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Cable Update (GBPUSD)

  • #6,521
  • Feb 21, 2007 8:33am Feb 21, 2007 8:33am
Looks like Wall Street's found the dealer....

Cold turkey seems to be over
  • #6,522
  • Feb 21, 2007 8:36am Feb 21, 2007 8:36am
Today is one crazy day i swear.. specially the JPY
Trade what you see, not what you think.
  • #6,523
  • Feb 21, 2007 8:39am Feb 21, 2007 8:39am
Quoting 59fender
fomc later
does fomc minutes push the market the same way as last fomc? and which way was it?
I dont see a forcast... I guess it is just word based adjustments?
what do you think?
  • #6,524
  • Feb 21, 2007 8:45am Feb 21, 2007 8:45am
From what I can see of recent trading, this market has only one place to go and that is UP....

Good but not fantastic UK news pushed it up - yet retraced slightly

Average US news pushed it down again - BUT CAN'T break 1.9500 consistently.

Now looking at 1.9550+
  • #6,525
  • Feb 21, 2007 9:17am Feb 21, 2007 9:17am
Quoting goonergonebad
From what I can see of recent trading, this market has only one place to go and that is UP....

Good but not fantastic UK news pushed it up - yet retraced slightly

Average US news pushed it down again - BUT CAN'T break 1.9500 consistently.

Now looking at 1.9550+
Agreed...
Technicals pointing bullish - higher lows, higher highs, full retracement up, upward trend line, bullish 1st Frankfurt hour, you name it.

But then comes GBP-negative news and down we go to start all over. Several days in a row....

Tomorrow (THU) is weak on fundamentals and FRI seems to be not that bad... Let's see if Techis will take over until the end of the week and get us out of that dreaded channel.

LET IT GOOOO HENRYCAROL!!!
  • #6,526
  • Feb 21, 2007 9:34am Feb 21, 2007 9:34am
RSI is showing some divergance on the 15 min chart. This thing still could go either way.
  • #6,527
  • Feb 21, 2007 2:33pm Feb 21, 2007 2:33pm
Was out for a couple of hours.... not a thing happened on the FOMC minutes, huh?

Well, better than finding Cable at 9200 by now
  • #6,528
  • Feb 21, 2007 2:37pm Feb 21, 2007 2:37pm
That's all I see this thing doing for the rest of the day. Can't break 1.9547 LONG and can't seem to get past 1.9487 SHORT. Maybe Thursday people will evaluate who has the better news and breakout will FINALLY happen! Will it be Henrycarols 1.9444 and lower or a break FINALLY above 1.9600? I'm not placing any bets!
Show me the PIPS!
  • #6,529
  • Feb 21, 2007 2:50pm Feb 21, 2007 2:50pm
Quoting tathlynq
That's all I see this thing doing for the rest of the day. Can't break 1.9547 LONG and can't seem to get past 1.9487 SHORT. Maybe Thursday people will evaluate who has the better news and breakout will FINALLY happen! Will it be Henrycarols 1.9444 and lower or a break FINALLY above 1.9600? I'm not placing any bets!
I'm on the waiting for that kind of day where Frankfurt makes 50 pips up and London completes the remaining 150.

Next two days are good candidates for Crazy Day of the Month, due to the absence of news...

Well, there have been buyers at 9430, 9477 and 9486 during this week. Are they happy with this 160 pips at most they have made? I doubt...

See this picture:

http://fxtrade.oanda.com/resources/t...ve_GBP_USD.png

There are A LOT of long positions above the current price... Are they happy to hold drawdowns to make what? 50 pips?

There are a lot of longs above 9700 yet!!!

This bubble has to blow up sooner or later... And I'm religiously up by Frankfurt open to jump in this bandwagon when it passes by....

In the mean time, grabbing the debris that fly during the ranging period is not that bad an idea

  • #6,530
  • Feb 21, 2007 3:37pm Feb 21, 2007 3:37pm
OK, it is "The Beast" not "The Freak". But whatta hell, this baby has four shoulders!

http://i2.photobucket.com/albums/y28...nc/feb21-2.jpg

We are soooooo going up tomorrow.....
  • #6,531
  • Feb 21, 2007 3:39pm Feb 21, 2007 3:39pm
Quoting cesarnc
Was out for a couple of hours.... not a thing happened on the FOMC minutes, huh?
Gold,oil,silver all north,....its just a question of time when or if ofcorse blown someway...
its just money
  • #6,532
  • Feb 21, 2007 3:56pm Feb 21, 2007 3:56pm
Quoting de123
Gold,oil,silver all north,....its just a question of time when or if ofcorse blown someway...
Kidnaping henrycarol is essential if we're planning to see 9600 ever again

  • #6,533
  • Feb 21, 2007 4:13pm Feb 21, 2007 4:13pm
Too funny.

Quoting cesarnc
Kidnaping henrycarol is essential if we're planning to see 9600 ever again

  • #6,534
  • Feb 21, 2007 10:43pm Feb 21, 2007 10:43pm
[quote=cesarnc;224527]OK, it is "The Beast" not "The Freak". But whatta hell, this baby has four shoulders!

http://i2.photobucket.com/albums/y28...nc/feb21-2.jpg

Too funny!
  • #6,535
  • Feb 21, 2007 10:54pm Feb 21, 2007 10:54pm
..........there still looks to be a bullish movement to come today but nothing has really happened during the past few hours. Looks like its up to Frankfurt and London opens to get this thing moving. See you guys and gals in a couple hours. Time for a power nap!
Show me the PIPS!
  • #6,536
  • Feb 22, 2007 1:30am Feb 22, 2007 1:30am
Asia was a no-show and Frankfurt opening wierd. I expected Asia to take the price up during the session, so Frankfurt would open above 9550...

Didn't trade the Asian session. Still out waiting for London. Still asleep, too...
  • #6,537
  • Feb 22, 2007 1:32am Feb 22, 2007 1:32am
...and not much has happened yet, aye? Looks like it's trying to move SHORT but I don't trust this move at the moment. I have to see prices above 1.9565 and below 1.9480 before considering a trade.
Show me the PIPS!
  • #6,538
  • Feb 22, 2007 1:34am Feb 22, 2007 1:34am
Quoting cesarnc
Asia was a no-show and Frankfurt opening wierd. I expected Asia to take the price up during the session, so Frankfurt would open above 9550...

Didn't trade the Asian session. Still out waiting for London. Still asleep, too...

That's what it may take.............
Show me the PIPS!
  • #6,539
  • Feb 22, 2007 1:34am Feb 22, 2007 1:34am
Quoting tathlynq
...and not much has happened yet, aye? Looks like it's trying to move SHORT but I don't trust this move at the moment. I have to see prices above 1.9565 and below 1.9480 before considering a trade.
Almost same here... I usually wait for break of 30 pips out of Frankfurt open.. Today 9528. But -30= 9498 -> better wait for break of y'day low
  • #6,540
  • Feb 22, 2007 1:40am Feb 22, 2007 1:40am
Quoting cesarnc
Almost same here... I usually wait for break of 30 pips out of Frankfurt open.. Today 9528. But -30= 9498 -> better wait for break of y'day low
Now Euro broke y'day low and USDJPY broke y'day high...

Don't like to be clueless
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