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Cable Update (GBPUSD)

  • #207,561
  • Mar 18, 2010 11:16am Mar 18, 2010 11:16am
Quoting solrac
Cable likes 5250,,,,,,,,,we are going sideways here by the look of it
seeing the same... mmm!

wonder if it will linger here for today before HUGE STORM I'm expecting for 2moro...
@pawpaw1000 on Twitter
  • #207,562
  • Mar 18, 2010 11:18am Mar 18, 2010 11:18am
Quoting kill56
was it 100 or 150 pis
Last one was on 18 Feb, it dropped over 200 and set up a trend from 1.56 all the way to 1.49
  • #207,563
  • Mar 18, 2010 11:19am Mar 18, 2010 11:19am
how about this for a call:

BEAR FLAG
@pawpaw1000 on Twitter
  • #207,564
  • Mar 18, 2010 11:19am Mar 18, 2010 11:19am
Quoting pawpaw1000
seeing the same... mmm!

wonder if it will linger here for today before HUGE STORM I'm expecting for 2moro...
What STORM??? Storm for US or GBP??
  • #207,565
  • Mar 18, 2010 11:20am Mar 18, 2010 11:20am
Quoting pawpaw1000
how about this for a call:

BEAR FLAG
What on the M5 and M15? How bout the 3 HL's on the M15? and the bounce of the S1, kinda cancels the Bear flag. I am still counting on a further pull back here.
  • #207,566
  • Mar 18, 2010 11:21am Mar 18, 2010 11:21am
Quoting pawpaw1000
how about this for a call:

BEAR FLAG
You mean Bear flag forming up on m15 ?
  • #207,567
  • Mar 18, 2010 11:22am Mar 18, 2010 11:22am
Quoting cloggie
What on the M5 and M15? How bout the 3 HL's on the M15? and the bounce of the S1, kinda cancels the Bear flag. I am still counting on a further pull back here.
5min...

HL's?
@pawpaw1000 on Twitter
  • #207,568
  • Mar 18, 2010 11:23am Mar 18, 2010 11:23am
here u go


3/18/2010 11:44:42 AM
FED
Some talk circulating that a Discount Rate hike.
FED: Some talk circulating that a Discount Rate hike may be coming
to center stage shortly.
SMRA in its most recent discussion on the general topic had this to
say - "The first 25 bps adjustment to a 50 bps spread was appropriat
in that there was risk that such action might be misunderstood. But
survived the first adjustment and the markets understood the technic
nature of that discount rate hike.
Against this backdrop we see little risk in making a complete return
to a 100 bps spread between the discount rate and the fund rate
target in one clean swoop."
  • #207,569
  • Mar 18, 2010 11:23am Mar 18, 2010 11:23am
Quoting pawpaw1000
5min...

HL's?

Higher Lows, and look at the swissy, bounced and returned from the R3 there is no way Cable is ready to go down yet.
  • #207,570
  • Mar 18, 2010 11:24am Mar 18, 2010 11:24am
Quoting Honored
You mean Bear flag forming up on m15 ?
on 5min but just asking really so I know how to spot it next time...

looks pretty much like I learned. The inverted pole, the small channel, the downward direction before...

But like cloggie said, It bounced off support so guess it is canceled?
@pawpaw1000 on Twitter
  • #207,571
  • Mar 18, 2010 11:25am Mar 18, 2010 11:25am
Quoting solrac
What STORM??? Storm for US or GBP??
the bear storm on cable
@pawpaw1000 on Twitter
  • #207,572
  • Mar 18, 2010 11:27am Mar 18, 2010 11:27am
Quoting pawpaw1000
on 5min but just asking really so I know how to spot it next time...

looks pretty much like I learned. The inverted pole, the small channel, the downward direction before...

But like cloggie said, It bounced off support so guess it is canceled?
A bear flag on its own is a good indication, especially on the M15 and above, however you need to look at the bigger picture. Open up the UCHF and have a look how that is behaving right now. Look how the daily bounced of support of 5224, there is a lot around that makes a further move South not impossible, but it kinda needs to take a longer run at it. If 5256 holds we will probably take another stab at the move south especially if the swissy breaks 0627
  • #207,573
  • Mar 18, 2010 11:28am Mar 18, 2010 11:28am
Quoting pawpaw1000
the bear storm on cable
Is it good to be bull when everyone around is bear?
  • #207,574
  • Mar 18, 2010 11:30am Mar 18, 2010 11:30am
Quoting cloggie
Yeah correct by over 200 pips, they did it right after NY close. Not sure of course if CNBC is right. Can't find anything on Bloomy or anywhere else right now. Anybody?

Hi cloggie,

i found this. By now itīs only roumors, but i also think they (FED) will do.
  • #207,575
  • Mar 18, 2010 11:31am Mar 18, 2010 11:31am
Quoting PipMaxzz
Is it good to be bull when everyone around is bear?


guess it depends on your experience level and reasons for thinking this. But why would you want to be bull now with all the potential downside and 5420 propably being the top if we havent reached the top yet?

I think it was bakker who said, why get on the train just to go to the last stop when its close enough to walk and get on the much further train back down???
@pawpaw1000 on Twitter
  • #207,576
  • Mar 18, 2010 11:31am Mar 18, 2010 11:31am
Hi cloggie,

i found this. By now itīs only roumors, but i also think they (FED) will do.

Written by Jamie Coleman
March 18, 2010 at 15:49 GMT

The only thing the market did not anticipate when the Fed hiked the discount rate last month was that they would do it so quickly. The Fed had clearly stated that it intended to lift the rate in the near-future.
They have done no such market preparation this time, so I am discounting the talk of a hike. They could have mentioned it on Tuesday in the FOMC statement Bernanke could have mentioned it in his Congressional testimony yesterday. None of that happened…
No hike, is my bet. The rumor is the hike will take place at 12:30 New York time. May want to set a stop-entry above the market in case we rip higher on short-covering…
  • #207,577
  • Mar 18, 2010 11:32am Mar 18, 2010 11:32am
Quoting pawpaw1000


guess it depends on your experience level and reasons for thinking this. But why would you want to be bull now with all the potential downside and 5420 propably being the top if we havent reached the top yet?

I think it was bakker who said, why get on the train just to go to the last stop when its close enough to walk and get on the much further train back down???

Everybody trades on different TF's, what you see as bear on the M15 now I see as Bull on the Daily.
  • #207,578
  • Mar 18, 2010 11:32am Mar 18, 2010 11:32am
Short @ 5244, s/l @ 5304, t/p @ 5154

Trade parameters based purely on quantitative model, which, in this instance, is trying to exploit the pick up in intraday momentum.

Good luck
  • #207,579
  • Mar 18, 2010 11:33am Mar 18, 2010 11:33am
Quoting cloggie
A bear flag on its own is a good indication, especially on the M15 and above, however you need to look at the bigger picture. Open up the UCHF and have a look how that is behaving right now. Look how the daily bounced of support of 5224, there is a lot around that makes a further move South not impossible, but it kinda needs to take a longer run at it. If 5256 holds we will probably take another stab at the move south especially if the swissy breaks 0627
am looking at the swissy but what is the correlation between the two? Obviously both against the dollar so you could use a downward move in swissy as a sign of possible dollar weakness?
@pawpaw1000 on Twitter
  • #207,580
  • Mar 18, 2010 11:34am Mar 18, 2010 11:34am
Quoting gammase1
Short @ 5244, s/l @ 5304, t/p @ 5154

Trade parameters based purely on quantitative model, which, in this instance, is trying to exploit the pick up in intraday momentum.

Good luck
these guys are normally right!
@pawpaw1000 on Twitter
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