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Cable Update (GBPUSD)

  • #85,561
  • Sep 2, 2008 9:34pm Sep 2, 2008 9:34pm
Quoting eye4spot
short anyone?
Shorted with SL at 1.7852
All depends on overnight event risk.
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  • #85,562
  • Sep 2, 2008 11:13pm Sep 2, 2008 11:13pm
booya big money time
  • #85,563
  • Sep 2, 2008 11:20pm Sep 2, 2008 11:20pm
Quoting mr.leahy
booya big money time
what caused the huge drop?
gold, oil also fell?
Keep It Simple Stupid
  • #85,564
  • Sep 2, 2008 11:22pm Sep 2, 2008 11:22pm
no idea lol but I am glad it did
  • #85,565
  • Sep 2, 2008 11:25pm Sep 2, 2008 11:25pm
730$ tp
Now it's time to go to sleep..
  • #85,566
  • Sep 2, 2008 11:27pm Sep 2, 2008 11:27pm
Quoting mr.leahy
no idea lol but I am glad it did
i was still busy wiping the sleep out of my eyes so i missed it!!
Keep It Simple Stupid
  • #85,567
  • Sep 2, 2008 11:27pm Sep 2, 2008 11:27pm
looks like the same deal as yesterday once it krept thru 7800 it must have filled a ton or orders

anyway closed 2 short positions +98 and +104 holding one short from 7833
will close last short if it hangs up here
  • #85,568
  • Sep 2, 2008 11:32pm Sep 2, 2008 11:32pm
closed final short +110

good night
  • #85,569
  • Sep 2, 2008 11:34pm Sep 2, 2008 11:34pm
wasnt that nice for us shorts !

there will be a bounce sometime but this is not the time to gamble on it

death to the GBP !

long live the crappy over rated USD !

everything is comparitive
  • #85,570
  • Sep 2, 2008 11:35pm Sep 2, 2008 11:35pm
This is Fed's intervention. There's no other explanation for the continued dollar strength. I don't care what your style is - TA, fundies - doesn't matter how you spin it, 2300 pips in 6 weeks is insanity.
  • #85,571
  • Sep 2, 2008 11:38pm Sep 2, 2008 11:38pm
what about this graph?
see sharp increase in the beginnning of September ..
http://www.seasonalcharts.com/zyklen..._election.html
  • #85,572
  • Sep 2, 2008 11:39pm Sep 2, 2008 11:39pm
i closed my short yesterday before the drop and i was asleep to see the signal...... same shit different day
When life gives you lemons, make lemonade
  • #85,573
  • Sep 2, 2008 11:40pm Sep 2, 2008 11:40pm
it isnt the first or the largest move like this that cable has made tho, in fact if you look back on the monthly chart it is clear that cable has corrected in this manner every time it reached about 2.0
  • #85,574
  • Sep 2, 2008 11:40pm Sep 2, 2008 11:40pm
Quoting Subdude
This is Fed's intervention. There's no other explanation for the continued dollar strength. I don't care what your style is - TA, fundies - doesn't matter how you spin it, 2300 pips in 6 weeks is insanity.
yes i sniff a bounce somewhere but I have no idea where it is - 1.72 ?

It took years to move this far when it was going up

quick let me target some uk exporter's shares !
  • #85,575
  • Sep 2, 2008 11:48pm Sep 2, 2008 11:48pm
Quoting WhiteSwan
what about this graph?
see sharp increase in the beginnning of September ..
http://www.seasonalcharts.com/zyklen..._election.html
Not sure what you're getting at - that the U.S. economy gets it hopes up in election years? DJIA has balooned over the years, election or not. And okay, so U.K. is in a bad shape - but what about everything else vs. $ - oil, gold, euro, loonie? What do you make of these 100 pip drops in a matter of minutes - doesn't it look like someone's pulling the plug? There's no rational basis for this pace of dollar appreciation, it's another bubble just like oil 2 months ago. When the intervention participants start unwinding their dollar positions, I really wouldn't want to be long on this overpriced currency.
  • #85,576
  • Sep 2, 2008 11:53pm Sep 2, 2008 11:53pm
Quoting micho
i closed my short yesterday before the drop and i was asleep to see the signal...... same shit different day
Mr. Micho I also closed my short and same last day free fall happened in I think within 30 minutes between 12:00 am - 12:30 am eastern time that I also missed and away from the computer...

I think this is just missing a boat, we can get another boat in few hours. All you have to do put a sell order for break at 1.7780 (Sell at high) and that is what I will do and go to good night sleep.......

See yea....
  • #85,577
  • Sep 2, 2008 11:58pm Sep 2, 2008 11:58pm
Quoting mr.leahy
it isnt the first or the largest move like this that cable has made tho, in fact if you look back on the monthly chart it is clear that cable has corrected in this manner every time it reached about 2.0
Not quite true. Cable has straddled 2.0 for a couple of years without any major corrections until now. This one is unprecendented, though - I don't see anything like this since at least early nineties, but back then the FX market was much smaller anyway.
  • #85,578
  • Sep 3, 2008 12:00am Sep 3, 2008 12:00am
Quoting asyed4
Mr. Micho I also closed my short and same last day free fall happened in I think within 30 minutes between 12:00 am - 12:30 am eastern time that I also missed and away from the computer...

I think this is just missing a boat, we can get another boat in few hours. All you have to do put a sell order for break at 1.7780 (Sell at high) and that is what I will do and go to good night sleep.......

See yea....

i will keep my order open this time hahahahah

good luck
When life gives you lemons, make lemonade
  • #85,579
  • Sep 3, 2008 12:10am Sep 3, 2008 12:10am
what a mess !

huge fortunes being made and lost

people out of work - businesses collapsing

export business booming !

ryanair fuel bill through the roof - airbus breaking open the champagne - boeing suicidal

huge implications from all this

If my yanky wife kicks me out i can go back to the UK with an airbus full of USD and change it into GBP and buy a house for peanuts and stay drunk for life

She wont though.....
  • #85,580
  • Sep 3, 2008 12:19am Sep 3, 2008 12:19am
[
Quote
quote=allserene;2197580]what a mess !
ryanair fuel bill through the roof - airbus breaking open the champagne - boeing suicidal
Good morning to all, could you explain that, cause i have Ryanair tickets to London next week
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