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Cable Update (GBPUSD)

  • #27,581
  • Aug 29, 2007 9:23am Aug 29, 2007 9:23am
I'm tempted to lock my SL on EU to risk less, and Add 1 position on UJ?

Crazy?
  • #27,582
  • Aug 29, 2007 9:26am Aug 29, 2007 9:26am
Quoting Turtle
Just scalping right now......pound having trouble getting over 0160...DOW loss 20-40 points since that magic 100 number was reached.....thin volume trading....makes you have to be a quick thinker........
I drew a line in the sand: 13,100. So far, supported. If it goes, I'll bank profits and will wait for the after-lunchtime / late NY players.

This is not a market to gamble. This big push up could pretty well be short covering from yesterday. If Dow is going to hold gains today or not, it is the $1 million dollar question.
  • #27,583
  • Aug 29, 2007 9:27am Aug 29, 2007 9:27am
I have bailed out completely and trade tomorrow... I have done for today....
.
  • #27,584
  • Aug 29, 2007 9:29am Aug 29, 2007 9:29am
I feel one push towards 0160 before end of London session...as long as 13100 is still in place.....
  • #27,585
  • Aug 29, 2007 9:32am Aug 29, 2007 9:32am
Quoting Turtle
I feel one push towards 0160 before end of London session...as long as 13100 is still in place.....
Whatever greed is good within limits so I stay away now..
.
  • #27,586
  • Aug 29, 2007 9:33am Aug 29, 2007 9:33am
Quoting cesarnc
This is not a market to gamble.

That's right... i will stick to one position, like i always do.
  • #27,587
  • Aug 29, 2007 9:34am Aug 29, 2007 9:34am
Quoting bullrock
Whatever greed is good within limits so I stay away now..
When you trading small lots is doesn't feel like greed to me....more like learning to trust my gut feeling..........
  • #27,588
  • Aug 29, 2007 9:35am Aug 29, 2007 9:35am
Quoting Turtle
I feel one push towards 0160 before end of London session...as long as 13100 is still in place.....
They might send back this too 2.000 befaore that
.
  • #27,589
  • Aug 29, 2007 9:37am Aug 29, 2007 9:37am
Quoting Turtle
When you trading small lots is doesn't feel like greed to me....more like learning to trust my gut feeling..........
Agree... But I was loaded like a fuel tank ship. with 7 units each with x lots....
.
  • #27,590
  • Aug 29, 2007 9:38am Aug 29, 2007 9:38am
I would go short by the way... My 2 cents and my guts.
.
  • #27,591
  • Aug 29, 2007 9:39am Aug 29, 2007 9:39am
Quoting bullrock
They might send back this too 2.000 befaore that
That's the great thing about forex..you can trade either way....
  • #27,592
  • Aug 29, 2007 9:40am Aug 29, 2007 9:40am
big rats ! trying to scalp a bit on a ftse long and those oil inventories scuppered me..

lost a bit of my cable gains but only a bit

right I am off to pick up a red haired half Cherokee half Irish maniac from Ilkley station

She has got my credit card or I would stay and play

remember :

There are old pilots and there are bold pilots

- but there are no old, bold pilots !
  • #27,593
  • Aug 29, 2007 9:43am Aug 29, 2007 9:43am
How long can the U.S. stock exchange trade at these levels. All indications show the market should drop. I'm thinking the key announcement will be the unemployment claims for aug. The reason is if more people are collecting even with a rate cut sales will be down. Companies can borrow as much money as they want but if no one is buying they will be in worse shape. Everyone has been saying the market needed a correction so let it correct, creating false liquidity isn't helping anything. Besides the dollar could use a boost in value. I know that sept fmoc is what everyone is waiting on but in the grand scheme of things will it really matter. If they lower the rate all we are doing is prolonging the down fall.

I'm thinking the Dow will crash after lunch.


What I really would like to now is how this head line "China Sells $79 Billion Bonds to Set Up Reserves Fund" will effect the market and the value of the dollar. I've alway heard that when china starts selling bonds the U.S. dollar will drop. Anyone else have insight on this.

http://www.bloomberg.com/apps/news?p...eo&refer=china
  • #27,594
  • Aug 29, 2007 9:45am Aug 29, 2007 9:45am
Seen news that Fed put $25bln to the system today. Brazilian source.
  • #27,595
  • Aug 29, 2007 9:54am Aug 29, 2007 9:54am
Quoting Alabama
How long can the U.S. stock exchange trade at these levels. All indications show the market should drop. I'm thinking the key announcement will be the unemployment claims for aug. The reason is if more people are collecting even with a rate cut sales will be down. Companies can borrow as much money as they want but if no one is buying they will be in worse shape. Everyone has been saying the market needed a correction so let it correct, creating false liquidity isn't helping anything. Besides the dollar could use a boost in value. I know that sept fmoc is what everyone is waiting on but in the grand scheme of things will it really matter. If they lower the rate all we are doing is prolonging the down fall.

I'm thinking the Dow will crash after lunch.


What I really would like to now is how this head line "China Sells $79 Billion Bonds to Set Up Reserves Fund" will effect the market and the value of the dollar. I've alway heard that when china starts selling bonds the U.S. dollar will drop. Anyone else have insight on this.

http://www.bloomberg.com/apps/news?p...eo&refer=china
Funny.....Cesarnc had said something yesterday saying that this current set-up is starting to look like the crash in February......
  • #27,596
  • Aug 29, 2007 9:57am Aug 29, 2007 9:57am
Something to think:

Liquid Chinese banking sector absorbing subprime

http://www.marketwatch.com/news/stor...301ADC81E59%7D
Johann Channels and cycles are everything
  • #27,597
  • Aug 29, 2007 10:00am Aug 29, 2007 10:00am
Quoting Turtle
Funny Cesarnc had said something yesterday saying that this current set-up is starting to look like the crash in February......
It was a heads up only...

Dow just put new highs...

Big fall after lunch? +280 erasing y'day' move? I give 50/50
  • #27,598
  • Aug 29, 2007 10:02am Aug 29, 2007 10:02am
Quoting cesarnc
It was a heads up only...

Dow just put new highs...

Big fall after lunch? +280 erasing y'day' move? I give 50/50
And that what I take it as......the charts will tell me the story.....
  • #27,599
  • Aug 29, 2007 10:04am Aug 29, 2007 10:04am
Quoting Tragapips
Something to think:

Liquid Chinese banking sector absorbing subprime

http://www.marketwatch.com/news/stor...301ADC81E59%7D

Thanks...

The guys screw up in America, Shanghai pays the bills
  • #27,600
  • Aug 29, 2007 10:06am Aug 29, 2007 10:06am
Quoting Tragapips
Something to think:

Liquid Chinese banking sector absorbing subprime

http://www.marketwatch.com/news/stor...301ADC81E59%7D
this was a nice read. It was interesting to read how and why China is doing well.
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