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Cable Update (GBPUSD)

  • #7,281
  • Feb 28, 2007 7:23am Feb 28, 2007 7:23am
Quoting thunder
It looks like that tomahawk took off. I think that today or possibly tomorrow we may hit the low 9700's. Ride it to the top
I really hope so, too much stress in this darn month !!!
  • #7,282
  • Feb 28, 2007 7:24am Feb 28, 2007 7:24am
Quoting thunder
It looks like that tomahawk took off. I think that today or possibly tomorrow we may hit the low 9700's. Ride it to the top
Not so fast guys... Go grabbing small bites until (if) it breakes above 9700 with safety. Do not hold on 100+ pips boost during those nasty days, where volatility is all over all markets, no exception....
  • #7,283
  • Feb 28, 2007 7:42am Feb 28, 2007 7:42am
Quoting cesarnc
Not so fast guys... Go grabbing small bites until (if) it breakes above 9700 with safety. Do not hold on 100+ pips boost during those nasty days, where volatility is all over all markets, no exception....
I am a little skeptical at this point myself. I do believe that it should touch the 9545-50 today and possibly retest yesterday highs. If it closes above the 9615 mark I would still be bullish.
  • #7,284
  • Feb 28, 2007 7:44am Feb 28, 2007 7:44am
Is everybody buying the cable?? Am i the only one shorting eur/usd and cable ? (and UJ and GBP/Yen)

:
  • #7,285
  • Feb 28, 2007 7:50am Feb 28, 2007 7:50am
Cable is moving higher with confidence. May need a pause soon.

I'm holding a USDJPY short from 857 and that's starting to look nice. It is moving slowly but throughout this morning it looked like a classic continuation pattern.

Let's see what goes on this afternoon.
  • #7,286
  • Feb 28, 2007 8:16am Feb 28, 2007 8:16am
Quoting thunder
I am a little skeptical at this point myself. I do believe that it should touch the 9545-50 today and possibly retest yesterday highs. If it closes above the 9615 mark I would still be bullish.
Same here... 15M chart blown up, needing some air, possibly until news...

As news forecast are mixed, I prefer to stay out and watch for market reaction. Then go in 15min later on confirmation. I'm not shorting Cable no way. Cable down is being yen carry speculation only, not dollar strong and EUR is strong to the up side because of the verge of a hate hike, which the market is trying to price in beforehand, unsuccessifuly for days...

On the up side, I'm a buyer on clear and fuelled break of 9640, 1st 9670s, 2nd 9700, pulling the plug at first stall.

If prices fails to move during mixed news pack, we may end the day ranging 9580s 9620s. Frankfurt open price is being around 9620 since last Friday, now...
  • #7,287
  • Feb 28, 2007 8:21am Feb 28, 2007 8:21am
BTW I got out of the lousy yen short at B/E. Could have made a buck but it is looking too ranging today....

So nice profit today, despite the fact that my head was about to explode on my morning drawdowns....

And yes, still waiting and confident on the upcoming "Tomahawk Fart", the most respectful and powerful legend here to impose some resistance to henrycarol's unlimited thirst for shorts

  • #7,288
  • Feb 28, 2007 8:30am Feb 28, 2007 8:30am
i bet we're gonna see this sluggish pattern for some more time. it would be too wonderful to have a break anytime soon...
Nihil Sine Deo.
  • #7,289
  • Feb 28, 2007 8:31am Feb 28, 2007 8:31am
I may figure it out before someone tells me but I don't know what B/E means.
  • #7,290
  • Feb 28, 2007 8:35am Feb 28, 2007 8:35am
Quoting cesarnc

And yes, still waiting and confident on the upcoming "Tomahawk Fart", the most respectful and powerful legend here to impose some resistance to henrycarol's unlimited thirst for shorts


Just make sure that when the missle goes off that there isn't anyone around. I think that the it might be more like an Atomic Bomb and Tomahawk Fart combined to make one dirty Brazilian.
  • #7,291
  • Feb 28, 2007 8:35am Feb 28, 2007 8:35am
B/E - Break even

Quoting 17121712
I may figure it out before someone tells me but I don't know what B/E means.
My office is everywhere
  • #7,292
  • Feb 28, 2007 8:36am Feb 28, 2007 8:36am
Quoting 17121712
I may figure it out before someone tells me but I don't know what B/E means.
breakeven -> Profit=zero
  • #7,293
  • Feb 28, 2007 8:41am Feb 28, 2007 8:41am
Oh dont you just love the cable for making you cry?? sorry scream!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
  • #7,294
  • Feb 28, 2007 8:46am Feb 28, 2007 8:46am
ok, chicago PMI 47.9... worse then expected. good for me and my cable long.
2 more to go.
Nihil Sine Deo.
  • #7,295
  • Feb 28, 2007 8:48am Feb 28, 2007 8:48am
Quoting patricio0793
Oh dont you just love the cable for making you cry?? sorry scream!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


As I wrote early this morning, trading today is nasty business.

Bank any tiny profit that appears in the way...
  • #7,296
  • Feb 28, 2007 8:51am Feb 28, 2007 8:51am
Quoting cesarnc


As I wrote early this morning, trading today is nasty business.

Bank any tiny profit that appears in the way...

Ah.. I knew there was something that I kept forgetting to do..

damn

it keeps wanting to short... despite the negative news!!! Bring back the bulls I say!!!
  • #7,297
  • Feb 28, 2007 9:00am Feb 28, 2007 9:00am
Quoting pipmyway
B/E - Break even
LOL. Of course! I've always called it profit point.
  • #7,298
  • Feb 28, 2007 9:04am Feb 28, 2007 9:04am
HELP..

Am i missing something here??

3 bits of dollar negative news and hardly any movement... is everybody in the world today wanting to short???????
  • #7,299
  • Feb 28, 2007 9:05am Feb 28, 2007 9:05am
and another one, new homes sale dropped to 0.94M... which makes perfect logical why cable is stuck around 1.96 (?!?!).
i'm starting to really hate it.
Nihil Sine Deo.
  • #7,300
  • Feb 28, 2007 9:05am Feb 28, 2007 9:05am
More USD negatve news.

Chicago PMI - 47.9
New Home Sales - 0.94M

Market taking a while to respond. It doesn't look like we will get a white knuckle ride.
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