Posts by "montmorency"

@PippedOff: "Please raise your hand if you were duped by the Cable Cartel to buy cable at 1.6381 today."

- If you really believe that, you should be thanking them for yet another shorting opportunity.

- Analysts can call for what they like; the market decides.

- In what way is Gold getting spanked?

- What is the ultimate goal of the "Cable Cartel" (as well as World Domination of course...)?
Speculators can make money in both directions; why would they want to stop movement?

"The Cable Cartel's defense of 1.6300 for cable and subsequent 20 pip pimping of cable is clearly depicted in 5 min cable chart."
-Alternative explanation: "Support at 1.63 held today. It might not tomorrow, and then again, it might, and 1.64 might be achieved. Depends on the market."

OR "Cable continued its long uptrend which began in late December (or early January depending which way you look at it), after the relatively brief retracement on Friday...".

(I hope the latter isn't actually the case, but it's as plausible as a "Cable Cartel").

@Xaron I _hope_ you are wrong. I _fear_ you may be right :-)

My long EUR/GBP is not looking so clever at the moment...I think it could continue on down to 0.8720-0.8750 territory, maybe 0.8700. Surely not lower, in the short to medium term? hm....

@Said: Cable: Well, goodish bearish pin(-ish) bar on 10:00 1H chart, followed by bearish bar.
May only be meaningful in the short-term (pullback), but still...
Agreed though that the 1.3630/40 resistance was looking threatened, and may still be.

Don't know about "dead in its tracks", but it may be walking wounded.

FX spec. charts: cool. Thanks Ashraf.

Nice going Maciek!