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Cable Update (GBPUSD)

  • #311,461
  • May 4, 2012 6:53am May 4, 2012 6:53am
NZD LFX


Quoting Bones
no
Attached Image (click to enlarge)
Click to Enlarge Name: nzd lfx 4-5 2 d1 2.gif Size: 25 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #311,462
  • May 4, 2012 6:58am May 4, 2012 6:58am
Good day to you,

Just looking at the NFP forecast - 173K vs previous 120K. I'm stupid with these things...

The point I want to make - is that not too big a difference in expectation? Is it not bound to disappoint?

Just asking

Regards
  • #311,463
  • May 4, 2012 7:00am May 4, 2012 7:00am
Quoting bguguen
i know it looks very bullish but heres what im seeing... GBPNZD broke above the top of the bollinger band in the weekly... the last time GBPNZD closed above a the top of the bollinger band in weekly chart, gave a Major bear move the next week...
so im hoping this is the case, sending GBPNZD back to 2.0000 and beyond.... not sure if its gona get to 1.9625 but any move down would be nice... and im willing to start over again.... but not with 4000 USD left in the account.... maybe form 7000 usd if possible...
im seriously hoping NFP today would send...

Thats why i am holding my underwater GBP/USD shorts.
  • #311,464
  • May 4, 2012 7:00am May 4, 2012 7:00am
no

lol


Quoting ams
I reckon it's screaming breakout on the UP side... bull pattern...we will see..not the last time I would be wrong .
The fun in this business is, it's fun to seek probabilities

Always challenging like games...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #311,465
  • May 4, 2012 7:01am May 4, 2012 7:01am
candles say to me sell bones SELL
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #311,466
  • May 4, 2012 7:02am May 4, 2012 7:02am
numbers to watch :

NFP Employment Change : Forecast 170K
Unemployement: 8.2%

if > 200 and 8.2% or less good for dollar bulls http://www.smileygarden.de/smilie/Ba...e_banana93.gif
if < 100 and 8.3% or more good for cable bulls http://www.smileygarden.de/smilie/Ba...e_banana42.gif

http://www.smileygarden.de/gen/smile...fe3276cac3.png
  • #311,467
  • May 4, 2012 7:02am May 4, 2012 7:02am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
It is but the point is, will dollar be bought or sold on this....
Market is funny with these things....
When we had free money available, dollar used to be sold eitherways. Now, that's not the case and dollar should be bought instead. However, we still see major players taking the P*SS out of traders regardless as they have power of money

Quoting TauTrader
Good day to you,

Just looking at the NFP forecast - 173K vs previous 120K. I'm stupid with these things...

The point I want to make - is that not too big a difference in expectation? Is it not bound to disappoint?

Just asking

Regards
  • #311,468
  • May 4, 2012 7:03am May 4, 2012 7:03am
Quoting torkay77
numbers to watch :

NFP Employment Change : Forecast 170K
Unemployement: 8.2%

if > 200 and 8.2% or less good for dollar bulls http://www.smileygarden.de/smilie/Ba...e_banana93.gif
if < 100 and 8.3% or more good for cable bulls http://www.smileygarden.de/smilie/Ba...e_banana42.gif

http://www.smileygarden.de/gen/smile...fe3276cac3.png
I am out of my GBP shorts in profit but less than what I expected.

Got a bit nervous ahead of the data and also the fact that it did not test 1.6151 worries me.
  • #311,469
  • May 4, 2012 7:04am May 4, 2012 7:04am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
Hmm so you are short...I am thinking of putting long order @ 61-6150 in 2 parts but rather go large when it spikes then now. So will wait.


Quoting Bones
no

lol
  • #311,470
  • May 4, 2012 7:06am May 4, 2012 7:06am
?

btw not always right
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd 3-5-12 7 5 h1 2.gif Size: 18 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #311,471
  • May 4, 2012 7:06am May 4, 2012 7:06am
Quoting PoundTrader
ok boys and girls we have 40 min before NFP here's my trade above, wish everyone luck. be back after NFP
Best of luck. Let's hope that NFP causes some kind of movement. Cable has been range-bound since late Monday, stuck between a higher range of 1.6240-1.6190 and, more recently, between 1.6190-1.6165.

There is a clear downtrend (but I don't know yet how strong!), which started on Monday and which suggests that Cable would be rejected at 1.6215. However, there is also a very strong Uptrend (which is the way major trend since late Jan.) which commenced on April 13th and which has been battered and bruised at the 1.6165 mark over the last few days. Also, the 1.6165 level is the Oct./Nov. high from the rebound off 1.5300 at the start of Oct.

In other words, 1.6165 is going to be very difficult to get through!!
  • #311,472
  • May 4, 2012 7:07am May 4, 2012 7:07am
i moved position to gbp jpy


Quoting ams
Hmm so you are short...I am thinking of putting long order @ 61-6150 in 2 parts but rather go large when it spikes then now. So will wait.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #311,473
  • May 4, 2012 7:08am May 4, 2012 7:08am
sell as in SELLLLLLLLLLLLLLLLLLLLLLL
  • #311,474
  • May 4, 2012 7:12am May 4, 2012 7:12am
Quoting ams
It is but the point is, will dollar be bought or sold on this....
Market is funny with these things....
When we had free money available, dollar used to be sold eitherways. Now, that's not the case and dollar should be bought instead. However, we still see major players taking the P*SS out of traders regardless as they have power of money
Ok. Cool. My Gu trade is out the window as we approach my 1.6163. Easy scalp I let go there. Live and learn.

Moving to EU.

Regards and be safe
  • #311,475
  • May 4, 2012 7:12am May 4, 2012 7:12am
h4
Attached Image (click to enlarge)
Click to Enlarge Name: lfx jpyx 4-5 2 d1 2.gif Size: 29 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #311,476
  • May 4, 2012 7:15am May 4, 2012 7:15am
Quoting PoundTrader
somebody end my misery, market better move when NFP comes out http://im-smiley.com/imgs/violent/violent039.gif

should have shorted crude at 3am.....it has been straight down since then.....2 dollars straight down.
I don't trust any move - when you have profit...take it.
  • #311,477
  • May 4, 2012 7:18am May 4, 2012 7:18am
Quoting TauTrader
Ok. Cool. My Gu trade is out the window as we approach my 1.6163. Easy scalp I let go there. Live and learn.

Moving to EU.

Regards and be safe
Does 1.3272 sound weird to you?

Regards
  • #311,478
  • May 4, 2012 7:21am May 4, 2012 7:21am
Good trading all!
  • #311,479
  • May 4, 2012 7:21am May 4, 2012 7:21am
G/L to all re forthcoming NFP - at least it might break this 1hr/4hr range ?

near-term current 1hr as below. To the downside - per my previous analysis posted earlier.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 121 KB
ex member
  • #311,480
  • May 4, 2012 7:22am May 4, 2012 7:22am
I was up at 3:30AM EST and watched the chop....went back to bed at 5:00AM EST got up now at 8:00AM and price is in the same spot....just lots of chop.......what should that tell me.....

I know.....I must remember what I posted very early this morning. If anyone is interested in what I said earlier you can find it here.....

http://www.forexfactory.com/showthre...87#post5636287


Will stick to it.....

Faller.
I don't trust any move - when you have profit...take it.
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