Best Thread Live Cable Trading

[fxmarkets]

hmmm, sounds dodgy stopping free trade to halt umm free trade, do they have limit days or something imposed over there?

 

[Baruch]

yes, I read that on bbc.co.uk. Nikkei trading suspended early first time in Japan trading history, due to collossal (sp) selling.
does this bode bad news for us/world economics in near future ?

I think so. The oil price goes north, the US economy is cooling down, we are near a war with Iran - only the low rates support the stock markets.

 

[wasp]

North looking promising...

 

[zuke]

Wrong thread I know, but YEN holding up well considering trading Tokyo Stock Exchange suspended trading !

I make the Big Ben range 618-659

 

[Kaffee]

hmmm, sounds dodgy stopping free trade to halt umm free trade, do they have limit days or something imposed over there?

TOKYO (AFX) - Livedoor Inc remained firmly in the limelight today as a probe
into possible breaches of securities rules by the Internet firm saw investors
rushing to dump stocks, prompting the Tokyo Stock Exchange to suspend trading
early, the first time it has done so in 57 years.
Livedoor is being investigated by the Tokyo prosecutors office and the SEC
on suspicion that it misled investors by spreading false information about its
business practices and financial state. The firm's headquarters were raided
overnight Monday.
Ahead of the opening bell today Livedoor stock was suspended after a report
in the Yomiuri Shimbun newspaper alleged the firm had improperly inflated its
parent level results in the year to September 2004.
The trading halt was lifted at 12.30 pm after a written statement from the
firm assuring the Tokyo Stock Exchange (TSE) that it would conduct an internal
investigation into the newspaper's claims.
With alarm bells ringing over the company, and so many sell orders lined up
the stock was indicated as a sell-only at 586 yen. Yesterday the stock closed
down 100 yen or 14.4 pct at 596.
The torrent of sell orders sparked by the Livedoor case raised concerns at
the TSE about an overloading of its trading system. After warning that it might
be forced to suspend activity if the number of executed trades exceeded 4 mln
the exchange was true to its word and halted all transactions of listed shares
and convertible bonds at 2:40 pm local time (0540 GMT)
Yesterday Livedoor shares plunged to their daily limit, falling 100 yen or
14.4 pct at 596.
Local market sentiment has been badly dented by the Livedoor probe as it has
raised corporate governance concerns and fears that other start-up firms that
have grown their businesses in the same manner as Livedoor through stock splits
and mergers and acquisitions may also come to the attention of the securities
regulators.

 

[trendie]

the Big Ben aside, I think that the market is downward pointing channel.
( "feels" more comfortable shorting at top of downward pointing channel )
There is a 1-2-3 reversal forming on the 5 min charts.

Go short if hit 1.7650. ( 2lots. 1st lot out after 35 )

 

[Kaffee]

I make the Big Ben range 618-659

615/659 For me.

 

[Kaffee]

North looking promising...

And have you forgot to tell us you're long this time as well ??

 

[wasp]

And have you forgot to tell us you're long this time as well ??

Jus an observation...

 

[Baruch]

I make the Big Ben range 618-659

Why 659? :?: :?:

 

[fxmarkets]

cheers kaffee, guess they do like to make their minds up pretty swift the asian players when they want to sell,........ all that from the a newspaper story, hmm do they flog the SUN newspaper over there.... !

 

[Baruch]

cheers kaffee, guess they do like to make their minds up pretty swift the asian players when they want to sell,........ all that from the a newspaper story, hmm do they flog the SUN newspaper over there.... !

What newspaper story?

 

[trendie]

What newspaper story?

http://news.bbc.co.uk/1/hi/business/4623076.stm ??

 

[Kaffee]

cheers kaffee, guess they do like to make their minds up pretty swift the asian players when they want to sell,........ all that from the a newspaper story, hmm do they flog the SUN newspaper over there.... !

Can't decide if it's an opportunity to Long FTSE for a few quid or not. Doesn't seem that bad to me.

 

[Baruch]

http://news.bbc.co.uk/1/hi/business/4623076.stm ??

Thank you. I don't believe that's the only reason for the sell-off. We are soon going to war with Iran, and that's more important.

 

[Baruch]

UK data as expected (I suppose).Now it's time for US CPI this afternoon - and the TIC Report.

 

[fxmarkets]

hmm might be in for a range bound session here on euro, heavy tic 2135 seems to imply a cap might be in place for now, I see 2076 as not good if it gives way. watching cable quotes seemed like it had lead boots on trading 72/75.

 

[dc2000]

Mrng peeps

Im still looking for upper targets although the overnight came within 2 pips of changing them for now I dont expect the price to go below 640

 

[trendie]

abandoning Elliott for this week. return to elliott next week with fresh mind.

 

[Baruch]

UK data as expected (I suppose).Now it's time for US CPI this afternoon - and the TIC Report.

Some good news from Euroland (industrial production). Should support euro and cable until it's CPI-time.