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Cable Update (GBPUSD)

  • #270,361
  • Jan 28, 2011 7:41am Jan 28, 2011 7:41am
Quoting TauTrader
Good day to you,

what you have done is a bad thing... just kidding

SL should be placed @ 1.0060

I personally will add one more position @ 0.9985 - if we retrace back

TP, at this stage, will be 0.9896 - so your TP is ok...

This will be a 2 day trade - you are going to have to carry this one over the week-end. If not your style, you may be in profit / or stopped out, by market close. You can then decide.

all the best

Regards

Aiming it fall2 FIBO 23.6?
i can see the logic, this is the first position that i opened today, eventhough only 1usd per pips, Hope it GOES GREEN!

have to set CHART in Netdania again.
Stoplost 1.0060 wow sky high! ok,that the SL.
current TP is 9950. Hope it close in3hours.
  • #270,362
  • Jan 28, 2011 7:41am Jan 28, 2011 7:41am
Quoting Exsilium
I dont get it, all the news for the US data was bad, all of it, and now GBPUSD is going down? what gives?
Good day,

The move is in place prior. I remain of that opinion. News is the excuse to take price where they originally intended - anyway.

I will never ever trade a news release based on data.( I have to make it clear that this exclude fundamentals) But that is just me...

Regards
  • #270,363
  • Jan 28, 2011 7:42am Jan 28, 2011 7:42am
Quoting Sunsi
Read my post over If you have any questions about it, feel free to ask!
Im sorry but I dont get your point. Are you saying because US and UK data are both bad that its somehow more bad for UK?

What about the trillions of fake money the US prints, doesnt that inherently devalue the dollar? Combined with bad news data, it doesnt support the 50 point fall we are seeing. In fact, it obviously paused the 30 minutes before in anticipation of the news, whats the point. What your saying is that no matter the news it was still going down?
  • #270,364
  • Jan 28, 2011 7:44am Jan 28, 2011 7:44am
Quoting WengOn
Aiming it fall2 FIBO 23.6?
i can see the logic, this is the first position that i opened today, eventhough only 1usd per pips, Hope it GOES GREEN!

have to set CHART in Netdania again.
Stoplost 1.0060 wow sky high! ok,that the SL.
current TP is 9950. Hope it close in3hours.
Good day,

What was your entry?

I am going out now to buy some meat and booze. Tonight, we BBQ - play darts with the kids and listen to old 80's music - very loud...

Regards
  • #270,365
  • Jan 28, 2011 7:47am Jan 28, 2011 7:47am
Quoting TauTrader
Good day,

The move is in place prior. I remain of that opinion. News is the excuse to take price where they originally intended - anyway.

I will never ever trade a news release based on data.( I have to make it clear that this exclude fundamentals) But that is just me...

Regards
Someone earlier made the comment that price is factored before the news release, yet recently weve seen 100-200 pip movements in direct relation to the news.

The only way ive survived the news movements is because i put a straddle order around the price 60 seconds before the news release which so far has been profitable for me.

As I type this... its now back at 15914 having fallen to 15890 shortly after the release.. and what about the 80 point move up before the news release which at the time I attributed to gietner's speech.

The whole thing is a guessing game, only slightly better than gambling.

My educated guess is there is still room for upward movement, i doubt well hit 16000 anytime soon, but upward it is.
  • #270,366
  • Jan 28, 2011 7:47am Jan 28, 2011 7:47am
Quoting TauTrader
Good day,

What was your entry?

I am going out now to buy some meat and booze. Tonight, we BBQ - play darts with the kids and listen to old 80's music - very loud...

Regards
Open@9968..., TP 9950,
SL 0060? i gotta b sick... NO harm trying,yeah...

Advance GDP slight drop, dont seem effect the FOREX...
  • #270,367
  • Jan 28, 2011 7:50am Jan 28, 2011 7:50am
Quoting Exsilium
Im sorry but I dont get your point. Are you saying because US and UK data are both bad that its somehow more bad for UK?

What about the trillions of fake money the US prints, doesnt that inherently devalue the dollar? Combined with bad news data, it doesnt support the 50 point fall we are seeing. In fact, it obviously paused the 30 minutes before in anticipation of the news, whats the point. What your saying is that no matter the news it was still going down?
Bad news, for US often makes the stocks go down, and that often make the money float into dollar instead of stocks, which increases USD strenght.

For GBP the GDP(For GBP released a few days ago) was realy bad, there is now also very low consumer confidence in the UK. It is likely that the pound will lose value.

The uprun before news looks to as there where some stophunting from reetailers.

Hope that helps

The money printed by the US is mostly allready priced in since that is old news.
  • #270,368
  • Jan 28, 2011 7:56am Jan 28, 2011 7:56am
I,m So regret that i Dun feel well today, else i will maximum collect 20pips from the current fall. 5973 was the 5th high bar of the 27th according2the M30bar.

*Sigh*

The News affected the GU lot lot then can be expected..
  • #270,369
  • Jan 28, 2011 7:58am Jan 28, 2011 7:58am
Quoting Exsilium
Someone earlier made the comment that price is factored before the news release, yet recently weve seen 100-200 pip movements in direct relation to the news.

The only way ive survived the news movements is because i put a straddle order around the price 60 seconds before the news release which so far has been profitable for me.

As I type this... its now back at 15914 having fallen to 15890 shortly after the release.. and what about the 80 point move up before the news release which at the time I attributed to gietner's speech.

The whole...
good day to you,

You are going through the emotions that we all have gone though at one stage or the other. If there is one thing I would like to carry over, is that there is zero randomness here - price moves are deliberate and calculated.

Let us see how the AUD/USD and EUR/JPY trades turn out over the next day or so. I called these before the news... Should they work, you will need to realize the fact that there is no randomness. That it is not a gamble. That the path is set... Agreed?

I am sticking my neck out here. If these fail, then I will be the laugh of the thread. But I do believe in my conviction and I know I have a high probability of success on these.

No Sh*t.

Gotta leave - see Monday. If my trades fail and you see a new member on Monday with the name "KingOSwing" - that will be me..

All the best

Regards
  • #270,370
  • Jan 28, 2011 7:58am Jan 28, 2011 7:58am
Quoting grashid
Thanks mate ..for some note..that is why i hated to post my view oeverhere...so many stupid mongkey where they tought they the only right n everybody is wrong...

this is the game where if we were right, we bank in some nice pips..otherwise we shold know what should we do...
Dude you were the one making out you are the only one that has it right not me....Wake up to yourself man. First off you were warning me cause your way of trading suggested bearish sentiment. Then you you post lol with a confused face, then you say and i quote " Just watch what happens next", and now i am stupid mongkey....First its MONKEY...And second, look at my posts and read, then compair to yours, then ask your self who is the one that thinks they are the only one right.....F!@king forums know i remember why i stay away from the threads.
Even If It Is A Minority Of One, The Truth Is Still The Truth!!!
  • #270,371
  • Jan 28, 2011 8:06am Jan 28, 2011 8:06am
Quoting grashid
not sure..if some one still can't get this meaning.....like 2 dog barking in the jungle...
mm...wasted my time...chow

p/s: I think when i make my call, that 5950 is not yet each right?...mm
See i think the part of "it's only bullshit" when you are replying to my call is what i may be taking wrong, i don't know??
Even If It Is A Minority Of One, The Truth Is Still The Truth!!!
  • #270,372
  • Jan 28, 2011 8:14am Jan 28, 2011 8:14am
Quoting TauTrader

I will never ever trade a news release based on data
good that you have the luxury of choice TT - personally I don't think I could get the data quick enough ... trading the news is the same as trading at other times imo , ie , you trade a reaction to price movement only it is with higher volatility...
  • #270,373
  • Jan 28, 2011 8:31am Jan 28, 2011 8:31am
Quoting Aussie_Pride
See i think the part of "it's only bullshit" when you are replying to my call is what i may be taking wrong, i don't know??
you must be new here.., there are only 2 rule in this thread,..

1. Senior always right.
2. if senior wrong, back to the rule number 1.


remember that.


btw congrat on your long today, nice one, my long at 1.5854 not been take cos the spread. my long fail so i change to short...,

have a good trade..
I will be the number one Manager.
  • #270,374
  • Jan 28, 2011 8:35am Jan 28, 2011 8:35am
[quote=TauTrader;4353092]good day to you,

You are going through the emotions that we all have gone though at one stage or the other. If there is one thing I would like to carry over, is that there is zero randomness here - price moves are deliberate and calculated.

Let us see how the AUD/USD and EUR/JPY trades turn out over the next day or so. I called these before the news... Should they work, you will need to realize the fact that there is no randomness. That it is not a gamble. That the path is set... Agreed?

I am sticking my neck out here. If these fail, then I will be the laugh of the thread. But I do believe in my conviction and I know I have a high probability of success on these.

Hi Tau, keep missing you theses days. Have a brilliant weekend, mate......
and thanks for the roadsign to Gann the other day. Certainly nothing random about that guy.... c u next week.
All systems of divination, like music itself,work through patterns.
  • #270,375
  • Jan 28, 2011 8:55am Jan 28, 2011 8:55am
Now the 1H is under a great deal of pressure with
the 9 EMAs compressed to within 3 pips which
on higher tf typically preceeds big moves.
Last time the 1H was in this pattern = 500 pips.

Or this could continue to oscillate 'til next week
with the GBP news or NFP.

Play the smaller tfs for breakouts, as they are all
in tight patterns, until the 1H separates and fully commits.

Dr. D.
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  • #270,376
  • Jan 28, 2011 9:12am Jan 28, 2011 9:12am
Quoting fourxtrader
Now the 1H is under a great deal of pressure with
the 9 EMAs compressed to within 3 pips which
on higher tf typically preceeds big moves.
Last time the 1H was in this pattern = 500 pips.

Or this could continue to oscillate 'til next week
with the GBP news or NFP....
Doc, where do you thing she going to move for that compression? up or down? is this down move also a trap or the real move? it's about hundreds move, right? i must get that..
I will be the number one Manager.
  • #270,377
  • Jan 28, 2011 9:23am Jan 28, 2011 9:23am
Quoting javapips
you must be new here.., there are only 2 rule in this thread,..

1. Senior always right.
2. if senior wrong, back to the rule number 1.


remember that.


btw congrat on your long today, nice one, my long at 1.5854 not been take cos the spread. my long fail so i change to short...,

have a good trade..
That is the biggest load of crap i have ever heard......I can see why there is always bullsh!t if idiotic rules like that are believed.....anyway forget this crap back to the sidelines away from thread posting and let the seniors play with their children.
Even If It Is A Minority Of One, The Truth Is Still The Truth!!!
  • #270,378
  • Jan 28, 2011 9:30am Jan 28, 2011 9:30am
Good day to you,

OK - Failure on EJ. Success on AUD/USD. Success on EU. Success on GU.

Not good. Back to my corner.

wish you all a wonderful week-end

Regards
  • #270,379
  • Jan 28, 2011 9:31am Jan 28, 2011 9:31am
Quoting javapips
Doc, where do you thing she going to move for that compression? up or down? is this down move also a trap or the real move? it's about hundreds move, right? i must get that..
Way to go ,JP...keep him talking and posting .
Great weekend to one and all...have fun
have to go now B/L
All systems of divination, like music itself,work through patterns.
  • #270,380
  • Jan 28, 2011 9:36am Jan 28, 2011 9:36am
Quoting fourxtrader
Now the 1H is under a great deal of pressure with
the 9 EMAs compressed to within 3 pips which
on higher tf typically preceeds big moves.
Last time the 1H was in this pattern = 500 pips.

Or this could continue to oscillate 'til next week
with the GBP news or NFP.

[i][color=#0000ff]Play...
Impressive call! I was short but for diffrent reasons!
I see you write last time = 500 pips. How large timeframe are you talking about ?

Was the 9 EMA the only indicator you used to predict this move?

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