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GlobalMacro replied Sep 18, 2009yea...this is weird... dow up 0.4% cable is the worst performer even usdx is behaving...
Cable Update (GBPUSD)
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GlobalMacro replied Sep 18, 2009yup...I got stopped & reversed twice today...the third time I'm heading to the bar... very, very rare for me!

Cable Update (GBPUSD)
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GlobalMacro replied Sep 18, 2009Still hanging in there... Bears show me your teeth... bar keeper has to wait a lil...
Cable Update (GBPUSD)
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GlobalMacro replied Sep 18, 2009where is that pliers...? tooth huh? My favorite Bar Keeper(ess) I am coming... Not yet stopped....tho...

Cable Update (GBPUSD)
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GlobalMacro replied Sep 18, 2009Bro...unless you can pull up surprise news that King is gone

...going negative IR that biting bear is a toothless bear for a while...
or I go to my favorite bar keeper(ess)...Cable Update (GBPUSD)
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GlobalMacro replied Sep 18, 2009yup...freaky fridays...I used to avoid trading on this day... btw QuadrupleWitchingDay too today....OMG!...Hope of Deliverance...

Cable Update (GBPUSD)
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GlobalMacro replied Sep 18, 2009If I get stopped and reverse one more time...you know what my next position will be? yes...the bar around the corner with a cold one in my hand...

Cable Update (GBPUSD)
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GlobalMacro replied Sep 18, 2009right Nav...that's why it's only right to trade with lowest risk possible, just the way you're doing it because charts are far from precise....really far!
Cable Update (GBPUSD)
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GlobalMacro replied Sep 18, 2009Stop & Reverse... — Now shorts are stopped & reversing at 1.6350... Long @ 1.6350 Oh Man! I love freaky fridays!
Cable Update (GBPUSD)
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GlobalMacro replied Sep 18, 2009Thanks AMS...it's an awkward situation to say the least...in all likelihood the IR hike is just that, a rumor...
...hence EUR being stubborn?Cable Update (GBPUSD)
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GlobalMacro replied Sep 18, 2009yup...you stated an indisputable basic fact of trading... just because folks had limited knowledge back in the middle ages, it didn't make the earth flat, now did it?! 100% in agreement!
Cable Update (GBPUSD)
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GlobalMacro replied Sep 18, 2009And there was Light.... Finally someone talking my language...

Cable Update (GBPUSD)
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GlobalMacro replied Sep 18, 2009lol...tbh...I feel more comfortable when there are opposing views in trading when the majority tilts one way then
....you know what I mean...
Cable Update (GBPUSD)
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GlobalMacro replied Sep 18, 2009Alright economists in the house, here's one for you: Is this still resonating: BoE Governor Mervyn King: the BoE may reduce the 0.5% rate it pays on commercial bank deposits held at the central bank. OR is it the fear of IR hikes next week (FOMC ...
Cable Update (GBPUSD)
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GlobalMacro replied Sep 18, 2009you still long bro? I thought you got stopped out?
Cable Update (GBPUSD)
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GlobalMacro replied Sep 18, 2009you know what is really scary bro...I just realized...we are ALL short here now...

Cable Update (GBPUSD)
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GlobalMacro replied Sep 18, 2009Speaking of news: MPC member David Miles says that the British economy should return to growth within the next six to nine months but that the protracted pace of recovery will not be enough to prevent unemployment rising for some months yet.
Cable Update (GBPUSD)