Cable Update (GBPUSD)

Freaking market dumpped CARRIES at the news...

Thanks for the correction, i tought it was friday already yesterday
I remeber last NFP, big mess maybe it's a lapsus.

This FOREX is entertaining to say the least! Maybe 10 AM news will cause the launch of that tomahawk that smells of poo..........

Tell me about it...

This upcoming news will provide a huge blast... About 2 pips. I will trade the retracement

i was right ... who was with me.... nice 65 pips

i bet this is gonna be another brilliant day (and why not, week!) with a 50 pips range...

Nice job Debooo I got in a little latter then you did.

Yup... Lil apetite for dollar due to NYSE up, then support holding, then Yen moving, then carries holding...

Real trading range from Europe open was 9240-9280 -> 40 pips...

The single 15M candle to open above 9282 (what I was expecting to be a confirmation to go LONG), closed 20 pips below...

The rest was the usual B.S. Just a rate hike or no-hike to move something here...

After this hugh down move I'm expecting some consolidation. Failure to break below 9200 is positive for the upside but who knows when? Maybe not today. I'm looking for another long above 9260. There could be a couple hundred pips here if we hold above 9200.

Damn, that was a quick pop. My buy stop was just hit and I'm long again at 9261.

...well, no strong moves so far during US market.... I think its time to sleep........ Til Wednesday!

They just corrected pending home sales to -4.1. That won't help the dollar still bad news for housing.

HI ALL,
GBPUSD
Added 1 Long Postion at 1.9209 IF SEE IT AT THIS AREA
STOP 1.9170
TARGET 1.9400/35/70
THE POUND MABY WILL MOVE UP THIS WEEK UNTILL 1.9570 WATCH IT.
HAPPY TRADE,

Gbpusd For Now..
Short Gbpusd At 1.9271
Stop 1.9311
T 1.9215

Off-topic, but at least the analyst's humor is something to laugh... He's probably bored, too...

[STRATEGISER: THE KIWI BITES BACK] Nzd-Jpy has been the big loser in the carry carnage over the past week. The collapse in the pairing from highs just ahead of 86 to the low around 75.50 suggests scope for a corrective with late coming IMM accounts shaken off the tree and the RBNZ to hike rates.

Looking from this perspective, market is failing to retrace at 23% fib, which suggest continuation, rather than pull back.

There are poor data scheduled for tomorrow, assuming this ADP has lost it credibility, as last month's move showed.

And it is the day before interest rates statements, so it is likely to be buffered on both sides by big players... (actually I'm praying for a leak here )

If GB no-hike is confirmed, as largely expected AND the market reacts forcefully as last month, we are saying hello to Dr 90210, maybe for a good plastic surgery before recovering to the upside...

http://i2.photobucket.com/albums/y28/cesarnc/mar-6.jpg

Thanks for the chart, i also think it will visit the devils for a last kiss

Choppy until NFP...

[US STOCK MARKET UPDATE] The major indices are holding up well into the midday mark, paced by the Nasdaq's rise of 1.4%. The Dow is not too far behind. Market gains are broad-based among major sectors, led by financials and tech. Laggards are mostly defensive areas such as telecom and utilities. The better overall tone follows overnight strength in major foreign markets while slippage in oil to $60 is helping soothe some nerves. Market internals are looking somewhat better as up stocks top losers by a wide margin. Yet, volume is running lighter than the prior down days, suggesting buying conviction among big funds is not high. This suggests more short-covering flow while some investors stay sidelined ahead of key jobs data at week's end. Bulls need to see a follow-thru day of big gains on heavy flow as a sign that a bottom is taking hold.

Have a nice rate statement scalping in the waiting...

Always appreciate your news forecasts, cesarnc!

From time to time I refresh my charts here to make it sure the system is not frozen.