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Cable Update (GBPUSD)

  • #355,261
  • Dec 4, 2013 1:05pm Dec 4, 2013 1:05pm
http://www.federalreserve.gov/moneta...k_20131204.pdf
fortis fortuna adiuvat
  • #355,262
  • Dec 4, 2013 1:10pm Dec 4, 2013 1:10pm
Quoting GlobalMacro
{quote} {quote} Added to long position @ 1.6376 .

I think there are a few other bulls around here.

I almost sold my position at a profit last night, but held hoping we find a new high today. I was a little disappointed by the news releases.
  • #355,263
  • Edited 2:13pm Dec 4, 2013 1:28pm | Edited 2:13pm
Quoting A-speculator
{quote} yeah, sometime need to beat harsh retreat.. well, if you're interested, might want to see kiwi 4h.. consolidation there..
You're an honest man. Better luck next time!
Hear the music before the song is over ...
  • #355,264
  • Dec 4, 2013 1:34pm Dec 4, 2013 1:34pm
Quoting Baggi
{quote} I think there are a few other bulls around here. I almost sold my position at a profit last night, but held hoping we find a new high today. I was a little disappointed by the news releases.
I'm still holding whats left of my long at 1.6242, but I have my doubts about making new highs.
Until I see a break and close below 1.6240 or above 1.6437, I'm quite happy sitting back with some popcorn. I may trade the range intraday, but not until after NFP, by which time we may actually have a breakout anyway.
Those who say it cannot be done should not interrupt those who are doing it
  • #355,265
  • Dec 4, 2013 1:35pm Dec 4, 2013 1:35pm
Quoting Baggi
{quote} I think there are a few other bulls around here. I almost sold my position at a profit last night, but held hoping we find a new high today. I was a little disappointed by the news releases.
Oh Alright...Welcome aboard then.

This week's event risks were used by those wanting to keep price away from overhead barriers.

What level are you long from?
Hear the music before the song is over ...
  • #355,266
  • Dec 4, 2013 1:37pm Dec 4, 2013 1:37pm
Quoting GlobalMacro
{quote} Oh Alright...Welcome aboard then. This week's event risks were used by those wanting to keep price away from overhead barriers. What level are you long from?

I have two longs. 6359 and 6395.
  • #355,267
  • Dec 4, 2013 1:38pm Dec 4, 2013 1:38pm
Quoting deltaone
{image}

90% of traders use TA, indicators and prediction
  • #355,268
  • Dec 4, 2013 1:38pm Dec 4, 2013 1:38pm
Quoting chazzle
{quote} I agree you need at least 3

90% of traders use TA, indicators and prediction
  • #355,269
  • Dec 4, 2013 1:38pm Dec 4, 2013 1:38pm
Quoting Baggi
{quote} I have two longs. 6359 and 6395.
I bought both of this earlier this week. I suppose if I were smarter I could have sold, bought back and sold again.

Oh well.
  • #355,270
  • Dec 4, 2013 1:41pm Dec 4, 2013 1:41pm
any idea here about how long the opec thing can hold weak the $?
i mean... is just a spike, a matter of last 2 hours just for the taste to kill someone.... or can it give power for the whole week or next week?


:nerd:
90% of traders use TA, indicators and prediction
  • #355,271
  • Dec 4, 2013 1:45pm Dec 4, 2013 1:45pm
Quoting _BBKing_
any idea here about how long the opec thing can hold weak the $? i mean... is just a spike, a matter of last 2 hours just for the taste to kill someone.... or can it give power for the whole week or next week? :nerd:
I am not going to try and make sense of what is happening until after NFP Friday. Too much volatility lately. Lower liquidity is not helping either.
Those who say it cannot be done should not interrupt those who are doing it
  • #355,272
  • Dec 4, 2013 1:48pm Dec 4, 2013 1:48pm
Quoting Baggi
{quote} I bought both of this earlier this week. I suppose if I were smarter I could have sold, bought back and sold again. Oh well.
I hear you...all that commotion can be irritating if you have to sit it through, but on the bright side you'd make less mistakes that way.
Hear the music before the song is over ...
  • #355,273
  • Dec 4, 2013 1:54pm Dec 4, 2013 1:54pm
I don't understand the predictions this time around. I'm looking at the GDP and the Unemployment predictions and I'm thinking, "Did they forget about Christmas?"

Seems like we should have much higher GDP numbers and much lower unemployment, when you consider all the economic activity at this time of the year.
  • #355,274
  • Dec 4, 2013 1:56pm Dec 4, 2013 1:56pm
Cable is a mess today, volatile as hell! Anyone feeling the same?
  • #355,275
  • Dec 4, 2013 2:03pm Dec 4, 2013 2:03pm
Quoting PipTrapper
{quote} I am not going to try and make sense of what is happening until after NFP Friday. Too much volatility lately. Lower liquidity is not helping either.
ye this nfp should give a lot of damages in the fx market...
but in my opinion, soon the fed will come out saying
"we are thinking to prepare a plan to eventually end the QE programme because blah blah"

so not confirming anything at all...
just to give a push. to test market strength once more

that will be the day when fireworks start
90% of traders use TA, indicators and prediction
  • #355,276
  • Dec 4, 2013 2:45pm Dec 4, 2013 2:45pm
I also think, based on stories about the unemployment numbers prior to the 2012 election, we will see manipulation in those numbers.

This administration is currently suffering from sinking poll numbers. It needs a boost. The best way to get that boost is through a recovering economy. A recovering economy will take Obamacare out of the headlines. Say, a drop below 7% unemployment?
  • #355,277
  • Dec 4, 2013 3:06pm Dec 4, 2013 3:06pm
Quoting Baggi
I also think, based on stories about the unemployment numbers prior to the 2012 election, we will see manipulation in those numbers. This administration is currently suffering from sinking poll numbers. It needs a boost. The best way to get that boost is through a recovering economy. A recovering economy will take Obamacare out of the headlines. Say, a drop below 7% unemployment?
With the latest strength in the employment components of the PMI's, the lower jobless claims numbers and the strong ADP with previous revisions, I would not be surprised if we see an unemployment of 7.1% on Friday... add some manipulation to that and we could easily see 7.0%
Those who say it cannot be done should not interrupt those who are doing it
  • #355,278
  • Dec 5, 2013 1:02am Dec 5, 2013 1:02am
Quoting PipTrapper
{quote} With the latest strength in the employment components of the PMI's, the lower jobless claims numbers and the strong ADP with previous revisions, I would not be surprised if we see an unemployment of 7.1% on Friday... add some manipulation to that and we could easily see 7.0%

I am short both GU and EU feel good about it.
QE cuts may start as early as Jan 2014
In trading, you have to be defensive and aggressive at the same time
  • #355,279
  • Dec 5, 2013 1:23am Dec 5, 2013 1:23am
Quoting Davit
{quote} I am short both GU and EU feel good about it. QE cuts may start as early as Jan 2014
  • #355,280
  • Edited 8:24am Dec 5, 2013 1:24am | Edited 8:24am
Was thinking short on eur/gbp/aud but considering long, still waiting for news though... might be safer to wait for tomorrow which more than likely will be a continuation of today (if they pop tonight).
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