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Cable Update (GBPUSD)

  • #32,361
  • Sep 24, 2007 10:11am Sep 24, 2007 10:11am
Quoting pinchapip
The folks from the Asian shift are working overtime here today. Even Soros Jr was here few minutes ago...I wonder if it is some kind of "sign"
Soros had an asian son?
  • #32,362
  • Sep 24, 2007 10:13am Sep 24, 2007 10:13am
Quoting bullrock
I can sense a possibility of a drop of 200 pips but I need further confirmation (Bottom of the triangle)
I don't believe that cable will follow fiber down even if there is pressure on fiber. cable isn't overbought like fiber is.

my 2 pips.
  • #32,363
  • Sep 24, 2007 10:16am Sep 24, 2007 10:16am
Quoting leachimeewg
I don't believe that cable will follow fiber down even if there is pressure on fiber. cable isn't overbought like fiber is.

my 2 pips.
Hope you are right because I am quite bullish at the moment would not like to see my profits to evaporate...
.
  • #32,364
  • Sep 24, 2007 10:20am Sep 24, 2007 10:20am
Quoting leachimeewg
I don't believe that cable will follow fiber down even if there is pressure on fiber. cable isn't overbought like fiber is.

my 2 pips.
That's why I'm avoiding taking a position in cable. Specially if EURGBP decides to retrace from its bullrun via cable longs or mixed cable stalling / euro shorts.

Technically, euro shorts are safer to take than cable whatever the direction, imo.

There's no fundi or techi to suggest what would be a trade to take at 0200 (if such) - long as a bottom, short on breach

HOWEVER,

Today's cable can form a pin-bar at close below 0212, what would set up a short for tomora.
  • #32,365
  • Sep 24, 2007 10:22am Sep 24, 2007 10:22am
Quoting cesarnc
That's why I'm avoiding taking a position in cable. Specially if EURGBP decides to retrace from its bullrun via cable longs or mixed cable stalling / euro shorts.

Technically, euro shorts are safer to take than cable whatever the direction, imo.

There's no fundi or techi to suggest what would be a trade to take at 0200 (if such) - long as a bottom, short on breach

HOWEVER,

Today's cable can form a pin-bar at close below 0212, what would set up a short for tomora.
I second that
.
  • #32,366
  • Sep 24, 2007 10:23am Sep 24, 2007 10:23am
Quoting bullrock
Hope you are right because I am quite bullish at the moment would not like to see my profits to evaporate...
look at the candle on the cable and the fiber.
personally i looking for fiber to go below 1.4000 first, after that we could see more upside potential on the the euro pair..

then again, i could be wrong. lol...
  • #32,367
  • Sep 24, 2007 10:25am Sep 24, 2007 10:25am
Quoting cesarnc
That's why I'm avoiding taking a position in cable. Specially if EURGBP decides to retrace from its bullrun via cable longs or mixed cable stalling / euro shorts.

Technically, euro shorts are safer to take than cable whatever the direction, imo.

There's no fundi or techi to suggest what would be a trade to take at 0200 (if such) - long as a bottom, short on breach

HOWEVER,

Today's cable can form a pin-bar at close below 0212, what would set up a short for tomora.
I agree on that. i closed off my cable short taking 20 odd pips.. am only holding on to my fiber shorts
  • #32,368
  • Sep 24, 2007 10:25am Sep 24, 2007 10:25am
Quoting leachimeewg
Soros had an asian son?
Yep...allegedly with a Japanese desperate housewife
Attached Image
For he that would be deceived, let him.
  • #32,369
  • Sep 24, 2007 10:28am Sep 24, 2007 10:28am
Quoting pinchapip
Yep...allegedly with a Japanese desperate housewife
so THATS what soros_jr looks like :

Bet carry trading came from the mum's genes...
  • #32,370
  • Sep 24, 2007 10:29am Sep 24, 2007 10:29am
i think this afternoon the cable will shoot up...
.
  • #32,371
  • Sep 24, 2007 10:30am Sep 24, 2007 10:30am
Quoting bullrock
i think this afternoon the cable will shoot up...

Don't haunt me Bullrock !!!!!!!!!!!!!!!!!!
For he that would be deceived, let him.
  • #32,372
  • Sep 24, 2007 10:33am Sep 24, 2007 10:33am
Although I am not a fan of H&S formation or looking at anything below 15 minute, but on a 5 minute chart there is a H&S (multiple shoulders bump, bump) that is projecting a drop down to at least 2.0165 area.

Also somebody mentioned evening star formation and looks like the popular PinBar if close stays down nears the day's low.

The only thing is the price action off the day's high has been slow and predictable. Nothing like a big down move begiining. Maybe tomorrows US existing home sales and consumer confidence will get things moving?
  • #32,373
  • Sep 24, 2007 10:33am Sep 24, 2007 10:33am
Quoting pinchapip
Don't haunt me Bullrock !!!!!!!!!!!!!!!!!!
Well it just slides further down... &$*£(&$£(*&$(*£&$(*£&$(*£&$(*£$&(*£&$(*£&$(*£$&(*£*&$(
.
  • #32,374
  • Sep 24, 2007 10:53am Sep 24, 2007 10:53am
At least 12 of the UK and Europe's biggest banks have now decided not to buy the Newcastle-based lender, according to the Sunday Times.
The paper says banks have estimated that it would require too much capital - as much as £20bn - to successfully refinance Northern Rock.
No-one from Northern Rock was available for comment.
For he that would be deceived, let him.
  • #32,375
  • Sep 24, 2007 10:55am Sep 24, 2007 10:55am
Quoting pinchapip
At least 12 of the UK and Europe's biggest banks have now decided not to buy the Newcastle-based lender, according to the Sunday Times.
The paper says banks have estimated that it would require too much capital - as much as £20bn - to successfully refinance Northern Rock.
No-one from Northern Rock was available for comment.
I dont give a damn about Northern Rock. The GU should go up and thats that. One bank or another will overtake it because of its client base one day...
.
  • #32,376
  • Sep 24, 2007 10:57am Sep 24, 2007 10:57am
i can see a pin bar (hammer) on 1H chart forming
.
  • #32,377
  • Sep 24, 2007 11:02am Sep 24, 2007 11:02am
Quoting bullrock
I dont give a damn about Northern Rock. The GU should go up and thats that. One bank or another will overtake it because of its client base one day...
The pound lost its luster Bullrock....people are suspicious about the Brits now......take a look at their LIBOR forecast
For he that would be deceived, let him.
  • #32,378
  • Sep 24, 2007 11:08am Sep 24, 2007 11:08am
Quoting pinchapip
The pound lost its luster Bullrock....people are suspicious about the Brits now......take a look at their LIBOR forecast
Thanks.... pinchapip... That is part of my job.
.
  • #32,379
  • Sep 24, 2007 11:11am Sep 24, 2007 11:11am
The knock-on effect of further reducing the value of the dollar led to pan-European planemaker Airbus warning last week that it may have to make further job cuts if the euro continues near its current highs.
For he that would be deceived, let him.
  • #32,380
  • Sep 24, 2007 11:13am Sep 24, 2007 11:13am
The warning came as Prime Minister Francois Fillon warned that France's finances were in a "critical" state.
For he that would be deceived, let him.
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