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Cable Update (GBPUSD)

  • #149,941
  • Jul 23, 2009 7:00am Jul 23, 2009 7:00am
Quoting UncleSam123
Unemployment Claims will be bad 4 the dollar?
Not necessarily - if they are less than 550k its good for dollar.
  • #149,942
  • Jul 23, 2009 7:01am Jul 23, 2009 7:01am
It was pretty much predicatibile, i sold it last night untill the central pivot @ 6435(i even over leveraged as i was sure it would go untill there) and it bounced there nicely(i didn`t take the trade as it was already 4 A.M here and i`m sorry i didn`t but hey)

It got rejected before reaching R1 @ 6561 but unless we get some bad news there is no reason to short/hedge.

It`s going harder becouse there are a lot of people trying to short it arround here, and the big guys might even let them think it`s time to short.... to get a better price for a long.

Keep an eye on the news... AND on the S&P, if it make a push north and goes through the rezistance it`s bye bye shorts becouse we are at the highest point sice november....
  • #149,943
  • Jul 23, 2009 7:04am Jul 23, 2009 7:04am
Quoting stewrigh
Not necessarily - if they are less than 550k its good for dollar.
Yes but think about this: good for the dollar now means good for the world becouse it shows the economy is going back up... and so on, so if those claims are good, you might get cabble going higher...

Just a heads up... think about all the money waiting on the sidelines for good news that the recession is over... every good news we get makes investors willing to risk more and more...
  • #149,944
  • Jul 23, 2009 7:07am Jul 23, 2009 7:07am
Quoting alexandru987
Yes but think about this: good for the dollar now means good for the world becouse it shows the economy is going back up... and so on, so if those claims are good, you might get cabble going higher...

Just a heads up... think about all the money waiting on the sidelines for good news that the recession is over... every good news we get makes investors willing to risk more and more...

Thats why I ignore the news - lol.
  • #149,945
  • Jul 23, 2009 7:07am Jul 23, 2009 7:07am
http://www.dukascopy.com/swiss/engli...tch/sentiment/

You want to look at the consumers.

http://www.dukascopy.com/freeApplets/sentiment/?type=1
http://www.dukascopy.com/freeApplets/sentiment/?type=2
  • #149,946
  • Jul 23, 2009 7:10am Jul 23, 2009 7:10am
EDIT: Sorry didn`t see the second picture(it didn`t update)
  • #149,947
  • Jul 23, 2009 7:11am Jul 23, 2009 7:11am
Quoting stewrigh
Not necessarily - if they are less than 550k its good for dollar.
dude it has 2 be worse than expected, so the buck can go up. Havent u learned this all of this last year.
  • #149,948
  • Jul 23, 2009 7:11am Jul 23, 2009 7:11am
Quoting stewrigh
Not necessarily - if they are less than 550k its good for dollar.

These days, anything can happen, a good number can cause more RISK appetite making the GU to go up. Bad number can cause Risk aversion and GU will go down.
  • #149,949
  • Jul 23, 2009 7:11am Jul 23, 2009 7:11am
Quoting UncleSam123
Unemployment Claims will be bad 4 the dollar?
dont trade the news if you are not really clear about them, sometime it shows good for dollars but the pairs not going down b/c stock moves up bring these pairs up also.
you will see at existing home sales sometime.

good luck.
  • #149,950
  • Jul 23, 2009 7:13am Jul 23, 2009 7:13am
Quoting stewrigh
Thats why I ignore the news - lol.
Good news, bad news, I don't give a hoot and wouldn't understand it all if I did. Just show me some darn PA to trade...LOL

This being stuck dead between two S/R points is BORING.....

I got into this game because I thought the markets always traded and therefore always moved. So much to learn still....LOL
Ghost Rider - WWTBMD?
  • #149,951
  • Jul 23, 2009 7:16am Jul 23, 2009 7:16am
Quoting alexandru987
EDIT: Sorry didn`t see the second picture(it didn`t update)
The yens are quite interesting on it. Never used it as a confirmation but it'll be interesting to see where they head in the next 6hours 12 hours 24hours.

A smallish head and shoulders on GJ (5minute).

With news out it's anyones game. I thinking spike to 16550/mondays high, shorts pile onto drag it to the 20's.

Or it hits 16495 or the recent low then spikes. I'd prefer it high though.

Going ot stick some limits on EJ at 13395 incase of a spike through the support during news.
  • #149,952
  • Jul 23, 2009 7:18am Jul 23, 2009 7:18am
Quoting KillPhil08
http://www.dukascopy.com/swiss/engli...tch/sentiment/

You want to look at the consumers.

http://www.dukascopy.com/freeApplets/sentiment/?type=1
http://www.dukascopy.com/freeApplets/sentiment/?type=2

CAn u Explain this relation???Which one to refer Consumer or Provider??
  • #149,953
  • Jul 23, 2009 7:19am Jul 23, 2009 7:19am
Quoting amis0405
CAn u Explain this relation???Which one to refer Consumer or Provider??
Click on the link.
  • #149,954
  • Jul 23, 2009 7:20am Jul 23, 2009 7:20am
Quoting albchr
Good news, bad news, I don't give a hoot and wouldn't understand it all if I did. Just show me some darn PA to trade...LOL

This being stuck dead between two S/R points is BORING.....

I got into this game because I thought the markets always traded and therefore always moved. So much to learn still....LOL
Everyones waiting for the news.
  • #149,955
  • Jul 23, 2009 7:21am Jul 23, 2009 7:21am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Everything is in positive from the last two weeks which also says the trend has changed. We will be making high's very soon. Report should be good for UC.

All major US and europe companies are reporting good earnings not spectacular but profitable. Who knows despite the news good or bad market might go UP.

Next week will be the one to watch anyways for month end, most important, july closure.

ams
  • #149,956
  • Jul 23, 2009 7:23am Jul 23, 2009 7:23am
  •  zykas
  • | Joined Oct 2008 | Status: ... measure thrice, but cut once | 196 Posts
Quoting UncleSam123

...Im trading without stop loss. Im willing to leave this position open and head to bed probably since market is slow.[/



Ya , I felt the same way once and did exactly the same thing , but ended sending more money to my broker after waking up.

Forex?...very funny!
I like the Big Dogs because I trade like them
  • #149,957
  • Jul 23, 2009 7:24am Jul 23, 2009 7:24am
Quoting ams
Everything is in positive from the last two weeks which also says the trend has changed. We will be making high's very soon. Report should be good for UC.

All major US and europe companies are reporting good earnings not spectacular but profitable. Who knows despite the news good or bad market might go UP.

Next week will be the one to watch anyways for month end, most important, july closure.

ams
Good earning ??? Most companies that did earning are Financial linked. Of course their will rise if market rise. But we need companies that make ppl work. Industry and Productions. A country with strong banks and weak industrial output , is doomed to failure. UK is exactly following this path. The Path to disaster.
  • #149,958
  • Jul 23, 2009 7:27am Jul 23, 2009 7:27am
[quote=forexlion;2896562]
Quoting amis0405
yes, United Streets of Amritsar [USA]
Thats good...Am From Goa...
  • #149,959
  • Jul 23, 2009 7:30am Jul 23, 2009 7:30am
Quoting 2be
For me the 1.6556 ask price is all important for the US session. Shorts undreneath it, longs above it. No place for hope when on the wrong side of this level.
Thx for your posts 2BE! This is exactly the price I've got my eyes glued to :nerd:
A pip is only worth it if you know how much you risked to earn it
  • #149,960
  • Jul 23, 2009 7:32am Jul 23, 2009 7:32am
Quoting vlady1974
Thx for your posts 2BE! This is exactly the price I've got my eyes glued to :nerd:

Same here...
Ghost Rider - WWTBMD?
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