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Cable Update (GBPUSD)

  • #166,261
  • Sep 16, 2009 10:24am Sep 16, 2009 10:24am
Waiting for the big drop now
  • #166,262
  • Sep 16, 2009 10:26am Sep 16, 2009 10:26am
Quoting albchr
Booked some EJ at 133.50. Sl now +8

LOL backed my stop off to 133.71 to give it more room. It got hit to the pip and then away she runs...LOL
Ghost Rider - WWTBMD?
  • #166,263
  • Sep 16, 2009 10:26am Sep 16, 2009 10:26am
Quoting Pyramus
Waiting for the big drop now
Are you so short that you could stand up in a 1 inch puddle of water and drown?
  • #166,264
  • Sep 16, 2009 10:26am Sep 16, 2009 10:26am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hey GM,

If fed were to raise IR. What would be the consequences. Other currencies , sell. If not, should they resume their normal course and go for long??

Something for the think - tanks

Don't know what the hell happens to this market sometimes. It's always a challenge that's the reason it attracts.



Quoting GlobalMacro
The 2-year up.
Think Tank says some FOMC members want to raise rates.
  • #166,265
  • Sep 16, 2009 10:27am Sep 16, 2009 10:27am
When you see HUNDRED MILLION dollar trades move the price 50-100 pips in a minute or two, you can bet who ever made the effort wants the price to stay just where it is.

I would be surprised if it went much lower at this point.
  • #166,266
  • Sep 16, 2009 10:28am Sep 16, 2009 10:28am
Hold my short as there was no way for real up trend.

GBP sucks
YEN strong as hell
Candle volume fucking big
Gbp/Usd didn't move
Eur/Jpy down again right now

right now it seems just a spike and I'm not gonna lose against those tricky mofos.
"Hate the sin, love the sinner." - Gandhi
  • #166,267
  • Sep 16, 2009 10:33am Sep 16, 2009 10:33am
Well I'm flat right now and staying that way. Not liking the way my platform keeps bouncing in and out of connection here. Weird?

I'll go check my router but I don't think it's at this end.
Ghost Rider - WWTBMD?
  • #166,268
  • Sep 16, 2009 10:34am Sep 16, 2009 10:34am
Quoting TheGabriel
Hold my short as there was no way for real up trend.

GBP sucks
YEN strong as hell
Candle volume fucking big
Gbp/Usd didn't move
Eur/Jpy down again right now

right now it seems just a spike and I'm not gonna lose against those tricky mofos.
That damn J/U just killed me. 2 shorts I have on J/U got S/L...not a good night at all. WTF, over 100 pips increased.
  • #166,269
  • Sep 16, 2009 10:36am Sep 16, 2009 10:36am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Yup, How can one make sure they stay where they were without buying the dollar, eh!!

No one in fed can make this statement without having proper consultation. Specially senior members.They can lose jobs over it. So yes, it seems you are right in analysis.

Dollar shorting back on the cards it seems.



Quoting PipVip
When you see HUNDRED MILLION dollar trades move the price 50-100 pips in a minute or two, you can bet who ever made the effort wants the price to stay just where it is.

I would be surprised if it went much lower at this point.
  • #166,270
  • Sep 16, 2009 10:36am Sep 16, 2009 10:36am
Quoting TheGabriel
Hold my short as there was no way for real up trend.

GBP sucks
YEN strong as hell
Candle volume fucking big
Gbp/Usd didn't move
Eur/Jpy down again right now

right now it seems just a spike and I'm not gonna lose against those tricky mofos.
E/J and G/J look about same on 1 hour
  • #166,271
  • Sep 16, 2009 10:39am Sep 16, 2009 10:39am
Quoting Fly2
Are you so short that you could stand up in a 1 inch puddle of water and drown?
I just started to short been bull all Day closed all my longs now turned bear
  • #166,272
  • Sep 16, 2009 10:41am Sep 16, 2009 10:41am
Just watching this poor little hammer forming all own it's own on the 1Hr GBP/JPY.

Stubborn little Sh*t isn't it? Lets see if we fall back below 150. Moved the Sl to BE 15050 on that cheeky Short trade chucked in on the spike.
  • #166,273
  • Sep 16, 2009 10:42am Sep 16, 2009 10:42am
Quoting albchr
Well I'm flat right now and staying that way. Not liking the way my platform keeps bouncing in and out of connection here. Weird?

I'll go check my router but I don't think it's at this end.
I guess this is it for me tonight....too confusing, and 3 majors are in unity bouncing up and down in the same zone. Good night everyone, and trades safely

When in doubt...
  • #166,274
  • Sep 16, 2009 10:45am Sep 16, 2009 10:45am
Usdjpy recovering and Cable down again, seems the dollar is getting some strength. To be honest I still think Yen is much stronger than USD.
"Hate the sin, love the sinner." - Gandhi
  • #166,275
  • Sep 16, 2009 10:45am Sep 16, 2009 10:45am
Quoting Pyramus
I just started to short been bull all Day closed all my longs now turned bear
Good Luck/I'm gonna let my positions run.Hopefully get to where I want to be
soon enough! If not, sl in place and will jump right back in the water .Break time for me!
  • #166,276
  • Sep 16, 2009 10:48am Sep 16, 2009 10:48am
Quoting direct-trade
Just watching this poor little hammer forming all own it's own on the 1Hr GBP/JPY.

Stubborn little Sh*t isn't it? Lets see if we fall back below 150. Moved the Sl to BE 15050 on that cheeky Short trade chucked in on the spike.
What you say about pound buddy ?
  • #166,277
  • Sep 16, 2009 10:51am Sep 16, 2009 10:51am
Quoting fx local
hey nav, how are you? see that you have gone full time,

enjoying the highs and lows!? its tough start but the best life if u can make trust me!
I KNOW BRO! once i get a bit consistant i looking to put 10k in and hopefully all this can pay off! ....slow and steady, bit like cable, i see this mofo went back up....the blasted thing
  • #166,278
  • Sep 16, 2009 10:54am Sep 16, 2009 10:54am
Build your positions -slowly-
Just one nibble at a time.
  • #166,279
  • Sep 16, 2009 10:54am Sep 16, 2009 10:54am
Quoting ams
Hey GM,

If fed were to raise IR. What would be the consequences. Other currencies , sell. If not, should they resume their normal course and go for long??

Something for the think - tanks

Don't know what the hell happens to this market sometimes. It's always a challenge that's the reason it attracts.
Hi ams,

yes a challenge it is indeed...lol

A rate rise at next week's meeting? I don't know. Maybe they're trying to prepare the people for future IR hikes from zero.
At the same time they're announcing buying short-term treasuries outright today....

But still USD negative carry is intact, until that's corrected, It's probably sell dollars for now...

30yr TBonds : 120.38 -0.2% was earlier
120.72 +0.1% a few moments ago

yields:
30yr 4.25
10yr 3.42
Hear the music before the song is over ...
  • #166,280
  • Sep 16, 2009 10:57am Sep 16, 2009 10:57am
Well that was an interesting, fun and profitable 12 hours of trading...
Ghost Rider - WWTBMD?
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