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Cable Update (GBPUSD)

  • #32,741
  • Sep 26, 2007 5:49am Sep 26, 2007 5:49am
or with other words....

people which pull the money from bank like we saw a week ago,....realize, they should buy euros imediatly, since the thing will be devaluated in years to come, ....if they didnt do that, they will regret when the gb will join the euro,...they will get only 0.9 euros for 1 pound,...yeap,...thats what they will get....or with other words 1 pound for 2 deutsche marka... ...just kiding ofcorse.
its just money
  • #32,742
  • Sep 26, 2007 5:52am Sep 26, 2007 5:52am
I hate waiting, no good setups right now, shorting cable for shits and giggles.
Just Trade It
  • #32,743
  • Sep 26, 2007 5:54am Sep 26, 2007 5:54am
(&&*%&^%$&(*()*)^&*&^&^%$#@%$567%$#^&*(7^%$%#6&^%

thats all I have to say right now, rest later with some photos
Hello World!
  • #32,744
  • Sep 26, 2007 5:57am Sep 26, 2007 5:57am
Quoting ClockTrader
(&&*%&^%$&(*()*)^&*&^&^%$#@%$567%$#^&*(7^%$%#6&^%

rest later with some photos
http://en.wikipedia.org/wiki/Image:E...2C_and_GBP.png
i agree,...the blue one is holding this baby down, just like cesar said...
its just money
  • #32,745
  • Sep 26, 2007 5:57am Sep 26, 2007 5:57am
Quoting cesarnc
Bad news: all-time high is 0.90

Good news: all-time highs were smashed like bugs this year
Yeah this always happens. The all times are usually so far off that speculators don't really see them on the charts and/or commercial activity does not find them relevant. Once the rush is over, there is usually a period of awe where everyone is just staring on at the spectacle then either a strong buy again or a scared sell. It's really funny to watch, but I don't trade that pair
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #32,746
  • Sep 26, 2007 5:58am Sep 26, 2007 5:58am
Quoting Turtle
Folks are waiting to see the results of this BOE auction they just had....results should be out around 7:30am est......

If alot of money was given out then could see cable break below 0100.
1.9800 will be next target if it breaks below 2.0100 - which it will - planning my short now - 1 hr, 4hr, daily - all point short - couple it up with fundamentals and you have a trade
  • #32,747
  • Sep 26, 2007 6:06am Sep 26, 2007 6:06am
Quoting gmohata
1.9800 will be next target if it breaks below 2.0100 - which it will - planning my short now - 1 hr, 4hr, daily - all point short - couple it up with fundamentals and you have a trade
News coming in 1h:30 min. Forecast is dollar bearish. I might jump in cable short after this release if the data comes better than forecast....

If comes worse / as forecast, I'll pass...

There is also a pack of inflation and housing related data this week.... Dollar bears are not going to let it go before them, imo.

This is the week the bears will squeeze the bulls by the balls until the last tear drops... Then comes the correction...
  • #32,748
  • Sep 26, 2007 6:12am Sep 26, 2007 6:12am
Quoting gmohata
1.9800 will be next target if it breaks below 2.0100 - which it will - planning my short now - 1 hr, 4hr, daily - all point short - couple it up with fundamentals and you have a trade
Don't you even consider the lower triangle line?
  • #32,749
  • Sep 26, 2007 6:12am Sep 26, 2007 6:12am
"(...) The central bank left its benchmark interest rate unchanged at a six-year high of 5.75 percent this month after rising borrowing costs eased concerns inflation would accelerate. Economists at Royal Bank of Scotland Group Plc and Citigroup Inc. now expect rate cuts in November. The bank will announce results of an auction of 10 billion pounds ($20 billion) of three-month loans at 12:30 p.m. in London."

From Bloomberg
  • #32,750
  • Sep 26, 2007 6:16am Sep 26, 2007 6:16am
Quoting cesarnc
News coming in 1h:30 min. Forecast is dollar bearish. I might jump in cable short after this release if the data comes better than forecast....

If comes worse / as forecast, I'll pass...

There is also a pack of inflation and housing related data this week.... Dollar bears are not going to let it go before them, imo.

This is the week the bears will squeeze the bulls by the balls until the last tear drops... Then comes the correction...
you are quite right there - i will just open a standing short order rather than entering just yet
  • #32,751
  • Sep 26, 2007 6:17am Sep 26, 2007 6:17am
Quoting cesarnc
"(...) The central bank left its benchmark interest rate unchanged at a six-year high of 5.75 percent this month after rising borrowing costs eased concerns inflation would accelerate. Economists at Royal Bank of Scotland Group Plc and Citigroup Inc. now expect rate cuts in November. The bank will announce results of an auction of 10 billion pounds ($20 billion) of three-month loans at 12:30 p.m. in London."

From Bloomberg
huh !!!!
Attached Image
For he that would be deceived, let him.
  • #32,752
  • Sep 26, 2007 6:22am Sep 26, 2007 6:22am
Quoting cesarnc
"(...) The central bank left its benchmark interest rate unchanged at a six-year high of 5.75 percent this month after rising borrowing costs eased concerns inflation would accelerate. Economists at Royal Bank of Scotland Group Plc and Citigroup Inc. now expect rate cuts in November. The bank will announce results of an auction of 10 billion pounds ($20 billion) of three-month loans at 12:30 p.m. in London."

From Bloomberg
What this is supposed to mean, is that we will now see who were hiding behing the bushes in pain and now is jumping foward to get a medkit, in front of the entire world.

Is that it?

Btw. Technicaly the triangle is making the last leg. This leg can easly extend towards the end of the week after everything is clear. Then a breakout is unavoidable up or down, but no more waiting.
  • #32,753
  • Sep 26, 2007 6:24am Sep 26, 2007 6:24am
I load longs till I die... Hang myself with a cable...
.
  • #32,754
  • Sep 26, 2007 6:25am Sep 26, 2007 6:25am
Quoting pinchapip
huh !!!!
  • #32,755
  • Sep 26, 2007 6:25am Sep 26, 2007 6:25am
something funny to watch while we pass the time
Islam vs christianity

Inserted Video
=
Just Trade It
  • #32,756
  • Sep 26, 2007 6:26am Sep 26, 2007 6:26am
The UK economy is just fine... Look at the numbers please... It is going to be even better... I have to have hard steel nerves now and patience.
.
  • #32,757
  • Sep 26, 2007 6:31am Sep 26, 2007 6:31am
Quoting bullrock
The UK economy is just fine... Look at the numbers please... It is going to be even better... I have to have hard steel nerves now and patience.
It's not a matter of bad or good economy. It's now a matter of where is UK's interest rate going to...

Market had it 5.5% toppish for 2007 early this year. We are at 5.75% and now the core indicator (CPI) is below UK's target of 2.0%.

Whether or not this financial turmoil is going to speed up a rate cut, is still being debated. But further, say 1 or 2 CPIs around 2.0%, and the market's going to start pricing in a rate cut cycle for 2008 and beyond...

And this is no good news, huh? If a UK and US rate cuts start being priced in simultaneously, we will go on here like blind rats in a shootout.
  • #32,758
  • Sep 26, 2007 6:32am Sep 26, 2007 6:32am
Quoting bullrock
Look, please... I have hard steel now.
Just Trade It
  • #32,759
  • Sep 26, 2007 6:33am Sep 26, 2007 6:33am
Quoting cesarnc
"(...) The central bank left its benchmark interest rate unchanged at a six-year high of 5.75 percent this month after rising borrowing costs eased concerns inflation would accelerate. Economists at Royal Bank of Scotland Group Plc and Citigroup Inc. now expect rate cuts in November. The bank will announce results of an auction of 10 billion pounds ($20 billion) of three-month loans at 12:30 p.m. in London."

From Bloomberg
No bids were received...........
  • #32,760
  • Sep 26, 2007 6:34am Sep 26, 2007 6:34am
Quote
(&&*%&^%$&(*()*)^&*&^&^%$#@%$567%$# ^&*(7^%$%#6&^%

rest later with some photos

Hello World!
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