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Cable Update (GBPUSD)

  • #108,841
  • Dec 31, 2008 9:39am Dec 31, 2008 9:39am
Quoting penycae
Good morning all from the UK. Happy New Year to you all, and may the GBP continue to rally!
I hate to disappoint you, but it looks like a temporary rally for the pound...
Fundamentals don't offer support for the pound.
  • #108,842
  • Dec 31, 2008 9:50am Dec 31, 2008 9:50am
Quoting Yohay
I hate to disappoint you, but it looks like a temporary rally for the pound...
Fundamentals don't offer support for the pound.

Does any one have idea what was behind this crazy rally?
The Market pays you to be disciplined
  • #108,843
  • Dec 31, 2008 10:00am Dec 31, 2008 10:00am
Now its tanking....
  • #108,844
  • Dec 31, 2008 10:01am Dec 31, 2008 10:01am
Rally? What rally?
Hi, my name is Barry and you can keep your doctor...
  • #108,845
  • Dec 31, 2008 10:01am Dec 31, 2008 10:01am
Well 20 minutes ago I was +133 pips up from cable long and now look whats happened! Ive never seen anything like this happen before!
  • #108,846
  • Dec 31, 2008 10:02am Dec 31, 2008 10:02am
Quoting mima
Does any one have idea what was behind this crazy rally?
Profit taking my friend! I was stacked from 4600 up to 4680 and just closed out at 4375. I had no clue it would fall this freakin hard though. I was only looking for it to go to 4500 area. Oh well! Happy New Year to me!!
Just digging in the trenches like everyone else!
  • #108,847
  • Dec 31, 2008 10:02am Dec 31, 2008 10:02am
damn what happened to make cable sink like this..and i hope nobody here went long...cause its sinking like a mofo right now 300 pip drop for no reason
  • #108,848
  • Dec 31, 2008 10:05am Dec 31, 2008 10:05am
sinking??? it's rallying!!!

Quoting nAVIN2007
damn what happened to make cable sink like this..and i hope nobody here went long...cause its sinking like a mofo right now
DireXiv Make it happen, no one else is going to do it for you...
  • #108,849
  • Dec 31, 2008 10:07am Dec 31, 2008 10:07am
Should've closed my short position, it bounced up again. The same happened for EURJPY and GBPJPY, must be those year end unpredicatble moves...
  • #108,850
  • Dec 31, 2008 10:08am Dec 31, 2008 10:08am
Quoting golatigo
I am from 4505 - tp 4440
we'll see
have to admit - kinda risky in this type of market
glad i stuck with that one - though thought i was toast
for awhile there - nice $600 to end my week
i'm done
have a happy new years celebration all
  • #108,851
  • Dec 31, 2008 10:10am Dec 31, 2008 10:10am
spread is high!!!
  • #108,852
  • Dec 31, 2008 10:11am Dec 31, 2008 10:11am
Quoting AmeriTrini
spread is high!!!
My fixed broker is at 4 and my variable is between 6 and 1.
Just digging in the trenches like everyone else!
  • #108,853
  • Dec 31, 2008 10:11am Dec 31, 2008 10:11am
  • #108,854
  • Dec 31, 2008 10:12am Dec 31, 2008 10:12am
Quoting eohater
Profit taking my friend! I was stacked from 4600 up to 4680 and just closed out at 4375. I had no clue it would fall this freakin hard though. I was only looking for it to go to 4500 area. Oh well! Happy New Year to me!!
I got a nice piece myself from 4682 out at 4625.........

Couldn't say in longer because the wife is ready to leave!

But that trade sure made my New Years Eve party even better!

Have a Happy New Years bro...

HOLLA
  • #108,855
  • Dec 31, 2008 10:14am Dec 31, 2008 10:14am
Quoting nAVIN2007
damn what happened to make cable sink like this..and i hope nobody here went long...cause its sinking like a mofo right now 300 pip drop for no reason
Well that was I asked: what is behind this crazy rally: up and down sevreal times?
The Market pays you to be disciplined
  • #108,856
  • Dec 31, 2008 10:14am Dec 31, 2008 10:14am
Quoting Turtle
I got a nice piece myself from 4682 out at 4625.........

Couldn't say in longer because the wife is ready to leave!

But that trade sure made my New Years Eve party even better!

Have a Happy New Years bro...

HOLLA
Good job bro!

I hope you and the wife have an awesome time on holiday! Have all the HS you can!

Happy New Years!
Just digging in the trenches like everyone else!
  • #108,857
  • Dec 31, 2008 10:15am Dec 31, 2008 10:15am
i expected it to fall but this is crazy...must have been profit taking and and pending sell orders..

now i got a bearish outside bar...what gonna happen now
Attached Image (click to enlarge)
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  • #108,858
  • Dec 31, 2008 10:15am Dec 31, 2008 10:15am
Quoting nAVIN2007
damn what happened to make cable sink like this..and i hope nobody here went long...cause its sinking like a mofo right now 300 pip drop for no reason
London fix my man.
  • #108,859
  • Dec 31, 2008 10:16am Dec 31, 2008 10:16am
Quoting meromar
The result of the year. What is yours? Is the game worth the candle?
Made a hell of a lot more than you, but still far from being a good year. But who gives a **** other than me and possibly my family??? Your P&L is personal, my friend, and you shouldn't feel the need to prove your manhood by posting it on here for all to see, because nobody really gives a ****.

Crazy markets right now. This is one of the few times when trading is so thin that a couple of big orders from a large insitution (bank or hedge fund) will scare the market and move it considerably, as we can see. Stay out is my advice.

Well, I'm out now until next week, or Friday if I get really tempted.

Happy new year!
  • #108,860
  • Dec 31, 2008 10:17am Dec 31, 2008 10:17am
Quoting nAVIN2007
i expected it to fall but this is crazy...must have been profit taking and and pending sell orders..

now i got a bearish outside bar...what gonna happen now
You know what's going to happen bro! We're going to complete the retracement next year! Of course, not in a straight line, but I'm bearish (not that I won't take longs) to 1.37. I want the whole damn retracement at this point!
Just digging in the trenches like everyone else!
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