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Cable Update (GBPUSD)

  • #5,541
  • Feb 8, 2007 9:00am Feb 8, 2007 9:00am
Quoting trader69
still a bid on the euro, could be reason for strength. euro still needs to break above 1.3060ish for any real strength to emerge. right now it seems euro cant break over 1.3024(m3), but wait til after ten am, might see some more euro up move.
EURGBP is high at 4hr 250 EMA, retracing the Jan. GB rate hike. As I don't trade this pair, somebody else's help is needed here.

But I didn't imagine that it would happen with EU+GB no-hike today.

If EURGBP is to come down, then we may see some fat GBPUSD retracement today. As seen before.
  • #5,542
  • Feb 8, 2007 9:02am Feb 8, 2007 9:02am
Quoting positivepips
Still a bid on euro? after 10 am ... what am I missing ???
what u r missing is the dumb money heard vigilant and started buying euros. as for ten am, there is data coming out, wholesale inventories. not a gigantic mover, but after ten am is when the next move usually happens for eur/usd and other currencies.
"i wake up in the morning, and i piss excellence"
  • #5,543
  • Feb 8, 2007 9:03am Feb 8, 2007 9:03am
Quoting trader69
what u r missing is the dumb money heard vigilant and started buying euros. as for ten am, there is data coming out, wholesale inventories. not a gigantic mover, but after ten am is when the next move usually happens for eur/usd and other currencies.
Thanks I needed that Ill get it one day
  • #5,544
  • Feb 8, 2007 9:08am Feb 8, 2007 9:08am
Quoting positivepips
Thanks I needed that Ill get it one day
Market is also word-sensitive... If Triched had said "I got flu", you would see the market going nuts for weeks
  • #5,545
  • Edited 9:15am Feb 8, 2007 9:14am | Edited 9:15am
here is our downward clean sweep??? looking for 19550
  • #5,546
  • Feb 8, 2007 9:18am Feb 8, 2007 9:18am
Quoting karmostaji
LOL
You think it's funny, huh?

Guy downstairs just called. Asked me to go get my 1hr RSI, stoch and a piece of candle back

  • #5,547
  • Feb 8, 2007 9:22am Feb 8, 2007 9:22am
Quoting positivepips
here is our downward clean sweep??? looking for 19550
looks like theres no more love for the pound. wish i still had my 1.9725 short! doh!!
"i wake up in the morning, and i piss excellence"
  • #5,548
  • Feb 8, 2007 9:26am Feb 8, 2007 9:26am
Quoting trader69
looks like theres no more love for the pound. wish i still had my 1.9725 short! doh!!
but still the euro goes up and gbp down?
  • #5,549
  • Feb 8, 2007 9:30am Feb 8, 2007 9:30am
Quoting positivepips
but still the euro goes up and gbp down?
I'v been wondering that too.., hmm
Trade what you see, not what you think.
  • #5,550
  • Feb 8, 2007 9:31am Feb 8, 2007 9:31am
i'm out 19588 to 19556 whew that was risky... but up 32pips
long now??
  • #5,551
  • Feb 8, 2007 9:38am Feb 8, 2007 9:38am
__________________
"Everybody needs to believe in something.
I believe I'll have another beer"

The correct quote is
"Everybody should believe in something.
I believe I'll have another drink"
W. C. Fields, US Actor, early 20th century
  • #5,552
  • Feb 8, 2007 9:40am Feb 8, 2007 9:40am
When do you think the retracement will start and how what fib level should it rise to?

thanks
  • #5,553
  • Feb 8, 2007 9:44am Feb 8, 2007 9:44am
Quoting FallOf43
__________________
"Everybody needs to believe in something.
I believe I'll have another beer"

The correct quote is
"Everybody should believe in something.
I believe I'll have another drink"
W. C. Fields, US Actor, early 20th century
Oh thanks.... But I got that in a bar here

Guess it was adapted to that context

On Cable:
wow.. the big boys are squeezing til the last dog dies here....
  • #5,554
  • Feb 8, 2007 9:54am Feb 8, 2007 9:54am
anyone notice that at 1030 am est to 1045 the directon changes and usually stays that way for rest of day? or just range trades from here on.
  • #5,555
  • Feb 8, 2007 9:56am Feb 8, 2007 9:56am
Quoting cesarnc
Oh thanks.... But I got that in a bar here

Guess it was adapted to that context

On Cable:
wow.. the big boys are squeezing til the last dog dies here....
HENRYCAROL where are you hiding
  • #5,556
  • Feb 8, 2007 9:59am Feb 8, 2007 9:59am
Cesarnc, no offence intended, just thought you might be interested in its origin.

What do you mean by big boys and squeeze?
  • #5,557
  • Feb 8, 2007 10:00am Feb 8, 2007 10:00am
Quoting positivepips
anyone notice that at 1030 am est to 1045 the directon changes and usually stays that way for rest of day? or just range trades from here on.
About 80% of the time. I have that as one of my settings on a time zones indicator.
  • #5,558
  • Feb 8, 2007 10:03am Feb 8, 2007 10:03am
Quoting Bradone
About 80% of the time. I have that as one of my settings on a time zones indicator.
I think new yorkers gotta have a biological break
  • #5,559
  • Feb 8, 2007 10:05am Feb 8, 2007 10:05am
Quoting positivepips
anyone notice that at 1030 am est to 1045 the directon changes and usually stays that way for rest of day? or just range trades from here on.
Even more revealing is the London open. The movement at 3am EST usually is the direction for the rest of the day, and the NY open at 8am EST will confirm that direction seven out of ten times.
  • #5,560
  • Feb 8, 2007 10:06am Feb 8, 2007 10:06am
Quoting FallOf43
Cesarnc, no offence intended, just thought you might be interested in its origin.

What do you mean by big boys and squeeze?
No offense taken, at all...

Big boys are the market movers and the squeeze is this big spike down and quick retrace. Good to trigger other people's stops and to trigger their own long orders at good price.
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