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Cable Update (GBPUSD)

  • #28,061
  • Aug 30, 2007 6:45pm Aug 30, 2007 6:45pm
Can you expand that entry for 5 pips above?

We never know if 2.0200 might act as a psicological number for SL hunters and then DOWN!! lol

Entry at 2.0200 will imply the real price below it.

We are targetting for gold here, so, 5 pips ? Better be safe..
  • #28,062
  • Aug 30, 2007 6:50pm Aug 30, 2007 6:50pm
Quoting Warper
Can you expand that entry for 5 pips above?

We never know if 2.0200 might act as a psicological number for SL hunters and then DOWN!! lol

Entry at 2.0200 will imply the real price below it.

We are targetting for gold here, so, 5 pips ? Better be safe..
LOL.. Indeed a good idea... Consider it done... Precisely at 2.0210 (spread included).

But I feel like there is a CRAZY OUT OF MY MIND BATTALION of buy stops mounting at this level as we speak
  • #28,063
  • Aug 30, 2007 7:00pm Aug 30, 2007 7:00pm
0200.........possibilities exist......


Pino...I'm feeling your pain here..pound at 0152 and the euro is just dragging it along....
  • #28,064
  • Aug 30, 2007 7:05pm Aug 30, 2007 7:05pm
Quoting cesarnc
But I feel like there is a CRAZY OUT OF MY MIND BATTALION of buy stops mounting at this level as we speak
Is that bad? That will act as a cannon!



Pino2 you will survive to laught about this day in the future sitting in your Viper. I hope..
  • #28,065
  • Aug 30, 2007 7:12pm Aug 30, 2007 7:12pm
Quoting bohogirl
And it's only 88 degrees outside... uh-ah
118 in Greece a few days ago! Don't complain!!

Here is hanging around 90 but i saw +100 in July.



Hey i just found out that i have 3 Bernanke Books and one from Fed Mishkin in my classes of my University.

Am i beeing brain washed? Should i change?
  • #28,066
  • Aug 30, 2007 7:22pm Aug 30, 2007 7:22pm
WOW...that barrier at 0160 is strong....pino's trade get another life.....
  • #28,067
  • Aug 30, 2007 7:45pm Aug 30, 2007 7:45pm
Quoting Turtle
0200.........possibilities exist......

I'm not saying cable WILL spike to the upside. I left the position just in case. I prefer this breakout not to come before I wake up... And I certainly prefer the rocket to the upside with the prevailing trend.

But market rules. And we obey as the humble, polite, good kids we are.

  • #28,068
  • Edited 8:11pm Aug 30, 2007 8:01pm | Edited 8:11pm
Quoting cesarnc
I'm not saying cable WILL spike to the upside. I left the position just in case. I prefer this breakout not to come before I wake up... And I certainly prefer the rocket to the upside with the prevailing trend.

But market rules. And we obey as the humble, polite, good kids we are.

I'm with you on this one...

But I had a vision............My perfect Friday would be for the pound to be 150 pips from either target....then once Uncle Benny either pleases or disappoints us...set my trade and watch it take off....

End Friday afternoon with a big smile and a nice cold one to begin the weekend.......

Oops I must be dreaming...I guess the market will decide and the ride will be fast with this thin volume....
  • #28,069
  • Aug 30, 2007 8:30pm Aug 30, 2007 8:30pm
Good Morning/A.Noon/Evening/Night Everyone,

The US session looks pretty messed up with cable n euro actually revealing the hidden desire in their heart to shoot and shoot BUT then even above their desires, market rules, for short term at least.

Euro n cable will keep shooting and touching new highs at the major level i.e. on D1 charts, but we got to be good to pin down whats going on at H1 and H4 level and when these join D1 trends.

Fridays certainly are interesting and lets see how this day unfolds.

Fingers crossed, eyes glued to the markets, lets see how it goes.

Good Luck to all Fella Members here and wish you loads of success and pips.

Cheers :-)
Hello World!
  • #28,070
  • Aug 30, 2007 9:03pm Aug 30, 2007 9:03pm
Did you guys ever take a minute to think about WHY uncle Ben is dragging his feet over a rate cut ????

Well I have e theory.....

Ben Bernanke is considered by the vast majority of the experts as an "academic" FED. He is probably very aware of the fact that another black Wednesday ( a la 9-16-1992) is eminent, and in a situation like that, rate cuts/hikes don't work.

Just take a look at what happened to the sterling during that time. The Brits hiked to 15% and people were still shorting the pound.

People THINK that the FED can do something!!!!

And the FED has to exploit this psychological edge as long as he can. Hawkish...dovish... it's just a game Ben Bernanke is playing ( with his virtual power) to try and keep the market tamed. Sounds like the virtual power the "grasshoppers" had over the ants in the Disney movie "A Bug's Life". It works while people believe it. If a stampede happens, the medicine will become poison...and to each cut on the rate, people will freak out even more and flee to the dollar.

When you know your weapons are weak you go to psychological warfare...IMHO that is what the FED is doing right now.
For he that would be deceived, let him.
  • #28,071
  • Aug 30, 2007 9:33pm Aug 30, 2007 9:33pm
I feel bad for Pino that 1.0160 has been taken out.
  • #28,072
  • Edited Aug 31, 2007 12:37am Aug 30, 2007 11:53pm | Edited Aug 31, 2007 12:37am
Hi every one
What I think about tomorrow; Bernanke will talk about the 4.% growth, that the economy in good shape and no need for the rate cut... as a result of that, the carry trade will unwind, Cable will go down.
I am selling cable at 2.0160 TP 2.0065
Good luck to all
  • #28,073
  • Edited 12:35am Aug 31, 2007 12:21am | Edited 12:35am
you already trigger short???? Be very carefull.. pound will still go up for another 120+ pips.


Quoting ndvt241
Hi every one
What I think about tomorrow; Bernanke will talk about the .04% growth, that the economy in good shape and no need for the rate cut... as a result of that, the carry trade will unwind, Cable will go down.
I am selling cable at 2.0160 TP 2.0065
Good luck to all
"Invest With The Insiders, Not The Masses" George Muzea
  • #28,074
  • Aug 31, 2007 12:29am Aug 31, 2007 12:29am
Quoting ndvt241
Hi every one
What I think about tomorrow; Bernanke will talk about the .04% growth, that the economy in good shape and no need for the rate cut... as a result of that, the carry trade will unwind, Cable will go down.
I am selling cable at 2.0160 TP 2.0065
Good luck to all
pino needs it.
If I Go Broke Trying Then I Will die happy.
  • #28,075
  • Aug 31, 2007 12:34am Aug 31, 2007 12:34am
GBPUSD

GBPUSD bottomed at 1.9959 on 4 hours chart. The pair is now in up trend, and further rise towards 2.0350 area is possible later today. Near term support is at 1.9959, and as long as this support holds, up trend will continue.
If I Go Broke Trying Then I Will die happy.
  • #28,076
  • Aug 31, 2007 12:38am Aug 31, 2007 12:38am
yes, i agree!

Quoting Moe
GBPUSD

GBPUSD bottomed at 1.9959 on 4 hours chart. The pair is now in up trend, and further rise towards 2.0350 area is possible later today. Near term support is at 1.9959, and as long as this support holds, up trend will continue.
"Invest With The Insiders, Not The Masses" George Muzea
  • #28,077
  • Aug 31, 2007 12:42am Aug 31, 2007 12:42am
Quoting Moe
GBPUSD

GBPUSD bottomed at 1.9959 on 4 hours chart. The pair is now in up trend, and further rise towards 2.0350 area is possible later today. Near term support is at 1.9959, and as long as this support holds, up trend will continue.
---------------------------------
When the talk is about the interest rate the 4 Hrs chart can do nothing
  • #28,078
  • Aug 31, 2007 12:56am Aug 31, 2007 12:56am
Why don't we ask Bullrock to flip his magical coin ?

That might be better in this dicy n sensitive scenario.
Hello World!
  • #28,079
  • Aug 31, 2007 1:09am Aug 31, 2007 1:09am
I'm long, TP 0270
Trade what you see, not what you think.
  • #28,080
  • Aug 31, 2007 1:18am Aug 31, 2007 1:18am
Quoting ClockTrader
Why don't we ask Bullrock to flip his magical coin ?

That might be better in this dicy n sensitive scenario.
I have already flipped my coin and said head so I sold...
.
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