Cable Update (GBPUSD) | Page 353 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #7,041
  • Feb 26, 2007 7:04am Feb 26, 2007 7:04am
4hr pin-bar (8:00 GMT) still valid, 1hr formed another pin-bar (bullish engulfing?)

Price holding at / above Frankfurt open, 1hr Stoch crossing 50 up, RSI above 50, MACD rounding on the down side. 15M lokking slightly up.

Stage is set to the up move. Is it going to go up? HELL! IT IS MONDAY! I don't know!
  • #7,042
  • Feb 26, 2007 7:17am Feb 26, 2007 7:17am
Finotec: Dollar fell against majors as Iran nuclear tensions accelerated

26.02.2007 11:29 Monday
Main news:
Yen may drop to 126 per dollar as interest rates on hold
Crude oil climbed as concerns rose on supply disruption in Middle East
Forex outlook:
The dollar fell to the lowest in almost two months against the euro on Monday as the U.S. currency came under pressure on renewed worries about Iran’s nuclear program. The dollar’s latest slip was partly due to the surge in gold and oil prices as Western power were set to meet in London to discuss tightening sanctions on Iran amid a flurry of tough talk between Washington and Tehran. However, analysts said they didn’t expect a sustained dollar move based on the Iran situation alone, especially with a slew of indicators this week on U.S. growth, manufacturing and inflation that will help shape expectations on the interest-rate outlook. The dollar declined as low as $1.3199 per euro, the weakest since 3 Jan. It also dropped to 120.75 yen from 121.08. The currency may decline to $1.33 per euro by the end of March, some analysts said.
Is your SL my TP?
  • #7,043
  • Feb 26, 2007 7:20am Feb 26, 2007 7:20am
Quoting moonchild
Often rumours move the market more than facts do.

So, why is there no movement with all these rumours flying about? I would expect to see cable rising and USD/JPY falling like a rock, yet there is only sideways movement.
Because no one wants to buy the rumor. They appear to be waiting to sell the fact, For a change.
  • #7,044
  • Feb 26, 2007 7:21am Feb 26, 2007 7:21am
Quoting kenmania
The dollar declined as low as $1.3199 per euro, the weakest since 3 Jan. It also dropped to 120.75 yen from 121.08. The currency may decline to $1.33 per euro by the end of March, some analysts said.
$1.33/EUR would be what for Cable? high 9800?
  • #7,045
  • Feb 26, 2007 7:44am Feb 26, 2007 7:44am
Quoting cesarnc
$1.33/EUR would be what for Cable? high 9800?
That would be about right..............

Just curious if anyone thinks Cable will hit the 1.9900 mark within the next 2 to 3 weeks?
Show me the PIPS!
  • #7,046
  • Feb 26, 2007 7:53am Feb 26, 2007 7:53am
HEY! just touched 9622!

we may see 9623 in the next 21 hours...

...

I'm bored...
  • #7,047
  • Feb 26, 2007 8:02am Feb 26, 2007 8:02am
Quoting cesarnc
HEY! just touched 9622!

we may see 9623 in the next 21 hours...

...

I'm bored...

I know what you mean Cesarnc.. Its days like this when I overtrade due to boredom.. However, even thats impossible with this movement.
  • #7,048
  • Feb 26, 2007 8:10am Feb 26, 2007 8:10am
Quoting patricio0793
I know what you mean Cesarnc.. Its days like this when I overtrade due to boredom.. However, even thats impossible with this movement.
Yeah... dollaryen going South, Euro trying to go North, Cable likely to go EAST
  • #7,049
  • Feb 26, 2007 8:16am Feb 26, 2007 8:16am
Quoting cesarnc
Yeah... dollaryen going South, Euro trying to go North, Cable likely to go EAST
I see Mr. Euro tugging at his buddy...Mr. Pound...trying to drag him up.
Is your SL my TP?
  • #7,050
  • Feb 26, 2007 8:16am Feb 26, 2007 8:16am
Quoting patricio0793
I know what you mean Cesarnc.. Its days like this when I overtrade due to boredom.. However, even thats impossible with this movement.
My chart feed was down this morning so only just online....looks like I didnt miss athing !
  • #7,051
  • Feb 26, 2007 8:24am Feb 26, 2007 8:24am
Musicman,
You really did not miss anything when scalping 14 pips off USD/JPY and 24 pips off GBP/JPY is a major accomplishment. To say that what has been going on is boring is being kind.

Anyway, I do not use the sort of words which would be appropriate to describe today.
  • #7,052
  • Feb 26, 2007 8:25am Feb 26, 2007 8:25am
i thinks market wait the eurozone meeting tonight (CET Timezome)...
Most of subjects who be discussed here are all about JPY weakness and carry-trade implication....
We should se move the market after....
  • #7,053
  • Feb 26, 2007 8:25am Feb 26, 2007 8:25am
You havent missed a thing... apart from me stressing and losing a few pips here and there!!! LOL

Praise be to the LONGS!!!!
  • #7,054
  • Feb 26, 2007 8:27am Feb 26, 2007 8:27am
Market's waiting for bush to launch first tomahawk to iran.
Tra-X
  • #7,055
  • Feb 26, 2007 8:28am Feb 26, 2007 8:28am
This feeling that the expected "tomahawk fart" is right around the corner is what is killing me...

Maybe we will need to see the real deal in Iran before....
  • #7,056
  • Feb 26, 2007 8:32am Feb 26, 2007 8:32am
Nope u didnt miss a thing!

I was up like 6AM NY TIME and found no action and now its 9:25AM.
just a sideway channel.

I just dont know which way it will break.

I'm already in it for the LONG. I'm thinking about jumping out, but all indications say up! So i may just stay put.

Quoting musicman007
My chart feed was down this morning so only just online....looks like I didnt miss athing !
  • #7,057
  • Feb 26, 2007 8:35am Feb 26, 2007 8:35am
glad i took that nap, what a boring morning - everything i see yields not one possibility as there hasn't been any volume whatsoever - looking more and more like a dangerous playing field today - i will take this one off leaving my original orders in the market.
Man who scratches ass should not bite fingernails
  • #7,058
  • Feb 26, 2007 8:39am Feb 26, 2007 8:39am
you can almost smell it... lol.

Quoting cesarnc
This feeling that the expected "tomahawk fart" is right around the corner is what is killing me...
Nihil Sine Deo.
  • #7,059
  • Feb 26, 2007 8:40am Feb 26, 2007 8:40am
Hey Leugimp,

What were your original orders? Was it something like you have a buy limit at 9700 and a sell if its 9500?



Quoting Leugimp
glad i took that nap, what a boring morning - everything i see yields not one possibility as there hasn't been any volume whatsoever - looking more and more like a dangerous playing field today - i will take this one off leaving my original orders in the market.
  • #7,060
  • Feb 26, 2007 8:41am Feb 26, 2007 8:41am
Quoting Scrat
you can almost smell it... lol.
Scrat - big fan
390 traders viewing now, 2 are registered:
CPUmice
,
makeme