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Cable Update (GBPUSD)

  • #157,361
  • Aug 12, 2009 11:09am Aug 12, 2009 11:09am
Quoting allserene
Reminds me of the guy who went to live in Belfast and said it was all a media thing and really it was quite safe.

When asked what he did for a living, he said he was a rear gunner in a bread van
Yeah, uk specially london is a handful, and has nothing 2 do with the media, it's really scarey some times, and it's this crap youth culture that is tearing britain appart, good hard working people, doctors, lawyers etc get killed by ugly teenagers just for fun, mot to mention all the countless cases of mugging and raping.
  • #157,362
  • Aug 12, 2009 11:14am Aug 12, 2009 11:14am
Quoting skerdi-meta
Yeah, uk specially london is a handful, and has nothing 2 do with the media, it's really scarey some times, and it's this crap youth culture that is tearing britain appart, good hard working people, doctors, lawyers etc get killed by ugly teenagers just for fun, mot to mention all the countless cases of mugging and raping.
sorry, does anyone know where the Cable trading thread is?

come on Bernanke, give us something of merit to talk about, rather than Britain's hardest town and an inane discussion about the country's social problems....
  • #157,363
  • Aug 12, 2009 11:17am Aug 12, 2009 11:17am
Granted, from what I have experienced here in the US, is a whole lot more hospitality than anywhere else in the world I have been too. I take it down to the many Downs USA has had due to the Gov's stupid plans to try and rule the world (One World Government) and put its economy at risk to get a job done. So of course, US peeps have nothing but to help each other, cos the Gov aint gonna bloody do it. Take New Orleans the poor sods, they're still waiting to be helped. Bush reneged on a promise yet again. And Omaba don't seem to give a toss either.


But the English are more reserved. They only protect their closest ones.
Others come second before family.

But they are nice.

Quoting skerdi-meta
Plus the rest.
You see the kindness off the english? They don't @ least try 2 learn from andvice. I am out already man. I love the country, only if people were just a bit nicer and more educated would be great
PM Me If You Need Help!
  • #157,364
  • Aug 12, 2009 11:19am Aug 12, 2009 11:19am
Cashed in soft hedge, closed all trades @ 5 lots...200 pips...

Enjoy the rest of your day!

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #157,365
  • Aug 12, 2009 11:19am Aug 12, 2009 11:19am
Quoting gammase1
sorry, does anyone know where the Cable trading thread is?

come on Bernanke, give us something of merit to talk about, rather than Britain's hardest town and an inane discussion about the country's social problems....
hey paul
Thank You
  • #157,366
  • Aug 12, 2009 11:20am Aug 12, 2009 11:20am
Quoting gammase1
sorry, does anyone know where the Cable trading thread is?

come on Bernanke, give us something of merit to talk about, rather than Britain's hardest town and an inane discussion about the country's social problems....

hahhaaa, yeah man, but nothing was happening so we had to kill time, sorry dude
  • #157,367
  • Aug 12, 2009 11:22am Aug 12, 2009 11:22am
Quoting wormboy
hey paul
Hey Azim,

well, it's mildly dollar positive so far, with equities trimming some gains, but far too soon for my liking to take a position in cable or eurusd.

How you doing?
  • #157,368
  • Aug 12, 2009 11:24am Aug 12, 2009 11:24am
yes now we can talk money

I yielded to temptation and put a small long on

As soon as I saw the first move was not a feint, I reversed it so I am up some

It gets hairy from now
  • #157,369
  • Aug 12, 2009 11:28am Aug 12, 2009 11:28am
Quoting pakitrader
4hrs 2nd time below 23 retracement line also data is coming

i still believe market will drop one more time before getting up bias.

DONE BY THE MARKET
  • #157,370
  • Aug 12, 2009 11:29am Aug 12, 2009 11:29am
That is one big candle on the 15 min, I'm wondering if that will fade or carry on down?
  • #157,371
  • Aug 12, 2009 11:31am Aug 12, 2009 11:31am
Quoting gammase1
Hey Azim,

well, it's mildly dollar positive so far, with equities trimming some gains, but far too soon for my liking to take a position in cable or eurusd.

How you doing?
Doing good bro, was flat earlier but took short on the dragon about an hour ago.
Yup saw the usdlfx on H1 producing a reversal pattern earlier for that dollar strength you mentioned, crap look at it go now.
I think a close below 6380 would be good for cable short, else we'll be looking at another range session.
Attached Image (click to enlarge)
Click to Enlarge Name: usdlfx.JPG Size: 59 KB
Thank You
  • #157,372
  • Aug 12, 2009 11:31am Aug 12, 2009 11:31am
Hope you guys banked some nice pips on this plummet! I'm out with almost 100 pips!
  • #157,373
  • Aug 12, 2009 11:31am Aug 12, 2009 11:31am
For S&G, taking another ride on the soft hedge trail...Still favoring long on G and short on E...

Fingers x for same results, 2 lots on each

Long GU, Short Eu, Long GJ, short EJ....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #157,374
  • Aug 12, 2009 11:32am Aug 12, 2009 11:32am
can someone explain to me why the feds keeping the rates unchanged made the cable drop and the u.s dollar rally?
  • #157,375
  • Aug 12, 2009 11:33am Aug 12, 2009 11:33am
Quoting hel13rock
That is one big candle on the 15 min, I'm wondering if that will fade or carry on down?
got my stop losses just above 6500 so I am fireproof for losses

I expect it to lash though so I am not counting any chickens

Hopeful of a big drop if the DOW goes down soon - now at 101 up which is not convincing for longs yet
  • #157,376
  • Aug 12, 2009 11:33am Aug 12, 2009 11:33am
Lets see when cable enters danger zone i already said it was bull trap and huge drop after data.
  • #157,377
  • Aug 12, 2009 11:35am Aug 12, 2009 11:35am
Quoting alex1976
can someone explain to me why the feds keeping the rates unchanged made the cable drop and the u.s dollar rally?
Because the Fed anticipate that the QE purchase of treasuries will be winding down and probably completed by October.

QE = creating new reserves (printing money) for purchases of assets in order to increase the quantity of money (thus reducing the price of money) in the economy.
  • #157,378
  • Aug 12, 2009 11:36am Aug 12, 2009 11:36am
Quoting alex1976
can someone explain to me why the feds keeping the rates unchanged made the cable drop and the u.s dollar rally?

the reason cable dropped bcoz rates unchanged shows consistency in the policy hence it give confidence to investors amid stronger dollar.
  • #157,379
  • Aug 12, 2009 11:37am Aug 12, 2009 11:37am
Quoting allserene
got my stop losses just above 6500 so I am fireproof for losses

I expect it to lash though so I am not counting any chickens

Hopeful of a big drop if the DOW goes down soon - now at 101 up which is not convincing for longs yet
I got in long at 1.6437 for a small position, as somebody else mentioned the news wasn't so fantastic for usd.

I'll be happy to take a small profit but I think it could go back up more.
  • #157,380
  • Aug 12, 2009 11:38am Aug 12, 2009 11:38am
Lets see 6380 support intact or broken by the big boys
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