so lets just wait n see....
- #8,684
- Mar 21, 2007 10:22am Mar 21, 2007 10:22am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
hehehe... there were two spikes in long positions with Oanda. About 9620 and 9650
"Damn stop hunting", they should be thinking by now
Guess our guy long at 9913 just cut losses... But there are fellows awaiting B/E at 9900 as of yet...
Just a little piece of humor for another lousy day to trade.
"Damn stop hunting", they should be thinking by now
Guess our guy long at 9913 just cut losses... But there are fellows awaiting B/E at 9900 as of yet...
Just a little piece of humor for another lousy day to trade.
- #8,686
- Mar 21, 2007 10:30am Mar 21, 2007 10:30am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
This kind of statement is what I generally use to place trades, stops and limits...
Just to share. Bold is mine.
A central bank has been a bidder of [CABLE] into the MPC minutes inspired dip, the Pound also likely to get some support from Short-Stg futures falling after Chancellor Brown cut the lowest rate of income tax from 22% to 20%. The conclusion is obviously that, with the consumer sector generally buoyant, and the housing sector strong, extra spending will eventually need to be countered by higher rates. Bids are in place around the day's lows in Eur/Gbp, with the well-known 0.6775 stops band needing tripping for any improvement in Gbp sentiment to feed through. Russian names have again been active in Gbp/Jpy. This cross is likely to prove the better avenue to play Gbp strength given the Jpy again on the slide amid firm equity markets, with stops in place above 231.50 the next upside target. The 50 day m.a. at 1.9544 in Cable likely features a build of bids and stops, with offers around 1.9620 and then 1.9680.
>> Buy limits ahead of stops / stop losses behind them
>> TP ahead of offers
Just to share. Bold is mine.
A central bank has been a bidder of [CABLE] into the MPC minutes inspired dip, the Pound also likely to get some support from Short-Stg futures falling after Chancellor Brown cut the lowest rate of income tax from 22% to 20%. The conclusion is obviously that, with the consumer sector generally buoyant, and the housing sector strong, extra spending will eventually need to be countered by higher rates. Bids are in place around the day's lows in Eur/Gbp, with the well-known 0.6775 stops band needing tripping for any improvement in Gbp sentiment to feed through. Russian names have again been active in Gbp/Jpy. This cross is likely to prove the better avenue to play Gbp strength given the Jpy again on the slide amid firm equity markets, with stops in place above 231.50 the next upside target. The 50 day m.a. at 1.9544 in Cable likely features a build of bids and stops, with offers around 1.9620 and then 1.9680.
>> Buy limits ahead of stops / stop losses behind them
>> TP ahead of offers
- #8,687
- Mar 21, 2007 10:41am Mar 21, 2007 10:41am
This kind of statement is what I generally use to place trades, stops and limits...
Just to share. Bold is mine.
A central bank has been a bidder of [CABLE] into the MPC minutes inspired dip, the Pound also likely to get some support from Short-Stg futures falling after Chancellor Brown cut the lowest rate of income tax from 22% to 20%. The conclusion is obviously that, with the consumer sector generally buoyant, and the housing sector strong, extra spending will eventually need to be countered by higher rates. Bids are in place around the day's lows in Eur/Gbp, with the well-known 0.6775 stops band needing tripping for any improvement in Gbp sentiment to feed through. Russian names have again been active in Gbp/Jpy. This cross is likely to prove the better avenue to play Gbp strength given the Jpy again on the slide amid firm equity markets, with stops in place above 231.50 the next upside target. The 50 day m.a. at 1.9544 in Cable likely features a build of bids and stops, with offers around 1.9620 and then 1.9680.
>> Buy limits ahead of stops / stop losses behind them
>> TP ahead of offers
- #8,688
- Mar 21, 2007 10:48am Mar 21, 2007 10:48am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #8,689
- Mar 21, 2007 11:40am Mar 21, 2007 11:40am
- Joined Sep 2006 | Status: Trader | 2,272 Posts
its just money
- #8,691
- Mar 21, 2007 11:50am Mar 21, 2007 11:50am
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
ok guys lets vote for interest rate statement
a.) 5.25
b.) 5.0
c.) 5.5
d.) name it
i must say that i always miss,...so...
a) Rumors, commotion, crazy carries, New Centure shutting doors, housing market specs and then: rate unchanged
- #8,692
- Mar 21, 2007 11:51am Mar 21, 2007 11:51am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
Custer was brave too!
- #8,694
- Mar 21, 2007 12:06pm Mar 21, 2007 12:06pm
- Joined Sep 2006 | Status: Trader | 2,272 Posts
Just hope you don't trade what you guess....
a) Rumors, commotion, crazy carries, New Centure shutting doors, housing market specs and then: rate unchanged
: ...so tp 535 or 666 anyone...or will be just ranging here strong buyers at 535-566 and strong sellers at 595-615....barca says hawkish...
its just money
- #8,695
- Mar 21, 2007 12:08pm Mar 21, 2007 12:08pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
Just read something interesting here. The likely no-hike + hawkish talk from FED may trigger Majors/Yen up.
That will be nice since it will then stall Cable at least, not hurting my (our) already lousy long positions.
Then going long */JPY sounds like a good idea.
I'll be on it at the news...
- Goshh... dying for a susprising rate cut........
That will be nice since it will then stall Cable at least, not hurting my (our) already lousy long positions.
Then going long */JPY sounds like a good idea.
I'll be on it at the news...
- Goshh... dying for a susprising rate cut........
- #8,696
- Mar 21, 2007 12:15pm Mar 21, 2007 12:15pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
- #8,699
- Mar 21, 2007 1:00pm Mar 21, 2007 1:00pm
I am out of the market until the dust settles.
but I'm going to live dangerously with my 1 mini lot
: trying hard not to be too quick with the trigger finger during the spikes
- #8,700
- Mar 21, 2007 1:05pm Mar 21, 2007 1:05pm
- Joined Nov 2006 | Status: Shoot all the clowns.. Shoot'em all | 14,520 Posts
probably the safest and smartest thing to do.
but I'm going to live dangerously with my 1 mini lot
trying hard not to be too quick with the trigger finger during the spikes