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Cable Update (GBPUSD)

  • #272,041
  • Feb 16, 2011 3:32am Feb 16, 2011 3:32am
Quoting sam1987
Hello all,
I am still a newbie to forex world
how will the upcoming news affect the cable?? will it have huge effect?
nope....but the inflation report later might have some huge affects on price action. lets see

dont trade any news ! just stay sidelined and enjoy the action with some cheese nachos.

Ph.
Hero calls followed by margin calls...
  • #272,042
  • Feb 16, 2011 3:41am Feb 16, 2011 3:41am
Quoting chazzle
short at yesterday high with today's high as the stop
Cover at 16155-2 hrs long enough
  • #272,043
  • Feb 16, 2011 3:46am Feb 16, 2011 3:46am
Quoting sam1987
Hello all,
I am still a newbie to forex world
how will the upcoming news affect the cable?? will it have huge effect?
Hi sam1987,

I shared many e-books from BASIC in kill56's Thread for NEWBIE and JUNIOR
http://www.forexfactory.com/showthread.php?t=246111

I hope can HELP you to Learn about FOREX Trade... :nerd:
Always looking the GREAT, never left GOOD Point...
  • #272,044
  • Feb 16, 2011 3:47am Feb 16, 2011 3:47am
why long?

Quoting cntcll
Added another 10K long at 1.6161
total positions : 4 longs
Size total: 40K
SL: moved to 1.6119
Realtime actions: wait if SL is hit or go north

keep it going !
Trade what you see, Not what you think.
  • #272,045
  • Feb 16, 2011 3:59am Feb 16, 2011 3:59am
i wonder ...what else than hawkish could be the inflation report...
i will go long if bull action takew place...
Never again will fade the trend
  • #272,046
  • Feb 16, 2011 3:59am Feb 16, 2011 3:59am
Short @ 1.6162
  • #272,047
  • Feb 16, 2011 4:00am Feb 16, 2011 4:00am
Quoting khizer
why long?
H1 doesn't look so good, but H4 screams: "put me higher suckers !!!"
  • #272,048
  • Feb 16, 2011 4:04am Feb 16, 2011 4:04am
Quoting Black Hole
H1 doesn't look so good, but H4 screams: "put me higher suckers !!!"
really? : p

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 29 KB
Hero calls followed by margin calls...
  • #272,049
  • Feb 16, 2011 4:08am Feb 16, 2011 4:08am
Quoting PhAnTi'
really? : p

Attachment
What is your target, may i know?
  • #272,050
  • Feb 16, 2011 4:08am Feb 16, 2011 4:08am
Meaningful pullback off the current daily hi 6185, and off that 1hr H, a L printed below last HL on that t/f (that followed a LH)

Boe Qtrly Inflation report and Q&A @ 1030am gm,t.

G/L

http://i53.tinypic.com/dzxa4p.jpg
ex member
  • #272,051
  • Feb 16, 2011 4:14am Feb 16, 2011 4:14am
rise of inflation +4% expected...
Trade what you see, Not what you think.
  • #272,052
  • Feb 16, 2011 4:21am Feb 16, 2011 4:21am
Quoting khizer
rise of inflation +4% expected...

if plus 4% up or down?
  • #272,053
  • Feb 16, 2011 4:22am Feb 16, 2011 4:22am
Quoting PhAnTi'
really? : p

Attachment
Just saying.

It streams to me

I'm partially deaf sometimes, but that's another story
  • #272,054
  • Feb 16, 2011 4:26am Feb 16, 2011 4:26am
Quoting Black Hole
Just saying.

It streams to me

I'm partially deaf sometimes, but that's another story
now London will say : We wont hike the rates anytime soon...... then cable 300 pip drop

lets c

Phanti
Hero calls followed by margin calls...
  • #272,055
  • Edited 4:41am Feb 16, 2011 4:28am | Edited 4:41am
Quoting PhAnTi'
nope....but the inflation report later might have some huge affects on price action. lets see

dont trade any news ! just stay sidelined and enjoy the action with some cheese nachos.

Ph.

completed cleaning up 1 TOILET, this morning,
almost everyone told me to HOld before news release....

i do a 2WAYS pending orders that 30pips far away from the current price.
if market go wild i will got any of that, of course the pending order will be monitor and delete immediately, if any thing goes wrong.

pls give an example onto this INMATURE PLAY, does this work?

4months in FOREX
  • #272,056
  • Feb 16, 2011 4:28am Feb 16, 2011 4:28am
OCO's placed on cable, BUY @ 1.61638, SELL @ 1.61167.
  • #272,057
  • Feb 16, 2011 4:32am Feb 16, 2011 4:32am
Quoting WengOn
completed cleaning up 1 TOILET, this morning,
almost everyone told me to HOld before news release....

i do a 2WAYS pending orders that 30pips far away from the current price.
if market go wild i got that, of course the pending order will be monitor and delete immediately, if any thing goes wrong.

pls give an example onto this INMATURE PLAY, does this work?

4months in FOREX
It's news trading Wengon, we've both just said the same thing here.

25 pips banked on the short, 80% of position closed, left rest to run and stops to BE. The perfect news trade :-D
  • #272,058
  • Feb 16, 2011 4:33am Feb 16, 2011 4:33am
what did they say?
Hero calls followed by margin calls...
  • #272,059
  • Feb 16, 2011 4:34am Feb 16, 2011 4:34am
Quoting PhAnTi'
what did they say?
Still going, check Bloomberg TV online Phanti.
  • #272,060
  • Feb 16, 2011 4:38am Feb 16, 2011 4:38am
Quoting chazzle
TL Resistance becomes Support good retrace to go long : 16080 , even the fifty only 9 pips away
Bought 16085 SL 16045 Tp 16200 ish
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