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Cable Update (GBPUSD)

  • #86,881
  • Sep 10, 2008 4:34am Sep 10, 2008 4:34am
testing the bottom of 4hr channel ..i suspect it rise after that..
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  • #86,882
  • Sep 10, 2008 4:35am Sep 10, 2008 4:35am
Quoting nAVIN2007
testing the bottom of 4hr channel ..i suspect it rise after that..

buyers should be careful with this thing, anyone witness that last down move wow straight line job!
Trading is 80% Emotional, 20% Technical
  • #86,883
  • Sep 10, 2008 4:39am Sep 10, 2008 4:39am
Quoting fx local
buyers should be careful with this thing, anyone witness that last down move wow straight line job!

i must admit id rather place a sell than buy.......that volatiity some some crazy stuff...
  • #86,884
  • Sep 10, 2008 4:40am Sep 10, 2008 4:40am
Quoting fx local
buyers should be careful with this thing, anyone witness that last down move wow straight line job!
yeah i wouldnt enter the market at this point
we are getting mixed fundamental signals
thats not a good sign
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #86,885
  • Sep 10, 2008 4:43am Sep 10, 2008 4:43am
Quoting fx local
buyers should be careful with this thing, anyone witness that last down move wow straight line job!
There must have been some kind of news leaked that the rest of us haven't been made aware of...all the us crosses except the jpy had the same reaction....maybe something about Goldman's buying Lehman Bros. or something...very strange!!!
  • #86,886
  • Sep 10, 2008 4:43am Sep 10, 2008 4:43am
Quoting salah k.
yeah i wouldnt enter the market at this point
we are getting mixed fundamental signals
thats not a good sign
hiya bud......u good?

whats happening on the the fundie fronts bro?
  • #86,887
  • Sep 10, 2008 4:45am Sep 10, 2008 4:45am
I am so HAPPY that i had SL there!!!!!!
  • #86,888
  • Sep 10, 2008 4:48am Sep 10, 2008 4:48am
i think that was just a stop loss hunting exercise......
  • #86,889
  • Sep 10, 2008 4:48am Sep 10, 2008 4:48am
Quoting nAVIN2007
hiya bud......u good?

whats happening on the the fundie fronts bro?
hey man its all good
im not selling anymore
but im not buyin either
looks like the market might digest the mae-mac bailouts and the lehman shit
but i dont think its that simple
i dont know what the market reaction on the medium term might be

plus u know opec cutting production might cause a weakness in dollar

anyway its all mixed so im out
even technically we are in a very important area
waiting a breakout to follow price action is the only thing i recommend doing for now
"what doesn't bankrupt me, makes me stronger" modern nietzche
  • #86,890
  • Sep 10, 2008 4:52am Sep 10, 2008 4:52am
Quoting salah k.
hey man its all good
im not selling anymore
but im not buyin either
looks like the market might digest the mae-mac bailouts and the lehman shit
but i dont think its that simple
i dont know what the market reaction on the medium term might be

plus u know opec cutting production might cause a weakness in dollar

anyway its all mixed so im out
even technically we are in a very important area
waiting a breakout to follow price action is the only thing i recommend doing for now
  • #86,891
  • Sep 10, 2008 5:01am Sep 10, 2008 5:01am
Closed one of my short positions positive.
Will look for another entry higher up. Don't feel like longs are in play just yet.
Could be wrong though.
  • #86,892
  • Sep 10, 2008 5:10am Sep 10, 2008 5:10am
lehman earnings out at 12.30pm uk time, any chance they in market now!?? hmm
Trading is 80% Emotional, 20% Technical
  • #86,893
  • Sep 10, 2008 5:11am Sep 10, 2008 5:11am
Quoting fx local
lehman earnings out at 12.30pm uk time, any chance they in market now!?? hmm
Could explain this drop
  • #86,894
  • Sep 10, 2008 5:14am Sep 10, 2008 5:14am
Quoting DJ4x
Could explain this drop
cant see why they would release bad results... guess they will be better than expected, (not questioning their integrity!! yeah right!!)
Trading is 80% Emotional, 20% Technical
  • #86,895
  • Sep 10, 2008 5:15am Sep 10, 2008 5:15am
Quoting DJ4x
Could explain this drop
best to go with the trend..
  • #86,896
  • Sep 10, 2008 5:19am Sep 10, 2008 5:19am
Quoting nAVIN2007
best to go with the trend..
Yes, learnt this the hard way.
Note, I am only placing shorts here. If this BIT@# should head way up then I will be on the wrong side again.
  • #86,897
  • Sep 10, 2008 5:21am Sep 10, 2008 5:21am
Quoting fx local
cant see why they would release bad results... guess they will be better than expected, (not questioning their integrity!! yeah right!!)
We should question everything. Most data releases gets revised anyway.
  • #86,898
  • Sep 10, 2008 5:21am Sep 10, 2008 5:21am
chatter on the wires is that an unfounded rumour re a bad guilt auction and Uk store group Debenhams bond default prompting sell-off to the 76.4% fib of the 7505-7706 move.
ex member
  • #86,899
  • Sep 10, 2008 5:23am Sep 10, 2008 5:23am
MNI - 9/10/2008 6:14:25 AM - CABLE

CABLE: Pressured back toward pre Gilt auction lows around $1.7570 with traders noting supply seen from Russian names. Bids reported between $1.7560/50 (Asia low $1.7563).
  • #86,900
  • Sep 10, 2008 5:23am Sep 10, 2008 5:23am
Quoting DJ4x
Closed one of my short positions positive.
Will look for another entry higher up. Don't feel like longs are in play just yet.
Could be wrong though.
Closed two positions + pips. One more at .7538 I hope we get there. Ill even close that one on BE if I can if the move seem to run out of steem. I am hoping for 1.9500
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