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Cable Update (GBPUSD)

  • #9,941
  • Apr 5, 2007 9:11am Apr 5, 2007 9:11am
Quoting bravado
take a look at the correlation between gold and dollar below.
actually, the top chart is gold and under it is gbp/usd.

take a look at how gold price went up when usd sell off began earlier in the NY session.
Thanks... I never saw that move coming... Deutche Bank said to start the Euro longs but I don't know if this coupled with simultaneous dollar selloff or caused it.
  • #9,942
  • Apr 5, 2007 9:12am Apr 5, 2007 9:12am
Thanks for the USD index chart links, guys.
Tra-X
  • #9,943
  • Apr 5, 2007 9:13am Apr 5, 2007 9:13am
Quoting goodness
is there still enough steam to drop cable to 9660....
ur honest analysis is welomed by the way bravo wats ur target??

http://www.forexfactory.com/images/misc/progress.gif

i'm not so much concerned with targets atm.
just want to minimize the loss that could incur should the trade go against me.
BAM BAM BOOM! -bravado
  • #9,944
  • Apr 5, 2007 9:17am Apr 5, 2007 9:17am
Quoting mktjong
Good analysis Brava.. I see the same one. I have been scalping twice today with small gains .. http://www.forexfactory.com/images/icons/icon7.gif
Very volatile day .. same goes tomorrow too, I guess.
i'm thinking. why should i be trading when i can just send you my funds and you can trade for me at this point.

about fridays, NFP or not i hate it.

we'll see what happens.
BAM BAM BOOM! -bravado
  • #9,945
  • Apr 5, 2007 9:20am Apr 5, 2007 9:20am
Quoting bravado
i'm thinking. why should i be trading when i can just send you my funds and you can trade for me at this point.

about fridays, NFP or not i hate it.

we'll see what happens.
NFP, fridays or not, I hate it.

Revision sucks.
  • #9,946
  • Apr 5, 2007 9:38am Apr 5, 2007 9:38am
a possibility of daily bar closing at around 9730 for cable.
BAM BAM BOOM! -bravado
  • #9,947
  • Apr 5, 2007 9:42am Apr 5, 2007 9:42am
Quoting bravado
i'm thinking. why should i be trading when i can just send you my funds and you can trade for me at this point.

about fridays, NFP or not i hate it.

we'll see what happens.
Well, am just fortunate enough I guess for today .. I have learned more new things if market is pretty volatile, scalping seems more profitable. Watch what the indicators tell as well.
  • #9,948
  • Edited 10:57am Apr 5, 2007 10:43am | Edited 10:57am
Quoting bravado
a possibility of daily bar closing at around 9730 for cable.
if everyone can make market close prophecies
then I'll loose my job
  • #9,949
  • Apr 5, 2007 12:19pm Apr 5, 2007 12:19pm
Quoting details
if everyone can make market close prophecies
then I'll loose my job
i suppose you are right.

so whats your point. you want a piece of me?
let's see. next time i find 'you' make a notably stupid comment i'm coming after you too.
BAM BAM BOOM! -bravado
  • #9,950
  • Apr 5, 2007 1:28pm Apr 5, 2007 1:28pm
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
Quote
i suppose you are right.

so whats your point. you want a piece of me?
let's see. next time i find 'you' make a notably stupid comment i'm coming after you too.



Well said bravado...u have my vote

This forum is made for that kind of posts so we can discous things not to judge them....
---------------------------------
PALAN YOUR TRADE AND TRADE YOUR PLAN
  • #9,951
  • Apr 5, 2007 8:24pm Apr 5, 2007 8:24pm
closed cable trade @ 9710. way too inactive near NFP announcement.
BAM BAM BOOM! -bravado
  • #9,952
  • Apr 5, 2007 10:04pm Apr 5, 2007 10:04pm
Quoting bravado
i suppose you are right.

so whats your point. you want a piece of me?
let's see. next time i find 'you' make a notably stupid comment i'm coming after you too.
I wouldn't pay much attention to a person who can't even spell "lose" properly...
  • #9,953
  • Edited 12:39am Apr 6, 2007 12:14am | Edited 12:39am
Not a prediction.

I think NFP will be bad for the $ today. And we will, perhaps, see another 1.98xx for today and next week.

Take care and enjoy trading.
  • #9,954
  • Apr 6, 2007 12:15am Apr 6, 2007 12:15am
Hi

I think cable target is 1.9660 .... today is holiday .... where
  • #9,955
  • Apr 6, 2007 12:37am Apr 6, 2007 12:37am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
Quote
you spelled 'discuss' and 'plan' wrong.
i'll bet you didn't graduate grade school.

Oh my god....how could I do that. Bravado, would you bet 1 LOT on your claims....

I think NFP will determin where the market will go, until then it will range like now...I am expecting bulls....

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PLAN YOUR TRADE AND TRADE YOUR PLAN
  • #9,956
  • Apr 6, 2007 12:57am Apr 6, 2007 12:57am
cesarnc, bravado, and all,

The Cable seems adrift. What are the requirements for a potential trend?

Humor and insights are a welcome relief to otherwise boring market action. Kudos.

Time work on surfing
  • #9,957
  • Apr 6, 2007 1:28am Apr 6, 2007 1:28am
Quoting dado26
Oh my god....how could I do that. Bravado, would you bet 1 LOT on your claims....

I think NFP will determin where the market will go, until then it will range like now...I am expecting bulls....

--------------------------------
PLAN YOUR TRADE AND TRADE YOUR PLAN
i wonder if there will be any significant movements. it 'is' a holiday.
BAM BAM BOOM! -bravado
  • #9,958
  • Edited 1:57am Apr 6, 2007 1:46am | Edited 1:57am
Quoting kreetcha
cesarnc, bravado, and all,

The Cable seems adrift. What are the requirements for a potential trend?

Humor and insights are a welcome relief to otherwise boring market action. Kudos.

Time work on surfing
in terms of break out from current range,
9780 above is a initial sign of continuation of bullish move.
9650 below is a initial sign of reversal.

from 9780, look for price to reach 9830 and upwards.
from 9650, look for price to breach 9630 then reach 9590 and below.
BAM BAM BOOM! -bravado
  • #9,959
  • Apr 6, 2007 2:18am Apr 6, 2007 2:18am
Some channels and trend lines providing S/R
Attached Image
  • #9,960
  • Apr 6, 2007 2:47am Apr 6, 2007 2:47am
Quoting kreetcha
cesarnc, bravado, and all,

The Cable seems adrift. What are the requirements for a potential trend?

Humor and insights are a welcome relief to otherwise boring market action. Kudos.

Time work on surfing
With BOE not raising rates yesterday, market will go on expecting a hike for May. In that sense the overall GU m/t uptrend is preserved. Buying dips at 9500/50 is favoured and we are going to see 9820+ in the next two weeks.

For today, in case NFP comes out strong UJ is likely to break through 119 resistance but Cable is not likely to follow in a balanced way. So I'll be watching GBPJPY after the panic settles down 15 min. after the release...

Thin liquidity is likely to allow exacerbated moves that pull back fast. Wide SL is advised.
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