Comments on: Cable trade: Interim profit booked now wait and see

By: Kirill

Kirill — Tue, 04 Jun 2013 05:07:17 +0000

Yea, it’s tough to be on vacation:) but gives slightly different perspective on the values…

By: Sean Lee

Sean Lee — Tue, 04 Jun 2013 04:49:59 +0000

It was indeed a lovely formation, thankfully I caught the EUR/AUD which was more or less the same thing.
Glad to see how the other half live 🙂

By: Kirill

Kirill — Tue, 04 Jun 2013 03:48:58 +0000

Sean, awsome call a while back on GBP/NZD… Just have looked on it today… Just wow. Did not get on this train, but still kudos to you for great idea. I jave initiated tiny EUR/AUD short, will see how that will evolve over next week. Other than that catching some sun around Hawaii before going back to the dungeons of work. Cheers

By: Sean Lee

Sean Lee — Tue, 04 Jun 2013 02:20:27 +0000

Fair point Jasper, would not surprise me at all, I’m expecting plenty of choppy noisy markets

By: JasperD

JasperD — Tue, 04 Jun 2013 02:08:44 +0000

Hi Sean, USD index has a positive correlation with US equity market recently. And Tuesday has been the most bullish day for US stocks by far this year. Makes me think maybe we’ll see some USD strength later today?

By: Sean Lee

Sean Lee — Tue, 04 Jun 2013 01:23:17 +0000

Hi Dok, yeah the GBP looks like it could surprise some people? EUR/GBP looks like it could go back to 8430 so I definitely prefer the short tarde like yu have near 8550 with stop above 8600. Good risk reward imho

By: dok

dok — Tue, 04 Jun 2013 01:10:09 +0000

Sean, i took short EUR/GBP 0.8550 with stops above .86 yesterday, do you still favor for cross rates to fall below 0.85? thanks

By: Danny

Danny — Tue, 04 Jun 2013 00:47:29 +0000

morning Sean.
cable did a nice job so far. there will be lots of volatility towards end of the week with BOE interest rates and also NFP. No so comfortable trading with just these numbers alone and makes me feel like im gambling.Any good numbers and it goes straight up and vice versa. Cable did stop at 61.8 retracement, just like Jasper mentioned. I think if it were to go up then it will need to be supported by bad NFP and will test 1.56. Till then this will go sideways for a few sessions imho.

By: JasperD

JasperD — Mon, 03 Jun 2013 23:22:06 +0000

FWIW, cable stopped at 0.618 retracement of 1.56~1.50 decline today…Not sure if it’s going to continue rebounding or resume declining.

By: Sean Lee

Sean Lee — Mon, 03 Jun 2013 22:50:55 +0000

Hi Jasper, think its sell-rallies in line with USD/JPY but lot depends on what happens in EUR/CHF as to speed of retracement

By: JasperD

JasperD — Mon, 03 Jun 2013 22:41:00 +0000

Morning Sean! Any insight on USDCHF levels? Does it seem the market has corrected too fast and we might get a rebound soon? Thanks!