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Cable Update (GBPUSD)

  • #29,381
  • Sep 6, 2007 5:40pm Sep 6, 2007 5:40pm
if you look at the h4 chart of cable, the first attemp on 2.0200, the second try ([email protected]) and the third ([email protected]) yesterday, they all are 114% to each other on fib. Looks like we are diving down guys

Like to see 1.9960 soon!
  • #29,382
  • Sep 6, 2007 7:43pm Sep 6, 2007 7:43pm
I'm bored from this
  • #29,383
  • Sep 6, 2007 7:59pm Sep 6, 2007 7:59pm
Quoting brainless
if you look at the h4 chart of cable, the first attemp on 2.0200, the second try ([email protected]) and the third ([email protected]) yesterday, they all are 114% to each other on fib. Looks like we are diving down guys

Like to see 1.9960 soon!
Be carefull.. !! Cable can bite you in the ***
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  • #29,384
  • Sep 6, 2007 9:39pm Sep 6, 2007 9:39pm
on the latest news .....the pound and euro rates were left unchanged as predicted. hopefully we will not see the pair head upward tonite....or untill we get some good economic data.....right now i got to target on the chart....well lets see what happens.....

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DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #29,385
  • Sep 6, 2007 9:55pm Sep 6, 2007 9:55pm
Quoting bullrock
Yeah tomorrow I stay out like hell.
Tomorrow is a good day to trade. Trade at 8:30 AM NFP. This should be a big one. Best pair to trade though is EUR/USD, normally move about 90-100 pips, check the history. Cable may move about 70 pips initially but eventually it might move more. Best to watch the market on a 5MIN chart and do not take any position until you get the news and confirm USD weakness/ strength. The first spike normally tells you where the market is most likely going to move, then it will retrace back to where the price started, then if you wish, after your analysis then take yours position. Also a good pair is the USD/CHF.

GOOD LUCK!!

NB: Cable did not break below the long term trend line and is now trading above the medium term down trend (Daily Chart). By definition cable is 80% bullish and 20% bearish. Any cards can play. Trade carefully.
  • #29,386
  • Edited 10:28pm Sep 6, 2007 10:16pm | Edited 10:28pm
i have a feeling that eur/usd is ready fly north.. used rsi, macd, rate of change.. can't determine the t/p though... keltner bands too
  • #29,387
  • Sep 6, 2007 10:23pm Sep 6, 2007 10:23pm
http://forexfactory.com/attachment.p...1&d=1189134284
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  • #29,388
  • Sep 6, 2007 10:52pm Sep 6, 2007 10:52pm
Inserted Video
  • #29,389
  • Sep 6, 2007 11:47pm Sep 6, 2007 11:47pm
Quote
The first spike normally tells you where the market is most likely going to move, then it will retrace back to where the price started

This is some smart guy out there
Hello World!
  • #29,390
  • Sep 7, 2007 2:12am Sep 7, 2007 2:12am
Good to see not sideways, hope some action ahead, its Friday after all !


Hello World!
  • #29,391
  • Sep 7, 2007 2:49am Sep 7, 2007 2:49am
looks like the whole gang has gone to sleep this euro session

no one around ???

Hello World!
  • #29,392
  • Sep 7, 2007 2:52am Sep 7, 2007 2:52am
A weak NFP report will cause the GBP/USD and EUR/USD to sky rocket to 2.0400 and 1.3800... What do you guys think?
  • #29,393
  • Sep 7, 2007 2:54am Sep 7, 2007 2:54am
The rollercoaster is starting to move
  • #29,394
  • Sep 7, 2007 2:55am Sep 7, 2007 2:55am
Cable's range for today 2.0150 - 2.0260 (we need a breakout, upwards please), I'm long and my long trades are in a very bad situation (4 long positions)
  • #29,395
  • Sep 7, 2007 2:58am Sep 7, 2007 2:58am

I'm busy cleaning my crystal ball m8 while I'm hearing DJ Tiesto in ''full throttle''

Maybe others have also some serious things to do...

Besides,it's still to early...Wait and very soon u'll see everybody start singing,predicting,writing,calling,etc...

P.S. Don't forget, it's Friday after all...

Vivere pericolosamente...
  • #29,396
  • Sep 7, 2007 3:02am Sep 7, 2007 3:02am
Quote
A weak NFP report will cause the GBP/USD and EUR/USD to sky rocket to 2.0400 and 1.3800... What do you guys think? Today 3:49am

US - Change in Nonfarm Payrolls
Forecast: 115K Previous: 92K GMT Time: 12:30

Isn't this good data for US ?

Of course, being Friday today, tens of storms can take place before this data.

For sure, it'll be an interesting day.
Hello World!
  • #29,397
  • Sep 7, 2007 3:12am Sep 7, 2007 3:12am
I'm ready to put buy limit at 2.0150 SL 15 PIP.
Hopefully the market will move up and plus NFP will move more higher today..
"Invest With The Insiders, Not The Masses" George Muzea
  • #29,398
  • Sep 7, 2007 3:15am Sep 7, 2007 3:15am
Email below i received from Felix.


Friday, September 07th, 2007 (8:30 a.m. New York Time) USA
Then at 8:30 a.m. New York time we will have U.S. Non-Farm payroll coming out. It is expected to come out at 100,000. If it comes out at 120,000 or higher, that would be bullish for the U.S. dollar so we may possibly see GBP/USD going down by 50 pips or more in the first hour of the report. Remember, ADP came out very low so now they are expecting a rather lower reading than higher reading so even a relatively small deviation of 20,000 from expectations should still be very bullish for the dollar. I think even if it comes out as expected - that is 100,000, I think it still could be bullish for the U.S. dollar but of course it would be safer to trade on deviation of 20K or higher. If the reading comes out at 50,000 or below, I think GBP/USD may possibly go up by 50 pips or more in the first hour of the report. If you missed the initial spike on this one (which may happen easily on this report), it will all depend on deviation and important price levels before the report. When you see a spike of 50 pips, I would try to get in on the retracement as close to prerelease price as possible - maybe within 10 to 15 pips. At the same time, if the deviation is so huge, we may only see 30% of retracement. Anyway, I gave you triggers, and I'm pretty sure the price will go there like 50 pips or more within the first hour. It may go much higher if the deviation is bigger so judge yourself regarding entries.

SUMMARY:
* Report: U.S. Non-Farm Payroll
* Sell on GBP/USD if the number will be 120,000 or higher
* Buy on GBP/USD if the number will be 50,000 or less
* If the trigger is hit, expect 50 pips or more in the first hour of the report.
"Invest With The Insiders, Not The Masses" George Muzea
  • #29,399
  • Sep 7, 2007 3:23am Sep 7, 2007 3:23am
Quoting Qu|cksilver
Email below i received from Felix.


Friday, September 07th, 2007 (8:30 a.m. New York Time) USA
Then at 8:30 a.m. New York time we will have U.S. Non-Farm payroll coming out. It is expected to come out at 100,000. If it comes out at 120,000 or higher, that would be bullish for the U.S. dollar so we may possibly see GBP/USD going down by 50 pips or more in the first hour of the report. Remember, ADP came out very low so now they are expecting a rather lower reading than higher reading so even a relatively small deviation of 20,000 from expectations should still be very bullish for the dollar. I think even if it comes out as expected - that is 100,000, I think it still could be bullish for the U.S. dollar but of course it would be safer to trade on deviation of 20K or higher. If the reading comes out at 50,000 or below, I think GBP/USD may possibly go up by 50 pips or more in the first hour of the report. If you missed the initial spike on this one (which may happen easily on this report), it will all depend on deviation and important price levels before the report. When you see a spike of 50 pips, I would try to get in on the retracement as close to prerelease price as possible - maybe within 10 to 15 pips. At the same time, if the deviation is so huge, we may only see 30% of retracement. Anyway, I gave you triggers, and I'm pretty sure the price will go there like 50 pips or more within the first hour. It may go much higher if the deviation is bigger so judge yourself regarding entries.

SUMMARY:
* Report: U.S. Non-Farm Payroll
* Sell on GBP/USD if the number will be 120,000 or higher
* Buy on GBP/USD if the number will be 50,000 or less
* If the trigger is hit, expect 50 pips or more in the first hour of the report.
Most probably the number will be anywhere between 50k and 120k; what would you do in this case?
  • #29,400
  • Sep 7, 2007 3:27am Sep 7, 2007 3:27am
Will the USD find support if US payrolls come in higher than forecast? Not necessarily, says Bear Stearns. The bank says the key market focus remains credit and money markets - not data. Thus, even if the data is strong, "we doubt the market will start to lean to the view that the Fed will hold rates on Sept. 18," the bank says. "With this in mind, the ability of stronger-than-expected data to lift the USD may be somewhat limited."

What do u guys think?
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