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Cable Update (GBPUSD)

  • #209,961
  • Mar 25, 2010 4:58am Mar 25, 2010 4:58am
Quoting manize
Short 1.4968 !
Dont say that, now you've gone and ruined it! haha!

I hope you are wrong, but it does seem to be running out of steam and based on my last three trades you are probably right!
  • #209,962
  • Mar 25, 2010 5:00am Mar 25, 2010 5:00am
Quoting cloggie
Our little flotilla is not going anywhere yet.

Really need to see that pesky 4968 level get pushed out the way, as it is seemingly being rather stubborn!
  • #209,963
  • Mar 25, 2010 5:05am Mar 25, 2010 5:05am
lol wow lol wow the news was too darn good got hit with pending order and stoped at the top not much but no good out no trade for me now waiting
  • #209,964
  • Mar 25, 2010 5:07am Mar 25, 2010 5:07am
I just read the sales report and the reason the February figure is so high, is because they lowered the figure for January by 1.2% so the real increase month on month is only 0.9 which is right on target.

Buried in the bottom of the report it states that the last 3 months the sales are -1.4% compared to the 3 months previous.

Don't you love it how they manipulate this.

I am carefully watching my long, to see how the market reacts to the fine print in the report.
  • #209,965
  • Mar 25, 2010 5:08am Mar 25, 2010 5:08am
Quoting cloggie
I just read the sales report and the reason the February figure is so high, is because they lowered the figure for January by 1.2% so the real increase month on month is only 0.9 which is right on target.

Don't you love it how they manipulate this.
Nothing surprises me anymore!
  • #209,966
  • Mar 25, 2010 5:09am Mar 25, 2010 5:09am
Quoting manize
Short 1.4968 !
Manize bro, I see her just stumbling at 1.5000 psyc level. Eventually the level will be taken back.

Good luck bro.
Veni, Vidi, Vici (We came, we saw, we conquered)
  • #209,967
  • Mar 25, 2010 5:12am Mar 25, 2010 5:12am
OI! bugger up with my appointment, and I'm back...

anything new? cloggs, what you up to?

see my order hasnt been triggered. Strange with such good news
@pawpaw1000 on Twitter
  • #209,968
  • Mar 25, 2010 5:14am Mar 25, 2010 5:14am
Trichet just announced that the ECB is now accepting B- bonds as collateral, reducing it from AA- last year.
  • #209,969
  • Mar 25, 2010 5:16am Mar 25, 2010 5:16am
Quoting bbakker
I'm not too keen on the long. I have decided to sit this one out and wait for a good shorting opportunity.
I'm with you on that one!

looks like our fearless leader has thrown himself into this turmultous ocean and I must say, I cant follow

will look for short at 1.5000 level.

If dp goes I might get in for short, dunno...

ON MY 1H chart this was a support point yesterday...
@pawpaw1000 on Twitter
  • #209,970
  • Mar 25, 2010 5:29am Mar 25, 2010 5:29am
4965/60 for me is time to go short with stop as much as 50 point away. It promises good reward.
Mystery Is The Final Product Of Ignorance. Hey! What's ma chart doin'
  • #209,971
  • Mar 25, 2010 5:30am Mar 25, 2010 5:30am
Quoting Bull_Bear
Manize bro, I see her just stumbling at 1.5000 psyc level. Eventually the level will be taken back.

Good luck bro.

agreed.. dont counter the wave.. maybe it will tanking a bit.. but watch the psych level.. 1.5 is very tough to break. but once it break we will certainly fly.. good luck..
  • #209,972
  • Mar 25, 2010 5:34am Mar 25, 2010 5:34am
Quoting mloistianto
agreed.. dont counter the wave.. maybe it will tanking a bit.. but watch the psych level.. 1.5 is very tough to break. but once it break we will certainly fly.. good luck..
since were in an overall downtrend and it took us alot to break 1.5000 on the way down, i think this is just a last kiss goodbye...

pa normally reverses to test previous resistance no?

we will have to see
@pawpaw1000 on Twitter
  • #209,973
  • Mar 25, 2010 5:35am Mar 25, 2010 5:35am
7-yr Tbill auction today also. If that goes as bad as it did yesterday may give a further boost to cable. Next one to watch of course is the unemployment figures from the US
  • #209,974
  • Mar 25, 2010 5:38am Mar 25, 2010 5:38am
Quoting cloggie
7-yr Tbill auction today also. If that goes as bad as it did yesterday may give a further boost to cable. Next one to watch of course is the unemployment figures from the US
correct me if I'm wrong but on h1 this is my 50 retracement on last down?
@pawpaw1000 on Twitter
  • #209,975
  • Mar 25, 2010 5:39am Mar 25, 2010 5:39am
Quoting pawpaw1000
correct me if I'm wrong but on h1 this is my 50 retracement on last down?
Correct, pierced on the first attempt, rejected and is trying again.
  • #209,976
  • Mar 25, 2010 5:41am Mar 25, 2010 5:41am
Quoting cloggie
Correct, pierced on the first attempt, rejected and is trying again.
yeay! I'm at last able to look for things like that...

thanks cloggs...
@pawpaw1000 on Twitter
  • #209,977
  • Mar 25, 2010 5:47am Mar 25, 2010 5:47am
Hmmm...this is not doing very much...other than going against me of course!
  • #209,978
  • Mar 25, 2010 5:48am Mar 25, 2010 5:48am
In North America today the focus will be on jobless claim and treasury auctions. Yesterday the rise in the five year yields spurred a rally in USD/JPY and although the pair has backed off the 92.00 handle on exporter sales in Asia, it could revisit that level in New York trade if the 7 year auctions sees an increase in rates as well. Yesterday’s dip in the bid to cover ratio from 2.77 to 2.50 may have been a one off affair, but if not, its suggests that with the concomitant rise in risk appetite and supply of US government debt, US rates my begin to rise as the year progresses.
@pawpaw1000 on Twitter
  • #209,979
  • Mar 25, 2010 5:51am Mar 25, 2010 5:51am
Quoting pawpaw1000
correct me if I'm wrong but on h1 this is my 50 retracement on last down?
my opinion is we are going to 1.51010 and after again down to 1.4780
  • #209,980
  • Mar 25, 2010 5:51am Mar 25, 2010 5:51am
Quoting pawpaw1000
In North America today the focus will be on jobless claim and treasury auctions. Yesterday the rise in the five year yields spurred a rally in USD/JPY and although the pair has backed off the 92.00 handle on exporter sales in Asia, it could revisit that level in New York trade if the 7 year auctions sees an increase in rates as well. Yesterday’s dip in the bid to cover ratio from 2.77 to 2.50 may have been a one off affair, but if not, its suggests that with the concomitant rise in risk appetite and supply of US government debt, US rates my begin...


I don't see the rates going up, that will only increase the value of the dollar reducing exports and making it hard to finance the SME's. the EU may have to increase the rates here earlier because the spreads are widening so much.
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