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Cable Update (GBPUSD)

  • #39,861
  • Nov 16, 2007 7:41am Nov 16, 2007 7:41am
long cable long..
its just money
  • #39,862
  • Nov 16, 2007 7:42am Nov 16, 2007 7:42am
Quoting Qu|cksilver
Don't worry.. you have learn something new today..
Don't give up.
Sure did. Was there any news from US that triggered it?? Anybody know??
  • #39,863
  • Nov 16, 2007 7:43am Nov 16, 2007 7:43am
GBP/USD: Runs into Resistance ahead of 2.0483, Poole Comment London, November 16. Cable has run into resistance ahead of 2.0483 (early Europe intra- day high) after pushing its recovery envelope from a European morning 24-day low of 2.0352. Earlier today, there was talk of good size offers into 2.0500/05. Sell stops below 2.0500 were tripped yesterday, after the disclosure of disappointing UK retail sales data. 2.0504 was yesterday"s NY session high.
News-wise: a headline on Dow Jones reads "Fed"s Poole Cast Doubt on Need for More Rate Cuts". The consensus expectation is that the Fed will cut the US Funds rate by another 25bp to 4.25% next month (Dec 11). The Fed"s Kroszner is imminently slated to speak about the US economic outlook. US September Treasury International Capital data ensues at 14:00GMT. Inflows are forecast at $71.5/75.0bn, versus minus $69.3bn in August
  • #39,864
  • Nov 16, 2007 7:44am Nov 16, 2007 7:44am
Quoting cesarnc
Market is inverting the daily direction now. Cable has all it takes to put a daily pin bar, poiting up for Monday.

I got stopped out in GJ on my strategy. Intraday turnaround is a killer.

F* Friday. I'm calling it a week.
my week was done on wed.
If I Go Broke Trying Then I Will die happy.
  • #39,865
  • Nov 16, 2007 7:50am Nov 16, 2007 7:50am
Just a few half a trillion... Not that bad :

"The impact of the mortgage market crisis could be "dramatic" as leveraged investors may need to scale back lending by up to $2 trillion, Goldman Sachs said."
CNBC
  • #39,866
  • Nov 16, 2007 7:56am Nov 16, 2007 7:56am
Hi all, are u sure China will do that again? I think for Euro im prety sure it'll be up, but cable? whats about weekly candle formation?or it just a temporary panic.any opinion?
Attached Image (click to enlarge)
Click to Enlarge Name: weekly gbpusd.gif Size: 21 KB
  • #39,867
  • Nov 16, 2007 8:04am Nov 16, 2007 8:04am
Quoting M@2t
Hi all, are u sure China will do that again? I think for Euro im prety sure it'll be up, but cable? whats about weekly candle formation?or it just a temporary panic.any opinion?
China dumping Dollar?? By all means do it again but just inform us first.
  • #39,868
  • Nov 16, 2007 8:12am Nov 16, 2007 8:12am
Quoting fxcritic
You are the mean guy.. Sorry jonpoko
If you look into Ewards posts so far, he seems to only comment in a negative way. Just ignore him completely and try to analyze what went wrong. There is nothing shameful about blowing an account as long as it serves the learning process. Keep it up!
  • #39,869
  • Nov 16, 2007 8:13am Nov 16, 2007 8:13am
it's about oct or Nov last year china sell $ 1 trln
  • #39,870
  • Nov 16, 2007 9:03am Nov 16, 2007 9:03am
test
  • #39,871
  • Nov 16, 2007 9:07am Nov 16, 2007 9:07am
Quoting Gnat
If you look into Ewards posts so far, he seems to only comment in a negative way. Just ignore him completely and try to analyze what went wrong. There is nothing shameful about blowing an account as long as it serves the learning process. Keep it up!
Its OK with me. I am still in the game. Thanks for the support.
  • #39,872
  • Nov 16, 2007 9:10am Nov 16, 2007 9:10am
i think it is about time to go LONG CABLE LONG long term.. the daily candlestick is making some indication to reverse the trend. we have to wait for more confirmation though.. i made a couple of pips today and I'm done for the week. Good luck to you guys. Happy weekend ...... cheeeeerzzz
  • #39,873
  • Nov 16, 2007 9:25am Nov 16, 2007 9:25am
triggered another long at 2.0451
"Invest With The Insiders, Not The Masses" George Muzea
  • #39,874
  • Nov 16, 2007 9:31am Nov 16, 2007 9:31am
Quoting Qu|cksilver
triggered another long at 2.0451

Its too risky for me to go long now. Its going down. Maybe I 'll wait for a better entry.
  • #39,875
  • Nov 16, 2007 9:53am Nov 16, 2007 9:53am
Quoting Qu|cksilver
300? no way... price will bouce at 350.
quick, you are brilliant!

Meaning that you have open 2 long position
1. 2.0380
2. 2.0350

= 155pips now???
  • #39,876
  • Nov 16, 2007 9:54am Nov 16, 2007 9:54am
Quoting Qu|cksilver
triggered another long at 2.0451
oh shit.. another long?
good luck.
  • #39,877
  • Nov 16, 2007 9:56am Nov 16, 2007 9:56am
Quoting McDonald
oh shit.. another long?
good luck.
WOW... Soros, then Bernanke now Mr. Mc Donalds!!!!

I like this thread...

Tell me, are you a buy or a sell sir?

Thanks...

P.S. Just kidding in a lousy afternoon...
  • #39,878
  • Nov 16, 2007 9:57am Nov 16, 2007 9:57am
I feeling a fear fed friday here, shorts could go back into play
Just Trade It
  • #39,879
  • Nov 16, 2007 10:00am Nov 16, 2007 10:00am
Quoting cesarnc
WOW... Soros, then Bernanke now Mr. Mc Donalds!!!!

I like this thread...

Tell me, are you a buy or a sell sir?

Thanks...

P.S. Just kidding in a lousy afternoon...
LOL. Stay out.. Friday is very risky for me to trade.
  • #39,880
  • Nov 16, 2007 10:02am Nov 16, 2007 10:02am
true for the end of session but not for early morning euro zone,..been good to me...
its just money
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