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Cable Update (GBPUSD)

  • #30,381
  • Sep 13, 2007 7:18am Sep 13, 2007 7:18am
Quoting cesarnc
And you know what? I said it already and I'm saying that again.

This guy, Bernanke, is coming with a no-change on Tuesday, possibly - possibly - signaling a cut in the future.

That will be it and that is going to INFURIATE the market.... I still think Bernanke is the 11K Dow Fed President...
I got another theory..
Benny coming with a 25/50 points hike.. saying something like "inflation is still our main concern BS.. " Market crash.. until end of week.. just in time for the "bin laden options" to be exercised. And it turns out the "institute" behind this options is the f**** FED themself... then coming with lower LIBOR rate to lend out those profits and months after that. US Trade Deficit covered..

Dont u just f**** LOVE this guy??
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  • #30,382
  • Sep 13, 2007 7:19am Sep 13, 2007 7:19am
Quoting dd33
I got another theory..
Benny coming with a 25/50 points hike.. saying something like "inflation is still our main concern BS.. " Market crash.. until end of week.. just in time for the "bin laden options" to be exercised. And it turns out the "institute" behind this options is the f**** FED themself... then coming with lower LIBOR rate to lend out those profits and months after that. US Trade Deficit covered..

Dont u just f**** LOVE this guy??
Trade what you see, not what you think.
  • #30,383
  • Sep 13, 2007 7:24am Sep 13, 2007 7:24am
Quote
US - Continuing Claims
Forecast: n/a Previous: n/a GMT Time: 12:30

Any views on this data ? 6 min. to go

I don't trade on news, but just curious if its gone be some sorta trigger
Hello World!
  • #30,384
  • Sep 13, 2007 7:27am Sep 13, 2007 7:27am
Quoting dd33
I got another theory..
Benny coming with a 25/50 points hike.. saying something like "inflation is still our main concern BS.. " Market crash.. until end of week.. just in time for the "bin laden options" to be exercised. And it turns out the "institute" behind this options is the f**** FED themself... then coming with lower LIBOR rate to lend out those profits and months after that. US Trade Deficit covered..

Dont u just f**** LOVE this guy??
This is a valid scenario, too. Today the market is looking at a cut as the lifeboat. Can you imagine what is going to happen when a hedge fund reports dropping its shoes on Wednesday????

In contrast, ECB's speech is "it is OUR role to keep the money market working properly". It doesn't mean "bailout". It means "we know what we have to do"

First strong commentary from Bernanke was "NO BAILOUT! FORGET IT!". And the market is not sure if Fed knows what they have to do....

Worst of all. If he cut like 0.25% on Tuesday, I bet on a massive selloff in all markets, exactly because the next sentiment to kick is will be "will it be enough? Are we reeeaallyyy sure this is the solution???"

I'm set to short the crap out of all pairs on Tuesday at first stench of B.S.
  • #30,385
  • Sep 13, 2007 7:28am Sep 13, 2007 7:28am
Quoting cesarnc
Swiss is at a MASSIVE trendline in the MONTHLY, right after a rate statement (hike), which seems to have been pretty hawkish...

If 1.18 goes, there is no foreseable ground under...

I'm short at the pullback after the news... Let's see what happens.
I´m happy that my limit order got me out for +15 an hour before the data and the 58 pip drop!
Trading Levels with WRBs
  • #30,386
  • Sep 13, 2007 7:33am Sep 13, 2007 7:33am
"All i want to do is have some fun, I've got the feeling I am not the only one...."
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  • #30,387
  • Sep 13, 2007 7:43am Sep 13, 2007 7:43am
Guys,

Just wanna ask something.. hope its not stupid.. claims came in better than expected.. shouldn't dollar strengthen? i'm not much of a news trading person. but I'm just curious..

is this a case of bulls are strong.. news are just non-show?
  • #30,388
  • Sep 13, 2007 7:44am Sep 13, 2007 7:44am
Quoting leachimeewg
Guys,

Just wanna ask something.. hope its not stupid.. claims came in better than expected.. shouldn't dollar strengthen? i'm not much of a news trading person. but I'm just curious..

is this a case of bulls are strong.. news are just non-show?
Not big movers and came out with slight deviation.
  • #30,389
  • Sep 13, 2007 7:46am Sep 13, 2007 7:46am
Quoting cesarnc
Not big movers and came out with slight deviation.
i see.. thanks.
  • #30,390
  • Sep 13, 2007 7:47am Sep 13, 2007 7:47am
Here is what I want GU either ph******* ^&*^%&*"£^"*&£^" or &£"(£&"(*£&(*"£(* that means either do 2.04 or 2.01 in the 1 or 2 hours.... Stop this BS
.
  • #30,391
  • Sep 13, 2007 7:50am Sep 13, 2007 7:50am
Quoting bullrock
Here is what I want GU either ph******* ^&*^%&*"£^"*&£^" or &£"(£&"(*£&(*"£(* that means either do 2.04 or 2.01 in the 1 or 2 hours.... Stop this BS
go long GJ till 235, forget GU.. it's being an annoying b|tch
Trade what you see, not what you think.
  • #30,392
  • Sep 13, 2007 7:58am Sep 13, 2007 7:58am
10yr Trasury still pushing. new highs after new highs.

Dow Futures is +60... Just to make this a lousy, impossible day to trade currencies...
  • #30,393
  • Sep 13, 2007 8:08am Sep 13, 2007 8:08am
Quoting leachimeewg
Guys,

Just wanna ask something.. hope its not stupid.. claims came in better than expected.. shouldn't dollar strengthen? i'm not much of a news trading person. but I'm just curious..

is this a case of bulls are strong.. news are just non-show?

After the NFP - none of this makes any sense. The only sense in the market at the moment is 9/18
  • #30,394
  • Sep 13, 2007 8:09am Sep 13, 2007 8:09am
Does anyone here trade GOLD ? Spot gold - i am planning a long @ 707 - anyone else - would be interested in hearing strategies and reasons.

Sorry to disrupt the GU thread
  • #30,395
  • Sep 13, 2007 8:11am Sep 13, 2007 8:11am
well, that probably sums up the whole world of investing. Things always seem to happen when we least expect it.
  • #30,396
  • Sep 13, 2007 8:18am Sep 13, 2007 8:18am
Quoting gmohata
Does anyone here trade GOLD ? Spot gold - i am planning a long @ 707 - anyone else - would be interested in hearing strategies and reasons.

Sorry to disrupt the GU thread
The move on treasurys today is denoting strong profit taking, actually dollar shorts covering. So although technically gold at 700 is a buy, my opinion is wait until this frenzy goes away...

Just killed all my trades in loss, erased my weekly profit and I'm going to wait for another window. When the market kicks in crazy, we cannot expect sanity to get back fast...
  • #30,397
  • Sep 13, 2007 8:29am Sep 13, 2007 8:29am
Quote
Quote:
US - Continuing Claims
Forecast: n/a Previous: n/a GMT Time: 12:30
Any views on this data ? 6 min. to go

I don't trade on news, but just curious if its gone be some sorta trigger

Quote
Guys,

Just wanna ask something.. hope its not stupid.. claims came in better than expected.. shouldn't dollar strengthen? i'm not much of a news trading person. but I'm just curious..

is this a case of bulls are strong.. news are just non-show?
Quote
Not big movers and came out with slight deviation.

this news had some corelation with that small move
Hello World!
  • #30,398
  • Sep 13, 2007 8:29am Sep 13, 2007 8:29am
Quoting cesarnc
The move on treasurys today is denoting strong profit taking, actually dollar shorts covering. So although technically gold at 700 is a buy, my opinion is wait until this frenzy goes away...

Just killed all my trades in loss, erased my weekly profit and I'm going to wait for another window. When the market kicks in crazy, we cannot expect sanity to get back fast...
Heh same here
.
  • #30,399
  • Sep 13, 2007 8:43am Sep 13, 2007 8:43am
I'm tempted to buy around 2.0250 with SL 2.0190


Major confluence in place.

Approaching trend line already above 2.0200

382 Fib from 1.9957 (Aug 29th Low)

H4 chart 50 SMA already rejected one time.



AND.... remember that weekly EUR GBP chart?

The weekly triangle line was already rejected, the price broke it for a while but is closing below it, which might indicate a catch up with euro in the upcoming days, even if it is EU droping to get equal to a stalling GU.

I don't like to buy without support clear confirmation but i think risking 2 percent with so many barriers as protection might be a good idea.

Even if this is a change in UK rates prospects, Euro rates will probably drag GBP a little more high, but with Euro overbought for now, i don't know.

I will buy it anyway. If i loose i will try a new buy around 2.0160 near the other trend line risking a few pips but getting a even better R:R.


Anyone doing this?
  • #30,400
  • Sep 13, 2007 8:45am Sep 13, 2007 8:45am
Can someone tell me why the marke on GBPUSD is so slow today ?
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