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Cable Update (GBPUSD)

  • #275,161
  • Apr 1, 2011 4:06am Apr 1, 2011 4:06am
Quoting Mautje
I'm fairly new to forex trading, so I'm going to ask a question to which the answer may be obvious.. Why would the price go up again to 62, when the drop just now was caused by the GBP PMI numbers.. if the numbers are bad and it causes a drop to where we are right now, why would price go up immidiately after? Wouldn't that make the PMI numbers not have any effect.. :S ?
News just makes sudden changes, its the trend that denotes where it is going. The longer term trends though could go either way as it is at a possible turning point on the daily. If the US numbers this afternoon are worse than the UK's then money can be made out of the drop and rise today, and 1.62 is the next big resistence line upwards.

Seekerz is seeing a 30 min trend showing a possible drop. I don't know yet and I am waiting to see if it breaks 1.604 or 1.602 to see which way to go.
  • #275,162
  • Edited 4:50am Apr 1, 2011 4:10am | Edited 4:50am
fake bearish...

hit the trailling stop.. +20 pips
Attached Image (click to enlarge)
Click to Enlarge Name: fke.JPG Size: 73 KB
L-H-LH-HH -> B // H-L-HL-LL -> B
  • #275,163
  • Apr 1, 2011 4:12am Apr 1, 2011 4:12am
confirms shorts,just my 2cents.Good luck all.
  • #275,164
  • Apr 1, 2011 4:13am Apr 1, 2011 4:13am
could negate my previous post.
  • #275,165
  • Apr 1, 2011 4:28am Apr 1, 2011 4:28am
Quoting ndsouz
I'm Long 20lots+20lots @ 1.6040 SL-1.5949 TP-Open
Modify Order. SL-1.5939 TP-1.6240
To Your Success!!
  • #275,166
  • Apr 1, 2011 4:40am Apr 1, 2011 4:40am
Quoting ndsouz
Modify Order. SL-1.5939 TP-1.6240
wow 40 lots your a very brave man !!!
  • #275,167
  • Apr 1, 2011 4:44am Apr 1, 2011 4:44am
i been long at 1.6013, s/l 1.5928, t/p 1.6250
  • #275,168
  • Apr 1, 2011 4:46am Apr 1, 2011 4:46am
careful to those taking long because weekly closed is today..
  • #275,169
  • Apr 1, 2011 4:51am Apr 1, 2011 4:51am
nah... this is the time...
L-H-LH-HH -> B // H-L-HL-LL -> B
  • #275,170
  • Apr 1, 2011 4:54am Apr 1, 2011 4:54am
Quoting 0rPhioZ
I think of another possible scenario, suppose that the sharks are trying to gap down the price to have more people selling then it will probably go down further. Well, I think we need to see USD news before find out about the condition clearly. I'm prepared to close my SHORT suppose that there are no major changes in 1-2 hours.
well either one of us can be right, however i prefer to trade near support/resistance lines and in the direction of the trend except if some really important news come around.
  • #275,171
  • Apr 1, 2011 4:54am Apr 1, 2011 4:54am
Quoting ndsouz
Modify Order. SL-1.5939 TP-1.6240


I am not ironic .It's just nervous laugh as the last time you pulled out 20 lots from the had you nailed it.damn I wish I had your money and your balls to do such moves.
My biggest trade was 3.5 lots and only for short term...

for your move I don't thinK I am able to count the profit
  • #275,172
  • Apr 1, 2011 5:04am Apr 1, 2011 5:04am
and we crossed the H4 and still above 1.6020 for now
  • #275,173
  • Apr 1, 2011 5:07am Apr 1, 2011 5:07am
Ow... yeahh...
set the trailling stop again..
L-H-LH-HH -> B // H-L-HL-LL -> B
  • #275,174
  • Apr 1, 2011 5:10am Apr 1, 2011 5:10am
Quoting feralnature
well either one of us can be right, however i prefer to trade near support/resistance lines and in the direction of the trend except if some really important news come around.
I have closed my SHORT position ended with profit +10. Now I am taking LONG position 1.6039, the same position as my SHORT. 1.6008 failed to break lower past my bollinger bands but going up instead. This time it will probably break 1.6083 going up. I'm still watching for sudden changes though since we still have USD news.
  • #275,175
  • Apr 1, 2011 5:52am Apr 1, 2011 5:52am
Short
Attached Image (click to enlarge)
Click to Enlarge Name: GU down.jpg Size: 234 KB
  • #275,176
  • Apr 1, 2011 5:54am Apr 1, 2011 5:54am
hi all

guys i need help at the grave yard
any interesting indicator plz post it @ the grave yard
http://www.forexfactory.com/showthread.php?t=246111
  • #275,177
  • Apr 1, 2011 5:57am Apr 1, 2011 5:57am
Quoting Mautje
I'm fairly new to forex trading, so I'm going to ask a question to which the answer may be obvious.. Why would the price go up again to 62, when the drop just now was caused by the GBP PMI numbers.. if the numbers are bad and it causes a drop to where we are right now, why would price go up immidiately after? Wouldn't that make the PMI numbers not have any effect.. :S ?


NFP Day , April Fool's Day , Shark infested waters ... you name it
Attached Image
  • #275,178
  • Apr 1, 2011 6:02am Apr 1, 2011 6:02am
Quoting chazzle
wonder where people on FF get this crazy pictures from?
  • #275,179
  • Apr 1, 2011 6:04am Apr 1, 2011 6:04am
Quoting kill56
hi all

guys i need help at the grave yard
any interesting indicator plz post it @ the grave yard
http://www.forexfactory.com/showthread.php?t=246111
Hold on... let me get my glasses. Now what does it say?

You need help Kill?... go see a quack (Dr. D)

(Sorry Doc... could not resist!)
  • #275,180
  • Apr 1, 2011 6:08am Apr 1, 2011 6:08am
Quoting ndsouz
Modify Order. SL-1.5939 TP-1.6240
Modify Order again. SL - 1.5979

Possibilities
If NFP make a spike down to 1.6000 and goes up.
If the NFP breakout downside below 1.6000 and to my stoploss.
If NFP breakout Upside above 1.6080 ... will keep it running till TP hit.

If loss = -60 pip = -24,000USD
If profit = +200 pip = +80,000USD

Decision is final now.. no more modification in Stoploss. Keeping fingers crossed. Goodluck to all!
To Your Success!!
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