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Cable Update (GBPUSD)

  • #259,241
  • Oct 7, 2010 3:18am Oct 7, 2010 3:18am
Upcoming Uk Manuf and Ind production data is forecast lower than alst month's +0.3% for both, so if comes in lower than the lower forecast, could see some knee-jerk (+ ?) £ selling in this pairing. Conversely could see some knee-jerk (+ ?) £ buying if actual #'s come in better than forecast. Also I wonder if Boe/Mpc later today does leave Qe @ £200Bln for now whether market might buy £ on back of it ? ...a lot of analysis / commentators saying they are looking for selling opportunities below 6000 now ..

Anything, including nothing can happen...

G/L
ex member
  • #259,242
  • Oct 7, 2010 3:20am Oct 7, 2010 3:20am
Quoting primzvicious
lol u/j got me twice
well, the only supports i have are 81.5 & 79.7
I can't see anything below this ... but my chart only go as far back as 1989
Best to wait for the turn on the D1 at least bro
Thank You
  • #259,243
  • Oct 7, 2010 3:21am Oct 7, 2010 3:21am
Quoting AdrianHNV
Out of all trades now waiting on 9.30am manufacturing update


Morning BBMC and WormBoy good too see you both here again today
hi adrian good afternoon
Thank You
  • #259,244
  • Oct 7, 2010 3:22am Oct 7, 2010 3:22am
Quoting bbmac

Anything, including nothing can happen...

G/L
Seems like a lot of 'smoke and mirrors' in the market place at the moment BBMC
  • #259,245
  • Oct 7, 2010 3:24am Oct 7, 2010 3:24am
Quoting AdrianHNV
Out of all trades now waiting on 9.30am manufacturing update


Morning BBMC and WormBoy good too see you both here again today

Hi, good to see you too, hope u have a good day's trading.
ex member
  • #259,246
  • Oct 7, 2010 3:24am Oct 7, 2010 3:24am
Quoting bbmac
Upcoming Uk Manuf and Ind production data is forecast lower than alst month's +0.3% for both, so if comes in lower than the lower forecast, could see some knee-jerk (+ ?) £ selling in this pairing. Conversely could see some knee-jerk (+ ?) £ buying if actual #'s come in better than forecast. Also I wonder if Boe/Mpc later today does leave Qe @ £200Bln for now whether market might buy £ on back of it ? ...a lot of analysis / commentators saying they are looking for selling opportunities below 6000 now ..

Anything, including nothing can happen......
It's not making any sense to me.

I do not understand why they haven't taken the opportunity to slap cable down a little, before the next the ews hits.
That kind of figure is normally a green light for taken p*ss to speculators....
Dan TheMan
  • #259,247
  • Oct 7, 2010 3:25am Oct 7, 2010 3:25am
Quoting AdrianHNV
Seems like a lot of 'smoke and mirrors' in the market place at the moment BBMC
Will be interesting to see how these bits of data affect it today and of course u.s NFP tomorrow.

G/L
ex member
  • #259,248
  • Oct 7, 2010 3:26am Oct 7, 2010 3:26am
Quoting WanderingDan
It's not making any sense to me.

I do not understand why they haven't taken the opportunity to slap cable down a little, before the next the ews hits.
That kind of figure is normally a green light for taken p*ss to speculators....

I'm just glad I'm a tech trader - lol !!

G/L
ex member
  • #259,249
  • Oct 7, 2010 3:28am Oct 7, 2010 3:28am
Quoting wormboy
lol no reason to be buying yet really. It's bound to get hammered down when it reached that 910 resistance anyway, so just sell
Sterling is getting whacked just as much as the dollar at the mo & is currently below major resistance.

welp, spoke too soon lol.
Thank You
  • #259,250
  • Oct 7, 2010 3:28am Oct 7, 2010 3:28am
hunting stop
  • #259,251
  • Oct 7, 2010 3:28am Oct 7, 2010 3:28am
Quoting wormboy
welp, spoke too soon lol.
what was that? GBP big jumps?
Today's zone = Tomorrow's opportunity!
  • #259,252
  • Oct 7, 2010 3:30am Oct 7, 2010 3:30am
Someone just dumped a load in............
  • #259,253
  • Oct 7, 2010 3:31am Oct 7, 2010 3:31am
Good buy at this level.........
Dan TheMan
  • #259,254
  • Oct 7, 2010 3:31am Oct 7, 2010 3:31am
9:30am GBP Manufacturing Production m/m
http://cdn.forexfactory.com/images/m...etail_star.gif http://cdn.forexfactory.com/images/misc/progress.gif0.3%http://cdn.forexfactory.com/images/m...ol_refresh.gif 0.1% 0.3%
  • #259,255
  • Oct 7, 2010 3:32am Oct 7, 2010 3:32am
someone set fire on the bear camp lol
Verily, in every difficulties there is relief
  • #259,256
  • Oct 7, 2010 3:32am Oct 7, 2010 3:32am
Quoting nedal26
hunting stop
only if you're on the wrong side
Thank You
  • #259,257
  • Oct 7, 2010 3:32am Oct 7, 2010 3:32am
  •  samirb
  • | Joined Nov 2009 | Status: Investing is simple, but not easy. | 247 Posts
Quoting samirb
Good day everyone

Both position filled in at 15920

Good luck
AB=cd Gartley

stop out at 15950
  • #259,258
  • Oct 7, 2010 3:33am Oct 7, 2010 3:33am
Yes. House prices are important, but they fall in the UK at this time of the year anyway. Industrial production figures are far more importatnt.
Gone to a better place
  • #259,259
  • Oct 7, 2010 3:33am Oct 7, 2010 3:33am
Quoting wormboy
only if you're on the wrong side

i posted a chart in fb bro..have a look at it..
Attached Image (click to enlarge)
Click to Enlarge Name: chart3.jpg Size: 108 KB
  • #259,260
  • Oct 7, 2010 3:34am Oct 7, 2010 3:34am
Be careful of buying people, this looks like a speculators run.

They may have the Manufactoring figures on a whisper = Push it up, then dump it.....
Dan TheMan
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