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Cable Update (GBPUSD)

  • #78,581
  • Jul 29, 2008 10:14am Jul 29, 2008 10:14am
Quoting fontu
Movements flat , ready for another short or some retracements ?? all positions closed with profits .waiting
fontu
I am looking for some retracement back to 1.9835 and then maybe 1.9860, just my opion but we have had around 170 pip movement for the day already that is why I am thinking retracement.
Please ask questions and share your experiences with us all!
  • #78,582
  • Jul 29, 2008 10:15am Jul 29, 2008 10:15am
This is my kind of market, seat of the pants and technicals are just for reference and not dominating the play

If there isn't a good long opportunity at this point ( On a 'now to friday' time scale ), I will show my botty in the co-op window

Oil is volatile right ? always has been ? This cable move is because of oil right ?

Volatile means up AND down right ?


Well then ?

This means of course that we aren't trading cable - we are trading oil ! Scary stuff
  • #78,583
  • Jul 29, 2008 10:16am Jul 29, 2008 10:16am
Quoting bkg102665
I am looking for some retracement back to 1.9835 and then maybe 1.9860, just my opion but we have had around 170 pip movement for the day already that is why I am thinking retracement.
yup same thoughts with me...
  • #78,584
  • Jul 29, 2008 10:23am Jul 29, 2008 10:23am
Quoting allserene
This is my kind of market, seat of the pants and technicals are just for reference and not dominating the play

If there isn't a good long opportunity at this point ( On a 'now to friday' time scale ), I will show my botty in the co-op window

Oil is volatile right ? always has been ? This cable move is because of oil right ?

Volatile means up AND down right ?


Well then ?

This means of course that we aren't trading cable - we are trading oil ! Scary stuff
Yea this is fun. It could run hard here. This monthly pivot is a tar pit though.
USD Est Non Mortuus
  • #78,585
  • Jul 29, 2008 10:26am Jul 29, 2008 10:26am
oh crap sell order got missed ..
  • #78,586
  • Jul 29, 2008 10:27am Jul 29, 2008 10:27am
Quoting bkg102665
I am looking for some retracement back to 1.9835 and then maybe 1.9860, just my opion but we have had around 170 pip movement for the day already that is why I am thinking retracement.
Thanks for the information. I see lots of volumes interactions at this level Up surpas low but still failing , no good sign . may down again .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #78,587
  • Jul 29, 2008 10:30am Jul 29, 2008 10:30am
Lurker you must be sweating 1.98 - we all are - more coffee- not leaving this screen til I see how 1.98 pans out

Got my longs on, but my eye is fixed to the chart like george michael's eye to a peep hole in a los angeles toilet

Come on get your finger on the trigger if it goes 1.9811

If it returns to 1.98 I will get out at b/e - this is it's chance to bounce - not giving it any more
  • #78,588
  • Jul 29, 2008 10:35am Jul 29, 2008 10:35am
Quoting allserene
Lurker you must be sweating 1.98 - we all are - more coffee- not leaving this screen til I see how 1.98 pans out

Got my longs on, but my eye is fixed to the chart like george michael's eye to a peep hole in a los angeles toilet

Come on get your finger on the trigger if it goes 1.9811
Nah im not in the market.. but id like to see it get to my buy target.. then Im loading up heavy. And I'm giving you the new title of "King of Analogies" After that screamer you just unloaded.
USD Est Non Mortuus
  • #78,589
  • Jul 29, 2008 10:36am Jul 29, 2008 10:36am
Quoting LuckyLurker
Nah im not in the market.. but id like to see it get to my buy target.. then Im loading up heavy.
@ george michael comment ..
  • #78,590
  • Jul 29, 2008 10:40am Jul 29, 2008 10:40am
29 July 2008 Tuesday 13:27
House Prices Fall As Sentiment Changes


Home prices continue to plunge pressuring the economy into further despair adding to their misery of the worst financial crisis since the Great Depression. While the only bright side currently in the nation is the upcoming quarterly readings of the annualized GDP (Gross Domestic Product) to expand which is scheduled for release later this week. The sentiment has changed in the markets as today consumer confidence readings were released showing a rise from the previous reading.
Standard & Poor's Case Shiller Composite for 20 major cities in the economy for the year ending in May came in at -15.78% better than the expected -16.0% but worse than the prior reading of -15.22%. Showing that the housing sector is still deepening and like the IMF projected yesterday that the worst is yet to come as a result of the ongoing financial market turmoil.
Despite this data was downbeat, but as the U.S. equities market recorded gains as a result of Amgen Inc. and U.S. Steel Corp. reporting better than expected profits and Merrill Lynch & Co.'s mortgage bonds sales raised anticipations in the market that banks might just prevail the other failing investments, helped support the dollar causing it to gain once again in the markets.
The US released its consumer confidence for the month of July coming in at 51.9 higher than both the expected 50.0 and the revised previous reading of 51.0 from 50.4. This gain was the first seen in seven months time. Although Americans still believe that the worst has yet to come but still they are slightly optimistic about the outlook of the economy.
As consumers have confidence in the economy this will help growth pick up pace as people usually spend in the nation if they are confident changes to the good are going to happen. Of course spending will help stimulate the current weak growth witnessed, which might therefore cause Feds to think about a rate hike in order to battle inflation as a result of soaring energy and food prices.
The data is still mixed in the market and not enough for us to decide the performance since we still know that the labor market is softening leading to lower money towards the economy which undermines growth prospects. Later this week we are waiting for more fundamental data regarding the current conditions of the job market and growth that should help us see the outlook of the nation.
  • #78,591
  • Jul 29, 2008 10:44am Jul 29, 2008 10:44am
Quoting warta
29 July 2008 Tuesday 13:27
House Prices Fall As Sentiment Changes


Home prices continue to plunge pressuring the economy into further despair adding to their misery of the worst financial crisis since the Great Depression. While the only bright side currently in the nation is the upcoming quarterly readings of the annualized GDP (Gross Domestic Product) to expand which is scheduled for release later this week. The sentiment has changed in the markets as today consumer confidence readings were released showing a rise from the previous reading.
Standard & Poor's Case Shiller Composite for 20 major cities in the economy for the year ending in May came in at -15.78% better than the expected -16.0% but worse than the prior reading of -15.22%. Showing that the housing sector is still deepening and like the IMF projected yesterday that the worst is yet to come as a result of the ongoing financial market turmoil.
Despite this data was downbeat, but as the U.S. equities market recorded gains as a result of Amgen Inc. and U.S. Steel Corp. reporting better than expected profits and Merrill Lynch & Co.'s mortgage bonds sales raised anticipations in the market that banks might just prevail the other failing investments, helped support the dollar causing it to gain once again in the markets.
The US released its consumer confidence for the month of July coming in at 51.9 higher than both the expected 50.0 and the revised previous reading of 51.0 from 50.4. This gain was the first seen in seven months time. Although Americans still believe that the worst has yet to come but still they are slightly optimistic about the outlook of the economy.
As consumers have confidence in the economy this will help growth pick up pace as people usually spend in the nation if they are confident changes to the good are going to happen. Of course spending will help stimulate the current weak growth witnessed, which might therefore cause Feds to think about a rate hike in order to battle inflation as a result of soaring energy and food prices.
The data is still mixed in the market and not enough for us to decide the performance since we still know that the labor market is softening leading to lower money towards the economy which undermines growth prospects. Later this week we are waiting for more fundamental data regarding the current conditions of the job market and growth that should help us see the outlook of the nation.


Despite all this Dollar is gaining Stregnth.. Warta you should join the shorts dude ... Don't see it even going back arround 9950 this week,
  • #78,592
  • Jul 29, 2008 10:45am Jul 29, 2008 10:45am
I'm not in currently. Missed the great ride down. I have PO for Longs at 1.9750.
Just digging in the trenches like everyone else!
  • #78,593
  • Jul 29, 2008 10:48am Jul 29, 2008 10:48am
Quoting poweredbuyer
Despite all this Dollar is gaining Stregnth.. Warta you should join the shorts dude ... Don't see it even going back arround 9950 this week,

not for a long time man , am not into market but am trading swissey and euros for today but still waiting the entry to long cable the good news took cable down but am not sure will continue this move
anyway we will see how it will play
happy trade all
  • #78,594
  • Jul 29, 2008 10:57am Jul 29, 2008 10:57am
Quoting LuckyLurker
Nah im not in the market.. but id like to see it get to my buy target.. then Im loading up heavy. And I'm giving you the new title of "King of Analogies" After that screamer you just unloaded.
I accept the title - it's rabies induced - I took the cat out to the lawn for the first time yesterday. It was sat on my knee quivering with fear. Then at 11.30am, the 8 irrigation sprinklers heads came up with with a bang and hissed a billion gallons of cold cascades water on us - we got soaked. The cat went into orbit and scratched me to pieces and slammed its head into the closed door trying to get back inside, and I was running in blood and it gave me overnight rabies. She wont even go near the door now... I am sweating like Amy Winehouse in the customs line at JFK and having wild thoughts..
Perhaps they will be inspirational... let's see

My middle finger is bandaged and I can't say goodnight to the manager now
  • #78,595
  • Jul 29, 2008 11:02am Jul 29, 2008 11:02am
Quoting allserene
I accept the title - it's rabies induced - I took the cat out to the lawn for the first time yesterday. It was sat on my knee quivering with fear. Then at 11.30am, the 8 irrigation sprinklers heads came up with with a bang and hissed a billion gallons of cold cascades water on us - we got soaked. The cat went into orbit and scratched me to pieces and slammed its head into the closed door trying to get back inside, and I was running in blood and it gave me overnight rabies. She wont even go near the door now... I am sweating like Amy Winehouse in the customs line at JFK and having wild thoughts..
Perhaps they will be inspirational... let's see

My middle finger is bandaged and I can't say godnight to the manager now
Wow what a vision that created!
USD Est Non Mortuus
  • #78,596
  • Jul 29, 2008 11:17am Jul 29, 2008 11:17am
Quoting allserene
I accept the title - it's rabies induced - I took the cat out to the lawn for the first time yesterday. It was sat on my knee quivering with fear. Then at 11.30am, the 8 irrigation sprinklers heads came up with with a bang and hissed a billion gallons of cold cascades water on us - we got soaked. The cat went into orbit and scratched me to pieces and slammed its head into the closed door trying to get back inside, and I was running in blood and it gave me overnight rabies. She wont even go near the door now... I am sweating like Amy Winehouse in the customs line at JFK and having wild thoughts..
Perhaps they will be inspirational... let's see

My middle finger is bandaged and I can't say goodnight to the manager now
Cat scratch fever?
  • #78,597
  • Jul 29, 2008 11:19am Jul 29, 2008 11:19am
Quoting LuckyLurker
Wow what a vision that created!

Almost at our Target. Get ready to long the bloody hell out of it soon for a nice retrace this afternoon :-)
  • #78,598
  • Jul 29, 2008 11:25am Jul 29, 2008 11:25am
Quoting poweredbuyer
Almost at our Target. Get ready to long the bloody hell out of it soon for a nice retrace this afternoon :-)
I think it could retrace this afternoon and during asia, but I think tomorrow will be another down day. My buy is lower.
USD Est Non Mortuus
  • #78,599
  • Jul 29, 2008 11:31am Jul 29, 2008 11:31am
It's out of the up channel we had on the daily since may 13 (unlucky for some)

But a big red candle going all the way down to 1.96 ? That would be a whopper. I believe it can get there but there has to be some green stuff first and I want to ride that
  • #78,600
  • Jul 29, 2008 11:33am Jul 29, 2008 11:33am
Quoting allserene
It's out of the up channel we had on the daily since may 13 (unlucky for some)

But a big red candle going all the way down to 1.96 ? That would be a whopper. I believe it can get there but there has to be some green stuff first and I want to ride that
absolutely. Ill just wait though.
USD Est Non Mortuus
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