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Cable Update (GBPUSD)

  • #33,401
  • Oct 1, 2007 4:04am Oct 1, 2007 4:04am
Yeahoooo.... time's up! Gtg... office is closing... got to rush back to my home pc. Pitty my wife... lack of attention to her lately coz of this damn hedging thing. Anyone else into hedging here?

See u guyz later
Made In Malaysia
  • #33,402
  • Oct 1, 2007 4:16am Oct 1, 2007 4:16am
  •  CWH
  • | Joined Feb 2007 | Status: United We Buy, Divided We Sell | 249 Posts
GU outlook for today:-

2.0410 - Solid support
2.0450 - Interim resistance
2.0500 - Solid resistance

"If, at first, you don't succeed, try, try, try again" - Winston Churchill
  • #33,403
  • Oct 1, 2007 4:20am Oct 1, 2007 4:20am
Quoting bullrock
The chinese prime minister
Hello World!
  • #33,404
  • Oct 1, 2007 4:21am Oct 1, 2007 4:21am
Quoting Shamx77
Good to long now??? My hand is itching again : Holding firmly to the mouse.
I have a belief that we should close trades in profits when there is itching in our right hand palm, BUT I always mess up, doesn't work well for me, lolz
Hello World!
  • #33,405
  • Oct 1, 2007 5:36am Oct 1, 2007 5:36am
Morning all....

My hangover is in the past now

But looks like bulls are full of the huge amount of stops the eat on Friday... Digestion is hard so far LOL.....

Cable looks offered for the day now that it has cleared the Frankfurt/London open levels. I saw commentaries calling some dollar recovery for the US session...
  • #33,406
  • Oct 1, 2007 5:52am Oct 1, 2007 5:52am
Quote
Morning all....

My hangover is in the past now

But looks like bulls are full of the huge amount of stops the eat on Friday... Digestion is hard so far LOL.....

Cable looks offered for the day now that it has cleared the Frankfurt/London open levels. I saw commentaries calling some dollar recovery for the US session...

thread was dead for many hrs, thanks for giving it a break :-)
Hello World!
  • #33,407
  • Oct 1, 2007 5:54am Oct 1, 2007 5:54am
Quoting cesarnc
Morning all....

My hangover is in the past now

But looks like bulls are full of the huge amount of stops the eat on Friday... Digestion is hard so far LOL.....

Cable looks offered for the day now that it has cleared the Frankfurt/London open levels. I saw commentaries calling some dollar recovery for the US session...
I'm with you cesar, i'm shor since 2.0443, i think that it may take to 2.02 in near term... I have a stop reverse 2.0447 with double lots, let's see
No Brain, no Gain.
  • #33,408
  • Oct 1, 2007 6:00am Oct 1, 2007 6:00am
Quoting BGazzoni
I'm with you cesar, i'm shor since 2.0443, i think that it may take to 2.02 in near term... I have a stop reverse 2.0447 with double lots, let's see
Why 2.02?
.
  • #33,409
  • Oct 1, 2007 6:05am Oct 1, 2007 6:05am
Quote
i'm shor since 2.0443

I'm long from 2.0495 and its true u c, its like -95 points right now
(I have not revealed my other positions in this photo though)

anybody else ?
Attached Image (click to enlarge)
Click to Enlarge Name: 01-Oct-07-long -cable.JPG Size: 11 KB
Hello World!
  • #33,410
  • Oct 1, 2007 6:05am Oct 1, 2007 6:05am
Quoting BGazzoni
I'm with you cesar, i'm shor since 2.0443, i think that it may take to 2.02 in near term... I have a stop reverse 2.0447 with double lots, let's see
2.02 denies the breakout from the triangle and, coupled with the lower high (0652 - 0492), calls for downside extension....

But we are still far from confirmation. Short term bias above the triangle is bullish.

I'm not dismissing this bearish view as GBP fundamentals are increasingly bearish (tame inflation, financial problems, BOE's bias).
  • #33,411
  • Oct 1, 2007 6:06am Oct 1, 2007 6:06am
Quoting bullrock
Why 2.02?
Hi BR, i just see 2.02 becuase, as i said it's for a near term, i'm not a tech guy, it's just the way i see.. I might be wrong as many 1kt trader here was before... I don't have a good reason, but at least 2.02 i really seing in the near term
No Brain, no Gain.
  • #33,412
  • Oct 1, 2007 6:07am Oct 1, 2007 6:07am
Quoting ClockTrader
I'm long from 2.0495 and its true u c, its like -95 points right now
(I have not revealed my other positions in this photo though)

anybody else ?
Patience my friend.
.
  • #33,413
  • Oct 1, 2007 6:11am Oct 1, 2007 6:11am
Quoting bullrock
Patience my friend.
supp BR ?

man, don't go by my pic.

mind it, I gave personal advise to Benssol this morning to go short from the tops

I'm sorta *&%%^#478^*(^&%6&*(&*^
feeling off my feet today
Hello World!
  • #33,414
  • Oct 1, 2007 6:12am Oct 1, 2007 6:12am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
I have a 1h 50ema at 2.0350 which is lining up with the previous resistance.

so i expect the to retrace to this point before going long again.
  • #33,415
  • Oct 1, 2007 6:16am Oct 1, 2007 6:16am
Quoting cesarnc
2.02 denies the breakout from the triangle and, coupled with the lower high (0652 - 0492), calls for downside extension....

But we are still far from confirmation. Short term bias above the triangle is bullish.

I'm not dismissing this bearish view as GBP fundamentals are increasingly bearish (tame inflation, financial problems, BOE's bias).
Hi Cesar, to me (from the techs view) 2.026 is the answer for a short, as i said from techs.... I really don't care if the A,B,C wave is in formation, but i'm seeing a short in cable and EUR, and near term bullish on USD (funds) so i have position open with SL at BE, and i fell confortable with it, becuase i see techs and funds giving me the edge. Of course i might be wrong (I have to say that because we have to many discussion on this thread lately...)

Edit: Uk Is giving to us (prety(?) softs signs that they will cut raise in medium term) and the subprime may atack the Uk too, becuase they have the expensive home in the word and you have seeing the news lately, it won't take to much longer to US beeing repatriate, it's just a matter to think reaseneble(?)
No Brain, no Gain.
  • #33,416
  • Oct 1, 2007 6:16am Oct 1, 2007 6:16am
Quoting MPP
I have a 1h 50ema at 2.0350 which is lining up with the previous resistance.

so i expect the to retrace to this point before going long again.
For that it has to break the 400 first.
.
  • #33,417
  • Oct 1, 2007 6:19am Oct 1, 2007 6:19am
LONG GU LONG GU LONG GU LONG GU LONG
Or else there the disaster will strike in the office in form of a massacre.
.
  • #33,418
  • Oct 1, 2007 6:23am Oct 1, 2007 6:23am
Quoting BGazzoni
Hi Cesar, to me (from the techs view) 2.026 is the answer for a short, as i said from techs.... I really don't care if the A,B,C wave is in formation, but i'm seeing a short, near term bullish on USD (funds) so i have position open with SL at BE, and i fell confortable with it, becuase i see techs and funds giving me the edge. Of course i might be wrong (I have to say that because we have to many discussion on this thread lately...)
I agree with you.... And I'll not disclose my take / my trades here not even in a million years... Lesson learned...

Today cable cleared from the Europe open level and taking it back in the same day is unusual...

Cable is giving us some 500 - 800 pips shortly. But the confirmation of the direction is likely to come in a few days only.

Patience sucks... But what can we do?
  • #33,419
  • Oct 1, 2007 6:25am Oct 1, 2007 6:25am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting bullrock
For that it has to break the 400 first.

it will
  • #33,420
  • Oct 1, 2007 6:29am Oct 1, 2007 6:29am
Quoting bullrock
LONG GU LONG GU LONG GU LONG GU LONG
Or else there the disaster will strike in the office in form of a massacre.
ur SL ? if u don't mind !
Hello World!
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