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Cable Update (GBPUSD)

  • #263,501
  • Nov 5, 2010 7:41am Nov 5, 2010 7:41am
Quoting GlobalMacro
Oh yeah baby...that's how it's done...that's how we love it...

skeed skeed...
em seems like she may have one or two puffs back in her yet too the topside Figures not always what they seem
  • #263,502
  • Nov 5, 2010 7:44am Nov 5, 2010 7:44am
could anyone tell me why is it with such a good NFP the price is actually going south?
  • #263,503
  • Nov 5, 2010 7:53am Nov 5, 2010 7:53am
re my previous post, looks like scenario a. played out on the knee-jerk market reaction, then price finding support again at that current intraday lo area previously discussed.

Finishing here for day/week and a look at the current near-term 4hr t/f.

G/L and have a good w/e.
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ex member
  • #263,504
  • Nov 5, 2010 7:55am Nov 5, 2010 7:55am
I av t.p R1-1.6137 and possibly 1.6071 for short only............
  • #263,505
  • Nov 5, 2010 7:55am Nov 5, 2010 7:55am
Quoting AdrianHNV
em seems like she may have one or two puffs back in her yet too the topside Figures not always what they seem
topside to where?
Hear the music before the song is over ...
  • #263,506
  • Nov 5, 2010 8:02am Nov 5, 2010 8:02am
Quoting GlobalMacro
topside to where?
1.6343 is what I wrote in my diary at the beginning of this week for this week's high, not so sure now how she will get up that far. Maybe after 'Bens' talk later on..........

But as you and I both know, nothing in the 'forex market' can be predicted really accurately.....Except it goes up and down and sideways sometimes.
  • #263,507
  • Nov 5, 2010 8:06am Nov 5, 2010 8:06am
short taken

Coming weeks i'l be watching if this will play out

risk at 6350 area

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Mind over matter..I don't mind and you don't matter.
  • #263,508
  • Nov 5, 2010 8:09am Nov 5, 2010 8:09am
Quoting AdrianHNV
1.6343 is what I wrote in my diary at the beginning of this week for this week's high, not so sure now how she will get up that far. Maybe after 'Bens' talk later on..........

But as you and I both know, nothing in the 'forex market' can be predicted really accurately.....Except it goes up and down and sideways sometimes.
well...if, as you say, you wrote it 1.6343 in your diary at the "Beginning" of the week, what's the point of bringing it up now at the "End" of the week when we just printed 1.6178...something to think about, eh?
Hear the music before the song is over ...
  • #263,509
  • Nov 5, 2010 8:12am Nov 5, 2010 8:12am
We are going to test the highs of yesterday.

1.6343, is pushing it a bit.
I need to finish something i started
  • #263,510
  • Nov 5, 2010 8:17am Nov 5, 2010 8:17am
Quoting bigwal
We are going to test the highs of yesterday.

1.6343, is pushing it a bit.
and all that's gonna happen today....

because...

....we just got shockingly blowing positive news for the good ole $$$...right?
Hear the music before the song is over ...
  • #263,511
  • Nov 5, 2010 8:21am Nov 5, 2010 8:21am
Quoting GlobalMacro
well...if, as you say, you wrote it 1.6343 in your diary at the "Beginning" of the week, what's the point of bringing it up now at the "End" of the week when we just printed 1.6178...something to think about, eh?
I suspect whatever answer I gave would have been given the same answer.

Although were not yet at the end of the week................... Seen many a strange thing happen to Cable even at this late stage in the week.
  • #263,512
  • Nov 5, 2010 8:21am Nov 5, 2010 8:21am
Pound is going to retest the highs, news needs to be absorbed into the market.
From the highs we are likely to see your drop. price has to find the buys or sellers first. Where do you think they are ?
I need to finish something i started
  • #263,513
  • Nov 5, 2010 8:22am Nov 5, 2010 8:22am
Quoting GlobalMacro
and all that's gonna happen today....

because...

....we just got shockingly blowing positive news for the good ole $$$...right?
Most people offer posibilities of where it might go and what might happen when it gets there but not you, apparently you know everything !!

I't must be hard being you

US want a weaker dollar
QE helped weaken the dollar

The way I see it, it could go UP or DOWN and I am open to either.

To come into this forum and question people without knowing for sure what could happen I think is stupid, as eventually you will be wrong.

As I said I will go with where it goes and I do not necersarily agree with either of you but to speak from a MATTER OF FACT position is wrong
  • #263,514
  • Nov 5, 2010 8:25am Nov 5, 2010 8:25am
I thought the first rule of being a good/great trader is:

NEVER ASSUME ANYTHING
  • #263,515
  • Nov 5, 2010 8:26am Nov 5, 2010 8:26am
I think DJ will fill the gap........

but,

I am going to close the trading room for this week.......... was enaugh pips for relaxed weekend


have a nice weekend


pipgame
  • #263,516
  • Nov 5, 2010 8:26am Nov 5, 2010 8:26am
Quoting Dayboy001
Most people offer posibilities of where it might go and what might happen when it gets there but not you, apparently you know everything !!

I't must be hard being you

US want a weaker dollar
QE helped weaken the dollar

The way I see it, it could go UP or DOWN and I am open to either.

To come into this forum and question people without knowing for sure what could happen I think is stupid, as eventually you will be wrong.

As I said I will go with where it goes and I do not necersarily agree with either of you but to speak from a MATTER...
I don't remember having talked to you but you do seem to know my hard side pretty well...
you seem to feel sour...that day I was pretty drunk so sorry if I can't remember you...
Hear the music before the song is over ...
  • #263,517
  • Nov 5, 2010 8:28am Nov 5, 2010 8:28am
Quoting GlobalMacro
I don't remember having talked to you but you do seem to know my hard side pretty well...
you seem to feel sour...that day I was pretty drunk so sorry if I can't remember you...
i'm sorry I thought this was an open forum??

I maybe wrong, did I interupt a PM between you two?
  • #263,518
  • Nov 5, 2010 8:30am Nov 5, 2010 8:30am
Anyway,

Looking to clear cloggies 1.6235 for a further move north

failing that could see us attmept to breach 1.6205 for direction south

Currently flat still licking my wounds from earlier.
  • #263,519
  • Nov 5, 2010 8:31am Nov 5, 2010 8:31am
Global macro has a very good reputation, so lets not fly off the handle at him.

He wants reason. What is our reason for making the decision, you make it , you stand by it.

I took my trade based on the 61.8 fib and other factors, i am in profit with my stop above break even.

News doesnt move markets, orders do. Look for where the bulk of orders are placed.

W
I need to finish something i started
  • #263,520
  • Nov 5, 2010 8:31am Nov 5, 2010 8:31am
Quoting Dayboy001
did I interupt a PM between you two?
Nope DB, I think he's got PMT
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