DislikedStill ranging & going into a tight bottleneck. Not surprising heading into the nfp.
But sure has all the making of a big move north. I'm not looking to sell today, unless price close below 5340.
Good luck.Ignored
Good luck.
Thank You
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
DislikedStill ranging & going into a tight bottleneck. Not surprising heading into the nfp.
But sure has all the making of a big move north. I'm not looking to sell today, unless price close below 5340.
Good luck.Ignored
DislikedThe big portfolio (bond and equity) flows move through the UJ (not the GU and EUR).
So far it's not been whipping like the GU and EUR, where the flows are not as large. UJ 84.50 is the line in the sand.Ignored
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2 x high probability plays garnishes good pip gain on the ower t/f's ...Price sells off an overbought read at the 5460/75 offers and then tests the previous congestion range on 5min where a 1min hidden divergence set-up develops to get long again.
G/L
DislikedCorrect, that's why looking at UC and uCAD is so helpful to keep you from getting caught in the whipsaws. Today most of my trading was away from Cable for that exact reason, just focusing on the "clean" dollar pairs.Ignored
DislikedOf those 7 x possible scenarios re NFP posted earlier...source: forexcrunch.com, No 2 or 3 seems to have played out, at least on the knee-jerk
Here are 5 scenarios for the Non-Farm Payrolls and their effect on the dollar:[list=1][*]NFP at -100K, private sector +40K – exactly as expected. Choppy trading but no significant move.[*]NFP at -70K or better, private sector at +70K or better – better than expected. Dollar gains sharply.[*]NFP at -70K or better, private sector at +40K – better than expected –...Ignored
DislikedCrap, I was watching UJ, and was thinking why is everything going up. By the time I figured out yen went down even more its too late.Ignored
DislikedHolding cash does not pay the bills, so when the economy is growing and the news is good, you need to put that cash to work so you sell the cash and buy the riskier investments. You also need to keep in mind that most of the big MF's are not allowed to short stocks, they can only unwind their positions into cash, so they don't make an income, they start buying stocks again when the news is good and they sell of their cash piles, that's where the currency traders make the money.Ignored
DislikedHi Cloggie,
I see at least you understood some little things about finance business.....no joke just a compliment....I'm just back from very nice and long (6 weeks) vacation.....and really dream to be in peace with everyone....even with youIgnored
Dislikedthat is actually a funny post there BB, Forexcrunch got their analysis backwards, but you at least ignored it and followed the money.Ignored
DislikedLol yeh you are right, the opposite played out -lol!!, follow own analysis and the price action...price is never wrong !!
G/LIgnored
DislikedNo, the dollar and yen are weakening, no point in holding "safe" cash. Trading news is risk-on risk-of, today it is risk-onIgnored
DislikedGood day Cloggie
can you give some more explanations on this, what criteria makes it 'on or 'of.
thank you.
Regards,
gsantriIgnored
Dislikedthat just highlights a point fella! worked out nice though didnt it hope you got some toIgnored
DislikedHe buddy, good to see you again, just because we disagreed once, does not make us arch enemies....Ignored
Dislikedhere is a chart 4xStar, light and dark colored areas with the days open or rollover price being the dividing line , bullish bias if you open and trade above the open , bearish bias if you open trade below the open , until it gets taken out one way or the other, a support or resistence line till taken out . Think of the open area or rollover price as a river box areaIgnored
DislikedJust go back over my posts, I have been pretty clear about how the broader market works and how money flows within it affecting currency pairs.
The criteria for risk aversion are different for every fund, I just look at the general picture of the current risk, today was a risk-on day. Equities was the driver.
You need to evaluate the appetite for risk in the market by judging how the riskier instruments fare versus the risk aversion instruments, Gold and Equities are a good first indication, then look at CHF, USD, YEN and see the correlation to...Ignored
DislikedThe big turt in the punchbowl is the outflow of equity funds that just keeps continuing, it shows that the consumer has no confidence in the rally and that the big boys are using any bit of news to sustain it.Ignored