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Cable Update (GBPUSD)

  • #7,581
  • Mar 2, 2007 6:30am Mar 2, 2007 6:30am
Quoting henrycarol
Im out of g/u totally for now.

Hit my target at 1.9490

In e/u shorts and usd/chf longs though

Sometimes I just dont understand why ppl like to find a reversal point and get caught.

I wont be surprised if g/u touches 1.9444 today.

Cheers.
Haha, congrats henrycarol! It did touch 444 today. How long have you been shorting gbp?
  • #7,582
  • Mar 2, 2007 6:31am Mar 2, 2007 6:31am
Target 9445 just hit!! +172 pips in about 30 hours on 2 trades. Time to give my indicators a rest and head to the bank!!
Good luck to everyone who caught this move.
  • #7,583
  • Mar 2, 2007 6:39am Mar 2, 2007 6:39am
Quoting MarkGavalda
Haha, congrats henrycarol! It did touch 444 today. How long have you been shorting gbp?
Two weeks. Everytime up I short more and more haha..

Ppl shouting to see 1.9700s

I only saw 1.9444

Cheers.
  • #7,584
  • Mar 2, 2007 6:40am Mar 2, 2007 6:40am
Quoting henrycarol
Two weeks. Everytime up I short more and more haha..

Ppl shouting to see 1.9700s

I only saw 1.9444

Cheers.
So now do you see 1.9333? Congrats on your PIPS!
Show me the PIPS!
  • #7,585
  • Mar 2, 2007 6:55am Mar 2, 2007 6:55am
Starting to show signs of oversold on all charts up to the 1 HR. Still has a little room there and PLENTY of room on the 4 HR. Pick your poison (meaning what chart you believe ,fellow trader!)! Now I just sit and wait til about 9 AM to check back in...... good trades ahead!
Show me the PIPS!
  • #7,586
  • Mar 2, 2007 6:59am Mar 2, 2007 6:59am
Took my pips off the table and I plan to wait a little while to say which way it is going to go from here. There appears to be indecision which is seen as stalling between 430 and 450. I plan to wait for a clean break above or below this level and jump in whichever direction it decides to go. I am ready and waiting to jump. Just waiting for the starting gun to go off.
  • #7,587
  • Mar 2, 2007 7:03am Mar 2, 2007 7:03am
Quoting tathlynq
Starting to show signs of oversold on all charts up to the 1 HR. Still has a little room there and PLENTY of room on the 4 HR. Pick your poison (meaning what chart you believe ,fellow trader!)! Now I just sit and wait til about 9 AM to check back in...... good trades ahead!
CAble is oversold in the 15M since 9490

The only indicators today seems to be the daily's
  • #7,588
  • Mar 2, 2007 7:08am Mar 2, 2007 7:08am
Short UJ again for mid-116ers...

C'mom NYC, show me what you got....
  • #7,589
  • Mar 2, 2007 7:09am Mar 2, 2007 7:09am
i just missed the nice move... was sleeping.
well, the next possible moves might be 1.9497 up or 1.9353 down... what do you say?
Nihil Sine Deo.
  • #7,590
  • Mar 2, 2007 7:12am Mar 2, 2007 7:12am
yeap, 116.60 seems to be the next target...

Quoting cesarnc
Short UJ again for mid-116ers...

C'mom NYC, show me what you got....
Nihil Sine Deo.
  • #7,591
  • Mar 2, 2007 7:13am Mar 2, 2007 7:13am
Quoting cesarnc
Short UJ again for mid-116ers...

C'mom NYC, show me what you got....
This could easily be one of those "WTF?" days where everything moves 100- 250 PIPS! Ahhh... that would be nice.

I did enter SHORT on USD/JPY at 117.53 for a quick 20 PIP profit. Thanks for calling my attention to that pair, Cesarnc. I was too busy biting nails, then fingers over the GBP/USD to even look!
Show me the PIPS!
  • #7,592
  • Mar 2, 2007 7:16am Mar 2, 2007 7:16am
Quoting Scrat
i just missed the nice move... was sleeping.
well, the next possible moves might be 1.9497 up or 1.9353 down... what do you say?

Hey Scrat! I agree with you out look. I see a retrace MAYBE to 1.9500 (though 1.9480 is looking realistic as a first target) and down 1.9340. We'll have to see what the good old US of A has in store.
Show me the PIPS!
  • #7,593
  • Mar 2, 2007 7:18am Mar 2, 2007 7:18am
Quoting tathlynq
This could easily be one of those "WTF?" days where everything moves 100- 250 PIPS! Ahhh... that would be nice.

I did enter SHORT on USD/JPY at 117.53 for a quick 20 PIP profit. Thanks for calling my attention to that pair, Cesarnc. I was too busy biting nails, then fingers over the GBP/USD to even look!
I was wide eyes on yen since this morning. Yesterday when I first looked at it, hundreds of pips were down the hole....

As break of 117.00 was interrupted by USD-positive news and today even Martians are dumping their carries, UJ is likely to discuss its future at the devil's desk...
  • #7,594
  • Mar 2, 2007 7:26am Mar 2, 2007 7:26am
Is anyone of you guys believing your very eyes right now???

Cable is so damn oversold in the 15M that price is going down and indicators are going up
  • #7,595
  • Mar 2, 2007 7:32am Mar 2, 2007 7:32am
crazy market
only yen move gbp up and down...
seems usd died
SPEED SPEED SPEED
  • #7,596
  • Mar 2, 2007 7:35am Mar 2, 2007 7:35am
Quoting Scrat
i just missed the nice move... was sleeping.
well, the next possible moves might be 1.9497 up or 1.9353 down... what do you say?
If yen broke 226 and want down we will see 935x soon
SPEED SPEED SPEED
  • #7,597
  • Edited 7:39am Mar 2, 2007 7:36am | Edited 7:39am
I am out of all the yen and sterling pairs. I think that I am recognizing a pattern of indecision and the beginnings of a turn around. This is not sufficient for me to get in long yet, but it is enough to keep me out of short positions until the dust settles.

At present I am beyond the moon and quite pleased with the evening. It is a pity that we do not have one of these nights every week. If we did I would wait for that night and not bother to trade the rest of the week.

Changed my mind and went long with 1 mini lot, not too much risk that way.
  • #7,598
  • Mar 2, 2007 7:43am Mar 2, 2007 7:43am
Strong support in 9400/9410 area. If broken - looking for 9320.
Tempted to take a long above 9450 but Bernake is speaking at 11:00. Seems that everytime that dude opens his mouth, I loose money.
  • #7,599
  • Mar 2, 2007 7:52am Mar 2, 2007 7:52am
Quoting wep561
Strong support in 9400/9410 area. If broken - looking for 9320.
Tempted to take a long above 9450 but Bernake is speaking at 11:00. Seems that everytime that dude opens his mouth, I loose money.
Me too! Sometimes I don't really like the way he expresses the big picture of economy, and things become covered in mist. It like "this is up, that's down, but as this is down this may go up, and when something goes down it will go down then up, otherwise... ETC.
I don't know about the scalpers though...
  • #7,600
  • Mar 2, 2007 7:54am Mar 2, 2007 7:54am
  •  vrama
  • | Joined Dec 2006 | Status: BE at right place@right time = LUCK | 210 Posts
Quoting Dexis
Me too! Sometimes I don't really like the way he expresses the big picture of economy, and things become covered in mist. It like "this is up, that's down, but as this is down this may go up, and when something goes down it will go down then up, otherwise... ETC.
I don't know about the scalpers though...
There is a free week of analysis going on.

http://www.elliottwave.com/subscribe...aspx?view=subs
I dont know much about technicals, can any one explain pl.
All things are difficult before they are easy.
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