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Cable Update (GBPUSD)

  • #6,001
  • Feb 14, 2007 5:26am Feb 14, 2007 5:26am
We are on 8th bar since low on 1600 tick -
8th bar since low = drop
also mathematically written as
8=D
I'm coining it the little prick pattern
Man who scratches ass should not bite fingernails
  • #6,002
  • Feb 14, 2007 5:28am Feb 14, 2007 5:28am
Quoting Zarul Shahrin
Maybe because I spent half of my life with computer / forum/ chatroom / bbs and more to realized how people really get annoyed with big CAPS etc... maybe it's normal for some people who got problem looking at small fonts, but really. I am not sure about this forum, but most of other big forums I have ever visited have this rule in their forum rules....I am not speaking for myself, but as I said, I am just giving a "SUGGESTION" since he is a new comer...
...anyone here know that you are right....now..watching the market...
TheBe$t
  • #6,003
  • Feb 14, 2007 5:28am Feb 14, 2007 5:28am
Quoting Zarul Shahrin
Maybe because I spent half of my life with computer / forum/ chatroom / bbs and more to realized how people really get annoyed with big CAPS etc... maybe it's normal for some people who got problem looking at small fonts, but really. I am not sure about this forum, but most of other big forums I have ever visited have this rule in their forum rules....I am not speaking for myself, but as I said, I am just giving a "SUGGESTION" since he is a new comer...
I understand what you mean, I just wish my eyesight stop deteriorating - do they offer workers comp for this shit.
Man who scratches ass should not bite fingernails
  • #6,004
  • Feb 14, 2007 5:33am Feb 14, 2007 5:33am
Quoting Leugimp
I understand what you mean, I just wish my eyesight stop deteriorating - do they offer workers comp for this shit.
Maybe a 20'' screen will do the job..
I am just here to talk nonsense =D
  • #6,005
  • Feb 14, 2007 5:35am Feb 14, 2007 5:35am
should i short @9550? ar long?
  • #6,006
  • Feb 14, 2007 5:37am Feb 14, 2007 5:37am
Quoting Zarul Shahrin
Maybe a 20'' screen will do the job..

20"!!!!!! Are you crazy! Im at 3 22" widescreens already and I cant see. I think I need some projectors.
Man who scratches ass should not bite fingernails
  • #6,007
  • Feb 14, 2007 5:40am Feb 14, 2007 5:40am
Quoting Leugimp
20"!!!!!! Are you crazy! Im at 3 22" widescreens already and I cant see. I think I need some projectors.
Then the best thing to do is to Ctrl + "+" when reading a post...
I am just here to talk nonsense =D
  • #6,008
  • Feb 14, 2007 5:41am Feb 14, 2007 5:41am
...ha....
TheBe$t
  • #6,009
  • Feb 14, 2007 5:43am Feb 14, 2007 5:43am
Quoting Leugimp
20"!!!!!! Are you crazy! Im at 3 22" widescreens already and I cant see. I think I need some projectors.
Or glasses
  • #6,010
  • Feb 14, 2007 5:48am Feb 14, 2007 5:48am
Hi

I think if the cable pass 1.9577 it will reach 1.9625

but if the cable can't pass may he fall to 1.9475 and 1.9440
  • #6,011
  • Feb 14, 2007 5:48am Feb 14, 2007 5:48am
Good day y'all

I really would like to know what will be the main idea in Chairman Bernanke's speech later... The opinions here diverge about wherever we're seeing a reversal or a simple retrace. Meanwhile, I noticed that the price touched the 50% fib of the Feb.7 top(1.9732)/yesterday's bottom(1.9400) and is starting to go down. Will it keep it?
  • #6,012
  • Feb 14, 2007 5:49am Feb 14, 2007 5:49am
Quoting nextG
should i short @9550? ar long?
It can go either way from here, unfortunately at this level, i feel the stress level will be to great. It can retrace a little and fly to 9570 level or a bit higher for today, or can retrace deeper down to 9510-9522 area intially and then bounce back or blow through the pivot lows. I personally think this is a middle area that should be avoided if you are on the lesser timeframes as it really is a coinflip and the r/r doesn't seem to provide that great of an expected value over the long term for these type of plays. The lower risk to reward would be to downside, however against the daily direction - the higher risk to reward to upside with current direction but taking transaction costs into consideration doesn't look like positive expected return.

if looking for a longer term play, i would personally wait for a retracement down to a good buying level, determined by S&R however you find useful - predefine your buying level and fade a weak lagging indicator into that level, with a stop below a confluence of support below your entry - Other option and perhaps safer although you will miss some signals, but good for new guys without much S&R experience is to predetermine your level, let price go through it and catch it back on the way up so you will be in line with the current direction.

Not telling you what you should do, just something to think about.
Man who scratches ass should not bite fingernails
  • #6,013
  • Feb 14, 2007 5:50am Feb 14, 2007 5:50am
Cesarnc, You know what I failed again with the news trading. 4th times in a row thought it went to the right way as I predicted, the spike to the opposite side for the first 20 seconds made me closed my orders. I lost 50 pips each for 2 orders, taking away 50 pips that I scalped and costed me another 50 pips..Now I believe news trading is not for me, and I think scalping work the best for me...The one that give me the most profit since my early forex days....
I am just here to talk nonsense =D
  • #6,014
  • Feb 14, 2007 5:57am Feb 14, 2007 5:57am
Quoting Lojkine
Good day y'all

I really would like to know what will be the main idea in Chairman Bernanke's speech later... The opinions here diverge about wherever we're seeing a reversal or a simple retrace. Meanwhile, I noticed that the price touched the 50% fib of the Feb.7 top(1.9732)/yesterday's bottom(1.9400) and is starting to go down. Will it keep it?
Market will be searching for key words - finger on the mouse

He says / what happens

"Infl..." / 5 up
"...ation" / 10 down
"Vigilance" / 20 up
"Strong Vigilance" / 40 up
"Gosh, I farted" / 5 down

Forget about trading this mess while happening... Step off and trade the larger outcome, possibly tomorrow.
  • #6,015
  • Feb 14, 2007 5:58am Feb 14, 2007 5:58am
Quoting Zarul Shahrin
Cesarnc, You know what I failed again with the news trading. 4th times in a row thought it went to the right way as I predicted, the spike to the opposite side for the first 20 seconds made me closed my orders. I lost 50 pips each for 2 orders, taking away 50 pips that I scalped and costed me another 50 pips..Now I believe news trading is not for me, and I think scalping work the best for me...The one that give me the most profit since my early forex days....
I have found in news trading for me, there are only two options -
1) be in profit prior to release, take a partial and allow the rest to fly or
2) predetermine levels I would like to fade the news at to set up my directional bias, and take partial profits sooner than later. If I miss it, I miss it. Loss of opportunity is better than loss of capital.
Man who scratches ass should not bite fingernails
  • #6,016
  • Feb 14, 2007 6:01am Feb 14, 2007 6:01am
Quoting cesarnc
"Gosh, I farted" / 5 down
Eh eh eh eh eh.
It may be indeed a good sign. Like Paul Wolfowitz's socks may indicate that something's wrong in the world bank.
  • #6,017
  • Feb 14, 2007 6:01am Feb 14, 2007 6:01am
Quoting Leugimp
I have found in news trading for me, there are only two options -
1) be in profit prior to release, take a partial and allow the rest to fly or
2) predetermine levels I would like to fade the news at to set up my directional bias, and take partial profits sooner than later. If I miss it, I miss it. Loss of opportunity is better than loss of capital.

Agree!!!!
I am just here to talk nonsense =D
  • #6,018
  • Feb 14, 2007 6:02am Feb 14, 2007 6:02am
Quoting cesarnc
Market will be searching for key words - finger on the mouse

He says / what happens

"Infl..." / 5 up
"...ation" / 10 down
"Vigilance" / 20 up
"Strong Vigilance" / 40 up
"Gosh, I farted" / 5 down

Forget about trading this mess while happening... Step off and trade the larger outcome, possibly tomorrow.
I predict the fart will happen early, signaling his nervousness about the prospect for the dollar so i will fade the fart.
Man who scratches ass should not bite fingernails
  • #6,019
  • Feb 14, 2007 6:03am Feb 14, 2007 6:03am
Quoting MoneyMa$ter
For the Record:

Wednesday morning's UK employment report should remain unchanged with a minor move for cable in the range of 15 pips or so on the 09:30 GMT announcements. Jan report was unchanged and cable dropped 15 pips but quickly recovered in 30 minutes following the news.

BOE inflation report at 10:30 GMT should be a different story; when last issued in November, cable moved approx 25-30 pips over 20 minutes. Expect a similar move Wednesday morning.
...

Positions: Long cable at 9460 since 20:33 gmt on 13 February; TP 9480. Then clear the decks for the news announcements when newstraders employ their favorite techniques: straddling, hedging, fading or just watching from the sidelines. Whatever you do....do it well.
From last night to this morning. Road seemed pretty clear to the newstraders... but you're right Zarul, you've got to have knack for newstrading. There's more to it than setting up a simple straddle, much more.

Word of Advice:
Whatever you do....do it well.
  • #6,020
  • Feb 14, 2007 6:04am Feb 14, 2007 6:04am
Quoting Leugimp
I predict the fart will happen early, signaling his nervousness about the prospect for the dollar so i will fade the fart.
I dont think he will anounce it though so you will have to watch closely for the classic Silent But Deadly pattern.
Man who scratches ass should not bite fingernails
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