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Cable Update (GBPUSD)

  • #54,981
  • Feb 20, 2008 7:16am Feb 20, 2008 7:16am
Happy weekend… see you on Monday
  • #54,982
  • Feb 20, 2008 7:18am Feb 20, 2008 7:18am
its only Wednesday mate! lol
  • #54,983
  • Feb 20, 2008 7:18am Feb 20, 2008 7:18am
Quoting bullrock
Until then I just say "I know where is the bottom of my wife".
That was i call Double Bottom

Long Gu Long
I Deeply Love My Virtual Life In Virtual World , RLC
  • #54,984
  • Feb 20, 2008 7:24am Feb 20, 2008 7:24am
Quoting Genics
its only Wednesday mate! lol
He is a muslim and friday is the holiday for him
  • #54,985
  • Feb 20, 2008 7:27am Feb 20, 2008 7:27am
Quoting 4x_Trader
How are you doin' cable guys? Just passing by... I heard you're calling my name TJ well M still holding my short position @ 1.9530 targeting 1.9405/04 (Feb. 08 and Feb 11 lows respectively) sl adjusted to break-even @ 1.9530. Let's see how it goes.....


Just an info and not a reco! Bye 4 now peeps!
Done....and done square off my pos awhile ago @ 1.9425 for a total of 105 pips whew what a trade it was!
  • #54,986
  • Feb 20, 2008 7:28am Feb 20, 2008 7:28am
Quoting tetis
He is a muslim and friday is the holiday for him

Not that all, it’s only Friday the day off here. But it’s my rolls to stay away on the week end from trading that’s all…
Thursday & Friday.. market move in crazy direction no need to loss my money that I make in the beginning of the week
  • #54,987
  • Feb 20, 2008 7:28am Feb 20, 2008 7:28am
sell the rumour - buy the news

2 minutes to go


what a hoot
  • #54,988
  • Feb 20, 2008 7:43am Feb 20, 2008 7:43am
Quoting allserene
sell the rumour - buy the news

2 minutes to go


what a hoot
I have flipped a coin.....

.....and sold with target 1.9400. Done. I can go home now coz I have shorted a large pack of contracts.

.
  • #54,989
  • Feb 20, 2008 7:44am Feb 20, 2008 7:44am
Quoting bullrock
I have flipped a coin.....

.....and sold with target 1.9400. Done. I can go home now coz I have shorted a large pack of contracts.

The quickest and largest money I have ever made...
.
  • #54,990
  • Feb 20, 2008 7:52am Feb 20, 2008 7:52am
As expected CABLE held fairly soft ahead of the BOE minutes and the release proved the catalyst for tripping the initial downside pivot at 1.9450. Stops are next in place through 1.9400, although a Swiss bank and a Far East name are buyers ahead, while the next real bear target comes at 1.9334, the year's low so far. However, despite the Pound being a clear broad underperformer on the current decoupling broader market driver, it could be argued there is very little in the minutes to suggest a pick up in momentum in Gbp's downside is warranted. Only Blanchflower voted for a 50 basis points move and perhaps it would be a mistake to pay too much attention to a lone voice.

cable target 1.9334 this years low Jan 22
GBP/JPY target 207.80 (Feb 12 low)

just an info and not a reco! Let's see how it goes!
  • #54,991
  • Feb 20, 2008 7:59am Feb 20, 2008 7:59am
Quoting 4x_Trader
As expected CABLE held fairly soft ahead of the BOE minutes and the release proved the catalyst for tripping the initial downside pivot at 1.9450. Stops are next in place through 1.9400, although a Swiss bank and a Far East name are buyers ahead, while the next real bear target comes at 1.9334, the year's low so far. However, despite the Pound being a clear broad underperformer on the current decoupling broader market driver, it could be argued there is very little in the minutes to suggest a pick up in momentum in Gbp's downside is warranted. Only Blanchflower voted for a 50 basis points move and perhaps it would be a mistake to pay too much attention to a lone voice.

cable target 1.9334 this years low Jan 22
GBP/JPY target 207.80 (Feb 12 low)

just an info and not a reco! Let's see how it goes!
You should have posted this earlier so I make twice as much.... Damn.
.
  • #54,992
  • Feb 20, 2008 8:02am Feb 20, 2008 8:02am
Quoting bullrock
The quickest and largest money I have ever made...
Good call trading through the news...

The rule right now is -
bad US news - sell the GBP
good US news - sell the GBP

I will try a small long from about here as soon as it settles and then perks up
  • #54,993
  • Feb 20, 2008 8:02am Feb 20, 2008 8:02am
Quoting bullrock
You should have posted this earlier so I make twice as much.... Damn.
Just passing by bro! Coz I have impt matters to attend to....Happy trading bullrock!
  • #54,994
  • Feb 20, 2008 8:06am Feb 20, 2008 8:06am
Quoting allserene
Good call trading through the news...

The rule right now is -
bad US news - sell the GBP
good US news - sell the GBP

I will try a small long from about here as soon as it settles and then perks up
Gotcha... And these rules valid until further notice. Variations.

bad US news - buy the GBP
bad US news - sell the GBP
bad US news - huge spike (bear/bull trap) just to continue in the reverse.

Basically like my wife. You never know the reactio. My guess was today due to the negative mass psychology regarding the GU the whole day today and yesterday....

Are rou okay All. Hope you are well.
.
  • #54,995
  • Feb 20, 2008 8:08am Feb 20, 2008 8:08am
In a few hours we will have an FOMC meeting. Further surprises? GU tanks or lifts?
.
  • #54,996
  • Feb 20, 2008 8:23am Feb 20, 2008 8:23am
Quoting bullrock
Gotcha... And these rules valid until further notice. Variations.

bad US news - buy the GBP
bad US news - sell the GBP
bad US news - huge spike (bear/bull trap) just to continue in the reverse.

Basically like my wife. You never know the reactio. My guess was today due to the negative mass psychology regarding the GU the whole day today and yesterday....

Are rou okay All. Hope you are well.
Yes cable is a woman

example: ME: 'Your hair looks nice today dear'

HER: 'Didn't it look nice yesterday ? you are so critical '

Having a great time - off to Atlanta to get my Green card from my pal's house this weekend then back to UK week after to pick up my house sale proceeds - then going to put it all on GBP and make a fortune and then spend it on a submarine (leer jets are so 90's)

Barak Hussein Obama will win and the capitalists will export their capital and China will go into a huff at isolationism and the dollar will collapse..

I will be riding my motorbike in Florida and barbecuing sea trout so stuff em all !

Come back 1.98 all is forgiven
  • #54,997
  • Feb 20, 2008 8:38am Feb 20, 2008 8:38am
i have actually been ravaged today in cable..
  • #54,998
  • Edited 9:11am Feb 20, 2008 8:42am | Edited 9:11am
Quoting bullrock
In a few hours we will have an FOMC meeting. Further surprises? GU tanks or lifts?
Good data news for USD, so what the FOMC is thinking?
Well probbably there is no need to another rate cut. The Dow get mad and bann, then it goes down, down it goes. Then JPY push down the crosses, GU will see more sells as well EU and life goes on. IF the rate cut is real, then time to buy and enjoy life as well. No stress, Bacardi time to relax our life.

Wow, as a technical trader I can't belive I just said all this, oh well, everybody have something of crazyness time to time. Today is my time. LOL.

Take care, I'm glad u r doing ok.
  • #54,999
  • Feb 20, 2008 8:44am Feb 20, 2008 8:44am
Quoting allserene
Good call trading through the news...

The rule right now is -
bad US news - sell the GBP
good US news - sell the GBP

I will try a small long from about here as soon as it settles and then perks up
when i see such a drop,..i first press few buy then look whats going on...

i think time has come...it just has to retrace for 50...
its just money
  • #55,000
  • Feb 20, 2008 8:57am Feb 20, 2008 8:57am
Quoting de123
when i see such a drop,..i first press few buy then look whats going on...

i think time has come...it just has to retrace for 50...
yes you are right and it did

I suppose it will just hang around now until the minutes come out

and then we will see why bernancake panicked with the big cut

If it shows big trouble in the US then GBP goes down
If it shows that the expected stimulus will save the US then GBP goes down

I dont believe any of this news has any effect at all - when the big boys want to move a currency they just wait for any excuse - no matter how implausible - and then justify it with non-sensical statements about why

They would cut 100 pips on news that Hillary's stockings were the wrong colour

1.82 here we come -
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