Cable Update (GBPUSD) | Page 1564 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #31,261
  • Sep 18, 2007 9:57am Sep 18, 2007 9:57am
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
I expect GU to dip its bottom after The Fed make its announcement before shooting to the moon.. Nice place to go long..

:
"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #31,262
  • Sep 18, 2007 10:03am Sep 18, 2007 10:03am
It may not be good for cable longs after the anouncement because of the correlation to the Dow.

Right now Dow is pushing higher and it may be a setup to "sell on the news" whatever the Fed does (no cut, -25bps or -50bps). If there is a selloff, down goes cable too.
  • #31,263
  • Sep 18, 2007 10:06am Sep 18, 2007 10:06am
Quoting SunTrader
It may not be good for cable longs after the anouncement because of the correlation to the Dow.

Right now Dow is pushing higher and it may be a setup to "sell on the news" whatever the Fed does (no cut, -25bps or -50bps). If there is a selloff, down goes cable too.
it might be short lived, since the lows in stocks were defended yesterday nicely...i am adding some more...
its just money
  • #31,264
  • Sep 18, 2007 10:09am Sep 18, 2007 10:09am
Quoting Luffy
I would agree that gold is going into a new bull phase, but not now, not until they fall first. The only reason gold might be in a bull phase now is if there is a war. And i mean a war that has started, not just talks of war. Again that is just what I think. Everyone has their own opinions.

If gold flies to $1000 tomorrow and I am not on it, so be it. I'm into risk management, not greed management on my trades. And the risk for me is too big to buy gold now.
Well my opinion is based on what the commodity markets are doing - which tells me inflation is going higher, much higher. Take a look at CRB index. Thats all I need, not another war. Gold goes up with uncertainty in the geopolitcal realm and inflationary times. Once world economies reach the breaking point with commodities prices then gold may top out. But $500 hasn't been seen for over a year. IMO you will be waiting along time for that price again. I never say never, but it will be a long time for that to happen.
  • #31,265
  • Sep 18, 2007 10:16am Sep 18, 2007 10:16am
Dow has left the the starting blocks a bit too soon perhaps - that is 0.5 behaviour..... I have been wanting to short it for days - late today might be short it time...going to have to be fast though - all order tickets and pigs ready to fly...
  • #31,266
  • Sep 18, 2007 10:23am Sep 18, 2007 10:23am
Quoting allserene
going to have to be fast though - all order tickets and pigs ready to fly...
Are you expecting somekind of freeze, hours before the release? Or only after?
  • #31,267
  • Sep 18, 2007 10:28am Sep 18, 2007 10:28am
Uahhhuuggghhhh......morning guys !!!!!!!!!!!!!!
For he that would be deceived, let him.
  • #31,268
  • Sep 18, 2007 10:37am Sep 18, 2007 10:37am
Quoting pinchapip
Uahhhuuggghhhh......morning guys !!!!!!!!!!!!!!
"How do you know what kind of a goddamn day it is?"

http://www.warfarehq.com/reviews/rev...wsoldiers1.jpg
  • #31,269
  • Sep 18, 2007 10:39am Sep 18, 2007 10:39am
Quoting ClockTrader
wow, this cable thing is kicking man, so far so good, lets see how it goes today, I'll stay out for a while
Clock:
Did you get some of cable uptrend pies early this morning ?
  • #31,270
  • Sep 18, 2007 10:48am Sep 18, 2007 10:48am
Quoting cesarnc
"How do you know what kind of a goddamn day it is?"

http://www.warfarehq.com/reviews/rev...wsoldiers1.jpg
thats why I just said "morning".....the omission of the "good" was intentional hehehheheehheheheheh !!!!!!
For he that would be deceived, let him.
  • #31,271
  • Sep 18, 2007 10:49am Sep 18, 2007 10:49am
Hey Cesar....did you FINALLY go short yesterday night?????

See what you did....cable is up now !!!!!
For he that would be deceived, let him.
  • #31,272
  • Sep 18, 2007 10:51am Sep 18, 2007 10:51am
Quote
Clock:
Did you get some of cable uptrend pies early this morning ?

I've been in cable since euro session, I prefer not to share my positions for some private reasons.

I have taken 15% losses this month so far, finally pumped up equity with some deposits from my reserves to reduce this loss to 10%.

Haven't closed any positions lately, BUT I'll share my profit/loss here, might even share a photo if needed.

How about you dude ?
Hello World!
  • #31,273
  • Sep 18, 2007 10:55am Sep 18, 2007 10:55am
made a nice ~70 pips as it attacked 2.0000 while i was sleeping, just making up for my other bad JPY trades this week
  • #31,274
  • Sep 18, 2007 11:05am Sep 18, 2007 11:05am
Quoting SunTrader
Well my opinion is based on what the commodity markets are doing - which tells me inflation is going higher, much higher. Take a look at CRB index. Thats all I need, not another war. Gold goes up with uncertainty in the geopolitcal realm and inflationary times. Once world economies reach the breaking point with commodities prices then gold may top out. But $500 hasn't been seen for over a year. IMO you will be waiting along time for that price again. I never say never, but it will be a long time for that to happen.
Well since you follow the commodity index, I would point out that it is peaking and needs a correction soon. To me all these rallies are nothing but fake rallies, I'm an elliotician so that's how I classify them. Fundamentally they are just speculative money, once the Dow falls, more hedge funds getting margin calls, we will see them all coming down. Gold is just gold, people dont eat gold like wheat. People hold on to gold during uncertain times thinking that there will always be value in gold. In current times I hardly feel that thinking is even correct. I dont think people are expected to be holding onto bars of gold and buying food with them. We're only playing with paper gold, which can come crashing down at any time. The belief that people run to gold just because there is uncertainties in world economics/politics is overdone.

I would even bet that we would see gold at $500 before $900.
  • #31,275
  • Sep 18, 2007 11:06am Sep 18, 2007 11:06am
Just for the record, I went short at 2.0280 last week on Thursday and got my signal to close this morning at 8:00 am my time, Chicago, at 1.9967. I was hoping for 1.9800, but not enough steam this time. The support at 1.9880 could not be broken. Let's see what Benny will do this afternoon to shake things up.
  • #31,276
  • Sep 18, 2007 11:10am Sep 18, 2007 11:10am
Quoting ClockTrader
I've been in cable since euro session, I prefer not to share my positions for some private reasons.

I have taken 15% losses this month so far, finally pumped up equity with some deposits from my reserves to reduce this loss to 10%.

Haven't closed any positions lately, BUT I'll share my profit/loss here, might even share a photo if needed.

How about you dude ?
Blowing up the account happened to everyone even the best traders but I'm glad you made some money. As for me, I closed short from Euro session yesterday, bought cable long Euro session then closed it, and bought it long again then closed it to avoid US session. In my opinion, if you made profits in Forex take it off the table so I'm going to stay out until Euro session to see what market will give me then, but I'm not definitely going to chase anything w/ news announcement. Hopefully, I see you by then. Good luck.
  • #31,277
  • Sep 18, 2007 11:17am Sep 18, 2007 11:17am
Quoting pacman962
Blowing up the account happened to everyone even the best traders but I'm glad you made some money. As for me, I closed short from Euro session yesterday, bought cable long Euro session then closed it, and bought it long again then closed it to avoid US session. In my opinion, if you made profits in Forex take it off the table so I'm going to stay out until Euro session to see what market will give me then, but I'm not definitely going to chase anything w/ news announcement. Hopefully, I see you by then. Good luck.
15% is not blowing up, IMHO
.
  • #31,278
  • Sep 18, 2007 11:19am Sep 18, 2007 11:19am
Will Or Will Not Break That Mf 2.000 This Crap???
.
  • #31,279
  • Sep 18, 2007 11:25am Sep 18, 2007 11:25am
One tuck!

One no tuck!

--George Costanza
To laugh, to learn, and to teach!
  • #31,280
  • Sep 18, 2007 11:26am Sep 18, 2007 11:26am
Quoting FatCat
any complain/problem since you trade with them?
hum thats interesting - I am spreadbetting using cmc london - 3 pip spread at all times.
Just signed up with fxcm and it seems to vary 3 to 4 pips - mostly 4
255 traders viewing now, 1 is registered: