovery so far.
Hello World!
  • #26,666
  • Aug 24, 2007 6:19am Aug 24, 2007 6:19am
Quoting Turtle
Don't you love the news.....back in February I was only watching charts....WRONG.....China crisis, made me start paying more attention to everything...
You're in the "i want to guess what is going to happen" game. good. The reason why some people calling trading betting. Hope it works for you.
.
  • #26,667
  • Edited 6:26am Aug 24, 2007 6:24am | Edited 6:26am
Quoting bullrock
You're in the "i want to guess what is going to happen" game. good. The reason why some people calling trading betting. Hope it works for you.
I'm not trying to "guess".....this market is all about "speculation"....which just means that you can't only use one tool in your toolbox with forex in order to be successful.......
  • #26,668
  • Aug 24, 2007 6:30am Aug 24, 2007 6:30am
Quoting ClockTrader
euro is finally kicking, its really nice to see some action in this pair, whereas cable is trying hard, not bad from the lows of today, nice recovery so far.
I bet you all !


If cable doesn't do 2.013 by tuesday eve, I will call Hillary Clinton and ask her for a date...
  • #26,669
  • Aug 24, 2007 6:37am Aug 24, 2007 6:37am
Quoting allserene
I bet you all !


If cable doesn't do 2.013 by tuesday eve, I will call Hillary Clinton and ask her for a date...
Today?
  • #26,670
  • Aug 24, 2007 6:39am Aug 24, 2007 6:39am
the euro has a clear 4 hr candle above the six one eight fib kinda bullish eh?
  • #26,671
  • Aug 24, 2007 6:39am Aug 24, 2007 6:39am
Quoting cesarnc
Today?
That would be sweet....my trading alarm is set for 0075.....
  • #26,672
  • Aug 24, 2007 6:40am Aug 24, 2007 6:40am
For some reason, Dow futures is recoverying, now almost flat, while Euro stocks are also recoverying from the bottom.

This shorts covering going on since London could hit cable at anytime.
  • #26,673
  • Aug 24, 2007 6:41am Aug 24, 2007 6:41am
Quoting cesarnc
Today?
I know,I know...

If it doesn't go there today, your name will be Svetlana
Vivere pericolosamente...
  • #26,674
  • Aug 24, 2007 6:44am Aug 24, 2007 6:44am
i would like to see my 3666, not that i would close any profit, but i just like 2 see old highs to act as S1...go euro, go go
its just money
  • #26,675
  • Aug 24, 2007 6:45am Aug 24, 2007 6:45am
Quoting Petter
I know,I know...

If it doesn't go there today, your name will be Svetlana
I call all-in

http://www1.istockphoto.com/file_thu...ker_all_in.jpg
  • #26,676
  • Aug 24, 2007 7:06am Aug 24, 2007 7:06am
Quoting cesarnc
I call all-in
Cesar, you could easily beat the heavy chatters Conan O'brien and Jay Leno, why don't you start your own show, it can be a part time job beside the forex trading
  • #26,677
  • Aug 24, 2007 7:09am Aug 24, 2007 7:09am
anyone short gbp/usd??
"Invest With The Insiders, Not The Masses" George Muzea
  • #26,678
  • Aug 24, 2007 7:10am Aug 24, 2007 7:10am
Quoting Qu|cksilver
anyone short gbp/usd??
Yep....Mr Lincoln here is short !!!!!
For he that would be deceived, let him.
  • #26,679
  • Aug 24, 2007 7:11am Aug 24, 2007 7:11am
Quoting pino2
Cesar, you could easily beat the heavy chatters Conan O'brien and Jay Leno, why don't you start your own show, it can be a part time job beside the forex trading
Go on, mock me... Laugh at me... "BS" they say...

When cable touches 0100 today, this post will reach 160 users, all chewing drawdowns looking for a clue



I know it's a bold call... But cīmon, it's a beautiful Friday morning. What the hell else we got to do?
  • #26,680
  • Aug 24, 2007 7:16am Aug 24, 2007 7:16am
Quoting cesarnc
Go on, mock me... Laugh at me... "BS" they say...

When cable touches 0100 today, this post will reach 160 users, all chewing drawdowns looking for a clue



I know it's a bold call... But cīmon, it's a beautiful Friday morning. What the hell else we got to do?
I totally respect you
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