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Cable Update (GBPUSD)

  • #258,341
  • Oct 5, 2010 12:22am Oct 5, 2010 12:22am
Quoting slimtrady
What the hell happened there?

Speculators orders. They shove in an order on the chance that some weary trader will bite and line their pockets with gold.

Happened on the Opening Sunday night (21:20 gmt)

They grabbed 30 pips that time, on 3/4 currency pairs.
Dan TheMan
  • #258,342
  • Oct 5, 2010 12:24am Oct 5, 2010 12:24am
Quoting gsantri
Damn, it was close.. 10 pips from my SL
You were lucky.

I would imagine that quite a few on GBP/CAD got a smacked bum!!!
Dan TheMan
  • #258,343
  • Oct 5, 2010 12:24am Oct 5, 2010 12:24am
U/J shot up - BOJ said something?
  • #258,344
  • Oct 5, 2010 12:28am Oct 5, 2010 12:28am
Quoting slimtrady
U/J shot up - BOJ said something?
BOJ doing all they can to assist the export market.
Look at the forecast, then at the reality.

Almost every time the forecast is positive (+) and the reality is negative (-), a government has had some influence or another.

How else would analysts get it wrong????? :-)
Dan TheMan
  • #258,345
  • Oct 5, 2010 12:31am Oct 5, 2010 12:31am
BOJ have eased monetary policy - doesn't seem to have had a huge effect apart from the initial spikes
  • #258,346
  • Oct 5, 2010 12:31am Oct 5, 2010 12:31am
I am short cable at 1.58091 looking for 20 pips and GBP/CAD at 1.61902 looking for 15 pips.
Dan TheMan
  • #258,347
  • Oct 5, 2010 12:32am Oct 5, 2010 12:32am
For the past week its like Gandulf standing at 15865 and 15765 saying "Thou shall not pass!"

Going back to 15865?
  • #258,348
  • Oct 5, 2010 12:36am Oct 5, 2010 12:36am
Quoting trending
For the past week its like Gandulf standing at 15865 and 15765 saying "Thou shall not pass!"

Going back to 15865?
probably at some point this week. But i doubt it will breach 1.59 in a hurry.
If it does, it will be on speculator trading and not on economic substance - unless the fed announces more QE....

Hmmm, the FED announcing more QE.... I would love to be a fly on the wall in Goldman Sachs when that news is "leaked".
Dan TheMan
  • #258,349
  • Oct 5, 2010 12:42am Oct 5, 2010 12:42am
Quoting trending
For the past week its like Gandulf standing at 15865 and 15765 saying "Thou shall not pass!"

Going back to 15865?
Lol ... I am enjoying the channel .

maybe like this till qe2 the sequel is sorted out ... who moves 1st boe or feds ?
Blogging daily now at www.volume.zone
  • #258,350
  • Oct 5, 2010 12:45am Oct 5, 2010 12:45am
Quoting malcolmb14
Lol ... I am enjoying the channel .

maybe like this till qe2 the sequel is sorted out ... who moves 1st boe or feds ?
My money is on Feds
check out my blog: forexmademillionaire dot com
  • #258,351
  • Oct 5, 2010 12:48am Oct 5, 2010 12:48am
Quoting Geppy
My money is on Feds
Mine to.

BOE has no reason to. The US will benefit from a weaker dollar, reducing trade deficit and encouraging domestic vacations.
Plus, they could do with spending money on the under funded infrastructure.
Dan TheMan
  • #258,352
  • Oct 5, 2010 12:51am Oct 5, 2010 12:51am
Just made an average days wage on GBP/CAD.

Come on cable, do your thang....

15 pips in the bag, now for some breakfast :-)
Dan TheMan
  • #258,353
  • Oct 5, 2010 12:56am Oct 5, 2010 12:56am
Quoting Geppy
My money is on Feds
mine is on neither ... what better way to manipulate the market than with news . They do not have to do anything , the market has already reacted.
Blogging daily now at www.volume.zone
  • #258,354
  • Oct 5, 2010 1:00am Oct 5, 2010 1:00am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting samirb
Good day everyone

Gone short
stoploss 15930

Good luck
Good day everyone

stops at BE
  • #258,355
  • Oct 5, 2010 1:04am Oct 5, 2010 1:04am
Shorting GBP/CAD for 20 pips at 1.62022

Should be a fairly safe run into the opening.
Dan TheMan
  • #258,356
  • Oct 5, 2010 1:11am Oct 5, 2010 1:11am
Quoting Geppy
My money is on Feds
Agree, despite popular disagreement about his policies, Bernie seems to still have some influence over decision making in the Feds.

Whereas the BOE seems to come up with widely different opinions over the past weeks. They could be going after each others throat as we type. The diamond pattern is a result of the indecision that is going on.
  • #258,357
  • Oct 5, 2010 1:15am Oct 5, 2010 1:15am
Quoting trending
Agree, despite popular disagreement about his policies, Bernie seems to still have some influence over decision making in the Feds.

Whereas the BOE seems to come up with widely different opinions over the past weeks. They could be going after each others throat as we type. The diamond pattern is a result of the indecision that is going on.
I second that.....
Dan TheMan
  • #258,358
  • Oct 5, 2010 1:19am Oct 5, 2010 1:19am
BOJ cut interest rates. That's what happened.
  • #258,359
  • Oct 5, 2010 1:22am Oct 5, 2010 1:22am
Quoting TheArcher
hi !

anyone can give an update of today ... ?

is the uptrend intact ?

cup and handle pattern in the making or will it fail ?

thanks .

Demo Buy : currently + 20 pips from last entered on 1st Oct

.

decided to close trade with 0 pips .

divegence on the macd and 'impatience' on my part ...

0 pips


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  • #258,360
  • Oct 5, 2010 1:25am Oct 5, 2010 1:25am
Good morning folks

Seems like I missed all the fireworks All currencies at the moment seem to be acting like a 'typical British summer'....................
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