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Cable Update (GBPUSD)

  • #38,921
  • Nov 7, 2007 8:07am Nov 7, 2007 8:07am
Quoting Qu|cksilver
i'm still with my short

Thats good, I didnt have the guts to hold mine....closed it at +54pips profit....I went short again @21055 and I am hoping for 21000 profit area.

Thoughts...?
  • #38,922
  • Nov 7, 2007 8:10am Nov 7, 2007 8:10am
Quoting hellkkas
When you short? I mean at value?
i took another short at 2.1047
"Invest With The Insiders, Not The Masses" George Muzea
  • #38,923
  • Nov 7, 2007 8:13am Nov 7, 2007 8:13am
Ok guys.. already set my SL and TP
I'm going to bed now..

*YAWN*
"Invest With The Insiders, Not The Masses" George Muzea
  • #38,924
  • Nov 7, 2007 8:17am Nov 7, 2007 8:17am
Quoting Qu|cksilver
i took another short at 2.1047

I have just take 2/3 off my short at +17pips...the 1/3 can stay on for abit.....I am not seeing a good price movement so far.

Are you changing your position in anyway?

I think the market will find small support at 21035 +-5........lets see
  • #38,925
  • Nov 7, 2007 8:20am Nov 7, 2007 8:20am
meanwhile..................
Attached Image (click to enlarge)
Click to Enlarge Name: CA.jpg Size: 386 KB
For he that would be deceived, let him.
  • #38,926
  • Nov 7, 2007 8:23am Nov 7, 2007 8:23am
...any short is like commiting suicide,may be if ur a scalper
  • #38,927
  • Nov 7, 2007 8:36am Nov 7, 2007 8:36am
Quoting pinchapip
meanwhile..................
LOL.. i didnt know that Giselle Bunchen is against greenback also.. :
  • #38,928
  • Nov 7, 2007 8:38am Nov 7, 2007 8:38am
Quoting dd33
LOL.. i didnt know that Giselle Bunchen is against greenback also.. :
"Nov. 5 (Bloomberg) -- Gisele Bundchen wants to remain the world's richest model and is insisting that she be paid in almost any currency but the U.S. dollar."
For he that would be deceived, let him.
  • #38,929
  • Nov 7, 2007 9:09am Nov 7, 2007 9:09am
hey guys... comparitivley speaking is oil inventories a bigger announcement for the usd then non farm employment? cheers
  • #38,930
  • Nov 7, 2007 9:52am Nov 7, 2007 9:52am
Bernanke swallowed and burped, everybody wants a piece of Trichet for desert

Euro at $1.50 Next?Market participants will look for comment on exchange rates from European Central Bank Jean-Claude Trichet at his post-interest rate meeting news conference on Thursday.

"Failure from Trichet to show any displeasure with the euro/dollar rally at tomorrow's press conference would most likely be the trigger for a move to $1.50," ING said in a research note.

European Central Bank policymakers have been relaxed about the euro's steep rise against the dollar -- in public at least -- but its move towards $1.50 is raising the prospect that it might intervene.
  • #38,931
  • Nov 7, 2007 9:55am Nov 7, 2007 9:55am
cesar,

Told you we'd get to 113.50 for a short
Patience + Humility + Study = Success
  • #38,932
  • Nov 7, 2007 9:56am Nov 7, 2007 9:56am
Quoting cesarnc
Bernanke swallowed and burped, everybody wants a piece of Trichet for desert

Euro at $1.50 Next?Market participants will look for comment on exchange rates from European Central Bank Jean-Claude Trichet at his post-interest rate meeting news conference on Thursday.

"Failure from Trichet to show any displeasure with the euro/dollar rally at tomorrow's press conference would most likely be the trigger for a move to $1.50," ING said in a research note.

European Central Bank policymakers have been relaxed about the euro's steep rise against the dollar -- in public at least -- but its move towards $1.50 is raising the prospect that it might intervene.
and.. euro starts to slide.. man.. these people are great.. one word out of their mouth.. and the currency move..

Reminds me of the Greenspan's era.. One cough of the old man.. and dolar fluctuates like crazy.. :
  • #38,933
  • Nov 7, 2007 9:58am Nov 7, 2007 9:58am
Quoting DutchTrader
cesar,

Told you we'd get to 113.50 for a short


Thinking about short the next pass through 113 instead...
  • #38,934
  • Nov 7, 2007 10:01am Nov 7, 2007 10:01am
Quoting dd33
and.. euro starts to slide.. man.. these people are great.. one word out of their mouth.. and the currency move..

Reminds me of the Greenspan's era.. One cough of the old man.. and dolar fluctuates like crazy.. :
For those operating big money (exporters, importers, banks, so forth) pips suck. Euro is now at 3 cents off 1.50. It's going to be traded at least to test ECB's tolerance to pain.
  • #38,935
  • Nov 7, 2007 10:11am Nov 7, 2007 10:11am
Quoting cesarnc
For those operating big money (exporters, importers, banks, so forth) pips suck. Euro is now at 3 cents off 1.50. It's going to be traded at least to test ECB's tolerance to pain.
To me the better trade is Euro/JPY
Patience + Humility + Study = Success
  • #38,936
  • Nov 7, 2007 11:09am Nov 7, 2007 11:09am
BRASILIA (Thomson Financial) - Brazil's Central Bank has acclerated its purchase of US dollars in recent days, taking advantage of the real's strength to build up foreign reserves that now stand at a record 170 bln usd, according to the institution Wednesday.


Over the past week, the bank snapped up 2.7 bln usd, the data showed.

The current exchange rate -- 1.734 reals to the dollar -- is at an all-time high for the Brazilian unit, which has appreciated 23 pct against its US counterpart this year.


The Central Bank's dollar buying spree picked up in October, after nearly two months of little activity.


In February, its foreign reserves passed the 100 bln usd mark. Last year, they stood at 85.5 bln, and the year before that at 53.8 bln.

The acquisition of dollars improves Brazil's solvency abroad and gives it a cushion against international crises, analysts said.


One analyst, Luiz Miguel Santacreu from Austin Rating, said the move will also "help the country reach its goal of becoming investment grade."


He said the Central Bank's transactions were not aimed at influencing the foreign exchange market, because otherwise "it would be buying a lot more" dollars.
"Invest With The Insiders, Not The Masses" George Muzea
  • #38,937
  • Nov 7, 2007 11:27am Nov 7, 2007 11:27am
Quoting Qu|cksilver
BRASILIA (Thomson Financial) - Brazil's Central Bank has acclerated its purchase of US dollars in recent days, taking advantage of the real's strength to build up foreign reserves that now stand at a record 170 bln usd, according to the institution Wednesday.
Heh... some already going to the supermarket.

USDBRL is spiraling down since it cracked 2.0 figure. Some said 1.80 absolute bottom. Now talks are about 1.5. Below that, parity.

As EURBRL is holding well at 2.53/56, it's seen as "generalized dollar dumping, so no problem."
  • #38,938
  • Nov 7, 2007 11:33am Nov 7, 2007 11:33am
Quoting cesarnc
Heh... some already going to the supermarket.

USDBRL is spiraling down since it cracked 2.0 figure. Some said 1.80 absolute bottom. Now talks are about 1.5. Below that, parity.

As EURBRL is holding well at 2.53/56, it's seen as "generalized dollar dumping, so no problem."
Hey Cesar...do you have those pairs at your broker??

Are they very volatile ????
For he that would be deceived, let him.
  • #38,939
  • Nov 7, 2007 11:35am Nov 7, 2007 11:35am
Quoting pinchapip
Hey Cesar...do you have those pairs at your broker??

Are they very volatile ????
No I don't. But it seems real is super volatile. Easy 200 pips up and down during the day. I see this by late news that gives day's open, high/low and close
  • #38,940
  • Nov 7, 2007 11:37am Nov 7, 2007 11:37am
Quoting cesarnc
No I don't. But it seems real is super volatile. Easy 200 pips up and down during the day. I see this by late news that gives day's open, high/low and close
The spread on the REAL is obscene.

Cesar,

1.50!!!
Patience + Humility + Study = Success
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