Cable Update (GBPUSD)

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Good Day

How is Cable now

I'm short the gbp/usd from 2.0805 with a target @ 2.0750

call them up, i got tired of seeing there advertising saying 2 pips, even on ff check out there prefer broker and you will see them saying 2 pips on those currency, so i call them on it and they gave it to me.

nice bear start to the day in the European session...

they must be so hungry.

Thats really bad since the market is strongly bullish and probably won't start bearish until 2.1020~2.1050 and that would probably be after 2 weeks.

The bullish flow has been going since april 2006 and if we take the same fluctuation since then the actual down trend wont start before 2.10?.

At least thats what my chart says on the weekly basis.

What do you all think.

yes you are right... there is a long term uptrend... but what we ask is a retracment for about 100 pips which is very likely... and than the cable can proceed to 2.1000

Morning all

http://www.rogerknapp.com/images/bear.jpg

pick-a-boo

FX OPTIONS: Early Sales Of 1wk Cable Vol (Includes MPC) London, November 1. Early London sales of 1 week atmf Cable vol to note this morning - contract opened 8.4/8.8 and was quickly given @ 8.4-8.3, to come back 8.0/8.5 on support.
This from levels around 9.0 yesterday. Further losses likely to be limited however, with US NFP data still to come Friday. Contract also now includes the next UK MPC rate decision, although it is the now widely accepted view that rates will be left on hold, that has perhaps prompted this mornings sales. Front end vols also pressured however, as spot drops back to higher 2.07"s from new 26 year highs at 2.0825 overnight. 1m atmf now 6.9/7.15 from highs around 7.5 yesterday

Are we heading to south??

4HR

Market seems in hangover fashion today... Also the usual pre-NFP's "look it but don't touch it"

Do you wanna see this thread back in business?

http://images.askmen.com/galleries/m...-picture-6.jpg

Not even wioth a beautiful woman. OK.

Short Euro short cable short oil short gold short dow short hell.

Cya later

UK ECON: UK High Street Retailers Report Slowdown In Sales London
November 01
Act. Prev.
01Nov 11:00 GBP Distributive Trade ind Oct 10.0 12.0
The CBI distributive trade index fell to 10.0 in October, below market
expectations. This is the lowest it has been in almost a year and could be
evidence of a continued slowdown in retail trade which has not shown in retail
sale s figures so far due to heavy discounting which has driven sales up. The
figure is below its long term average of +18.0 for the third consecutive month.
The effect of the rate hike executed in June is starting to feed in the economy
as consumer purchasing appetite is weakening and the manufacturing PMI also
showed a large drop in the UK today. Further deepening in the CBI retail trade
indicators should be expected for the coming months.
The expectations index is quite elevated at 15.05 suggesting that November
is expected to be a good month for high street retailers, but the sales volume
index continues its downward trend to reach 12.0 since peaking at 36.0 in May.
The survey was conducted between 27 September and 17 October and 146 respondents
participated. It covers about 20000 outlets and 40% of retail jobs

GBP/USD: 2.0820 Offers Tested, Option Barriers at 2.0900 London, November 1. Cable has tested 2.0820 offers after vaulting 2.0811 (today"s Asian session top) on the back of fresh demand for the high-yielding pound. 2.0825 was yesterday"s 26-year peak, scaled on the back of the 25bp Federal Funds rate cut to 4.5%.
Helping underpin GBP is the expectation that the UK base rate will be held at 5.75% next week (Nov 8). Touted bull targets north of 2.0825 include 2.0860, 2.0900 and 2.1000. Exotic option barriers reside at 2.0900 and 2.1000

don't look like it

what will happen if US new positive

we will find out in 2 min.

I didn't even realize there was news due

This is me, grinning.