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Cable Update (GBPUSD)

  • #10,021
  • Apr 6, 2007 10:05am Apr 6, 2007 10:05am
Yep....time for my "evening job"....quality control for Don San Miguel!

Happy Easter all.

http://www.forexfactory.com/images/icons/icon7.gif
Trading Levels with WRBs
  • #10,022
  • Apr 6, 2007 10:10am Apr 6, 2007 10:10am
Quoting pip hustla
hey Bravado i think i know wat was ur results still thou i think we should talk so add and lets do the talking i know i got something good .......
-200(+) this week and the same for last week.
if i had 1 pip for every 1 pip i lost i'd be.. even.

i'll tell you what. i am a philanthropist. i want to do whats best for you.
there's a guy here named cesarnc, and don't forget pablorpl, islander and traex.

now they have been dying to know what your business is. so in their and your best interest, i'd advise you ask them.

let me ponder in my misery.

and you know what they say about misery. misery loves company.
BAM BAM BOOM! -bravado
  • #10,023
  • Apr 6, 2007 10:16am Apr 6, 2007 10:16am
Quoting Traex
That's a shooting star candle, but if cable goes up more abit it'll become doji. Next week cable might retrace this fall, maybe to 9750 - 9780 area again, and then take a nosedive. Just my opinion.
that too.

but also there's already a bearish harami on the daily 4.03.2007. if you are interested.
BAM BAM BOOM! -bravado
  • #10,024
  • Apr 6, 2007 10:26am Apr 6, 2007 10:26am
Quoting bravado
that too.

but also there's already a bearish harami on the daily 4.03.2007. if you are interested.
You're right. Thanks for informing.

PS My connection to FF is abit slow lately. Anyone having same problem? Maybe FF server is taking a rest for Easter holiday.
Tra-X
  • #10,025
  • Apr 6, 2007 11:39am Apr 6, 2007 11:39am
but how long it will bearish? i dont know it seems GBP have been pushing up eaven they keepted the intrest rate. offcourse more positive newst form US might push it more down but i think meany people expect next month BOE will be increased. so might be that people start hungting good down spots for longs.
  • #10,026
  • Apr 6, 2007 12:41pm Apr 6, 2007 12:41pm
I'm a bit nervous:
Do you know what happened on March 9th? 74 pips from NFP there. Then, on Monday, "they" played their trick: First up (against Dollar sentiment) and then fall out of the sky for 180 pips. The same "they" made on another NFP day in I believe December. So thats what I'm aware of and await on Monday or on Tuesday, because Monday is another holiday. "They" have money and need to ditch it. If not today, then next trading day.

Today's trading day made only 84 pips in total.
  • #10,027
  • Apr 6, 2007 1:17pm Apr 6, 2007 1:17pm
Quoting katzenhai2
I'm a bit nervous:
Do you know what happened on March 9th? 74 pips from NFP there. Then, on Monday, "they" played their trick: First up (against Dollar sentiment) and then fall out of the sky for 180 pips. The same "they" made on another NFP day in I believe December. So thats what I'm aware of and await on Monday or on Tuesday, because Monday is another holiday. "They" have money and need to ditch it. If not today, then next trading day.

Today's trading day made only 84 pips in total.
flash back trauma. old time war stories.
BAM BAM BOOM! -bravado
  • #10,028
  • Apr 6, 2007 2:18pm Apr 6, 2007 2:18pm
Anyone who has been trading over a year remembers Last Easter 4/10/06, price 1.7427, the start of this run up, price now 1.9650. First month run up 5/12/06, +1500 pips.
  • #10,029
  • Apr 6, 2007 2:43pm Apr 6, 2007 2:43pm
Quoting netzorro
Anyone who has been trading over a year remembers Last Easter 4/10/06, price 1.7427, the start of this run up, price now 1.9650. First month run up 5/12/06, +1500 pips.
New one here i am. and just wondering. do you remember/know what cobination or evets/news made this happen?
  • #10,030
  • Apr 6, 2007 2:53pm Apr 6, 2007 2:53pm
we have a double bottom on the 4 hr pound dollar this could produce a bounce to 1.9700 to 1.9715 on open sunday,it is right at the 618 retrace level.
  • #10,031
  • Apr 6, 2007 11:21pm Apr 6, 2007 11:21pm
Quoting Mother
New one here i am. and just wondering. do you remember/know what cobination or evets/news made this happen?
1.Geopolitical concerns over US reaction to Iranian urainium enrichment.
2.Arab and other countries diversifing currency reserves.
3.Higher oil prices.
4.US calling China a currency manipulator.
5.Prevasive fear of a destabilizing global trade imbalance.
6.Speculation that US interest rates would be put on hold.
7.Exotic option barriers taken out with the breakout higher.
  • #10,032
  • Apr 8, 2007 1:05pm Apr 8, 2007 1:05pm
Any ideas on what's gonna happpen to GBPUSD on sunday open and monday? 1.97 or 1.96???
  • #10,033
  • Apr 8, 2007 1:29pm Apr 8, 2007 1:29pm
Quoting ashlee_17
Any ideas on what's gonna happpen to GBPUSD on sunday open and monday? 1.97 or 1.96???
Move to mid-96s on NFP hasn't retraced. Best trade for Monday is waiting in the sidelines for 1st or 2nd London hour.

9620-9600 is key area. If broken, we can expect mid-95s as retracement from big 600 up move.

Eyes on the 4hr 250EMA as key support area. For the risk hungries, mid-95s is price to start building long inventories targeting new highs at mid-98 / low 99 ahead of next BOE rate statement.

Back to 97s on Monday may take us to choppy days, as buyers are not seeing value in 97s or low-98s

That's my trade for GU this week
  • #10,034
  • Apr 8, 2007 1:36pm Apr 8, 2007 1:36pm
I am holding a small short position from 1.9715. Any ideas on when should I close the position?

Thanx
  • #10,035
  • Apr 8, 2007 2:42pm Apr 8, 2007 2:42pm
Quoting cesarnc
Eyes on the 4hr 250EMA as key support area. For the risk hungries, mid-95s is price to start building long inventories targeting new highs at mid-98 / low 99 ahead of next BOE rate statement.
indeed looking some tops to get short them short. and and if it ever gets 95 bottom its gonna blast sky high. :o)

Keep on rocking and chill sunday, whats left of it!
Mother
  • #10,036
  • Apr 8, 2007 3:47pm Apr 8, 2007 3:47pm
Quoting ashlee_17
I am holding a small short position from 1.9715. Any ideas on when should I close the position?

Thanx
No retracement from NFP's fall suggests continuation (down).

SUGGESTS, not GUARANTEES

Better place your SL to lock you profit at some level (20-30 pips) and let it roll...

OR, you are already 50 pips positive against the trend, which is A LOT. Pocket this profit, wait for confirmation that GU will continue down and place a new trade.

Just do not turn this awesome winner trade you have in a loser. You're not going to stand the headache
  • #10,037
  • Apr 8, 2007 4:28pm Apr 8, 2007 4:28pm
Quoting cesarnc
Just do not turn this awesome winner trade you have in a loser. You're not going to stand the headache
good advice.
BAM BAM BOOM! -bravado
  • #10,038
  • Apr 8, 2007 6:34pm Apr 8, 2007 6:34pm
EASING INFLATION PRESSURES IN THE UK: UK FIRMS NO LONGER PLANNING TO RAISE PRICES SO AGGRESSIVELY - BRITISH CHAMBERS OF COMMERCE SURVEY OF 5000 FIRMS LEAKED TO SUNDAY TIMES
- Survey finds that growth in UK business activity slows in the first 3mnths
- Sunday Times says that UK exports have been disappointing in both manufacturing and services
- UK firms have worse price expectations: Sunday Times say UK firms have encountered more price resistance than they expected, and are not planning on aggressively raising prices
  • #10,039
  • Apr 8, 2007 6:40pm Apr 8, 2007 6:40pm
Quoting wshhmm
EASING INFLATION PRESSURES IN THE UK: UK FIRMS NO LONGER PLANNING TO RAISE PRICES SO AGGRESSIVELY - BRITISH CHAMBERS OF COMMERCE SURVEY OF 5000 FIRMS LEAKED TO SUNDAY TIMES
- Survey finds that growth in UK business activity slows in the first 3mnths
- Sunday Times says that UK exports have been disappointing in both manufacturing and services
- UK firms have worse price expectations: Sunday Times say UK firms have encountered more price resistance than they expected, and are not planning on aggressively raising prices
Interesting and important. But last CPI and Retail Sales say otherwise.
  • #10,040
  • Apr 8, 2007 6:43pm Apr 8, 2007 6:43pm
Quoting wshhmm
EASING INFLATION PRESSURES IN THE UK: UK FIRMS NO LONGER PLANNING TO RAISE PRICES SO AGGRESSIVELY - BRITISH CHAMBERS OF COMMERCE SURVEY OF 5000 FIRMS LEAKED TO SUNDAY TIMES
- Survey finds that growth in UK business activity slows in the first 3mnths
- Sunday Times says that UK exports have been disappointing in both manufacturing and services
- UK firms have worse price expectations: Sunday Times say UK firms have encountered more price resistance than they expected, and are not planning on aggressively raising prices
Hmm, and Taylor Trends (based on gravity waves and DOW) is showing DOWN also, so I suspect that whence seeing sell sig on my fractal software I'll be taking the sell sig at 0100.

jerry
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