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Cable Update (GBPUSD)

  • #3,321
  • Dec 25, 2006 7:27pm Dec 25, 2006 7:27pm
I wouldn't ever trade based on these holiday quotes, because they get squirrley. I saw that Bloomberg quote over 1.97 and I thought that maybe the Asian markets ran it up because they were trading outside of all the money in the European and U.S. markets, and maybe that is actually what they did. To quote Mr. T, however, I pity the fools, because price is right back where it should be now. I wonder what will happen when London opens, however...
"The time to act is when others show signs of tire." --W.D. Gann
  • #3,322
  • Dec 25, 2006 7:28pm Dec 25, 2006 7:28pm
I wish I was Japanese and put on a short at 1.9744...
"The time to act is when others show signs of tire." --W.D. Gann
  • #3,323
  • Dec 25, 2006 8:08pm Dec 25, 2006 8:08pm
Guys (and maybe Gals)

I am a little concerned about what has been happening today. It is Christmas Day and I cannot stay away from my computer for more than a few hours at a time!! My broker is shut down so I can't possibly enter a trade, but I still feel the compulsion to check and try to pick up some ideas as to what is happening in the market. Is there a F.T.A.? (Forex Traders Annoymous) The self destruction of "The Cowboys" didn't help much either !! Anyway, anxious for everything to return to normality. A Merry Christmas and Happy New Year to each of you. May we all have a prosperous 2007 !!
  • #3,324
  • Dec 25, 2006 8:16pm Dec 25, 2006 8:16pm
13:10 CST 19:10 GMT

Bloomberg 1.9740
Oanda 1.9619

I placed a buy at 1.9619 for 1000 units.

20:10 CST 20:10 GMT

Bloomberg 1.9592
Oanda 1.9596
Attached Image
  • #3,325
  • Dec 25, 2006 8:44pm Dec 25, 2006 8:44pm
Stop trading!

I'm guilty, too! This is ridiculous! Have Christmas! The market will be there tomorrow! Close your trades, black or red! Quit it! How much can it move? Get in tomorrow wherever you think it will go! I'm done, to all Merry Christmas, and to all a good night!

Duke
"The time to act is when others show signs of tire." --W.D. Gann
  • #3,326
  • Dec 25, 2006 8:58pm Dec 25, 2006 8:58pm
Ya duke,

merry christmas and its boxing day here now.

happy trading.
Right teaching produces right believing leads to right living. - J.P
  • #3,327
  • Dec 25, 2006 9:43pm Dec 25, 2006 9:43pm
i think this was a thanksgiving redo. i am sure it will continue since boxing day will keep the european, british and canadian markets will be closed. 50-50 that the market will have another big move before then end of trading tuesday. way to go birds in defeating the mouth of the south T.O.!!! woohoo!!!!
  • #3,328
  • Dec 25, 2006 11:16pm Dec 25, 2006 11:16pm
Us Americans have no Boxing Day. Our Boss is Boss 365 days a year. So back to work like the dogs that we are, but I still have 1 hour of xmas left!
"The time to act is when others show signs of tire." --W.D. Gann
  • #3,329
  • Dec 26, 2006 2:33am Dec 26, 2006 2:33am
Monarch

I get those reports weekly from
[email protected]
mama
  • #3,330
  • Dec 26, 2006 2:59am Dec 26, 2006 2:59am
Good morning to all, I was wondering if this week is worth staying in front of the computer to trade.

Well, last week of 2005 had a market going on indeed. Although the day after X-Mas - like today - seemed to be quiet in the daily chart.

Thoughts?
  • #3,331
  • Dec 26, 2006 4:02am Dec 26, 2006 4:02am
Quoting cesarnc
Good morning to all, I was wondering if this week is worth staying in front of the computer to trade.

Well, last week of 2005 had a market going on indeed. Although the day after X-Mas - like today - seemed to be quiet in the daily chart.

Thoughts?
It is a bit quiet, yu can still scalp a few pips though.

Maybe the home sales report tomorrow will speed thngs up a bit....
Thanks, Damian Burrowes
  • #3,332
  • Dec 26, 2006 4:12am Dec 26, 2006 4:12am
Quoting 5leepless
It is a bit quiet, yu can still scalp a few pips though.

Maybe the home sales report tomorrow will speed thngs up a bit....
Not even scalping seems feasible... My broker's spread is 4 pips. The market's range is 7 pips
  • #3,333
  • Dec 26, 2006 4:32am Dec 26, 2006 4:32am
Quoting cesarnc
Not even scalping seems feasible... My broker's spread is 4 pips. The market's range is 7 pips
i've given up. Think i'll just spend boxing day relaxing for once.
Thanks, Damian Burrowes
  • #3,334
  • Dec 26, 2006 5:06am Dec 26, 2006 5:06am
I still think a move is to occur. Maybe the only one for the day... better keep eyes open...

Alarms all over my charts, already
  • #3,335
  • Dec 26, 2006 5:09am Dec 26, 2006 5:09am
currency dont move much, but did check comodities, and they have moved allright grrrr.....and i am still here where i cant trade,...so ill read,...oil to 70s is in the news,...that means nothing good to dolar
its just money
  • #3,336
  • Dec 26, 2006 5:11am Dec 26, 2006 5:11am
Quoting de123
currency dont move much, but did check comodities, and they have moved allright grrrr.....and i am still here where i cant trade,...so ill read,...oil to 70s is in the news,...that means nothing good to dolar
Interesting... Let's then wait for NYC players....
  • #3,337
  • Dec 26, 2006 5:14am Dec 26, 2006 5:14am
Quoting cesarnc
Interesting... Let's then wait for NYC players....
Cesarnc

New York plays start at 1.30 GMT ? Is that right .. What are your alrms telling you down or up for GBP

Thanks
mama
  • #3,338
  • Dec 26, 2006 5:21am Dec 26, 2006 5:21am
Quoting Mama007
Cesarnc

New York plays start at 1.30 GMT ? Is that right .. What are your alrms telling you down or up for GBP

Thanks
I open my eyes to NYC at 0800 (EDT) = 1300 GMT First 3 hours seems to hold the biggest moves. Sice today is so quiet, maybe this 3 hours window will be the only chance to trade today...

No idea on GBP direction. As posted previously, looks like oil price is bad to dollar. My guess would be an up move in a 30 pips range or so... That was what happened on Dec 26, 2005.

But I'll go in after seeing price activity only...
  • #3,339
  • Edited 6:17am Dec 26, 2006 5:38am | Edited 6:17am
Yesterday i watched some news on TV, and Etiopia officialy declare war over Somalia Islamistic country, and in Russia in border to Georgia and Cecnia, there was some shooting seen,...do u think that gold may have found the 2nd ground at 614,...a week ago,...and now is at 627,.... for oil i am preety sure we will see some ups,..66.5 will be my target, now its 63.2,...just dont know when to buy,...
its just money
  • #3,340
  • Dec 26, 2006 7:31am Dec 26, 2006 7:31am
Quoting cesarnc
I open my eyes to NYC at 0800 (EDT) = 1300 GMT First 3 hours seems to hold the biggest moves. Sice today is so quiet, maybe this 3 hours window will be the only chance to trade today...

No idea on GBP direction. As posted previously, looks like oil price is bad to dollar. My guess would be an up move in a 30 pips range or so... That was what happened on Dec 26, 2005.

But I'll go in after seeing price activity only...
looks like today is'nt going to be so bad afterall. Currenly short and it seems to be going my way
Thanks, Damian Burrowes
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