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Cable Update (GBPUSD)

  • #5,181
  • Jan 5, 2007 8:05am Jan 5, 2007 8:05am
Quoting cesarnc
Just saw it man, sorry... Not paying attention to the PMs :
I'm not sorry mate, you just missed a golden opprotunity. I'm dissappointed for you. But there's always a new opp right around the corner.
  • #5,182
  • Jan 5, 2007 8:06am Jan 5, 2007 8:06am
FYI, I took EUR long at 1.3, *big* pysch level that is revisited for 1st time.. shorted cable to 9300, now long with pretty tight stop.. next support i see at 9180, have a buy order sitting there but i'm thinking retrace...
  • #5,183
  • Jan 5, 2007 8:08am Jan 5, 2007 8:08am
Quoting Pickensrulz
I'm not sorry mate, you just missed a golden opprotunity. I'm dissappointed for you. But there's always a new opp right around the corner.
Care to share w/ the rest of us
Man who scratches ass should not bite fingernails
  • #5,184
  • Jan 5, 2007 8:12am Jan 5, 2007 8:12am
Quoting Pickensrulz
I'm not sorry mate, you just missed a golden opprotunity. I'm dissappointed for you. But there's always a new opp right around the corner.
I'm disappointed for me too on this one... but whatta hell, this NFP sucked my attention here...

I'll catch up on next week...

Anyhow, thaks A LOT for your message... really appreciated your kind attention...

Next time in Brazil, beer's on me
  • #5,185
  • Jan 5, 2007 8:16am Jan 5, 2007 8:16am
Quoting Leugimp
Care to share w/ the rest of us
I am flerting with USDJPY and asked Pickens a few questions on it...
  • #5,186
  • Jan 5, 2007 8:19am Jan 5, 2007 8:19am
Quoting Leugimp
Care to share w/ the rest of us
Well the one I passed on to Cesar was regarding yen movements. The timing of the movements last night made me look like a genius. As the yen continues to strengthen it'll put pressure on high yielding currencies, aussie and kiwi, to weaken. It was beautiful last night.

As for the rest of today, I believe the gbp is going to spike lower.

Next week is a new animal and we'll deal with it then.....

good trades!
  • #5,187
  • Jan 5, 2007 8:32am Jan 5, 2007 8:32am
cable may continue/spike to 50fib and support around 9180 (not sure about today though), eqiv eur level is around 2925.. i'm long eur already, will add a little more there. market has been sitting absorbing the buyers at 1.3/93 which is taking a while but not bouncing..
  • #5,188
  • Jan 5, 2007 8:34am Jan 5, 2007 8:34am
Am I missing something here?

After NFP, market has gone flatline on the eur and gbp as if the NFP gave them a heart attack. Normally there is movementl, but now all has gone quiescent. What are we waiting on? Or is everybody going home early?

GF
  • #5,189
  • Jan 5, 2007 8:38am Jan 5, 2007 8:38am
Quoting mrSmoothy
cable may continue/spike to 50fib and support around 9180 (not sure about today though), eqiv eur level is around 2925.. i'm long eur already, will add a little more there. market has been sitting absorbing the buyers at 1.3/93 which is taking a while but not bouncing..
Why cable short / EUR long?
  • #5,190
  • Jan 5, 2007 8:44am Jan 5, 2007 8:44am
i think they both should continue down a bit more or spike once the level breaks. cable moves more than euro and its further down to the 50fib.. we may bounce the underside of 9335 and head down? yes there may be pips to be made on the downside today still but i'm setting up for longs now.. i had a pending buy order for eur at 2990 for a long time now (even though i trade mostly gbp these days) for revisit of 2980 breakout, decided to slide it up to 1.3 and get in ahead of the crowd..

the reason for the hold up in the market is that these are big levels and lot of buyers to absorb before continuing lower.. with the big whipsaws, reversals, and already big move above us, probably reluctant sellers as well..
  • #5,191
  • Jan 5, 2007 9:17am Jan 5, 2007 9:17am
Where are you guys at?

I'm short at 9305, not looking so good...
  • #5,192
  • Jan 5, 2007 9:21am Jan 5, 2007 9:21am
I am sitting right next to you ! Not looking so good from here is it?
  • #5,193
  • Jan 5, 2007 9:31am Jan 5, 2007 9:31am
still at 1mio profit for today, dont ask me how...
its just money
  • #5,194
  • Jan 5, 2007 9:37am Jan 5, 2007 9:37am
Quoting Leugimp
Alright fellas, I got my one tiny lot on, lets see how reliable ADP is.
ouch lol
Ghost Swoopen in for my pips while no one is lookin !!
  • #5,195
  • Jan 5, 2007 9:43am Jan 5, 2007 9:43am
Quoting dawnrenee2000
I am sitting right next to you ! Not looking so good from here is it?
Let's see... retracement wasn't convincent so far... less-than-15min charts still diverging from each other - but are aligning down very slowly...

I just don't know how strong a possible push down may be, so I'm keeping low TP....
  • #5,196
  • Jan 5, 2007 9:44am Jan 5, 2007 9:44am
Quoting Pickensrulz
Well the one I passed on to Cesar was regarding yen movements. The timing of the movements last night made me look like a genius. As the yen continues to strengthen it'll put pressure on high yielding currencies, aussie and kiwi, to weaken. It was beautiful last night.

As for the rest of today, I believe the gbp is going to spike lower.

Next week is a new animal and we'll deal with it then.....

good trades!
I am trying to learn more about the correlation between the pairs.Could you therefore please explain to me your rationale? Thanks
  • #5,197
  • Jan 5, 2007 9:46am Jan 5, 2007 9:46am
I've been short since 1.9636 on jan 2nd. have 328 PIPS right now... I expect it to go even lower, but a break above 1.94 will take me on the long side most likely
  • #5,198
  • Jan 5, 2007 9:50am Jan 5, 2007 9:50am
short at 1.9313
its trying to break S1 1.9298
lets see if it breaks M1 1.9267
Use a system that works for YOU
  • #5,199
  • Jan 5, 2007 9:56am Jan 5, 2007 9:56am
Quoting JAKOBEN
I am trying to learn more about the correlation between the pairs.Could you therefore please explain to me your rationale? Thanks
It's a bit complicated and I'm not sure what basis of knowledge about the market you have....

Do you know what a "carry trade" is?
  • #5,200
  • Jan 5, 2007 9:59am Jan 5, 2007 9:59am
if it breaks 1.9267 next is S2 = 1.9236
well see.........
Use a system that works for YOU
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