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Cable Update (GBPUSD)

  • #43,461
  • Dec 6, 2007 7:54am Dec 6, 2007 7:54am
Quoting Sc.david
That a very nice economic indicator, place TP about 120 pips from the open price of that very candle, cuz NFP -Unemployment avg. move is about 124 pips.
Be wary on your entry!
what currency are u pairing with?
NFP is the most dangerous economic calander. No one can predict!
If you like stradle, becarefull of WHIPSAW
"Invest With The Insiders, Not The Masses" George Muzea
  • #43,462
  • Dec 6, 2007 7:55am Dec 6, 2007 7:55am
Quoting Qu|cksilver
Are you good in news? i mean economics? What do you think NFP news will make tomorrow?
It might make up to 120pips.
But be careful on your currency pairing....

Yesrterday, i did bad pairing and i lost., so be wary befor making orders.
I would want to know the pair u'll use
  • #43,463
  • Dec 6, 2007 7:59am Dec 6, 2007 7:59am
Quoting Sc.david
It might make up to 120pips.
But be careful on your currency pairing....

Yesrterday, i did bad pairing and i lost., so be wary befor making orders.
I would want to know the pair u'll use
Man... how do you know NFP will make 120 pips move???

I only trade gbp/usd.
"Invest With The Insiders, Not The Masses" George Muzea
  • #43,464
  • Dec 6, 2007 8:15am Dec 6, 2007 8:15am
Just check this link:

http://www.actionforex.com/articles_..._200510082391/
  • #43,465
  • Dec 6, 2007 8:18am Dec 6, 2007 8:18am
Quoting quickh23a
you guys are crazy longing this pair now. should wait for a retarce to 300 and short again. but u guys overtrade and try to ctach up and down moves, risky business, btw quicksilver ur INSIDERS were wrong, BOE had to cut it was a 80/20 call
you were wrong bud as you said this at 2.02 ish - - i had a wonderful ride up to 2.03 and made a bucket load

i love this mkt as they always overshoot high and low so just short/long the extremes - easy
  • #43,466
  • Dec 6, 2007 8:23am Dec 6, 2007 8:23am
Quoting cesarnc
Somebody should resurrect the Lousy Calls Hall of Fame around here.
alteast im not giving lousy calls..
you're pro trader, news trader you should know this will happen..!
"Invest With The Insiders, Not The Masses" George Muzea
  • #43,467
  • Edited 9:18am Dec 6, 2007 8:59am | Edited 9:18am
allserene,

I know you are news trader.
Do you think NFP will be better than expected? I need to do an estimate with my technical analysis for tomorrow. This is what i heard from CNBC.
"Invest With The Insiders, Not The Masses" George Muzea
  • #43,468
  • Dec 6, 2007 9:21am Dec 6, 2007 9:21am
GBP/USD: Capped pre-2.0312, Latest BoE Data on NR Borrowing London, December 6. Cable ran into resistance ahead of 2.0312 (today"s Asian session top) after pushing its recovery envelope from a post-UK base rate cut 10-week low of 2.0180. There is talk that an Asian Central Bank was bidding at the latter level.
BoE balance sheet data indicates Northern Rock has borrowed another GBP 1.3bn from the Old Lady over the past week, and that NR has now borrowed up to GBP 30.5bn since the BoE offered emergency funding in September (Reuters).
A French bank expects the BoE MPC to cut the UK base rate by another 25bp to 5.25% by February, to follow today"s 25bp reduction to 5.5%. A Swiss bank and a US bank, along with a US investment house, forecast that the UK base rate will be at 4.5% by the end of next year.
  • #43,469
  • Dec 6, 2007 9:28am Dec 6, 2007 9:28am
Quoting Qu|cksilver
allserene,

I know you are news trader.
Do you think NFP will be better than expected? I need to do an estimate with my technical analysis for tomorrow. This is what i heard from CNBC.
I am an 'over reaction trader' I judge the importance or lack of importance of news and judge the over reaction of the market

I wait until the herd has charged a mile down the road on some piddling bit of news like new york has hired more santas than usual and wait to see if there is more movement, then i trade (bet) on the market coming back some

I wait until after news before i move and then it is usually buying the dip or selling the peak
  • #43,470
  • Dec 6, 2007 9:44am Dec 6, 2007 9:44am
Cable looks good
  • #43,471
  • Dec 6, 2007 10:02am Dec 6, 2007 10:02am
Quoting FXdaily
Cable looks good
looool
actually right now cable looks like one famous pop singer once said: DANGERROUSSS
  • #43,472
  • Dec 6, 2007 10:11am Dec 6, 2007 10:11am
Quoting FXdaily
Cable looks good
is that a long signal?
  • #43,473
  • Dec 6, 2007 10:14am Dec 6, 2007 10:14am
Quoting AmeriTrini
is that a long signal?
rather call down signal for scalpers?
Mina, what do you think?
  • #43,474
  • Dec 6, 2007 10:15am Dec 6, 2007 10:15am
who is getting the funy feeling that nfp will dissapoint?
  • #43,475
  • Dec 6, 2007 10:27am Dec 6, 2007 10:27am
Quoting JanPoko
rather call down signal for scalpers?
Mina, what do you think?
all I'm thinking right now is "egyptian stella beer rocks! other than this I'm thinkng I shoudn't be trading gbp/usd till next monday !"
  • #43,476
  • Dec 6, 2007 10:30am Dec 6, 2007 10:30am
Quoting Mina
all I'm thinking right now is "egyptian stella beer rocks! other than this I'm thinkng I shoudn't be trading gbp/usd till next monday !"
Yeah, just started to write that for me the day is over. That stella, is it sans-alcohol stuff? Have a nice day.
  • #43,477
  • Dec 6, 2007 10:31am Dec 6, 2007 10:31am
haven't had a stella in 6 years...certainly hits the spot though
  • #43,478
  • Dec 6, 2007 10:31am Dec 6, 2007 10:31am
Quoting AmeriTrini
is that a long signal?
Actualy yet yes
  • #43,479
  • Dec 6, 2007 10:34am Dec 6, 2007 10:34am
guys sometimes taking no position IS a position this is our hard earned money we should be trying to presererve our capitale and keep our winnings trading righh now specially NFP is a few hours away is just betting plzz guys be carefull if you insist on trading cable right now
  • #43,480
  • Dec 6, 2007 10:35am Dec 6, 2007 10:35am
chances cable might form daily pin bar?
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