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Cable Update (GBPUSD)

  • #121,501
  • Feb 18, 2009 10:37am Feb 18, 2009 10:37am
Quoting Big Wave Rider
Forex Factory group is now on facebook. search Forex Factory.


i just joined...might be good to see peoples faces or not
  • #121,502
  • Feb 18, 2009 10:57am Feb 18, 2009 10:57am
Hi All,

i have some question, i live in california, and the recession is very bad, state of california just laid off 22,000 their employee and a lot from private sector too, so what will happen if the next event about unemployment claim from US is greater than 620K, is the GBP going to north?, but i heard that now the GBP is tied to USD. so any opinion from economic expert here

thanks
Alexander
  • #121,503
  • Feb 18, 2009 11:02am Feb 18, 2009 11:02am
Quoting nAVIN2007
i just joined...might be good to see peoples faces or not

you can't tell who is who because people use their real names in F.B.
Unless your Navin, now that was easy to figure out
Just Trade It
  • #121,504
  • Feb 18, 2009 11:04am Feb 18, 2009 11:04am
Quoting Big Wave Rider
you can't tell who is who because people use their real names in F.B.
Unless your Navin, now that was easy to figure out
yes thats a good point...
  • #121,505
  • Feb 18, 2009 11:05am Feb 18, 2009 11:05am
Quoting eohater
I've had some questions as to why I took the long at 4188 (BOTH TIMES), so here we go. Notice the candles circled in red. The first candle typically would tell me to go long on the opening of the next candle except for one thing. We were sitting on the 15m 35sma/50ema. So, patience has to kick in and wait for the next candle to form. If I missed the entry, I'll get another seat somewhere else. Notice the 2nd candle circled in red continued it's journey south. Now, once this candle closed, we had a clean movement through the 35sma/50ema. My system...
EO

Great explanation and clarity. Total logic. I like candle formations
and I love SMA /EMA's. Time to dig back into the archives and read
about your trading system.

I've developed the figurative "Inspector Clouseau" eye twitch, vertigo
and strabismus after trading the GBPJPY for several years and need
some serious calming and continuity therapy. Not ready for something
as boring as the USDJPY or EU.... so I been focusing on and studying
various GU strategies.

Always expecting the unexpected with this pair.

On another note:
Earlier, anyone following his method want to tell me why they didn't
initially take the 1.4265 BUY trade off of Abuawad's 2/18 daily analysis
before going south at 1.4205?

Dr. D.
  • #121,506
  • Feb 18, 2009 11:06am Feb 18, 2009 11:06am
Quoting alexan
Hi All,

i have some question, i live in california, and the recession is very bad, state of california just laid off 22,000 their employee and a lot from private sector too, so what will happen if the next event about unemployment claim from US is greater than 620K, is the GBP going to north?, but i heard that now the GBP is tied to USD. so any opinion from economic expert here

thanks
Alexander
if we all knew this then trading would be easy...sorry i have no clue..trding news is a sure way to get nailed by the market
  • #121,507
  • Feb 18, 2009 11:08am Feb 18, 2009 11:08am
Quoting nAVIN2007
if we all knew this then trading would be easy...sorry i have no clue..->trding news is a sure way to get nailed by the market<-
Playing the market is almost a sure way to get nailed by the market....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #121,508
  • Feb 18, 2009 11:10am Feb 18, 2009 11:10am
Quoting fourxtrader
EO

Great explanation and clarity. Total logic. I like candle formations
and I love SMA /EMA's. Time to dig back into the archives and read
about your trading system.

I've developed the figurative "Inspector Clouseau" eye twitch, vertigo
and strabismus after trading the GBPJPY for several years and need
some [color=blue][i]serious...
GJ is a beast to trade. I can understand why you've developed the eye twitch.

Candle formations, and ma's are outstanding. I absolutely love them. I wish my thread had more to it, but I'm bogged down too much atm. I do plan on adding to my thread and taking it to the next level.

Cable has the movements you'll be looking for, I'm sure you'll enjoy trading her.
Just digging in the trenches like everyone else!
  • #121,509
  • Feb 18, 2009 11:11am Feb 18, 2009 11:11am
Quoting Magix
Playing the market is almost a sure way to get nailed by the market....

Or a sure way to nail the market. It depends on what you believe to be true.
Just Trade It
  • #121,510
  • Feb 18, 2009 11:12am Feb 18, 2009 11:12am
Quoting Magix
Playing the market is almost a sure way to get nailed by the market....

i do disagree...i think u can certainly get to a place where u can be profitable, it just doesnt happen over night..

i was looking at my journal earlier and i actually felt sick to the pit of stomach, looking at the decision i made back then..all i can say is i must have improved to be feeling like this and thats always a postive sign

be positive bro..otherwise the market has beat u b4 u even place the trade
  • #121,511
  • Feb 18, 2009 11:13am Feb 18, 2009 11:13am
Anyone favoring a break up? Dow diverging to the upside, dollar index diverging to the downside and the 4H G/U is diverging north off the 4100 level.
  • #121,512
  • Feb 18, 2009 11:16am Feb 18, 2009 11:16am
Hey Buddy,

Just a quick "hello" to you & Eo & crew.
How've you been?

I've been off trading, except for (1) paper
trade i threw out (6) days ago, for a "short",
on what 'see as a H&S to the downside on '3hr,
and Day chart, that's just dying to pop south.

-I've held short @1.4208 for six days now!!!
Ahh the life of a paper trader!!!
'Been too busy taking care of parents,
and family to throw real jack $$ at this mkt.
-Thank goodness the way it's looked!!!

How's the new home? Hope all's well Nav,

Jeff !
I will work to Objectively Identify my Edges
  • #121,513
  • Feb 18, 2009 11:17am Feb 18, 2009 11:17am
I think if unemployment increased, indicate that economic/industry growth decreased --> USD decreased in the market --> USD goes stronger --> GU go south.
During Global Ression, people who live out of USA including me choose to safe their money in USD, because more believable than Poundsterling.
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #121,514
  • Feb 18, 2009 11:17am Feb 18, 2009 11:17am
Quoting jack.canadia
Anyone favoring a break up? Dow diverging to the upside, dollar index diverging to the downside and the 4H G/U is diverging north off the 4100 level.
You know I am, but she's gotta pick up some more riders first. Their getting ready to jump on the bus in about 13m.
Just digging in the trenches like everyone else!
  • #121,515
  • Feb 18, 2009 11:19am Feb 18, 2009 11:19am
Quoting TerpFan2
Hey Buddy,

Just a quick "hello" to you & Eo & crew.
How've you been?

I've been off trading, except for (1) paper
trade i threw out (6) days ago, for a "short",
on what 'see as a H&S to the downside on '3hr,
and Day chart, that's just dying to pop south.

-I've held short @1.4208 for six days now!!!
Ahh the life of a paper trader!!!
'Been too busy taking care of parents,
and family to throw real jack $$ at this mkt.
-Thank goodness the way it's looked!!!

How's the new home? Hope all's well Nav,

Jeff !
Good to see you Jeff! Take care of your family first and foremost. The market will be here ready to pay you when you come back.
Just digging in the trenches like everyone else!
  • #121,516
  • Feb 18, 2009 11:20am Feb 18, 2009 11:20am
Haaa Navin...

6 day's and i'm break even or in a profit @1.4208.
!

N.Y. Sure doesn't buy the Obama hype / Pork Sandwich
spending bill!!!
Dow ain't pushing G.U. up that's for sure.

-Jeff
I will work to Objectively Identify my Edges
  • #121,517
  • Feb 18, 2009 11:20am Feb 18, 2009 11:20am
Thankful for hedging availability on account...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #121,518
  • Feb 18, 2009 11:21am Feb 18, 2009 11:21am
Quoting manize
I think if unemployment increased, indicate that economic/industry growth decreased --> USD decreased in the market --> USD goes stronger --> GU go south.
During Global Ression, people who live out of USA including me choose to safe their money in USD, because more believable than Poundsterling.
Risk Aversion!!!

I think it will come to an end someday though. I believe the USD will loose it's status as the world's reserve currency, someday. But for now, it holds the title.
Just digging in the trenches like everyone else!
  • #121,519
  • Feb 18, 2009 11:22am Feb 18, 2009 11:22am
Quoting Magix
Thankful for hedging availability on account...
what are you doing hedging a position?

If you want to talk to someone who can tell you the pain of a hedge, just ask our resident navin. He'll fill you in.
Just digging in the trenches like everyone else!
  • #121,520
  • Feb 18, 2009 11:24am Feb 18, 2009 11:24am
Quoting TerpFan2
Hey Buddy,

Just a quick "hello" to you & Eo & crew.
How've you been?

I've been off trading, except for (1) paper
trade i threw out (6) days ago, for a "short",
on what 'see as a H&S to the downside on '3hr,
and Day chart, that's just dying to pop south.

-I've held short @1.4208 for six days now!!!
Ahh the life of a paper trader!!!
'Been too busy taking care of parents,
and family to throw real jack $$ at this mkt.
-Thank goodness the way it's looked!!!

How's the new home? Hope all's well Nav,

Jeff !

hey bud,
im good bro! loving the new home, its great..good to see u still here and not losing cash, paper traing is good at least we can develop a system which we can rely on..

keep it up bro..stay blessed

im trying my luck here on a 5 minute chart...lol
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