GBPUSD | Page 62 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

What is the next resistance line on GBPUSD? 4 replies

Why is GBPUSD called cable? 76 replies

GBPUSD today 10 replies

1D - GBPUSD 2 replies

GBPUSD Triangle 4 replies

Attachments: GBPUSD
Exit Attachments

GBPUSD

  • #1,221
  • Nov 2, 2006 1:36am Nov 2, 2006 1:36am
Short from 1.9106 and 1.2774 EURUSD.
Thank you James16 and price action trading.

Forget the moon and the sun and the stars(except for when with a nice girl) and stick to what the chart says for trading


Best regards and good luck with your trading,

SeekingLight
Trust price. Know yourself.
  • #1,222
  • Nov 2, 2006 1:56am Nov 2, 2006 1:56am
Forgive me for monkeying around tonight

.39 .38 .37
Trade what you see - Not what you think
  • #1,223
  • Nov 2, 2006 2:11am Nov 2, 2006 2:11am
why short? i dont see a sell signal
  • #1,224
  • Edited 2:31am Nov 2, 2006 2:19am | Edited 2:31am
Why Short? Because it's going Down! Look at a Daily chart for starters and see the candlestick from yesterday- Hello- that's probably reason enough but there are other obvious signs. Don't get greedy- Go Heavy- Get out Light.
You've got a lot to learn but keep on studying your battle plans and soon you will known around here as General Tatton


Quoting Tatton
why short? i dont see a sell signal
Trade what you see - Not what you think
  • #1,225
  • Nov 2, 2006 3:22am Nov 2, 2006 3:22am
Quoting Tatton
why short? i dont see a sell signal
me neither.....but I guess that all depends what determines your trigger to sell/buy an instrument?!

it clearly hasn't compromized the (higher low) trend structure on the hourlies.....and I guess until c9020-30 is threatened, this is nothing more than a natural blow-off from attacking the yearly highs.....the longs will have booked a little more profit up here y'day & will merely be observing the 1st line supports.....

more confirmation is required as to whether this recent attack is a critical top or not - and that will be seen as price re-adjusts to the lower Big Number supports.......the sub hourly frames will throw up decent each-way (intraday) opportunities to pick up pips as it decides it's intent I guess!!
Attached Image
  • #1,226
  • Nov 2, 2006 3:41am Nov 2, 2006 3:41am
if you're a fan of using Fib-Pivot guides to assist in offering a close-up view of identifying near term activity, then mapping them on an hourly can help plot (other) potential area's of likely reaction?

sometimes they marry or confluence horizontal-vertical price lines which help strengthen the zones in relation to the bigger picture?

whatever floats your boat!
Attached Image
  • #1,227
  • Nov 2, 2006 3:46am Nov 2, 2006 3:46am
Hi a good example of traders wanting to jump the gun, the daily bar isn,t over yet.

I went short on this one myself and locked in 17 pips profit of a possible 30 just in case it decided to have second thoughts, but will be ready for the real drop when it happens.
  • #1,228
  • Nov 2, 2006 3:46am Nov 2, 2006 3:46am
Some brokers prefer going long...

sorry about the link,...but its technical analize on it...

http://www.tradingfloor.com/en/tradi...odeview/322278
its just money
  • #1,229
  • Nov 2, 2006 8:35am Nov 2, 2006 8:35am
So I put in my trade to get in at 1.9050 with SL at 1.9105. Woke up this morning to find out that I had gotten into the trade and been stopped out

Oh well, I still think if the pair dosent close above the 1.9085 level It will go down. Lets see how today plays out.
  • #1,230
  • Nov 2, 2006 8:54am Nov 2, 2006 8:54am
should today´s bar close as a hanging man, as it is right now, i see no profit in going long. the demandline on the daily chart is broken, negative momentum, overbought rsi and i think final cross on the stoch.

doji and hanging man on the top is a major trend reversal, just look at 31. August this year, then you know what i mean.

good "luck"
  • #1,231
  • Nov 2, 2006 9:35am Nov 2, 2006 9:35am
Quoting Wallboroff
should today´s bar close as a hanging man, as it is right now, i see no profit in going long. the demandline on the daily chart is broken, negative momentum, overbought rsi and i think final cross on the stoch.

doji and hanging man on the top is a major trend reversal, just look at 31. August this year, then you know what i mean.

good "luck"
I think it depends. I, personally, prefer to shorting it, but tomorrow is NFP. And as far as I know, sometimes technical analysis doesn't work on this day.

Well, nobody knows what's going to happen.
"Even the word impossible says that I M possible"
  • #1,232
  • Nov 2, 2006 9:39am Nov 2, 2006 9:39am
im also looking to go short based on retracement back down then for a retest of the highs... I think price will hold until NFP tommorrow then it will culminate in a large move... unless the data comes out as expected. lots of things can shift this market...
  • #1,233
  • Nov 2, 2006 9:47am Nov 2, 2006 9:47am
interesting thing is we did have a 4hr trendline break here, per the Mouteki system a TL break down that is off the 4hr...
Attached Image
  • #1,234
  • Nov 2, 2006 10:01am Nov 2, 2006 10:01am
price seems to be retesting this TL at the moment...
  • #1,235
  • Nov 2, 2006 12:12pm Nov 2, 2006 12:12pm
Quoting SkYliNe0511
I think it depends. I, personally, prefer to shorting it, but tomorrow is NFP. And as far as I know, sometimes technical analysis doesn't work on this day.

Well, nobody knows what's going to happen.
hi, yeha i think you´re absolutely right. sometimes you can have major trendreversals but the price still gains for new highs before it collaps and instantly comming down. maybe it is wise for sure confirmation to wait until monday morning to get a sure glimpse of priceaction.

one possibility could be 100 pips long but i would never take that trade.
  • #1,236
  • Nov 2, 2006 8:56pm Nov 2, 2006 8:56pm
I tend to agree with most of you on the NFP report that is coming out today. Price reached a high of 1.9134 on 1st November, and this is just 10 pips away for a high on 8th Aug, which is 1.9144. This is one of the major resistance level and based on the NFP report, price will either break this level and move upwards further, or bounce off this resistance line and go for a major down fall again. Personally, I will stay away until the report comes out.

Selveen
  • #1,237
  • Nov 3, 2006 7:41am Nov 3, 2006 7:41am
NFP = dollar positive
last month's revised higher to 148K
this month 92K
I smell dollar positive
Short GBP/USD 1.9028
Hello World
  • #1,238
  • Nov 3, 2006 7:47am Nov 3, 2006 7:47am
I was late on the short side. Was distracted by another website.
Short at 19029.
It has now cleared under 19000 and has rejected a move back up through it.
I put a 60pip target on my trade, but may take profits earlier. Its 12.50am here in sydney and I need some sleep!
  • #1,239
  • Nov 3, 2006 7:50am Nov 3, 2006 7:50am
after 92K figure on NFP and last months revision to 148K figure,
I smelled the short signal
Position short GBP/USD 1.9028, TP 1.8928

Hopw about you guys?
Hello World
  • #1,240
  • Nov 3, 2006 7:56am Nov 3, 2006 7:56am
Quoting waf_1988
NFP = dollar positive
last month's revised higher to 148K
this month 92K
I smell dollar positive
Short GBP/USD 1.9028
Hi waf_1988

Quote

NEW YORK, Nov 3 (Reuters) - ...August's non-farm payrolls data was revised to an increase of 230,000 jobs, up from an the previously reported 188,000. September was revised up to 148,000 from 51,000..

What a total farce this makes of the numbers. Fortunately, I am short the Euro but these revisions are just a disgrace!!

230k vs 188k = 22.3% error
148k vs 51k = 190% error

To all the researchers in the Dept ...YOU'RE FIRED !!!
0 traders viewing now