DislikedGJ starts to drop down!!! No more halting power for the GU... thus FREE FALL!!!!!!Ignored
- #2,823
- Nov 27, 2007 10:21am Nov 27, 2007 10:21am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
USd/JPY still riding high.
Can someone please find some NEWS and resources that giving reason why the Dollar is strengthening now?USD CHF seems shooting up. Weird!!! :surprised
p/s: Perhaps... a little bit more PATIENCE is needed.
Cable trades relatively flat on the day caught between a better bid greenback and renewed global risk appetite on the back of a broad based rally in equities. The Citigroup announcement that it has agreed to sell a USD7.5B stake of equity in units to be converted into common shares, to the Abu Dhabi Investment Authority has infused the markets with a sense of confidence triggering significant buying in the higher yielding currencies. The US consumer confidence data this morning was disappointing coming in at its lowest level in two years but this has failed to factor into price action.
Lack of any real data out of the UK has the pair looking to the Euro for guidance and given the proximity of the latter to the critical psychological barrier by 1.5000, we see no reason for the barrier to not be tested in the near term. As such, this should continue to prop Cable despite the weaker underlying fundamentals out of the UK.
Technically, 2.0765 is the key level to watch above with the break of the latter opening a retest of 2.0845 which represents the 14th November high and coincides with the 61.8% fib retracement off of the 2.1160-2.0355 move. We would expect the 2.0845 area to provide good sell interest ahead of a resumption of setbacks. Key support comes in at 2.0600-2.0605 which represents the Monday"s low.
(By permission of Joel Kruger)
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- #2,826
- Nov 27, 2007 10:28am Nov 27, 2007 10:28am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Nicely Bounce Back at 50% Fibbo
- #2,830
- Nov 27, 2007 10:40am Nov 27, 2007 10:40am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
can SFB? lose a lot just now when US free falling. really crazy market.
If CARRY TRADES starts to UNWIND... more FREE FALL for CABLE and EU. To know how USD is strengthening or weakening... have a look at USD/CHF chart. STAY OUT IF UNSURE. 
- #2,831
- Nov 27, 2007 7:07pm Nov 27, 2007 7:07pm
- Joined Sep 2006 | Status: Trader | 2,163 Posts
"Invest With The Insiders, Not The Masses"
George Muzea
- #2,832
- Nov 27, 2007 8:04pm Nov 27, 2007 8:04pm
- Joined Oct 2007 | Status: Trader | 6,522 Posts
It seriously a game of TUG OF WAR between Cable... GbpJpy (Carry Trade) and DJI. Now that DJI start to BULL up again... carry with it GJ... pulling Cable Up. If DJI keep on BULLING up... maybe to 13000 mark... we might see CARRY TRADES winding up even higher... and CABLE might see 2.0700 again. Seriously tricky
Another nice prediction by "NUJUM PAK BELALANG" 
p/s: Profit a lot last night... I might take a day off today. Maybe just watching the market from time to time.
Well... DJI did shoot up to nearly 13000 last night and CABLE did shoot up above 2.0700 after touching 50% Fibbo. Oooohhh I am good at this
p/s: Profit a lot last night... I might take a day off today. Maybe just watching the market from time to time.
- #2,837
- Edited 12:49am Nov 28, 2007 12:31am | Edited 12:49am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
Finally I manage to open a demo account. Still trying to learn the tricks though.
Whenever you are free... just give me a call if you want to continue learning.p/s: I teach for free
- #2,839
- Nov 28, 2007 12:48am Nov 28, 2007 12:48am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
From FA... No news from UK today. Most likely gonna FOLLOW EURO... like yesterday.
Gonna be purely technical again for today until US session... with some influences from Euro.
From My TA... Higher possibility for Cable gonna break the UPPER Resistance on the TRIANGLE. Ready for BREAKOUT. We might see 2.0800 today. Looking at the H4 Stoch.... the BULL gonna dominate soon. Let see.
The 50% Fibbo is tested again. Twice now. Seems strong SUPPORT. On H1 chart creating DOUBLE BOTTOM
Expect the Unexpected. Where ever the market goes... just follow. Money Management wisely. Don't follow blindly... because I might change strategy if the market change psychology.
A.Y.O.R
Gonna be purely technical again for today until US session... with some influences from Euro.
From My TA... Higher possibility for Cable gonna break the UPPER Resistance on the TRIANGLE. Ready for BREAKOUT. We might see 2.0800 today. Looking at the H4 Stoch.... the BULL gonna dominate soon. Let see.
The 50% Fibbo is tested again. Twice now. Seems strong SUPPORT. On H1 chart creating DOUBLE BOTTOM
Expect the Unexpected. Where ever the market goes... just follow. Money Management wisely. Don't follow blindly... because I might change strategy if the market change psychology.
A.Y.O.R
- #2,840
- Nov 28, 2007 1:00am Nov 28, 2007 1:00am
- Joined Oct 2007 | Status: Trader | 6,522 Posts
The money already been deposited into the account. The problem is... the broker top up the OLD ACC instead put it in the FRESH NEW ACCOUNT. I want it to be in the Fresh New Account so that I can monitor the progression and calculate all the acc. summary purely based on the TRADING SYSTEM being influences by this thread... without distortion from past history.
Maybe another few days needed to activate the NEW ACC. That would be perfect because... I'll start trading on that acc on the 1st December 2007
Maybe another few days needed to activate the NEW ACC. That would be perfect because... I'll start trading on that acc on the 1st December 2007