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Cable Update (GBPUSD)

  • #261,661
  • Oct 25, 2010 4:54am Oct 25, 2010 4:54am
Quoting AdrianHNV
Will more than likely see 'Cable' drop over the next few hours before

1:30pm USD Fed Chairman Bernanke Speaks
Why do you think that?
There is alot of preasure on the dollar. Is there any chance in this speach that Bernanke will say anything about more QE?
  • #261,662
  • Oct 25, 2010 5:02am Oct 25, 2010 5:02am
That last 1h candle changed from bearish to bullish in a short time.
If there is some selling preasure in this pair even tho the dollar is weakening I would expect it to come in around 1.5830 area.
  • #261,663
  • Oct 25, 2010 5:15am Oct 25, 2010 5:15am
still still hold my friday long on EU but, i think i should get out b4 uncle Ben speak...
  • #261,664
  • Oct 25, 2010 5:21am Oct 25, 2010 5:21am
Quoting AdrianHNV
Bright and Sunny morning to all.

Had a early start this morning as one of the 'grandkids' is staying for the week and is having toothing-growing pains, so I was up early enough to catch the 1.15am move upwards, made a good buy trade on the upwards move and have already achieved half of my daily target.............. Will no doubt bee another up and down day as 'Cable' gets slagged off by all.......
..same here..bought at 1am, 1.5664..closed 1.5740..need to sleep..
  • #261,665
  • Oct 25, 2010 5:30am Oct 25, 2010 5:30am
Quoting primzvicious
Inserted Video


wish all the best for those short on EU n Long on GU atm...let us sing together
  • #261,666
  • Oct 25, 2010 5:41am Oct 25, 2010 5:41am
Quoting grashid
http://www.youtube.com/watch?v=I-W5ND6wj_A

wish all the best for those short on EU n Long on GU atm...let us sing together
Are you in those positions?
Why are you?
1h close over 1.5742 would not be to bad of a sign for you then
TP?
  • #261,667
  • Oct 25, 2010 5:52am Oct 25, 2010 5:52am
Quoting Sunsi
Why do you think that?
There is alot of preasure on the dollar. Is there any chance in this speach that Bernanke will say anything about more QE?
There is always a lot of pressure on the Dollar, Whenever Bernanke has one of these '''''RED''''' speaches the price of Cable usually drops down before hand. Sometimes she even gets a bolster to the upside afterwards though, which I suspect is good for those going long.

Personally I don't care which way 'Cable' goes as long as I'm on the right side of the trade. And she gives me the profit I require daily.
  • #261,668
  • Oct 25, 2010 5:52am Oct 25, 2010 5:52am
Quoting grashid
http://www.youtube.com/watch?v=I-W5ND6wj_A

wish all the best for those short on EU n Long on GU atm...let us sing together
can i sing together.....but i'm long in EU and short in GU....
  • #261,669
  • Oct 25, 2010 5:57am Oct 25, 2010 5:57am
Quoting Mr.Elliott
can i sing together.....but i'm long in EU and short in GU....
sure.. look at ur weekly n monthly.....

I already lock n just watch....come had a few more people with me when we skype b4....who there are..come let we have a party

  • #261,670
  • Oct 25, 2010 6:00am Oct 25, 2010 6:00am
Quoting M@2t
still still hold my friday long on EU but, i think i should get out b4 uncle Ben speak...
Are you speculating his speech will bring down the market?
  • #261,671
  • Oct 25, 2010 6:02am Oct 25, 2010 6:02am
Quoting AdrianHNV
There is always a lot of pressure on the Dollar, Whenever Bernanke has one of these '''''RED''''' speaches the price of Cable usually drops down before hand. Sometimes she even gets a bolster to the upside afterwards though, which I suspect is good for those going long.

Personally I don't care which way 'Cable' goes as long as I'm on the right side of the trade. And she gives me the profit I require daily.
Okey!
I think we allready have had that drop in early London. I expect 1.5830 before we see any strong selling. B/c of large fib cluster.
And USD are so weak that I expect a move up beofre dollar will gain any strenght. But we`ll see
  • #261,672
  • Oct 25, 2010 6:03am Oct 25, 2010 6:03am
Quoting AdrianHNV
There is always a lot of pressure on the Dollar, Whenever Bernanke has one of these '''''RED''''' speaches the price of Cable usually drops down before hand. Sometimes she even gets a bolster to the upside afterwards though, which I suspect is good for those going long.

Personally I don't care which way 'Cable' goes as long as I'm on the right side of the trade. And she gives me the profit I require daily.
I'm sure you do have a slight bias, given your, currently underwater, $100 per pip long cable charity trade.

p.s. I think your altruistic nature is fantastic and should serve as an example to others on this thread.
  • #261,673
  • Oct 25, 2010 6:15am Oct 25, 2010 6:15am
Quoting gammase1
I'm sure you do have a slight bias, given your, currently underwater, $100 per pip long cable charity trade.

p.s. I think your altruistic nature is fantastic and should serve as an example to others on this thread.
the wealth shoulve been distributed far and wide in the fx market
with a stop was around 1.58 as far as i remember, that'd be something like 22,000 going out to 'charity', very altruistic indeed
  • #261,674
  • Oct 25, 2010 6:19am Oct 25, 2010 6:19am
Grashid whats ur target for GU ?
  • #261,675
  • Oct 25, 2010 6:20am Oct 25, 2010 6:20am
Quoting fahdli
the wealth shoulve been distributed far and wide in the fx market
with a stop was around 1.58 as far as i remember, that'd be something like 22,000 going out to 'charity', very altruistic indeed
You need to keep up, my friend. The stop has been lowered to around the 1.52 handle, meaning a "potential" $80k being redistributed in the market.
  • #261,676
  • Oct 25, 2010 6:21am Oct 25, 2010 6:21am
Quoting grashid
sure.. look at ur weekly n monthly.....

I already lock n just watch....come had a few more people with me when we skype b4....who there are..come let we have a party

thought we still going down
Verily, in every difficulties there is relief
  • #261,677
  • Oct 25, 2010 6:30am Oct 25, 2010 6:30am
Quoting primzvicious
thought we still going down
..damm u..dun pretend

ok go ahead guys..enjoy ur trade..am going to see someone for a while....chiow
  • #261,678
  • Oct 25, 2010 6:45am Oct 25, 2010 6:45am
Good day to you,

Longer term longs if 1.5754 holds as support. Longer term short if 1.5685 holds as resistance. Till then - no trade. Tested LTL twice in 2 trading days. 1st test back met with strong selling. Current test back seems to have weaker selling pressure - but still there. ( this could increase during the day). A close today along the lines of 1.5750 or slightly higher, may see a push higher tomorrow as we break back above the trendline. A close today around 1.5700/05 may see us going lower tomorrow.

Wish you all the best.

Regards
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  • #261,679
  • Oct 25, 2010 6:50am Oct 25, 2010 6:50am
Quoting grashid
sure.. look at ur weekly n monthly.....

I already lock n just watch....come had a few more people with me when we skype b4....who there are..come let we have a party

i'm still playing it with a bearish trend... IMHO...we still have some room downward...but as usual you might be right and i might be wrong....anyway...gud luck and green pips bro...
  • #261,680
  • Oct 25, 2010 6:54am Oct 25, 2010 6:54am
Quoting grashid
..damm u..dun pretend

ok go ahead guys..enjoy ur trade..am going to see someone for a while....chiow
ok ok... i closed remaining short and left 1 with sl @BE

will follow you if price broke 780...

cheers
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Verily, in every difficulties there is relief
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