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Cable Update (GBPUSD)

  • #27,761
  • Aug 30, 2007 3:44am Aug 30, 2007 3:44am
2.0130 good point to enter short
"Invest With The Insiders, Not The Masses" George Muzea
  • #27,762
  • Aug 30, 2007 3:45am Aug 30, 2007 3:45am
Quoting ClockTrader
and WTF WTF this is what I visualised this morning man and even said it here, shitloads of SLs below .0100
LOL.. I've done that already.... Sooo many times.

You think it will do this, that and that. It does exactly how you thought, but you didn't take the trade
  • #27,763
  • Aug 30, 2007 3:46am Aug 30, 2007 3:46am
Quoting Turtle
Here is part of the reason for the cable drop....BOE money ops lent GBP 1.556 bn via the special lending facility Weds at a penalty rate of 6.75%....got this for my trade station news (Market News International)

That didn't help.....so far 0090 held...if it breaks we might see 0075, then 0050......I hope not, but if so....looking for some longs
UPDATE......markets seems fairly sanguine over the BOE news that it lent money..... traders are saying that the "problem" appeared to have been due to system failure in payment clearances although no confirmation has yet been seen.......
  • #27,764
  • Aug 30, 2007 3:47am Aug 30, 2007 3:47am
Quoting Qu|cksilver
2.0130 good point to enter short
i would wait 2.0129
  • #27,765
  • Aug 30, 2007 3:49am Aug 30, 2007 3:49am
Quoting cesarnc
LOL.. I've done that already.... Sooo many times.

You think it will do this, that and that. It does exactly how you thought, but you didn't take the trade
Slowly and steadily, the trend is clearer. More pressure to the upside as far as I see here...

But, maybe retracement on due...
Hello World
  • #27,766
  • Aug 30, 2007 3:51am Aug 30, 2007 3:51am
Quoting Turtle
UPDATE......markets seems fairly sanguine over the BOE news that it lent money..... traders are saying that the "problem" appeared to have been due to system failure in payment clearances although no confirmation has yet been seen.......
and what that supposed to be?!
Hello World
  • #27,767
  • Aug 30, 2007 3:51am Aug 30, 2007 3:51am
Quote
LOL.. I've done that already.... Sooo many times.

You think it will do this, that and that. It does exactly how you thought, but you didn't take the trade

yea, but my shorts were a diversion, I was making huge, then a drop in floating profit, yet made 5% +

I'll stay out for now !!!
Hello World!
  • #27,768
  • Aug 30, 2007 3:54am Aug 30, 2007 3:54am
Thanks God that I don't have open trades right now, I can't tolorate this kind of market, just sitting and watching
  • #27,769
  • Aug 30, 2007 3:55am Aug 30, 2007 3:55am
Quoting waf_1988
and what that supposed to be?!
Based on the charts so far...sounds like to me they were upbeat about it...
  • #27,770
  • Aug 30, 2007 4:01am Aug 30, 2007 4:01am
Quoting Turtle
Based on the charts so far...sounds like to me they were upbeat about it...
Hey, the bear presence is strong, look at the 4H TF, the pair is overbought...It seems like a downtrend for me.

BUT, look again to the 15min chart, the pair is oversold...(WTH)

Now, wait and see game is on play...Looking for clearer clue on the pair...
Hello World
  • #27,771
  • Aug 30, 2007 4:02am Aug 30, 2007 4:02am
Quoting Turtle
UPDATE......markets seems fairly sanguine over the BOE news that it lent money..... traders are saying that the "problem" appeared to have been due to system failure in payment clearances although no confirmation has yet been seen.......
Thanks. I didn't see this news... damn cnbc and bloomberg.
  • #27,772
  • Aug 30, 2007 4:02am Aug 30, 2007 4:02am
Quoting pino2
Thanks God that I don't have open trades right now, I can't tolorate this kind of market, just sitting and watching
I'm using my tick by tick method which works great when market is ranging as fast as today - just done 38 pips on the last move, still on demo btw..
  • #27,773
  • Aug 30, 2007 4:05am Aug 30, 2007 4:05am
Quoting waf_1988
Hey, the bear presence is strong, look at the 4H TF, the pair is overbought...It seems like a downtrend for me.

BUT, look again to the 15min chart, the pair is oversold...(WTH)

Now, wait and see game is on play...Looking for clearer clue on the pair...
I understand...news right now is shaking the market......

All you can do is play along..if 0075 breaks then we have a different story.
  • #27,774
  • Aug 30, 2007 4:06am Aug 30, 2007 4:06am
F#$%$# cable... I'm out....
  • #27,775
  • Edited 4:34am Aug 30, 2007 4:08am | Edited 4:34am
Quoting Turtle
UPDATE......markets seems fairly sanguine over the BOE news that it lent money..... traders are saying that the "problem" appeared to have been due to system failure in payment clearances although no confirmation has yet been seen.......
Think I will skip my rent this month and tell em it's a system failure in my payment clearances -

they will say - 'oh thats ok then , we were getting worried'
  • #27,776
  • Aug 30, 2007 4:09am Aug 30, 2007 4:09am
Quoting allserene
Think I will skip my rent this month and tell em it's a system failure in my payment clearences -

they will say - 'oh thats ok then , we were getting worried'
Hey subprime folks have been doing it all this year.....why do you think we are in this mess.....
  • #27,777
  • Aug 30, 2007 4:12am Aug 30, 2007 4:12am
As long it is below 2.0154 so it calls for going short
An hourly close below 2.0113 might underpin any short trade (last hour was below 2.0113)
  • #27,778
  • Aug 30, 2007 4:13am Aug 30, 2007 4:13am
still short from 2.0129, SL @ 2.0117
pending buy @ 2.0113
  • #27,779
  • Aug 30, 2007 4:15am Aug 30, 2007 4:15am
Quoting Turtle
Hey subprime folks have been doing it all this year.....why do you think we are in this mess.....
LOL

It's strange that this news didn't hit the stocks. London is sound & safe at +1%....

It is this damn swiss that is playing the nonsense right now... I pulled out my longs for tiny losss since I haven't yet locked at B/E. But I'm not going to gamble this market....

Dow futures also at -23 so far... But it usually gets the direction later on....

Still biased up, tough. Looking for confirmation. If swiss settles, then we might have a nice long ride.
  • #27,780
  • Aug 30, 2007 4:15am Aug 30, 2007 4:15am
what a crazy market, you gotta love it.
If I Go Broke Trying Then I Will die happy.
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