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Cable Update (GBPUSD)

  • #42,681
  • Dec 3, 2007 8:24am Dec 3, 2007 8:24am
im not in a trade, there is no clear signs, but it do look long.
If I Go Broke Trying Then I Will die happy.
  • #42,682
  • Dec 3, 2007 8:26am Dec 3, 2007 8:26am
cable is up eyes on 692 arround!!!!!!!!!!
  • #42,683
  • Dec 3, 2007 8:28am Dec 3, 2007 8:28am
Quoting fxbroker
My friend there is no signal here.
Traders are just waiting to see what
the news will bring to both sides.

Seller have wedge or protected their profit above
2.0650

and buyers have wedged or protected their profit
below 2.0625 , any one or scalpers can lose
their shirts in between this space.

Just buy from 2.0625 and exit at 2.0650,
the problem is that your order may not be filled due to
wide spread, and anxiety and panic buy and sell.

Those who are quick at making 10 pips can make
it as many times from both sides before the news.
I called it silence before storm.
  • #42,684
  • Dec 3, 2007 8:30am Dec 3, 2007 8:30am
I think we must get SHORT positions 3 minutes before NEWS out.
  • #42,685
  • Dec 3, 2007 8:30am Dec 3, 2007 8:30am
Quoting Designer1
cable is up eyes on 692 arround!!!!!!!!!!
thats what im thinking, but jumping on a long train for me now is to small of a profit, i shoot for 100+pip took the short train down made some pips there, it would been nice if i jump on that long train in the 500's, to late now
If I Go Broke Trying Then I Will die happy.
  • #42,686
  • Dec 3, 2007 8:31am Dec 3, 2007 8:31am
That last long signal looks good .But no enteryng
  • #42,687
  • Dec 3, 2007 8:33am Dec 3, 2007 8:33am
if you realy don't have a clear signal, i suggest you stay out till you can get a clear signal, staying out should be apart of your trading system
If I Go Broke Trying Then I Will die happy.
  • #42,688
  • Dec 3, 2007 8:34am Dec 3, 2007 8:34am
im free!
Attached Image (click to enlarge)
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  • #42,689
  • Dec 3, 2007 8:37am Dec 3, 2007 8:37am
GBP/USD: Talk of Pre-Year UK Corporate Repatriation Flow London, December 3. There is conjecture that UK corporates may have some GBP to buy before the year is out. The corporate flow talk follows reports that some of today"s London morning GBP/USD rise from 2.0524 to 2.0655 was attributable to UK financial institutions repatriating funds.
Sterling racked up strong gains on the first trading day of December last year, notching then 14-year highs just shy of 1.9850. Cable also performed strongly in December 2004, notching a then 12-year high of 1.9550 mid-month.
2.1162 was last month"s 26-year top (Nov 9). The retreat from 2.1162 (to a low of 2.0352 on November 16) accompanied massive unwinding of JPY-funded carry trades, which hurt the high-yielding pound.
November"s US ISM manufacturing index will be disclosed at 15:00GMT. The headline index is forecast at 50.5, from 50.9 in October. The prices paid index is forecast at 65.8, from 63.0 previously.
  • #42,690
  • Dec 3, 2007 8:38am Dec 3, 2007 8:38am
Hmm...looks like this now : NEWs out then cable shooting down ~30 points ~hour later keeps going up there can get good long position then .
Must wach.
  • #42,691
  • Dec 3, 2007 8:39am Dec 3, 2007 8:39am
i stay out
  • #42,692
  • Dec 3, 2007 8:42am Dec 3, 2007 8:42am
USD/JPY: Sharp Fall in US Bond Yields Keeps Pressure on USD/JPY San Francisco, December 3rd. US bond yields are down sharply this morning, continuing to follow-through on early weakness with the US ten-yr bond yield falling sharply from 3.94% at the open to current lows of 3.88%. Weighing on bond yields is a report noted by our colleagues in the credit market that new reports are circulating from Credit Suisse suggesting that Merrill Lynch may have to write down an additional USD9bn in the value of its CDO holdings. Deutsche Bank chimed in as well, lowering its estimates and target share value on MER, citing Merrill's larger mortgage exposure than its peers.
USD/JPY bids are at 110.00 but risk remains for a move lower with downbeat comments from BOJ Fukui last night on the US outlook also seen adding to the pressure on USD/JPY as well. A break below 110.00 targets 109.50.
  • #42,693
  • Dec 3, 2007 8:43am Dec 3, 2007 8:43am
FX OPTIONS: GBP/USD Large 2.0650 Expiry Thursday, post-MPC London, December 3. An estimated quarter-yard 2.0650 strike rolls off at Thursday"s NY option strike (post-BoE MPC base rate verdict).
  • #42,694
  • Dec 3, 2007 8:45am Dec 3, 2007 8:45am
This is Forex nothing not solid .
Trend changes every second,munut and hour!
You must follow just trend becos trend is our friend.
  • #42,695
  • Dec 3, 2007 9:08am Dec 3, 2007 9:08am
Any lucky guys who shorted 2.0660?
  • #42,696
  • Dec 3, 2007 9:12am Dec 3, 2007 9:12am
  • #42,697
  • Dec 3, 2007 9:13am Dec 3, 2007 9:13am
Quoting FXdaily
Any lucky guys who shorted 2.0660?
Trading by luck, or blindly or when drunk are
the same thing. You maybe lucky one or two
times but one serious injury could b demoralizing.

Better understand the market than trade by luck
  • #42,698
  • Dec 3, 2007 9:18am Dec 3, 2007 9:18am
Quoting fxbroker
Trading by luck, or blindly or when drunk are
the same thing. You maybe lucky one or two
times but one serious injury could b demoralizing.

Better understand the market than trade by luck
Absolutley right ,actually i taka aim at any person who gets 100% signal 2.0660 short cable.
  • #42,699
  • Dec 3, 2007 9:19am Dec 3, 2007 9:19am
Quoting FXdaily
Any lucky guys who shorted 2.0660?
Been short since 2.1085, patience, lots of it needed to trade on longer TF's, part luck, was at the right place, right time, otherwise, patience.
Humble Lifetime Member
  • #42,700
  • Dec 3, 2007 9:24am Dec 3, 2007 9:24am
Quoting Ash
Been short since 2.1085, patience, lots of it needed to trade on longer TF's, part luck, was at the right place, right time, otherwise, patience.

Wooohaaaa....good position !
I love medium trading .
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