1.639x anyone?
Cable Update (GBPUSD)
- #271,002
- Feb 4, 2011 6:09am Feb 4, 2011 6:09am
- Joined Dec 2010 | Status: Foook Bollinger-dr.Kegel knows! | 9,794 Posts
- #271,003
- Feb 4, 2011 6:23am Feb 4, 2011 6:23am
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
All systems of divination, like music itself,work through patterns.
- #271,005
- Feb 4, 2011 6:42am Feb 4, 2011 6:42am
everybody here now is concern about the nfp.......ok now we look at usdcad news that just release 30 min ago......got 2 news 1 bad 1 good but the usdcad still go south why this happen......the answer is the trend is still on the bearish side and the news is only a spark plug to move the price faster or make a pause for a while........like yesterday gbp news it reach the top after the news and then it reverse not because the news just because the trend is completed.......this is what understand after several year being in this market.........news is a spark plug to make the price move faster or make a pause or make a correction not a trend maker........in others words money can be move without any reason......and news always making fool to the trader......so stand aside or if you already buy or sell make sure u have put your sl in.......my opinion gbp will go south.......as major trend maybe.......no one knows what will happen in the future
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- #271,006
- Feb 4, 2011 6:49am Feb 4, 2011 6:49am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #271,007
- Feb 4, 2011 6:54am Feb 4, 2011 6:54am
- | Joined Jun 2010 | Status: Trader | 1,429 Posts
...there it is ... looking for longs now
- #271,008
- Feb 4, 2011 6:56am Feb 4, 2011 6:56am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #271,009
- Feb 4, 2011 7:04am Feb 4, 2011 7:04am
- | Commercial User | Joined Feb 2010 | 2,739 Posts
now maybe up as we hit a S level at 6077
as I said down to 6060-6085 and back up to 1.6160 aprox....but it depends on the NFP now
it might drop dead to 1.6010 and under)))))))))))))
as I said down to 6060-6085 and back up to 1.6160 aprox....but it depends on the NFP now
it might drop dead to 1.6010 and under
)))))))))))))
- #271,010
- Feb 4, 2011 7:05am Feb 4, 2011 7:05am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #271,011
- Feb 4, 2011 7:10am Feb 4, 2011 7:10am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #271,012
- Feb 4, 2011 7:14am Feb 4, 2011 7:14am
- | Joined Jun 2010 | Status: Trader | 1,429 Posts
Not too greedy, just hit and run short scalp until 30 min before NFP.
But will bring the rest of this small lot into the NFP.
Profit locked +65.
G/L
- #271,013
- Feb 4, 2011 7:17am Feb 4, 2011 7:17am
- Joined Jul 2007 | Status: Trader | 5,392 Posts
ex member
- #271,016
- Feb 4, 2011 7:46am Feb 4, 2011 7:46am
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
preferred immediate post NFP plays depending on PA and set-ups,
a. Get involved in any momentum reaction on the knee-jerk
and/or
b. Sell the 1st Hi-Buy the 1st pullback, conversely, Buy the 1st Lo-Sell the 1st pullback
In the absence of decisive PA and set-ups
c. Stay flat.
G/L
All systems of divination, like music itself,work through patterns.
- #271,017
- Feb 4, 2011 7:47am Feb 4, 2011 7:47am
- | Joined Oct 2007 | Status: Trader | 1,236 Posts
I have got 4 shorts between 16167 and 16220.
price bounced directly off the monthly trendline which starts at 17040. I could see a major reversal off these highs. I do not see price getting above 16300 here.
After persuing a view posts here, I am comforted by the fact that so many here in the forum don't agree with me.
I could see 44 hours of consolidation before NFP but when it happens is somewhat irrelevant. That is the beauty of swing trading.
Cheerio
A break above 1.6300 has enormous significance. The fact that price respected it and bounced with such force validates the importance of 1.6300.
Price is just below a major technical point right before a major news announcement. Coincidence? Ahh, no.
Bingo.
"Timing Is Everything. Really I Swear It Is"
- #271,018
- Feb 4, 2011 7:49am Feb 4, 2011 7:49am
- | Joined May 2009 | Status: Trader | 1,124 Posts
You've got to be IN IT to WIN IT!
- #271,020
- Feb 4, 2011 7:57am Feb 4, 2011 7:57am
- Joined Sep 2010 | Status: Trader | 11,327 Posts
Hi Chaz, hope you're well. Just wanted to ask if you have been experiencing problems with IG Markets platform. I'm having loading problems with the dam thing. They are doing maintenance tonight till saturday so maybe they are aware of the problem. Or could be my internet explorer browser which was conflicting last year but I'm not sure.
- you on the cfd account? (IGmarkets) I've got IGindex - but platform the same...anyways no probs here mate...