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Cable Update (GBPUSD)

  • #211,941
  • Mar 31, 2010 5:08am Mar 31, 2010 5:08am
Quoting solrac
Not for me to accuse someone of abusing his position as senior trader , but he know very well we are talking about him,, so he should come out here and say why he wanted bbakker banned today
What makes someone a senior trader? Vouchers? Number of posts? or length of time on board?
******************* I'd rather make money than be right.
  • #211,942
  • Mar 31, 2010 5:09am Mar 31, 2010 5:09am
Quoting solrac
Not for me to accuse someone of abusing his position as senior trader , but he know very well we are talking about him,, so he should come out here and say why he wanted bbakker banned today
I agree. Folks are just too dam touchy IMHO...
Ghost Rider - WWTBMD?
  • #211,943
  • Mar 31, 2010 5:10am Mar 31, 2010 5:10am
Got a feeling the spike up to 1.5180 this morning was in anticipation of bad news. Only four minutes to go until we see the slide down or the rush up.
  • #211,944
  • Mar 31, 2010 5:10am Mar 31, 2010 5:10am
Quoting solrac
Yes ,, he has been sent to the "cooler" . Apparently if you disagree with some guy that is what happens to one ,,,,,, you dont mess with some people here,,,,,,
hey i am innocent, nothing to do with me

i have no idea what happened
  • #211,945
  • Mar 31, 2010 5:11am Mar 31, 2010 5:11am
Quoting 4xStar
What makes someone a senior trader? Vouchers? Number of posts? or length of time on board?
No idea ,,,,,,, You thinkk the news have already been priced on this morning up swing??? Frankfurt tried to push Cable down and failed early today and we had no real news in the UK to justify an upswing of 100+ pips
  • #211,946
  • Mar 31, 2010 5:14am Mar 31, 2010 5:14am
Quoting solrac
No idea ,,,,,,, You thinkk the news have already been priced on this morning up swing??? Frankfurt tried to push Cable down and failed early today and we had no real news in the UK to justify an upswing of 100+ pips
Half the time when news is good for $, the $ goes up .. but the other half it seems to go down even on good news... so no idea how this will affect GU.. seems to have a mind of its own for now
******************* I'd rather make money than be right.
  • #211,947
  • Mar 31, 2010 5:18am Mar 31, 2010 5:18am
Quoting solrac
No idea ,,,,,,, You thinkk the news have already been priced on this morning up swing??? Frankfurt tried to push Cable down and failed early today and we had no real news in the UK to justify an upswing of 100+ pips
actually observe this carefully

whenever cable has to make a move there is always a fakeout on 1 hour bar before it happens

this is the NFP week

you will get the best example during nfp news

cable will give a fake out then move in the direction it intends to move
  • #211,948
  • Mar 31, 2010 5:18am Mar 31, 2010 5:18am
Employment change far below expectations, the cable should rise sharply imho. I go long from 1.5138, goal 1.5196 at least.
  • #211,949
  • Mar 31, 2010 5:20am Mar 31, 2010 5:20am
Oh well..

That's goes my short chance.
Smile Chankl78
  • #211,950
  • Mar 31, 2010 5:22am Mar 31, 2010 5:22am
Still could go long, this is not exact science. LOL

Quoting 4xStar
My 4 hr bar just finished .. wick a bit longer by 3 pips (!) than previous bar but this is a pretty bullish bar .. so still not clear if shorts in danger or not...
  • #211,951
  • Mar 31, 2010 5:24am Mar 31, 2010 5:24am
Quoting forexlion
actually observe this carefully

whenever cable has to make a move there is always a fakeout on 1 hour bar before it happens

this is the NFP week

you will get the best example during nfp news

cable will give a fake out then move in the direction it intends to move
It just happened on the 1m tf.... Who do you think can manipulate the market so easily?? Or is it our trading platforms trying to take the our spread money???? lol
  • #211,952
  • Mar 31, 2010 5:25am Mar 31, 2010 5:25am
Quoting forexlion
actually observe this carefully

whenever cable has to make a move there is always a fakeout on 1 hour bar before it happens

this is the NFP week

you will get the best example during nfp news

cable will give a fake out then move in the direction it intends to move
u referring to this?

There was a 1hr fake breakout of the range we were in before moving up to break out of the range
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 14 KB
  • #211,953
  • Mar 31, 2010 5:30am Mar 31, 2010 5:30am
It's at the critical 400 pips in a week position. My guess it will continue up on poor NFP to 500 pips then retreat. Go long to 1.5260 then short to 1.50 level
  • #211,954
  • Mar 31, 2010 5:30am Mar 31, 2010 5:30am
Quoting Autumm
u referring to this?

There was a 1hr fake breakout of the range we were in before moving up to break out of the range
exactly

you got it correct there
  • #211,955
  • Mar 31, 2010 5:32am Mar 31, 2010 5:32am
Quoting chankl78
Oh well..

That's goes my short chance.
if that 61.8 level holds and which i feel could hold till aussie open tomorrow then there are stil chances of scalping shorts

http://img262.imageshack.us/img262/1043/cable.gif
  • #211,956
  • Mar 31, 2010 5:36am Mar 31, 2010 5:36am
by the way pawpaw1000 is doing a very good job in trading, i appreciate his efforts
  • #211,957
  • Mar 31, 2010 5:45am Mar 31, 2010 5:45am
ADP Non-Farm Employment Change

this came out @ -23K compared to -24K previous and with people expecting 40K is suggesting Obama is pushing for a strong dollar

and if he is really pushing so hard what will be the actual NFP response ?
  • #211,958
  • Mar 31, 2010 5:45am Mar 31, 2010 5:45am
Trader Note: U.S. ADP private sector jobs numbers were negative, at -23K, against the expected +40K read. Initial reaction is weaker equities, and flat forex. EU infaltion has increased, as Unemployment moves to 10%. Global markets have held support, but have not found enough equity or commodity momentum to break resistance. Only Gbp/Usd and Usd/Jpy have been able to squeeze past the previous sessions trading range, and that has not been by much. Short-Usd moves may not be easy to hold until S/P futures markets can close above 1175. There is a huge set of U.S. economic releases to come, and the dollar index components are already showing overbought reads in the near-term. The global markets are absorbing the breakdown in Usd/Equity correlations, and traders need to be aware that equities dropping off resistance will empower Usd buyers.
The lack of speculative interest and low global volume levels are impacting trade patterns; without speculators the volatility is free to build. It may be easier for forex pairs to test support than to break higher against the Usd.
Forex Momentum Times- 8pm, 2-3am, 6-7am ET. Outside of these, look for near-term Swing Point trades. The intra-day 25 pip plays are housed in the Trade Plan and Trade Analysis areas.
  • #211,959
  • Mar 31, 2010 5:58am Mar 31, 2010 5:58am
Quoting javajames
Hi guys,

It seems to me that expressing imperative comments about future bullish or bearish moves is just like saying aloud your wishes....to traders' God.....WHO IS HE ???????

We are currently in a trading range and that's all....

At 8:15 NY time we'll have US ADP NFP release, which is an anticipated private release for official NFP, issued on Friday...

Here is Today' s price mover.... if a surprise will come (40K anticipated) and as usual some get the info in advance......So let's look at PA in next hour....it may tell us sth...
As I said earlier (see above), as usual, it was easy to make green pips waiting for a breakout of the trading range....

Again Big Boyzz know in advance news out to come especially news from private sector.....

So just play with them.....and you'll get your green pips too
Non licet omnibus adire Corinthum
  • #211,960
  • Mar 31, 2010 6:14am Mar 31, 2010 6:14am
There are days when you may trust your systems, indicators, support/resistance levels, stars and planets.....or whatever you like...

And there are days, with important news, when Big Boyzz rule the game:
Interest rate decisions
GDP
CPI
Employment changes
Retail sales

So These days just follow the breakouts about 3/4 hours before the news to come....so easy
Non licet omnibus adire Corinthum
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