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Cable Update (GBPUSD)

  • #30,201
  • Sep 12, 2007 7:51am Sep 12, 2007 7:51am
Quoting cesarnc
And here comes the US Oil inventories that are likely to show that US cars will have to step back to Flintstones era by late 2007

...lol....meet the finstones...u dont know a, well, ill tell u what the market is doing, the market is pricing in the TRY deficit...i guess...lol
its just money
  • #30,202
  • Sep 12, 2007 7:52am Sep 12, 2007 7:52am
EU looking to pull back as well, could be a big pull back considering making a new high. Still holding but watching VERY CAREFULLY
Just Trade It
  • #30,203
  • Sep 12, 2007 7:59am Sep 12, 2007 7:59am
Quoting Turtle
So King must be coming from that school of Bernankeism......
In my opinion the Uk economy is due for a header - it follows the US cycle - it just needs that employment stat to dip like the US and that's all it needs to push it over the brink..
First step a halt in rates, like the US
Second step the hand to mouth people can't pay their mortgages like the US
Third step housing goes ouch like the US
Fourth step employment dips - like the US has just done...
$80 oil we just disregard ok
5th step its the early 90's, devastated professionals topping themselves - the whole thing

They don't call em cycles because they have lights and saddles and a little bell ...its because they keep coming back - like my mother in law and haircuts
  • #30,204
  • Sep 12, 2007 8:01am Sep 12, 2007 8:01am
euro wants to hit 3900 so bad, and cable got that same mindset as last week ( you go your way and il go my way ) im gona put a chain around cable neck and drag this motherfu,ker my way.
If I Go Broke Trying Then I Will die happy.
  • #30,205
  • Sep 12, 2007 8:02am Sep 12, 2007 8:02am
Here is what is going on...

For this entire year, the main theme was whether or not US economy was heading toward the well-known "soft landing". In the meawhile economic data was mixed and Fed mute.

Now no one knows if this credit crunch could be the spark that was missing to accelerate the "landing" and turn it into a plane crash...

For instance, liquor companies report massive earnings and no one knows if this is indicating that consumer demand is not damaged or if it is so damaged that people are getting drunk to forget. And the stock market goes bumping
  • #30,206
  • Sep 12, 2007 8:07am Sep 12, 2007 8:07am
a little chat mesages...
News Update: Russian President Putin has accepted the resignation of Prime Minister Mikhail Fradkov and his entire government, the Kremlin has said. Mr. Fradkov said he wanted to give President Putin "full freedom of decision including staff decisions". Analysts say deputy prime minister Sergei Ivanov could now become PM, six months before a presidential election. (BBC News)
its just money
  • #30,207
  • Sep 12, 2007 8:12am Sep 12, 2007 8:12am
Quoting cesarnc
Here is what is going on...

For this entire year, the main theme was whether or not US economy was heading toward the well-known "soft landing". In the meawhile economic data was mixed and Fed mute.

Now no one knows if this credit crunch could be the spark that was missing to accelerate the "landing" and turn it into a plane crash...

For instance, liquor companies report massive earnings and no one knows if this is indicating that consumer demand is not damaged or if it is so damaged that people are getting drunk to forget. And the stock market goes bumping
Good point Cesar - there IS a long term correlation between booze consumption and recession (except in Saudi). I don't know about gout - gout is caused by red wine and red meat. In a recession people drink more to forget but can't afford red meat so I would expect the gout index to hold steady - no pointers there.
  • #30,208
  • Sep 12, 2007 8:14am Sep 12, 2007 8:14am
Euro plz plz dont
  • #30,209
  • Sep 12, 2007 8:18am Sep 12, 2007 8:18am
Here comes NY with its BS again... Big trades are during the European session, these days...

I banked 3/4 of my euro positions and will wait for another window.

Bought small cable at 0318 and will hold until further clue. Possibly buying a bounce at mid-0200s to average in a notch... who knows...

Dow Futures is rising and there would be an opportunity to go long carries in case Dow open lower and bounce back up.... That's what I'll be watching from now on .....

King, cows and bears -> @#$@#%@#%¨!!!!!!!!!!
  • #30,210
  • Sep 12, 2007 8:31am Sep 12, 2007 8:31am
Ding;ding;ding
Just Trade It
  • #30,211
  • Sep 12, 2007 8:36am Sep 12, 2007 8:36am
Ok that's it.

I think you guys are behaving like babies blaming everything for a normal action.

Yes babies... You might criticize me, go ahead, but this is just non sense.

I'm a fundamental trader too but i'm not paranoid.

Searching non stop for a reason that might explain todays normal drop is just incredible...

Everybody knows what King is thinking since the rate decision, so i don't understand whats the big deal.

Sometimes you blame news reporters for finding a reason everyday for every single pip moving. Now you are paying attention... don't get it.

What is so dificult to understand in this charts?

EUR

http://img502.imageshack.us/img502/5720/eurolv0.jpg

GBP

http://img502.imageshack.us/img502/2650/gbpzk1.jpg


Just like i said, they might stall for a good period. They might go throught the channel line... Today Tomorrow...

But the drop?

N O R M A L Exhaustion! And i'm not creating random upper lines. They are completly parallel to the main H4 TL just below.
  • #30,212
  • Sep 12, 2007 8:40am Sep 12, 2007 8:40am
Martian loofer King with cow

http://languagecenter.cla.umn.edu/el...owandalien.jpg

I am still long but petrified with fear
  • #30,213
  • Sep 12, 2007 8:44am Sep 12, 2007 8:44am
Quoting allserene
Good point Cesar - there IS a long term correlation between booze consumption and recession (except in Saudi). I don't know about gout - gout is caused by red wine and red meat. In a recession people drink more to forget but can't afford red meat so I would expect the gout index to hold steady - no pointers there.
Stocks markets go up and down, but no matter what the economy is doing, people worldwide continue to drink, smoke, gamble, and fight.
Why not invest in vice? It makes sense to focus on "sin stocks"- tobacco, alcohol, adult entertainment, gambling, and aerospace/defence. It is common knowledge that even during an abysmal economy, people will continue to indulge in these goods and services.
Beyond all reasonable gout, investing in Vice is the ultimate defence in troubled economic times
  • #30,214
  • Sep 12, 2007 8:46am Sep 12, 2007 8:46am
Quoting Warper
Ok that's it.

I think you guys are behaving like babies blaming everything for a normal action.
LOL Warper!!!

It is those FREAKING WHIPSAWS that I'm complainig and whinning about!!!!!!! Look at euro, how there are waaaayyy less whipsaws... !!!!

Less whipsaws, easier to trade, at least for me and by big truck...

Whatever, This channel is perfect and yes, it could be time to go down a little... Problem will be - again - whip-f'n-saws....
  • #30,215
  • Sep 12, 2007 8:50am Sep 12, 2007 8:50am
Smooth ride going on in the land of the kangaroos.....

long aud long
  • #30,216
  • Sep 12, 2007 8:55am Sep 12, 2007 8:55am
Quoting cesarnc
LOL Warper!!!

It is those FREAKING WHIPSAWS that I'm complainig and whinning about!!!!!!! Look at euro, how there are waaaayyy less whipsaws... !!!!

Less whipsaws, easier to trade, at least for me and by big truck...

Whatever, This channel is perfect and yes, it could be time to go down a little... Problem will be - again - whip-f'n-saws....
Yes euro has been much more tradeable - lovely and smooth...but what about 1.39 ? is that where it gets whippy ?

It's been predicted so long that its a cert on this push - but what then...

At psychological levels for the first time it usually falls back a few times then goes through convincingly ..like the pound at 2.00 for the first time remember ? After it had been to 2.06, it just soared through 2.00 after every dip and nobody cared about 2.00. I reckon they will care about 1.39 the first time through...
and at 1.40 ??? !!!! aaaargghhh !
  • #30,217
  • Sep 12, 2007 8:58am Sep 12, 2007 8:58am
Quoting allserene
Yes euro has been much more tradeable - lovely and smooth...but what about 1.39 ? is that where it gets whippy ?

and at 1.40 ??? !!!! aaaargghhh !
1.4 will come. But euro is a polite fellow, doesn't go smashing big figures just like that....

It approaches, flert with it, invite to dinner, touch hands, pulls back a lil bit, bring flowers, the whole deal.

But doesn't call on the next day
  • #30,218
  • Sep 12, 2007 9:07am Sep 12, 2007 9:07am
next one...goes like this...
EURUSD is holding below 1.3880 region and today´s and all time high of 1.3888. Market opinion is that we will see the pair go to 1.40 in the near future but market is reluctant to buy the high. The cross is well offered around the high and even more at 1.3900/10. On the downside there should be a good supply of bids at 1.3810 level.
its just money
  • #30,219
  • Sep 12, 2007 9:08am Sep 12, 2007 9:08am
Quoting cesarnc
1.4 will come. But euro is a polite fellow, doesn't go smashing big figures just like that....

It approaches, flert with it, invite to dinner, touch hands, pulls back a lil bit, bring flowers, the whole deal.

But doesn't call on the next day
How would you describe cable? A b***??
.
  • #30,220
  • Sep 12, 2007 9:14am Sep 12, 2007 9:14am
Quoting bullrock
How would you describe cable? A b***??
The way it's offering itself for bulls and bears promiscuously, yes.
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