Textbook "Reversal Day" for GBPUSD | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker talk 46 replies

Dealing with "Invalid Price", "Requote", "Server Busy" in MT4 3 replies

What is a Textbook Sell Signal? 0 replies

The Cable double day / the two day "rule" 14 replies

Textbook examples of Price Action? 3 replies

Attachments: Textbook "Reversal Day" for GBPUSD
Exit Attachments

Textbook "Reversal Day" for GBPUSD

  • #41
  • Nov 3, 2006 11:36am Nov 3, 2006 11:36am
I agree is priced in, but you always get a little bounce when it's announced, especially if they are hawkish, I may be trying to split hairs but I think we might get a little bounce. When it's announced might be the best time to short big. Will see. We all take our changes. Although I am currently out of a possible big move, I am sitting on some nice profit as my short position was large.
  • #42
  • Nov 3, 2006 12:07pm Nov 3, 2006 12:07pm
nice strat, exit now then re-enter later... since my position is small I will attempt to try to ride this a little further I still see some viable downside targets exposed.
  • #43
  • Nov 6, 2006 9:46pm Nov 6, 2006 9:46pm
Party pooper
http://bloomberg.com/apps/news?pid=2...refer=currency
  • #44
  • Nov 6, 2006 10:50pm Nov 6, 2006 10:50pm
telll me about it, that move was abnormal for the asian session gotta pay more attention when these fed clowns talk... could have locked in larger profit off the previous down move...
  • #45
  • Nov 6, 2006 10:53pm Nov 6, 2006 10:53pm
how far up do u think this thing will run? any chance of it returning down to 8950?
  • #46
  • Nov 6, 2006 10:56pm Nov 6, 2006 10:56pm
this thing just moved 100 pips.. thanks alot yellen. screwed up the whole trend...
  • #47
  • Nov 6, 2006 11:54pm Nov 6, 2006 11:54pm
Quoting enoc2g
how far up do u think this thing will run? any chance of it returning down to 8950?
I don't know. That sure was a weird move, this thing being weak lately.
  • #48
  • Nov 9, 2006 10:57am Nov 9, 2006 10:57am
Back in short at 1.9072
  • #49
  • Nov 9, 2006 11:00am Nov 9, 2006 11:00am
lol nice, im still short too scary move back up here off that chinese diversification crap...
  • #50
  • Nov 9, 2006 11:05am Nov 9, 2006 11:05am
well they have made the statement. this was just reaction to the statement. what happens when the transactions start?
Profit is where readiness meets Opportunity
  • #51
  • Nov 9, 2006 11:06am Nov 9, 2006 11:06am
lol... dont even want to imagine..
  • #52
  • Nov 9, 2006 11:12am Nov 9, 2006 11:12am
Quoting FXopportunist
well they have made the statement. this was just reaction to the statement. what happens when the transactions start?
This is a report from Reutors, I dont know that it is anything official from the China Central Bank. And the reports says "may", not "will". If in fact they are going to rotate out, it is in their best interest for the $$ not to tank while they do it. The people from China are smart.
  • #53
  • Nov 9, 2006 11:13am Nov 9, 2006 11:13am
welll we got the great wall of china at the 9100 level, lol
  • #54
  • Nov 9, 2006 11:16am Nov 9, 2006 11:16am
Quoting enoc2g
welll we got the great wall of china at the 9100 level, lol
That's a good one
  • #55
  • Nov 9, 2006 11:18am Nov 9, 2006 11:18am
Quoting enoc2g
welll we got the great wall of china at the 9100 level, lol
lol
  • #56
  • Nov 9, 2006 11:20am Nov 9, 2006 11:20am
Read this article very important I think to understand.. Thanks for the link..

http://www.masterforex.co.uk/Articles/China's%20trillion%20dollar%20surplus.php
  • #57
  • Nov 9, 2006 11:30am Nov 9, 2006 11:30am
Quoting enoc2g
Read this article very important I think to understand.. Thanks for the link..

http://www.masterforex.co.uk/Articles/China's%20trillion%20dollar%20surplus.php
Good find, bottom line is that BoE was dovish, and this China thing is a gradual thing, it is in their interest that the $$ is not devalued, so China controls that. When the news is digested, back below 1.900. Also, if it when it starts, the primary beneficiary is the EUR. Would China want to hold the pound as reserved currency? Hell, even Borat knows the answer to that. Booya.
  • #58
  • Nov 9, 2006 1:20pm Nov 9, 2006 1:20pm
This is a political preemptive strike, now that the Democrats have power. China is saying if you raise tariffs, we will strike back. Better than the A bomb I guess.
http://bloomberg.com/apps/news?pid=2...b9U&refer=home
  • #59
  • Nov 9, 2006 1:24pm Nov 9, 2006 1:24pm
good points, can u elaborate on why they wouldnt want to hold the pound or euro is it because of the US's military strength ? or business generating ties for them?
  • #60
  • Nov 9, 2006 1:26pm Nov 9, 2006 1:26pm
Quoting enoc2g
good points, can u elaborate on why they wouldnt want to hold the pound or euro is it because of the US's military strength ? or business generating ties for them?
More business related, not military. China does not want to rock the boat, now that they are an economic powerhouse. That is why told North Korea to stop the non-sense.
0 traders viewing now