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Cable Update (GBPUSD)

  • #22,901
  • Aug 7, 2007 3:09pm Aug 7, 2007 3:09pm
Quoting MPP
well at least we know who ate all the bulls LOL
LOL...

well, my trades now are, long story short, long dollar long...

cya later.
  • #22,902
  • Aug 7, 2007 3:13pm Aug 7, 2007 3:13pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting cesarnc
LOL...

well, my trades now are, long story short, long dollar long...

cya later.

is that how you lose weight, cough up some bulls.
  • #22,903
  • Aug 7, 2007 3:20pm Aug 7, 2007 3:20pm
Looks like me might range until the asia session, unless NY has a huge sell off.
Just Trade It
  • #22,904
  • Edited 3:23pm Aug 7, 2007 3:22pm | Edited 3:23pm
We could be ranging until London and the BOE Inflation report....

If there is a smell of a rate hike...we could see 0400 by the end of the week....
  • #22,905
  • Aug 7, 2007 3:33pm Aug 7, 2007 3:33pm
well its respecting the decending channel, i guess all them longs piling in will be giving us a new low some time soon
"Millionaires don't use astrology, billionaires do"
  • #22,906
  • Aug 7, 2007 3:37pm Aug 7, 2007 3:37pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
could do with a little help over the BOE release tomorrow - school holidays you see, so got to take the kids out.

currently short on GU, need some pointers on the potential effects of the news, no very good with fundimentals, still trading based on tech stuff.

regards

MPP
  • #22,907
  • Aug 7, 2007 3:50pm Aug 7, 2007 3:50pm
Quoting MPP
could do with a little help over the BOE release tomorrow - school holidays you see, so got to take the kids out.

currently short on GU, need some pointers on the potential effects of the news, no very good with fundimentals, still trading based on tech stuff.

regards

MPP
MPP the news doesnt matter. What has the strucutre of the market shown you since 7/24/07 after all the different news even a rate hike what is this telling ATM even todays action which i might add was very high volume. on that 1hr bar and where is the market NOW. Just watch out for random noise 60-80 points or so
"Millionaires don't use astrology, billionaires do"
  • #22,908
  • Aug 7, 2007 3:55pm Aug 7, 2007 3:55pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting OrionsWay
MPP the news doesnt matter. What has the strucutre of the market shown you since 7/24/07 after all the different news even a rate hike what is this telling ATM even todays action which i might add was very high volume. on that 1hr bar and where is the market NOW. Just watch out for random noise 60-80 points or so

I just thought the vote split was ment to be important, and that it would indicate future rates, which would then be calculated in.

so far i have stuck to my charts, either way MM will say me, i will adjust my SL before leaving in the morning to minimise risk might even get BE or plus some pips if this continues short through the night.

thanks for the reply

regards

MPP
  • #22,909
  • Aug 7, 2007 4:00pm Aug 7, 2007 4:00pm
Quoting MPP
I just thought the vote split was ment to be important, and that it would indicate future rates, which would then be calculated in.

so far i have stuck to my charts, either way MM will say me, i will adjust my SL before leaving in the morning to minimise risk might even get BE or plus some pips if this continues short through the night.

thanks for the reply

regards

MPP
Smart, the market is already pricing in a cpl months down the road in speculations. The market is way ahead of fundamentals

http://www.britefutures.com/quotes/default.aspx
"Millionaires don't use astrology, billionaires do"
  • #22,910
  • Aug 7, 2007 4:02pm Aug 7, 2007 4:02pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting OrionsWay
Smart, the market is already pricing in a cpl months down the road in speculations. The market is way ahead of fundamentals

http://www.britefutures.com/quotes/default.aspx
nice link, straight over my head. one day i may understand

thanks for the info

regards

MPP
  • #22,911
  • Aug 7, 2007 4:04pm Aug 7, 2007 4:04pm
Quoting MPP
nice link, straight over my head. one day i may understand

thanks for the info

regards

MPP

Those are sterling futures a derivative of cash. spot cash trades now futures trade NOW and many contracts from NOW in speculation
"Millionaires don't use astrology, billionaires do"
  • #22,912
  • Aug 7, 2007 4:14pm Aug 7, 2007 4:14pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting OrionsWay
Those are sterling futures a derivative of cash. spot cash trades now futures trade NOW and many contracts from NOW in speculation
And they are moving up based on the expected rate rise this year!

still confused, so will watch the market and your link from time to time, eventually will understand the link.
  • #22,913
  • Aug 7, 2007 4:40pm Aug 7, 2007 4:40pm
Quoting MPP
is that how you lose weight, cough up some bulls.
I'm shorting pounds compulsively

Quote
If there is a smell of a rate hike...we could see 0400 by the end of the week....

If my mother was a guy, she would be my father

Quote
could do with a little help over the BOE release tomorrow - school holidays you see, so got to take the kids out.

non-event

Quote
well its respecting the decending channel, i guess all them longs piling in will be giving us a new low some time soon

agreed
  • #22,914
  • Aug 7, 2007 4:48pm Aug 7, 2007 4:48pm
cesarnc

What are you thinking about Usd/Jpy?

I'm still holding my short... for the reasons i mentioned before and now i have another one....

---> http://www.forexfactory.com/showpost...postcount=2146

Momentum at daily chart (not an obligation)

I might be wrong but i can't see how.

I know you are dolar bullish but against the yen too?
  • #22,915
  • Edited 5:09pm Aug 7, 2007 4:57pm | Edited 5:09pm
Bear in mind we are entering the Silly Summer Season - of course one can never be certain, but I doubt whether any new (recent) highs or lows will be achieved over the next few weeks. Look at last year - the high of 9140 (08-08-06) wasn't challenged until October and wasn't breached until the 'Great Run' of November 06. Probably a good time to dust off the one minute charts and get your scalpers hat on!! Gee - the good old days of the 90's - seems like years ago.
I've got my pips - go get yours!
  • #22,916
  • Aug 7, 2007 4:58pm Aug 7, 2007 4:58pm
Quoting Warper
cesarnc

What are you thinking about Usd/Jpy?

I'm still holding my short... for the reasons i mentioned before and now i have another one....

---> http://www.forexfactory.com/showpost...postcount=2146

Momentum at daily chart (not an obligation)

I might be wrong but i can't see how.

I know you are dolar bullish but against the yen too?
Look at the weekly + 100 EMA

UJ bounced off this EMA in Jul 2005, pierced it during the Yen repatriation in Apr 2006, bounced off in Nov 2006, Mar 2007 and these days.

This freaking EMA is proven strong support. It also matches with 78% fib low 115.18 (Chinese meltdown) high 124.12.

I thought it would go today, but the stock market recovered and UJ reversed to the upside.

UJ is better off bottom fishing yet. I'm looking for the resumption of the uptrend, then 125+ when this jiter in NYC goes away.
  • #22,917
  • Aug 7, 2007 5:02pm Aug 7, 2007 5:02pm
Warper, i think if u dont mind holding a little heat and paying some intrest MT YEN will be around 111-113 area but ST it may find the nearby tops or above
"Millionaires don't use astrology, billionaires do"
  • #22,918
  • Edited 5:27pm Aug 7, 2007 5:15pm | Edited 5:27pm
Oh... i didnt see that coming.. thanks

I have to remember that big money trade on weekly charts.

But the march drop ended up on the 100 SMA almost by the pip, take a look...

So the 100 SMA might be in place right now on weekly, despite they are almost equal by this time.

I might use the 50 ema/sma (119.3x) on weekly as a pivot to get bullish combined with the rest.



The only reason i'm holding this is because i keep hearing that "the subprime meltdown is like an iceberg" "we didnt even scratched the surface",

They say this will be a story that will last a few years.

Maybe im believing in who i shouldnt believe, but its a cheap price to learn. When realize that im wrong i wait, i dont insist.



Orions if that happens, MM should do the trick of winning after getting hit unfairly for now.
  • #22,919
  • Aug 7, 2007 5:26pm Aug 7, 2007 5:26pm
I think you will be finding the 360 bar sma on week chart the beginning of test for support around 116.30

Warper, i dont think your wrong at all, u may just have to not watch it is all, over time you will be a big winner im sure of it. Daytrading it it will be chopppy.

Any anouncement from china about revalue and yen could drop a nickle in a cpl hrs
"Millionaires don't use astrology, billionaires do"
  • #22,920
  • Aug 7, 2007 5:40pm Aug 7, 2007 5:40pm
Quoting OrionsWay

Any anouncement from china about revalue and yen could drop a nickle in a cpl hrs
You might see your grandchildren having babies before that happens.

I still stick with the trend... every attempt to short UJ got me burned.
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