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Cable Update (GBPUSD)

  • #78,221
  • Jul 28, 2008 10:55am Jul 28, 2008 10:55am
Quoting nAVIN2007
how do u know theres a option to keep at 2 till tomorrow?

Whats up dude hope you had a good weekend. Since this thread is littered with people communicating in different languages thought I would ask what your background is.

The Name Navin sounds Indian am I correct?
  • #78,222
  • Jul 28, 2008 10:55am Jul 28, 2008 10:55am
Exactly your monia, your decision ONLY your responsibility.
  • #78,223
  • Jul 28, 2008 10:57am Jul 28, 2008 10:57am
Quoting atif
Large GBP 2.0 option expiry tomorrow.
Not sure if market will manipulate to keep it lower then that level or let it go higher to touch 2.0.
Anyone have idea on this?
Depends if it's a call or put option or an at-expiry barrier level on an option with different strike.
  • #78,224
  • Jul 28, 2008 10:57am Jul 28, 2008 10:57am
Quoting Pennypacker
come on drop baby drop
I am with you - 4 nice blue candles on the hourly ? Gravity will take over

I think Obama asked for those candles in his note in the wailing wall - he is short now too
  • #78,225
  • Jul 28, 2008 11:02am Jul 28, 2008 11:02am
Quoting nAVIN2007
how do u know theres a option to keep at 2 till tomorrow?
I read it from GFT news feed that there will be a large option expiry at 2.0.
Didn't say anything about call or put.
So, not sure how this will work but i kept a note to myself so that i can predict some out come in future.

Please read:
(IGM)[CABLE] has rallied to session highs in late European trade, with contacts n...

[CABLE] has rallied to session highs in late European trade, with contacts noting IMM demand aiding the fresh gains. Momentum types are also likely ready to pounce as the topside picks up speed, whilst the 1.9930/35 break likely tripped some model type buy-triggers. The mild recovery in oil off the session lows could be adding to the Usd's fresh slide (given the closer correlation between the two of late), whilst talk of a good size 2.000 expiry tomorrow could also be factoring into sentiment. Next strong resistance comes in a 1.9978 (25 July high).
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  • #78,226
  • Jul 28, 2008 11:05am Jul 28, 2008 11:05am
Quoting poweredbuyer
Whats up dude hope you had a good weekend. Since this thread is littered with people communicating in different languages thought I would ask what your background is.

The Name Navin sounds Indian am I correct?
yeah bro ...im indian been living in london all my life but was born in africa (zambia)...

based on that expiry im looking to short perhaps around 2 then..
  • #78,227
  • Jul 28, 2008 11:07am Jul 28, 2008 11:07am
Quoting nAVIN2007
yeah bro ...im indian been living in london all my life but was born in africa (zambia)...

Nice ... Same here (indian) livin in Toronto and I was born in Kenya (Mumbasa) ...
  • #78,228
  • Jul 28, 2008 11:08am Jul 28, 2008 11:08am
Quoting atif
I read it from GFT news feed that there will be a large option expiry at 2.0.
Didn't say anything about call or put.
So, not sure how this will work but i kept a note to myself so that i can predict some out come in future.

Please read:
(IGM)[CABLE] has rallied to session highs in late European trade, with contacts n...

[CABLE] has rallied to session highs in late European trade, with contacts noting IMM demand aiding the fresh gains. Momentum types are also likely ready to pounce as the topside picks up speed, whilst the 1.9930/35 break likely tripped some model type buy-triggers. The mild recovery in oil off the session lows could be adding to the Usd's fresh slide (given the closer correlation between the two of late), whilst talk of a good size 2.000 expiry tomorrow could also be factoring into sentiment. Next strong resistance comes in a 1.9978 (25 July high).
thx bro....i wanted to shrt tis morning but i thought lets see how the charts play out...i never did understand why its rising...the option might have something to do with it, assuming it can pass 1.9950
  • #78,229
  • Jul 28, 2008 11:10am Jul 28, 2008 11:10am
Quoting poweredbuyer
Nice ... Same here (indian) livin in Toronto and I was born in Kenya (Mumbasa) ...
  • #78,230
  • Jul 28, 2008 11:15am Jul 28, 2008 11:15am
Quoting atif
I read it from GFT news feed that there will be a large option expiry at 2.0.
Didn't say anything about call or put.
So, not sure how this will work but i kept a note to myself so that i can predict some out come in future.

Please read:
(IGM)[CABLE] has rallied to session highs in late European trade, with contacts n...

[CABLE] has rallied to session highs in late European trade, with contacts noting IMM demand aiding the fresh gains. Momentum types are also likely ready to pounce as the topside picks up speed, whilst the 1.9930/35 break likely tripped some model type buy-triggers. The mild recovery in oil off the session lows could be adding to the Usd's fresh slide (given the closer correlation between the two of late), whilst talk of a good size 2.000 expiry tomorrow could also be factoring into sentiment. Next strong resistance comes in a 1.9978 (25 July high).
It's too difficult to draw on anthing concrete for future analysis from the information given there. We need to know option type and whether a put or a call to determine where the writer (seller) of the option would be buying or selling spot in order to protect his position.
  • #78,231
  • Jul 28, 2008 11:21am Jul 28, 2008 11:21am
Quoting gammase1
It's too difficult to draw on anthing concrete for future analysis from the information given there. We need to know option type and whether a put or a call to determine where the writer (seller) of the option would be buying or selling spot in order to protect his position.
fully agree
helpfull could be oanda fx labs - open position summary

orders summary
  • #78,232
  • Jul 28, 2008 11:26am Jul 28, 2008 11:26am
imo cable is about to drop in 1-2 hours
  • #78,233
  • Jul 28, 2008 11:27am Jul 28, 2008 11:27am
Quoting nAVIN2007
yeah bro ...im indian been living in london all my life but was born in africa (zambia)...

based on that expiry im looking to short perhaps around 2 then..
So was Freddie Mercury
  • #78,234
  • Jul 28, 2008 11:28am Jul 28, 2008 11:28am
it's rising because it reached the bottom of the ascending channel and it will either reach a new high or at least test the last peak before descending.
  • #78,235
  • Jul 28, 2008 11:36am Jul 28, 2008 11:36am
Closed longs. Pos 47
New short 1.9942.
Lets see
  • #78,236
  • Jul 28, 2008 11:39am Jul 28, 2008 11:39am
why is it taking so long to drop??
Keep It Simple Stupid
  • #78,237
  • Jul 28, 2008 11:40am Jul 28, 2008 11:40am
Quoting Alastair
why is it taking so long to drop??
it's giving us plenty of opportunity to short it
  • #78,238
  • Jul 28, 2008 11:41am Jul 28, 2008 11:41am
Quoting Alastair
why is it taking so long to drop??
cos it's not done rising yet, imo
  • #78,239
  • Jul 28, 2008 11:41am Jul 28, 2008 11:41am
Quoting Alastair
why is it taking so long to drop??
Because you're holding shorts and your nerves are shot
  • #78,240
  • Jul 28, 2008 11:42am Jul 28, 2008 11:42am
Quoting Alastair
why is it taking so long to drop??
we mostly have 2 hours when market stalls after london is fixed
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