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Cable Update (GBPUSD)

  • #385,961
  • Jul 8, 2014 11:40am Jul 8, 2014 11:40am
cable situation is that so many traders are short from 1.68 and 1.69. and way way below that
i am still short from 1.7159 as i stated last week
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  • #385,962
  • Jul 8, 2014 11:43am Jul 8, 2014 11:43am
Quoting Fx-gtg
cable situation is that so many traders are short from 1.68 and 1.69. and way way below that i am still short from 1.7159 as i stated last week {image}
And seems so many traders are wrong (includes myself)
GU bounce back after the news.
  • #385,963
  • Jul 8, 2014 12:00pm Jul 8, 2014 12:00pm
fall out of bed now would be good
  • #385,964
  • Jul 8, 2014 12:11pm Jul 8, 2014 12:11pm
Quoting lakhan
{quote} Yep. Bit worried about my longs now. Might have to keep tight sl or make it be ....
Closed for +30 . Looking at shorts at 1.715 and above
  • #385,965
  • Jul 8, 2014 12:37pm Jul 8, 2014 12:37pm
Quoting atria
{quote} And seems so many traders are wrong (includes myself) GU bounce back after the news.
GU might seems to have a bounce but meanwhile cable is clearly losing its upward momentum across the board.

GBPAUD
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GBPJPY
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GBPNZD
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On the other hand, this morning GBP just had the worst Manufacturing Production in the past 16 months.
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As for GBP/USD, we have US FOMC in about 24 hours and GBP Bank Rate decision in less than 48 hours. Not expecting too much going on (in terms of having a solid trend or direction on 1H+ chart) in the next 48 hours.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #385,966
  • Jul 8, 2014 1:07pm Jul 8, 2014 1:07pm
Quoting elbert3
fall out of bed now would be good
It'll get up to speed fairly quickly
Hear the music before the song is over ...
  • #385,967
  • Jul 8, 2014 1:11pm Jul 8, 2014 1:11pm
Quoting GlobalMacro
{quote} It'll get up to speed fairly quickly
hi GM,

still long?

i got out at be (sl) an entered a new one today @s1 1,7105 which is my new sl now. sl-happy scalper
fortis fortuna adiuvat
  • #385,968
  • Jul 8, 2014 1:48pm Jul 8, 2014 1:48pm
Quoting deltaone
{quote} hi GM, still long? i got out at be (sl) an entered a new one today @s1 1,7105 which is my new sl now. sl-happy scalper
How's it going Delta,

Long's the name of the game over here, absolutely.

Check out this beauty of a daily chart...setting up nicely, wanna see a close above 1.7132 ideally for her to form a hammer.

but I still like her pretty face even the Doji way she looks right now.
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Hear the music before the song is over ...
  • #385,969
  • Jul 8, 2014 2:02pm Jul 8, 2014 2:02pm
Quoting GlobalMacro
{quote} How's it going Delta, Long's the name of the game over here, absolutely. Check out this beauty of a daily chart...setting up nicely, wanna see a close above 1.7132 ideally for her to form a hammer. but I still like her pretty face even the Doji way she looks right now. {image}
iīm fine - again with a beer in my hand hoping to see germany defeating brazil
nice chart - clear and simple. some of the posted charts here remember me more of an modern art-work from kandinsky, beautiful colors and geometric figures...

https://d3l2rivt3pqnj2.cloudfront.ne...1/6/163099.jpg

btw, whereīs your sl now?
fortis fortuna adiuvat
  • #385,970
  • Edited Jul 9, 2014 2:57am Jul 8, 2014 2:20pm | Edited Jul 9, 2014 2:57am
Quoting deltaone
{quote} iīm fine - again with a beer in my hand hoping to see germany defeating brazil nice chart - clear and simple. some of the posted charts here remember me more of an modern art-work from kandinsky, beautiful colors and geometric figures... {image} btw, whereīs your sl now?
yeah............nice & simple...

I wrote a 50-delta, 1-month Put for 7.20%.
Hear the music before the song is over ...
  • #385,971
  • Jul 8, 2014 2:22pm Jul 8, 2014 2:22pm
Quoting GlobalMacro
{quote} yeah...I like 'em raw.........nice & simple... I wrote a 50-delta, 1-month Put for 7.20%.
you still short vega?
  • #385,972
  • Jul 8, 2014 2:31pm Jul 8, 2014 2:31pm
Quoting GlobalMacro
{quote} yeah...I like 'em raw.........nice & simple... I wrote a 50-delta, 1-month Put for 7.20%.
i see. you trade options more than other instruments?
fortis fortuna adiuvat
  • #385,973
  • Jul 8, 2014 2:38pm Jul 8, 2014 2:38pm
I am waiting for Official Bank Rate on July 10, ranged movement should be in line 0 to +100 weekly fibonacci.

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  • #385,974
  • Edited 3:53pm Jul 8, 2014 2:39pm | Edited 3:53pm
Quoting Aws1962
{quote} you still short vega?
short vega but not for the sake of [email protected]% 1-M GBP Vols not worth it but strategy good enough to cash in on theta in this slow market in case it takes too long...
not delta-neutral btw, increasing gamma exposure (delta--> 1) via spot when we get acceleration upwards.
Hear the music before the song is over ...
  • #385,975
  • Jul 8, 2014 2:42pm Jul 8, 2014 2:42pm
I'm a rookie trading cable, will join the conversation, I have read good stuff, after a bit of analysis lol I think traders being shorts at cable have a lot of troubles, last month was incredible

I'm a scalper, and I will try to scalp cable day in day out, I'm synchronicing with cable last days, very nice move today, to me today says there are a lot of bull power at under 1.71, next days will be very interesting

I was trading eurodolar, but look at the volatility... jajajjaa 25 pips day range, thats really minimum, and impossible to me,
what about cable volatility in this days??? I saw the pais pretty volatile, of course, in comparison with eurodolar, I would like to scalp cale intraday for 5-15 pips, in quicks moves, in less an hour, what do yo think???

good luck and happy trading
  • #385,976
  • Jul 8, 2014 2:44pm Jul 8, 2014 2:44pm
Quoting GlobalMacro
{quote} short vega but not for the sake of [email protected]% 1-M GBP Vols not worth it but strategy good enough to cash in on theta in this slow market in case it takes to long... not delta-neutral btw, will increase gamma exposure (delta--> 1) via spot when we get acceleration upwards.
ahhh, i love it.
itīs quite a long time ago i saw someone playing the greeks. if not before, this post would make me a subscriber of you
fortis fortuna adiuvat
  • #385,977
  • Jul 8, 2014 2:44pm Jul 8, 2014 2:44pm
Quoting deltaone
{quote} i see. you trade options more than other instruments?
only when cable gets boring...(which is very often these days)

do you trade dax? covered my shorts for a nice profit @ 9820 earlier.
Hear the music before the song is over ...
  • #385,978
  • Jul 8, 2014 2:53pm Jul 8, 2014 2:53pm
Quoting GlobalMacro
{quote} only when cable gets boring... do you trade dax? covered my shorts for a nice profit @ 9820 earlier.
me? trading the dax?? every day
was short direct after the opening auction, closed that short @ s1, got into it again when breaching day-low at 9:29 h to s2
but now: anthem!
fortis fortuna adiuvat
  • #385,979
  • Jul 8, 2014 2:54pm Jul 8, 2014 2:54pm
Quoting deltaone
{quote} ahhh, i love it. itīs quite a long time ago i saw someone playing the greeks. if not before, this post would make me a subscriber of you
Hear the music before the song is over ...
  • #385,980
  • Jul 8, 2014 2:55pm Jul 8, 2014 2:55pm
Quoting GlobalMacro
{quote} short vega but not for the sake of [email protected]% 1-M GBP Vols not worth it but strategy good enough to cash in on theta in this slow market in case it takes too long... not delta-neutral btw, will increase gamma exposure (delta--> 1) via spot when we get acceleration upwards.
Fair enough. You work / worked on an options desk per chance?

I've spent a bit of time managing the EUR options book at a tier-2 bank.

Love options and Vol!
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