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Cable Update (GBPUSD)

  • #5,881
  • Feb 13, 2007 5:24am Feb 13, 2007 5:24am
For news traders, how many pips do you guys normally get for trading trade balance?
I am just here to talk nonsense =D
  • #5,882
  • Feb 13, 2007 5:34am Feb 13, 2007 5:34am
Quoting Zarul Shahrin
For news traders, how many pips do you guys normally get for trading trade balance?
Morning Zarul,

Presumably you refer to the Yankee's Trade balance:

US Trade balance in Dec 06 produced 30 pips, Jan 07 produced 25 pips.
  • #5,883
  • Feb 13, 2007 5:38am Feb 13, 2007 5:38am
Quoting MoneyMa$ter
Morning Zarul,

Presumably you refer to the Yankee's Trade balance:

US Trade balance in Dec 06 produced 30 pips, Jan 07 produced 25 pips.
Thanks for the info, I need that to set my TP...
I am just here to talk nonsense =D
  • #5,884
  • Feb 13, 2007 5:48am Feb 13, 2007 5:48am
Quoting Zarul Shahrin
For news traders, how many pips do you guys normally get for trading trade balance?
Don't revenge the market.....you will only lose more.
  • #5,885
  • Feb 13, 2007 5:50am Feb 13, 2007 5:50am
Quoting henrycarol
Don't revenge the market.....you will only lose more.
No, I am not against the market, it was on the right movement, something that was predicted, but I am against my own stupidity, I always got issue during news time...
I am just here to talk nonsense =D
  • #5,886
  • Feb 13, 2007 5:55am Feb 13, 2007 5:55am
Quoting MoneyMa$ter
Morning Zarul,

Presumably you refer to the Yankee's Trade balance:

US Trade balance in Dec 06 produced 30 pips, Jan 07 produced 25 pips.
MoneyMaster - is there always whipsaw with the US Trade Balance?
mama
  • #5,887
  • Feb 13, 2007 5:55am Feb 13, 2007 5:55am
But are you guys seeing Cable dropping even with USD-negative news (as forecast) ?
  • #5,888
  • Feb 13, 2007 5:57am Feb 13, 2007 5:57am
Quoting cesarnc
But are you guys seeing Cable dropping even with USD-negative news (as forecast) ?
cesarnc, many of the news source predicted a strong down movement whatever the trade balance gonna be..
I am just here to talk nonsense =D
  • #5,889
  • Feb 13, 2007 5:58am Feb 13, 2007 5:58am
and if we are talking about TA, a strong support is now a resistance...
I am just here to talk nonsense =D
  • #5,890
  • Feb 13, 2007 6:03am Feb 13, 2007 6:03am
Quoting cesarnc
But are you guys seeing Cable dropping even with USD-negative news (as forecast) ?
Personally NO i dont see cable dropping if US news is bad - if bad Cable should go back to 9500 - 9520

Girish
  • #5,891
  • Feb 13, 2007 6:03am Feb 13, 2007 6:03am
Quoting Zarul Shahrin
cesarnc, many of the news source predicted a strong down movement whatever the trade balance gonna be..

I see... What worries me is a possible first minute up move. May 9450 hold then
  • #5,892
  • Feb 13, 2007 6:08am Feb 13, 2007 6:08am
Quoting Mama007
MoneyMaster - is there always whipsaw with the US Trade Balance?
Hey Mama,

January 07 was basically smooth - just a 6 pip bump in the final minute prior to the release. It's the gap you need to watch. See attached charts for IBFX and FxSol from US Trade December 06 announcement.
Attached File(s)
File Type: doc USD Trade Balance (ibfx and fxsol gapped) Dec 06 30 pips.doc   188 KB | 482 downloads
  • #5,893
  • Feb 13, 2007 6:13am Feb 13, 2007 6:13am
Quoting MoneyMa$ter
Hey Mama,

January 07 was basically smooth - just a 6 pip bump in the final minute prior to the release. It's the gap you need to watch. See attached charts for IBFX and FxSol from US Trade December 06 announcement.

thanks
mama
  • #5,894
  • Feb 13, 2007 6:36am Feb 13, 2007 6:36am
Quoting Zarul Shahrin
For news traders, how many pips do you guys normally get for trading trade balance?
Zarel, and anyone else interested in knowing what sort of movement to expect from news releases, take a look at this chart done by MaXey. Go to this page and download it - http://www.forexfactory.com/showthread.php?t=10869

Hope it helps.
  • #5,895
  • Feb 13, 2007 6:43am Feb 13, 2007 6:43am
Wanted to find out what you guys think, will the Trade balance USD $ negative result? Is it o.k to go long on EURO/USD or GBP/USD just seconds from release ?
Thanking you all .
Banda
BANDA333
  • #5,896
  • Feb 13, 2007 6:48am Feb 13, 2007 6:48am
Nobody will know for sure until the release of the US TB but I am still thinking it will be good for the dollar. I have been SHORT since 1.9473 with my S/L moved up for a positive profit just in case I am wrong. I still feel as though she MAY drop to the 1.9300 level. We shall see at 8:30 AM EST. Good luck all!
Show me the PIPS!
  • #5,897
  • Feb 13, 2007 6:50am Feb 13, 2007 6:50am
hi tathlynq
Thank you for your insight.
banda
BANDA333
  • #5,898
  • Feb 13, 2007 6:54am Feb 13, 2007 6:54am
  •  Trader#0000
  • | Status: Unregistered Trader
I'm sticking with my short from 1.9527, hopefully if its USD negative it wont retrace much since the trend is down.
  • #5,899
  • Feb 13, 2007 7:04am Feb 13, 2007 7:04am
Today's down move wasn't a "dollar stronger" move. Actually dollar is weaker on Euro and Yen pairs.

If US market remains absent today as has been lately, ir is possible to see a panic-driven move up then all the pair may resume they trend.

Notably, as Cable dropped 100 pip, Euro soared 80+...

I'll be watching on possible resumption of the down trend only (below 9400)
  • #5,900
  • Feb 13, 2007 7:08am Feb 13, 2007 7:08am
Interesting price movement at the moment. Cynics might suggest that major players throwing a few curved balls by minor cable buys and then gradually selling back to give false up trend indication.
Only my 2ps worth...
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