Cable Update (GBPUSD) | Page 460 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #9,181
  • Mar 27, 2007 4:12am Mar 27, 2007 4:12am
Quoting goodstanley_2
hi cesar can you tell me why is falling down
Guess it is this guy King from BOE speaking... GBP is down across the board now...

But as carries and Euro are up, I'm buying dips

I mean, carries are biased up.... GJ is down now with GBP
  • #9,182
  • Mar 27, 2007 4:15am Mar 27, 2007 4:15am
MIxed B.S. throwing nervousness in the air.

[BOE"S LOMAX] notes that she wanted more time reflect on evidence in Jan (recall the BoE hiked by 25bp in Jan). [BARKER] goes on to say that there has been a lot of uncertainty about where infl is going to settle ahead though she was swayed by infl staying above target. [KING] notes that both nominal and real interest rates are low. [SENTANCE] adds that demand and infl have picked up together - the issue for him is has the MPC done enough on interest rates since Jan. It seems to him that it was not enough and that the MPC needed to go further. This is very hawkish and suggests that he could vote for a hike at the Apr meeting despite not calling for a hike at the Mar meeting (8-1 vote for unch rate - Blanchflower calling for the cut).
  • #9,183
  • Mar 27, 2007 4:21am Mar 27, 2007 4:21am
Quoting cesarnc
Guess it is this guy King from BOE speaking... GBP is down across the board now...

But as carries and Euro are up, I'm buying dips

I mean, carries are biased up.... GJ is down now with GBP
so you think is going still up to 99,I am new here....looking for some experience,i am buy from 9681
  • #9,184
  • Mar 27, 2007 4:25am Mar 27, 2007 4:25am
Quoting goodstanley_2
so you think is going still up to 99,I am new here....looking for some experience,i am buy from 9681
I didn't say that... But, as commented here, there's no USD up going on right now. Gotta check behaviour at key 9620-9600 area for now....

Big winner is being EG... I got some nice 50 pips in EJ this morning, so I'm giving it a time to GU
  • #9,185
  • Mar 27, 2007 4:25am Mar 27, 2007 4:25am
Gee...whats that? morse code?
hahaha. Anyway demand and inflation up = booming economy right?
bah...
  • #9,186
  • Mar 27, 2007 4:26am Mar 27, 2007 4:26am
Quoting cesarnc
I didn't say that... But, as commented here, there's no USD up going on right now. Gotta check behaviour at key 9620-9600 area for now....

Big winner is being EG... I got some nice 50 pips in EJ this morning, so I'm giving it a time to GU
EG is in a nice point to short, imo... But I'm not used to this pair, so I'm out of it.
  • #9,187
  • Mar 27, 2007 4:28am Mar 27, 2007 4:28am
Quoting jest1081
Gee...whats that? morse code?
hahaha. Anyway demand and inflation up = booming economy right?
bah...
Truck full of speculation in GJ, too... super 70 pips down the hole quickly
  • #9,188
  • Mar 27, 2007 4:38am Mar 27, 2007 4:38am
It appears comments from BOE's King has been the catalyst for [GBP LOSSES]. Again, much of the negative flows versus the Pound have been in favour of the Euro, the latter being further buoyed by the IFO boom and Pianalto. We reiterate, however, that support points come in just below, i.e. the 1.9580/00 and 0.6800/10 areas. We suggest that these points could attract decent size Gbp bidding interest and do not see too much in the BOE's speakers" comments for bulls to become overly concerned with. Note stops are in place on a break below
  • #9,189
  • Mar 27, 2007 4:42am Mar 27, 2007 4:42am
Quoting cesarnc
It appears comments from BOE's King has been the catalyst for [GBP LOSSES]. Again, much of the negative flows versus the Pound have been in favour of the Euro, the latter being further buoyed by the IFO boom and Pianalto. We reiterate, however, that support points come in just below, i.e. the 1.9580/00 and 0.6800/10 areas. We suggest that these points could attract decent size Gbp bidding interest and do not see too much in the BOE's speakers" comments for bulls to become overly concerned with. Note stops are in place on a break below
Are you bullish and looking for 9850? May i know what's your stand now? I presume you are quoting those from a source.
Still waters run deep
  • #9,190
  • Mar 27, 2007 4:45am Mar 27, 2007 4:45am
Quoting barak
Are you bullish and looking for 9850? May i know what's your stand now? I presume you are quoting those from a source.
Comments I receive in my system....

9580/00 said to area to of dip buyers, although 9620 has held so far... You can be bullish within a downwards move
  • #9,191
  • Mar 27, 2007 4:51am Mar 27, 2007 4:51am
Quoting cesarnc
Comments I receive in my system....

9580/00 said to area to of dip buyers, although 9620 has held so far... You can be bullish within a downwards move
Perhaps not, not expecting a drawdown of 200 pips, then reversing decisions.

Probably at 9350 i will be bullish while few guys remain bearish and start loading up on shorts at every 5 minutes of strength. We just have to trust our systems don't we.
Still waters run deep
  • #9,192
  • Mar 27, 2007 5:01am Mar 27, 2007 5:01am
It looks like the GBP/USD is starting to firm up a bit (to me), so I just entered long at 1.9645
  • #9,193
  • Mar 27, 2007 5:03am Mar 27, 2007 5:03am
Quoting barak
Perhaps not, not expecting a drawdown of 200 pips, then reversing decisions.

Probably at 9350 i will be bullish while few guys remain bearish and start loading up on shorts at every 5 minutes of strength. We just have to trust our systems don't we.
I don't bring up trend reversals that easily.

I check the whole board to trade. Unless USD starts rising, I'm staying GU bullish, although we may not have 97s for the day with this correction.

Cable is still trading above 23% from big up move. Breach of 9571 would bring double top concerns to me, although there are strong fibos below to hold it bullish.

Carries are also biased up for days.
  • #9,194
  • Mar 27, 2007 5:13am Mar 27, 2007 5:13am
Cable didn't re-test 1.9720 again before dropping this far. Is it just building power to deal a punch on 9720 again from below or already dropping from 9700s for good? Hmm..
Tra-X
  • #9,195
  • Mar 27, 2007 5:18am Mar 27, 2007 5:18am
Quoting Traex
Cable didn't re-test 1.9720 again before dropping this far. Is it just building power to deal a punch on 9720 again from below or already dropping from 9700s for good? Hmm..
Double tops confirm in the breach of the bottom, that is 9571. Theory, actually.
  • #9,196
  • Mar 27, 2007 5:48am Mar 27, 2007 5:48am
Quoting cesarnc
I don't bring up trend reversals that easily.

I check the whole board to trade. Unless USD starts rising, I'm staying GU bullish, although we may not have 97s for the day with this correction.

Cable is still trading above 23% from big up move. Breach of 9571 would bring double top concerns to me, although there are strong fibos below to hold it bullish.

Carries are also biased up for days.
Only wanted to check if you are GU bull. Thanks, Got my reply and seen your opinion. Don't take it as a challenge. You are not trading my account, hence we are cool. I will keep my low profile from now, cheers.

Still waters run deep
  • #9,197
  • Mar 27, 2007 5:55am Mar 27, 2007 5:55am
Quoting Traex
Cable didn't re-test 1.9720 again before dropping this far. Is it just building power to deal a punch on 9720 again from below or already dropping from 9700s for good? Hmm..
The failure just after the London Open to follow on up set up a nice short, down to the 5:30 low, which was only 8 pips under the 5:05 low. Now at 6:43 its just turned at 9626, so IŽm flat for now. CableŽand GBPJPY have been moving together again and ignoring the Euro which has been flat just above 3340 for over 4 hours.

GBPJPY retraced all of yesterdays rise, with cable only managing about 65% of its rise. Guess weŽll wait now to see what NY brings - and Consumer Confidence at 10 EDT
Trading Levels with WRBs
  • #9,198
  • Mar 27, 2007 6:01am Mar 27, 2007 6:01am
Market is saying it loves to go there ,this wat i m reading...............anyone see the same


Shivaji
Attached Image
"Trade for sake of trading & not for winning or Lossing"
  • #9,199
  • Mar 27, 2007 6:07am Mar 27, 2007 6:07am
Quoting HonaForex
Market is saying it loves to go there ,this wat i m reading...............anyone see the same


Shivaji
I was expecting to see those levels yesterday since this area is technically a heavy support area. Expected USD-positive news to provide the prop.... Then a bounce up strongly fuelled by dip buyers...

BUT

USD news came out negative. Let's wait for today, though
  • #9,200
  • Mar 27, 2007 6:23am Mar 27, 2007 6:23am
Quoting cesarnc
I was expecting to see those levels yesterday since this area is technically a heavy support area. Expected USD-positive news to provide the prop.... Then a bounce up strongly fuelled by dip buyers...

BUT

USD news came out negative. Let's wait for today, though
What you said came true, cesarnc. Having too many pointers on that level yesterday made cable 'betraying' from going there.
Tra-X
438 traders viewing now