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Cable Update (GBPUSD)

  • #158,661
  • Aug 18, 2009 6:38am Aug 18, 2009 6:38am
Quoting elixerripple
lol, yeah, wishful thinking won't make you money in fx
  • #158,662
  • Edited 6:55am Aug 18, 2009 6:44am | Edited 6:55am
Quoting skerdi-meta
He meant, that we put half a lot each and that makes 2.5 billion, would that move the market?
2.5 billion ??? How do you come up with that figure?

Assuming you mean half a mini-lot that would be GBP 5000 x 4800 = GBP 24'000'000 and doing it at the same time...that'd probably move it 5 or 10 pips but immediately the arbitrageurs would kick in and bring it back to where it was just prior to that trade.
Hear the music before the song is over ...
  • #158,663
  • Aug 18, 2009 6:44am Aug 18, 2009 6:44am
I'm short @6462... Where's my downtrend???!!!! lol
  • #158,664
  • Aug 18, 2009 6:46am Aug 18, 2009 6:46am
Quoting maurofx
I'm short @6462... Where's my downtrend???!!!! lol
Patience, should have waited for 1.6480 to hit..... still waiting for mine
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,665
  • Aug 18, 2009 6:48am Aug 18, 2009 6:48am
I hope indeed that 16490/16510 will hold. At the other hand cable only seems to want to go up. Not just today but for a while. And if it drops it recovers just as easy. Look at eur/usd its about 25 poimts form the days low. Cable however 130 points! Imho Cable is one of the most overvalued ccy pairs in the world, but somehow it doesn't really want to drop. Last week I thought 1.60, yesterday 161,50 and look where we are? Even gbp/yen retraced somewhat. Not cable! There must be some people around that seem to have big interest in keeping it up. Since the UK figs, which weren't that great neither, it just went up without the slightest retracement. Every 10/15 point dip seems to be bought all the time.
So am afraid, although I am still short, when US figs come out, being cooked of course with the s&p at this level, cable will fly thru 16510.
Anyone?
{Promotion Removed}
  • #158,666
  • Aug 18, 2009 6:50am Aug 18, 2009 6:50am
Quoting Bull_Bear
Patience, should have waited for 1.6480 to hit..... still waiting for mine
I thought 6470... then I put another 6480 standby to touch
Good luck
  • #158,667
  • Aug 18, 2009 6:51am Aug 18, 2009 6:51am
Quoting Bull_Bear
Patience, should have waited for 1.6480 to hit..... still waiting for mine
right...
  • #158,668
  • Aug 18, 2009 6:54am Aug 18, 2009 6:54am
Quoting okie
I thought 6470... then I put another 6480 standby to touch
Good luck
Remember you have a short term resistant @ 6470...
  • #158,669
  • Aug 18, 2009 6:55am Aug 18, 2009 6:55am
Quoting Bull_Bear
Patience, should have waited for 1.6480 to hit..... still waiting for mine
It is likely that the news will be slightly equtiy/cable positive. I shall short cable aftwer the news, as there mighr be a spike up
Make sure losses are small and profits are bigger!
  • #158,670
  • Edited 7:07am Aug 18, 2009 6:56am | Edited 7:07am
Quoting azibi
I hope indeed that 16490/16510 will hold. At the other hand cable only seems to want to go up. Not just today but for a while. And if it drops it recovers just as easy. Look at eur/usd its about 25 poimts form the days low. Cable however 130 points! Imho Cable is one of the most overvalued ccy pairs in the world, but somehow it doesn't really want to drop. Last week I thought 1.60, yesterday 161,50 and look where we are? Even gbp/yen retraced somewhat. Not cable! There must be some people around that seem to have big interest in keeping it up. Since...
My tolerance is 1.6510, don't be afraid, stick to your plan.... if you get it wrong well re-access for the next position.

Don't let your emotions control the trade.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,671
  • Aug 18, 2009 6:59am Aug 18, 2009 6:59am
it would b better to remain out before US session starts...
best of luck to all...
  • #158,672
  • Aug 18, 2009 7:00am Aug 18, 2009 7:00am
Quoting GlobalMacro
2.5 billion ??? How do you come up with that figure?

Assuming you mean half a mini-lot that would be GBP 5000 x 4800 = GBP 24'000'000 and doing it at the same time...that'd probably move it 5 or 10 pips but immediately the arbitrageurs would kick in and bring it back to where it was just prior to that trade.
Even all together we come to put same order, and even if NZ and Australia are in holliday, Computers of Hedge fund, banks and over are working. Forget about making a difference in tha market.
If you resist at heart attack, you will be rich from trading.
  • #158,673
  • Aug 18, 2009 7:02am Aug 18, 2009 7:02am
Quoting maurofx
Remember you have a short term resistant @ 6470...
Thanks for remind me... will close it before news
  • #158,674
  • Aug 18, 2009 7:03am Aug 18, 2009 7:03am
Quoting GlobalMacro
2.5 billion ??? How do you come up with that figure?

Assuming you mean half a mini-lot that would be GBP 5000 x 4800 = GBP 24'000'000 and doing it at the same time...that'd probably move it 5 or 10 pips but immediately the arbitrageurs would kick in and bring it back to where it was just prior to that trade.
no no, I meant half a lot, wwhich means around 2.5 bill,, now would that move the price down?
  • #158,675
  • Aug 18, 2009 7:04am Aug 18, 2009 7:04am
Quoting Bull_Bear
Patience, should have waited for 1.6480 to hit..... still waiting for mine
I took it at 6475 - also the fib 61.8 level - small size in front of the news - I'll add if it goes higher.....
Trading Levels with WRBs
  • #158,676
  • Edited 7:45am Aug 18, 2009 7:13am | Edited 7:45am
Quoting skerdi-meta
no no, I meant half a lot, wwhich means around 2.5 bill,, now would that move the price down?
I think he was referring to 4800 traders currently online on FF (who mostly don't use real lots).

Now if you mean half a REAL lot...that would probably collapse it for a second but if arbitrage type guys determine there's no fundamental basis behind that move that's just free lunch to them...they'd buy it right back up to where it was before.
Hear the music before the song is over ...
  • #158,677
  • Aug 18, 2009 7:14am Aug 18, 2009 7:14am
Quoting Islander
I'll add if it goes higher.....
Finally someone speaking my language...
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #158,678
  • Aug 18, 2009 7:27am Aug 18, 2009 7:27am
Quoting Bull_Bear
Finally someone speaking my language...
I'm still looking for that short order too buddy...
Ghost Rider - WWTBMD?
  • #158,679
  • Aug 18, 2009 7:28am Aug 18, 2009 7:28am
Quoting albchr
I'm still looking for that short order too buddy...
spanish?
  • #158,680
  • Aug 18, 2009 7:35am Aug 18, 2009 7:35am
Quoting albchr
I'm still looking for that short order too buddy...
hello dear!!
will you go for short now??
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