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Cable Update (GBPUSD)

  • #156,281
  • Aug 7, 2009 10:23am Aug 7, 2009 10:23am
Quoting malcolmb14
ok what i want to kjnopw is how comes usd and equity markets both getting stronger .... this is not typical ....something seems odd.
purely manipulation as per their plan to get mess everybody next week till end month
  • #156,282
  • Aug 7, 2009 10:24am Aug 7, 2009 10:24am
Quoting malcolmb14
ok what i want to kjnopw is how comes usd and equity markets both getting stronger .... this is not typical ....something seems odd.
Well spotted

I can see that shares is a correct response to the new 'good'

and so....
  • #156,283
  • Aug 7, 2009 10:25am Aug 7, 2009 10:25am
Quoting wormboy
okay bro!




sooooooooo ...... do we buy the dip now?
the answer is a Resounding YES... If and that's a big If...I wanted to play with this nasty looking chick instead of ....Don't tempt me bro... ++++++++
I am an now...

Ooops...back over 1.6700........
LONG CABLE RULES!!!!!!!
Hear the music before the song is over ...
  • #156,284
  • Aug 7, 2009 10:25am Aug 7, 2009 10:25am
Alright fellas enjoys your weekend....

No buying...... just selling for me..... till 1.6550

Trade well
Cya
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #156,285
  • Aug 7, 2009 10:27am Aug 7, 2009 10:27am
Quoting malcolmb14
ok what i want to kjnopw is how comes usd and equity markets both getting stronger .... this is not typical ....something seems odd.
Check out yields on treasuries. Eventually, "good news" from the US will support the dollar, as the market starts to speculate that America will be first-in-first-out, meaning rate hikes could be coming sooner than previously thought.

Not saying that I necessarily agree with this sentiment, but I am merely pointing out the dynamics of today's market, from NFP release up until now.
  • #156,286
  • Aug 7, 2009 10:29am Aug 7, 2009 10:29am
Quoting grashid
as predicted BS NFP will getting better to show some sign of recovery in US economy...I should scalp next week and avoid from any short with more than 50pips...

Look like buy dip atm....but for GY am shorting her now @ 162.75 and will bring till next week...GU am long from 1.6680 (S2) as my M15 look OS....any other opinion....Seems i will bring this latest setting till next week Monday and see what happen..am taking 15% risk from this week profit...
Good Call broo what is your SL???i m in same trade..

Ub
  • #156,287
  • Aug 7, 2009 10:30am Aug 7, 2009 10:30am
Quoting GlobalMacro
the answer is a Resounding YES... If and that's a big If...I wanted to play with this nasty looking chick instead of ....Don't temp me bro... ++++++++
I am an now...

Ooops...back over 1.6700........
LONG CABLE RULES!!!!!!!
nehhh ... think I'll stick with my tp @6585 this time.
I'll give you the usual reason - "my system tells me this is still a sell"
Thank You
  • #156,288
  • Aug 7, 2009 10:31am Aug 7, 2009 10:31am
seriously, there has been some quality posting today with good explanations of the held sentiment/s. It is good to have this explanations, even if one has got the opposite sentiment.
Doing all this work and posting it has been appreciated.
The last 20 min has cable behaved very unusual, but I got my pips of the long scalp with some patience
I wish you all a great weekend and good pips within the remaining hours of this week.
Make sure losses are small and profits are bigger!
  • #156,289
  • Aug 7, 2009 10:31am Aug 7, 2009 10:31am
Quoting Bull_Bear
Alright fellas enjoys your weekend....

No buying...... just selling for me..... till 1.6550

Trade well
Cya
see ya bro, enjoy your weekend!
Thank You
  • #156,290
  • Aug 7, 2009 10:33am Aug 7, 2009 10:33am
Quoting 2be
seriously, there has been some quality posting today with good explanations of the held sentiment/s. It is good to have this explanations, even if one has got the opposite sentiment.
Doing all this work and posting it has been appreciated.
The last 20 min has cable behaved very unusual, but I got my pips of the long scalp with some patience
I wish you all a great weekend and good pips within the remaining hours of this week.
enjoy your weekend!
Thank You
  • #156,291
  • Aug 7, 2009 10:38am Aug 7, 2009 10:38am
Quoting wormboy
nehhh ... think I'll stick with my tp @6585 this time.
I'll give you the usual reason - "my system tells me this is still a sell"
and mine says up...
Hear the music before the song is over ...
  • #156,292
  • Aug 7, 2009 10:39am Aug 7, 2009 10:39am
Quoting Bull_Bear
Alright fellas enjoys your weekend....

No buying...... just selling for me..... till 1.6550

Trade well
Cya
Have a blast bro...take over the town...
Hear the music before the song is over ...
  • #156,293
  • Aug 7, 2009 10:42am Aug 7, 2009 10:42am
Quoting 2be
seriously, there has been some quality posting today with good explanations of the held sentiment/s. It is good to have this explanations, even if one has got the opposite sentiment.
Doing all this work and posting it has been appreciated.
The last 20 min has cable behaved very unusual, but I got my pips of the long scalp with some patience
I wish you all a great weekend and good pips within the remaining hours of this week.

you too...enjoy it!
Hear the music before the song is over ...
  • #156,294
  • Aug 7, 2009 10:47am Aug 7, 2009 10:47am
Quoting gammase1
Check out yields on treasuries. Eventually, "good news" from the US will support the dollar, as the market starts to speculate that America will be first-in-first-out, meaning rate hikes could be coming sooner than previously thought.

Not saying that I necessarily agree with this sentiment, but I am merely pointing out the dynamics of today's market, from NFP release up until now.
I wonder what the dynamics are between the government's tax take on bank interest, and the lower interest they have to pay on their own borrowings.

The govs sure wont be getting much capital gains tax income on shares for the next 10 years with all these brought forwarded capital losses
  • #156,295
  • Aug 7, 2009 10:49am Aug 7, 2009 10:49am
Quoting ubaidahsan
Good Call broo what is your SL???i m in same trade..

Ub
2 possibility..

1. H4 I saw OS as 2 double bottom and 1.6670 need to break for daily 50% ~ 1.6550 as BB mentioned..

2. Daily look like already touch 38.2% and possibility back to test @ 23.6% ~ 1.6801/11 and break 1.6837/47 continue north channel 1.7-1.71 till test my weekly 50% ~ 1.73 area

All in all this is what i saw and if 1.6670 break 3 area i saw 1.6550-1.64-between 1.63 to 1.6250 also possible....So my stop will be set between 1.6660-1.6600...as i did not set it yet and would like to see ~ 38.2% area game...Good luck
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  • #156,296
  • Aug 7, 2009 10:52am Aug 7, 2009 10:52am
Quoting allserene
I wonder what the dynamics are between the government's tax take on bank interest, and the lower interest they have to pay on their own borrowings.

The govs sure wont be getting much capital gains tax income on shares for the next 10 years with all these brought forwarded capital losses
I like your gab.
Probability Professor
  • #156,297
  • Aug 7, 2009 11:10am Aug 7, 2009 11:10am
Quoting grashid
2 possibility..

1. H4 I saw OS as 2 double bottom and 1.6670 need to break for daily 50% ~ 1.6550 as BB mentioned..

2. Daily look like already touch 38.2% and possibility back to test @ 23.6% ~ 1.6801/11 and break 1.6837/47 continue north channel 1.7-1.71 till test my weekly 50% ~ 1.73 area

All in all this is what i saw and if 1.6670 break 3 area i saw 1.6550-1.64-between 1.63 to 1.6250 also possible....So my stop will be set between 1.6660-1.6600...as i did not set it yet and would like to see ~ 38.2% area game...Good luck
Another Buy limit waiting for me @ 1.6625 and all my SL will be set @ 1.6600...Hit mean out of my 80 or 105pips (still ok with balance of 2/3 from GY profit)....Anyway good luck to all and happy weekend
  • #156,298
  • Aug 7, 2009 11:14am Aug 7, 2009 11:14am
dear Malcolm, since u are here

quote from ur post

short 160.20 .. target ??? stop be +5 ... still bearish till 158,5 this added to short off 160.5 earlier

what are ur comments. y gj went bull
what is the outlook for gj

thanks

f
  • #156,299
  • Aug 7, 2009 11:21am Aug 7, 2009 11:21am
Bit of talk on CNBC about the divergence with the dollar up and the stock market up

They fear a tail off in stocks towards the close - if not, then monday

As the forex market is x billion times bigger than shares, I reckon they could be right and the tail doesnt wag the dog

time to buy etf 'DOG' ?
  • #156,300
  • Aug 7, 2009 11:21am Aug 7, 2009 11:21am
Quoting malcolmb14
it is for now .. into 1.6600 ... then see what happens from there. I am looking for test of that break out level and see how the charts look after that .

GJ may well move down into 158 . 157.5 if gu moves diwn 160 pips ....
ok here we are 1.6655 , almost test of that break out level . Dollar index 79 almost , posted chart saying test 80 , so almost there.

Now just got to see if we get break of this level or if this is some form of mark down .

remember chart I posted yesterday saying symmetry ... 700 up 700 down . We just hit 500 down

daily still looks bearish .. maybe get one more day of 200 - 300 pips
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