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Cable Update (GBPUSD)

  • #31,481
  • Sep 19, 2007 3:41am Sep 19, 2007 3:41am
look at that drop, this motherfucker don't wanna stop.
If I Go Broke Trying Then I Will die happy.
  • #31,482
  • Sep 19, 2007 3:43am Sep 19, 2007 3:43am
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  • #31,483
  • Sep 19, 2007 3:43am Sep 19, 2007 3:43am
Quoting bullrock
I've closed my longs 10pm.. and turned short... based on my swing system
it's a good swing.
If I Go Broke Trying Then I Will die happy.
  • #31,484
  • Sep 19, 2007 3:43am Sep 19, 2007 3:43am
Quoting ClockTrader
Cable is falling, looks ok and reasonable, though I only love to see it flying, but anyways, after ~300 point shoot within 12 hrs, this kind of fall is acceptable.

BUT WHAT the heck is wrong with euro ? Why doesn't it fall too ?
though it shoots decent along with cable

these pairs no more seem to be going hand in hand when the route is south.

DAANNGGGG
For what it's worth, in my humble opinion, I don't think we can look at cable and euro as 'hand in hand' anymore, mainly because of interest rates - looks like UK's done raising (and might start lowering, but we'll see - I'm not buying that theory quite yet), but Euro still has room to raise. A whole new ball game, if you ask me
Cable is my sugardaddy
  • #31,485
  • Sep 19, 2007 3:44am Sep 19, 2007 3:44am
Quoting ClockTrader
Cable is falling, looks ok and reasonable, though I only love to see it flying, but anyways, after ~300 point shoot within 12 hrs, this kind of fall is acceptable.

BUT WHAT the heck is wrong with euro ? Why doesn't it fall too ?
though it shoots decent along with cable

these pairs no more seem to be going hand in hand when the route is south.

DAANNGGGG
come on euro,...do what u gotta do, but break that 1.40s once and for all....
its just money
  • #31,486
  • Sep 19, 2007 3:45am Sep 19, 2007 3:45am
We still havent finished the daily abc correction started in Aug. W have started the c but still have a few more waves to go IMO.
Just Trade It
  • #31,487
  • Sep 19, 2007 3:46am Sep 19, 2007 3:46am
that was a pretty drop, non-stop that's the kind of plane oh no i mean train i like to be on.
If I Go Broke Trying Then I Will die happy.
  • #31,488
  • Sep 19, 2007 3:48am Sep 19, 2007 3:48am
Quoting bohogirl
For what it's worth, in my humble opinion, I don't think we can look at cable and euro as 'hand in hand' anymore, mainly because of interest rates - looks like UK's done raising (and might start lowering, but we'll see - I'm not buying that theory quite yet), but Euro still has room to raise. A whole new ball game, if you ask me
your right the game has change.
If I Go Broke Trying Then I Will die happy.
  • #31,489
  • Sep 19, 2007 3:48am Sep 19, 2007 3:48am
Quoting Moe
help help this is soros jr me and my friend ronald use my daddy money and went long cable at 2.0600 now were down billions what should we do, help please before my daddy finds out.
Trying to re-create Mr. Trend's thread Moe? This time even more dramatic.. down billions.. hehehe..

I wish pinchapips got a new photo that include soros sr, junior, and ronald..
  • #31,490
  • Sep 19, 2007 3:49am Sep 19, 2007 3:49am
Quoting Moe
it's a good swing.
If previous bar size equals or more to R and price comes back from top x% of ATR than sell. simple as that.

I think from now on when you look at EUR and GBP versus USD you should also look at the ERU/GBP thing as well.
.
  • #31,491
  • Sep 19, 2007 3:51am Sep 19, 2007 3:51am
Morning all...

Trading cable these day, whatever the direction, will be a war between UK interest rate forecast (no-change to cut) vs. US rate forecast (further cuts to come). I would call this war inglorious for our purposes...

Euro 3975 may be a good buy for today expecting further dollar dumping, that one heavily biased down after the Big Cut...

SL 50 can handle it.

Trading euro puts you in euro biased for further hikes with dollar biased for further cuts... CUTE

To note: Minutes 9-0 added to the no-change cause / retail sales tomorrow coming as forecast will do likewise.
  • #31,492
  • Sep 19, 2007 3:56am Sep 19, 2007 3:56am

Cable is bouncing around 2.0053 pivot pt. after punching it down so maybe we'll see the trend reversal or not in the next hour.

  • #31,493
  • Sep 19, 2007 3:56am Sep 19, 2007 3:56am
see g/u at the 2.000 line now
babalawo
  • #31,494
  • Sep 19, 2007 3:59am Sep 19, 2007 3:59am
Quoting dd33
Trying to re-create Mr. Trend's thread Moe? This time even more dramatic.. down billions.. hehehe..

I wish pinchapips got a new photo that include soros sr, junior, and ronald..
mr trend had me going for a minute.
If I Go Broke Trying Then I Will die happy.
  • #31,495
  • Sep 19, 2007 4:03am Sep 19, 2007 4:03am
Quoting bullrock
If previous bar size equals or more to R and price comes back from top x% of ATR than sell. simple as that.

I think from now on when you look at EUR and GBP versus USD you should also look at the ERU/GBP thing as well.
or you trying to teach me something young buck, i hope your still in that trade look like big pips.
If I Go Broke Trying Then I Will die happy.
  • #31,496
  • Sep 19, 2007 4:05am Sep 19, 2007 4:05am
there is no help for the pound, that up trend might be done.
If I Go Broke Trying Then I Will die happy.
  • #31,497
  • Sep 19, 2007 4:08am Sep 19, 2007 4:08am
55mins to go.. i will go long..
Kiyoski JR. "Time is your friend; impulse is your enemy."
  • #31,498
  • Sep 19, 2007 4:08am Sep 19, 2007 4:08am
Quoting Moe
there is no help for the pound, that up trend might be done.
Wow, lost for words w/ cable but happy!!!
  • #31,499
  • Sep 19, 2007 4:12am Sep 19, 2007 4:12am
Quoting pacman962
Wow, lost for words w/ cable but happy!!!
lets see what kind of words you have for cable later today, im setting my s.l at breakeven and im off to bed, gotta open office today, later and enjoy your pips to all.
If I Go Broke Trying Then I Will die happy.
  • #31,500
  • Sep 19, 2007 4:12am Sep 19, 2007 4:12am
Quoting Moe
or you trying to teach me something young buck, i hope your still in that trade look like big pips.
Moe I am not trying to teach you anything.... (Who told you my age?) I just told you what I have done. SL at BE now.
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