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Daily Cable Analysis

  • #6,421
  • Feb 19, 2007 4:26am Feb 19, 2007 4:26am
Quoting Pickensrulz
BOE released a statement that was not Cable supportive
Thanks for the update.
I've checked every news source of mine, none of them mentiones anything for today. Does this happen a lot?
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  • #6,422
  • Feb 19, 2007 4:30am Feb 19, 2007 4:30am
Quoting SirKhan
Thanks for the update.
I've checked every news source of mine, none of them mentiones anything for today. Does this happen a lot?

Not very often. I wasn't aware of anything either. I was on the right side of the fence so I'm pleased.

Lesson for the night- Use stops
  • #6,423
  • Feb 19, 2007 4:35am Feb 19, 2007 4:35am
Quoting SirKhan
Thanks for the update.
I've checked every news source of mine, none of them mentiones anything for today. Does this happen a lot?
The [BOE] said that the UK CPI has been low and unusually stable since infl targeting began and that the infl environment is unlikely to be so benign in the future. On money supply data, the CB noted that it would be unwise to ignore the data entirely. At some stage, the BoE notes that the current account deficit will probably need to close with some depreciation of the real effective exchange rate probably necessary. It is also possible that a period of sharply appreciating asset prices may raise risk of future correction. BoE policymakers may hence raise rates and undershoot CPI target in the n/t o to mitigate such risks. In terms of debt, secured debt can be expected to to continue growing strongly for many years to come. Some aspects of the global economy look unsustainable such as c/a imbalances and low interest rates.

[GBP/USD] is lower following the host of BOE comments. Cable has returned to sub 1.9500 levels and down over half a cent as the BOE notes that some depreciation of the real effective exchange rate will probably be necessary. This comment looks to have been the catalyst, but the CB also added the current account deficit will probably need to close and that CPI has been low and unusually stable. Stops have been tripped on the moves through 1.9500 and 1.9460/65. On the crosses, the Pound is also lower, with major support giving out in the Euro through 0.6743/50, while Gbp/Jpy has broken below 232.50.
  • #6,424
  • Feb 19, 2007 4:36am Feb 19, 2007 4:36am
Not bad for a promising boring session, huh?
  • #6,425
  • Feb 19, 2007 4:39am Feb 19, 2007 4:39am
Quoting cesarnc
Not bad for a promising boring session, huh?
Bad for me though... I set a buy limit at 1.9465 and got brought in with this wave and stopped out at -13pips...
Who knew this was going to happen

What do you think of going LONG _now_? Will this news be a permanent trend director? I don't think so...
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  • #6,426
  • Feb 19, 2007 4:41am Feb 19, 2007 4:41am
Quoting TheBest
...I repeat...
...surely we will see 1.9450 again....
...well...how I said in 02-14-07...surely we will see 1.9450 again...now my TP has been reached....
TheBe$t
  • #6,427
  • Feb 19, 2007 4:45am Feb 19, 2007 4:45am
faster than expected down to 1.9430 to enter both of my Long entries at 1.9465 and 1.9440.

big move like this, may push price down to what 1.9375 (59Fender quote)
  • #6,428
  • Feb 19, 2007 4:48am Feb 19, 2007 4:48am
This is starting to look like the Daily on 12/18/06 and 2/12/07.

Now will wait for the Daily to close above or below 1.9499/1.9506 which is the open and close of Fridays candle.
  • #6,429
  • Feb 19, 2007 4:48am Feb 19, 2007 4:48am
Hehe after hitting 1.9555 then back down to lower than 1.9444

I just love these numbers.

Out of the market for now.

Since market opened, where g/u made a gap went up 50pips, I was quite confident it would go down instead of up. Just a gut feeling, oh well, Im just crapping to you guys.

Sorry for taking ur time.
  • #6,430
  • Feb 19, 2007 4:52am Feb 19, 2007 4:52am
...guys....USD always is the 1# currency...in any conditions...don´t forget it....
TheBe$t
  • #6,431
  • Feb 19, 2007 4:54am Feb 19, 2007 4:54am
Quoting TheBest
...guys....USD always is the 1# currency...in any conditions...don´t forget it....
...and...go vote to my third term....
TheBe$t
  • #6,432
  • Feb 19, 2007 4:58am Feb 19, 2007 4:58am
Quoting SirKhan
Bad for me though... I set a buy limit at 1.9465 and got brought in with this wave and stopped out at -13pips...
Who knew this was going to happen

What do you think of going LONG _now_? Will this news be a permanent trend director? I don't think so...
Dollar is overall bullish across the board, as we were expecting. Cable down wasn't a dollar up. (see GBPJPY)

So our overall sentiment remains dollar bullish today for dollar bearish for the rest of the week - note that BOE minutes + BOJ rate statement may add some strong move, again not dollar related.

I got TP 9464 reached and I'm out for the day. Want to see what will be out of this after dust settles. My 2cents

Henrycarol: stop fooling around with 1,000,000,000 lots during choppy market. That scares the heck out of us here. Thanks.
  • #6,433
  • Feb 19, 2007 5:01am Feb 19, 2007 5:01am
Quoting cesarnc
Dollar is overall bullish across the board, as we were expecting. Cable down wasn't a dollar up. (see GBPJPY)

So our overall sentiment remains dollar bullish today for dollar bearish for the rest of the week - note that BOE minutes + BOJ rate statement may add some strong move, again not dollar related.

I got TP 9464 reached and I'm out for the day. Want to see what will be out of this after dust settles. My 2cents

Henrycarol: stop fooling around with 1,000,000,000 lots during choppy market. That scares the heck out of us here. Thanks.
Vai trabalhar, cachaçeiro...esquece o carnaval!

Go vote....
TheBe$t
  • #6,434
  • Feb 19, 2007 5:04am Feb 19, 2007 5:04am
Quoting TheBest
Vai trabalhar, cachaçeiro...esquece o carnaval!

Bom receber um pouco do calor humano brasileiro aqui

Trabalhar o cacete... Churrasco + cerveja + piscina agora véio... 80pips no bolso, to fora de confusão agora...
  • #6,435
  • Feb 19, 2007 5:08am Feb 19, 2007 5:08am
Quoting cesarnc
Dollar is overall bullish across the board, as we were expecting. Cable down wasn't a dollar up. (see GBPJPY)

So our overall sentiment remains dollar bullish today for dollar bearish for the rest of the week - note that BOE minutes + BOJ rate statement may add some strong move, again not dollar related.

I got TP 9464 reached and I'm out for the day. Want to see what will be out of this after dust settles. My 2cents

Henrycarol: stop fooling around with 1,000,000,000 lots during choppy market. That scares the heck out of us here. Thanks.
I didnt do much, I guess they(BOE) wanted to give me some 'Ang Pau' (Chinese New Year Red Packet = Money) today

05:52EUR/USD being dragged down with lower GBP 05:49It looks like the BOE was more commenting that the current account defecit will likely need to close at some point and order for that to occur sterling will need to depreciate some.what. It might be a bit of an over reaction in a quiet market. 05:48We must emphasize there is little to no chance of the BOE intervening to sell GBP/USD..The market was just wrongly positioned for the comments and liquidity already at a premium tdue to Chinese and US holidays 05:38So official comment from BOE: SOME DEPRECIATION OF THE REAL EFFECTIVE EXCHANGE RATE WILL PROBABLY BE NECESSARY
  • #6,436
  • Feb 19, 2007 5:09am Feb 19, 2007 5:09am
Quoting cesarnc

Bom receber um pouco do calor humano brasileiro aqui

Trabalhar o cacete... Churrasco + cerveja + piscina agora véio... 80pips no bolso, to fora de confusão agora...
opa, mais um brasileiro assinando....
  • #6,437
  • Feb 19, 2007 5:10am Feb 19, 2007 5:10am
Quoting cesarnc

Bom receber um pouco do calor humano brasileiro aqui

Trabalhar o cacete... Churrasco + cerveja + piscina agora véio... 80pips no bolso, to fora de confusão agora...
...é isso aí, Brazuca... (é o verde-amarelo)
TheBe$t
  • #6,438
  • Feb 19, 2007 5:12am Feb 19, 2007 5:12am
Quoting BRForex
opa, mais um brasileiro assinando....
..é isso aí...vamo comer pips na brasa...

Don´t forget...go vote...
TheBe$t
  • #6,439
  • Feb 19, 2007 5:18am Feb 19, 2007 5:18am
啊～～～你去死啦！...唔、喔...乎你死乎你死....
If you count on hope in any trade ……. Get out of it
  • #6,440
  • Feb 19, 2007 5:21am Feb 19, 2007 5:21am
Quoting mandoaddam
啊～～～你去死啦！...唔、喔...乎你死乎你死....
...just waiting a next trading opportunity...

....a big kiss for all beautiful girls from ForexFactory....
TheBe$t
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