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Cable Update (GBPUSD)

  • #232,881
  • Jun 22, 2010 8:00am Jun 22, 2010 8:00am
what is this movement?
  • #232,882
  • Jun 22, 2010 8:03am Jun 22, 2010 8:03am
Quoting cloggie
A couple of us have been talking for pages on how great this budget is for the markets and you are shorting this? What did you expect.
It is an excellent budget for the markets. Debt reduced from 10% to 1% of Annual GDP by 2015-16. Shame it missed my swing entry point
  • #232,883
  • Jun 22, 2010 8:06am Jun 22, 2010 8:06am
Quoting peyman
what is this movement?
Oh nothing , this was Yngwie special
  • #232,884
  • Jun 22, 2010 8:06am Jun 22, 2010 8:06am
Quoting peyman
what is this movement?
this is "short & you're dead meat" movement.
Thank You
  • #232,885
  • Jun 22, 2010 8:11am Jun 22, 2010 8:11am
Quoting peyman
what is this movement?
Osborne levies banks, raises sales tax to tackle budget deficit.

http://noir.bloomberg.com/apps/news?...W9Aupesw&pos=1
  • #232,886
  • Jun 22, 2010 8:14am Jun 22, 2010 8:14am
OK, so *somebody* bought a crap load of GBP 5 minutes before the hourly bar closed. If you were them, what would you do with all that GBP and nobody took the bait? Hmmm?
  • #232,887
  • Jun 22, 2010 8:15am Jun 22, 2010 8:15am
Wonder how home sales news will affect this movement...
Don't be emo... don't be emo....
  • #232,888
  • Jun 22, 2010 8:20am Jun 22, 2010 8:20am
Quoting PipVip
OK, so *somebody* bought a crap load of GBP 5 minutes before the hourly bar closed. If you were them, what would you do with all that GBP and nobody took the bait? Hmmm?
Why wouldn't you buy at support? It looks to me like price just tested the support of 4H ema50/ema200 and bounced.
  • #232,889
  • Jun 22, 2010 8:22am Jun 22, 2010 8:22am
Don't you mean contrived support?
  • #232,890
  • Jun 22, 2010 8:27am Jun 22, 2010 8:27am
I am keen on shorting cable for the entire move down

4840 should be a good place to short
  • #232,891
  • Jun 22, 2010 8:34am Jun 22, 2010 8:34am
Quoting cloggie
Done, 48135 next.
Done, I love predictable cable.
  • #232,892
  • Jun 22, 2010 8:38am Jun 22, 2010 8:38am
I am short @ 4816
  • #232,893
  • Jun 22, 2010 8:40am Jun 22, 2010 8:40am
Quoting cloggie
Done, I love predictable cable.
Cloggie, can I ask is it predictable even if there is news coming?
Don't be emo... don't be emo....
  • #232,894
  • Jun 22, 2010 8:42am Jun 22, 2010 8:42am
Quoting drakes
Cloggie, can I ask is it predictable even if there is news coming?
Budget was great, short term Gilts down FTSE up 48135 was a very easy one to call and trade. I called 4785 an hour ago and 48135 shortly thereafter, a lovely 90 pip trade. I am flat cable now eyes on 4837.
  • #232,895
  • Jun 22, 2010 8:44am Jun 22, 2010 8:44am
Quoting forexlion
I am short @ 4816
you're the pro but i think this upward momentum has a bit more gas...imho to 4860ish...
  • #232,896
  • Jun 22, 2010 8:45am Jun 22, 2010 8:45am
Quoting cloggie
Budget was great, short term Gilts down FTSE up 48135 was a very easy one to call and trade. I called 4785 an hour ago and 48135 shortly thereafter, a lovely 90 pip trade. I am flat cable now eyes on 4837.
What do you predict if home sales report is bad?

Thank's!
  • #232,897
  • Jun 22, 2010 8:46am Jun 22, 2010 8:46am
And somebody is still holding a bag full of GBP from the last 5 minutes of the last bar, and longs are not rushing in. They are going to have to dump that soon.
  • #232,898
  • Jun 22, 2010 8:48am Jun 22, 2010 8:48am
Quoting Najee
you're the pro but i think this upward momentum has a bit more gas...imho to 4860ish...
i got second sell limit @ 4840

TP for both is 4785
  • #232,899
  • Jun 22, 2010 8:50am Jun 22, 2010 8:50am
Try 1/3 Short @ 1.4818
  • #232,900
  • Jun 22, 2010 8:50am Jun 22, 2010 8:50am
Quoting forexlion
I am short @ 4816

..I also took one at 1.4815 based on my 12h view. Tight SL..we shall see!

cheers
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