Jeez , why is the room so quiet ?
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DislikedRecorded lows and not far ago.... 1.5270 area happened at October 2011 and January 2012
October 2011 Actual 103K, Forecast 55k, Previous (A) 57K (Green Number)
January 2012 Actual 200k, Forecast 152k, Previous (A) 100K (Green Number)
So the Green number Helped to Keep a bottom on GBPUSD (Of which 5270 was a support) the January candle recorded a low of 5232 but month closed back above 5270 hence a rejection on support
which resulted to a Rally around April 2012... Tada... So Green Number Does help to Push GBPUSD Up....
BTW.... January...Ignored
DislikedMate, I'm Not disputing green numbers cause rally's, not at all. I'm simply confused like BB that sometimes red numbers like Junes cause rally's also, and I don't know why??? June's number was absolute crap but up we went that's all, I'm not questioning your logic or judgement mate, just trying to figure things out.Ignored
DislikedMate, I'm Not disputing green numbers cause rally's, not at all. I'm simply confused like BB that sometimes red numbers like Junes cause rally's also, and I don't know why??? June's number was absolute crap but up we went that's all, I'm not questioning your logic or judgement mate, just trying to figure things out.Ignored
Dislikedmarket has no friggin clue where to go...
GBPUSD to fall according to Actual Worse than Expectations?
or to rise according to Actual Better than Previous??
Who the fuck knows?? stay out....Ignored
DislikedHi Mate, what exactly driving the market is complex....so many thing running behind us....logically with the positive data should give good impact to the currency...but sometime we got the opposite, it's mean, it should be something with bigger impact than the data "running".
I still believe that the market can't be predicted easily based on the data release periodically, if it predictable based on economic data, forex will be too easy and many trader will win. But the fact, few will be choosen to be winner (2-5%), the remaining is just a looser...Ignored
DislikedHe he, that's romantic Red
Our's is not to ask the question why, but to do or die ehIgnored
DislikedYep, I just got out too. Been a good week, not going to blow it on FridayIgnored
DislikedSorry mates but i did say... that if number comes out red ie worse than expected..... You should see a risk off move... but a lot of traders can get confused with a Better than Previous yet Worse than Expectations figures....
Risk is SERIOUSLY off....
look at EURUSD tank, look at GBPUSD tank... Look at USDJPY tank... look at XAUUSD fly...
on Risk aversion... EURUSD falls, GBPUSD falls, when those falls translate to USD strength... look at XAUUSD and you'll see the Dollar strength actually goes to GOLD an no where else....
GBPUSD has a lot to fall if 1.5500 doesnt hold it....
and i think 1.5500 will break... given the fact M15 showing bollinger widening, bearish signals across, and today's range is only 45 pips against 5,10 and 30 day average range of around 100+ pips.... suggests there still more room to move down IF it goes down....Ignored