Cable Update (GBPUSD)

hehehe... market can manage to be more confusing than the day before...

After hitting 2007's low, NYSE is now positive....

the stocks are in rebound at least some are i think, and cable still aiming the devils ....so im for breakout @ 375 TP 590, then short a little, its better to be the last pesimist then the first optimist...lol

For me, Cable is in bullshit mode. While Cable was inside of a 20-25 pips range, UJ soared 100. I haven't seen a slight attempt to break up. Even the usual annoying stop hunting could be seen...

Creepy...

In the otehr hand, barely retraced to 23% from todays low - high.

the other hand that bothers me,...

see

a break below 1.9344 could get ugly

if we can get above 1.9375 might be stops above there

some one should post a chart

It is not what is going to happen next that worries me.

It's this calm....

Things are getting a shake now... That's good. I'll be aside during Asian session due to extremely overbought conditions across all majors/USD and majors/JPY.

Hard to find out if downward moves are reversal or retracement... Guess some nervousness will be part of the game during Asian stock market session, too...

Will be nice to get London open with reniewed prices, landscape and indicators...

Be back soon...

good thing I moved my stop to 9405, shorted more and just closed all GBP shorts for a small profit. I'm out of all trades for the time being.

Where are the scalping guys?????

Awaiting pin-bar confirmation in the hourly..

Carries seem undecided yet...

those carry trades are killing me,,,,,

you tell me...

Now all stocks are ok and carries seem to be traying to go down... Go figure.

20 pips ranging in a promissing boring day to trade.... USD news coming up, maybe for few pips...

[FOCUS COMMENT: NEARING THE END] as the latest weekly Jpn MoF weekly data suggests that major repatriation are starting to wane as the end of the FY draws to a close. This would repeat past patterns that inflows normally abate by around the third week of March.

[L/T FX FORECASTS] he surge in implied volatilities has abated, suggesting the FX mkts are regaining their composure after the frights over the US sub-prime mkt and the equity mkts scares. While the shadow of recent volatility in unlikely to disappear quickly and Fx mkts remain wary, nonetheless it does suggest that the fundamental drivers may come back more into the picture

DJ MARKET TALK: Talk Of Middle-East Interest In Cable - Trader

Thu Mar 15 07:23:57 2007
EDT

1124 GMT [Dow Jones] A trader hears talk that a couple of Middle-East players
have an interest to buy cable on any dips toward 1.9320-00. Cable currently
trades at 1.9356 within the day's range of 1.9312-1.9390.

[FOCUS COMMENT] - Another batch of data today from the US, although on first viewing the outlooks hardly offer much support for the Greenback. Indeed against the recent trend to ignore positives, the data looks to be a spur for another leg lower for the US unit.



News are getting better and better... Now let's see if the market acts accordingly..