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Cable Update (GBPUSD)

  • #7,241
  • Feb 27, 2007 1:20pm Feb 27, 2007 1:20pm
Quoting Amj
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 ?
Yes, but it's worse when you are loosing.
  • #7,242
  • Feb 27, 2007 3:06pm Feb 27, 2007 3:06pm
Exiting my g/u shorts at 1.9610

+40pips not bad

G/J down 600pips HAHA
  • #7,243
  • Feb 27, 2007 3:47pm Feb 27, 2007 3:47pm
Quoting henrycarol
Exiting my g/u shorts at 1.9610

+40pips not bad

G/J down 600pips HAHA
I knew you were stalling the 9650 area, godammit....

Can we go up now? thank you.
  • #7,244
  • Feb 27, 2007 3:53pm Feb 27, 2007 3:53pm
Seems like the mice of yesterday has shown up again, bearish !!!
  • #7,245
  • Feb 27, 2007 3:57pm Feb 27, 2007 3:57pm
I see this acute channel pointing up, an upwards trendline that hold the Cable above 9600 after USD-positive news, early morning heavy GBPJPY speculation and an insane 500 pips fall of GBPJPY throughout the day.

Euro is holding high levels, expected to beat the crap out of the stops above 3300 and there is a pack of bad news for dollar tomorrow...

I don't see reason to start kicking the bulls out of the picture yet....

I'm a Cable buyer by London open, on holding above 9580....
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  • #7,246
  • Feb 27, 2007 4:12pm Feb 27, 2007 4:12pm
Quoting cesarnc

I'm a Cable buyer by London open, on holding above 9580....
9580 is 1hr 250EMA now. Usual support/resistance...
  • #7,247
  • Edited 4:28pm Feb 27, 2007 4:14pm | Edited 4:28pm
Quoting cesarnc
I see this acute channel pointing up, an upwards trendline that hold the Cable above 9600 after USD-positive news, early morning heavy GBPJPY speculation and an insane 500 pips fall of GBPJPY throughout the day.

Euro is holding high levels, expected to beat the crap out of the stops above 3300 and there is a pack of bad news for dollar tomorrow...

I don't see reason to start kicking the bulls out of the picture yet....

I'm a Cable buyer by London open, on holding above 9580....
Techis saying down, and the market was down today, maybe we should expect continuation of this at least tomorrow, in my opinion. anyway I'll wait for markets opening tomorrow. now I'm out .

And don't forget Monarch saying bearish, and henry carol closing his shorts before 9444 or even 9550 !!! and the darn 9666 resistance today, the price now is still holding at 61.8 retracement of the down move !!! the cable is getting definitely crazy these days !!!
  • #7,248
  • Feb 27, 2007 5:38pm Feb 27, 2007 5:38pm
Quoting kaesar
Techis saying down, and the market was down today, maybe we should expect continuation of this at least tomorrow, in my opinion. anyway I'll wait for markets opening tomorrow. now I'm out .

And don't forget Monarch saying bearish, and henry carol closing his shorts before 9444 or even 9550 !!! and the darn 9666 resistance today, the price now is still holding at 61.8 retracement of the down move !!! the cable is getting definitely crazy these days !!!
I beg your pardon???? What market was down today? Stock market, I give you that

Cable hold tight above 9600, haven't given up to yen carry speculation twice today and is now above 9620s, and it is now 10 pips from closing a bullish daily candle. This is a very strong pressure to the long side, imo

Euro made fresh new highs and will attempt against new stops higher tomorrow and I haven't seen monarch making big time calls for weeks, besides nice 15 pips scalping calls during Frankfurt open....

Well, I'm not going to force things here... But seeing cable drop 30 pips and trigger bearish sentiment is way out of proportion here. I've seen bigger stop hunting in a calm day.
  • #7,249
  • Feb 27, 2007 5:52pm Feb 27, 2007 5:52pm
Quoting cesarnc
I beg your pardon???? What market was down today? Stock market, I give you that

Cable hold tight above 9600, haven't given up to yen carry speculation twice today and is now above 9620s, and it is now 10 pips from closing a bullish daily candle. This is a very strong pressure to the long side, imo

Euro made fresh new highs and will attempt against new stops higher tomorrow and I haven't seen monarch making big time calls for weeks, besides nice 15 pips scalping calls during Frankfurt open....

Well, I'm not going to force things here... But seeing cable drop 30 pips and trigger bearish sentiment is way out of proportion here. I've seen bigger stop hunting in a calm day.
You may be right, but i prefer to stay out for now. maybe I'll be jumping later in the long side .. again waiting for that tomahawk stuff
Thanks for your explanations.
  • #7,250
  • Feb 27, 2007 5:55pm Feb 27, 2007 5:55pm
Quoting kaesar
You may be right, but i prefer to stay out for now. maybe I'll be jumping later in the long side .. again waiting for that tomahawk stuff
Same here... China may throw another financial earthquake in the following hours... Better taking London reaction than Beijing action.

I'm still waiting for the tomahawk here... Almost dreaming about its smell...
  • #7,251
  • Edited 6:48pm Feb 27, 2007 6:09pm | Edited 6:48pm
Quoting cesarnc
Same here... China may throw another financial earthquake in the following hours... Better taking London reaction than Beijing action.

I'm still waiting for the tomahawk here... Almost dreaming about its smell...
Remember that pesky triangle from last week we FINALLY broke Friday when we hit above 1.9600? Well, we are still above it and I still think the bulls want to play but that darn yen is keeping them down. I expect the yen to fall (weaken, then MAYBE push for strength again) today (I know, we are in a Cable thread) so we MAY have another day of ranging. From two days ago... I am still waiting on a close above 1.9670 for a SECURE LONG or a close below 1.9580 to target a scalp of 1.9550. That's all I got for now........ til later tonight ...errrr.... this morning? Or whatever it is! What is today? Darn FOREX trading! Fire the fart tomahawk now!*LOL*
Show me the PIPS!
  • #7,252
  • Feb 27, 2007 9:52pm Feb 27, 2007 9:52pm
What the ?!? LOL GBP/JPY target at 230s was already hit, finally!
Tra-X
  • #7,253
  • Feb 27, 2007 10:49pm Feb 27, 2007 10:49pm
Quoting Traex
What the ?!? LOL GBP/JPY target at 230s was already hit, finally!


Funny! So nothing before midnight I see...back to bed until 2 AM!
Show me the PIPS!
  • #7,254
  • Feb 28, 2007 1:12am Feb 28, 2007 1:12am
He must have SHORTED again! Looking for a close below 1.9580 to go SHORT. If not...staying out!
Show me the PIPS!
  • #7,255
  • Feb 28, 2007 2:13am Feb 28, 2007 2:13am
Those with nerves of steel should try GBPJPY. All majors/JPY seem preety busy already...

I don't leave the electric chair to trade GBPJPY, as I've said before... Maybe UJ today, if Cable goes on held hostage ...
  • #7,256
  • Feb 28, 2007 2:22am Feb 28, 2007 2:22am
Free fall goes on...

http://www.cnn.com/2007/BUSINESS/02/...eut/index.html
  • #7,257
  • Feb 28, 2007 2:47am Feb 28, 2007 2:47am
Free fall goes on...

Seems the bears were really there !!! darm tomahawk sabotaged ...
  • #7,258
  • Feb 28, 2007 2:51am Feb 28, 2007 2:51am
Time for a short term LONG... ahhhh wait! Henrycarol may still be sneaking around in this drop... nevermind. Taking my 50 PIPS and calling it a day....for now....
Show me the PIPS!
  • #7,259
  • Feb 28, 2007 4:02am Feb 28, 2007 4:02am
Placed my long at 9545 looking for it to retrace back the move it made today with all the economic news events approaching later this afternoon. They all look to be decent movers. They look to be bad news for the US.

Looking for first profit target at 9585 and second at 9615. Any thoughts?
  • #7,260
  • Feb 28, 2007 4:04am Feb 28, 2007 4:04am
Trading today is gonna be nasty business.

GBPJPY is dragging Cable down but Euro is stalling at support 3180. If (when?) EUR breaks it, forget about Mr. 95er today...

I'm short USD/Yen for the day today aiming a likely bad US news shortly....
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