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Cable Update (GBPUSD)

  • #135,761
  • Jun 5, 2009 6:01am Jun 5, 2009 6:01am
Trying to break out at 6100 .......hmmm
Let Price determine your future!
  • #135,762
  • Jun 5, 2009 6:10am Jun 5, 2009 6:10am
I believe it will break out of 6100 and sky rocket lol.....
Any clues on the NFP news that coming out in 1.5 h???
  • #135,763
  • Jun 5, 2009 6:10am Jun 5, 2009 6:10am
US Unemployment is forecasted as bad, meaning cable going up - I think this is only temporary pre news release rally up and it will continue down afte the news.

Expecting very volatile sideways area all day long...
  • #135,764
  • Jun 5, 2009 6:13am Jun 5, 2009 6:13am
Quoting pircj
US Unemployment is forecasted as bad, meaning cable going up - I think this is only temporary pre news release rally up and it will continue down afte the news.

Expecting very volatile sideways area all day long...
But on the contrary NFP expected to have a good result.. what will happen next??
  • #135,765
  • Jun 5, 2009 6:16am Jun 5, 2009 6:16am
Quoting mloistianto
But on the contrary NFP expected to have a good result.. what will happen next??
You are right... Contradicting... I think only actuals can tell, forecasts are contradicting?
  • #135,766
  • Jun 5, 2009 6:19am Jun 5, 2009 6:19am
Potential bullish engulfing on 4H.
  • #135,767
  • Jun 5, 2009 6:20am Jun 5, 2009 6:20am
Quoting Thomling
I believe it will break out of 6100 and sky rocket lol.....
Any clues on the NFP news that coming out in 1.5 h???
Hi, what is NFP?
  • #135,768
  • Jun 5, 2009 6:23am Jun 5, 2009 6:23am
Quoting Alado
Hi, what is NFP?
Non Farm employment... BTW in m30 is that a cup waiting a handle to be filled in?? will shoot up once it retrace back.. however, with current US condition will we see the expected result(good)? any opinion?
  • #135,769
  • Jun 5, 2009 6:24am Jun 5, 2009 6:24am
During European session EURO and GBP are expected to make quick drop and rise before NFP data release time and then after very volatile moves, expected to spike up from late European and during US session times.These are expected moves during trend reversal time.
Qucik rises are sell opportunities and quick drops are profit booking opportunities.
  • #135,770
  • Jun 5, 2009 6:27am Jun 5, 2009 6:27am
hope make pips from NFP,

________________________

RSI divergence theory

.
  • #135,771
  • Jun 5, 2009 6:32am Jun 5, 2009 6:32am
whats NFP news ?
  • #135,772
  • Jun 5, 2009 6:37am Jun 5, 2009 6:37am
Quoting Faryad
whats NFP news ?
Non farm employment rate friend..
  • #135,773
  • Jun 5, 2009 6:41am Jun 5, 2009 6:41am
Quoting currencyexch
During European session EURO and GBP are expected to make quick drop and rise before NFP data release time and then after very volatile moves, expected to spike up from late European and during US session times.These are expected moves during trend reversal time.
Qucik rises are sell opportunities and quick drops are profit booking opportunities.
i hope that happened...in fact now it rise up
- Always pray on your trading - God know the best for everyone
  • #135,774
  • Jun 5, 2009 6:42am Jun 5, 2009 6:42am
whats with the possible pin bar on weekly?
  • #135,775
  • Jun 5, 2009 6:45am Jun 5, 2009 6:45am
I'm in short, at the trendline of the 1h h&s, I don't know, should i get out of that trade?
  • #135,776
  • Jun 5, 2009 6:45am Jun 5, 2009 6:45am
Quoting kimchikim
whats with the possible pin bar on weekly?
If it closes this week at pinbar (shooting star), then the reversal is confirmed.
  • #135,777
  • Jun 5, 2009 6:46am Jun 5, 2009 6:46am
Quoting 4cfx
If it closes this week at pinbar (shooting star), then the reversal is confirmed.
reversal to downside ?????
  • #135,778
  • Jun 5, 2009 6:47am Jun 5, 2009 6:47am
I'm long from 6085 for the retrace up to 64 region. It's hit 6148 so let's see if it can be broken. If this breaks, I can see 6250 today.
  • #135,779
  • Jun 5, 2009 6:47am Jun 5, 2009 6:47am
Faryad - look at the this site calender and click on "letter" and read about it. http://www.forexfactory.com/

Tips: Do not trade during this time if you´re not used to it though it will be very volitale.

Any catching some pips????
  • #135,780
  • Jun 5, 2009 7:08am Jun 5, 2009 7:08am
Quoting Thomling
Faryad - look at the this site calender and click on "letter" and read about it. http://www.forexfactory.com/

Tips: Do not trade during this time if you´re not used to it though it will be very volitale.

Any catching some pips????
Well friend i already earn 150 pips today not in a mood to trade any more
well just watching market right know
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