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Cable Update (GBPUSD)

  • #250,881
  • Sep 3, 2010 6:34am Sep 3, 2010 6:34am
Re Digger's post

This is what's so great about this thread. Its not the predictions or even live trade postings, its the wealth of information which appears and which helps build a bigger and better picture.

To find such diverse and useful snippets in one place is terrific.
  • #250,882
  • Sep 3, 2010 6:40am Sep 3, 2010 6:40am
Quoting 4xStar
Yes that remark got him a prize position on my iggy list.
good day fxstar,

been a while i bugged you. hope trading is going well.
kindly brush me up on the best way to know the dominant trend for any given day so that one can then look for only entries in that direction.

i would appreciate because it confuses me when i look at the daily and 4 hour trend and then try to take trades in their direction and the price just zooms off the other way all day.

thanks in anticipation,
  • #250,883
  • Sep 3, 2010 6:40am Sep 3, 2010 6:40am
Quoting Delite
Re Digger's post

This is what's so great about this thread. Its not the predictions or even live trade postings, its the wealth of information which appears and which helps build a bigger and better picture.

To find such diverse and useful snippets in one place is terrific.
lol some days there is more sniping than snippets but if you can ignore the bs there is lots of useful things that can be put in your trading tool box .
  • #250,884
  • Sep 3, 2010 6:47am Sep 3, 2010 6:47am
Quoting digger1
lol some days there is more sniping than snippets but if you can ignore the bs there is lots of useful things that can be put in your trading tool box .
Absolutely! I think there is a little too much testosterone around at times! Still, ignoring the numpties and learning like mad from the sensible guys on here. Much appreciated!
  • #250,885
  • Sep 3, 2010 6:47am Sep 3, 2010 6:47am
someone might find this useful, I don't have one for the monthly open though.

Steve.
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  • #250,886
  • Sep 3, 2010 6:53am Sep 3, 2010 6:53am
hello everyone

here is my view, if news will be bad for USD.......


have a nice weekend


pipgame
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  • #250,887
  • Sep 3, 2010 6:59am Sep 3, 2010 6:59am
Quoting pipgame
hello everyone

here is my view, if news will be bad for USD.......


have a nice weekend


pipgame
PG, it is the other way around, if the news is bad, and I mean below the lowest of the mean average forecast, dollar will actually go up, risk aversion means selling of the equities and buying the dollar, so a greater demand for dollars, Cable will go down.

The equities market is so hyped up right now that the big funds will use any bit of good news to sustain the month's rally.
  • #250,888
  • Sep 3, 2010 7:05am Sep 3, 2010 7:05am
Quoting pipgame
hello everyone

here is my view, if news will be bad for USD.......


have a nice weekend


pipgame




rgds,iqyu

http://www.forexfactory.com/showpost...&postcount=639
not euphoria follower
  • #250,889
  • Sep 3, 2010 7:11am Sep 3, 2010 7:11am
Quoting pipgame
hello everyone

here is my view, if news will be bad for USD.......


have a nice weekend


pipgame
fwiw, something my tom-tom is looking at.....sorry if some find it cluttered.
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  • #250,890
  • Sep 3, 2010 7:12am Sep 3, 2010 7:12am
Quoting ikdenk
This is probably the best post of the entire thread:

Cloggie:

I know what I use, price moves due to the collective behaviour of participants and once a pattern, whether harmonic or candle stick presents itself in the price I judge the initial reaction of the participants to the pattern and try to ride their coattails. The key is finding the same pattern as others do, so making one up that is open to interpretation would never work, because I would be the only one looking at it.
[/quote]

Goede morgen Cloggie.

I posted this a few days ago.

The above begs the question: What indicators do the big boys use, so that we can use the same and anticipate their moves.

200 ema, S/R - what time frame?, fibs - same question?, rollover price - what time frame? - what else do they use?

Appreciate your input as always.
  • #250,891
  • Sep 3, 2010 7:12am Sep 3, 2010 7:12am
Quoting cloggie
PG, it is the other way around, if the news is bad, and I mean below the lowest of the mean average forecast, dollar will actually go up, risk aversion means selling of the equities and buying the dollar, so a greater demand for dollars, Cable will go down.

The equities market is so hyped up right now that the big funds will use any bit of good news to sustain the month's rally.

thank you for response cloggie, but I don't get it........

please help me to understand: if Non-Farm Employment will be -120K it is bad for USD, so USD will go down and cable up?

thanks
  • #250,892
  • Sep 3, 2010 7:14am Sep 3, 2010 7:14am
Quoting pipgame
thank you for response cloggie, but I don't get it........

please help me to understand: if Non-Farm Employment will be -120K it is bad for USD, so USD will go down and cable up?

thanks

If NFP comes out at -150, it means that the economy is not recovering and it means that the disposable income is reducing so the domestic market for goods is shrinking which means the big funds will look for riskaversion and sell of equities and buy dollars instead, they would rather hold the cash, that means that the demand for dollars would increase so as the demand for Sterling is not increasing it would mean that cable and fibre would go down.

Classic risk aversion. You need to keep in mind that the big MF's are not allowed to short stocks, the only thing they can do is unwind into cash. Trading currency pairs means either buying or selling half the pair, NFP means focusing on the dollar part of the pair.
  • #250,893
  • Sep 3, 2010 7:14am Sep 3, 2010 7:14am
Quoting pipgame
thank you for response cloggie, but I don't get it........

please help me to understand: if Non-Farm Employment will be -120K it is bad for USD, so USD will go down and cable up?

thanks
...simplest way to remember is that equities & USD tend to move in opposite direction.
  • #250,894
  • Sep 3, 2010 7:15am Sep 3, 2010 7:15am
Quoting cloggie
PG, it is the other way around, if the news is bad, and I mean below the lowest of the mean average forecast, dollar will actually go up, risk aversion means selling of the equities and buying the dollar, so a greater demand for dollars, Cable will go down.

The equities market is so hyped up right now that the big funds will use any bit of good news to sustain the month's rally.

Not that straight 4ward anymore Cloggie, as it used 2 be during the crises ,,, if really bad newsin US,, then u better buy chf or yen,,, due to the possible liquidity easing by the fed...
  • #250,895
  • Sep 3, 2010 7:18am Sep 3, 2010 7:18am
Quoting skerdi-meta
Not that straight 4ward anymore Cloggie, as it used 2 be during the crises ,,, if really bad newsin US,, then u better buy chf or yen,,, due to the possible liquidity easing by the fed...

I agree, but we are discussing Cable here. Don't want to convolute the debate to include yen and swissy. Am just focusing on the dollar for the sake of the argument here. And that's what the market will do today, they will decide whether the equity rally so far was just positioning or the end of August selling based on today's NFP.
  • #250,896
  • Sep 3, 2010 7:19am Sep 3, 2010 7:19am
So, as we await the NFP, will it be either of the two scenarios below?

G/L
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  • #250,897
  • Sep 3, 2010 7:21am Sep 3, 2010 7:21am
Quoting cloggie
If NFP comes out at -150, it means that the economy is not recovering and it means that the disposable income is reducing so the domestic market for goods is shrinking which means the big funds will look for riskaversion and sell of equities and buy dollars instead, they would rather hold the cash, that means that the demand for dollars would increase so as the demand for Sterling is not increasing it would mean that cable and fibre would go down.

Classic risk aversion. You need to keep in mind that the big MF's are not allowed to short stocks,...

thank you very much, "I can see clearly now"

yes, I have much to learn......
  • #250,898
  • Sep 3, 2010 7:23am Sep 3, 2010 7:23am
Quoting pipgame
thank you very much, "I can see clearly now"

yes, I have much to learn......

Equity futures are fractionally lower right now.
  • #250,899
  • Sep 3, 2010 7:24am Sep 3, 2010 7:24am
Quoting bbmac
So, as we await the NFP, will it be either of the two scenarios below?

G/L
Good one BB. Ya gotta love this sh!t or ur in the wrong game.
  • #250,900
  • Sep 3, 2010 7:25am Sep 3, 2010 7:25am
I see you guys on the other side this is where FF goes Black

Good Luck All
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