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Cable Update (GBPUSD)

  • #104,601
  • Dec 5, 2008 3:33am Dec 5, 2008 3:33am
Quoting gmohata
Good point - though i believe NFP will be terrible and pound will be the loser (ironic).

Why will NFP be terrible - those who have followed the markets for years and have regularly read and understood the fundamentals - they know that numbers such as NFP are seldom real facts - they are more politically drawn and botched up with what the fed, treasury want the markets to react to. There is no more politics which can help anyone in the current administration - they obviously dont want to make it easy for the next team - so numbers will reflect...
i was going to bed till i read this post. " the current admin don't want to make it easy for the next team"

You really think that the Bush admin is saying how can we cook these numbers so that it makes it harder on the Obama team? Come on man you cant be serious are you?

I could be wrong but are you a democrat? Cause the dems have this Bush derangement thing. Goes something like this.

1- today it was cloudy conclussion bush's fault

2- my toe hurts- conclussion bush's fault

3. My cereal was soggy- has to be bush's fault right?

Just funny that someone would actually believe that during these troubling times the current admin would purposely try and make it worse for Obama.

Obama will do just fine making it worse on his own without Bush's help
  • #104,602
  • Dec 5, 2008 3:35am Dec 5, 2008 3:35am
Quoting alcando
Here is an interesting example of the beauty of Support and Resistance.
I went hunting on a naked chart for past levels of S&R in the old data to see what levels could be important to s&R traders. One of the levels I found on the daily chart to be used over and over again during Dec2001 was the level at 14560. After I had marked it up I realised it had been the low on 12 Nov and was very important of course yesterday

Just my 5c worth...
ah thus why when it broke and went below it a bit I went long. Most the time it will dip a bit below then reverse. Nice analysis.

Dr.
  • #104,603
  • Dec 5, 2008 3:36am Dec 5, 2008 3:36am
Quoting Vourvoul
More trading opportunities along the way.
Maybe she can break H1/62, because it is the 3rd effort. I'll wait for at around R1 1.4840 for short ! But can change my mind based on what price action will be shown on M1!
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #104,604
  • Dec 5, 2008 3:37am Dec 5, 2008 3:37am
...
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  • #104,605
  • Dec 5, 2008 3:37am Dec 5, 2008 3:37am
Quoting steelhead
i was going to bed till i read this post. " the current admin don't want to make it easy for the next team"

You really think that the Bush admin is saying how can we cook these numbers so that it makes it harder on the Obama team? Come on man you cant be serious are you?

I could be wrong but are...
mate
i dont want to get into a political argument or discussion - though i still stick with my views.

oh - and yes - i am not a democrat or a republican - i live in Australia and hence can see things more objectively.
  • #104,606
  • Dec 5, 2008 3:41am Dec 5, 2008 3:41am
good morning/evening...

no clear direction for today... just small scalps on the up trends...

any opinions?
When life gives you lemons, make lemonade
  • #104,607
  • Dec 5, 2008 3:43am Dec 5, 2008 3:43am
Quoting gmohata
mate
i dont want to get into a political argument or discussion - though i still stick with my views.

oh - and yes - i am not a democrat or a republican - i live in Australia and hence can see things more objectively.


No worries
  • #104,608
  • Dec 5, 2008 3:44am Dec 5, 2008 3:44am
Thanks Captain. I am just trying to have a mark for the next potential turn so that I can join you without being too late or without the big drawdown.

Quoting steelhead
ah thus why when it broke and went below it a bit I went long. Most the time it will dip a bit below then reverse. Nice analysis.

Dr.
Ride the Bulls bearback!
  • #104,609
  • Dec 5, 2008 3:44am Dec 5, 2008 3:44am
Quoting gagakrimba
I think this baby is bullish today.
Entered long @ 1.4700
It get my TP @ 1.4750
  • #104,610
  • Dec 5, 2008 3:45am Dec 5, 2008 3:45am
Quoting micho
good morning/evening...

no clear direction for today... just small scalps on the up trends...

any opinions?
Gud afternoon. im jus trading candlestick patterns on 5M chart with targets of 20 pips. Not sure to keep an opinion for the day I hate non-farm days don't know which direction will it take after the number releases
  • #104,611
  • Dec 5, 2008 3:48am Dec 5, 2008 3:48am
Quoting bksujal
Gud afternoon. im jus trading candlestick patterns on 5M chart with targets of 20 pips. Not sure to keep an opinion for the day I hate non-farm days don't know which direction will it take after the number releases
me too i am scalping on the 1 minute chart... hope to see some direction soon

isn't Halloween today? its Santa Barbara
When life gives you lemons, make lemonade
  • #104,612
  • Dec 5, 2008 3:51am Dec 5, 2008 3:51am
Quoting micho
good morning/evening...

no clear direction for today... just small scalps on the up trends...

any opinions?
Good evening man, not hold trade yet on me !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #104,613
  • Dec 5, 2008 3:51am Dec 5, 2008 3:51am
Quoting micho
me too i am scalping on the 1 minute chart... hope to see some direction soon

isn't Halloween today? its Santa Barbara
yes i hope it gives a direction
  • #104,614
  • Dec 5, 2008 3:52am Dec 5, 2008 3:52am
If anyone is into pattern recognitions, this is a pattern i like to trade all the time. On this 1-min chart, it booked a profit of -50+ ppts. And this pattern appears in all kinds of markets: Dow, S&P, Hang Seng Futures, FX, Gold....etc... Have a good one. J.
Attached Image (click to enlarge)
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~*~You are only one trade away from humility~*~
  • #104,615
  • Dec 5, 2008 3:54am Dec 5, 2008 3:54am
Quoting manize
Maybe she can break H1/62, because it is the 3rd effort. I'll wait for at around R1 1.4840 for short ! But can change my mind based on what price action will be shown on M1!
She still strong, good job to whom shorts at H1/62 for at least + 80 pips !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #104,616
  • Dec 5, 2008 3:56am Dec 5, 2008 3:56am
Quoting manize
She still trong, good job for who short at H1/62 for at least + 80 pips !
Now you tell me.....
  • #104,617
  • Dec 5, 2008 3:57am Dec 5, 2008 3:57am
Quoting manize
Good evening man, not hold trade yet on me !
yo manize!! well i scalped 2 in your style 20 pips and 15 pips with 10 pips stop loss... lol a la manize

now looking to short above 1.47 if i see a signal
When life gives you lemons, make lemonade
  • #104,618
  • Dec 5, 2008 3:59am Dec 5, 2008 3:59am
Quoting manize
She still strong, good job to whom shorts at H1/62 for at least + 80 pips !

The modified schiff suggested by aohater was the reason price actions turned to the south now....
Attached Image (click to enlarge)
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~*~You are only one trade away from humility~*~
  • #104,619
  • Dec 5, 2008 4:01am Dec 5, 2008 4:01am
Quoting micho
yo manize!! well i scalped 2 in your style 20 pips and 15 pips with 10 pips stop loss... lol a la manize

now looking to short above 1.47 if i see a signal
Good job! I learn hard to combine with ema and pivot strategy !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #104,620
  • Dec 5, 2008 4:03am Dec 5, 2008 4:03am
Sorry Dude. I missed it too, so much for being cautious.

Quoting MarkyBoy
Now you tell me.....
Ride the Bulls bearback!
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