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Cable Update (GBPUSD)

  • #325,921
  • Oct 5, 2012 2:04am Oct 5, 2012 2:04am
Quoting Davit
Something worth reading
What I have been reading forecast seems positive for US dollar.
I read 120-140k new jobs added in Sept.EU and GU both could tank rabidly.



Time of release: 10/05/2012 12:30 GMT, 8:30 EDT
Primary Pair Impact: EURUSD
Expected: 115K
Previous: 96K
Forecast: 100K to 140K
Why Is This Event Important:
The world’s largest economy is anticipated to add another 115K jobs in September, and the uptick in job growth may increase the appeal of the U.S. dollar...

An interesting read...

Im holding short from yesterday @ 86

Missed the opportunity to add to my position @ around 619x
  • #325,922
  • Oct 5, 2012 2:07am Oct 5, 2012 2:07am
Quoting Davit
Something worth reading
What I have been reading forecast seems positive for US dollar.
I read 120-140k new jobs added in Sept.EU and GU both could tank rabidly.



Time of release: 10/05/2012 12:30 GMT, 8:30 EDT
Primary Pair Impact: EURUSD
Expected: 115K
Previous: 96K
Forecast: 100K to 140K
Why Is This Event Important:
The world’s largest economy is anticipated to add another 115K jobs in September, and the uptick in job growth may increase the...
as I mentioned some days ago..good news for USD are not necessarily good news for EUR

this year it might be risk on on good USD news or risk off on bad USD news
  • #325,923
  • Oct 5, 2012 2:12am Oct 5, 2012 2:12am
Quoting Davit
Something worth reading
What I have been reading forecast seems positive for US dollar.
I read 120-140k new jobs added in Sept.EU and GU both could tank rabidly.



Time of release: 10/05/2012 12:30 GMT, 8:30 EDT
Primary Pair Impact: EURUSD
Expected: 115K
Previous: 96K
Forecast: 100K to 140K
Why Is This Event Important:
The world’s largest economy is anticipated to add another 115K jobs in September, and the uptick in job growth may increase the appeal of the U.S. dollar...
Yes I agree with you we could be looking for a fall here. I am also short
straight down to 16070.
  • #325,924
  • Oct 5, 2012 2:14am Oct 5, 2012 2:14am
who want's intraday targets on EU and GU ?
  • #325,925
  • Oct 5, 2012 2:17am Oct 5, 2012 2:17am
Quoting redbeben
who want's intraday targets on EU and GU ?
Shoot
Loosening is not an option
  • #325,926
  • Oct 5, 2012 2:19am Oct 5, 2012 2:19am
Quoting redbeben
who want's intraday targets on EU and GU ?
heck yeah, I'm currently short from 1.61923, 1st TP 1.61770 hit, tp 2 690, tp 3 490.
  • #325,927
  • Oct 5, 2012 2:20am Oct 5, 2012 2:20am
Quoting A-speculator
well 3x.. some tight ass range.. looking to test a long at 6150.. not shorting tho..
Yesterday was very bullish and with NFP anything can happen. So I will tighten my stops on my swing trades from last week. Was looking really good before yesterday's moves.

I think price will retrace this morning to 1.6150 or even 1.6133 before NFP and then it will sit there with any direction possible, although the daily bullish engulfing pattern suggests there are plenty of buyers in the lower 1.61x region.

I will cover some of my shorts before the news and lock in the rest. I will wish you all a good day's trading and a great weekend.
  • #325,928
  • Oct 5, 2012 2:24am Oct 5, 2012 2:24am
Quoting Vilkas
Shoot
bang bang I shot you dead

ok ok

EU

1.2975 as first stop then 1.2954 and this is line in the sand


below we go 1.2913-18 and last one 1.2872

red numbers are the most likely to be touched ...but I still stick to 2954 as line in the sand


GU

1.6149 as first minor stop then line in the sand 1.6134 as per first TP

if this one gives way we go 1.6098 and last 6062

again red is better


here you go,enjoy

those are only shorts but it is friday and NFP and I would not be surprised to go to the moon
  • #325,929
  • Oct 5, 2012 2:24am Oct 5, 2012 2:24am
lets check how it reacts on fiba 23, posible long

eu also near fibo 23
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  • #325,930
  • Oct 5, 2012 2:25am Oct 5, 2012 2:25am
If 6170 holds it could go to 6230 and depending on momentum maybe even to 6310 during US session...
  • #325,931
  • Oct 5, 2012 2:30am Oct 5, 2012 2:30am
Quoting bbakker
...

I think price will retrace this morning to 1.6150 or even 1.6133 before NFP and then it will sit there with any direction possible, although the daily bullish engulfing pattern suggests there are plenty of buyers in the lower 1.61x region.
...
Quoting redbeben
...

GU

1.6149 as first minor stop then line in the sand 1.6134 as per first TP

if this one gives way we go 1.6098 and last 6062

...

One pip out... lol, but yeah, I agree with your sentiment!

Have a good day's trading redbeben and a nice weekend!
  • #325,932
  • Oct 5, 2012 2:32am Oct 5, 2012 2:32am
Quoting bbakker
One pip out... lol, but yeah, I agree with your sentiment!

Have a good day's trading redbeben and a nice weekend!
same to you,I know I will have a relaxing weekend as I am not trading

aaa....a good idea as this is Friday and NFP would be to buy both pairs on the line in the sand with a 20 pips SL and a TP on EU @ 1.3100 and on GU @ 1.6240
  • #325,933
  • Oct 5, 2012 2:36am Oct 5, 2012 2:36am
Quoting bbakker
Yesterday was very bullish and with NFP anything can happen. So I will tighten my stops on my swing trades from last week. Was looking really good before yesterday's moves.

I think price will retrace this morning to 1.6150 or even 1.6133 before NFP and then it will sit there with any direction possible, although the daily bullish engulfing pattern suggests there are plenty of buyers in the lower 1.61x region.

I will cover some of my shorts before the news and lock in the rest. I will wish you all a good day's trading and a great weekend.
Hey BB

Just a thought, reckon yesterdays move was in preparation for NFP and soo if it is really good, we might get a sell but pretty soon everyone will realise the fed will continue easing and we will go up again.

With BOE keeping rates steady, it will be difficult to go down really. I'm short on Eur but not touching cable today ;-)
@pawpaw1000 on Twitter
  • #325,934
  • Oct 5, 2012 2:38am Oct 5, 2012 2:38am
Stop loss already at BE... Don't like what I see on Cable so prefer shorting Fibre
Attached Image (click to enlarge)
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@pawpaw1000 on Twitter
  • #325,935
  • Oct 5, 2012 2:42am Oct 5, 2012 2:42am
Quoting bbakker
Yesterday was very bullish and with NFP anything can happen. So I will tighten my stops on my swing trades from last week. Was looking really good before yesterday's moves.

I think price will retrace this morning to 1.6150 or even 1.6133 before NFP and then it will sit there with any direction possible, although the daily bullish engulfing pattern suggests there are plenty of buyers in the lower 1.61x region.

I will cover some of my shorts before the news and lock in the rest. I will wish you all a good day's trading and a great weekend.

Same to you bro
  • #325,936
  • Oct 5, 2012 4:17am Oct 5, 2012 4:17am
on m5 buy setup.

i think already time to buy
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  • #325,937
  • Oct 5, 2012 4:19am Oct 5, 2012 4:19am
Quoting walkman
on m5 buy setup.

i think already time to buy

I respect your analysis, however Im waiting for 73 to break to the downside...
  • #325,938
  • Edited 4:43am Oct 5, 2012 4:32am | Edited 4:43am
Quoting Freshpips
I respect your analysis, however Im waiting for 73 to break to the downside...
anything can happen

but in general why do you you think that it should go down.

its in the top of channel?
  • #325,939
  • Oct 5, 2012 4:42am Oct 5, 2012 4:42am
need break to go up.

or it bounce and will go down.

but trend is a friend... yes?
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  • #325,940
  • Oct 5, 2012 4:51am Oct 5, 2012 4:51am
Quoting walkman
anything can happen

but in general why do you you think that it should go down.

its in the top of channel?

Thinking after 120+ pip upards move with 2 tests of 62 on m30 confirming it as potential top, I was more inclined to to project a correction of sorts first before market deciding its overall direction, either change in trend or bullish resumption..

But you never know on NFP day...

Plus im short from 86 so obviously I want the bears to step it up

Although looks like you were spot on bro
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