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Cable Update (GBPUSD)

  • #206,861
  • Mar 17, 2010 7:36am Mar 17, 2010 7:36am
PPI Negative

expecting a rise in cable but just a trickle of 6-7 pips...
does this signify return of the bears?
  • #206,862
  • Mar 17, 2010 7:37am Mar 17, 2010 7:37am
Actual > Forecast = Good for currency
@pawpaw1000 on Twitter
  • #206,863
  • Mar 17, 2010 7:39am Mar 17, 2010 7:39am
Quoting Clouds
i really wish u the best, but i think u should 'think' you should look at shorting GJ
well, was looking to trade the news but see it hasnt done much. So yes, am thinking of closing but just waiting to see if there isnt some movement in a small while. Got a close s/l
@pawpaw1000 on Twitter
  • #206,864
  • Mar 17, 2010 7:41am Mar 17, 2010 7:41am
Quoting pawpaw1000
well, was looking to trade the news but see it hasnt done much. So yes, am thinking of closing but just waiting to see if there isnt some movement in a small while. Got a close s/l
GJ 139 was a waiting position..... shorting there to 122
  • #206,865
  • Mar 17, 2010 7:42am Mar 17, 2010 7:42am
Bull flag forming on 15 min and 30 min ...
Attached Image (click to enlarge)
Click to Enlarge Name: gy.gif Size: 22 KB
******************* I'd rather make money than be right.
  • #206,866
  • Mar 17, 2010 7:42am Mar 17, 2010 7:42am
Price on the Cable has now traveled up more and hit my 2nd target @ 1.5343. Was currently Long from 1.5059.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-4h.jpg Size: 134 KB
  • #206,867
  • Mar 17, 2010 7:43am Mar 17, 2010 7:43am
Quoting pawpaw1000
well, was looking to trade the news but see it hasnt done much. So yes, am thinking of closing but just waiting to see if there isnt some movement in a small while. Got a close s/l

If I were you, would wait for the 4h pin to close before making any decision.
Just my 2pips.

Kind regards
Mkashif
  • #206,868
  • Mar 17, 2010 7:45am Mar 17, 2010 7:45am
Quoting pawpaw1000
Actual > Forecast = Good for currency
Inflation is good up to a point, stagflation is not so good. See it how you will.

P.S. I closed my long.
  • #206,869
  • Mar 17, 2010 7:47am Mar 17, 2010 7:47am
Short on gu for a scalp . Target .5260
  • #206,870
  • Mar 17, 2010 7:49am Mar 17, 2010 7:49am
closed out with 5 pip loss...

Lets quickly take a look at this, news comes out, not brilliant for dollar and price doesnt really move? are the bears letting go or just hibernating for a while?>>?
@pawpaw1000 on Twitter
  • #206,871
  • Mar 17, 2010 7:50am Mar 17, 2010 7:50am
Quoting mwafrika
Sorry to bother y'all but what time is the new London Open and New york open in GMT?



London Open 800 GMT
New York Open 1200 GMT

Forex Trading is over-the-counter. So, the Daylight Saving Time, which is currently -1 hour in America, does not appear to affect the above opening hours
  • #206,872
  • Mar 17, 2010 7:50am Mar 17, 2010 7:50am
Quoting bbakker
Inflation is good up to a point, stagflation is not so good. See it how you will.
mmmm but the news released of USA PPI is now running at a higher deflationary rate ,, -0.6%, therefore one would have thought that there is a !higher risk " of deflation built in there ,, Yet cable is making dollar stronger since the news . Any senior thoughts on this???
Carlos
  • #206,873
  • Mar 17, 2010 7:58am Mar 17, 2010 7:58am
u can just feel this thing is going to take off look at the Big green 4 hrl
  • #206,874
  • Mar 17, 2010 8:02am Mar 17, 2010 8:02am
her she goes GO pound$$
  • #206,875
  • Mar 17, 2010 8:03am Mar 17, 2010 8:03am
Quoting Forexfsa
u can just feel this thing is going to take off look at the Big green 4 hrl
Im glad at least someone can see it, all I can read here is people shorting this
  • #206,876
  • Mar 17, 2010 8:05am Mar 17, 2010 8:05am
Quoting PipLand
Im glad at least someone can see it, all I can read here is people shorting this
I pointed out the rather obvious bull flags on multiple timeframes about 20 min ago, good entry for a long. But would not be doing more than scalping here, direction is still unclear in the longer term IMO.
******************* I'd rather make money than be right.
  • #206,877
  • Mar 17, 2010 8:08am Mar 17, 2010 8:08am
Quoting Forexfsa
u can just feel this thing is going to take off look at the Big green 4 hrl
can you post the chart....i dont see any upward pressure....but the current 4h bar still has to close.

Kind regards
Mkashif
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd17mar2010.gif Size: 12 KB
  • #206,878
  • Mar 17, 2010 8:09am Mar 17, 2010 8:09am
Quoting 4xStar
I pointed out the rather obvious bull flags on multiple timeframes about 20 min ago, good entry for a long. But would not be doing more than scalping here, direction is still unclear in the longer term IMO.
sorry with the exception of a few I get the impression most people are shorting now. I only quickly scanne dover the posts
  • #206,879
  • Mar 17, 2010 8:11am Mar 17, 2010 8:11am
Quoting solrac
mmmm but the news released of USA PPI is now running at a higher deflationary rate ,, -0.6%, therefore one would have thought that there is a !higher risk " of deflation built in there ,, Yet cable is making dollar stronger since the news . Any senior thoughts on this???
Carlos
To be honest, in my eyes this news has done sweet FA. If you wanted action on news, you had to be here this morning or when the NFP comes out. I am in for the retrace to 15170.

I must stress, remember I am the chaff (newbie) and my positions are VERY small. I am playing at the moment, finding my feet and trying to find MY strategies. I post on here because it is an outlet, as apart from my wife, no one else knows I am doing this as yet, because they will think that I am mad.

I have a long way to go, many things to learn and finding my strategies. I am playing with $ I can afford to lose.

Expect the unexpected, don't lose any sleep over it and have fun whilst doing it. If it is pulling your hair out maybe this is not the game for you. Happy pipping.
  • #206,880
  • Mar 17, 2010 8:12am Mar 17, 2010 8:12am
Quoting Bydyke
London Open 800 GMT
New York Open 1200 GMT

Forex Trading is over-the-counter. So, the Daylight Saving Time, which is currently -1 hour in America, does not appear to affect the above opening hours
Thanks.
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