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Cable Update (GBPUSD)

  • #14,061
  • May 31, 2007 9:11am May 31, 2007 9:11am
fall cable. fall.
BAM BAM BOOM! -bravado
  • #14,062
  • May 31, 2007 9:11am May 31, 2007 9:11am
i think news + key tech Resistance. cuz aside from GDP, which came out near exp., these other reports alone aren't typically the 'big movers'
tech R hit + no good news = no reason to be buying now.
  • #14,063
  • May 31, 2007 9:14am May 31, 2007 9:14am
i shorted E/U @ 69 (instead of G/U) after US GDP report and b4 the PMI cuz price was close to tech R which was already hit and I did not expect the PMI to move the mkt much even if the bias was for buying.
  • #14,064
  • May 31, 2007 9:22am May 31, 2007 9:22am
The "Crystal Ball" is pedicting once the support level is knocked out at 1.975 we will see a big drop down!
  • #14,065
  • May 31, 2007 9:23am May 31, 2007 9:23am
most of you should be +30 pips on this already.

it'll be sweet if it goes down more.
BAM BAM BOOM! -bravado
  • #14,066
  • May 31, 2007 9:50am May 31, 2007 9:50am
it's going to go up on the same path it was prior to the crappy news releases.

don't go short yet!

9775-9785 here we come again
“Past performance is not indicative of future results”
  • #14,067
  • May 31, 2007 9:59am May 31, 2007 9:59am
Quoting camisa
the best thing about my system is that it doesn't allow me to think... lol
since a while i used to think since my indicators don't make sense,
and because the market entered a bearish level on the short term, while i'm bullish on bot short & mid term,, i really like and mostly wish to see the cable touch the mid 02's and 03's levels,, so right now i only use logic,, then enter,, then pray, i really suffered the down trend from the 00 levels....
SER O NO SER, ESA ES LA CUESTION A SER O NO A SER, ESA EL LA PREGUNTA..
  • #14,068
  • May 31, 2007 10:02am May 31, 2007 10:02am
Quoting bravado
most of you should be +30 pips on this already.

you meant "break even" didn't ya ?? lol
“Past performance is not indicative of future results”
  • #14,069
  • May 31, 2007 10:11am May 31, 2007 10:11am
Quoting gobigo12
you meant "break even" didn't ya ?? lol
yap.
BAM BAM BOOM! -bravado
  • #14,070
  • May 31, 2007 10:12am May 31, 2007 10:12am
Quoting gobigo12
it's going to go up on the same path it was prior to the crappy news releases.

don't go short yet!

9775-9785 here we come again
I meant 9790-9810 guys.....sorry...lol

that only took 1 hour and 25 mins for it to get back to where it was prior to the PMI news.
“Past performance is not indicative of future results”
  • #14,071
  • May 31, 2007 10:20am May 31, 2007 10:20am
Quoting gobigo12
you meant "break even" didn't ya ?? lol
and got a better price @ 9810. my second short entry.
BAM BAM BOOM! -bravado
  • #14,072
  • May 31, 2007 10:20am May 31, 2007 10:20am
Am looking at a bear move to come.. Finish the diamond and get on with it... Todays market was f...d Spikey and whippy
  • #14,073
  • May 31, 2007 10:28am May 31, 2007 10:28am
have a nice +33 pips on the correction after the PMI, Housing Price Index & Construction Spending news.
I love when it retraces like that.

hope it keeps going up for the rest of the day.
now that would be sweet !!
“Past performance is not indicative of future results”
  • #14,074
  • May 31, 2007 10:32am May 31, 2007 10:32am
Quoting bravado
and got a better price @ 9810. my second short entry.

good deal, might see a small drop, but....

The five-wave rally from 1.9678 dictates the trend (bullish). The subsequent setback is in a corrective three waves and bolsters the outlook. A rally over 1.9831 would further strengthen the bullish outlook. All this should happen with 1.9734 intact and ideally with the market remaining above 1.9765
“Past performance is not indicative of future results”
  • #14,075
  • May 31, 2007 10:33am May 31, 2007 10:33am
Do someone know why the cable went up to 9817!! Is it its poor last night's fundamentals or the PMI was not strong enough!
My feeling that it will go back again to 97.40
  • #14,076
  • May 31, 2007 10:41am May 31, 2007 10:41am
Quoting ndvt241
Do someone know why the cable went up to 9817!! Is it its poor last night's fundamentals or the PMI was not strong enough!
My feeling that it will go back again to 98.40
it's where it wants to go and the news only screws with things temporarily.
if you look prior to the news today it was heading that way and is back on track. look for it to take out 9831 and watch the cable run then. still think the NFP and the other news tomorrow might throw a wrench into things, but then again it will correct after news possible next Mon. or Tues and head back upwards to the 9825 + area.

off to lunch while this Dragon sleeps.......shhhhh don't wake her while I'm gone !!!
http://www.dracocats.com/drgnslep.gif
“Past performance is not indicative of future results”
  • #14,077
  • May 31, 2007 10:48am May 31, 2007 10:48am
Quoting gobigo12
it's where it wants to go and the news only screws with things temporarily.
if you look prior to the news today it was heading that way and is back on track. look for it to take out 9831 and watch the cable run then. still think the NFP and the other news tomorrow might throw a wrench into things, but then again it will correct after news possible next Mon. or Tues and head back upwards to the 9825 + area.

off to lunch while this Dragon sleeps.......shhhhh don't wake her while I'm gone !!!
http://www.dracocats.com/drgnslep.gif
Ya, you right
But, I think it has to touch the 97.40 first

========
  • #14,078
  • May 31, 2007 10:51am May 31, 2007 10:51am
Quoting gobigo12
it's where it wants to go and the news only screws with things temporarily.
if you look prior to the news today it was heading that way and is back on track. look for it to take out 9831 and watch the cable run then. still think the NFP and the other news tomorrow might throw a wrench into things, but then again it will correct after news possible next Mon. or Tues and head back upwards to the 9825 + area.

off to lunch while this Dragon sleeps.......shhhhh don't wake her while I'm gone !!!
that's right the kind of news today cann't revise a trend or affect the momentum..

Good Trading...
SER O NO SER, ESA ES LA CUESTION A SER O NO A SER, ESA EL LA PREGUNTA..
  • #14,079
  • May 31, 2007 10:57am May 31, 2007 10:57am
Quoting ndvt241
Form NDVT 241:
The TREND is the MONEY that move the market
When I said "the trend is reversing up" means; money is moving the market up. so it is not just an opinion. also, the Fundamentals are not an opinion

=============================
People can have an opinion and not act on it. It is money on the line that moves market.

What a market "should" do doesn't matter. Whatever news or fundamentals happens doesn't matter. It is what the consensus detemines how the news and/or fundamentals will effect the current market price that in the end really matters.
  • #14,080
  • May 31, 2007 11:00am May 31, 2007 11:00am
Quoting ndvt241
Ya, you right
But, I think it has to touch the 97.40 first
it did already 3 times.
http://i8.tinypic.com/548rn5s.jpg
“Past performance is not indicative of future results”
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