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Cable Update (GBPUSD)

  • #7,261
  • Feb 28, 2007 4:05am Feb 28, 2007 4:05am
Quoting kaesar
Free fall goes on...

Seems the bears were really there !!! darm tomahawk sabotaged ...
I believe the price will hit 1.9450 in 1-2 days. We've got spinning top on the daily charts, followed by bearish engulfing pattern. I'll Short this and see if everything goes smoothly.
  • #7,262
  • Feb 28, 2007 4:06am Feb 28, 2007 4:06am
Quoting thunder
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?
It it touches your second 9615, place a third at 9670.... If a turnaround is going to occur before Eur breaks below, then forget about Mr 95er to the way up
  • #7,263
  • Feb 28, 2007 4:08am Feb 28, 2007 4:08am
ok i'm long now, waiting for that tomahawk fart from underground, have a nice day !!!
  • #7,264
  • Feb 28, 2007 4:14am Feb 28, 2007 4:14am
Quoting cesarnc
It it touches your second 9615, place a third at 9670.... If a turnaround is going to occur before Eur breaks below, then forget about Mr 95er to the way up
Well I guess it'll just be a waiting game at this point. I believe that since it is testing the upper line of the triangle now that it'll bounce of that, which it has been doing. I still feel it has a little bit more to the upside.
  • #7,265
  • Feb 28, 2007 4:16am Feb 28, 2007 4:16am
Quoting kaesar
ok i'm long now, waiting for that tomahawk fart from underground, have a nice day !!!

Lets just hope that it doesn't turn around and blow up the bunker!!
  • #7,266
  • Feb 28, 2007 4:18am Feb 28, 2007 4:18am
Quoting thunder
Lets just hope that it doesn't turn around and blow up the bunker!!
LOL
  • #7,267
  • Feb 28, 2007 4:19am Feb 28, 2007 4:19am
Quoting kaesar
ok i'm long now, waiting for that tomahawk fart from underground, have a nice day !!!
Either You or me will definately have a nice day lol. I know i've shorted this pair based solely on technicals, but it looks really promising

Happy Trading!
  • #7,268
  • Feb 28, 2007 4:21am Feb 28, 2007 4:21am
Quoting thunder
Lets just hope that it doesn't turn around and blow up the bunker!!
Well, after all this time "holding", I'm now expecting a nuclear tomahawk fart. Smelly and neon-green, too.

  • #7,269
  • Feb 28, 2007 4:34am Feb 28, 2007 4:34am
Quoting Dexis
Either You or me will definately have a nice day lol. I know i've shorted this pair based solely on technicals, but it looks really promising

Happy Trading!
Watch out for the news today, fundies are good also !!!
  • #7,270
  • Feb 28, 2007 4:44am Feb 28, 2007 4:44am
Quoting kaesar
Watch out for the news today, fundies are good also !!!
If you're trading the news expecting USD-negative, watchout for possible stall like y'day. Jump off at first sign...

Yen is calling the shots here, again. If dollaryen falls on news, market may jump in and just forget about Cable/Euro.
  • #7,271
  • Feb 28, 2007 4:45am Feb 28, 2007 4:45am
Usual 9555 !!!
  • #7,272
  • Feb 28, 2007 4:48am Feb 28, 2007 4:48am
Quoting cesarnc
If you're trading the news expecting USD-negative, watchout for possible stall like y'day. Jump off at first sign...

Yen is calling the shots here, again. If dollaryen falls on news, market may jump in and just forget about Cable/Euro.
Thanks for your advice, now i'm still holding my long at 9545, maybe i'll be closing it soon, resistance seems very tough !!!
  • #7,273
  • Feb 28, 2007 4:49am Feb 28, 2007 4:49am
Quoting cesarnc
If you're trading the news expecting USD-negative, watchout for possible stall like y'day. Jump off at first sign...

Yen is calling the shots here, again. If dollaryen falls on news, market may jump in and just forget about Cable/Euro.
BTW, there are talks of dollaryen @ 116 shortly. On GBPJPY close to a huge psycological milestone (230), whole market are in the verge of sinking.

Also talks of stronger USD in the upcoming days, mostly on the fear of emerging markets (Brazil, included, thank you very much). Brazil's Real (R$) sank y'day, overall emerging markets risk soared.... Thank you China
  • #7,274
  • Feb 28, 2007 5:12am Feb 28, 2007 5:12am
Quoting thunder
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?

First profit target hit, Determing if it'll hit the second one and may adjust stop loss. The 9585 was the 61% fibo for the move we just currently had and may continue with the downward move.
  • #7,275
  • Feb 28, 2007 6:56am Feb 28, 2007 6:56am
...i got sick, to much stress even for me,...whatch oil today, if it breaks the trendline on the way down,-->?...sell off in stocks market is giving extra strenght to dolar or is it the other way arround...on the other hand we got 2 carriers and extra 25k brave young man and women ready to attack the mighty muslims & some k to witdraw from southeren iraqies cities....on the other hand... Iraqi peacefull conference in March,...Persia & Syria invited....ww ignores that....so wha now?...dont know im sick & not trading sick...but i got 1 more thing to say...
its just money
  • #7,276
  • Feb 28, 2007 7:00am Feb 28, 2007 7:00am
Last 4hr candle is a pin, bounced at 250EMA, the actual needs to break above 9594 (almost there), then low 9600. I'm calling for bulls back right now. On resurge of yen carry squeezing pondyen down, that scenario is in jeopardy.

Euro coming back above 3200, good for cable bulls.
  • #7,277
  • Feb 28, 2007 7:07am Feb 28, 2007 7:07am
Quoting de123
...i got sick, to much stress even for me,...whatch oil today, if it breaks the trendline on the way down,-->?...sell off in stocks market is giving extra strenght to dolar or is it the other way arround...on the other hand we got 2 carriers and extra 25k brave young man and women ready to attack the mighty muslims & some k to witdraw from southeren iraqies cities....on the other hand... Iraqi peacefull conference in March,...Persia & Syria invited....ww ignores that....so wha now?...dont know im sick & not trading sick...but i got 1 more thing to say...
Yup... last insane sessions made NFP crazyness "the good old days", huh? We used to get in, scalp a little, wait for news, scalp some more, get out, case closed....

Now we have China screwing around, Iran building nukes, NYSE reacting, Cheney attacked, US news unpredictable, USD weaker here, stronger there.
  • #7,278
  • Feb 28, 2007 7:09am Feb 28, 2007 7:09am
Long again, hope it's THE good one today !!!
  • #7,279
  • Feb 28, 2007 7:11am Feb 28, 2007 7:11am
96er taken out... expecting negotiation at 9615 (15M 250 EMA). Got out with 40pips. Still holding a lousy dollaryen short here, though. Maybe B/E or lil profit on news... Therefore no Cable during news.
  • #7,280
  • Feb 28, 2007 7:14am Feb 28, 2007 7:14am
Quoting kaesar
Long again, hope it's THE good one today !!!
It looks like that tomahawk took off. I think that today or possibly tomorrow we may hit the low 9700's. Ride it to the top
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