I really can't understand this strange action made by cable directly after the US session close
The bright side is that there won't be strength to crack 0160 upwards until London minimum, imo.
Cable Update (GBPUSD)
- #28,041
- Aug 30, 2007 4:24pm Aug 30, 2007 4:24pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #28,042
- Aug 30, 2007 4:25pm Aug 30, 2007 4:25pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
I really can't understand this strange action made by cable directly after the US session close
- #28,043
- Aug 30, 2007 4:26pm Aug 30, 2007 4:26pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
I hope it happens tomorrow.......
Save that beer...you might need a couple after Bernanke speaks.....
800 pips climb in 4-6 weeks? Been there, seen that....
Soros_Jr!!!! we are coming to get'ya!!!!!!!!!!!!!
- #28,044
- Aug 30, 2007 4:26pm Aug 30, 2007 4:26pm
- Joined Jun 2006 | Status: Trend is not my friend | 1,492 Posts
- #28,045
- Aug 30, 2007 4:31pm Aug 30, 2007 4:31pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
If this SOB pops to the upside, I go for 2.1 from here...
800 pips climb in 4-6 weeks? Been there, seen that....
Soros_Jr!!!! we are coming to get'ya!!!!!!!!!!!!!
Either way...there is pips to be made...the question is when will it happen...
- #28,047
- Aug 30, 2007 4:37pm Aug 30, 2007 4:37pm
- Joined Jun 2006 | Status: Trend is not my friend | 1,492 Posts
All the S/R / trendlines / fibo retracements / PB / whatever i can see on the chart tell me to buy with a highest target between 2.02 and 2.0275 for tomorrow. Maybe I'm wrong, but that's the position I took yet
Anyway, it's just speculation.
- #28,049
- Aug 30, 2007 4:39pm Aug 30, 2007 4:39pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
To the downside there would at least be a test of 9650 again......
Either way...there is pips to be made...the question is when will it happen...
If cable does not get too far from the triangle, it is likely it will retest it on Monday. Otherwise it will be a non-stop pip spree
Of course I want to believe that, with dow jones hanging by a floss just above 13K, Bernanke won't be stupid enough not to say what the market wants to hear. He can even say "cut" tomorrow and don't cut in September. But I don't think he wants to be remembered as the 11K's President
So... my bias is still up. But as a good whore, I'm for the highest bidder. If he's a bear, so be it
- #28,051
- Aug 30, 2007 4:44pm Aug 30, 2007 4:44pm
- | Joined May 2007 | Status: Trader | 4,716 Posts
The range is already too tight in the large timeframes. Bernanke tomorrow will be the spark. I have no doubt.
If cable does not get too far from the triangle, it is likely it will retest it on Monday. Otherwise it will be a non-stop pip spree
Of course I want to believe that, with dow jones hanging by a floss just above 13K, Bernanke won't be stupid enough not to say what the market wants to hear. He can even say "cut" tomorrow and don't cut on September. But I don't think he wants to be remembered as the 11,000K's President
So... my bias is still up. But as a good whore, I'm for the highest bidder. If he's a bear, so be it
) and then set us up for a nice "long" ride to end the week... Out to exercise...see ya at the Asian session for further clues.....
- #28,052
- Aug 30, 2007 4:58pm Aug 30, 2007 4:58pm
- Joined Jun 2006 | Status: Trend is not my friend | 1,492 Posts
- #28,053
- Aug 30, 2007 5:00pm Aug 30, 2007 5:00pm
- Joined Jun 2006 | Status: Trend is not my friend | 1,492 Posts
I'm feeling a long also..but would like it to come down (save Pino
Out to exercise...see ya at the Asian session for further clues.....
:
- #28,054
- Aug 30, 2007 5:04pm Aug 30, 2007 5:04pm
and missed an enormous triangle going on in the 4h chart, going back to 2.0460!!!! ..... Too good it wasn't today.. but when this breakout comes, abandon all hopes, it will be MASSIVE http://i2.photobucket.com/albums/y28/cesarnc/rules.jpg
You don't need to look at H4 if you want...
Just ask me! I'm a big H4 junkie!
I completly ignore anything below and i put dailies and weeklys aside for many time, i shouldn't do that but H4 charts are just perfect, if they were a war object i would call them sniper googles.Of course it was a ugly day to trade, my "googles" are looking at a nuclear bomb being switched on.
Pino2
The way i see it, you are dealing with a coin flip.
Lets see...
1- Bernanke goes dovish, you lose.
2- Bernanke remains neutral/hawkish, you win.
Probability of the first choice? 20% maybe?
Probability of the second choice... 80%.
Considering this you have good chances but...
There is a good chance of the second choice give you a heart attack.
Because... it will not be the first time that the market reacts good at the end of the day, after that kind of statement from the Fed.
"credibility assured... good leadership... Fed not panicking" they say...
And i say this because they have this rates for 1 year and the trend is the same.
In resume, this entire problem could be very well described like a "Kid crying and annoying his parents to give him more lolypops"
Eventually the kid will quit from crying and will hang aroung with the 10 lolypops he hide in the pockets.
Recession? Maybe one day.... but not yet.
When i saw another day that the response of Goldman Sachs for this credit crunch is lowering their leverage from 6:1 to 3:1 i finally realized that we are indeed dealing with kids wanting more toys to play.
3:1 in a credit crunch is funny, very funny!
Hope you make it, but do not enter in this days again! They just suck!
- #28,055
- Aug 30, 2007 5:14pm Aug 30, 2007 5:14pm
- Joined Jun 2006 | Status: Trend is not my friend | 1,492 Posts
LoL.
Pino2
The way i see it, you are dealing with a coin flip.
Lets see...
1- Bernanke goes dovish, you lose.
2- Bernanke remains neutral/hawkish, you win.
Probability of the first choice? 20% maybe?
Probability of the second choice... 80%.
I hope that the 2nd choice is the one to happen tomorrow, but I hope as well that he goes hawkish and then sleep immediatley, coz every word comes out from this man affects the prices, so please Bernanke Hawkish then Sleep
- #28,056
- Aug 30, 2007 5:18pm Aug 30, 2007 5:18pm
- Joined Jun 2006 | Status: Trend is not my friend | 1,492 Posts
I'm trading on my live account
1st key for cable for the upside is 2.0127 and it was reached, 2nd one is 2.0140 followed by 2.0160, I hope from the deep of my heart that these 2 figures won't be reached today or at least 2.0160
2.0160 I saw you on Monday, Wednesday, Thursday, why don't you try to take a paid dayoff on Friday, please don't show on tomorrow, try to give us a time to miss your absence at least for tomorrow, thank you in advance
Thank you cable
- #28,058
- Aug 30, 2007 5:46pm Aug 30, 2007 5:46pm
LoL.
...
"credibility assured... good leadership... Fed not panicking" they say...
...
'credibility... leadership... not panicking...'
Right.
And it's only 88 degrees outside... uh-ah
Cable is my sugardaddy
- #28,059
- Aug 30, 2007 5:54pm Aug 30, 2007 5:54pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
For me it's good enough that Bernanke is going to the Hole tomorrow.
http://media4.cnbc.com/i/CNBC/Sectio.../JH_Header.jpg
Hope he does not drag us with him
http://media4.cnbc.com/i/CNBC/Sectio.../JH_Header.jpg
Hope he does not drag us with him
- #28,060
- Aug 30, 2007 6:36pm Aug 30, 2007 6:36pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts