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Cable Update (GBPUSD)

  • #83,021
  • Aug 19, 2008 10:31am Aug 19, 2008 10:31am
Quoting Ya-Razzaq
short cable!
Why?? I thought it was tall....
Patience + Discipline - Greed = Success
  • #83,022
  • Aug 19, 2008 10:32am Aug 19, 2008 10:32am
Quoting Uphios
I'm complaining! Flat and boring (reminds me of an old girl friend) was just what I was expecting so I have stayed hedged all day so far. Really disappointed not to have made something today.
well it is up 130 pips or so since 10pm pacific so that ain't flat !

All a questions of time horizons I suppose and I am playing a bit longer just now

flat boring unintelligent submissive girlfriends are the most desirable in the world from my perspective right now - as long as they are pleasant and the tears don't roll their backs when they cry
  • #83,023
  • Aug 19, 2008 10:43am Aug 19, 2008 10:43am
Quoting oscarfrx
I am also short 8645 sl 8691 tp 8604.
I hope this works out for you. I don't see it falling much more than 1.863x before it takes back off north. Don't let me change your mind on your trade because I've been wrong before, but we've tested to go lower earlier and we didn't get a new low, now it's time to test a higher high. Again, this is just my opinion. Trade your trade as you see it.
Just digging in the trenches like everyone else!
  • #83,024
  • Aug 19, 2008 10:48am Aug 19, 2008 10:48am
Quoting eohater
I hope this works out for you. I don't see it falling much more than 1.863x before it takes back off north. Don't let me change your mind on your trade because I've been wrong before, but we've tested to go lower earlier and we didn't get a new low, now it's time to test a higher high. Again, this is just my opinion. Trade your trade as you see it.

cable will try 1.8550 again
its falling down slowly..
  • #83,025
  • Aug 19, 2008 10:51am Aug 19, 2008 10:51am
Quoting Ya-Razzaq
cable will try 1.8550 again
its falling down slowly..
I hope she does, especially for all the short holders out there. I'm not in a trade currently and will wait until around 5:00 est before I consider another one.
Just digging in the trenches like everyone else!
  • #83,026
  • Aug 19, 2008 10:59am Aug 19, 2008 10:59am
Quoting Ya-Razzaq
cable will try 1.8550 again
its falling down slowly..
i see 600 as the lowest within the next 24 hours..
USD Est Non Mortuus
  • #83,027
  • Aug 19, 2008 11:03am Aug 19, 2008 11:03am
Really we are all trading oil

This morning oil is up so the stock market goes down and so does the dollar

My shares actually went up a lot as they are heavily weighted towards oil/chemicals/oil exploration and drilling/mining etc

We should all get cracking researching oil and studying oil technicals as that is the only thing driving cable right now
  • #83,028
  • Aug 19, 2008 11:06am Aug 19, 2008 11:06am
Quoting allserene
Really we are all trading oil

This morning oil is up so the stock market goes down and so does the dollar

My shares actually went up a lot as they are heavily weighted towards oil/chemicals/oil exploration and drilling/mining etc

We should all get cracking researching oil and studying oil technicals as that is the only thing driving cable right now
yea and just a minute ago you have an opec spokesman talking about how they wont let oil go below $100 p/b .. whats that tell ya
USD Est Non Mortuus
  • #83,029
  • Aug 19, 2008 11:06am Aug 19, 2008 11:06am
Quoting allserene
Really we are all trading oil

This morning oil is up so the stock market goes down and so does the dollar

My shares actually went up a lot as they are heavily weighted towards oil/chemicals/oil exploration and drilling/mining etc

We should all get cracking researching oil and studying oil technicals as that is the only thing driving cable right now
If oil price go up, GBP/USD will go down right?
  • #83,030
  • Aug 19, 2008 11:07am Aug 19, 2008 11:07am
Quoting allserene
Really we are all trading oil

This morning oil is up so the stock market goes down and so does the dollar

My shares actually went up a lot as they are heavily weighted towards oil/chemicals/oil exploration and drilling/mining etc

We should all get cracking researching oil and studying oil technicals as that is the only thing driving cable right now
My contribution to the research, they arn't making any more of it.
This space intentionally left blank.
  • #83,031
  • Aug 19, 2008 11:16am Aug 19, 2008 11:16am
Quoting Ya-Razzaq
If oil price go up, GBP/USD will go down right?
If oil goes up, the value of the dollar typically is decreasing thus causing cable to go up.
Just digging in the trenches like everyone else!
  • #83,032
  • Aug 19, 2008 11:19am Aug 19, 2008 11:19am
Quoting Ya-Razzaq
If oil price go up, GBP/USD will go down right?
today, oil went up so gbp went up and usd down
  • #83,033
  • Aug 19, 2008 11:20am Aug 19, 2008 11:20am
I don't know if I am hedged or confused - so that probably means I am confused

my shares depend on oil going up

my cable short depends on oil going down

Having a personality suited to self deception , i can't lose because I will cheer whichever profits and ignore the losses
  • #83,034
  • Aug 19, 2008 11:22am Aug 19, 2008 11:22am
thanks for the explaination.
  • #83,035
  • Aug 19, 2008 11:28am Aug 19, 2008 11:28am
Quoting Ya-Razzaq
thanks for the explaination.
when dollar goes up ....oil goes down

and if dollar goes up cable have to go down

in a nut shell if oil goes up so does cable...kinda proportional
  • #83,036
  • Aug 19, 2008 11:28am Aug 19, 2008 11:28am
Quoting LuckyLurker
yea and just a minute ago you have an opec spokesman talking about how they wont let oil go below $100 p/b .. whats that tell ya

x = volume times price

whatever maximises x is what they will do

All this about leaving it in the ground for their grandchildren is codswallop.
They would pump it all up tomorrow if it was 300 and they thought it was going to 30 next year - so would I
  • #83,037
  • Aug 19, 2008 11:30am Aug 19, 2008 11:30am
i hope we get a doji on weekly chart that would be seriously the best news, means we can load this mother all the way back up....
  • #83,038
  • Aug 19, 2008 11:41am Aug 19, 2008 11:41am
Quoting gagakrimba
Well....i entered at 1.8640 and my SL is at 1.8595.
Looks like your stoploss got hit there buddy...........
  • #83,039
  • Aug 19, 2008 11:45am Aug 19, 2008 11:45am
Quoting AmeriTrini
Looks like your stoploss got hit there buddy...........
Did you get your long on at 1.8550? I rode her to 1.8620 then bailed got back on long at 1.8581 and closed out at 1.8650.
Just digging in the trenches like everyone else!
  • #83,040
  • Aug 19, 2008 11:57am Aug 19, 2008 11:57am
Quoting eohater
Did you get your long on at 1.8550? I rode her to 1.8620 then bailed got back on long at 1.8581 and closed out at 1.8650.
it will be interesting to see if that bottom breaks...being at 61% fibo i reckon we might dance in the range 1.8512-1.8910 for maybe 3 months b4 going up... assuming that bottom dont break..

any thoughts?
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