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Cable Update (GBPUSD)

  • #318,261
  • Jul 6, 2012 7:08am Jul 6, 2012 7:08am
Jeez , why is the room so quiet ?
  • #318,262
  • Jul 6, 2012 7:20am Jul 6, 2012 7:20am
Quoting bguguen
Recorded 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...
Mate, 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.
Come with me if you want to live....
  • #318,263
  • Jul 6, 2012 7:35am Jul 6, 2012 7:35am
WTF, they called this NFP day and this is the move it makes
  • #318,264
  • Jul 6, 2012 7:36am Jul 6, 2012 7:36am
Quoting Ill-b-back
Mate, 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.
80k.... slightly worse than expected... but better than previous....
initial reaction is risk off because its worse than expected.... but what would people do when they see its better than previous??
Like i said.... immediately after red number we get Risk off... Gold FLying up, Euro losing value, GBP losing value and Dollar Rising....
but Dollar is weakening against gold....
Initial Reaction is Risk Off....

for me i want to sit out of this until i see a clear direction....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #318,265
  • Jul 6, 2012 7:40am Jul 6, 2012 7:40am
Quoting PoundTrader
WTF, they called this NFP day and this is the move it makes
market 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....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #318,266
  • Jul 6, 2012 7:40am Jul 6, 2012 7:40am
Quoting Ill-b-back
Mate, 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.
Hi 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 ....please check it...many refference mentioning about this winning rate....

But this is our way, nothing gonna be easy...

Good luck....
  • #318,267
  • Jul 6, 2012 7:46am Jul 6, 2012 7:46am
Quoting bguguen
market 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....
my happy ass went long at 1.5520
  • #318,268
  • Jul 6, 2012 7:46am Jul 6, 2012 7:46am
Quoting PoundTrader
Look like a nice long long at 1.5520, s/l 1.5474, t/p 1.5598
im about to get out
  • #318,269
  • Jul 6, 2012 7:47am Jul 6, 2012 7:47am
Quoting Red Alert
Hi 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...
He he, that's romantic Red
Our's is not to ask the question why, but to do or die eh
Come with me if you want to live....
  • #318,270
  • Jul 6, 2012 7:48am Jul 6, 2012 7:48am
Good day,

Another 14 minutes then north (long) for 12 hrs?

Regards
  • #318,271
  • Jul 6, 2012 7:48am Jul 6, 2012 7:48am
im still in
  • #318,272
  • Jul 6, 2012 7:49am Jul 6, 2012 7:49am
Quoting Ill-b-back
He he, that's romantic Red
Our's is not to ask the question why, but to do or die eh
I like it mate...,
  • #318,273
  • Jul 6, 2012 7:50am Jul 6, 2012 7:50am
Quoting PoundTrader
my happy ass went long at 1.5520
she's out at break even, damn
  • #318,274
  • Jul 6, 2012 7:51am Jul 6, 2012 7:51am
Quoting PoundTrader
im about to get out
Yep, I just got out too. Been a good week, not going to blow it on Friday
Come with me if you want to live....
  • #318,275
  • Jul 6, 2012 7:53am Jul 6, 2012 7:53am
Sorry 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....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #318,276
  • Jul 6, 2012 8:19am Jul 6, 2012 8:19am
Clearly supply leading up to 5550 (daily pivot, underside of prev daily asc t/line, 1hr desc t/line 38.2% 5711-5498) - as there seems to be demand at yesterday's low. Which one will break first ?

To the downside:
[ 5507-5498 prev minor 4hr/1hr sw lo zone
[ 5505-5492-83-76-72 prev Dly/4hr/1hr (Dly/4hr only to 5472) sw lo zone, incl 5491=76.4% 5402-5776, and 5473=Daily S1 @/around
5466-52 prev Dly/4hr sw lo zone, incl 5460=61.8% main 5267-5776 move, and 5457=85.4% 5402-5776
5427 76.4% 5320-5776
5425 Daily S2 @/around
5412-02 prev minor 4hr sw hi x2 & Dly/4hr sw lo zone incl 5404=Weekly S2 @/around
5389 Monthly S1 @/around
5388/87/86 Monthly S1 @/around/85.4% 5320-5776/76.4% main 5276-5776 move
5351 Daily S3 @/around
5340 85.4% main 5267-5776 move
5332-19 prev Dly/4hr sw lo zone incl 5324 = Weekly S3 @/around
5315-10 ascending weekly trend line on current daily candle
5281-66-34 Prev Wkly/Dly/4hr sw lo zone (Wkly/Dly only to 5234)

G/L
ex member
  • #318,277
  • Jul 6, 2012 8:26am Jul 6, 2012 8:26am
Quoting Ill-b-back
Yep, I just got out too. Been a good week, not going to blow it on Friday
Well, just got a system entry to go short on the retest. Let's see if I can fuck my week up.
Come with me if you want to live....
  • #318,278
  • Jul 6, 2012 8:27am Jul 6, 2012 8:27am
1.55000 may NOT hold - Sell!
  • #318,279
  • Jul 6, 2012 8:31am Jul 6, 2012 8:31am
[quote=Compulsive;5816687]Target still 1.5300

Revising target to 1.45000
  • #318,280
  • Jul 6, 2012 8:41am Jul 6, 2012 8:41am
Quoting bguguen
Sorry 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....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
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