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Cable Update (GBPUSD)

  • #10,341
  • Apr 13, 2007 7:04am Apr 13, 2007 7:04am
Hi all

Do anyone thinking about short after US News

If dollar number come negative ... cable will jump 50 pips then fall down hardly

or if the US news Come positive ... Cable will fall hardly ...

is it short
  • #10,342
  • Apr 13, 2007 7:07am Apr 13, 2007 7:07am
morning all,

closed all long euro and gbp positions earlier this am. currently waiting till 830am news before entering again.

cesar, looks like that 99 dream might come true for some, at least this time, there is momentum to actually make it happen, so I'm not too much against it.

waiting for a short for both euro and gbp, I think both need moderate correction before they keep going much higher, but we'll see what happens.
  • #10,343
  • Apr 13, 2007 7:15am Apr 13, 2007 7:15am
Quoting leelee75k
morning all,

closed all long euro and gbp positions earlier this am. currently waiting till 830am news before entering again.

cesar, looks like that 99 dream might come true for some, at least this time, there is momentum to actually make it happen, so I'm not too much against it.

waiting for a short for both euro and gbp, I think both need moderate correction before they keep going much higher, but we'll see what happens.

leelee:

Forex Factory has not posted the results of the most recent
US news. Do you know what these are?

Thanks
  • #10,344
  • Apr 13, 2007 7:19am Apr 13, 2007 7:19am
not yet, it's 8:18am eastern time right now, news should be released at 8:30. If I can post fast enough I'll post it here, also depends if I'm trading or not too
  • #10,345
  • Apr 13, 2007 7:24am Apr 13, 2007 7:24am
Looked like a quick take profit sell off before re-entering prior to news for another long hike...
  • #10,346
  • Apr 13, 2007 7:47am Apr 13, 2007 7:47am
Cooked or not, came out slightly USD positive...

Cable is left on its own bias up now... Have no idea what's gonna happen next
  • #10,347
  • Apr 13, 2007 7:48am Apr 13, 2007 7:48am
Finally I closed the long 1.9783 @ 1.9880 (+92 pips) just before the news
and took a short position @ 1.9876 SL 1.9915 TP 1.9825
  • #10,348
  • Apr 13, 2007 7:49am Apr 13, 2007 7:49am
Quoting deboooo2005
Hi all

Do anyone thinking about short after US News

If dollar number come negative ... cable will jump 50 pips then fall down hardly

or if the US news Come positive ... Cable will fall hardly ...

is it short

Falling Down .... Consumer Sentiment always comes good
  • #10,349
  • Apr 13, 2007 7:50am Apr 13, 2007 7:50am
I think that somehow the level 900 is still in play here,... i'l wait
  • #10,350
  • Apr 13, 2007 7:52am Apr 13, 2007 7:52am
i closed all my longs
and now shorted on g/u and e/u
SPEED SPEED SPEED
  • #10,351
  • Apr 13, 2007 7:54am Apr 13, 2007 7:54am
Momentum Funds said to be going after EUR 3550 / 3600 and above...
  • #10,352
  • Apr 13, 2007 8:06am Apr 13, 2007 8:06am
Will the upcoming consumer sentiment be the same anti-climax as half an hour ago or should we expect some real price action?
  • #10,353
  • Apr 13, 2007 8:06am Apr 13, 2007 8:06am
I'm either chicken or very patient :

sigh...............

setting price alerts and going to go do something else around the house for a little bit.
  • #10,354
  • Apr 13, 2007 8:14am Apr 13, 2007 8:14am
Quoting leelee75k
I'm either chicken or very patient :

sigh...............

setting price alerts and going to go do something else around the house for a little bit.
Or Smart for waiting to see whats up me too
  • #10,355
  • Apr 13, 2007 8:28am Apr 13, 2007 8:28am
Quoting leelee75k
I'm either chicken or very patient :

sigh...............

setting price alerts and going to go do something else around the house for a little bit.
09:17 Even though its been quiet, we expect some turbulence in the next few hours
  • #10,356
  • Apr 13, 2007 8:29am Apr 13, 2007 8:29am
Quoting positivepips
Or Smart for waiting to see whats up me too
Waiting to see WHEN is up… might be more appropriate :
NON NOBIS DOMINE NON NOBIS, SED NOMINI TUO DA GLORIAM!
  • #10,357
  • Apr 13, 2007 8:39am Apr 13, 2007 8:39am
Quoting Profiler
Waiting to see WHEN is up… might be more appropriate :
"When is up...." -----10:01 would be my guess!

http://www.forexfactory.com/images/icons/icon12.gif
Trading Levels with WRBs
  • #10,358
  • Apr 13, 2007 8:49am Apr 13, 2007 8:49am
Quoting pino2
Finally I closed the long 1.9783 @ 1.9880 (+92 pips) just before the news
and took a short position @ 1.9876 SL 1.9915 TP 1.9825
I closed the short position @ 1.9858 (+17 pips) since I was totally afraid from any unexpected actions, specially today is friday and I don't like holding positions over the weekends
  • #10,359
  • Apr 13, 2007 9:05am Apr 13, 2007 9:05am
shorted cable at 1.9866, cus sent not so bad after all, tehnically there should be some corection before 1.9900
  • #10,360
  • Apr 13, 2007 9:08am Apr 13, 2007 9:08am
Well, I exited short as well for a small gain .. it's a bit scary to see this strong up trend http://www.forexfactory.com/images/icons/icon7.gif
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