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:: Cable (GBPUSD) Trend Trading ::

  • #581
  • May 22, 2007 3:40am May 22, 2007 3:40am
Hope somebody else is reading this....'cause still long

0830 GMT [Dow Jones] Fund managers are turning more bearish on the USD, says BNP Paribas, with a sharp increase in bullish expectations for EUR/USD and GBP/USD, offset by slightly stronger sentiment for USD/JPY. The bank's monthly survey for May, conducted with IP&E Investment Managers, said sentiment has shifted. "The latest survey reveals a sharp increase in the number of fund managers expecting a fall in the USD," the bank says. EUR/USD at 1.3462; GBP/USD at 1.9720; USD/JPY at 121.48
  • #582
  • May 22, 2007 5:37am May 22, 2007 5:37am
30 pip range today. Not even good for scalpers so far. Last 1.9714.
Do not focus on making money; focus on protecting what you have.
  • #583
  • May 22, 2007 5:49am May 22, 2007 5:49am
1.9679 SL 1.9579 TP 1.9779 Last 1.9711. Entry just above yesterday's six-week low of 1.9677. We may get a bounce off its bearish channel support.

http://www.tradingcentral.com/chart/...0522122154.GIF

Do not focus on making money; focus on protecting what you have.
  • #584
  • May 22, 2007 5:52am May 22, 2007 5:52am
Quoting Navigator
Hope somebody else is reading this....'cause still long. 0830 GMT [Dow Jones] Fund managers are turning more bearish on the USD, says BNP Paribas, with a sharp increase in bullish expectations for EUR/USD and GBP/USD.
I hope they start doing something soon then!! This is as bad as watching paint dry.
Do not focus on making money; focus on protecting what you have.
  • #585
  • May 22, 2007 5:53am May 22, 2007 5:53am
Quoting Vantage
I wasn't expecting that sell order from you this morning. There is also a pivot level at .9744 and a 1.62 fib extension at .9743.
But nothing much is helping today. Out for lunch - see you later.
Do not focus on making money; focus on protecting what you have.
  • #586
  • May 22, 2007 5:59am May 22, 2007 5:59am
Quoting Why Oh Why
I hope they start doing something soon then!! This is as bad as watching paint dry.
In the waiting for Paulson + China outcome?
  • #587
  • May 22, 2007 6:55am May 22, 2007 6:55am
Quoting Why Oh Why
I hope they start doing something soon then!! This is as bad as watching paint dry.
what do you mean
  • #588
  • May 22, 2007 8:00am May 22, 2007 8:00am
Quoting Devil
what do you mean
Is boring. Perhaps too English for our international community here?
Do not focus on making money; focus on protecting what you have.
  • #589
  • May 22, 2007 8:14am May 22, 2007 8:14am
That spike to 746 touched my 5 min upper 34 EMA envelope, so I´ve taken a small short at 744 - a bit late as I wasnt watching - now to see if it can break the the actual 34 EMA, with the MA turning down, to add another position. At present, that will be in the 730 area.

NB This entry is supported by the lower high in the Euro, which held under its 5min 200EMA
Trading Levels with WRBs
  • #590
  • May 22, 2007 8:40am May 22, 2007 8:40am
Quoting Islander
That spike to 746 touched my 5 min upper 34 EMA envelope, so I´ve taken a small short at 744
I was a couple of pips away from entry. C'est la vie.
Do not focus on making money; focus on protecting what you have.
  • #591
  • May 22, 2007 9:01am May 22, 2007 9:01am
Sell interest is suggested at 1.9750 - 4 pips above today's high. Further offers are at 1.9780 - a pip above last Friday's peak. Sterling support points include 1.9720 (today's Asian session top), 1.9702 (today's Asian session base) and 1.9677 (yesterday's six-week low). Last 1.9737. Another hour of too and fro?
Do not focus on making money; focus on protecting what you have.
  • #592
  • May 22, 2007 11:26am May 22, 2007 11:26am
Quoting Why Oh Why
1.9747 SL 1.9847 TP 1.9647 Last 1.9719.
Last 1.9756.
Do not focus on making money; focus on protecting what you have.
  • #593
  • May 22, 2007 11:32am May 22, 2007 11:32am
Quoting Why Oh Why
1.9755 SL 1.9655 TP 1.9855. Last 1.9790.
Last 1.9752. Back near to break even.
Do not focus on making money; focus on protecting what you have.
  • #594
  • May 22, 2007 11:39am May 22, 2007 11:39am
Sell limit opened and looking for 1.9703 then 1.968. But I'll have a challenge above 1.9755 again because then we're looking at 1.9776 and 1.9799. It is banging against its bearish channel resistance. Last 1.9755.

http://www.tradingcentral.com/chart/...0522151932.GIF

Do not focus on making money; focus on protecting what you have.
  • #595
  • May 22, 2007 11:53am May 22, 2007 11:53am
See you in my morning. 5 long now in profit by 4 and new 5 short now a loss of 16 each. 100 TP/SL remain and our range today was 67. Similar tomorrow? Perhaps not. Last 1.9759/63.
Do not focus on making money; focus on protecting what you have.
  • #596
  • May 22, 2007 11:31pm May 22, 2007 11:31pm
Short back to break even and long a 12 pip open loss. Last 1.9743/47.
Do not focus on making money; focus on protecting what you have.
  • #597
  • May 22, 2007 11:41pm May 22, 2007 11:41pm
BOE hiked the interest rate last time it met, so now the question is how much support was given for that hike. If anybody has joined the Blanchflower camp now GU may go down. If it was unanimous we may see a move north.
Do not focus on making money; focus on protecting what you have.
  • #598
  • May 23, 2007 12:11am May 23, 2007 12:11am
Selling interest is believed to be firm between 1.9770 -1.9800 and an overnight high of 1.9769 suggests that the selling is real. Bids may be expected around last week's low of 1.9680.
Do not focus on making money; focus on protecting what you have.
  • #599
  • May 23, 2007 12:43am May 23, 2007 12:43am
Still hoping it would climb up to 1.9780 to close all my open trades ... Any idea what would be the results of the BoE?
  • #600
  • May 23, 2007 12:56am May 23, 2007 12:56am
Quoting afirozia
Still hoping it would climb up to 1.9780 to close all my open trades ... Any idea what would be the results of the BoE?
Expected BOE voted 8:1 for a hike. Wish I knew. Somebody else might have joined Blanchflower. If so, expect a drop. I'd favour that more than a unanimous. Great to see you here afirozia,
Do not focus on making money; focus on protecting what you have.
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