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Cable Update (GBPUSD)

  • #13,321
  • May 22, 2007 2:40pm May 22, 2007 2:40pm
Quoting marketwavez
Hi the Sun ////
I will speak the language of Gbp/Usd ////////
---------------------------------------------------
It's good to see that you are here .....
Your chart confirms my analysis but if I'm right, I'm just lucky. But if your right I'll be moving into your trading room. Thanks
  • #13,322
  • May 22, 2007 2:47pm May 22, 2007 2:47pm
Quoting winterwhite
WTB:

I doubt that anyone would have expected the drop
in the Euro and Pound when all Euro announcements
were positive. How does your above analysis fit into what
happened here after the Zew results were announced?
I dont analyze fundamentals. I analyze the outcome of one very spike and whether the trend overwhelmed it or not. I dont care if the news are positive or negative, only about where the spike rebounded on the chart.
  • #13,323
  • May 22, 2007 2:47pm May 22, 2007 2:47pm
Well ive still got shorts from 1.9738 and 1.9758 open. What I am looking for near term to verify these shorts (hopefully make me a bit happier with them) is

USD/CHF to climb higher and attempt to break resistance at 1.2330 and stay above 1.2285

GBP/JPY to drop below 164 and sustain it.

cable to drop below mid channel trend line

my techincal inicators are bearish now but they like to lie sometimes

-------------------------------------------------------------------

Issue for tomorrow is BOE meeting minutes out tomorrow at 9.30am could be biggest factor in dictating direction. I suspect vote would be 9-0 that all would have wanted a rate rise against 8-1 predicted. (61 out of 61 analysts called for a rate hike of 25 points). 7-2 would be bearish.

However I suspect the most important thing about the vote would be if any members voted for a 50 base point rise. 50 base point votes would be bullish for cable as would indicate more chance of another interest rate hike soon.

very important news.

Could be some hurt tomorrow!
  • #13,324
  • May 22, 2007 2:50pm May 22, 2007 2:50pm
Quoting bravado
yea. must've been a slow day for relevant news.
GJ at 240 made my day... Pre-BOE minutes action.
  • #13,325
  • May 22, 2007 3:00pm May 22, 2007 3:00pm
Quoting winterwhite
WTB:

I doubt that anyone would have expected the drop
in the Euro and Pound when all Euro announcements
were positive. How does your above analysis fit into what
happened here after the Zew results were announced?
Quoting WTB
I dont analyze fundamentals. I analyze the outcome of one very spike and whether the trend overwhelmed it or not. I dont care if the news are positive or negative, only about where the spike rebounded on the chart.

Maybe we can get a good explantion for this from Cesarnc ?.........
  • #13,326
  • May 22, 2007 3:07pm May 22, 2007 3:07pm
Quoting cesarnc
GJ at 240 made my day... Pre-BOE minutes action.
nice.
BAM BAM BOOM! -bravado
  • #13,327
  • May 22, 2007 3:19pm May 22, 2007 3:19pm
usd/gbp or elbac as its more commonly known . Only joking
  • #13,328
  • May 22, 2007 3:23pm May 22, 2007 3:23pm
Quoting marketwavez
Maybe we can get a good explantion for this from Cesarnc ?.........
Trading fundamentals is not news trading.

Today, BA/Iberia takeover talks started the pressure on EURGBP

Then market pushed GBP up across the board on BOE minutes rumors having it to come out 9-0. I doubt, but the market traded it.

Oil down (also on fundies) put pressure on CAD. So it was a day to reload the shorts off the USDCAD highs with GBPJPY profits for me.

USDCHF got hit on SNB's Roth talk. Looking short lived so far.

EURUSD mixed-to-negative on Trichet's B.S.

Dollar still fuelled on US Trasury moving higher after yesterday fall. That's putting EURUSD under pressure, too.

That's what I'm on lately...

I use techis to go in and out only. Like GU stopping at expected resistance (which made me drop my GJs), USDCAD, EJ, UJ trading most of the session between daily pivot levels... I just don't try to anticipate the upcoming moves from techis. There comes Paulson and China and British Airways and smash your "It wills" like mosquitos.
  • #13,329
  • May 22, 2007 3:28pm May 22, 2007 3:28pm
Quoting marketwavez
Maybe we can get a good explantion for this from Cesarnc ?.........
Good enough, or do you want me to draw it with crayons?

  • #13,330
  • May 22, 2007 3:28pm May 22, 2007 3:28pm
Good time to short GBPUSD now. Trend is with us, boys and girls. Is anybody still long? Reasons?
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #13,331
  • May 22, 2007 3:29pm May 22, 2007 3:29pm
Quoting el_duende
usd/gbp or elbac as its more commonly known . Only joking
elbac is cable backwards. for those who don't get this joke like me.
BAM BAM BOOM! -bravado
  • #13,332
  • May 22, 2007 5:46pm May 22, 2007 5:46pm
After editing out the colors of the rainbow and the slashes/dashes/gashes whatnot I am left with:

Quoting marketwavez

All the so called " Professionals " in here and out there are only concerned
about being right on the call ..............................................
Only fools are concerned with being right all the time !
Who are these professionals here only "concerned with being right all the time"?

I do strongly agree that it is more important to concern oneself with trade and money management than trading itself.
  • #13,333
  • May 22, 2007 7:36pm May 22, 2007 7:36pm
I had a dream yeaterday night.....GBP/USD Rockets to 1.9900. Any trader out there willing to push it to this height today?

Question Guys : How much money to move a market trend? Aren't we the Trend MAKER?

-----------------------I lived to see the day again------------------------------
  • #13,334
  • May 22, 2007 8:39pm May 22, 2007 8:39pm
Dumb Question for the Technical Meta Trader 4 people.
is there any type of codes or program that will make an
alarm sound when a certain price is hit that you select?

I'm sure there has to be something out like this.


anyone ?

thanks
“Past performance is not indicative of future results”
  • #13,335
  • May 22, 2007 9:17pm May 22, 2007 9:17pm
I don't know if anyone has ever told you but:

Using Bold type and large font is the equivalence of SHOUTING
  • #13,336
  • May 22, 2007 9:47pm May 22, 2007 9:47pm
Click on the "Alert" tab. And then right click on the mouse and an alert window will pop up:

http://img402.imageshack.us/img402/6131/alert1ox8.gif
  • #13,337
  • May 22, 2007 9:57pm May 22, 2007 9:57pm
Quoting SunTrader
I don't know if anyone has ever told you but:

Using Bold type and large font is the equivalence of SHOUTING

THANKS !


and Thanks Banzai !
“Past performance is not indicative of future results”
  • #13,338
  • May 22, 2007 10:00pm May 22, 2007 10:00pm
Quoting gobigo12
THANKS !


and Thanks Bonsai !
I guess that answers that question.
  • #13,339
  • May 23, 2007 1:25am May 23, 2007 1:25am
Dear dear, what a lot of ruffled feathers during the last few hours.

OK, so this IS a cable thread, but lots of posts from many of the long term contributors are about other major pairs or indices, bonds etc as ALL of these markets inter-act with each other - just look at the excellent heads up from the falling Euro and rising Swissy earlier this morning - or yesterday if you´re looking at the hourly´s.

I agree that maybe so many consecutive charts are a little overpowering - but IMO relevent to helping make money out of trading cable.

If the moderator didnt see their relevence he would have commented by now.

Isnt the free sharing of other opinions -with which we may choose to disagree -part of the developement of becoming a profitable trader?

Back to my trading screen for the BOE mins.

http://www.forexfactory.com/images/icons/icon7.gif
Trading Levels with WRBs
  • #13,340
  • May 23, 2007 1:39am May 23, 2007 1:39am
BOE meeting voted 9 - 0
Give me patience
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