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Cable Update (GBPUSD)

  • #27,301
  • Aug 28, 2007 12:14pm Aug 28, 2007 12:14pm
Quoting allserene
Can't see what the indecision is about - when it stops going up, it starts going down - and when it stops going down, it starts going up..

This system is 100% and guaranteed to work.....

look at your charts - its true !


Now you see how it works, send 10 dollars to The Darwen, Lancashire escape committee to show your appreciation .....
Cannot for the life of me understand why anyone would leave Darwen
The greatest enemy of a good plan is the dream of a perfect plan.
  • #27,302
  • Aug 28, 2007 12:15pm Aug 28, 2007 12:15pm
FOMC is likely to say something the market wants to hear.

Otherwise, we're heading towards a -300 selloff in dow jones LOL
  • #27,303
  • Aug 28, 2007 12:16pm Aug 28, 2007 12:16pm
I am Short on Cable.
  • #27,304
  • Aug 28, 2007 12:17pm Aug 28, 2007 12:17pm
Quoting ClockTrader
sorry dude, doesn't look like a thoughtful thought, just tell me long or short from here ?
i'm long cable long....
because it's almost always that bernanke make cable go higher...
i'm hoping that bernanke or fed or fomc meeting minutes make the same mistakes again....

soros jr.... here we come...
To be or not to be, that's the question
  • #27,305
  • Aug 28, 2007 12:18pm Aug 28, 2007 12:18pm
Quoting pino2
One of the worst days in trading, but I tried to hunt it wherever it goes, I started with a short trade that was opened yesterday @ 2.0135 and it went down to 2.0025 today but bounced off so I closed it @ 2.0053 with (+82 pips), then I tried to hunt it again so I opened a long trade @ 2.0080 it went up to 2.0141 and I placed a SL @ BE and I was away, I came back I found that it hit my SL @ BE, then I tried to hunt it again by adding a short trade @ 2.0081 I closed it @ 2.0069 with (+8 pips) I just closed it right now, I wasn't comfortable, I'll wait for Bernanke speech and will try to hunt it again and catch a good entry if possible.
still short with a pesky 1pip loss so far! but carry goin down so i think ill be ok. should have gone straight to the source thou, carry that is.

captured 80pips of that up move, that feels good! then i fell a sleep and missed the downmove
  • #27,306
  • Aug 28, 2007 12:20pm Aug 28, 2007 12:20pm
Quoting steve10%
Cannot for the life of me understand why anyone would leave Darwen
Is that anywhere near Bedlam?
To laugh, to learn, and to teach!
  • #27,307
  • Aug 28, 2007 12:29pm Aug 28, 2007 12:29pm
Quote
FOMC is likely to say something the market wants to hear.

Otherwise, we're heading towards a -300 selloff in dow jones LOL

you know man, its midnight here and I'm awake ONLY to see what your feds have to say, I'm like a drunk at the moment, half asleep, your top guy Bernanke should appreciate all this.
Hello World!
  • #27,308
  • Aug 28, 2007 12:37pm Aug 28, 2007 12:37pm
25 minutes to show time.......

Will watch the market to see how they react first before placing a trade...DOW at -155

This could be a nice carryover into the Asian sesion....
  • #27,309
  • Aug 28, 2007 12:39pm Aug 28, 2007 12:39pm
Quoting myles
Is that anywhere near Bedlam?
Or how about Strangeways ?
  • #27,310
  • Aug 28, 2007 12:51pm Aug 28, 2007 12:51pm
Quoting SunTrader
Or how about Strangeways ?
Allserene ought to know!
To laugh, to learn, and to teach!
  • #27,311
  • Aug 28, 2007 1:04pm Aug 28, 2007 1:04pm
Dow didn't have any major reaction to FOMC minutes. At least not yet.
  • #27,312
  • Aug 28, 2007 1:05pm Aug 28, 2007 1:05pm
Opps, may have spoke too soon.
  • #27,313
  • Aug 28, 2007 1:06pm Aug 28, 2007 1:06pm
Looks like they are digesting the minutes but DOW slowly keeps sinking.......
  • #27,314
  • Aug 28, 2007 1:08pm Aug 28, 2007 1:08pm
this should get the crocodealers selling. right?
  • #27,315
  • Aug 28, 2007 1:08pm Aug 28, 2007 1:08pm
or should i say kangoorulers?
  • #27,316
  • Aug 28, 2007 1:15pm Aug 28, 2007 1:15pm
B.S.
The Federal Reserve acknowledged at its last regular meeting that a policy response might be necessary if financial market conditions worsened, minutes of its Aug. 7 meeting, released on Tuesday, show.

Shiny here, only his bald head...

http://media1.cnbc.com/j/CNBC/Sectio...l_featured.jpg
  • #27,317
  • Aug 28, 2007 1:29pm Aug 28, 2007 1:29pm
Is he speaking or is he sleeping, no price movement!
  • #27,318
  • Aug 28, 2007 1:36pm Aug 28, 2007 1:36pm
Quoting pino2
Is he speaking or is he sleeping, no price movement!
Released the text only...

Digging into the B.S., looks like this piece was the key

"Although the downside risks to growth have increased somewhat, the Committee's predominant policy concern remains the risk that inflation will fail to moderate as expected. Future policy adjustments will depend on the outlook for both inflation and economic growth, as implied by incoming information."

Yet, inflation a grater concern. Bernanke was already called "rookie" because of this in the main newswires...

Whatever...
  • #27,319
  • Aug 28, 2007 1:41pm Aug 28, 2007 1:41pm
I guess we will get more insight from Ben on Friday......

In the meantime....pound slowly heading down.
  • #27,320
  • Aug 28, 2007 1:42pm Aug 28, 2007 1:42pm
Triangles poping in all timeframes... Here we go for some more waaaaiiiittiinnggg... dddaaaayyysss... laaazzyyy ddaayyyss...

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