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Cable Update (GBPUSD)

  • #7,181
  • Feb 27, 2007 7:39am Feb 27, 2007 7:39am
Quoting cesarnc
creepy...

awaiting next 15M candle... If boost fails, I'm out... News were not negative. They were EXTREMELY BELOW FORECAST.

Guess market is on the waiting for revisions or something. Cause this is weird so far...

I know... I just listened to a popular business program basicly enforce the negative US economy.....WEIRD! And my LONG was triggered!
Show me the PIPS!
  • #7,182
  • Feb 27, 2007 7:40am Feb 27, 2007 7:40am
Technicals guys, technicals!
Tra-X
  • #7,183
  • Feb 27, 2007 7:41am Feb 27, 2007 7:41am
The henrycarol factor of it going to 1.9550 today...
Show me the PIPS!
  • #7,184
  • Feb 27, 2007 7:42am Feb 27, 2007 7:42am
Music you are not missing anything here.... The market will go where it is supposed to go regardless of news... We must go down first to 9570's -9540's before we will see 9800's

Quoting musicman007
Surely this is pretty bad data for the $, I am expecting a strong pound...am I missing something or is everyone just sat back absorbing the news before making their moves????
  • #7,185
  • Feb 27, 2007 7:42am Feb 27, 2007 7:42am
This is strange, even with bad news !!! small move i think I'll soon close my longs.
  • #7,186
  • Feb 27, 2007 7:42am Feb 27, 2007 7:42am
Quoting tathlynq
I know... I just listened to a popular business program basicly enforce the negative US economy.....WEIRD! And my LONG was triggered!
yep, so was mine!
  • #7,187
  • Feb 27, 2007 7:44am Feb 27, 2007 7:44am
There were revisions to the downside.

Okaaay... WHATTA F#$@$@ is going on here?
  • #7,188
  • Feb 27, 2007 7:45am Feb 27, 2007 7:45am
According to Oanda there is a bunch o people shorting between 9600-9650. Sooo weird!
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  • #7,189
  • Feb 27, 2007 7:46am Feb 27, 2007 7:46am
Quoting cesarnc
There were revisions to the downside.

Okaaay... WHATTA F#$@$@ is going on here?

"Investors are waiting for the very important number which is Consumer Confidence."

Waiting til 10 AM to move?
Show me the PIPS!
  • #7,190
  • Feb 27, 2007 7:47am Feb 27, 2007 7:47am
Freaking YEN carries are stalling GBP and Euro! This is the Yen day, not dollar
  • #7,191
  • Feb 27, 2007 7:51am Feb 27, 2007 7:51am
Quoting Lojkine
According to Oanda there is a bunch o people shorting between 9600-9650. Sooo weird!
why is that wierd
i dont think that is very strange at all
  • #7,192
  • Feb 27, 2007 7:53am Feb 27, 2007 7:53am
I've secured a couple of pips regarding this, but I'll keep long until the next announcment from USA. If things stay as they are (which is unlikely) we'll have spinning top on daily chart and probably a good entry point for short position.

Happy Trading
  • #7,193
  • Feb 27, 2007 7:53am Feb 27, 2007 7:53am
Quoting cesarnc
Freaking YEN carries are stalling GBP and Euro! This is the Yen day, not dollar
yes agreed yen not allow to G/U up
SPEED SPEED SPEED
  • #7,194
  • Feb 27, 2007 7:56am Feb 27, 2007 7:56am
Quoting pipple
why is that wierd
i dont think that is very strange at all

Scalpers! News Speculators! Darn technical traders!...hey, it's all good. Sure, "logically" it should spike on up with the news. "Technically", it does need to drop down again before coming back up. I was betting on the "yet to happen" spike. I think the run up will be limited until another run down. The good news is...the run up can still happen..... news at 10 AM.
Show me the PIPS!
  • #7,195
  • Feb 27, 2007 7:57am Feb 27, 2007 7:57am
Quoting pipple
why is that wierd
i dont think that is very strange at all
Well, guess just a few of us were long GBP then... The rest of the market was long YEN!!!

Gosh, I thought about going yen long but decided to go EUR, expecting stop flushing up above 3250... Maybe later on...
  • #7,196
  • Feb 27, 2007 7:58am Feb 27, 2007 7:58am
Quoting tathlynq
Scalpers! News Speculators! Darn technical traders!...hey, it's all good. Sure, "logically" it should spike on up with the news. "Technically", it does need to drop down again before coming back up. I was betting on the "yet to happen" spike. I think the run up will be limited until another run down. The good news is...the run up can still happen..... news at 10 AM.
Any predictions regarding upcoming announcement?
  • #7,197
  • Feb 27, 2007 8:00am Feb 27, 2007 8:00am
Quoting cesarnc
Well, guess just a few of us were long GBP then... The rest of the market was long YEN!!!

Gosh, I thought about going yen long but decided to go EUR, expecting stop flushing up above 3250... Maybe later on...
i wasnt long GBP, i left it alone once i found out that the japs were meddling. i was just curious why someone would think short from 196-19650 was wierd.
  • #7,198
  • Feb 27, 2007 8:02am Feb 27, 2007 8:02am
I expect further negative news BUT keep in mind I've been surprised a time or two. I will feel much better once it goes above the 1.9670 level and at least test the 1.9700..... I don't see it going much past that. 1.9725 MAX! From where the peak is, I would like to see a retrace to 1.9550 before another run up to test 1.9800. Just my battle plan........
Show me the PIPS!
  • #7,199
  • Feb 27, 2007 8:05am Feb 27, 2007 8:05am
Quoting Dexis
Any predictions regarding upcoming announcement?
I'm going long Yen, depending on where the price will be by the time. If it retraces, it's going to be a killer...

Worried about GBP/YEN stepping in the way again, see the big fall in the early morning.... If Cable stalls at that level again, I fear for bulls lives here...
  • #7,200
  • Feb 27, 2007 8:10am Feb 27, 2007 8:10am
Hello , Im new to the group,
I just rode the yen down, and now it appears the yen is reversing based on on balance volume.
I'm waiting for a pull back before I enter a long position. Just a few pips.
Good luck everybody.
One hell of a morning aye?
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