Sell Eur/Usd

[FXInvestor]

It was just a question do we think $2 to the pound may hit this week. Will 9.30 cause a change in direction?

Yes, I'm very hopeful about cable shooting beyond 2.0000 within next 3-4 working days OR at least its not far away, cable right now at 1.9760, thats only 240 pips away. Cable sinking to new lows upto 1.9694 is a very solid sign. I can see people were mad buying cable, one was me, lolz. Even though news is beyond my understanding, but I look fwd. to below event to help cable shoot up.

Jan 24 10:30 Crude Inventories

[FXInvestor]

It was just a question do we think $2 to the pound may hit this week. Will 9.30 cause a change in direction?

Yes, I'm very hopeful about cable shooting beyond 2.0000 within next 2-5 working days OR at least its not far away, cable right now at 1.9760, thats only 240 pips away. Cable sinking to new lows upto 1.9694 is a very solid sign. I can see people were mad buying cable, one was me, lolz. Even though news is beyond my understanding, yet I look fwd. to below event to help cable shoot up.

Jan 24 10:30 Crude Inventories

[el_duende]

Yep 10:30 Crude Inventories in USD (3.30PM gmt)

I agree this report could have an affect on USD. If we have low inventories then USA will need to buy more crude to help with the very cold weather being experienced currently. Demand for oil will go up and so will the price. GBP/USD should rise (I hopes)

From 9.30 seen a good rise up from 1.9700 up around 50 -70 points, im guessing that cable will drop a bit then around 2-3pm start going North again hopefully on the back of the above news.

[G550]

Originally Posted by el_duende

Yep 10:30 Crude Inventories in USD (3.30PM gmt)

I agree this report could have an affect on USD. If we have low inventories then USA will need to buy more crude to help with the very cold weather being experienced currently. Demand for oil will go up and so will the price. GBP/USD should rise (I hopes)

From 9.30 seen a good rise up from 1.9700 up around 50 -70 points, im guessing that cable will drop a bit then around 2-3pm start going North again hopefully on the back of the above news.

FYI, this was posted yesterday.

http://www.dailyfx.com/story/dailyfx...590942006.html

[FXInvestor]

Yep 10:30 Crude Inventories in USD (3.30PM gmt)

I agree this report could have an affect on USD. If we have low inventories then USA will need to buy more crude to help with the very cold weather being experienced currently. Demand for oil will go up and so will the price. GBP/USD should rise (I hopes)

From 9.30 seen a good rise up from 1.9700 up around 50 -70 points, im guessing that cable will drop a bit then around 2-3pm start going North again hopefully on the back of the above news.

US Dollar (USD) Weakens after US Announced Plans to Increase Strategic Oil Reserve

All I mean to say is that around this news event, I expect cable to shoot up, this shooting up will now be in the form of retrace only, not exactly regain of cable highs. I have been populating long cables in my portfolios without SL, hope to close them in profits in max few days.

hey Pele and Iris,

Did you guys keep those short positions open or what ? your calls were like bounty.

[Iris]

Hello Everyone.........

Cable is in a Sell Zone.......

Cable Sell Zone @ 1.9755<>1.9730

with extension Cable Sell Zones @ 1.9770<>1.9760

Targeting @ 1.9700<>1.9670<>1.9635

Cable is Positioning in our Sell Zones nicely and we may have a decline out of it with a South break @ 1.9730 before the Close and will hold over into the Open on Sunday to build further what I see as a South decline in Cable to start the upcoming week as we Apex Cable's North momentum today from the prior 30days and build optimal South Positioning @ the boundaries @ 1.9770<>1.9760 into 1.9755<>1.9730 onto Targets.

Cable is Positioning from the Open within the Sell Zones as the North Apex forms a South Reversal onto Targets.

Forexfiesta...The Gbp/Jpy is now formimg a South Reversal within the below Sell Zones.......

Gbp/Jpy Sell Zone @ 240.60<>240.45...

Extension Gbp/Jpy Sell Zone @ 240.80<>240.65

Targeting @ 240.00<>239.70<>239.30<>239.00

Cable and the Gbp/Jpy had one more day till the South Reversals Positioned Stopping us initially to then re-enter @ the extension Sell Entry levels with a 2nd Cable Sell Zone @ 1.9730<>1.9715 forming in NY Session today.....

Cable Sell Zone @ 1.9755<>1.9730

with extension Cable Sell Zones @ 1.9770<>1.9760

Targeting @ 1.9700<>1.9670<>1.9635

Cable 2nd Sell Zone @ 1.9730<>1.9715 onto below Targets. if achieved in NY Session today 1/24/07.

Gbp/Jpy Sell Zone @ 240.60<>240.45...

Extension Gbp/Jpy Sell Zone @ 240.80<>240.65

Targeting @ 240.00<>239.70<>239.30<>239.00

Will look for Cable Target Exits @ 1.9635<>1.9610<>1.9590

Will extend Gbp/Jpy Target Exits @ 238.50<>238.30<>238.00 with a 200+ decline already within 24hrs.

IRIS FX

[Iris]

Hello Everyone.........

The Gbp/Jpy has plummeted 300pips from the Sell Zone @ 240.80<>240.60...

Cable and the Gbp/Jpy had one more day till the South Reversals Positioned Stopping us initially to then re-enter @ the extension Sell Entry levels with a 2nd Cable Sell Zone @ 1.9730<>1.9715 forming in NY Session today.....

Cable Sell Zone @ 1.9755<>1.9730

with extension Cable Sell Zones @ 1.9770<>1.9760

Targeting @ 1.9700<>1.9670<>1.9635

Cable 2nd Sell Zone @ 1.9730<>1.9715 onto below Targets. if achieved in NY Session today 1/24/07.

Gbp/Jpy Sell Zone @ 240.60<>240.45...

Extension Gbp/Jpy Sell Zone @ 240.80<>240.65

Targeting @ 240.00<>239.70<>239.30<>239.00

Will look for Cable Target Exits @ 1.9635<>1.9610<>1.9590

Will extend Gbp/Jpy Target Exits @ 238.50<>238.30<>238.00 with a 200+ decline already within 24hrs.

Exits for Gbp/Jpy can be taken if still holding @ 237.70<>237.30<>237.10

The South Reversal is strong.

IRIS FX

[FXInvestor]

I'll keep short USD/JPY and Swiss ranging from 120.50 until 121.25, these positions are in tiny profits to huge losses at the moment.

Been closing these age old positions in decent profits and tiny losses, look forward to cable moving into north, right now placing SLs around 1.9620 in sensitive accounts.