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Cable Update (GBPUSD)

  • #281,001
  • Jun 9, 2011 3:13am Jun 9, 2011 3:13am
Personally I would see where price is 1min before the data and straddle closer to the prevailing price say 20pips either side, but it is not a tactic I will be using on this data release. Each to their own though, advantage I suppose of doing it now is that your orders will be higher up the queue to be filled if they are hit so less chance of slippage ?

G/L

Quoting sphinx8
too risky or maybe worth luck putting entry orders ready before the news pops

long @ 1.647
short @ 1.638

any ideas?
ex member
  • #281,002
  • Jun 9, 2011 3:35am Jun 9, 2011 3:35am
Price pullback from current 6465 daily hi exceeds 38.2% of the yesterday lo - today's current hi (6347-6465) and has breeched to ther downside the steepest 1hr ascending t/line....moves now to the previous 1hr minor swinng hi zone (more visible on 15min) = prev resistance...

Market expecting a dovish statement from Boe/Mpc now ?

G/L
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ex member
  • #281,003
  • Jun 9, 2011 3:37am Jun 9, 2011 3:37am
Quoting oldtbone
adjust my SL to BE maybe will close manually before news..will see how low it can go
close my earlier trade with small profit. will buy with larger size if it reach 1.6400 area.
  • #281,004
  • Jun 9, 2011 3:38am Jun 9, 2011 3:38am
sorry, Englo lingo guestion here. what is meaing of "dovish"
thx
  • #281,005
  • Jun 9, 2011 3:42am Jun 9, 2011 3:42am
You will hear dovish/hawkish in relation to the accepted tone/analysis of a statement/view connected with a market, dovishness can result in a bearish scenario and hawkishness a bullish scenario.

Ie

hawkish, bullish, buy, long, upside, bid

dovish, bearish, sell, short, doiwnside, ask

G/L
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Quoting sphinx8
sorry, Englo lingo guestion here. what is meaing of "dovish"
thx
ex member
  • #281,006
  • Jun 9, 2011 3:50am Jun 9, 2011 3:50am
hmm, is this usual for market to act so much before the news ?
like -30pips in 30min
  • #281,007
  • Jun 9, 2011 3:51am Jun 9, 2011 3:51am
T-10 for the Uk Boe/Mpc data

Give it a big build up - and it's bound to disappoint Lol !
ex member
  • #281,008
  • Jun 9, 2011 3:52am Jun 9, 2011 3:52am
Quoting bbmac
You will hear dovish/hawkish in relation to the accepted tone/analysis of a statement/view connected with a market, dovishness can result in a bearish scenario and hawkishness a bullish scenario.

Ie

hawkish, bullish, buy, long, upside, bid

dovish, bearish, sell, short, doiwnside, ask

G/L
---------------------------------------------------
Thank you so much for the explanation. Im putting all on pending orders
  • #281,009
  • Jun 9, 2011 3:52am Jun 9, 2011 3:52am
pre release volatility is common on hotly anticipated data/news yes, market participants positioning ahead of the data etc...

Quoting sphinx8
hmm, is this usual for market to act so much before the news ?
like -30pips in 30min
ex member
  • #281,010
  • Jun 9, 2011 3:53am Jun 9, 2011 3:53am
Good Luck

Quoting stfu
Thank you so much for the explanation. Im putting all on pending orders
ex member
  • #281,011
  • Jun 9, 2011 3:54am Jun 9, 2011 3:54am
ahh feel like it will be big move soon, but can't decide which way to play
  • #281,012
  • Jun 9, 2011 3:56am Jun 9, 2011 3:56am
Quoting sphinx8
ahh feel like it will be big move soon, but can't decide which way to play
yep, in eaxctly 3 minutes
Hero calls followed by margin calls...
  • #281,013
  • Jun 9, 2011 3:57am Jun 9, 2011 3:57am
You don't have to.... wait to see which way the market will go (if any decisive move) and follow the money, if not stay flat...it's not compulsary to be involved if no hi-probability opportunity is present.

Whatever you decide

G/L

Quoting sphinx8
ahh feel like it will be big move soon, but can't decide which way to play
ex member
  • #281,014
  • Jun 9, 2011 3:59am Jun 9, 2011 3:59am
Everything seems to stand still right now....one minute to go...
  • #281,015
  • Jun 9, 2011 4:03am Jun 9, 2011 4:03am
nothing happen
  • #281,016
  • Jun 9, 2011 4:06am Jun 9, 2011 4:06am
that is what I thought, when the "verdict" of the news to come is pretty much known and so obvious it is already priced in, or maybe was this past 30mins. so not much happends when it is released, imho at least.....

however still not sure what to do on GU today
  • #281,017
  • Jun 9, 2011 4:07am Jun 9, 2011 4:07am
Quoting untusoft
nothing happen
nope, trickie t will be the highlight today ( ofc regarding the euro)
Hero calls followed by margin calls...
  • #281,018
  • Jun 9, 2011 4:09am Jun 9, 2011 4:09am
moveeeeeeeee im getting nervous.
  • #281,019
  • Jun 9, 2011 4:10am Jun 9, 2011 4:10am
starting to think to go long? 1.64 holds after new, no more GB news today, only major US news, which I believe will be bad, since they are related to uneploymennt? anyone?
  • #281,020
  • Jun 9, 2011 4:14am Jun 9, 2011 4:14am
Quoting sphinx8
starting to think to go long? 1.64 holds after new, no more GB news today, only major US news, which I believe will be bad, since they are related to uneploymennt? anyone?
There are nothing good about unemployment rate. But who knows. Have to wait and see.
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