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Cable Update (GBPUSD)

  • #17,121
  • Jul 5, 2007 4:01am Jul 5, 2007 4:01am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting de123
if u know that it will move in each direction, then play 2 breakouts (set 2 stop losses above and below current range) ,...but do u?

vote for a,b,c
a.) unchanged
b.) 5.75
c.) 6 and more

i always miss... , maybe now i wont LOL

I will go with C) Brown needs more money coming to the uk, after all most of our population are claiming something and putting little back, someone needs to give brown some cash.
  • #17,122
  • Jul 5, 2007 4:04am Jul 5, 2007 4:04am
Quoting WTB
Entering a trade few hours prior the Interest Rates is pure gambling guys. You never know how the market is going to react upon Interest Rates, you never know if there will be a juicy statement from the BoE along with the data itself, you never know whether the data will come as expected, you never know...

Gambling indeed.
If you play it safe, trading is never gambling. For example gambling is poker and other hazard games, not trading.
  • #17,123
  • Jul 5, 2007 4:05am Jul 5, 2007 4:05am
Quoting venci
Try use JMA or NonlagMa

I'm sorry, I don't understand the concept of a non lagging MA. By its very nature an MA lags unless it is an MA of 1.

confused
quote of the day: . It's like deja-vu all over again
  • #17,124
  • Jul 5, 2007 4:11am Jul 5, 2007 4:11am
Quoting SunTrader
And friday is mine and George W Bush's birthday.

I should copy that picture of the guy holding his nose.

The expression anyone is better than that guy applies to Pres. Bush.
SunTrader - my yankee wife's birthday is the 6th too ! What's with early October and you Americans ? how come everyone gets pregnant then ? is it bonkfest day or something ? She is here in the UK with me and couldnt figure why we don't do July 4th - I told her its too wet for fireworks...
  • #17,125
  • Jul 5, 2007 4:11am Jul 5, 2007 4:11am
Quoting de123
if u know that it will move in each direction, then play 2 breakouts (set 2 stop losses above and below current range) ,...but do u?

vote for a,b,c
a.) unchanged
b.) 5.75
c.) 6 and more

i always miss... , maybe now i wont LOL
This is all very exciting after the quiet of yesterday! I am still quite new to FX so will be watching the markets with interest today only.......

Cesarnc, are you much less bored today??

I am going to vote a) no change today
  • #17,126
  • Jul 5, 2007 4:14am Jul 5, 2007 4:14am
Quoting angiegiles00
This is all very exciting after the quiet of yesterday! I am still quite new to FX so will be watching the markets with interest today only.......

Cesarnc, are you much less bored today??

I am going to vote a) no change today
less bored, vote for a), too. Just didn't like Cable didn't follow euro and swiss in this dollar crash of 1 hour ago.

And my buy limit 2.0135 didnt trigger.... missed by the spread
  • #17,127
  • Jul 5, 2007 4:17am Jul 5, 2007 4:17am
i hope b) and if it plays out, the scenario that i would love to see would be some profit taking then look to load at 0000-0100
  • #17,128
  • Jul 5, 2007 4:19am Jul 5, 2007 4:19am
Quoting cesarnc
less bored, vote for a), too. Just didn't like Cable didn't follow euro and swiss in this dollar crash of 1 hour ago.

And my buy limit 2.0135 didnt trigger.... missed by the spread
Wow, that was a close call, and looked a sensible place to enter IMHO..

Good luck to all who are live trading today!!
  • #17,129
  • Jul 5, 2007 4:24am Jul 5, 2007 4:24am
Quoting allserene
When ? in the next 2 hours ? i bet a bunch of flowers that it will - a bit - after that - too scary for me !
Got the bunch of flowers with that little short - and OUT !
Yes that was gambling...
With my gbp deposits to protect, am I gambling by not shorting this market ?
People talk of 2.03 and some of 2.06 - but on a 4 months balance of risks basis, and not on a trading basis, surely I am gambling by not hedging my GBP's as there is more sky under me than over me right now ? I will grab some 2.0202 today if it's on offer, but should I hold back some and wait for better, or fill my boots at that ?
  • #17,130
  • Jul 5, 2007 4:24am Jul 5, 2007 4:24am
Quoting MPP
need some advice please, irrelivant of direction after the news today (it will move just which way, big debate about that), i could do with some help on indicators.
I use SMA, bit slow to react to news like this, but great for trends. is there an indicator that will identify the reaction quicker, or do I just wait for a move of say 50pips and take that as the direction to follow?
Dont try to get ahead of the market.. and dont even think about getting ahead of the news.. u'll end up risking ur money on the land mines of whipsaw / stop hunting / whatever things they do after the news. Its wiser to trust ur own system, if u use sma, wait until they show the signals.. jumping in 50-100 pips late to go with the trend is better than losing 50-100 pips during the "storm" after news.
Besides.. its like what WTB says.. you never know how the market will react to the news..
  • #17,131
  • Jul 5, 2007 4:25am Jul 5, 2007 4:25am
Quoting manu.aquetdju
If you play it safe, trading is never gambling. For example gambling is poker and other hazard games, not trading.
"playing it safe" and entering a trade prior a potentially-100-pip-spike-within-the-minute event is an oxymoron, my friend. There is nothing "safe" about entering a position sandwiched right in between the 4th of July and BoE statement.
  • #17,132
  • Jul 5, 2007 4:25am Jul 5, 2007 4:25am
  •  dado26
  • | Joined Mar 2007 | Status: Plan your trade and trade your plan | 180 Posts
Hey guys!
Tonight I had my first dream about forex (so I lost my virginity...a? )
I dont know what interest rate was anounced but cable went up like a rocket
and I made 418pips. I saw exact number. when I woke up I said I shouldnt sit so long in fornt of charts.........

I am not tradin today or tommorow...I am waiting market to calm down....

......aha and that question:
my awnser is 5.75%
  • #17,133
  • Jul 5, 2007 4:38am Jul 5, 2007 4:38am
I think both sides gonna see money today down on rate decision up on NFP with a high 0226 ish then power selling for the border.

Then tomorrow actual nfp gonna crush the pounder
"Millionaires don't use astrology, billionaires do"
  • #17,134
  • Jul 5, 2007 4:44am Jul 5, 2007 4:44am
Just wondering if anyone else feels same way as me? LONG cable at 2.0160 tp 2.0230, profit 70 pips, with sl 2.0120. point of the story is risk 40 to make 60 sounds a lot better then waiting for this beast to breakout and make 20 if it doesnt whipsaw. i should have got in on a dip, oh well,life goes on. My inference is that unless you set your TP and SL b4 these beast makes its move, you wont be able to exit or enter when you like, so wear seat belt , dont smash yer nose,
  • #17,135
  • Jul 5, 2007 4:46am Jul 5, 2007 4:46am
Quoting OrionsWay
I think both sides gonna see money today down on rate decision up on NFP with a high 0226 ish then power selling for the border.

Then tomorrow actual nfp gonna crush the pounder
Last i checked actual vs previous USD is gonna get crushed?
  • #17,136
  • Jul 5, 2007 4:50am Jul 5, 2007 4:50am
Hello folks!

Will somebody take out a violin and sing to this thing?!! Worst range I ever saw, and the Euro is breaking it's own range northwards. Does anyone know what caused the euro buy? I lost 20 pips *tears*.
Virtue finds and chooses the mean. Aristotle, Ethica Nichomachea
  • #17,137
  • Jul 5, 2007 4:51am Jul 5, 2007 4:51am
Quoting forexboomer
Last i checked actual vs previous USD is gonna get crushed?

todays ADP is a joke non event, tomorrow's will beat by 60 80kmaybe higher
"Millionaires don't use astrology, billionaires do"
  • #17,138
  • Jul 5, 2007 4:51am Jul 5, 2007 4:51am
Quoting Plutonite
Hello folks!

Will somebody take out a violin and sing to this thing?!! Worst range I ever saw, and the Euro is breaking it's own range northwards. Does anyone know what caused the euro buy? I lost 20 pips *tears*.
Pluto, it was the stars, i think u missed the blip on the orions belt...
  • #17,139
  • Jul 5, 2007 4:55am Jul 5, 2007 4:55am
Quoting Plutonite
Hello folks!

Will somebody take out a violin and sing to this thing?!! Worst range I ever saw, and the Euro is breaking it's own range northwards. Does anyone know what caused the euro buy? I lost 20 pips *tears*.
dollar getting hit across the board. Again. No compassion whatsoever.

Hit me in my UJs, but still holding....
  • #17,140
  • Jul 5, 2007 4:57am Jul 5, 2007 4:57am
Quoting WTB
"playing it safe" and entering a trade prior a potentially-100-pip-spike-within-the-minute event is an oxymoron, my friend. There is nothing "safe" about entering a position sandwiched right in between the 4th of July and BoE statement.
Everyone who trades today is gambler ???
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