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Cable Update (GBPUSD)

  • #267,521
  • Dec 28, 2010 9:47pm Dec 28, 2010 9:47pm
Quoting andelumut
same with me,,
until now I'm still floating minus 50 pips
pull out mate.
  • #267,522
  • Dec 28, 2010 9:57pm Dec 28, 2010 9:57pm
Quoting freqzz
pull out mate.
Attached Image
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,523
  • Dec 28, 2010 10:04pm Dec 28, 2010 10:04pm
Quoting freqzz
pull out mate.
Have you not noticed this sideways channel were in. Until it breaks topside or bottomside it just keeps retracing the same pips. No need to worry til it b reaks channel
  • #267,524
  • Dec 28, 2010 10:08pm Dec 28, 2010 10:08pm
Quoting Ctic
A/u n/u have historically been good because of their high interest rates. Face it, if you had an extra billion or two lying around would you want to keep it in the US that pays shit or put it in the country with the highest interest rates.... there are other reasons too but that is a big one.
I wonder about this too. Right now there's fantastic A/U carry trade. No brains required. But watching EU and GU unwind doesn't bode well for the future of all things positively correlated with US indices.
  • #267,525
  • Dec 28, 2010 10:48pm Dec 28, 2010 10:48pm
Good Day,

Tough DPP to break.
Closed half vol for 17 pips, stop amended @ BE -5. Same with dragon.
G/L.
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  • #267,526
  • Dec 28, 2010 11:01pm Dec 28, 2010 11:01pm
Quoting Low
I wonder about this too. Right now there's fantastic A/U carry trade. No brains required. But watching EU and GU unwind doesn't bode well for the future of all things positively correlated with US indices.
Yeah, it appears something big is going to happen and when it does.. hopefully your not in it the wrong way. Like you said, a blind man can trade A/U right now.. and N/U for that matter.

What I have found though is things that are correlated tend to move up (or down) to their major resistances or supports. Then they wait for the other pairs to catch up. The USD/CHF hit new 25 year lows this month... could be more that that is as far back as my charts go.. so like you said, things positively correlated with the US indicies are in deep shit.

Now with the E/U and G/U both dropping, suggests that Europe has bigger issues than the USA...Hard to believe.

I spoke with someone today that was actually saying they are trying to crash all the major currencies in order to establish a world currency. Not sure I really go with that, but hey anything is possible. Really from a commerical point of view that would be good.. Don't have to worry about fluctuactions. Problem is how do you establish how much each country gets and who is in charge of the printing of the currency....Things to ponder.

C.
  • #267,527
  • Dec 28, 2010 11:05pm Dec 28, 2010 11:05pm
Quoting gsantri
Good Day,

Tough DPP to break.
Closed half vol for 17 pips, stop amended @ BE -5. Same with dragon.
G/L.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #267,528
  • Dec 28, 2010 11:25pm Dec 28, 2010 11:25pm
Quoting Magix

I'm hoping for deja vu..
Dragon and EJ yesterday was umm
  • #267,529
  • Dec 28, 2010 11:51pm Dec 28, 2010 11:51pm
Quoting gsantri

I'm hoping for deja vu..
Dragon and EJ yesterday was umm
the dejavu is long or short?

Watch out for London market open in couple of hours.
  • #267,530
  • Dec 29, 2010 12:06am Dec 29, 2010 12:06am
Quoting gsantri
Good Day,

Tough DPP to break.
Closed half vol for 17 pips, stop amended @ BE -5. Same with dragon.
G/L.
Both SL hit. no worry, bagged some pips.

Waiting for further setup wherever the money flow
  • #267,531
  • Dec 29, 2010 12:13am Dec 29, 2010 12:13am
Quoting Kelisa
the dejavu is long or short?

Watch out for London market open in couple of hours.
Short I hope, not much gasoline needed lol..

Dragon now consolidating but not confirmed yet

LO yes I noticed that, Thanks.
  • #267,532
  • Dec 29, 2010 12:14am Dec 29, 2010 12:14am
Quoting Beljevina
Arghh! Current price: 1.54, right up against the DPP.

Grr ... Note to self: stay in the trade! This Asia timeframe I find is love it and hate it, all at the same time!

Now, usually the DPP is a bounce, and often Asia PA brings things back right where we started, which, I would expect to get revisited, before he with the most moving power decides what next.
OK, made up for it selling the DPP. Channel play underway for now ... looks like she might bounce further up as part of frankie fakeout - USD weakness/retrace underway. Staying short and entering long at strict BE.
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  • #267,533
  • Dec 29, 2010 1:32am Dec 29, 2010 1:32am
Still into the same channel
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Put your hands in the air , Give me all your money ! !
  • #267,534
  • Dec 29, 2010 2:07am Dec 29, 2010 2:07am
Quoting gsantri

I'm hoping for deja vu..
Dragon and EJ yesterday was umm
it's happening again
  • #267,535
  • Dec 29, 2010 2:14am Dec 29, 2010 2:14am
This cable is really choppy. Overall direction still Short? from 1.53815
  • #267,536
  • Dec 29, 2010 2:15am Dec 29, 2010 2:15am
yupz...if not greedy, already take profit. easily 30pips
  • #267,537
  • Dec 29, 2010 2:17am Dec 29, 2010 2:17am
Quoting Kelisa
yupz...if not greedy, already take profit. easily 30pips
wow, good going.
Enter Signature
  • #267,538
  • Dec 29, 2010 2:18am Dec 29, 2010 2:18am
Quoting Beljevina
OK, made up for it selling the DPP. Channel play underway for now ... looks like she might bounce further up as part of frankie fakeout - USD weakness/retrace underway. Staying short and entering long at strict BE.
now that's what u call a naked chart.
Enter Signature
  • #267,539
  • Dec 29, 2010 2:54am Dec 29, 2010 2:54am
Quoting chazzle
I'm going long - looks like a bottom pick , honestly it isnt
Well - would you believe it? Price gets to 80% of my TP and then retreats back to BE while I am asleep. Things like that hardly ever happen in FX do they?

The long is still on ... RR 1:2.5
  • #267,540
  • Dec 29, 2010 3:01am Dec 29, 2010 3:01am
not too sure about this long guys.
Enter Signature
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