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Cable Update (GBPUSD)

  • #163,361
  • Sep 4, 2009 2:03am Sep 4, 2009 2:03am
Quoting bbmac
Here is my forecast about where this pairing will go next: I HAVE NO IDEA WHATSOEVER. (and by the way, nor does anyone else.) Good job that I don't need to have any idea, I just need to know where the potential support/resistance/sbr/rbs is, what the overall price action-peak/valley analysis trehnd is on the t/f's I look at, and then act at one of the repeating set-ups I look for at such areas, within the context of overall price action conditions.

It amuses me always that folk agonise/debate/argue over future price direction, it is futile...
people will always be people, tell someone its impossible, they will say it possible..nature at it best...to truelly see what we are seeing is simply not easy....

proof: how many times to people fall in love with the wrong person, having rose tinted glasses.....and cannot see what every1 else is telling them..

strength of the dollar is unknown for time being...this aint going nowhere soon
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  • #163,362
  • Sep 4, 2009 2:04am Sep 4, 2009 2:04am
Quoting onios32
guys its either northeast or southeast..whererever she goes we jus follow..my speculation is that it goes northeast as crude oil is low back n nfp forecast bad..speculation only..
my r1 at 6400,,lets walk up..hehe..market is open in london redi.
Play it HarD*
  • #163,363
  • Sep 4, 2009 2:05am Sep 4, 2009 2:05am
0658 GMT [Dow Jones] As is usual on the night before payrolls the FX majors kept to tight ranges with no clear directional plays. Stocks were mixed with the Dow ending up 0.7%, the Nikkei slipping 0.3% and so far the Shanghai Composite is around 0.6% higher. Looking at the individual currencies EUR/USD ran into a brick wall ahead of 1.44 Thursday, failing to garner any support from a moderate upgrade in growth forecasts after ECB president Trichet made it very clear that he remained cautious on signs of recovery. GBP/USD likewise ran out of steam at 1.64 while USD/JPY found good bids at 92.00. For Friday it's all about payrolls so until the 1230 GMT release it looks like another rangebound session. (GST)

Yesterday's pullback lows and then the asian/overnight session low is at 6304 area, the 61.8% of yesterday's rise 6234-6412.

G/L
ex member
  • #163,364
  • Sep 4, 2009 2:05am Sep 4, 2009 2:05am
Quoting nAVIN2007
people will always be people, tell someone its impossible, they will say it possible..nature at it best...to truelly see what we are seeing is simply not easy....

proof: how many times to people fall in love with the wrong person, having rose tinted glasses.....and cannot see what every1 else is telling them..

Too many buddy.......too many...lol

But I know EXACTLY where it's going. Up AND down and I'll make pips on both...
Ghost Rider - WWTBMD?
  • #163,365
  • Sep 4, 2009 2:06am Sep 4, 2009 2:06am
Quoting nAVIN2007
people will always be people, tell someone its impossible, they will say it possible..nature at it best...to truelly see what we are seeing is simply not easy....

proof: how many times to people fall in love with the wrong person, having rose tinted glasses.....and cannot see what every1 else is telling them..
hi navin..tats a nice quote from you about rose tinnted glass..ur forex trader or literature reader.. good one bro..
Play it HarD*
  • #163,366
  • Sep 4, 2009 2:08am Sep 4, 2009 2:08am
Quoting bbmac
[b][i]0658 GMT...
hi bbmac..can you let us know from wer u pull this news?? worth of sharing..thanks in advance..
Play it HarD*
  • #163,367
  • Sep 4, 2009 2:10am Sep 4, 2009 2:10am
Quoting onios32
hi navin..tats a nice quote from you about rose tinnted glass..ur forex trader or literature reader.. good one bro..
  • #163,368
  • Sep 4, 2009 2:11am Sep 4, 2009 2:11am
Thank You
  • #163,369
  • Sep 4, 2009 2:11am Sep 4, 2009 2:11am
Quoting bbmac
Here is my forecast about where this pairing will go next: I HAVE NO IDEA WHATSOEVER. (and by the way, nor does anyone else.) Good job that I don't need to have any idea, I just need to know where the potential support/resistance/sbr/rbs is, what the overall price action-peak/valley analysis trehnd is on the t/f's I look at, and then act at one of the repeating set-ups I look for at such areas, within the context of overall price action conditions.

It amuses me always that folk agonise/debate/argue over future price direction, it is futile...
good idea bbmac
thanks
  • #163,370
  • Sep 4, 2009 2:12am Sep 4, 2009 2:12am
Quoting albchr
Too many buddy.......too many...lol

But I know EXACTLY where it's going. Up AND down and I'll make pips on both...

i wont lie.....look like this is what trading is all about...
  • #163,371
  • Sep 4, 2009 2:13am Sep 4, 2009 2:13am
was a bit quite here
welcome wb:-)
  • #163,372
  • Sep 4, 2009 2:14am Sep 4, 2009 2:14am
Quoting onios32
hi bbmac..can you let us know from wer u pull this news?? worth of sharing..thanks in advance..
All or some of the afx/thompson, dowjones, & market new international [mni] bulletins are available in some broker newsfeeds - like fxsol/acm/cmc/saxo etc...or you can subscribe direct to each news service vendor.

G/L
ex member
  • #163,373
  • Sep 4, 2009 2:15am Sep 4, 2009 2:15am
Quoting riko2705
was a bit quite here
welcome wb:-)
pre nfp does that to the market & it's participants
hehe. how's it going?
Thank You
  • #163,374
  • Sep 4, 2009 2:19am Sep 4, 2009 2:19am
Quoting wormboy
Right with ya buddy....
Ghost Rider - WWTBMD?
  • #163,375
  • Sep 4, 2009 2:19am Sep 4, 2009 2:19am
Quoting wormboy
pre nfp does that to the market & it's participants
hehe. how's it going?
wormie how much time left for nfp ?
  • #163,376
  • Sep 4, 2009 2:22am Sep 4, 2009 2:22am
Navin, great quote earlier! very wise words.

All, I only trade S30 charts, nothing else, and have already made 2,000 pips this morning. You M15, M30, H1, H4, Daily, Weekly chart users will never make money on these t/f. It's impossible!!!!!!!!!
  • #163,377
  • Sep 4, 2009 2:23am Sep 4, 2009 2:23am
Quoting wormboy
pre nfp does that to the market & it's participants
hehe. how's it going?
thanks not bad
ı have hopes at least
  • #163,378
  • Sep 4, 2009 2:24am Sep 4, 2009 2:24am
Quoting gammase1
Navin, great quote earlier! very wise words.

All, I only trade S30 charts, nothing else, and have already made 2,000 pips this morning. You M15, M30, H1, H4, Daily, Weekly chart users will never make money on these t/f. It's impossible!!!!!!!!!
*click*

the worm is not making so much money this week.
Thank You
  • #163,379
  • Sep 4, 2009 2:25am Sep 4, 2009 2:25am
Quoting Faryad
wormie how much time left for nfp ?
bout 5 hours
Thank You
  • #163,380
  • Sep 4, 2009 2:25am Sep 4, 2009 2:25am
Quoting gammase1
Navin, great quote earlier! very wise words.

All, I only trade S30 charts, nothing else, and have already made 2,000 pips this morning. You M15, M30, H1, H4, Daily, Weekly chart users will never make money on these t/f. It's impossible!!!!!!!!!
thanks buddy....i know people hey!

that quote isnt mine thou:- i must have read is somewhere, maybe trading in the zone
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