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Cable Update (GBPUSD)

  • #7,221
  • Feb 27, 2007 9:22am Feb 27, 2007 9:22am
Quoting cesarnc
The usual BULL S#$@#, that's what I say....

USD positive news? way to convenient right in a day that was promising to wipe out whole countries off the map...

Wanna see the revision next month....

Still in profit for today, despite the losses during news.... Let's see what's next today....

Bullshit or Bearshit....
Broke even for the day...... til Wednesday! I think I want to get excited about it anyway.....
Show me the PIPS!
  • #7,222
  • Feb 27, 2007 9:24am Feb 27, 2007 9:24am
I'm starting to lose my temper here. Second week of this crap and it shows no sign of stop. And I hate to scalp!
  • #7,223
  • Feb 27, 2007 9:24am Feb 27, 2007 9:24am
Waiting for hourly to close... I'll long again at pin-bar confirmed. Otherwise, calling it a day, too...

Looks like a class 5 hurricane went through my charts here...
  • #7,224
  • Feb 27, 2007 9:39am Feb 27, 2007 9:39am
Funny thing ususally the direction market takes between 1035est and 1045 is direction for rest of day sooo... long but just be careful already moved alot today
  • #7,225
  • Feb 27, 2007 9:53am Feb 27, 2007 9:53am
Same 1hr candle has the high and low today... 79 pips so far. EURO MADE 88 already....

What I see is huge squeeze on majors/yen that is stalling the majors/USD big time.

GBPJPY made 300 pips and USDYEN 160!!!

Having 79 pips in a worldwide stocks selloff day is just unbelievable... We should be fighting freaking 9799 by now.... no kidding....
  • #7,226
  • Feb 27, 2007 9:57am Feb 27, 2007 9:57am
Quoting cesarnc
Same 1hr candle has the high and low today... 79 pips so far. EURO MADE 88 already....

What I see is huge squeeze on majors/yen that is stalling the majors/USD big time.

GBPJPY made 300 pips and USDYEN 160!!!

Having 79 pips in a worldwide stocks selloff day is just unbelievable... We should be fighting freaking 9799 by now.... no kidding....
I agree with you

Are you going to jump in when this candle closes? we have a nice pin-bar
Trade what you see, not what you think.
  • #7,227
  • Feb 27, 2007 9:59am Feb 27, 2007 9:59am
Today the market spoke, and said:

"Take your indicators, and your 90% accurate systems and stick em where the sun don't shine."http://forexfactory.com/images/icons/icon10.gif


MM
  • #7,228
  • Feb 27, 2007 10:01am Feb 27, 2007 10:01am
Quoting karmostaji
I agree with you

Are you going to jump in when this candle closes? we have a nice pin-bar
That's my plan, BUT GBPJPY is on the move AGAIN, looking for new lows... That too creepy... Gonna let the new hour and GBPJPY go for a while to make a decision...

Complexity is going to the roof here, we can be less careful stepping on eggs....
  • #7,229
  • Feb 27, 2007 10:05am Feb 27, 2007 10:05am
If I may gentlemen... pinbar? Forget price patterns for a second here... China took a major dump... nobody in the world knows what to do at this precise moment.
  • #7,230
  • Feb 27, 2007 10:08am Feb 27, 2007 10:08am
Quoting mr.marketz
If I may gentlemen... pinbar? Forget price patterns for a second here... China took a major dump... nobody in the world knows what to do at this precise moment.
Thanks for the input, but it's not about pin-bar for what books state. This last hour candle showed the huge pressure to the upside, denying the down move.

And I'm not jumping in on candle formation only.. As long as GBPJPY stays under pressure, I'm out.

BTW Euro is looking kind of lose now... may teste 3250 shortly.
  • #7,231
  • Feb 27, 2007 10:12am Feb 27, 2007 10:12am
Good piece of info here
http://www.bloomberg.com/apps/news?p..._to&refer=home

Now that's what a busy day is about
  • #7,232
  • Feb 27, 2007 10:22am Feb 27, 2007 10:22am
Quoting cesarnc
Good piece of info here
http://www.bloomberg.com/apps/news?p..._to&refer=home

Now that's what a busy day is about
Thanks for the read... it's a pretty serious situation... I wonder if my favorite pair is going to be in limbo for a while. Blew chunks yesterday also.
  • #7,233
  • Feb 27, 2007 10:31am Feb 27, 2007 10:31am
Personally speaking ... I am bored and fed up with this indecision. Never the less, I have made my target for the day so it cant be all too bad I suppose.

Looking to tomorrow, we have stacks of data coming out which should help in establishing some kind of direction for the early part of March. I have had enough and am now going to watch the paint dry in my living room for some real excitement.
  • #7,234
  • Feb 27, 2007 10:36am Feb 27, 2007 10:36am
Chinese goverment was just intending to flush speculators out

Source NYSE.com
Attached Image
  • #7,235
  • Feb 27, 2007 10:36am Feb 27, 2007 10:36am
Quoting musicman007
Personally speaking ... I am bored and fed up with this indecision. Never the less, I have made my target for the day so it cant be all too bad I suppose.

Looking to tomorrow, we have stacks of data coming out which should help in establishing some kind of direction for the early part of March. I have had enough and am now going to watch the paint dry in my living room for some real excitement.

That's probably the best decision I've ever seen today!
I've also closed all positions where USD is involved, a profit of 23 pips is not that bad. I'll trade these 23 pips for the big tasty pizza and a big bottle of coke watching TV lol
  • #7,236
  • Feb 27, 2007 10:40am Feb 27, 2007 10:40am
I'm abit stubborn, so I'm keeping long this time lol.
Tra-X
  • #7,237
  • Feb 27, 2007 10:42am Feb 27, 2007 10:42am
It's a simple equation I guess... When the global sh*t hits the global fan - what side of the pair are people going to dump their bucks in for safety? In the case of this pair - it's a really tough call. And the price obviously is illustrating that for us now. Although lately it seems like the Brits are the go to guys - doesn't it?
  • #7,238
  • Feb 27, 2007 10:59am Feb 27, 2007 10:59am
tryin for 19666 :
  • #7,239
  • Feb 27, 2007 11:25am Feb 27, 2007 11:25am
I'm out for the day... Way too much yen carry for what my guts can stand... Although seems to be no bottom, figures have already broken ancient supports...

That's stalling EUR and Cable. All scenario was set for the big boom against the dollar today.... damn yen...

  • #7,240
  • Feb 27, 2007 1:11pm Feb 27, 2007 1:11pm
  •  Amj
  • | Joined Feb 2007 | Status: Goaheadpunk | 1 Post
Hi all.
Im completely new to all this. So forgive any faux pas. Have been reading your posts avidly for past couple of weeks and Im running like hell to keep up.
Does this sound right ? Should my nerves be as shot as they are for only the very few pips I seem to be making ?
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