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Cable Update (GBPUSD)

  • #38,321
  • Nov 2, 2007 3:51am Nov 2, 2007 3:51am
no bensol,...no way,...that would be too obvious...
its just money
  • #38,322
  • Nov 2, 2007 3:53am Nov 2, 2007 3:53am
Quoting Ronald15
Chart 02.11
again, u used green arrow not red,...green is bull, red is bear...halo!!
its just money
  • #38,323
  • Nov 2, 2007 3:55am Nov 2, 2007 3:55am
After Thursday's latest liquidity crisis, today's payrolls may prove of even less importance for the USD than before. "With inflows into US corporate credit products strained the USD looks set to slide however data like payrolls turn out," says Bear Stearns. The bank says a number well above the consensus 80K forecast could cause a short-squeeze, give the USD's recent selloff. But, it added, "we'd still see any rally as a selling opportunity."
  • #38,324
  • Nov 2, 2007 3:56am Nov 2, 2007 3:56am
Quoting de123
no bensol,...no way,...that would be too obvious...
LOL
  • #38,325
  • Nov 2, 2007 3:57am Nov 2, 2007 3:57am
Quoting Moe
went short at 2.0805, s/l 2.0850, t/p 2.0600
SL hit
  • #38,326
  • Nov 2, 2007 4:16am Nov 2, 2007 4:16am
The only thing that bugs me here is that every dollar pair is now looking USDCAD, which revoked fibonaccis, pullback, retracement and profit taking a long time ago.

USDCAD's weekly RSI (14) is 15 already, feeling sound and safe.

In the event of a dollar positive NFP, it could be used just to sell more dollars at a better price after the frenzy....

Dollar is being a sell on rallies at every 20 pips here
  • #38,327
  • Nov 2, 2007 4:21am Nov 2, 2007 4:21am
if bohogirl is sleepy u know what u get, but today de123 is too sleepy,...so 2.11 is a must,...go go go, beat the bears, and theirs bearish forming patterns,...they dont know what are they talking about, eur/usd at 14666, cable at 2.0999, eur/jpy 172.22, geeppy i see at,...i dont know where, but not at 219....and u ???...please dont trade them,....i somewhat dont get it why my internet connection was down today at 00:30 local, do u ???....
its just money
  • #38,328
  • Nov 2, 2007 4:32am Nov 2, 2007 4:32am
...look like NFP has leaked!
  • #38,329
  • Nov 2, 2007 4:38am Nov 2, 2007 4:38am
I think NFP will drag the price down later maybe to 2.0790 area... but overall still bullish after NFP.

Just my tought.
"Invest With The Insiders, Not The Masses" George Muzea
  • #38,330
  • Nov 2, 2007 4:40am Nov 2, 2007 4:40am
i see 66k, u?
its just money
  • #38,331
  • Nov 2, 2007 4:48am Nov 2, 2007 4:48am
Quoting de123
i see 66k, u?
I have no idea
I'm not good in economics.
"Invest With The Insiders, Not The Masses" George Muzea
  • #38,332
  • Nov 2, 2007 4:48am Nov 2, 2007 4:48am
Quoting Qu|cksilver
I think NFP will drag the price down later maybe to 2.0790 area... but overall still bullish after NFP.

Just my tought.
...Qulcksilver you from Brunei? i heard gas/diesel is free there,is that true? if you pay how much for the gallon
  • #38,333
  • Nov 2, 2007 4:51am Nov 2, 2007 4:51am
Quoting 30pips
...look like NFP has leaked!
09:28 GBP/USD: Buoyed by Talk of September NFP Downward Revision London, November 2.

Speculation that September"s 110k US Non-Farm Payroll number may be revised down at 12:30GMT today is being touted as a factor in cable"s latest up- leg to an intra-day high of 2.0861. Sell interest is tipped at 2.0870/75, with further offers expected ahead of 2.0900 (an exotic option barrier level).
2.0875 was yesterday"s new 26-year peak, scaled on the back of a large GBP/JPY buy order from a UK name. [email protected]
To laugh, to learn, and to teach!
  • #38,334
  • Nov 2, 2007 4:53am Nov 2, 2007 4:53am
Quoting Qu|cksilver
I have no idea
I'm not good in economics.
Like if the guys who forecast NFP were!!! cīmon....

Not even the guys who release the figure are. Not unusual we have a 30% revision here... "Oooppss, we forgot to compute those 30K jobs last month"...

NFP is a joke.

I don't rule out 20K or 200K today.
  • #38,335
  • Nov 2, 2007 4:55am Nov 2, 2007 4:55am
Quoting 30pips
...Qulcksilver you from Brunei? i heard gas/diesel is free there,is that true? if you pay how much for the gallon
For housing/office gas all free... only have to pay for our car fuel (i'm not sure about the price but very cheap) also no tax here in Brunei.

"Invest With The Insiders, Not The Masses" George Muzea
  • #38,336
  • Nov 2, 2007 5:00am Nov 2, 2007 5:00am
Quoting cesarnc
Like if the guys who forecast NFP were!!! cīmon....

Not even the guys who release the figure are. Not unusual we have a 30% revision here... "Oooppss, we forgot to compute those 30K jobs last month"...

NFP is a joke.

I don't rule out 20K or 200K today.
Agreed! Nobody can forecast the news esp. NFP even President Bush don't know the actual figure! Also technical analysis always been hack and cracks by NFP. True rite?
"Invest With The Insiders, Not The Masses" George Muzea
  • #38,337
  • Nov 2, 2007 5:01am Nov 2, 2007 5:01am
Quoting Qu|cksilver
For housing/office gas all free... only have to pay for our car fuel (i'm not sure about the price but very cheap) also no tax here in Brunei.


...cheap/free gas + NO TAX = Heaven
  • #38,338
  • Nov 2, 2007 5:05am Nov 2, 2007 5:05am
-Intermission-

If.... (as in "If..xyz...you might be a redneck)

If your name contains "Trend" and you go and short GBPUSD...you might be in the cable update thread.

If you think it just can't go any higher...you might be in the cable update thread.

If you like to buy peaks and sell lows...you might be in the cable update thread.

If you look for gartley patterns using automated indicators...you might be in the cable update thread.

If you have so much stuff on your chart you can't even see price anymore....you might be in the cable update thread. ;p

If you trade short/long/short/short/long/long within a single day....you might be in the cable update thread.

If you have posted more "funny pictures" than technical charts...you might be in the cable update thread.

If...

If...

Anyone wanna contribute more ideas? =)

I'm sorry if I'm being mean, but it's just soooooooooooooooooooo tempting when people supply the material for comedy day in, day out
Trust price. Know yourself.
  • #38,339
  • Nov 2, 2007 5:08am Nov 2, 2007 5:08am
the witch hunt continues i see, looking for any and all buyers? begs the queation why dont u think. Wonder how many more tons they still need to unload before they stop this support
"Millionaires don't use astrology, billionaires do"
  • #38,340
  • Nov 2, 2007 5:10am Nov 2, 2007 5:10am
Cable needs to set a new high today before the big fall next week.
Trade what you see, not what you think.
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