This is probably BS but I got some presumably private info about bad news in UK, during this weekend. Anybody heard these rumors or are rumors relating to currencies common?
Thanks.
Thanks.
- #1
- First Post: Jul 2, 2010 3:47pm Jul 2, 2010 3:47pm
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
- #3
- Jul 3, 2010 3:10am Jul 3, 2010 3:10am
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
Wait, so you got "news" about "news" that is bad for GBP.Probably a short underwater.
?
edit:
you are not being potentially forthcoming about this and seem to be asking, so, hey it's not like we can take trades...
REMINDER US BANK HOLIDAY MONDAY
This is probably BS but I got some presumably private info about bad news in UK, during this weekend. Anybody heard these rumors or are rumors relating to currencies common?
Thanks.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #5
- Edited 5:44am Jul 3, 2010 5:26am | Edited 5:44am
- Joined Mar 2009 | Status: Trader | 1,231 Posts
GBPUSD is retesting an old trend line from the dayly from the bottom.
The following chart is old, but my trading PC is not running at the moment and I am the personified laziness. we have currently reached the exact spot that I had marked in red, almost to the pip exact.
(open your H4 or D1 chart and zoom out/scroll back to see where i might have anchored this line at two lower candle wicks)
A bounce here would not surprise me and without any doubt there will be many people who will find a "news" in hindsight (there are many to chose from every day) that will "explain" an event that was obvious from a technical perspective even to a semi-newbie trader like me already weeks ago. Sometimes I even feel that I have the ability to predict "news" and their timing and impact by just drawing some lines into some charts alone.
I can only shake my head when I constantly read things like "The Euro fell 30 pips on blahblah, Pound gained 40 pips on blahblub" and when I look into the chart I only see it bouncing between range boundaries but some people seem to be obsessed with ending every sentence they write about every price fluctuation with a fictional "reason" for it they have found on google news and the only "connection" to the event is the approximate time it happened. This obsession almost seems to be pathological.
The following chart is old, but my trading PC is not running at the moment and I am the personified laziness. we have currently reached the exact spot that I had marked in red, almost to the pip exact.
(open your H4 or D1 chart and zoom out/scroll back to see where i might have anchored this line at two lower candle wicks)
A bounce here would not surprise me and without any doubt there will be many people who will find a "news" in hindsight (there are many to chose from every day) that will "explain" an event that was obvious from a technical perspective even to a semi-newbie trader like me already weeks ago. Sometimes I even feel that I have the ability to predict "news" and their timing and impact by just drawing some lines into some charts alone.
I can only shake my head when I constantly read things like "The Euro fell 30 pips on blahblah, Pound gained 40 pips on blahblub" and when I look into the chart I only see it bouncing between range boundaries but some people seem to be obsessed with ending every sentence they write about every price fluctuation with a fictional "reason" for it they have found on google news and the only "connection" to the event is the approximate time it happened. This obsession almost seems to be pathological.
- #6
- Jul 3, 2010 5:56am Jul 3, 2010 5:56am
- | Joined Jul 2006 | Status: I'm just saying... | 1,153 Posts
- #7
- Edited 8:44am Jul 3, 2010 8:33am | Edited 8:44am
- | Joined Oct 2009 | Status: Trader | 1,192 Posts
- #9
- Jul 3, 2010 10:57am Jul 3, 2010 10:57am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
- #10
- Jul 3, 2010 10:58am Jul 3, 2010 10:58am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
Probably a short underwater.
?
edit:
you are not being potentially forthcoming about this and seem to be asking, so, hey it's not like we can take trades...
REMINDER US BANK HOLIDAY MONDAY
Good one.
With my system most I can loose is 40pips.
- #11
- Jul 3, 2010 11:00am Jul 3, 2010 11:00am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
- #13
- Jul 3, 2010 4:43pm Jul 3, 2010 4:43pm
- Joined Apr 2008 | Status: Parsimony Rulez! | 3,216 Posts
God and common sense will help humanity.
GBPUSD is retesting an old trend line from the dayly from the bottom.
The following chart is old, but my trading PC is not running at the moment and I am the personified laziness. we have currently reached the exact spot that I had marked in red, almost to the pip exact.
(open your H4 or D1 chart and zoom out/scroll back to see where i might have anchored this line at two lower candle wicks)
Attachment
A bounce here would not surprise me and without any doubt there will be many people who will find a "news"...
.
- #16
- Jul 3, 2010 10:19pm Jul 3, 2010 10:19pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
I didn't mean you! Rather the source, anyway going to reveal?
Course, just a reminder. Monday could be dead or swing violently on lower volumes/ liquidity.
Last week was certainly interesting for the GBP
Good one.
You do know that the market will still open on Sunday (17:00 ET) and be trade-able right?
Last week was certainly interesting for the GBP
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #17
- Jul 3, 2010 10:25pm Jul 3, 2010 10:25pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
That's like 'Out of the frying pan, into the fire' as the saying goes, Eurozone's in worse shit than we are in UK!
.....but Germany are playing some great football!
