Comments on: Looks like I’m not going to get on for that cable trade https://fxww.com/looks-like-im-not-going-to-get-on-for-that-cable-trade/ The Professional Source Fri, 08 Feb 2013 09:13:36 +0000 hourly 1 By: Lam-Son https://fxww.com/looks-like-im-not-going-to-get-on-for-that-cable-trade/#comment-15889 Fri, 08 Feb 2013 09:13:36 +0000 http://fxww.dreamhosters.com/?p=5340#comment-15889 In reply to Sean Lee.

yes, not that easy on this pair. And we have to bite the bullet if we trade this pair as the spread is ridiculously high 🙁

]]> By: Sean Lee https://fxww.com/looks-like-im-not-going-to-get-on-for-that-cable-trade/#comment-15887 Fri, 08 Feb 2013 08:14:40 +0000 http://fxww.dreamhosters.com/?p=5340#comment-15887 Certainly makes sense Lam-Son although I wouldn’t be chasing it lower at these levels; maybe wait for some decent rallies before considering such a trade? I find these pairs hard to trade, its fine for taking a long term position but not so easy to pick trading swings

]]> By: Lam-Son https://fxww.com/looks-like-im-not-going-to-get-on-for-that-cable-trade/#comment-15886 Fri, 08 Feb 2013 07:50:49 +0000 http://fxww.dreamhosters.com/?p=5340#comment-15886 Hi Sean, would selling GBP/NZD as carry trades make sense? The kiwi is very strong while sterling is relatively weak. I remember last year the EUR/AUD hit historical lows after historical lows. This year the GBP and NZD take on the previous roles of EUR and AUD, respectively. Just my thought…

]]> By: Sean Lee https://fxww.com/looks-like-im-not-going-to-get-on-for-that-cable-trade/#comment-15876 Fri, 08 Feb 2013 06:07:33 +0000 http://fxww.dreamhosters.com/?p=5340#comment-15876 So still some hope yet Hitesh? I’m fast losing enthusiasm for this week, it would need to start moving very fast very soon 🙂

]]> By: Hitesh https://fxww.com/looks-like-im-not-going-to-get-on-for-that-cable-trade/#comment-15875 Fri, 08 Feb 2013 06:04:47 +0000 http://fxww.dreamhosters.com/?p=5340#comment-15875 That was a good idea and the one hour chart shows spinning top high at 5736.

It seems it will hit the bottom of the wedge near 1.5670.

]]>