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Cable Update (GBPUSD)

  • #225,041
  • May 7, 2010 4:51am May 7, 2010 4:51am
Thats some sick swings going on here... 200pip 15min swings lol?

Crazy stuff makes the ftse look tame (excluding the sky-net take over yesterday on the DOW of course)

Market must be munching accounts all over
  • #225,042
  • May 7, 2010 4:52am May 7, 2010 4:52am
roooooooooooooom we are trading the news risky yes sweet yes no limte no bottom no top careful safe than sorry sl is a must
  • #225,043
  • May 7, 2010 4:53am May 7, 2010 4:53am
Looks like a once in a lifetime event.

Black Swan
I have no enemy; I make Incautiousness my Enemy.
  • #225,044
  • May 7, 2010 4:54am May 7, 2010 4:54am
looks like 1.4597 isn't finished yet...
but the volatility in cable is wicked... to be sure...

Here is a snapshot in H1...
Attached Image
Hear the music before the song is over ...
  • #225,045
  • May 7, 2010 4:54am May 7, 2010 4:54am
Quoting GlobalMacro
great bro how are you? how is the junior?
I'm fine & junior is doing great bro, thanks
Good to have you back!
Thank You
  • #225,046
  • May 7, 2010 4:56am May 7, 2010 4:56am
Quoting zoom
wormy....

it's time now for 1.7


yes it is time

check this post lol:
1. http://www.forexfactory.com/showpost...postcount=6612

Thank You
  • #225,047
  • May 7, 2010 5:01am May 7, 2010 5:01am
Quoting fxoxford
1.4500 came quicker then i thought,
You are doing great so I won't ask you the usual q. What I would like to know is :You were so on the spot ! What crystal ball you use ?

Good Trading !
  • #225,048
  • May 7, 2010 5:07am May 7, 2010 5:07am
Quoting wormboy
I'm fine & junior is doing great bro, thanks
Good to have you back!
good to be back bro...
nice to see you WB....
Hear the music before the song is over ...
  • #225,049
  • May 7, 2010 5:11am May 7, 2010 5:11am
Quoting GlobalMacro
good to be back bro...
nice to see you WB....
bro, we going streaking for 1.7
you want in?
Thank You
  • #225,050
  • May 7, 2010 5:11am May 7, 2010 5:11am
Welcome back Global Marco

From all of us.
Great Bodies are Engineered not Born
  • #225,051
  • May 7, 2010 5:15am May 7, 2010 5:15am
Q: What kind of impact would a good NFP have on GBP/USD?
I have no enemy; I make Incautiousness my Enemy.
  • #225,052
  • May 7, 2010 5:23am May 7, 2010 5:23am
Cameron is holding a news conference at 1430 BST to outline the basis of a government, if he can pull it off that quick we can see a good bounce in cable to the upside, it all depends on the concessions. The market should take any deal with the Tories as favourable.
  • #225,053
  • May 7, 2010 5:26am May 7, 2010 5:26am
Quoting wormboy
bro, we going streaking for 1.7
you want in?

LoL...

bro....this thing is so freaking volatile it could be all over the place within 300 pips range any minute....

your beloved dragon is even better....1000 pips up down like ain't nothing to it...

don't we love being forex traders?
Hear the music before the song is over ...
  • #225,054
  • May 7, 2010 5:31am May 7, 2010 5:31am
Quoting RichLadyFX
Welcome back Global Marco

From all of us.

Thanks RichLady...
I remember you shorting cable near 1.70 by mistake last year when the bull was raging....imagine you having had remained in that position.....
Hear the music before the song is over ...
  • #225,055
  • May 7, 2010 5:32am May 7, 2010 5:32am
Quoting GlobalMacro
LoL...

bro....this thing is so freaking volatile it could be all over the place within 300 pips range any minute....

your beloved dragon is even better....1000 pips up down like ain't nothing to it...

don't we love being forex traders?
lol too true bro!
but I've sold enough for 2 days. I have long positions now, not too big yet tho, but it will be
hopefully somebody press the wrong button again worth a couple of billion dollars later and send cable a thousand pips my way
Thank You
  • #225,056
  • May 7, 2010 5:34am May 7, 2010 5:34am
Quoting cloggie
Cameron is holding a news conference at 1430 BST to outline the basis of a government, if he can pull it off that quick we can see a good bounce in cable to the upside, it all depends on the concessions. The market should take any deal with the Tories as favourable.
Look if Torries form government, then a bounce is not to be excluded. Yet consider what is actually driving Sterling lower please, it is not which government takes charge ad both parties have not reported upon ~80% of cuts to be initiated after the elections. That suggests that they would both cut in a big way. Both Labour & Torries understand that economy is driven by business growth, without a growing economy we are all screwed in a way as our deficit is expected to be near 12% of GDP this year, that is higher than of any country in Europe right now, even Greece. So it's the deficit concerns that are making investors move capital out of GBP to spread risk. 1.3s are on the way mid-term basis IMO.
Prices oscillate, trends persist. Trend is your friend.
  • #225,057
  • May 7, 2010 5:36am May 7, 2010 5:36am
Quoting cloggie
Cameron is holding a news conference at 1430 BST to outline the basis of a government, if he can pull it off that quick we can see a good bounce in cable to the upside, it all depends on the concessions. The market should take any deal with the Tories as favourable.


Good morning! Did you get as many hours sleep as all of the politicians last night

I have been busy with work this morning, so I am sitting out, but I am hoping to get it all done and dusted so that I can focus on cable this afternoon
  • #225,058
  • May 7, 2010 5:38am May 7, 2010 5:38am
Quoting jsspmk
that is higher than of any country in Europe right now, even Greece. So it's the deficit concerns that are making investors move capital out of GBP to spread risk. 1.3s are on the way mid-term basis IMO.
BOOOO .. party pooper BOOOO.



we streaking to 1.7
Thank You
  • #225,059
  • May 7, 2010 5:38am May 7, 2010 5:38am
Quoting wormboy
lol too true bro!
but I've sold enough for 2 days. I have long positions now, not too big yet tho, but it will be
hopefully somebody press the wrong button again worth a couple of billion dollars later and send cable a thousand pips my way
.....

1.4720 is the first resistance to overcome for today...next couple of hours at least...
Attached Image
Hear the music before the song is over ...
  • #225,060
  • May 7, 2010 5:38am May 7, 2010 5:38am
Quoting cloggie
Cameron is holding a news conference at 1430 BST to outline the basis of a government, if he can pull it off that quick we can see a good bounce in cable to the upside, it all depends on the concessions. The market should take any deal with the Tories as favourable.
While Cable is still down, things are looking reasonably positive after yesterdays bloodbath.

My bank shares tumbled this morning but are recovering (slowly), FTSE isnt down much and DOW looks like opening up.

That said, it only takes someone to sell a few billion of something to bring it crashing down again.

I caught a good slide down this morning mid way and made mucho profit, I think I'll take a cheeky long now with a moving stop once it's past BE and see where we go...
Back to basics, it has to be for me!
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