Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
Cable Update (GBPUSD)
- #163,721
- Sep 4, 2009 11:31am Sep 4, 2009 11:31am
- | Joined Apr 2008 | Status: J16 Turtle | 1,572 Posts
- #163,722
- Sep 4, 2009 11:35am Sep 4, 2009 11:35am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
- #163,723
- Sep 4, 2009 11:35am Sep 4, 2009 11:35am
- Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
- #163,724
- Sep 4, 2009 11:38am Sep 4, 2009 11:38am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
thanks bro! .....very stupid of me to think they will just buy pounds
Nasdaq +1.9%
Europe +2.3%
Oil +0.4%
--------------
cable +0.37% is actually underperforming other markets....so obviously this rally has nothing to do with cable itself but everthing with risk-appetite being back on...
Hear the music before the song is over ...
- #163,725
- Sep 4, 2009 11:38am Sep 4, 2009 11:38am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
the bull flag guy has found new audience, does not matter that his trendlines are so curve fitted its not even funny
http://www.forexfactory.com/showpost...stcount=139083
Thank You 
- #163,726
- Sep 4, 2009 11:39am Sep 4, 2009 11:39am
- | Joined Apr 2008 | Status: J16 Turtle | 1,572 Posts
lol you stalking jim?
lol yea its getting kinda of profitable to fade him
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
- #163,727
- Sep 4, 2009 11:40am Sep 4, 2009 11:40am
- Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
S&P +1.1%
Nasdaq +1.9%
Europe +2.3%
Oil +0.4%
--------------
cable +0.37% is actually underperforming other markets....so obviously this rally has nothing to do with cable itself but everthing with risk-appetite being back on...
DOW up 80 at 9425 - the market is off to the racesDOW 9700 next week I reckon
- #163,728
- Sep 4, 2009 11:41am Sep 4, 2009 11:41am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
i will be buying dips now...there are signs of intervention.
it seems to me who ever was holding long or short would be stopped out today....dragon is looking like a great buy now...
Thank You
- #163,729
- Sep 4, 2009 11:43am Sep 4, 2009 11:43am
- | Joined Jul 2008 | Status: Clear Cut System Trader | 1,111 Posts
- #163,730
- Sep 4, 2009 11:45am Sep 4, 2009 11:45am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
DOW 9700 next week I reckon
sounds good eh, Chief?
Hear the music before the song is over ...
- #163,732
- Sep 4, 2009 11:49am Sep 4, 2009 11:49am
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
too soon methinks bro.
i show u what ii mean..
the piece of sh*t!
- #163,733
- Sep 4, 2009 11:53am Sep 4, 2009 11:53am
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
AMS,
But yields on 2y gilts are at a record low. This maturity best reflects the path of the Bank Rate.
The fixed income market is actually expecting the UK to be the last major economy to embark on monetary tightening. This is evidenced by the Fed already signalling its intent to wind down their QE programme, at the same time when the BOE is extending theirs. Remember, Mervyn King wants to extend QE by a further £25bn, meaning interest rate increases are clearly not on his agenda.
[b]I am still bearish cable until we see a clean break of...
Thank You
- #163,735
- Sep 4, 2009 12:00pm Sep 4, 2009 12:00pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
AMS,
But yields on 2y gilts are at a record low. This maturity best reflects the path of the Bank Rate.
The fixed income market is actually expecting the UK to be the last major economy to embark on monetary tightening. This is evidenced by the Fed already signalling its intent to wind down their QE programme, at the same time when the BOE is extending theirs. Remember, Mervyn King wants to extend QE by a further £25bn, meaning interest rate increases are clearly not on his agenda.
I am still bearish cable until we see a clean break of 6450,...
Sorry for yur losses paul...no doubt u will get them back.
good luck for next week bro
- #163,736
- Sep 4, 2009 12:00pm Sep 4, 2009 12:00pm
- Joined Jun 2007 | Status: As you say Ingles - rich and free | 2,751 Posts
- #163,737
- Sep 4, 2009 12:03pm Sep 4, 2009 12:03pm
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #163,738
- Sep 4, 2009 12:03pm Sep 4, 2009 12:03pm
- Joined Jun 2008 | Status: Trader | 1,739 Posts
Sorry for yur losses paul...no doubt u will get them back.
good luck for next week bro
Best of luck to you also.
- #163,739
- Sep 4, 2009 12:05pm Sep 4, 2009 12:05pm
- Joined Jan 2009 | Status: Not bothered. | 18,084 Posts
metatrader messed me up....we could have seen this...when u change timeframe on metatrader it moves the trendlines...USDX sank the minute it hit the trendline but on dailly the blasted line moved and never realise
i show u what ii mean..
the piece of sh*t!
anyway this sort of price movements during london close on fridays are normal yea, I don't see anything different now tbh.
you'll need to pull up last month's close (cable) and say "wooooohsaaa" lol. 5 months bullish till last month's strong engulfing close. There's no need to panic over 200 pips pullback. Daily 6380 needs to be cleared to turn bullish (short term) as the major resistance is still 6600 level. We'll talk about higher levels if 6600 gets taken out.
Be cool brother
Thank You
- #163,740
- Sep 4, 2009 12:07pm Sep 4, 2009 12:07pm
- Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts
Just wanted to touch base before the week-end. Now going to relax. Has not been the best of weeks for me. But I am content that I am making inroads. Thank you to all for your assistance and contributions.
Remains an extreme learning curve.
See Monday
Highest regards.