FX 2007 > Week 19 -23 Mar

[rav700]

It has been a long time since I have seen something like this......

 

[Atilla]

It has been a long time since I have seen something like this......

Yoyo!

 

[29Investments]

Looks like the whisper was wrong then...................

 

[Atilla]

Looks like the whisper was wrong then...................

What about the move back up before the stats?

Don't trust what I don't understand...

Long at 1.9511. Bring on interest rate rises...

 

[29Investments]

Moved stop up to 492

Lets see if stops at 520 can get tripped

 

[29Investments]

What about the move back up before the stats?

Don't trust what I don't understand...

Long at 1.9511. Bring on interest rate rises...

Yeah that was VERY dodgy indeed !

 

[rav700]

What about the move back up before the stats?

Don't trust what I don't understand...

Long at 1.9511. Bring on interest rate rises...

I am long at the same level as well and ..........................dont know

 

[Atilla]

Yeah that was VERY dodgy indeed !

On my 1min charts the bounce kicked in at 9:25 with the big rise at 9.30...

Having had another look I now have a target of 540-550 level.

Typical pull back to BB and now sitting tight for that lurch forward...

SL 475

 

[Uphios]

Excellent! short 9515. Can't see it being good for interest rate rise, DOW headlines are 'UK consumer borrowing may be easing' and 'Strong UK public finances in Feb'. Stop at 9525 (bit tight)

 

[Atilla]

Yeah that was VERY dodgy indeed !

On a serious note is this as a consequence of twitchy traders or something sneaky.

I think one of our polls should be based on such questions. Be interesting to get trader pulse to such big sharp swings. :idea:

 

[Atilla]

Excellent! short 9515. Can't see it being good for interest rate rise, DOW headlines are 'UK consumer borrowing may be easing' and 'Strong UK public finances in Feb'. Stop at 9525 (bit tight)

I'll go by my MAs. It's like driving a car. Make sure I'm on the correct side of my lines... :cheesy:

 

[29Investments]

On a serious note is this as a consequence of twitchy traders or something sneaky.

I think one of our polls should be based on such questions. Be interesting to get trader pulse to such big sharp swings. :idea:

From experience (I used to work on the FX Trading floor of a large US Investment Bank) the market makers are easily able to move and manipulate the mkt in cable. Its very possible they decided to push it down and force a load of people to sell to them before the news so that they could then run it back up again.

 

[dc2000]

that gentlemen was an excersize in covering both bases we will see higher prices and we will see lower prices than the 9:25 lo this week

 

[29Investments]

Here go the stops

 

[Atilla]

From experience (I used to work on the FX Trading floor of a large US Investment Bank) the market makers are easily able to move and manipulate the mkt in cable. Its very possible they decided to push it down and force a load of people to sell to them before the news so that they could then run it back up again.

FWIW - If I take my action as the norm - rightly or wrongly... I am:

1. Either out of the market waiting for the news or

2. I'm in the market if I strongly feel about the stats one way or other...


I do not dump a position couple of minutes before release of data.

Nice move up now approaching target. Will close 50% of pos and raise SL

 

[Uphios]

Here go the stops

Yup Atilla's MA made sure I dropped 10 points, but it still represents my preffered entry reasoning.

 

[29Investments]

FWIW - If I take my action as the norm - rightly or wrongly... I am:

1. Either out of the market waiting for the news or

2. I'm in the market if I strongly feel about the stats one way or other...


I do not dump a position couple of minutes before release of data.

Nice move up now approaching target. Will close 50% of pos and raise SL

Maybe but there will have been some people who had stops under the trendline which was temporarily breached at 9440

 

[Atilla]

I'm fully out at 549

Perhaps a pull back to 530-525 regions.

 

[dc2000]

waiting for 650 and 671

 

[29Investments]

FXCM reckon more stops at 560