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Cable Update (GBPUSD)

  • #8,521
  • Mar 19, 2007 12:29pm Mar 19, 2007 12:29pm
Quoting cesarnc
Euro buy missed by 5 pips.... A classic...

Where the hell is everybody?
Now, you are in... ;-)
  • #8,522
  • Mar 19, 2007 12:41pm Mar 19, 2007 12:41pm
Quoting dswk
Now, you are in... ;-)
Not yet... missed by 1 pip now...

I want this SOB trading the stops at 3280 again, a usual mark for stops...

Not gonna add case it misses...
  • #8,523
  • Mar 19, 2007 12:46pm Mar 19, 2007 12:46pm
ok since u mentioned eur/usd,...whats the verb peak means?...well i m lazzy...
its just money
  • #8,524
  • Mar 19, 2007 1:15pm Mar 19, 2007 1:15pm
Quoting de123
ok since u mentioned eur/usd,...whats the verb peak means?...well i m lazzy...
???????

BTW, buy limit Cable 9430 triggered
  • #8,525
  • Mar 19, 2007 1:23pm Mar 19, 2007 1:23pm
Quoting IN-N-OUT
What a crappy lame duck day! Maybe London open tomorrow will be able to put some pips in my pot.
Whole pack of Cable-very-friendly news by 9:30 GMT. Closing today above 9420s and I'll let the longs for the ride throughout the Asian session...

All stock markets going up... Or, like de123 would have preferred, "noseclimbing"

That's good for business
  • #8,526
  • Mar 19, 2007 1:54pm Mar 19, 2007 1:54pm
could be mountain ....
its just money
  • #8,527
  • Mar 19, 2007 2:12pm Mar 19, 2007 2:12pm
Y A w nnnnnn......

at least the cable had more action than Euro, not in any trades at the moment, waiting for some sort of definitive movement in one direction or the other, either cable break above 9480 or below 9380 before jumping in. I could just scalp all day...seems that the best strategy for today, but why bother, I'll just tight and watch and wait and take cat naps

hope you're all having a better trading day than me.
  • #8,528
  • Mar 19, 2007 2:17pm Mar 19, 2007 2:17pm
Quoting leelee75k
Y A w nnnnnn......

at least the cable had more action than Euro, not in any trades at the moment, waiting for some sort of definitive movement in one direction or the other, either cable break above 9480 or below 9380 before jumping in. I could just scalp all day...seems that the best strategy for today, but why bother, I'll just tight and watch and wait and take cat naps

hope you're all having a better trading day than me.
I decided to start making a buck out of days like this, there has been way too much... Buying dips, bear naps, small TP.
  • #8,529
  • Mar 19, 2007 2:25pm Mar 19, 2007 2:25pm
wish I had the patience for this type of market but I don't I'm too easily distracted and rather go get my nails done than wait for 5-10 pips. Hoping to get into the market during the Asian session and for some excitement. I'm thinking long cable before US news tomorrow if we don't set any new levels overnight. Not sure about the Euro yet, depends on tonight's movements.

glad to hear you're making $, every little bit does add up
  • #8,530
  • Edited 3:04pm Mar 19, 2007 2:52pm | Edited 3:04pm
Quoting leelee75k
wish I had the patience for this type of market but I don't I'm too easily distracted and rather go get my nails done than wait for 5-10 pips. Hoping to get into the market during the Asian session and for some excitement. I'm thinking long cable before US news tomorrow if we don't set any new levels overnight. Not sure about the Euro yet, depends on tonight's movements.

glad to hear you're making $, every little bit does add up
Stay tuned to GBP news instead. Cable has moved better from GBP news (good or bad) than from US news.

I so don't like this kind of market, too. But since I've built positions expecting a good move up today, I started taking profit on the annoying stalls, what proved to be the best strategy for the day.

However, at the times I took profit, there was that bitter taste that the rocket would be launched in the minute after....
  • #8,531
  • Mar 19, 2007 5:06pm Mar 19, 2007 5:06pm
Lots long at 9428

Buy limits 9404, 9384 - no I don't trust the Asian session.

Buy stop 9465 - yes, I love Frankfurt open...

See you around..
  • #8,532
  • Mar 19, 2007 6:32pm Mar 19, 2007 6:32pm
Quoting cesarnc
Lots long at 9428

Buy limits 9404, 9384 - no I don't trust the Asian session.

Buy stop 9465 - yes, I love Frankfurt open...

See you around..
What time does Frankfurt open New York Time, Eastern time
  • #8,533
  • Mar 19, 2007 6:56pm Mar 19, 2007 6:56pm
Quoting pwegner
What time does Frankfurt open New York Time, Eastern time
7:00 GMT = 3:00 NYC
  • #8,534
  • Mar 19, 2007 7:00pm Mar 19, 2007 7:00pm
A positive spiral, finally:

Japanese Stocks May Advance; Toyota, Exporters May Lead Gains
By Makiko Suzuki
March 20 (Bloomberg) -- Japanese stocks may gain, led by exporters such as Toyota Motor Corp. after the yen extended a slide against the dollar and euro, raising the value of their overseas sales.

Full Story
  • #8,535
  • Mar 19, 2007 7:03pm Mar 19, 2007 7:03pm
Quoting cesarnc
7:00 GMT = 3:00 NYC
Thank you,
  • #8,536
  • Mar 19, 2007 11:32pm Mar 19, 2007 11:32pm
Posted in GBPJPY analysis forum

negative reverse divergence in play on the dailys of gbpjpy - with close line resistance at 231.36. Short term overbought on GBPUSD as well on daily should lead to imminent move down in GBP with negative reverse divergence on USDJPY implying strength for the yen -

Overall the trend is down - we are hitting a double top today @ 50 percent retracement from 2/23/07 with 9 sma below 45ema on price and rsi - looks like a good place to short with sl just above 231.36 and minimum price move to 221.05 - should yield a high probability play over 60% with reward to risk of minimum 4 to 1 and likely higher if overall trend is to continue - less the interest cost of carry. A move down to that 221 level will accelerate the overall trend move and we should be seeing divergence followed by reverse divergences to continue bringing us lower at that point. Took small position short already @229.50 and will look to add to it once intraday trend turns down - sl currently sitting @ 231.50.
Man who scratches ass should not bite fingernails
  • #8,537
  • Mar 19, 2007 11:40pm Mar 19, 2007 11:40pm
Today is a dangerous day to be entering on daily timeframe moves to the longside for GBPUSD. Not good idea when sma3rsi3 is above the 80 level.
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Man who scratches ass should not bite fingernails
  • #8,538
  • Mar 20, 2007 4:15am Mar 20, 2007 4:15am
DJ MARKET TALK: Cable Offers Noted Around 1.95 Again-Trader

Tue Mar 20 05:03:57 2007
EDT

0904 GMT [Dow Jones] For the third consecutive session there are cable offers
waiting around 1.95, says a UK bank trader. The rate turned sharply lower from
that area Friday and topped out at 1.9475 Monday. Cable now trades at 1.9479.
Tra-X
  • #8,539
  • Mar 20, 2007 4:34am Mar 20, 2007 4:34am
yaaaahhoooooo!!!!!!!

  • #8,540
  • Mar 20, 2007 4:38am Mar 20, 2007 4:38am
re-quoting myself from yesterday
Quoting Batch
I tend to agree w/ bullish starting from 0500 (beginning of bar time, EST) 4-hr-bar early this morn, but if its not Trend this time it be a fizzle-out (puny gain or very minor loss). This from my 7 months paper-testing up to now that has proven out. (not that I'm any guru, just a beginner's stab at "explanation"). In fact I've started 1-mini based on this. (that's all the size my beginner's account can take with 80 pip stop-loss! LOL) [did I use the word "beginner's" enough? LOL]

jerry
Enjoy!
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