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Cable Update (GBPUSD)

  • #210,061
  • Mar 25, 2010 7:37am Mar 25, 2010 7:37am
Quoting RChio
Is this a known fact or in a news somewhere...

Cheers,
R

Known fact. Census happens every 10 years and takes a lot of men power. obamarama has been talking about getting people in early.
  • #210,062
  • Mar 25, 2010 7:37am Mar 25, 2010 7:37am
Looks like back to technicals... it should go up a few pips now as you may see people start taking their profits from the shorts..
  • #210,063
  • Mar 25, 2010 7:42am Mar 25, 2010 7:42am
Quoting RChio
Looks like back to technicals... it should go up a few pips now as you may see people start taking their profits from the shorts..
what shorts, we only fell 30 pips, dont think most people will be pulling after less than 30 pips...

We need to have a break down though or we will start ranging until london close...

Cloggs, do tbills affect forex directly as it is basically buying of that currency???

Edit, reading my post it sounds kinda angry ;-) dont wana sound like that, sorry R
@pawpaw1000 on Twitter
  • #210,064
  • Mar 25, 2010 7:43am Mar 25, 2010 7:43am
Quoting cloggie
I pulled it at a small profit, saw the change in the MA's and was anticipating a good jobs number from the US.

Good work, profit is profit!

I think the last chance for the long is around 14911 area as this is my 61.8% of the move up on the 15M, that goes and I doubt we will be breaking the high of today.

Looking at my hourly chart does seem to indicate south (50% hit off the 15106 high to the low of 14851) not sure about those fibs though, I may have them in the wrong place, but it did seem to interact nicely with my 50, other than the news spike this morning.
  • #210,065
  • Mar 25, 2010 7:43am Mar 25, 2010 7:43am
Quoting samdani786
Should go down
please give name if it is not GU chart...,i was shock see your H1 chart different from mine...,thanks you...
I will be the number one Manager.
  • #210,066
  • Mar 25, 2010 7:44am Mar 25, 2010 7:44am
Quoting cloggie
News was good for the US, let's see if the market reacts or was it already priced in?
cloggie, can we usually say:

good unempl. numbers=risk appetite=weaker $ ?
  • #210,067
  • Mar 25, 2010 7:45am Mar 25, 2010 7:45am
Quoting pawpaw1000
dont think most people will be pulling after less than 30 pips...
R
closed 50....
  • #210,068
  • Mar 25, 2010 7:48am Mar 25, 2010 7:48am
Quoting pawpaw1000
what shorts, we only fell 30 pips, dont think most people will be pulling after less than 30 pips...

We need to have a break down though or we will start ranging until london close...

Cloggs, do tbills affect forex directly as it is basically buying of that currency???

Edit, reading my post it sounds kinda angry ;-) dont wana sound like that, sorry R
Well, dunno about you but I scalp that trip down multiple times... surely there are others who only want 30 pips and call it a day... I did know a dude who makes a good living off 10 pips a day... but trades 50 lot sizes...

Any who, like I said, a few pips up... got myself 5 pips and done for now till after Bernie speaks..

Cheers mate..
R
  • #210,069
  • Mar 25, 2010 7:52am Mar 25, 2010 7:52am
Quoting RChio
Well, dunno about you but I scalp that trip down multiple times... surely there are others who only want 30 pips and call it a day... I did know a dude who makes a good living off 10 pips a day... but trades 50 lot sizes...

Any who, like I said, a few pips up... got myself 5 pips and done for now till after Bernie speaks..

Cheers mate..
R
oh, so you reckon some of the market movers trade like that?

Sorry, I was under the impression they trade longer term...

well done with the scalps though, I was looking for a short all day and finally got in below 50 as I felt safe... Hoping I made a good decision.

Thanks for the lesson btw

Gl
@pawpaw1000 on Twitter
  • #210,070
  • Mar 25, 2010 7:52am Mar 25, 2010 7:52am
Quoting dag777
cloggie, can we usually say:

good unempl. numbers=risk appetite=weaker $ ?

Simply: good numbers means more people at work being more productive generating more tax and costing less in benefits means less borrowing means more confidence in recovery means stronger dollar.

You can write volumes about the effect of employment on currency
  • #210,071
  • Mar 25, 2010 7:52am Mar 25, 2010 7:52am
Quoting Temps
closed 50....
Hi Temps...

by 50 ... do you mean lots?

Cheers,
R
  • #210,072
  • Mar 25, 2010 7:58am Mar 25, 2010 7:58am
Quoting RChio
Hi Temps...

by 50 ... do you mean lots?

Cheers,
R
sorry pips .....

done till tomorrow... gl
  • #210,073
  • Mar 25, 2010 7:59am Mar 25, 2010 7:59am
Quoting javapips
please give name if it is not GU chart...,i was shock see your H1 chart different from mine...,thanks you...
If you look in the Title line , you will see the name of the pair.
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #210,074
  • Mar 25, 2010 7:59am Mar 25, 2010 7:59am
aaah... g2g again.

Hoping my short holds!

cloggs, good luck! btw, wheres bbakker today? He working?!?!?!?

surely not

see in 45min
@pawpaw1000 on Twitter
  • #210,075
  • Mar 25, 2010 8:06am Mar 25, 2010 8:06am
Quoting cloggie
Simply: good numbers means more people at work being more productive generating more tax and costing less in benefits means less borrowing means more confidence in recovery means stronger dollar.

You can write volumes about the effect of employment on currency
Cloggs.. you are damn good at this mate... I was thinking exactly the same thing but only learnt to think like this a few weeks ago.

Cheers... and keep up the posting mate... I'm learning!

R
  • #210,076
  • Mar 25, 2010 8:09am Mar 25, 2010 8:09am
Oil and Gold moving up.
  • #210,077
  • Mar 25, 2010 8:10am Mar 25, 2010 8:10am
GU really wants to go up..
  • #210,078
  • Mar 25, 2010 8:10am Mar 25, 2010 8:10am
Quoting quantts
I meant to say that I am long and will sell at either 15065 or 14915.
I did not say buy at 14915.... but SL at 14915.
THIS close to getting executed at stop, but still in.

Cheers
Stop loss was executed. Realised loss 60 pips.

Good luck,
  • #210,079
  • Mar 25, 2010 8:11am Mar 25, 2010 8:11am
just found out i cant enter the yen thread coz no voucher..so i decided to be more usefull to the ovell ff cause
ii also closed my short, got stopped actually for some profit, also holding usdjpy long, seems to be gaining strength..eurgbp going south, so maybe better to short eurusd, as gbp is relatively stronger it seems to me
  • #210,080
  • Mar 25, 2010 8:12am Mar 25, 2010 8:12am
Quoting pawpaw1000
oh, so you reckon some of the market movers trade like that?

Sorry, I was under the impression they trade longer term...

well done with the scalps though, I was looking for a short all day and finally got in below 50 as I felt safe... Hoping I made a good decision.

Thanks for the lesson btw

Gl
Nah... not talking about the market movers i.e. big boys - banks, funds etc... I'm talking about the market movers as in those who manage their own funds... they still place large orders but smaller profit targets cause they only need money to live "comfortably".... like me...

I trade similar and take a few pips of profit at a time... it's my personality I suppose... but at the end of the day I can get around 50-60 pips on average sometimes 2 to 3 times that...

I was surprised that a guy I know who makes around 2mill a year trades only 10 pips a day cause he gets nervous after that... guess that's his personality... 10 pips a day over a year is alot specially at 50 sizes a hit.

Any hoo, good luck with your shorts...

Cheers,
R
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