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  • #261
  • May 8, 2007 11:53pm May 8, 2007 11:53pm
Holding your thumbs and toes may have worked Francoise.

Vantage, I have a Buy Limit still outstanding at at 1.9815. I'm still bullish MT but ST there may be further weakness.

Interesting level Stogie at 2.0565. We're on the same page. I've had 2.0510 as a TP on 2 occasions. I'd tend to agree with you. It's not happening yet but I'm confident we'll get there also.

MizZu, great to see you. Any chance of making your signature smaller? Please.
Do not focus on making money; focus on protecting what you have.
  • #262
  • May 8, 2007 11:56pm May 8, 2007 11:56pm
Quoting Why Oh Why
Last 1.9898 again and I'm 17 and 32 in the hole ATM. 1.989 is critical though. A drop below may cause a challenge.
Last 1.9898.
Do not focus on making money; focus on protecting what you have.
  • #263
  • May 9, 2007 12:42am May 9, 2007 12:42am
Good morning WOW, now 9907 and just above the 5 min 200ema which is now flat - thatīs a nice start to the day, lets hope that we can build upwards from here. GBPJPYs just moving up too, the Euros still flat, but Trichetīs due to speak at 3am NY, so that may help it to move.

Iīd like to take off half of my position in front of the FOMC announcement so a 30 / 40 pip rally in the European session would be appreciated!
Trading Levels with WRBs
  • #264
  • May 9, 2007 12:43am May 9, 2007 12:43am
Quoting MizZu_X7
i agree with u Vantage. on 4H today maybe the price will pull back and test 1.9920 first before it will continue down trend .. my idea, same like u . on 4H there's MA200 waiting the price at 1.9850. so i'll wait the price to bounce back then i'll trade ... any comments ?

sorry for my english, i hope u understand
If price does hit 1.9850 then we could easily see Why oh Why's .9815 but the thing is cable just loves to go 15-20 pips the other side of a round number so we could easily see .9780 before a turn.

If, could, should!!

A retest of .9885 and run up works just as well for me.
  • #265
  • May 9, 2007 12:53am May 9, 2007 12:53am
Quoting Islander
Good morning WOW, now 9907 and just above the 5 min 200ema which is now flat - thatīs a nice start to the day, lets hope that we can build upwards from here. GBPJPYs just moving up too, the Euros still flat, but Trichetīs due to speak at 3am NY, so that may help it to move.

Iīd like to take off half of my position in front of the FOMC announcement so a 30 / 40 pip rally in the European session would be appreciated!
You know, I hate it when Trichet speaks. It cost me dearly when he said he wasn't going to use the word "vigilance" and it promptly dropped which set the trend for his speech!
Quoting Vantage
If price does hit 1.9850 then we could easily see Why oh Why's .9815 but the thing is cable just loves to go 15-20 pips the other side of a round number so we could easily see .9780 before a turn.

If, could, should!!

A retest of .9885 and run up works just as well for me.
Aha. Note to self, pay more attention to the words. You an economist Vantage?
Do not focus on making money; focus on protecting what you have.
  • #266
  • May 9, 2007 12:57am May 9, 2007 12:57am
Quoting Why Oh Why
You an economist Vantage?
Nah, day job - sales manager for smallish specialised company within a major South African banking group. Part time co-owner of a property development company and (after almost 2 and a half years) major wannabe full time currency trader who has picked up a few nuggets of info from better people than I.

Love your thread WOW.
  • #267
  • May 9, 2007 1:06am May 9, 2007 1:06am
Quoting Vantage
Nah, day job - sales manager for smallish specialised company within a major South African banking group. Love your thread WOW.
Thanks mate. It's what we all make it.
Do not focus on making money; focus on protecting what you have.
  • #268
  • May 9, 2007 1:11am May 9, 2007 1:11am
In 15 minutes for 15 pips north. 3/1. Any takers? 1/2 says not. But it'd be nice. And I'd be delighted if anyone wants to lump on the favourite. It'll be my hedge.
Do not focus on making money; focus on protecting what you have.
  • #269
  • May 9, 2007 1:16am May 9, 2007 1:16am
You should've taken the outsider at 3/1. It's come in to 2/1 now. And even money to not get there now. Another 8 pips to go. Last 1.9915.
Do not focus on making money; focus on protecting what you have.
  • #270
  • May 9, 2007 1:20am May 9, 2007 1:20am
Quoting Why Oh Why
You should've taken the outsider at 3/1. It's come in to 2/1 now. And even money to not get there now. Another 8 pips to go. Last 1.9915.
Struggling to stay above the central pivot point which is .9916 on my charts.
  • #271
  • May 9, 2007 1:27am May 9, 2007 1:27am
mm....it hit 9920, the 50% retrace of yesterdays fall...Iīll take a partial at 9930, 62% retrace
Trading Levels with WRBs
  • #272
  • May 9, 2007 1:28am May 9, 2007 1:28am
Quoting Vantage
Struggling to stay above the central pivot point which is .9916 on my charts.
Too many bears in the woods. I'll shoot a few on the way out. 5 long at 9915 and another 5 long at 9930 remain. Open loss for 6 and 21 on each of 5 respectively. Buy Limit at 1.9815 and Sell Limit at 1.9945 also waiting. That's it from me until after breakfast. See you in a couple of hours. Last 1.9909.
Do not focus on making money; focus on protecting what you have.
  • #273
  • May 9, 2007 2:16am May 9, 2007 2:16am
An interesting morning the London open head fake has me well faked out.

My 4 hr stoch is in the basement and turned up, we have since 13.45 yesterday 2 slightly higher lows. The trendline from that time gives support at .9890 so if it holds or breaks may give the short term direction???
  • #274
  • May 9, 2007 4:00am May 9, 2007 4:00am
A little strange situation I think that it'll go down to 1,9830 http://www.forexfactory.com/images/icons/icon10.gif
  • #275
  • May 9, 2007 4:12am May 9, 2007 4:12am
Quoting NMike
A little strange situation I think that it'll go down to 1,9830 http://www.forexfactory.com/images/icons/icon10.gif
If it gets down there great but ahead of the interest statement today who knows. US economic numbers have been sliding and I see on the FF news section an article titled UK April permanent wage inflation highest in ........ So little pressure on US to raise rates and lots of pressure in the UK to up rates. I wonder which direction the pound is going???
  • #276
  • May 9, 2007 4:14am May 9, 2007 4:14am
Quoting Why Oh Why
Too many bears in the woods. I'll shoot a few on the way out. 5 long at 9915 and another 5 long at 9930 remain. Open loss for 6 and 21 on each of 5 respectively. Buy Limit at 1.9815 and Sell Limit at 1.9945 also waiting. That's it from me until after breakfast. See you in a couple of hours. Last 1.9909.
Hey you never know you may still be OK with these. Its almost time for lunch.
  • #277
  • May 9, 2007 4:24am May 9, 2007 4:24am
Exactly, I'm waiting for economic information
  • #278
  • May 9, 2007 4:27am May 9, 2007 4:27am
All we need is a dovish satement from Bernanke and the FED. That should push the pound up enough for us all to take some decent profit out of these buys we have.

The US economy is certainly not out of the woods yet and I think NFP last week showed that FED needs to seriously consider a cut. Wont happen now, but I call on Ben to show us some mercy and mention the possibility.

Its gonna be a long 7 hours to the anouncement
  • #279
  • May 9, 2007 6:13am May 9, 2007 6:13am
I took profit when it hit 9930 and am now flat in cable....plenty still open in euro - it has disconnected a bit from cable this morning.

Iīll reconsider a half position if we get back down to the 9890 area.
Trading Levels with WRBs
  • #280
  • May 9, 2007 8:41am May 9, 2007 8:41am
Quoting Why Oh Why
1.9915 SL 1.9815 TP 2.0075. Last 1.9965. Buy Limit #3 is still outstanding.
At 1.9983 for 4 lots of 68 pips. 272 pips. 1 lot left. And SL moved to break even. 5 Long remain opened at 1.9930. SL moved to 1.9950.
Do not focus on making money; focus on protecting what you have.
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