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Cable Update (GBPUSD)

  • #35,241
  • Oct 12, 2007 7:49am Oct 12, 2007 7:49am
The market had the move already set, no matter the news...

This is so freaking hard to trade...
  • #35,242
  • Oct 12, 2007 7:50am Oct 12, 2007 7:50am
the reason why i dont trade news...
.
  • #35,243
  • Oct 12, 2007 7:52am Oct 12, 2007 7:52am
Retrace from yesterday's fall. We should be going down in a while...http://forexfactory.com/images/icons/icon12.gif
  • #35,244
  • Oct 12, 2007 7:53am Oct 12, 2007 7:53am
Quoting bullrock
the reason why i dont trade news...
Trade what you see, not what you think.
  • #35,245
  • Oct 12, 2007 7:53am Oct 12, 2007 7:53am
Quoting dramapips
Retrace from yesterday's fall. We should be going down in a while...http://forexfactory.com/images/icons/icon12.gif
Or gi upwards for the next 9-12 hours...
.
  • #35,246
  • Oct 12, 2007 7:54am Oct 12, 2007 7:54am
Quoting dramapips
Retrace from yesterday's fall. We should be going down in a while...http://forexfactory.com/images/icons/icon12.gif
If it does, then I will love you - in a brotherly way of course. GJ longs closed.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #35,247
  • Oct 12, 2007 7:54am Oct 12, 2007 7:54am
Well since this is friday, good US news CAN be Bad Dollar hehehe....

but lately news trading doesnt pay much, no matter what the news is(was), the sentiment is always dollar negative.....

question is how much lower dolar will go, loonie is greater value than US$ will aussie too? (hope not) currently still shorting aussie at .8888 ( lucky number) hahahaha
  • #35,248
  • Oct 12, 2007 7:55am Oct 12, 2007 7:55am
Euro is going for 4140, then for new highs, then for 1.45 next week, thatīs all I can see with those huge buyers at the 4150s...

If cable is following suit, I don't know. But there are still a rocket-amount of fuel against the dollar. Thatīs for sure.
  • #35,249
  • Oct 12, 2007 7:55am Oct 12, 2007 7:55am
Quoting Plutonite
Oh yeah, and what about BOTH retail sales figures?

*tears*
My opinion is that with this figures there is a smaller chance of the fed cutting the rate again, but ECB must still raise this year.... if it was bad figures there would have been bear blood.............I think
  • #35,250
  • Oct 12, 2007 7:57am Oct 12, 2007 7:57am
alright, i'm short long term. tp below 1.9650. however, i expect another rally to 2.04 area so i have a large SL.
will post some charts when i come back.
Nihil Sine Deo.
  • #35,251
  • Oct 12, 2007 7:58am Oct 12, 2007 7:58am
...this is crazy but i'm holding my short until 0370 to reverse....i'm trading my daily charts and i'll stick to it ,same shit happened yesterday
  • #35,252
  • Oct 12, 2007 8:00am Oct 12, 2007 8:00am
...hope DOW will be all red
  • #35,253
  • Oct 12, 2007 8:02am Oct 12, 2007 8:02am
Quoting Scrat
alright, i'm short long term. tp below 1.9650. however, i expect another rally to 2.04 area so i have a large SL.
will post some charts when i come back.
In the next ice age....
.
  • #35,254
  • Oct 12, 2007 8:05am Oct 12, 2007 8:05am
wanna bet?

Quoting bullrock
In the next ice age....
Nihil Sine Deo.
  • #35,255
  • Oct 12, 2007 8:06am Oct 12, 2007 8:06am
Quoting 30pips
...hope DOW will be all red
Itīs green already,

Strong retails-> economy's fine
Tame Core PPI -> rate cut sentiment
Core PPI -> "Who gives a shit? Just because it's red in the FF's Calendar?"

  • #35,256
  • Oct 12, 2007 8:07am Oct 12, 2007 8:07am
Quoting bullrock
In the next ice age....
Alright can we now start with those LT longs I have been waiting for since last Friday! 2.0600 here we come!!!!!!!?
  • #35,257
  • Oct 12, 2007 8:08am Oct 12, 2007 8:08am
Quoting cesarnc
Euro is going for 4140, then for new highs, then for 1.45 next week, thatīs all I can see with those huge buyers at the 4150s...

If cable is following suit, I don't know. But there are still a rocket-amount of fuel against the dollar. Thatīs for sure.
IMHO, Euro is going to 1.39 next week (or week after).
  • #35,258
  • Oct 12, 2007 8:09am Oct 12, 2007 8:09am
People should start paying attention to Central Bank chatter.
Patience + Humility + Study = Success
  • #35,259
  • Oct 12, 2007 8:10am Oct 12, 2007 8:10am
Quoting dramapips
IMHO, Euro is going to 1.39 next week (or week after).
When the French President calls Monica Lewinski for a round
.
  • #35,260
  • Oct 12, 2007 8:13am Oct 12, 2007 8:13am
...if Dow stays green and cable above 0370...we'll see 500 today!
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