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Cable Update (GBPUSD)

  • #304,701
  • Mar 22, 2012 7:35am Mar 22, 2012 7:35am
Quoting PoundTrader
yes i think it's going down, so i went short 1.5877, s/l 1.5929, t/p 1.5781
about damn time
  • #304,702
  • Mar 22, 2012 7:36am Mar 22, 2012 7:36am
Better than expected... but still not a great number. Like you said Faller, initial market reaction is down, but I don't trade the news so I am not in any position right now.

Market is trying to squeeze them longs, then probably squeeze them shorts on the reaction of the news before making the move once NY opens....
  • #304,703
  • Mar 22, 2012 7:38am Mar 22, 2012 7:38am
Quoting A-speculator
no movement? i think all the bad news for today has been factored in the market.. turn out to be my EG position is moving.. LOL.
CAD retail sales drops - showed that in north america same shit as in Europe. But Unemployment Claims really fine - may be because of the weather again...
69
  • #304,704
  • Mar 22, 2012 7:39am Mar 22, 2012 7:39am
Quoting Faller
See.........
Not so fast... at the moment I see movement in both directions...

Equities up, oil up, gold up... risk on! EU breaking north... SEE!

Anyway, time for me to go... have a great day Faller and I wish you success with your trading!
  • #304,705
  • Mar 22, 2012 7:42am Mar 22, 2012 7:42am
Quoting PoundTrader
about damn time
Great trade PT
Gone to a better place
  • #304,706
  • Mar 22, 2012 7:44am Mar 22, 2012 7:44am
Quoting 45Condor
You mean, like, another move down to the 23.6 FE, and if it breaks this time, the 38.2 FE...hey, I ain't saying owt, just looking.
Soz, I was just having a bite to eat. Yes, it will go down and if not, it will go up. LOL. I didn't realise this, but it went to nearly parity some 30 odd years ago.
Gone to a better place
  • #304,707
  • Mar 22, 2012 7:45am Mar 22, 2012 7:45am
Quoting Likerty
CAD retail sales drops - showed that in north america same shit as in Europe. But Unemployment Claims really fine - may be because of the weather again...
maybe because we are at support level.. that is why the numbers turns green.. lol.
  • #304,708
  • Mar 22, 2012 7:48am Mar 22, 2012 7:48am
Quoting bbakker
Better than expected... but still not a great number. Like you said Faller, initial market reaction is down, but I don't trade the news so I am not in any position right now.

Market is trying to squeeze them longs, then probably squeeze them shorts on the reaction of the news before making the move once NY opens....
and I suspect the move will be a continuation to the downside... The NY traders want a better price to sell at!
  • #304,709
  • Mar 22, 2012 7:49am Mar 22, 2012 7:49am
Quoting smikester
Soz, I was just having a bite to eat. Yes, it will go down and if not, it will go up. LOL. I didn't realise this, but it went to nearly parity some 30 odd years ago.

Okay, I'll take a short on my smallest lot available, SL 1.61, and target that 38.2 FE... expect to collect year end sometime.

Wish me luck...

Edit: And 'soz'; by heck 'r' kid, you're a bit local.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #304,710
  • Mar 22, 2012 7:56am Mar 22, 2012 7:56am
Quoting bbakker
and I suspect the move will be a continuation to the downside... The NY traders want a better price to sell at!
let the continuation takes place tomorrow.. let what's left for today and asian session tomorrow for the retracement..
  • #304,711
  • Mar 22, 2012 7:58am Mar 22, 2012 7:58am
Quoting A-speculator
let the continuation takes place tomorrow.. let what's left for today and asian session tomorrow for the retracement..
Not a bad call at all... we will see what NY's appetite is.
  • #304,712
  • Mar 22, 2012 8:06am Mar 22, 2012 8:06am
Quoting bbakker
Not so fast... at the moment I see movement in both directions...

Equities up, oil up, gold up... risk on! EU breaking north... SEE!

Anyway, time for me to go... have a great day Faller and I wish you success with your trading!

???? respect you but.....oil up? gold up?
I don't trust any move - when you have profit...take it.
  • #304,713
  • Mar 22, 2012 8:07am Mar 22, 2012 8:07am
Quoting 45Condor
Okay, I'll take a short on my smallest lot available, SL 1.61, and target that 38.2 FE... expect to collect year end sometime.

Wish me luck...
If I were to do that, I might put my SL at 1.6350, giving >3 : 1
Gone to a better place
  • #304,714
  • Mar 22, 2012 8:11am Mar 22, 2012 8:11am
Quoting Faller
???? respect you but.....oil up? gold up?
Initial reaction to the news, price hit supply and is now going down. Long-term I see further gold and oil weakening!

You know what the initial reaction was!
  • #304,715
  • Mar 22, 2012 8:23am Mar 22, 2012 8:23am
Quoting smikester
If I were to do that, I might put my SL at 1.6350, giving >3 : 1
1.63 region certainly an area of resistance, and accept your observation... picked my first area around the 1.61 region as this tallies a touch with the last major spike north of the descending magenta TL/swing high on a daily.

As pointed out, more of a speculative trade on a lot amount that will not keep me awake at night... you know, just a 5 lot spot trot.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #304,716
  • Mar 22, 2012 8:30am Mar 22, 2012 8:30am
Quoting bbakker
Initial reaction to the news, price hit supply and is now going down. Long-term I see further gold and oil weakening!

You know what the initial reaction was!
Agreed on the gold weakening. Personally i expect gold to be about 1200-1300 region..
  • #304,717
  • Mar 22, 2012 8:50am Mar 22, 2012 8:50am
Quoting 45Condor
1.63 region certainly an area of resistance, and accept your observation... picked my first area around the 1.61 region as this tallies a touch with the last major spike north of the descending magenta TL/swing high on a daily.

As pointed out, more of a speculative trade on a lot amount that will not keep me awake at night... you know, just a 5 lot spot trot.
You are serious aren't you? Well if it's only 5 lots it's worth a dabble. What is it exactly you are after? Do you want a vouch?
Gone to a better place
  • #304,718
  • Mar 22, 2012 9:04am Mar 22, 2012 9:04am
Quoting A-speculator
i think u're in the wrong thread mate.. furthermore, on what basis is your TA?
nothing special just Experience
  • #304,719
  • Mar 22, 2012 10:14am Mar 22, 2012 10:14am
Quoting smikester
Great trade PT
  • #304,720
  • Mar 22, 2012 10:25am Mar 22, 2012 10:25am
Quoting Fx.Fishermen
GBPJPY,
EURJPY

Both on sell looking for 50-70 pips for today,

Target are 131.60-70
Target 109.40-50.

Lets see what happens.
what ever i write here i trade in real accounts real time.



Thank You.
Waqas
Nice Drop.
took a lot of pips lately.
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