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Cable Update (GBPUSD)

  • #11,101
  • Apr 24, 2007 12:20am Apr 24, 2007 12:20am
Quoting dd33
Wow.. looks like a great day for u forexnovice.. with profits n GU and GJ. Nice trading.
Still recovering last week's losses....all thanks 2 the 78.6 fibo
  • #11,102
  • Apr 24, 2007 1:44am Apr 24, 2007 1:44am
  •  bart
  • | Joined Apr 2007 | Status: I want to be a nacho man... | 18 Posts
Quoting cesarnc
2 were 0000 / 9990 placed by Tokyo start and already triggered

Next one to go is 9952(+spread) - 78% fib 9902/0131.

Below 9952 I'll have to regroup and repositon. Below 9902 I'm in deep sh%$¨$%

However, My positions are long GU, GJ and UJ. So incase cable drops due to a USD buyout, my UJ will hedge the loss. My risk is only on further carry trades selloffs.

Hi cesar, please why 9902?

Thanks
  • #11,103
  • Apr 24, 2007 1:50am Apr 24, 2007 1:50am
Looks like we are having a strong support on .9950. 2nd attempt already. Will it hold the 3rd one?
  • #11,104
  • Apr 24, 2007 1:53am Apr 24, 2007 1:53am
in the long run, cable is still bullish.
BAM BAM BOOM! -bravado
  • #11,105
  • Apr 24, 2007 1:53am Apr 24, 2007 1:53am
Quoting bart
Hi cesar, please why 9902?

Thanks
It's 1.9781 (13 Apr low) to 2.0131 high for me. Now it's stuck at 50% retracement. Go go up again!
Tra-X
  • #11,106
  • Apr 24, 2007 2:09am Apr 24, 2007 2:09am
after lunch boredom
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 49 KB
  • #11,107
  • Apr 24, 2007 2:10am Apr 24, 2007 2:10am
Quoting bravado
in the long run, cable is still bullish.
What if cable breaks through .9950??
  • #11,108
  • Apr 24, 2007 2:12am Apr 24, 2007 2:12am
Looking to the trend it is coming down

Quoting Traex
It's 1.9781 (13 Apr low) to 2.0131 high for me. Now it's stuck at 50% retracement. Go go up again!
  • #11,109
  • Apr 24, 2007 2:31am Apr 24, 2007 2:31am
DJ MARKET TALK: Talk Of Cable Stops Below 1.9950 - Trader

Tue Apr 24 03:21:20 2007
EDT

0721 GMT [Dow Jones] Trader hearing talk that the cable stops noted just
below 1.9950 Monday are still in place. Cable based around 1.9973 yesterday and
the low so far Tuesday has been 1.9957.
Tra-X
  • #11,110
  • Apr 24, 2007 2:33am Apr 24, 2007 2:33am
Quoting Traex
DJ MARKET TALK: Talk Of Cable Stops Below 1.9950 - Trader

Tue Apr 24 03:21:20 2007
EDT

0721 GMT [Dow Jones] Trader hearing talk that the cable stops noted just
below 1.9950 Monday are still in place. Cable based around 1.9973 yesterday and
the low so far Tuesday has been 1.9957.
can elaborate what it means? stops as in selling or buy stop?
  • #11,111
  • Apr 24, 2007 2:35am Apr 24, 2007 2:35am
Quoting jest1081
can elaborate what it means? stops as in selling or buy stop?
Buy stops at above market price? It's impossible. Stops must be on the sell side.

Edit: I meant 'at BELOW market price'. Below market they should be limits.
Tra-X
  • #11,112
  • Apr 24, 2007 2:38am Apr 24, 2007 2:38am
Quoting Traex
Buy stops at above market price? It's impossible. Stops must be on the sell side.
oh heck yeah what was i thinking....crap...too much prawns
  • #11,113
  • Apr 24, 2007 2:40am Apr 24, 2007 2:40am
Quoting Traex
DJ MARKET TALK: Talk Of Cable Stops Below 1.9950 - Trader

Tue Apr 24 03:21:20 2007
EDT

0721 GMT [Dow Jones] Trader hearing talk that the cable stops noted just
below 1.9950 Monday are still in place. Cable based around 1.9973 yesterday and
the low so far Tuesday has been 1.9957.
So, is the rumour that strong resistance at 9550 will aid a bullish move if GBP fundamentals are OK?
  • #11,114
  • Apr 24, 2007 2:42am Apr 24, 2007 2:42am
Quoting dd33
What if cable breaks through .9950??
go with your own analysis. that's the bestest.

then try to make some sense out of the result there after.
BAM BAM BOOM! -bravado
  • #11,115
  • Apr 24, 2007 2:47am Apr 24, 2007 2:47am
It goes any lower than 9950 and I am toast....
  • #11,116
  • Apr 24, 2007 3:15am Apr 24, 2007 3:15am
Whyohwhy, wont you please give us more information on your long term trades. If I remember correctly you said earlier you have trades that you keep in the market for months. Did I understand you correct?

Also, what do you expect to happen with the cable in the next few months? I have read some analysts talking about that magical 2.4400 level again. Are you in agreement?
  • #11,117
  • Apr 24, 2007 3:30am Apr 24, 2007 3:30am
MPC hearings atm.. will it be good??
  • #11,118
  • Apr 24, 2007 3:32am Apr 24, 2007 3:32am
It is time to see the end of correction in next week time. Cable has some more room to go down.
It is not necessary to see 1.9850/60 levels.
Support will be met @ 1.9955/60; @ 1.9933; @ 1.9890/9900 and @ 1.9850/60.

Will add more longs at low levels.
That is just my view, go with your own analis.
Attached File(s)
File Type: doc Cable4-24-07.doc   61 KB | 464 downloads
It’s just emotions & money
  • #11,119
  • Apr 24, 2007 3:52am Apr 24, 2007 3:52am
Quoting Traex
It's 1.9781 (13 Apr low) to 2.0131 high for me. Now it's stuck at 50% retracement. Go go up again!
Nice fib Traex... The 9902-0131 fib levels also working at the pip... 9952 is 78% fib and further downwards means 9925/00 -> pre-CPI price.

Thinks it's time to go back up, too
  • #11,120
  • Apr 24, 2007 3:53am Apr 24, 2007 3:53am
I was looking at the calendar and some news forecast, tonight and wednesday might trigger further trend change if conditions are met and friday could infact be a kill day for the pound with a truckload of news coming out for the yen related pairs. Plus usually its a carry trade selloff day, im expecting some heavy movements...this week predominantly on the downside. Oh yeah the dow looks likely to top out as well...it might e quite the signal we are looking for.

regards
jest
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