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Cable Update (GBPUSD)

  • #68,981
  • Jun 3, 2008 10:08am Jun 3, 2008 10:08am
anybody still carrying longs
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,982
  • Jun 3, 2008 10:10am Jun 3, 2008 10:10am
Quoting salah k.
anybody still carrying longs
I still got my longs. Might add more lower down.
  • #68,983
  • Jun 3, 2008 10:10am Jun 3, 2008 10:10am
i'm short
  • #68,984
  • Jun 3, 2008 10:14am Jun 3, 2008 10:14am
if it brakes through 1.9640, i see another bigger drop
  • #68,985
  • Jun 3, 2008 10:18am Jun 3, 2008 10:18am
Quoting Donyouth4eva
I still got my longs. Might add more lower down.
im thinking of opening new longs but seems that dollar is strong
waiting for a clear sign
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,986
  • Jun 3, 2008 10:19am Jun 3, 2008 10:19am
i will take another long, but in 1.9616 only.
  • #68,987
  • Jun 3, 2008 10:19am Jun 3, 2008 10:19am
Im still long and will hold it all week. Anyone who wants to sell let me know. Ill take it all.
  • #68,988
  • Jun 3, 2008 10:20am Jun 3, 2008 10:20am
i kinda think it might range so im staying out
plus we have a UK number tomorrow :Services PMI

there should be good volatility for that number
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,989
  • Jun 3, 2008 11:34am Jun 3, 2008 11:34am
Quoting steelhead
Im still long and will hold it all week. Anyone who wants to sell let me know. Ill take it all.
SHORT GU SHORT............ I was short since friday..........and will hold for this week........

ehm...... maybe some scalping too..... i mean alittle SHONG GU SHONG....
I Deeply Love My Virtual Life In Virtual World , RLC
  • #68,990
  • Jun 3, 2008 12:17pm Jun 3, 2008 12:17pm
should services pmi tomorrow come in weaker than expected i think we will see 9500
because lets face it dollar got the green light from benny

any comments are appreciated
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,991
  • Jun 3, 2008 12:22pm Jun 3, 2008 12:22pm
nice drop
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,992
  • Jun 3, 2008 12:49pm Jun 3, 2008 12:49pm
Could it be only trendline retest and then go back up??
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  • #68,993
  • Jun 3, 2008 1:40pm Jun 3, 2008 1:40pm
Quoting salah k.
should services pmi tomorrow come in weaker than expected i think we will see 9500
because lets face it dollar got the green light from benny

any comments are appreciated
Well he said interest rates are at the bottom but they are next to nothing now - most americans get zero point peanuts on their savings

If interest rate differentials meant anything, sterling would be 2.50 as I get 6.76% on my sterling deposits

George Sorass was saying interesting things and the US is getting ready to jail everyone for oil speculation and make dubai and london conform to worldwide US laws (they own and legislate the world you know) otherwise traders will be kidnapped and taken to the US for a good beating and 50 years in jail in orange jump suits unless they can prove they were born in texas

At least thats what I heard listening to the congressional meetings this morning on Cspan

Just sold my BP shares as this thing is getting hairy
  • #68,994
  • Jun 3, 2008 1:58pm Jun 3, 2008 1:58pm
Quoting allserene
Well he said interest rates are at the bottom but they are next to nothing now - most americans get zero point peanuts on their savings

If interest rate differentials meant anything, sterling would be 2.50 as I get 6.76% on my sterling deposits

George Sorass was saying interesting things and the US is getting ready to jail everyone for oil speculation and make dubai and london conform to worldwide US laws (they own and legislate the world you know) otherwise traders will be kidnapped and taken to the US for a good beating and 50 years in jail in orange jump suits unless they can prove they were born in texas

At least thats what I heard listening to the congressional meetings this morning on Cspan

Just sold my BP shares as this thing is getting hairy
Trading is 80% Emotional, 20% Technical
  • #68,995
  • Jun 3, 2008 4:27pm Jun 3, 2008 4:27pm
Hoping to see more of a drop come the morning.
  • #68,996
  • Jun 3, 2008 4:43pm Jun 3, 2008 4:43pm
I believe it will go up. Unfortunately, I am short... I can't ignore that there's a Daily Inside Bar glaring at that confluence of support from the descending trendline, the 50% fib from the 4 hour timeframe and the 1.9600 area. The last 4 hour bar of the day was also an inside bar. That one should give better long entry opportunities. Fortunately for me, it'll likely test the 1.9600 level tonight, so I'll get out of my short on the 1-2-3 reversal with a small gain. Then my long will get picked up at 1.9657.


Regards,
C

Quoting magictrader
Could it be only trendline retest and then go back up??
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  • #68,997
  • Jun 3, 2008 4:57pm Jun 3, 2008 4:57pm
Quoting ciscoguy
I believe it will go up. Unfortunately, I am short... I can't ignore that there's a Daily Inside Bar glaring at that confluence of support from the descending trendline, the 50% fib from the 4 hour timeframe and the 1.9600 area. The last 4 hour bar of the day was also an inside bar. That one should give better long entry opportunities. Fortunately for me, it'll likely test the 1.9600 level tonight, so I'll get out of my short on the 1-2-3 reversal with a small gain. Then my long will get picked up at 1.9657.


Regards,
C
dont 4 get fundamentals people
first off we have services pmi
then bernanke is talking
and he looks determined to give dollar what he took from it

so beware these times will determine the long term trend for cable and nobody wants to get caught fighting against a trend

all the best
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #68,998
  • Jun 3, 2008 5:05pm Jun 3, 2008 5:05pm
long 9618 the 9600 level to strong
  • #68,999
  • Jun 3, 2008 5:33pm Jun 3, 2008 5:33pm
Yanni smart guy. 1.9600 area is good I have had that trade on since yesterday. will buy more as well
  • #69,000
  • Jun 3, 2008 8:27pm Jun 3, 2008 8:27pm
Quoting salah k.
dont 4 get fundamentals people
first off we have services pmi
then bernanke is talking
and he looks determined to give dollar what he took from it

so beware these times will determine the long term trend for cable and nobody wants to get caught fighting against a trend

all the best
One thing we need to keep in mind that Consumer Confidence Index news came out green plus PMI's expectation towards green but first of all if you are short term trader then you don't even have to wait for 4:30 am news because the real work will be done specifically between 2:00 am - 3:20 am

Secondly the expectation of ADP nonfarm employment change news (8:30 Eastern time) is worse than expected so ultimately for a long term trader also could get this advantage until the London Fix (12:00 Noon Eastern time)

Thanks,
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