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Cable Update (GBPUSD)

  • #64,501
  • May 7, 2008 7:49am May 7, 2008 7:49am
Quoting akirax
8:30am USD Nonfarm Productivity q/q (p) 2.2% 1.5% 1.8%http://www.forexfactory.com/images/m...us_revised.gif
8:30am USD Unit Labor Costs q/q (p) 2.2% 2.6% 2.8%http://www.forexfactory.com/images/m...us_revised.gif
why the 2.2% on USD nonfarm are red in color ?
should it be the good news for USD ? 2.2% > 1.5% forecast
  • #64,502
  • May 7, 2008 7:50am May 7, 2008 7:50am
Quoting Turveyd
The problem with that strategy is yes it's only 10pips but they keep adding up to 100+ pips easy
there you go, stopped out. but as i said, it's only 10 and they do not add up to 100 since it is not my way to keep buying the breaks.
The quality of your life is brought about by the quality of your thinking.
  • #64,503
  • May 7, 2008 7:51am May 7, 2008 7:51am
A little advice, Daily mid pivot is at 9536, might consider putting stop below one of those next time, ole buddy

Quoting hornet
Long

SL 1 pip below the low
  • #64,504
  • May 7, 2008 7:51am May 7, 2008 7:51am
Quoting Turveyd
To be slightly more fair and unbiased here Salah.

If you put the army on the streets you can't do so without letting them defend themselves, they will most likely have to shoot people, thats bad PR and no one wants to order there own soldiers into a position where they are going to have to shoot there own people, not good to put the soldiers through that.

And Army shooting a few people, will likely escalate the the problem and lead to just more people being killed.


Its NEVER Easy Salah unfortunately.


Sorry!!
Are we supposed to be talking about gu or politics?
Don't be afraid to challenge the pros, even in their own backyard.
  • #64,505
  • May 7, 2008 7:55am May 7, 2008 7:55am
The way I see it is, it will either break that stiff looking Daily UTL, or a nice retracement.
  • #64,506
  • May 7, 2008 7:58am May 7, 2008 7:58am
Quoting hard1head1
The way I see it is, it will either break that stiff looking Daily UTL, or a nice retracement.
Could you give some numbers?
  • #64,507
  • May 7, 2008 7:58am May 7, 2008 7:58am
salah

my street (salim salam) is unusually quiet
this place blows up first when shit goes down but its calm

fu'''k it im buyin cable

popcorn?
  • #64,508
  • May 7, 2008 7:59am May 7, 2008 7:59am
Quoting hard1head1
The way I see it is, it will either break that stiff looking Daily UTL, or a nice retracement.
I'm thinking retracement on this one, but only cause i'm still holding my longs
  • #64,509
  • May 7, 2008 8:02am May 7, 2008 8:02am
Anyone realise where we are. Remember that 4 Hr channel. So we are at the bottom of a 4 Hr channel and a Daily UTL..
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 58 KB
  • #64,510
  • May 7, 2008 8:03am May 7, 2008 8:03am
Quoting DeePipster
Trader, here is one.

Japanese Candlestick Charting Explained
Thanx, but can anyone explain to me why the perfect H1 hammer (blue arrow) did not signify the end of the downtrend ?
Attached Image (click to enlarge)
Click to Enlarge Name: 080507 GU H1.gif Size: 60 KB
Darkness lies one inch ahead..
  • #64,511
  • May 7, 2008 8:04am May 7, 2008 8:04am
Quoting hard1head1
Anyone realise where we are. Remember that 4 Hr channel. So we are at the bottom of a 4 Hr channel and a Daily UTL..
I'm stalking long. Just waiting for entry.
USD Est Non Mortuus
  • #64,512
  • May 7, 2008 8:05am May 7, 2008 8:05am
Quoting hard1head1
A little advice, Daily mid pivot is at 9536, might consider putting stop below one of those next time, ole buddy
Jim,

Thanks for the advice. My rules say 1 pip below the low, if it hasn't worked out it's because it's not time for a reversal yet. Otherwise 1 pip would have been enough.

Truth is that I forced myself a little to take that trade, I went looking for something that would point up. I just wanted to trade (no trades today) and gave myself an excuse.

LOL
The quality of your life is brought about by the quality of your thinking.
  • #64,513
  • May 7, 2008 8:07am May 7, 2008 8:07am
Quoting TraderJR
Thanx, but can anyone explain to me why the perfect H1 hammer (blue arrow) did not signify the end of the downtrend ?
Candlesticks patterns should not be used alone but in conjunction with major S&R or Fibonacci retracements.
The quality of your life is brought about by the quality of your thinking.
  • #64,514
  • May 7, 2008 8:07am May 7, 2008 8:07am
Yep, just waiting for that long signal.

Quoting LuckyLurker
I'm stalking long. Just waiting for entry.
  • #64,515
  • May 7, 2008 8:09am May 7, 2008 8:09am
Probably news releases

Quoting TraderJR
Thanx, but can anyone explain to me why the perfect H1 hammer (blue arrow) did not signify the end of the downtrend ?
  • #64,516
  • May 7, 2008 8:14am May 7, 2008 8:14am
Quoting boxingislife
salah

my street (salim salam) is unusually quiet
this place blows up first when shit goes down but its calm

fu'''k it im buyin cable

popcorn?
hi budd
am looking the news its quiet now my family in achrafieh but i dont think it will finish here
  • #64,517
  • May 7, 2008 8:15am May 7, 2008 8:15am
Quoting salah k.
not bad yesterday i entered a 0.1 lot sell position at 9709 yesterday but i had to sleep so i put t/p at 9600 and s/l at 97340 just in case

i was gonna wait till 4:30 like hard1head1 told me but i decided to risk it

i wish i kept my t/p running because i had this gut feeling that we would be seeing 95

hows ur trading buddy
Well, I never place my orden in my long term trading shorting like I was thinking, but the for scalp account is been doing very well and still, I'm shorting this baby since last night. I making profit up and down big time. Two more weeks like this and I completly recover my crash from about almost 2 years ago.

Actually, 127% was reached, now we need to see if this 127 hold this movement or keep going to 161% fibo. This is based in my Sunday analisys.

When my TS ends, probbably there is the begining of the retracement in the way up. Could be small 38% or 61.8% close to the resistance in this 4H TF channel.

I post my chart later.
  • #64,518
  • May 7, 2008 8:21am May 7, 2008 8:21am
Quoting satutrade
hiii carr...long time no see..
how about your buterfly can we see now?
1.27% fibo was hit.. what your plan now?
LOL long time! Is one of those week that I place so many post.lol Usually I don't post that much.

I will post my chart later. But this movement (short) still strong yet. Maybe 161% is possible. For long we need a bullish candler formation between 127 and 161%.
  • #64,519
  • May 7, 2008 8:25am May 7, 2008 8:25am
And for me it all starts on the 5 Min. Tweezer bottoms. Its a start
Attached Image (click to enlarge)
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  • #64,520
  • May 7, 2008 8:27am May 7, 2008 8:27am
little long @ 1,9531 with tight stop.
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