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Cable Update (GBPUSD)

  • #6,621
  • Feb 22, 2007 6:08am Feb 22, 2007 6:08am
Quoting kaesar
So you can control the market, are you trading 10^24 lots or more ???
Probably not, but henrycarol might be. lol
  • #6,622
  • Feb 22, 2007 6:09am Feb 22, 2007 6:09am
If so then it will definitely go down since Henry Carol is short i think, lol.
  • #6,623
  • Feb 22, 2007 6:09am Feb 22, 2007 6:09am
Unfortunately not.. :-)

I spread bet, so not exactly sure what the leverage is on the cable..

I dont work to any charts.. I use the famous Sods Law method, its good cos it keeps kicking you when your down.. and its consistent .LOL.
  • #6,624
  • Feb 22, 2007 6:14am Feb 22, 2007 6:14am
Quoting patricio0793
Guys, I have a fantastic idea.. to make it drop below the 1.9490 level..

What I will do is close my short position when it gets to that level, and as always watch it drop another 50 pips immediately after..

Its never failed so far..
And I thought it was only me....
  • #6,625
  • Feb 22, 2007 6:18am Feb 22, 2007 6:18am
Quoting goonergonebad
And I thought it was only me....
Let me join the club guys
  • #6,626
  • Feb 22, 2007 6:21am Feb 22, 2007 6:21am
Guess the whole world is waiting for us to get out of our positions...

Oh, I'm back short after it broke 9500 down one hour ago.... Guess that was the reason we saw 9511 afterwards
  • #6,627
  • Feb 22, 2007 6:22am Feb 22, 2007 6:22am
Quoting cesarnc
Guess the whole world is waiting for us to get out of our positions...

Oh, I'm back short after it broke 9500 down one hour ago.... Guess that was the reason we saw 9511 afterwards
I'm short from 9510, just be patient bro
Trade what you see, not what you think.
  • #6,628
  • Feb 22, 2007 6:24am Feb 22, 2007 6:24am
[FOCUS COMMENT: FOMC MINUTES LIFT] The broad Dollar index continues to lift away from the 84 support with y/day's CPI data adding to short covering. This has been helped by the FOMC minutes which again clipped the Dollar bears claws.
  • #6,629
  • Feb 22, 2007 6:34am Feb 22, 2007 6:34am
I think the pound will only get direction after the unemployment claims data is released. My opinion is that if the data is worst than expected the pound will go to 1.96 if the data is bad it will spike down and retrace to 1.95
  • #6,630
  • Feb 22, 2007 6:37am Feb 22, 2007 6:37am
correction ' if the data is GOOD it will spike down and retrace to 1.95
  • #6,631
  • Feb 22, 2007 6:43am Feb 22, 2007 6:43am
Quoting Kanon
correction ' if the data is GOOD it will spike down and retrace to 1.95
oooh... you're right

10:30am USD Unemployment Claims http://www.forexfactory.com/images/m...impact_low.gif
320K 357K

I was reading 320K worse than 357K....

Although doesn't seem to be a mover.... Ah whatta hell. Whatever the spike below I'll grab.....
  • #6,632
  • Feb 22, 2007 6:45am Feb 22, 2007 6:45am
Quoting patricio0793
Guys, I have a fantastic idea.. to make it drop below the 1.9490 level..

What I will do is close my short position when it gets to that level, and as always watch it drop another 50 pips immediately after..

Its never failed so far..
9490 patricio!!! GET OUT!!!
  • #6,633
  • Feb 22, 2007 6:46am Feb 22, 2007 6:46am
DAMMMMMMMMMMMNNNNNNN,,.

I was on the phone, turned my head for 1 minute and its gone again..

Sit tight.. ill have another go.

:-)
  • #6,634
  • Feb 22, 2007 6:50am Feb 22, 2007 6:50am
Quoting patricio0793
DAMMMMMMMMMMMNNNNNNN,,.

I was on the phone, turned my head for 1 minute and its gone again..

Sit tight.. ill have another go.

:-)
I'm so needing those 50 pips you mentioned...
  • #6,635
  • Feb 22, 2007 6:52am Feb 22, 2007 6:52am
Tell me about it... I was £500 up at 8.30am this morning.. its was a great start to a wonderful day after holding short since last night..

Now im chasing to break even on the day!!

Always chasing!!!
  • #6,636
  • Feb 22, 2007 6:55am Feb 22, 2007 6:55am
Quoting patricio0793
Tell me about it... I was £500 up at 8.30am this morning.. its was a great start to a wonderful day after holding short since last night..

Now im chasing to break even on the day!!

Always chasing!!!
Well guess we all traded the right thing. Frakfurt cleared it down below 9500, we shorted because it is OBVIOUS that London goes along with Frankfurt on this big move, then we saw 9460 - so far so good - now just wait for the second assault down.... wait a little more... wait... oops... back to 9500... oopss 9510... wait it is just a whipsaw... oopss 9518....
  • #6,637
  • Feb 22, 2007 7:01am Feb 22, 2007 7:01am
its kinda holding just below 1.95.. but the Euro's now rising from its earlier downturn.. what with the Yen still kicking and screaming upwards too, I worry that the Cable has to follow suit.

I dont know which pair I hate most, GBPUSD or the GBPJPY

I hate em all!!!
  • #6,638
  • Feb 22, 2007 7:06am Feb 22, 2007 7:06am
C'mom NEW YORK, do something... Stope me out or profit me up, I don't give a shit anymore......

But another 4 hours at 9500 and this monitor will suffer the consequences..
  • #6,639
  • Feb 22, 2007 7:09am Feb 22, 2007 7:09am
Quoting cesarnc
C'mom NEW YORK, do something... Stope me out or profit me up, I don't give a shit anymore......

But another 4 hours at 9500 and this monitor will suffer the consequences..
Well said, i guess we have to wait for the news now to deliver us lol
  • #6,640
  • Feb 22, 2007 7:10am Feb 22, 2007 7:10am
Exactly..

I think im going to close out and wait for the US data..

It always goes against my trade anyway..

Or, to be daring shall I keep my short open.. put a stop in that will get jumped the minute it spikes upwards.. leaving my marketmaker enjoying the benefits..

Im torn..
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