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Cable Update (GBPUSD)

  • #66,921
  • May 21, 2008 8:02am May 21, 2008 8:02am
Quoting Moe
i need a hit, be back later
i need a freaking beating
i dont belong in this job
its too damn depressing
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,922
  • May 21, 2008 8:04am May 21, 2008 8:04am
Moe, u certainly provide amusement on an otherwise very boring cable trading day.
  • #66,923
  • May 21, 2008 8:05am May 21, 2008 8:05am
Quoting salah k.
wat is the reason for this sudden dollar weakness across the board
commodities are flying

is there any news that came out now?
crude oil invertories figs came in miles lowe rthan expected ahead of start of US driving season, a long trade at $130 would of have made u the fastest 200+ pips in history!!! - reason for dollar weakness against euro, not sterling thou
Trading is 80% Emotional, 20% Technical
  • #66,924
  • May 21, 2008 8:08am May 21, 2008 8:08am
Quoting DJ4x
Moe, u certainly provide amusement on an otherwise very boring cable trading day.
i try
If I Go Broke Trying Then I Will die happy.
  • #66,925
  • May 21, 2008 8:10am May 21, 2008 8:10am
Quoting fx local
crude oil invertories figs came in miles lowe rthan expected ahead of start of US driving season, a long trade at $130 would of have made u the fastest 200+ pips in history!!! - reason for dollar weakness against euro, not sterling thou
so true
If I Go Broke Trying Then I Will die happy.
  • #66,926
  • May 21, 2008 8:11am May 21, 2008 8:11am
Quoting fx local
crude oil invertories figs came in miles lowe rthan expected ahead of start of US driving season, a long trade at $130 would of have made u the fastest 200+ pips in history!!! - reason for dollar weakness against euro, not sterling thou
thnx bro i just noticed

i dont understand how inventories can be that low
but anyway its all good

cable doesnt seem to have the momentum to go long
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,927
  • May 21, 2008 8:12am May 21, 2008 8:12am
Quoting Moe
not you too, i thought you was one of the better traders in the thread?
I'm okay, I just haven't got a set and forget system, but I've got a damn good intraday system.

Sadly, no time to actually trade recently, hopefully get back on it mid next week
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #66,928
  • May 21, 2008 8:12am May 21, 2008 8:12am
Quoting Moe
i need a hit, be back later
hey hey hey, smoke W**D EVERYDAY!!!

  • #66,929
  • May 21, 2008 8:13am May 21, 2008 8:13am
Quoting salah k.
thnx bro i just noticed

i dont understand how inventories can be that low
but anyway its all good

cable doesnt seem to have the momentum to go long
check out euro sterling chart, uwill soon realise why
Trading is 80% Emotional, 20% Technical
  • #66,930
  • May 21, 2008 8:14am May 21, 2008 8:14am
Quoting AmeriTrini
hey hey hey, smoke W**D EVERYDAY!!!

dont like the stuff, gives me the munchies!
Trading is 80% Emotional, 20% Technical
  • #66,931
  • May 21, 2008 8:14am May 21, 2008 8:14am
Quoting fx local
dont like the stuff, gives me the munchies!
since when there was something wrong with eating??

  • #66,932
  • May 21, 2008 8:18am May 21, 2008 8:18am
Quoting salah k.
i need a freaking beating
i dont belong in this job
its too damn depressing
witch one you want to talk to or
If I Go Broke Trying Then I Will die happy.
  • #66,933
  • May 21, 2008 8:20am May 21, 2008 8:20am
Quoting salah k.
wat is the reason for this sudden dollar weakness across the board
commodities are flying

is there any news that came out now?
The first reason which I think DJIA getting hardly dropped up to -100 points plus crude oil inventory data is worse than expected.

I am brain storming the previous FOMC day. Last time before 2:00 pm DJIA was already high and the price was at the high as well. When the news came out the DJIA getting dropped and the price action was taken place to the downward direction.

Another reason to believe which I always oberve as I used to trade only on London news. Whenever good news is going to come out, there is always I repeat always the rate would be declining and declining and when news came out good it started picking up high up to at least 100/120 pips.

Based on my above philosophy, I am afraid for those traders which are in shorts right now because the current situation is DJIA is already in negative and the rate is already decling and declining up to 1.9611 which could be the best sign of retracement towards upward direction to atleast 1.9750'ssssssssssss

I am not trading right now because I hate FOMC day but I observed the FOMC day two or three times and whatever I wrote above based on my observation of FOMC day against NW Stock excange and Currency market.

I prey to all those who are in Short because the weather of trading for today could be hotest.

Alqaz Syed.
  • #66,934
  • May 21, 2008 8:21am May 21, 2008 8:21am
Quoting fx local
dont like the stuff, gives me the munchies!
so thats why im 500 pounds.
If I Go Broke Trying Then I Will die happy.
  • #66,935
  • May 21, 2008 8:24am May 21, 2008 8:24am
Quoting asyed4
The first reason which I think DJIA getting hardly dropped up to -100 points plus crude oil inventory data is worse than expected.

I am brain storming the previous FOMC day. Last time before 2:00 pm DJIA was already high and the price was at the high as well. When the news came out the DJIA getting dropped and the price action was taken place to the downward direction.

Another reason to believe which I always oberve as I used to trade only on London news. Whenever good news is going to come out, there is always I repeat always the rate would be declining and declining and when news came out good it started picking up high up to at least 100/120 pips.

Based on my above philosophy, I am afraid for those traders which are in shorts right now because the current situation is DJIA is already in negative and the rate is already decling and declining up to 1.9611 which could be the best sign of retracement towards upward direction to atleast 1.9750'ssssssssssss

I am not trading right now because I hate FOMC day but I observed the FOMC day two or three times and whatever I wrote above based on my observation of FOMC day against NW Stock excange and Currency market.

I prey to all those who are in Short because the weather of trading for today could be hotest.

Alqaz Syed.
i think FOMC minutes potential non event, dont remember last time they moved markets, if they were gonna indicate no more cuts they would of already have in meeting statement, prob some hawkish talk from some officials nothing massively market moving....
Trading is 80% Emotional, 20% Technical
  • #66,936
  • May 21, 2008 8:25am May 21, 2008 8:25am
Quoting Moe
witch one you want to talk to or
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #66,937
  • May 21, 2008 8:26am May 21, 2008 8:26am
Quoting asyed4
The first reason which I think DJIA getting hardly dropped up to -100 points plus crude oil inventory data is worse than expected.

I am brain storming the previous FOMC day. Last time before 2:00 pm DJIA was already high and the price was at the high as well. When the news came out the DJIA getting dropped and the price action was taken place to the downward direction.

Another reason to believe which I always oberve as I used to trade only on London news. Whenever good news is going to come out, there is always I repeat always the rate would be declining and declining and when news came out good it started picking up high up to at least 100/120 pips.

Based on my above philosophy, I am afraid for those traders which are in shorts right now because the current situation is DJIA is already in negative and the rate is already decling and declining up to 1.9611 which could be the best sign of retracement towards upward direction to atleast 1.9750'ssssssssssss

I am not trading right now because I hate FOMC day but I observed the FOMC day two or three times and whatever I wrote above based on my observation of FOMC day against NW Stock excange and Currency market.

I prey to all those who are in Short because the weather of trading for today could be hotest.

Alqaz Syed.
It go could either way actually.

I'm still confident with shorts.
  • #66,938
  • May 21, 2008 8:26am May 21, 2008 8:26am
Quoting Moe
so thats why im 500 pounds.
Trading is 80% Emotional, 20% Technical
  • #66,939
  • May 21, 2008 8:28am May 21, 2008 8:28am
Quoting fx local
... stop making fun of me
If I Go Broke Trying Then I Will die happy.
  • #66,940
  • May 21, 2008 8:32am May 21, 2008 8:32am
what a boring ass day to be trading, no action at all, oh shit it's going up
If I Go Broke Trying Then I Will die happy.
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