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Cable Update (GBPUSD)

  • #2,281
  • Dec 18, 2006 7:30am Dec 18, 2006 7:30am
Quoting katzenhai2
News Current Account: -226B
as expected... market reacting slowly...
  • #2,282
  • Dec 18, 2006 7:31am Dec 18, 2006 7:31am
It will react faster in the next several minutes.
Patience. I have not expected a big reaction to this news because it was not important enough. This is no NFP or CPI.
  • #2,283
  • Dec 18, 2006 7:32am Dec 18, 2006 7:32am
Quoting katzenhai2
It will react faster in the next several minutes.
why's that?
  • #2,284
  • Dec 18, 2006 7:33am Dec 18, 2006 7:33am
Quoting katzenhai2
It will react faster in the next several minutes.
Patience. I have not expected a big reaction to this news because it was not important enough. This is no NFP or CPI.
Yeah, but now I'm kindda insecure here... afraid of going down.... better scalp few pips and sit tight?
  • #2,285
  • Dec 18, 2006 7:35am Dec 18, 2006 7:35am
Well, the market has only made 90 pips so far and it will make the rest of the 130 pips now. Means 40 higher or lower than the last highs/lows. The big boys have money on hand and have a need to throw it away.
The longer no reaction, the harder it is in the end. Peple become nervous then.
  • #2,286
  • Dec 18, 2006 7:36am Dec 18, 2006 7:36am
Well, I expect now an up move (retracement), then a possible lower low. Depends on how far he climbs up. I will not trust the movement up now, it could be a search for a better sell price.
  • #2,287
  • Dec 18, 2006 7:40am Dec 18, 2006 7:40am
chickened out 4 20+ pips......
  • #2,288
  • Dec 18, 2006 7:42am Dec 18, 2006 7:42am
Quoting katzenhai2
Well, I expect now an up move (retracement), then a possible lower low. Depends on how far he climbs up. I will not trust the movement up now, it could be a search for a better sell price.
yeah... I'm out saving 18 pips... sitting tight to watch what this baby's gonna do today.....
  • #2,289
  • Dec 18, 2006 7:44am Dec 18, 2006 7:44am
Well, looks like only us from FF are in the market today
  • #2,290
  • Dec 18, 2006 7:44am Dec 18, 2006 7:44am
Good idea. The safest thing would be a breakout of the last high or low.
  • #2,291
  • Dec 18, 2006 7:45am Dec 18, 2006 7:45am
Quoting forexnovice
chickened out 4 20+ pips......
Nice one!

i don't think you could have done better than that. I only managed +10, I thought it would move more than this by now, not sure what to do next so I think I'll head off the beach!
Eish! If you don't fly with the eagles you'll scratch with the turkeys
  • #2,292
  • Dec 18, 2006 7:53am Dec 18, 2006 7:53am
Quoting katzenhai2
Good idea. The safest thing would be a breakout of the last high or low.
what low do you expect it to reach today
mama
  • #2,293
  • Dec 18, 2006 7:57am Dec 18, 2006 7:57am
heading back towards 9490....wonder where its gonna go...took 15+ pips on the retracement
  • #2,294
  • Dec 18, 2006 8:06am Dec 18, 2006 8:06am
does the tweezer bottom in the 15min charts suggest a southward direction? Just wanted ur opinion...thanx
  • #2,295
  • Dec 18, 2006 8:30am Dec 18, 2006 8:30am
Quoting forexnovice
does the tweezer bottom in the 15min charts suggest a southward direction? Just wanted ur opinion...thanx
appears to be going down does it not?
mama
  • #2,296
  • Dec 18, 2006 8:31am Dec 18, 2006 8:31am
I guess Im' done tonight (Manila time), movements are so slow. I will wait for the PPI instead tomorrow and from that we'll see some big moves.
  • #2,297
  • Dec 18, 2006 8:33am Dec 18, 2006 8:33am
How about long cable at 1.9491?????????? Any views.
  • #2,298
  • Dec 18, 2006 8:36am Dec 18, 2006 8:36am
I think its going down now.
1. TP 9448
2. TP 9433

Slow, depends on how you look on it. I expect faster moves in the next several minutes/hours. If it breaks, it breaks hard.

PS: Don't trade what I'm saying. I'm absolutely clueless.
  • #2,299
  • Dec 18, 2006 8:37am Dec 18, 2006 8:37am
Looks like a big tug oF war on the 15min candle @14.30gmt
Quoting Mama007
appears to be going down does it not?
  • #2,300
  • Dec 18, 2006 8:37am Dec 18, 2006 8:37am
Ok. Thanks.

I have SL at 1.9460.
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