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Cable Update (GBPUSD)

  • #9,201
  • Mar 27, 2007 6:35am Mar 27, 2007 6:35am
Cable retraced from the support at 1.9618.It's possible to re-test the 1.9720 level.
  • #9,202
  • Mar 27, 2007 6:43am Mar 27, 2007 6:43am
Quoting Traex
What you said came true, cesarnc. Having too many pointers on that level yesterday made cable 'betraying' from going there.
All buyers at low 95s thirsty as bedouins and BANG! price goes up...

Quote
Cable retraced from the support at 1.9618.It's possible to re-test the 1.9720 level.

Let's make it 9727, please.... Sick and tired of freaking sellers at 9724-9726 already
  • #9,203
  • Mar 27, 2007 6:49am Mar 27, 2007 6:49am
Dollar Short is name of the game.

[FOCUS COMMENT: A MATTER OF CONFIDENCE] The Dollar index is starting to lose traction as it edges back to 83. Soft early week new homes data plus a raft of Dollar unfriendly FX reserve comments have once again tarnish the US unit. However, Fed comments have been more supportive
  • #9,204
  • Mar 27, 2007 8:08am Mar 27, 2007 8:08am
so I decided to go to mazatlan mexico for a week and bring my computer .. the sun is rising as I sit in an outdoor hut with a wirless connection to the market ... thats not addiction ...humm maybe so
  • #9,205
  • Mar 27, 2007 8:15am Mar 27, 2007 8:15am
Quote
so I decided to go to mazatlan mexico for a week and bring my computer .. the sun is rising as I sit in an outdoor hut with a wirless connection to the market ... thats not addiction ...humm maybe so

That's just life quality mate!
Always wait for the opportune moment… just be careful not to miss it.
  • #9,206
  • Edited 8:17am Mar 27, 2007 8:17am | Edited 8:17am
Thats what I was thinkin but the group that drank too much is sleepin their hangover off while i make $ ... So gpb is going back up to 197's too slow now?
  • #9,207
  • Mar 27, 2007 8:20am Mar 27, 2007 8:20am
morning all,

last night after the cable failed to retest 9720's I lowered my stop and moved my limit to 9635 and went to sleep. Woke up this morning and saw that my limit was filled.

currently out of cable positions, waiting till US news to decide what to do. still holding 2 euro longs both in profit.
  • #9,208
  • Mar 27, 2007 8:21am Mar 27, 2007 8:21am
Quoting positivepips
so I decided to go to mazatlan mexico for a week and bring my computer .. the sun is rising as I sit in an outdoor hut with a wirless connection to the market ... thats not addiction ...humm maybe so
Enjoy the view, although I can't stop thinking about the tequila
  • #9,209
  • Mar 27, 2007 8:25am Mar 27, 2007 8:25am
Quoting cesarnc
Enjoy the view, although I can't stop thinking about the tequila
Not so much for me ... would love the brazil beach or rainforest experience... some day soon brazil is on the list to trade from...
  • #9,210
  • Mar 27, 2007 9:10am Mar 27, 2007 9:10am
somebody can explain to me what hapend now?Thank you
  • #9,211
  • Mar 27, 2007 9:11am Mar 27, 2007 9:11am
gbp usd
  • #9,212
  • Mar 27, 2007 9:11am Mar 27, 2007 9:11am
cable is going down despite the usa under expectations conf. data. what is your opinions
  • #9,213
  • Mar 27, 2007 9:20am Mar 27, 2007 9:20am
slow reaction to the news? everyone was getting coffee at the same time
  • #9,214
  • Mar 27, 2007 9:29am Mar 27, 2007 9:29am
OK, Im out of GP/USD. Nice wrap up for the day.
  • #9,215
  • Mar 27, 2007 9:30am Mar 27, 2007 9:30am
lousy day today.... offers and bids in a narrow range, USD news stabbed the stocks first, then the dollar...

I'm dancing with the devil here... buying dips, taking profit to reduce drawdown.... cash in the bank, debts rolling
  • #9,216
  • Mar 27, 2007 9:33am Mar 27, 2007 9:33am
On second thought, I thnk a long USD/JPYis lokking good. I'm goin in.
  • #9,217
  • Mar 27, 2007 9:38am Mar 27, 2007 9:38am
Quoting gklp
cable is going down despite the usa under expectations conf. data. what is your opinions
First they spike it up 12 pips....triggers longs....then they take it down 30 pips....the longs panic and sell, as do the guys who had stops under the market...so finally it goes up 45 pips and takes out all the shorts.....loads of cash in the bank for the brokers and loads of poorer news traders....just my opinion.....trading the news can be bad for your wealth!
Trading Levels with WRBs
  • #9,218
  • Mar 27, 2007 9:43am Mar 27, 2007 9:43am
this is sick guyz, am goin nuts this is totaly unfair and stupid, i got into gbp/usd today with bad intentions for gbp/usd its only 1 thing, i kill it or it kills me ...... guess what .........................after all the market studying i did and it killed me shit this crazy............
  • #9,219
  • Mar 27, 2007 9:49am Mar 27, 2007 9:49am
Quoting Islander
First they spike it up 12 pips....triggers longs....then they take it down 30 pips....the longs panic and sell, as do the guys who had stops under the market...so finally it goes up 45 pips and takes out all the shorts.....loads of cash in the bank for the brokers and loads of poorer news traders....just my opinion.....trading the news can be bad for your wealth!
Yeah beware the stop hunters!
Tra-X
  • #9,220
  • Mar 27, 2007 9:50am Mar 27, 2007 9:50am
Quoting Islander
First they spike it up 12 pips....triggers longs....then they take it down 30 pips....the longs panic and sell, as do the guys who had stops under the market...so finally it goes up 45 pips and takes out all the shorts.....loads of cash in the bank for the brokers and loads of poorer news traders....just my opinion.....trading the news can be bad for your wealth!
Agreed.

Market with no direction + bankers hungry = kicking rats out of the house...
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