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Cable Update (GBPUSD)

  • #4,541
  • Jan 3, 2007 6:09am Jan 3, 2007 6:09am
Quoting sebytim
4h trendline has beem touched.
Beautifully, by the way...
  • #4,542
  • Jan 3, 2007 6:10am Jan 3, 2007 6:10am
very beautiful.

:


Quoting cesarnc
Beautifully, by the way...
  • #4,543
  • Jan 3, 2007 6:14am Jan 3, 2007 6:14am
Quoting sebytim
4h trendline has beem touched.
it tl is broken it seem that it could be a ways down at least to 9515 or lower. stopped out on earlier long at 9617 will wait for ism numbers and then look for next move
  • #4,544
  • Jan 3, 2007 6:18am Jan 3, 2007 6:18am
Not yet.
The 4h bar is not closed yet. Also MacD didn't pounched through its trigger line.

Wait and we will see.

Quoting obeewon
it tl is broken it seem that it could be a ways down at least to 9515 or lower. stopped out on earlier long at 9617 will wait for ism numbers and then look for next move
  • #4,545
  • Jan 3, 2007 6:19am Jan 3, 2007 6:19am
Quoting obeewon
will wait for ism numbers and then look for next move
Forecast is too close to 50. Figures above 50 are USD-friendly, below 50, bad for USD... So, that will be fun
  • #4,546
  • Jan 3, 2007 6:23am Jan 3, 2007 6:23am
The ISM manufacturing has recently began to move the market very well.The expected number is 50.0. This should be a pretty cut and dry trade as this release is coming out pretty much on its own.

The other release that is coming out at the same time is the Construction Spending and that will have little or no impact. I will however keep an eyeon the ISM Prices Paid but that will be more for confirmation.If the release comes out higher than expected by 1.8 or more I will go short on GBP/USD and if it comes out 1.8 lower than expected I will go long on GBP/USD.

This data will come out at 10am eastern and I will be looking for around 30 pips.


Quoting cesarnc
Forecast is too close to 50. Figures above 50 are USD-friendly, below 50, bad for USD... So, that will be fun
  • #4,547
  • Jan 3, 2007 6:27am Jan 3, 2007 6:27am
confirmed reversal, will only go with 2 lots. long @ 9614 - 1st tp = 9654, sl -9592
Man who scratches ass should not bite fingernails
  • #4,548
  • Jan 3, 2007 6:29am Jan 3, 2007 6:29am
Quoting sebytim
The ISM manufacturing has recently began to move the market very well.The expected number is 50.0. This should be a pretty cut and dry trade as this release is coming out pretty much on its own.

The other release that is coming out at the same time is the Construction Spending and that will have little or no impact. I will however keep an eyeon the ISM Prices Paid but that will be more for confirmation.If the release comes out higher than expected by 1.8 or more I will go short on GBP/USD and if it comes out 1.8 lower than expected I will go long on GBP/USD.

This data will come out at 10am eastern and I will be looking for around 30 pips.
I would be careful as a reading above or at 50 may be already priced in.
Man who scratches ass should not bite fingernails
  • #4,549
  • Jan 3, 2007 6:31am Jan 3, 2007 6:31am
You're right.

Quoting Leugimp
I would be careful as a reading above or at 50 may be already priced in.
  • #4,550
  • Jan 3, 2007 6:35am Jan 3, 2007 6:35am
I will follow your trade with my demo account :
Quoting Leugimp
confirmed reversal, will only go with 2 lots. long @ 9614 - 1st tp = 9654, sl -9592
  • #4,551
  • Jan 3, 2007 6:36am Jan 3, 2007 6:36am
It seems that the market is waiting for some us traders.

I have 15 minutes to eat something. No, not an us trader.
  • #4,552
  • Jan 3, 2007 6:37am Jan 3, 2007 6:37am
so it went back Leugimp,...
its just money
  • #4,553
  • Jan 3, 2007 6:40am Jan 3, 2007 6:40am
or not ??

Quoting de123
so it went back Leugimp,...
  • #4,554
  • Jan 3, 2007 6:46am Jan 3, 2007 6:46am
from yesterdays gap it did,...leugimp had good short entry, when evrybody was going long!!
its just money
  • #4,555
  • Jan 3, 2007 6:49am Jan 3, 2007 6:49am
Sorry de123.

I missunderstood u. I thaught that you are reffering at the fact that right now GBP is not going a little bit long. Leugimp is long right now with 2 lots.

Sorry again.

Quoting de123
from yesterdays gap it did,...leugimp had good short entry, when evrybody was going long!!
  • #4,556
  • Jan 3, 2007 6:50am Jan 3, 2007 6:50am
gbp/jpy, aka "The Beast", just gave a good entry at 233.97.. I'm in at 234.07 s/l 233.80.
  • #4,557
  • Jan 3, 2007 6:54am Jan 3, 2007 6:54am
it seems that GBP/JPY will reverse for a correction.
I mean will go down.

Good luck !

Quoting Pickensrulz
gbp/jpy, aka "The Beast", just gave a good entry at 233.97.. I'm in at 234.07 s/l 233.80.
  • #4,558
  • Jan 3, 2007 7:02am Jan 3, 2007 7:02am
A medium term retracement is possible as it's been hovering steady over the 50dsma for 5+ weeks now, hence the tight stop. As far as a short term retracement it's been steadily advancing and peppering in healthy 50% retracements.

Like I said it's a tight stop play but until I see something past 232.70 I'm not convinced the beast is going down. gl gt
  • #4,559
  • Jan 3, 2007 7:11am Jan 3, 2007 7:11am
Quoting Leugimp
confirmed reversal, will only go with 2 lots. long @ 9614 - 1st tp = 9654, sl -9592
You still in?
  • #4,560
  • Jan 3, 2007 7:26am Jan 3, 2007 7:26am
woke up to my t/p being hit from my short last night at 9608 and now long from 9606.
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