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Cable Update (GBPUSD)

  • #7,081
  • Feb 26, 2007 10:01am Feb 26, 2007 10:01am
Cable is going to 9590 then up to 9720? Beware, just a wild guess! lol
Tra-X
  • #7,082
  • Feb 26, 2007 10:03am Feb 26, 2007 10:03am
Quoting cesarnc
Or just not

Bummer :-(

I just open goin Long!! now I'm down 10 pips!

Lesson learned. Channeling is ya enemy!!

What is up with the Dojis!!!! Why the Bulls are already exhausted?
  • #7,083
  • Feb 26, 2007 10:06am Feb 26, 2007 10:06am
last bar has been an inside bar on 1600 tick, look for false breakout scenario with this low volume - we have already broken the topside, a fall below 9612 and we may be headed to mid-upper 9500s.
Man who scratches ass should not bite fingernails
  • #7,084
  • Feb 26, 2007 10:08am Feb 26, 2007 10:08am
Last 15M candle is just B.S. Hate when the market does that....

Actually, what bothers me is that stalling for so long just 20-30 pips after breaking a downward channel may prop a down move, back to channel tomorrow, good or bad news...

I'm not seeing any goodwill (or call it cocaine) in the US market for the rest of the day, specially after this spike just to flush players out...
  • #7,085
  • Edited 10:22am Feb 26, 2007 10:10am | Edited 10:22am
Ok guys, I dont know
What are the romours?.-)
Seariously, we dont have any fundy. We are waiting for some buddy who will flow money into for us!
Now i will catch this channel long. Anyone will go in opposite? Its just 50:50 fair play, c'mon. Plus our good buddy broker.-)
Thanks & Nice day!
  • #7,086
  • Feb 26, 2007 10:13am Feb 26, 2007 10:13am
Quoting cesarnc

I'm not seeing any goodwill (or call it cocaine) in the US market for the rest of the day...


We will see something sooner or later - if we come below 9612 - this should give us the opportunity for a nice move to 9570's with perhaps a little stall at 9589 to allow a few specs to let go of shorts before resuming further. May be a risky play but should be safe for a good 15-20 with the range we have had today. otherwise will just use it to position for longer term long.
Man who scratches ass should not bite fingernails
  • #7,087
  • Feb 26, 2007 10:14am Feb 26, 2007 10:14am
Quoting mobi
Ok guys, I dont know
What are the romours?.-)
Seariously, we dont have any fundy. We are waiting for some buddy who will flow money into for us!
Now i will catch this channel long. Any in opposite?.-)
I don't know. Market is so slow that if Bin Laden himself appears in a Jumbojet cockpit, the spike would be 8 pips.
  • #7,088
  • Feb 26, 2007 10:15am Feb 26, 2007 10:15am
The 4 hour bar just closed and its still spelling indecisiveness. Still out till next 4 hour or daily comes out. Good luck today everybody.
I dream, therefore I become.
  • #7,089
  • Feb 26, 2007 10:18am Feb 26, 2007 10:18am
Quoting cesarnc
I don't know. Market is so slow that if Bin Laden himself appears in a Jumbojet cockpit, the spike would be 8 pips.
Yeah, you're da right.
But I'm notta wait for that suicider, nor I'm that one. Outed with a nice a pip profit lol
lesson: channel has got a true.-)

Edit: I'm notta using any indy in this. Just lines etc.
Thanks & Nice day!
  • #7,090
  • Feb 26, 2007 10:20am Feb 26, 2007 10:20am
yea that spike just flushed me out. I lost 6 pips, which isnt horrible, but decided to get out now cause of that false breakout.

I will wait maybe till tomorrow for another try on the LONG.

But i will keep my eye out today for any shorts!

All and all I'm still in good spirits even with a crappy day!

Quoting cesarnc
Last 15M candle is just B.S. Hate when the market does that....

Actually, what bothers me is that stalling for so long just 20-30 pips after breaking a downward channel may prop a down move, back to channel tomorrow, good or bad news...

I'm not seeing any goodwill (or call it cocaine) in the US market for the rest of the day, specially after this spike just to flush players out...
  • #7,091
  • Feb 26, 2007 10:20am Feb 26, 2007 10:20am
Are you people long or short on gbp/usd ? The market looks some how confusing.
With patience and discipline,you move beyond the sky
  • #7,092
  • Feb 26, 2007 10:20am Feb 26, 2007 10:20am
perhaps we are overreading this and the market just took today off as a snowday - i mean it was a pretty big storm.
Man who scratches ass should not bite fingernails
  • #7,093
  • Feb 26, 2007 10:22am Feb 26, 2007 10:22am
I like sampling other people's opinions.What are will up to on gbp/usd ?
With patience and discipline,you move beyond the sky
  • #7,094
  • Feb 26, 2007 10:23am Feb 26, 2007 10:23am
Quoting mobi
Yeah, you're da right.
But I'm notta wait for that suicider, nor I'm that one. Outed with a nice a pip profit lol
lesson: channel has got a true.-)
I'm leaving SL a B/E for today.

Well, just Living to die another day...
  • #7,095
  • Feb 26, 2007 10:25am Feb 26, 2007 10:25am
Quoting biodunola07
I like sampling other people's opinions.What are will up to on gbp/usd ?
I'm long, expire today. Will really consider the downside for tomorrow on daily close below 9650.
  • #7,096
  • Feb 26, 2007 10:27am Feb 26, 2007 10:27am
Quoting cesarnc
I'm leaving SL a B/E for today.

Well, just Living to die another day...
For sure, I'm leaving now.
have a nice day!
Thanks & Nice day!
  • #7,097
  • Feb 26, 2007 10:27am Feb 26, 2007 10:27am
Look who's back in town:

Not many revelations from today's [EUROGROUP GATHERING], but around the same time as IG Metall "confirmed" its 6.5% official wage rise demand for 12 months earlier, German Fin Min [STEINBRUECK] said he and his Eurozone peers did not envisage any price or infl risks, as long as pay develops in line with productivity. Eurogroup chair [JUNCKER] was also fairly upbeat about the infl outlook, describing developments as quite good and seemingly under control, at least in the s/t. More recently, Spain's [SOLBES] said EMU infl is improving, but dependent on how oil prices behave in H2 2007. On FX, he delivers the usual message that stable rates are favoured and volatility is not desirable and his sentiments are shared by Greece's [ALOGOSKOUFIS], who adds that EMU infl is subdued, growth is strong and so the economic situation is very good.

All we pray for here is VOLATILITY. I hate this guy JUNKER
  • #7,098
  • Feb 26, 2007 10:52am Feb 26, 2007 10:52am
Quoting HelloDollie
On slow days like today with GBP it helps to have quick indic ... then we can load up on lots and still make good money eg 10 lots going for 5 pips gets you a good 50 pips.

As they say .. the early bird gets the worm

Good luck !
but the second mouse gets the cheese
  • #7,099
  • Feb 26, 2007 11:01am Feb 26, 2007 11:01am
Quoting 59fender
but the second mouse gets the cheese
This forum use to be about bulls and bears... We're now reduced to birds and mice

  • #7,100
  • Feb 26, 2007 11:26am Feb 26, 2007 11:26am
Even the analysts are getting pissed off already...

[UK] markets will keep an eye peeled for BoE/MPC super dove [BLANCHFLOWER], who is due to speak at Sterling University at 17.30GMT, with particular interest on what (if anything) he makes of the latest infl developments. Meanwhile, it was announced earlier that BoE Gov King's senior advisor, Clark will retire in Apr after 36 years. He advises on financial sector issues and has been an executive committee member for 10 years.

I'm super bored, still trusting on a Cable "Birdish", and go to the supermarket to prevent myself from Stop Loss and Angry Wife in the same session.
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