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Cable Update (GBPUSD)

  • #198,321
  • Feb 5, 2010 6:20am Feb 5, 2010 6:20am
Quoting omiunu
u still standing by your long? Or uve changed ur mind
got out 5726 good +40
  • #198,322
  • Feb 5, 2010 6:41am Feb 5, 2010 6:41am
Quoting Touchdown
More jobs lost than expected, but unemployment rate drops due to discouraged workers and thats good news?? I don't get it. Theres nothing good about this report.

Just remember it's all about perception and expectation...
and the players emotions that drive the price action...
rather than hard facts of data or events. Leave that to the
talking heads.

Here's a good basic article that explains the movements and
what drives the currency market.

http://www.dailymarkets.com/forex/fo...t-moves-forex/

Dr. D.
  • #198,323
  • Feb 5, 2010 6:47am Feb 5, 2010 6:47am
Quoting AmeriTrini
are you an idiot?
lie data or not this is pure manipulation number... -20 K is a wise number...,or "peace" number for all side (country) (all side, except trader )..., good for US but not kick the GBP (and other country) right in the face also.,,
who expect 10 K? sure traders..., for what?? move the market...
this number also give a explanation why yesterday GBP stay cool in interest rate...,cos they already make a 'deal' to set up this all number.,and wish market not to get panic.., and i think they succeed...

good goverment...,


dollar will get stronger (in smoothly) ....,but before that let 'long' First...,
I will be the number one Manager.
  • #198,324
  • Feb 5, 2010 6:51am Feb 5, 2010 6:51am
How far down can this go? Is it headed for the slope or what?
  • #198,325
  • Feb 5, 2010 6:51am Feb 5, 2010 6:51am
Quoting fourxtrader
Just remember it's all about perception and expectation...
and the players emotions that drive the price action...
rather than hard facts of data or events. Leave that to the
talking heads.

Here's a good basic article that explains the movements and
what drives in the currency market.

http://www.dailymarkets.com/forex/fo...t-moves-forex/

[i][color=blue]Dr....
We as retail traders sometimes fail to remember that all the players in the market have very different agendas, you also have option players with options worth billions of dollars , the sellers of the options want them to expire worthless and will use their capital to try and make them expire worthless, the buyers of the options want them to expire in the money so they get paid and also use their capital to influnce price, this is a high priced chess game folks news anncs just add to the drama, all we can do is hitch a ride on the coattails of the big boys , picking the side that is winning is our task
  • #198,326
  • Feb 5, 2010 7:00am Feb 5, 2010 7:00am
Quoting mjay
How far down can this go? Is it headed for the slope or what?
Quoting Magix
Though nothing is a surety, having an educated guess never hurts. I have scalped the longs up and the shorts down and am still looking for a better position on the short side of things.

1.6 would be good, but might limit the fall. If we have a full fill back to the 1.6080 area on the chart, this makes for a better and altogether greater chance at lower lows.

Hovering in this area, well, some money to be made, but lets see the back fill and move on into some serious long term money. 1.5726 first target, 1.5358 second target.
http://www.forexfactory.com/showpost...stcount=197802

Charts from a few days ago....Just an idea.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #198,327
  • Feb 5, 2010 7:02am Feb 5, 2010 7:02am
magix I hope you are still holding some of those shorts you had, I just had some close at my quarterly S1 , do have a few tgts below yet tho
  • #198,328
  • Feb 5, 2010 7:03am Feb 5, 2010 7:03am
Quoting digger1
magix I hope you are still holding some of those shorts you had, I just had some close at my quarterly S1 , do have a few tgts below yet tho
Closed off 1200 while I slept, just took 60 on another short.

Think I am done for the week, but whatta fantastic week it was.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #198,329
  • Feb 5, 2010 7:05am Feb 5, 2010 7:05am
Quoting Magix
Closed off 1200 while I slept, just took 60 on another short.

Think I am done for the week, but whatta fantastic week it was.
great man makes the weekend very enjoyable
  • #198,330
  • Feb 5, 2010 7:09am Feb 5, 2010 7:09am
Quoting digger1
We as retail traders sometimes fail to remember that all the players in the market have very different agendas, you also have option players with options worth billions of dollars , the sellers of the options want them to expire worthless and will use their capital to try and make them expire worthless, the buyers of the options want them to expire in the money so they get paid and also use their capital to influnce price, this is a high priced chess game folks news anncs just add to the drama, all we can do is hitch a ride on the coattails of the...
i'm agree...,this is a chess game..,
I will be the number one Manager.
  • #198,331
  • Feb 5, 2010 7:16am Feb 5, 2010 7:16am
Quoting Jemmy
White : Bear
Black : Bull
1. e4 e5
2. Nf3 Nc6
3. Bb5 Nge7
4. c3 d6
5. d4 Bd7
6. 0-0 Ng6
7. Ng5 h6
8. Nxf7 Kxf7
9. Bc4+ Ke7
10. Qh5+ Qe8
11. Qg5+ hxg5
12. Bxg5++ 1-0
CHECKMATE !
Patience + Discipline =
  • #198,332
  • Feb 5, 2010 7:34am Feb 5, 2010 7:34am
Quoting Magix
Closed off 1200 while I slept, just took 60 on another short.

Think I am done for the week, but whatta fantastic week it was.
I envy u guys...when am I gonna be able to make such kool pips? lol
  • #198,333
  • Feb 5, 2010 7:44am Feb 5, 2010 7:44am
Quoting Magix
Closed off 1200 while I slept, just took 60 on another short.

Think I am done for the week, but whatta fantastic week it was.
that's very-very good pips...,

BTW how many OP did you have for get all pips magix? in G/U or other pairs also?

keep it going (each week and you will be able to built a hotel in Hawai soon), hope all the best for you?
I will be the number one Manager.
  • #198,334
  • Feb 5, 2010 7:49am Feb 5, 2010 7:49am
I dedicate this song for everyone was keep telling us last months about recovery
Inserted Video

Enjoy
  • #198,335
  • Feb 5, 2010 7:49am Feb 5, 2010 7:49am
Quoting javapips
that's very-very good pips...,

BTW how many OP did you have for get all pips magix? in G/U or other pairs also?

keep it going (each week and you will be able to built a hotel in Hawai soon), hope all the best for you?
It was the 2x2 lots that closed for 300 each.
http://www.forexfactory.com/showpost...stcount=198116

The ones from above link.

These were the mains, plus a few little ones along the way.

I only play cable. I am not good or smart enough to tangle with others.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #198,336
  • Feb 5, 2010 7:53am Feb 5, 2010 7:53am
Quoting mjay
I envy u guys...when am I gonna be able to make such kool pips? lol
pactice , practice, practice. Here is a simple chart that can give you some good trades every week. It is very simple , a decent starting point or a good reference point if you already have some things that are working, I take a look at it several times a day
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.jpg Size: 161 KB
  • #198,337
  • Feb 5, 2010 7:57am Feb 5, 2010 7:57am
Quoting egkid
Still have 1.6260 and 1.6385
Positions still in play over 750 ++
Positions still in play
Over >> 1300 ++ pip
  • #198,338
  • Feb 5, 2010 8:19am Feb 5, 2010 8:19am
Wow, you guys have had a killer week. Many, many congrats. I am a newbie and I have been shorting the Cable for the most part this week
(+245 pips).

Currently short from 5647 and 5575 appears to be the next target/resistance. Not sure if it hits today or Monday.
  • #198,339
  • Feb 5, 2010 8:23am Feb 5, 2010 8:23am
At last we have (HAD) totally spiffying trends we can play for more than a few nano seconds

Being Friday I will be closing my euro shorts soon - cable shorts closed already

The market does its thing and makes up reasons afterwards..

example :

Shareholder: Mr Broker, why have my shares gone down ?

Broker: The Russians have crossed the Bosphorus


Next day..

Shareholder: Mr Broker, my shares have gone up - did the Russians go back across the Bosphorus ?
  • #198,340
  • Feb 5, 2010 9:15am Feb 5, 2010 9:15am
The leg down from 2.0 to 1.36 equals 64 cents
which is 32% of it's value.
32% of 1.68 is a loss of 53 cents
so this second wave may bring GU to 1.10
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