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Cable Update (GBPUSD)

  • #8,381
  • Mar 15, 2007 11:33am Mar 15, 2007 11:33am
Do something to cable.................Euro was leading before now it is falling....................boring day for me.............+70 , -30 & -1..............
Elliot wave guys............did u expected market to go up today till 380........if yes wat was next
I shorted at 341 came out after nagative news.................wats next for cable pls................i m really gettting shock........Elliot shock......hehehe
"Trade for sake of trading & not for winning or Lossing"
  • #8,382
  • Mar 15, 2007 11:39am Mar 15, 2007 11:39am
Quoting HonaForex
Do something to cable.................Euro was leading before now it is falling....................boring day for me.............+70 , -30 & -1..............
Elliot wave guys............did u expected market to go up today till 380........if yes wat was next
I shorted at 341 came out after nagative news.................wats next for cable pls................i m really gettting shock........Elliot shock......hehehe
Good news tomorrow is Friday. With that disgusting Thu, it is likely to be one of those fantastic Fridays. CPI going nuts, revision stabbing our guts, positions being closed, crazy carries....

Place a short or a long by London open and check late NYC to see what happened. Best signal possible.
  • #8,383
  • Mar 15, 2007 11:48am Mar 15, 2007 11:48am
was out of the house picking up kids when philly fed # came out, but with that low number I expected to see GBP and Euro trading at much higher levels, what happened?

maybe it's time to buy the dips??? I just don't know anymore
  • #8,384
  • Mar 15, 2007 11:49am Mar 15, 2007 11:49am
Quoting HonaForex
Do something to cable.................Euro was leading before now it is falling....................boring day for me.............+70 , -30 & -1..............
Elliot wave guys............did u expected market to go up today till 380........if yes wat was next
I shorted at 341 came out after nagative news.................wats next for cable pls................i m really gettting shock........Elliot shock......hehehe
Imo the correction hasn't finished yet. It's up and down like crazy, maybe it's playing trampoline now lol. Retracement targets that I posted in another thread are still in force. Just my thought.
Tra-X
  • #8,385
  • Mar 15, 2007 11:58am Mar 15, 2007 11:58am
Quoting leelee75k
was out of the house picking up kids when philly fed # came out, but with that low number I expected to see GBP and Euro trading at much higher levels, what happened?

maybe it's time to buy the dips??? I just don't know anymore
Philli came out way better than previous and way worse than expected. Market stalled.

Carries are on the push now. This is a hard day to trade...
- It ranges, you don't place a trade awaiting direction
- It spikes 20 pips, you don't place a trade awaiting confirmation
- You don't try to catch the top/bottom of the spike afraid of continuation so you don't place a trade.
- Price pulls back and you burned 10kg of glucose in your brain for nothing.

P/L = -10kg glucose
  • #8,386
  • Mar 15, 2007 12:04pm Mar 15, 2007 12:04pm
if only I could burn fat thinking about this market
I'm going long Euro for a retest of 13250-60 levels upwards to 13280's, if I get stopped out I'm calling shennanigans on this market.
  • #8,387
  • Mar 15, 2007 12:44pm Mar 15, 2007 12:44pm
"Greenspan says subprime not a small issue, says if prices go down subprime problems may spread. also he says its remarkble that housing slump hasn't hit spending yet."

maybe that will make the markets move a bit.
  • #8,388
  • Mar 15, 2007 12:51pm Mar 15, 2007 12:51pm
Even the analyst doesn't know what the heck is going on. From my news source, you guys like:

Here in Blighty we were a bit confused to see something called the "NCAAs" attracting a bit of attention in the markets. New economic series?, Treasury hearings? - nope, its the National Collegiate Associations basketball championships (otherwise known as "March madness") which will continue until April 05. Do not be surprised if trading volumes dry up noticeably on match days is the warning from local contacts.

  • #8,389
  • Mar 15, 2007 12:57pm Mar 15, 2007 12:57pm
Quoting leelee75k
"Greenspan says subprime not a small issue, says if prices go down subprime problems may spread. also he says its remarkble that housing slump hasn't hit spending yet."

maybe that will make the markets move a bit.
Greenspan vs. market reaction:

[GREENSPAN ON HOUSING] The ex-Fed chief is now making comments on the housing market, subprime loan woes and what lies ahead. Of course, he states the obvious that falling/lower home prices is the root of the problem and that subprime loan woes could spillover. For now, he does not see much impact from the housing slump on household spending. But note that related housing spending is weaning - furniture, etc. Note too that mortgage equity withdrawal (MEW) is slowing down and under his own Fed research means less cash taken out to spend on other items. Some worry that the housing sector may prove to be a bigger and longer drag on the economy that the Fed things as tighter lending leads to more defaults, supply of homes and lower prices.

Total: 5 pips up followed by 5 pips down.
  • #8,390
  • Mar 15, 2007 1:08pm Mar 15, 2007 1:08pm
5 whole pips NOT!!!!!

I'm gonna go take a nice long nap, other than college basketball, I think the predicted snowfall for NY tomorrow has traders distracted. Oh and obviously this is a male dominated market, since a silly sport can distract from making money.
  • #8,391
  • Mar 15, 2007 1:58pm Mar 15, 2007 1:58pm
Quoting leelee75k
5 whole pips NOT!!!!!

I'm gonna go take a nice long nap, other than college basketball, I think the predicted snowfall for NY tomorrow has traders distracted. Oh and obviously this is a male dominated market, since a silly sport can distract from making money.
hehehhe....

I keep beer and the remote locked up during business hours here

  • #8,392
  • Mar 15, 2007 2:02pm Mar 15, 2007 2:02pm
Just looked at weekly chart now. 9360 is my week open price (0:00 GMT). The actual price now.

This is a clear statement to the market: "we don't knoooowww".
  • #8,393
  • Mar 15, 2007 2:08pm Mar 15, 2007 2:08pm
Quoting cesarnc
Even the analyst doesn't know what the heck is going on. From my news source, you guys like:

Here in Blighty we were a bit confused to see something called the "NCAAs" attracting a bit of attention in the markets. New economic series?, Treasury hearings? - nope, its the National Collegiate Associations basketball championships (otherwise known as "March madness") which will continue until April 05. Do not be surprised if trading volumes dry up noticeably on match days is the warning from local contacts.


Just remember..... we invented that over here in Blighty first, its called Netball and is played not by biological freaks but by GIRLS !! nuff said.

lol
  • #8,394
  • Mar 15, 2007 2:11pm Mar 15, 2007 2:11pm
Quoting musicman007
Just remember..... we invented that over here in Blighty first, its called Netball and is played not by biological freaks but by GIRLS !! nuff said.

lol
I thought "march madness" was about carry trading and Yen repatriation, not girls playing basketball

  • #8,395
  • Mar 15, 2007 6:19pm Mar 15, 2007 6:19pm
[ASIAN OPEN] US Mar Emp and Philly indices are really discouraging. US Feb PPI rises a surprising 1.3% m/m and 2.5% y/y (core at +0.4% m/m and +1.8% y/y, still stronger than f/cs), so we still need to watch tonight's US Feb CPI, as with the already weak +0.1% m/m US Feb retail sales, there is a risk of slowing econ under inflationary concerns, stagflation.

Market on hold as it seems..

"Stagflation". And I thought I've already heard everything here...

The new "word of the hour"?
  • #8,396
  • Mar 15, 2007 6:39pm Mar 15, 2007 6:39pm
Today candle closing this way, what does it suggests, from technical point-of-view?

I'd like to know that... Thanks.
Attached Image
  • #8,397
  • Mar 15, 2007 6:47pm Mar 15, 2007 6:47pm
[EUR/DLR] is higher through the o/n high on a US inv bk's buying, via stops executions. 1.3300 would be eyed now under its continued mild uprising channel. [EUR/YEN] is driven to the recent peak level on this.

Just to figure out what's happening... Guess cocaine arrived afterhours in NYC today...
  • #8,398
  • Mar 15, 2007 7:23pm Mar 15, 2007 7:23pm
[GBP/USD] rose from an earlier low of 1.9308 to an o/n high of 1.9394 as market players slowed down the unwinding of carry trades to reassess the risk situation given that the global equity markets have somewhat stabilised. The pair also benefitted from a report that the CBI lifted its 2007 GDP forecast for the UK economy to 2.9% from 2.7%. A BOE survey release saw UK inflation expectations for the coming year remaining at an elevated of 2.7% which is still a lot higher than the central bank's target of 2%. With no UK data on tap today, US CPI will be look upon to provide fresh direction for the pair. Buying orders at 1.9340 by a UK Clearer will provide support and selling orders at 1.9420 by CTA's will limit upside gains.

Leaving a buy limit at 9350 (SL 9300 / TP 9500 overnight (here) just in case... As Euro is busting stops at 3280 (3300 on the cards), I guess we'll see a retrace from current price before heading upwards...

And a buy stop at 9410... All tiny lots
  • #8,399
  • Mar 15, 2007 7:39pm Mar 15, 2007 7:39pm
What the hell?!!?
  • #8,400
  • Mar 15, 2007 7:42pm Mar 15, 2007 7:42pm
Quoting viking
What the hell?!!?
SOB missed my entry by 1 f'n pip
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