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Cable Update (GBPUSD)

  • #203,601
  • Mar 4, 2010 5:25pm Mar 4, 2010 5:25pm
any body knows what happned to greece
  • #203,602
  • Mar 4, 2010 5:32pm Mar 4, 2010 5:32pm
Quoting kill56
any body knows what happned to greece
they're selling bonds
  • #203,603
  • Mar 4, 2010 5:34pm Mar 4, 2010 5:34pm
Quoting Clouds
they're selling bonds
did they sold enough to cover or not much coz the eur down the drain
  • #203,604
  • Mar 4, 2010 5:36pm Mar 4, 2010 5:36pm
Quoting kill56
did they sold enough to cover or not much coz the eur down the drain
The 10-year bonds will pay interest of 6.37 percent — below the 7 percent that investors were demanding last week as compensation for assuming the risk of buying Greek debt, but still more than twice the rate on comparable German bonds, the European benchmark.

http://dealbook.blogs.nytimes.com/20...from-disaster/
  • #203,605
  • Mar 4, 2010 5:45pm Mar 4, 2010 5:45pm
Quoting Clouds
The 10-year bonds will pay interest of 6.37 percent — below the 7 percent that investors were demanding last week as compensation for assuming the risk of buying Greek debt, but still more than twice the rate on comparable German bonds, the European benchmark.

http://dealbook.blogs.nytimes.com/20...from-disaster/

thanks bro
  • #203,606
  • Mar 4, 2010 5:53pm Mar 4, 2010 5:53pm
Quoting kill56
thanks bro
A baby USA. Selling debt is such a novel idea. So hey, I owe 500k, I'll sell it to you!?
  • #203,607
  • Mar 4, 2010 6:49pm Mar 4, 2010 6:49pm
Quoting malcolmb14
tomorrow we have NFP

here is my take
ES ended today on highs but on NO volume .. this is called a no demand bar , in fact the last three days the volumes have been lower and lower and today printed the lowest volume of all on an UP day since 1068

NFP on the news they are talking baout it being effected by snow storms. Hold on so a snow storm hits and all of a sudden everyone is laid off ?

A statistic researched, recorded and reported by the U.S. Bureau of Labor Statistics intended to represent the total number of paid U.S. workers of any...
  • #203,608
  • Mar 4, 2010 7:51pm Mar 4, 2010 7:51pm
Still no bananas...

Here we are, holding channel, still not closing the 24SMA...4hr chart.

A couple of pretty convincing tries to be sure, but holding.

The daily chart...Well now that is another story onto it's own.

Higher highs, higher lows. Hrmmmmmmmmm.

K, Well, I am all in for this long term short side, but I am not convinced we crashing just yet.
Attached Image (click to enlarge)
Click to Enlarge Name: holding.jpg Size: 103 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,609
  • Mar 4, 2010 8:06pm Mar 4, 2010 8:06pm
I had shorted this pair - it may have fallen tonight but closed for 6 pips as I know it will wait lingering around till NFP...

Quoting Magix
Still no bananas...

Here we are, holding channel, still not closing the 24SMA...4hr chart.

A couple of pretty convincing tries to be sure, but holding.

The daily chart...Well now that is another story onto it's own.

Higher highs, higher lows. Hrmmmmmmmmm.

K, Well, I am all in for this long term short side, but I am not convinced we crashing just yet.
Its all in the mind.
  • #203,610
  • Mar 4, 2010 8:30pm Mar 4, 2010 8:30pm
Quoting 5abi
I had shorted this pair - it may have fallen tonight but closed for 6 pips as I know it will wait lingering around till NFP...
Always better safe than sorry.

Good exit my friend.

I will take 6 free ones anyday!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,611
  • Mar 4, 2010 8:36pm Mar 4, 2010 8:36pm
Sneaky effin cable...

A retrace on the day?

OR

We go back long because we held support on the 4hr?
Attached Image (click to enlarge)
Click to Enlarge Name: greenlight.jpg Size: 211 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,612
  • Mar 4, 2010 8:38pm Mar 4, 2010 8:38pm
Quoting alex1976
i think i have between a 55 to 65% chance of getting this short trade!

Anything better than 50/50 with good MM is a solid way to go.
Something I been wondering about this here statement...

How is it you worked out percentages on this trade?

55-65%

Not something I am familiar with, just wondering is all...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,613
  • Mar 4, 2010 8:55pm Mar 4, 2010 8:55pm
Bought at 1.5020 trying for 1.5070 for now
  • #203,614
  • Mar 4, 2010 9:01pm Mar 4, 2010 9:01pm
Quoting ferndog
Bought at 1.5020 trying for 1.5070 for now

what is point of this after it has moved 40 pip ?

I bought at 0.0001 when gu 1st started then ...lol
Blogging daily now at www.volume.zone
  • #203,615
  • Mar 4, 2010 9:05pm Mar 4, 2010 9:05pm
Quoting malcolmb14

I bought at 0.0001 when gu 1st started then ...lol
You shoulda shorted, we going down WAY PAST THAT.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,616
  • Mar 4, 2010 9:06pm Mar 4, 2010 9:06pm
Quoting malcolmb14
what is point of this after it has moved 40 pip ?

I bought at 0.0001 when gu 1st started then ...lol
The point is i am making some $
  • #203,617
  • Mar 4, 2010 9:06pm Mar 4, 2010 9:06pm
somehow i think greece issue all ends well and both eu and gu shoot up

why .. well eu daily was looking great for breakout .. the today happens but the volume on the down candle was highest since feb 1 . Almost looks like hidden buyers . Tonight / tomorrow will show the out come of this

1/5020 is major support right .... right Magix ..your sweet spot for buys

the break down of the flag looks like it may be a fake out but as mentioned tomorrow is news heavy day and Greek PM is in meetings with eu all weekend

Attached Image (click to enlarge)
Click to Enlarge Name: chart1877.png Size: 194 KB
Blogging daily now at www.volume.zone
  • #203,618
  • Mar 4, 2010 9:16pm Mar 4, 2010 9:16pm
Quoting malcolmb14

why .. well eu daily was looking great for breakout .. the today happens but the volume on the down candle was highest since feb 1 . Almost looks like hidden buyers . Tonight / tomorrow will show the out come of this


Attachment
Looking at the volume bars after the spike down...

Looks like fair to reasonable volume with no movement.

I do remember this from the days in the Stock Market, Oh yes I do.

This is the shit I looked for.

I really don't pay much mind to volume, psept when we chat mal, but if this works out the same in Forex as does in stocks, we are looking at something we used to refer to as capitulation <-think catipult).

I know the thread is torn, Longs/Shorts...

Me an Mal chatted a while last night about some of these exact things...We new the retrace, we had within a margin the actual retrace zone, we were almost dead on nut with the collapse on the HOD, about the only thing off was our timing.

Mal, I think you are onto something here buddy, and seriously thanks for bringing it to all of our attention.

Exercise caution...NEVER and I mean NEVER run with scissors!
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #203,619
  • Mar 4, 2010 9:22pm Mar 4, 2010 9:22pm
Greece is still the word and even a rumor of a move regarding a possible resolution to the Greek tragedy send the Euro and the Pound flying up and down. So let's enjoy this morning's "good" news ( i.e. 25-50,000 bonus TEMP consensus jobs in Februrary (reflected in tomorrow's numbers) but we DO NOT want to be too short into the close as we may get an upside surprise on tomorrow's Non-Farm Payroll number thanks to the census hiring.
  • #203,620
  • Mar 4, 2010 9:40pm Mar 4, 2010 9:40pm
Quoting malcolmb14
tomorrow we have NFP

here is my take
ES ended today on highs but on NO volume .. this is called a no demand bar , in fact the last three days the volumes have been lower and lower and today printed the lowest volume of all on an UP day since 1068

Dude your charts have some serious history! I wish I had bought stocks then, would have made a ton by now! Lol just kidding, it's nice to have your thoughts liven up this thread again (well it has been pretty lively lately but not relating to fx analysis!).
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