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Cable Update (GBPUSD)

  • #176,621
  • Oct 15, 2009 6:00am Oct 15, 2009 6:00am
Quoting wormboy
lol, talk about couple of straight losses .. I'm on a roll this week
Must be GM and his girlie pictures that had caused this erection.
GM, I hate you
Oh no I almost pissed myself.
You've got to be IN IT to WIN IT!
  • #176,622
  • Oct 15, 2009 6:01am Oct 15, 2009 6:01am
Good job! Keep on shorting pal, cuz i want to buy it

Quoting Pak Tiger
I believe in striking Cable while its hot!
  • #176,623
  • Oct 15, 2009 6:03am Oct 15, 2009 6:03am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Market is going crazy!!

Even if BOE stops QE, it's still not before the next month and that wouldn't mean that bank is rising IR. Even if they do, pound was 1:2 for dollar at peak.

All this is temp short sqeeze as Paul rightly said.



Quoting Ifty
Just heard on BLOOMBERG that the BOE is going to pause asset purchase program starting next month. That seems to be the reason behind the jump in GU.
  • #176,624
  • Oct 15, 2009 6:04am Oct 15, 2009 6:04am
Quoting Ifty
Oh no I almost pissed myself.
Thank You
  • #176,625
  • Oct 15, 2009 6:05am Oct 15, 2009 6:05am
well...stop with the squeeze already!!

I'm ready for some more short profits....
  • #176,626
  • Oct 15, 2009 6:09am Oct 15, 2009 6:09am
Quoting Bull_Bear
Ok Dragon TP hit...

2 x 132 = 264 pips

and its reversed to the side too at:

144.50... SL.. 146.70... TP open
Thats my hatrick (3 loses in a row)

stopped out

2 x 220 = - 440pips...

I done for taday
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #176,627
  • Oct 15, 2009 6:09am Oct 15, 2009 6:09am
Good MAE Everyone...

OK, After a very long night of extremely close examination and study, I've concluded that I pressed the wrong buttons in trading.....





......and the rights ones everywhere else..... .....


NEXT!!!
Ghost Rider - WWTBMD?
  • #176,628
  • Oct 15, 2009 6:10am Oct 15, 2009 6:10am
Óuch i missed it But just jumped on the train and got 20 pips GBP seems much more fun than ERU/USD where i lost big time
  • #176,629
  • Oct 15, 2009 6:10am Oct 15, 2009 6:10am
Quoting BearPaw
well...stop with the squeeze already!!

I'm ready for some more short profits....
watch the dollar break 75.55 topside & you're in for a treat
Thank You
  • #176,630
  • Oct 15, 2009 6:10am Oct 15, 2009 6:10am
Quoting BearPaw
well...stop with the squeeze already!!

I'm ready for some more short profits....
This short squeeze is halarious...intresting to see many switching to long very quickly...as planned and designed...longs are in for a very nasty surprise IMHO....but Shorts being collected around this 16285-164 area may need to be squeezed also...depends how ruthless the "top catcher" want's to be. Sitting back enjoying the ride and watching my position underwater -70 ATM...bless.
  • #176,631
  • Oct 15, 2009 6:12am Oct 15, 2009 6:12am
Quoting nAVIN2007
hi Paul ..short squeeze means, killing the short positions and then contination of trend.? sorry to ask stupid questions.

Do u think we are witnessing a trend change, the weekly now is vey bullish and if it closes as high as this is see no 1.53, it might actually just keep rising ..whats yur interpretation what the hell is happening
Who really knows, Navin? Sorry to sound vague, mate.

Fundamentally, I remain bearish on sterling, but that doesn't mean we won't go higher in either the short or long term. A classic short squeeze does often mean a resumption in the broader trend following the break higher/market shake out, but that offers no guarantees whatsoever in this instance. Let's see if price retraces in a meaningful way as today progresses, which will offer us clues as to whether shorts may be worth a try, although that doesn't look likely right now. But let the price action guide us, Navin.

A close in the daily above the neckline would open the way for a greater probability of more buying, I think, as we'll have an incredibly bullish candle, one that has conslusively taken out and closed above the high for October, thereby breaking the recent trading range.
  • #176,632
  • Oct 15, 2009 6:12am Oct 15, 2009 6:12am
Quoting Bull_Bear
Thats my hatrick (3 loses in a row)

stopped out

2 x 220 = - 440pips...

I done for taday
sorry about the loss bb.
couple of beers ought to do the trick
Thank You
  • #176,633
  • Oct 15, 2009 6:13am Oct 15, 2009 6:13am
just hit r5 on my chart... Its time to dive..
  • #176,634
  • Oct 15, 2009 6:13am Oct 15, 2009 6:13am
i see short possibilities @ 1.6380 area
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Click to Enlarge Name: GBP_USD Spot.png Size: 15 KB
  • #176,635
  • Oct 15, 2009 6:14am Oct 15, 2009 6:14am
Quoting Bull_Bear
Thats my hatrick (3 loses in a row)

stopped out

2 x 220 = - 440pips...

I done for taday
Sorry to hear that bro. I am sure you will make it all back. If anyone can YOU can.
You've got to be IN IT to WIN IT!
  • #176,636
  • Oct 15, 2009 6:14am Oct 15, 2009 6:14am
Quoting albchr
Good MAE Everyone...

OK, After a very long night of extremely close examination and study, I've concluded that I pressed the wrong buttons in trading.....





......and the rights ones everywhere else..... .....


NEXT!!!
So am I

Where is the top
Addicted to FX
  • #176,637
  • Oct 15, 2009 6:15am Oct 15, 2009 6:15am
I wonder how big the spike down is going to be! I made some good money on this move. Wont risk loosing any of it on the way down. But will be watching.
  • #176,638
  • Oct 15, 2009 6:16am Oct 15, 2009 6:16am
here comes the dollar ..
Thank You
  • #176,639
  • Oct 15, 2009 6:17am Oct 15, 2009 6:17am
open orders have changed a bit from this morning, now looks nearly to 50/50.http://img162.imageshack.us/img162/4853/5050.jpg
  • #176,640
  • Oct 15, 2009 6:18am Oct 15, 2009 6:18am
Quoting wormboy
lol, talk about couple of straight losses .. I'm on a roll this week
Must be GM and his girlie pictures that had caused this erection.
GM, I hate you


Hey Sport,

I was starting to wonder where you were...

I've just the right tranquilizer for you....NATURAL one...

Check this out!

Be Easy.........Aha,Aha!

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