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Cable Update (GBPUSD)

  • #259,661
  • Oct 8, 2010 3:14am Oct 8, 2010 3:14am
Quoting Delite
Out of interest, does the City money come back this afternoon or do they leave it until Monday?
dont foreget bank holidays all over monday.

USD
Bank Holiday

USD
Bank Holiday
usa/japan/canada/
  • #259,662
  • Oct 8, 2010 3:16am Oct 8, 2010 3:16am
Quoting ocmsrzr
Yikes. Anybody have any idea what happened in the last few minutes?

Just continuation of USDX retrace:

Attached Image
Don't be a hero. Don't have an ego. Always question yourself
  • #259,663
  • Oct 8, 2010 3:16am Oct 8, 2010 3:16am
Staying on the sidelines myself watching the NFP show. Anybody tackling that mkt and if, based on which strategic footing?
  • #259,664
  • Oct 8, 2010 3:16am Oct 8, 2010 3:16am
Quoting bbakker
Sam Seiden, who worked at the CME, said that the big institutions place their orders very early in the morning usually an hour before opening. They have already selected their levels and usually he would not hear from them for the remainder of the day. Only retail investors would call, usually barking orders down the phone, throughout the whole day.

This seems to me to be crucial and is something Cloggie constantly referred to.

It isn't enough just to have your levels right - if you are playing intraday you also need your timings to be right to ensure you have momentum with you. Was Sam fascinating?
  • #259,665
  • Oct 8, 2010 3:17am Oct 8, 2010 3:17am
Quoting scurt
Short 5852, SL 5820, TP5910

reasons:
4H candle reject price and make bullish candle
respect upward TL
good news for gbp
we are in uptrend
So, you're long right? It's hunting your SL right now..
  • #259,666
  • Oct 8, 2010 3:17am Oct 8, 2010 3:17am
Quoting scurt
Short 5852, SL 5820, TP5910

reasons:
4H candle reject price and make bullish candle
respect upward TL
good news for gbp
we are in uptrend
How can you be short with a SL below your entry? I think you mean long... bad timing!
  • #259,667
  • Oct 8, 2010 3:19am Oct 8, 2010 3:19am
Quoting scurt
Short 5852, SL 5820, TP5910

reasons:
4H candle reject price and make bullish candle
respect upward TL
good news for gbp
we are in uptrend
Don't get it. You shorting based on bullish candle, upward TL and uptrend?
  • #259,668
  • Oct 8, 2010 3:19am Oct 8, 2010 3:19am
Quoting AnonYmos
Staying on the sidelines myself watching the NFP show. Anybody tackling that mkt and if, based on which strategic footing?
Big moves already and the numbers haven't even come out yet... lol.

Large spreads, whipsaw action and people are still attracted to it, like moths to a light, thinking they can make some big $ from it. If you are new to Forex... stay out of the market during NFP! If you know how to play NFP, I wish you success!
  • #259,669
  • Oct 8, 2010 3:21am Oct 8, 2010 3:21am
Quoting Delite
This seems to me to be crucial and is something Cloggie constantly referred to.

It isn't enough just to have your levels right - if you are playing intraday you also need your timings to be right to ensure you have momentum with you. Was Sam fascinating?
I have learned a heck of a lot from this guy!
  • #259,670
  • Oct 8, 2010 3:21am Oct 8, 2010 3:21am
Here we are:

http://www.forexlive.com/137998/all/...ght-weeks-cnbc
  • #259,671
  • Oct 8, 2010 3:21am Oct 8, 2010 3:21am
What was that..
some big boys testing the button?
  • #259,672
  • Oct 8, 2010 3:24am Oct 8, 2010 3:24am
this is becoming very difficult
  • #259,673
  • Oct 8, 2010 3:24am Oct 8, 2010 3:24am
u mean bull ? so why short 5852 ? your TP is above your entry and your sl is below your entry

???

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=737


Quoting scurt
Short 5852, SL 5820, TP5910

reasons:
4H candle reject price and make bullish candle
respect upward TL
good news for gbp
we are in uptrend
not euphoria follower
  • #259,674
  • Oct 8, 2010 3:25am Oct 8, 2010 3:25am
Quoting gsantri
What was that..
some big boys testing the button?
Have a look at the link i posted. No QE, less weak dollar.
  • #259,675
  • Oct 8, 2010 3:28am Oct 8, 2010 3:28am
yep...of course long... at this time dont looks great...time will tell....

Quoting bbakker
How can you be short with a SL below your entry? I think you mean long... bad timing!
Quoting iqyu5an
u mean bull ? so why short 5852 ? your TP is above your entry and your sl is below your entry

???

rgds,iqyu
http://www.forexfactory.com/showpost...&postcount=737
Quoting Delite
Very brave. But do you know what caused the spike?
well spike was a news, but price was able to close above... thats why I put long orders...
  • #259,676
  • Oct 8, 2010 3:37am Oct 8, 2010 3:37am
Quoting ocmsrzr
Here we are:

http://www.forexlive.com/137998/all/...ght-weeks-cnbc
Come on, mate! One of them wisecracks on the wires with blabla like that all the time. Appropriately referred to as "noise".
  • #259,677
  • Oct 8, 2010 3:44am Oct 8, 2010 3:44am
Quoting GlobalMacro
1.5875 Resistance on M30 nice spot to hit for a quicky on the short side...
A-ight! that's the way true quickies are DONE...
Attached Image
Hear the music before the song is over ...
  • #259,678
  • Oct 8, 2010 3:45am Oct 8, 2010 3:45am
daily fx veiw.

WEEKEND: Market participants might be looking for another excuse to lighten positions ahead of the IMF/G20 meeting on currencies.

  • #259,679
  • Oct 8, 2010 3:48am Oct 8, 2010 3:48am
Quoting gsantri
What was that..
some big boys testing the button?
No... just a lack of liquidity!
  • #259,680
  • Oct 8, 2010 3:50am Oct 8, 2010 3:50am
Quoting ocmsrzr
Have a look at the link i posted. No QE, less weak dollar.
Thanks

Quoting AnonYmos
Come on, mate! One of them wisecracks on the wires with blabla like that all the time. Appropriately referred to as "noise".
Agreed.
and we need 'anti panic' button here lol
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