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Cable Update (GBPUSD)

  • #2,521
  • Dec 19, 2006 4:12am Dec 19, 2006 4:12am
If you go to james 16 chart page 105 and posts 1568 and 1569 you will see why they were looking at a long position for gbpusd. I found it interesting.
  • #2,522
  • Dec 19, 2006 4:15am Dec 19, 2006 4:15am
That's for the Gold and USD/CHF.
Quoting goodthings
If you go to james 16 chart page 105 and posts 1568 and 1569 you will see why they were looking at a long position for gbpusd. I found it interesting.
  • #2,523
  • Dec 19, 2006 4:23am Dec 19, 2006 4:23am
Yes Interesting huh. Maybe we aught to get into gold. That bit of information helped me to react to the movement quickly. Also that news and itme's analysis helped me to pick up 168 pips on gbp/jpy.
  • #2,524
  • Dec 19, 2006 4:27am Dec 19, 2006 4:27am
Nice one. Are you trading with real account? How much did you profit in today's crazy uptrend?

I tried to retrace when it reaches 1.9605 but got busted on my SL 1.9654, well I lost a little of my funds
Quoting goodthings
Yes Interesting huh. Maybe we aught to get into gold. That bit of information helped me to react to the movement quickly. Also that news and itme's analysis helped me to pick up 168 pips on gbp/jpy.
  • #2,525
  • Dec 19, 2006 4:28am Dec 19, 2006 4:28am
It's nice to be able to utilize all the sources on this forum. To say the obvious there are a lot of sharp people. Of course it all comes down to us making our own descisions based on accumulation of facts. We still got to pull the trigger so to speak.
  • #2,526
  • Dec 19, 2006 4:32am Dec 19, 2006 4:32am
Any thoughts on if US news of PPI will be good for USD and drop this sucker back down?
If you can't produce some results and make some serious PIPS, YOU'RE FIRED!
  • #2,527
  • Dec 19, 2006 4:33am Dec 19, 2006 4:33am
Quoting venomdesignsUK
hey guys
Can anyone recommend any good broker who has fx managed accounts please? I need to open one but I dont know much about various brokers.......any help is welcome.

Thank you
Hi,
You could see at Neuimex dot com, I think they have what you want.

Regards
  • #2,528
  • Dec 19, 2006 4:37am Dec 19, 2006 4:37am
Quoting Qwiktrader
Any thoughts on if US news of PPI will be good for USD and drop this sucker back down?
One for sure is if PPI is positive or above expection, expect GU to make a big retracement going down to 1.9450. The big traders out there set this huge uptrend at the opening of London for them to make the retracement after the PPI news later.
  • #2,529
  • Dec 19, 2006 4:38am Dec 19, 2006 4:38am
This is a quote from Habeeb on James 16"The move started with a pin bar could it end with one" See chart below.
Attached Image
  • #2,530
  • Dec 19, 2006 4:40am Dec 19, 2006 4:40am
Quoting Donadoney
I've been in this trade, long on the GBP/CHF since 12/12/06. You GUESSED price was going to go down man???!!! Come on!! And then you try to debunk me as if I got lucky, when I used a reliable strat? You were trying to get luckier than ME!!!!

Here's the evidence in my journal

http://www.forexfactory.com/forexfor...t=11097&page=2

I just don't think it all luck and I think you're wrong. I think you thought you knew and you're lashing out at me....
Look i'm not trying to argue with you!

I have posted 3 days earlier that I spoted usd/chf on the 38.6% retracement and asked if that looks like it's reversing, and if it does cable should go up.. I'm saying this move came out of no where.. yes, I was shorting it and wanting to catch few pips drop during the "V" from european open to london open. Did not expect it would take off running when there's no "NEWS", and i'll say this again.. YOU"RE LUCKY that YOU caught this..i'm not lashing at you.. and ur prove isn't worth crap. it's just saying it might happen, never stated when or where it would go.. I knew it would happen too.. but, i sure in hell did not know it would happen now.. so don't give me that crap. you held a Long position way before hand.. that just means you had a bigger stop and let it ran, not a professional trader to hold a position for a week and oh now you got out you think ur the best..
Attached Image
  • #2,531
  • Dec 19, 2006 4:49am Dec 19, 2006 4:49am
Quoting Qwiktrader
Any thoughts on if US news of PPI will be good for USD and drop this sucker back down?
I was also wondering this - would it move quickly or what - does anybody have any experience trading this
mama
  • #2,532
  • Dec 19, 2006 4:52am Dec 19, 2006 4:52am
Quoting Mama007
I was also wondering this - would it move quickly or what - does anybody have any experience trading this
don't jump the gun, anything can happen when news comes out, so you never know till the news comes out.
If I Go Broke Trying Then I Will die happy.
  • #2,533
  • Dec 19, 2006 4:54am Dec 19, 2006 4:54am
I think the low liquidity could make PPI spiketastic, probably south.
TRADE FOR SWAP
  • #2,534
  • Dec 19, 2006 4:54am Dec 19, 2006 4:54am
i just hope we get the same movement as london did.
If I Go Broke Trying Then I Will die happy.
  • #2,535
  • Dec 19, 2006 5:07am Dec 19, 2006 5:07am
US Producer Price Index (YoY) (NOV) (13:30 GMT; 08:30 EST)
(Headline) (Core)
Consensus: 0.2% 0.9%
Previous: -0.9% 0.6%Outlook: The prices that US Producers receive at all levels of production look to continue lower in November, as a moderation of commodity prices and slowing demand put a damper on net inflation. Though the headline yearly rate will likely bounce off of previous 5-year lows, a clear overall downtrend has fostered a more sanguine outlook on domestic price pressures—reducing speculation of continued hawkishness on the part of US Federal Open Market Committee officials. Fed-watchers place considerably less weight on the Producer-linked measure as they do the Consumer Price Index, but any negative surprises could only reduce inflationary risks and increase the likelihood of lower interest rates through the medium term.

Previous: The US Producer Price Index matched previous 5-year lows, as a contraction in energy and automobile costs led the headline year-on-year rate at -1.6 percent. Excluding volatile food and energy costs, the index rose by a modest 0.6 percent in the preceding 12 months—its lowest since March, 2004. Such a soft inflation figure led many to speculate that the US Federal Reserve was likely to cut overnight lending rates through the medium term, but recently strong retail sales data suggests that solid demand may sustain inflationary pressures through coming months. Markets will likely ignore numbers at consensus for tomorrow’s release, with only a truly surprising result to elicit the same reaction we saw from recently soft consumer price inflation figures.





Bottom line: sit tight and surf the wave.
  • #2,536
  • Dec 19, 2006 5:08am Dec 19, 2006 5:08am
Quoting Moe
i just hope we get the same movement as london did.
Moe, same movement ? u mean up.

or u mean same pips ? down ?
I Deeply Love My Virtual Life In Virtual World , RLC
  • #2,537
  • Dec 19, 2006 5:18am Dec 19, 2006 5:18am
Cable just jumped off a consisten down channel, this time...

Is it valid to consider a breakout from this channel resuming uptrend?

http://i2.photobucket.com/albums/y28/cesarnc/dec19.jpg
  • #2,538
  • Dec 19, 2006 5:31am Dec 19, 2006 5:31am
[quote=cesarnc]US Producer Price Index (YoY) (NOV) (13:30 GMT; 08:30 EST)

Cesarnc

How do you surf the wave ? do you wait for the trend to be shown before you enter or what?
mama
  • #2,539
  • Dec 19, 2006 5:42am Dec 19, 2006 5:42am
[quote=Mama007]
Quoting cesarnc
US Producer Price Index (YoY) (NOV) (13:30 GMT; 08:30 EST)

Cesarnc

How do you surf the wave ? do you wait for the trend to be shown before you enter or what?
Well mama, here are my statistics:
100% of the time I got greedy, I lost money.

So I don't care if I miss the first 20-30 pips during the blast... Usually, you notice that big moves, say 60-100 pips, are carried out in steps... Every few minutes the market calms down a little - time to surf...

But when it spends like 4-5 minutes stuck in a given price, then I jump off, because de retracement is about to happen. Sometimes a give a few pips away in that retracement to make sure it is taking place... Then I get myself a few pips in the retracement....


Bottom line, in a 100 pips blast + 30-50 pips retracement I make myself my 40-50 pips...

As I said, if I place a position just before the news for pure greed and gamble - that is, in an unjustifiable action - I loose...

Never much to say that this is the way I DO IT and it works fine to me... This is not an advice...
  • #2,540
  • Dec 19, 2006 5:49am Dec 19, 2006 5:49am
And, by the way, I live a Brazilian currency reality.

USD/R$ = 2,15.

So for every pip I make in USD, I'm making 2 pips in Real... That makes me confortable making less pips ...
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