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  • #872,541
  • Jan 28, 2014 2:51am Jan 28, 2014 2:51am
Quoting kuroro001
{quote} Still waiting for this LL And with GU GBP coming out, EU may be affected, so sideline until news
Well , its bad GDP numbers - so the Euro will be bought and Cable sold ...

Trying again small long , stop under the last selling candle ..
"It's the Margin, Stupid."
  • #872,542
  • Jan 28, 2014 2:55am Jan 28, 2014 2:55am
all eyes on cable....
  • #872,543
  • Jan 28, 2014 2:55am Jan 28, 2014 2:55am
Quoting Suffo
buy 658 sl 638
Short at the same level. Not sure which way
  • #872,544
  • Jan 28, 2014 2:56am Jan 28, 2014 2:56am
Quoting Vachus
{quote} Well , its bad GDP numbers - so the Euro will be bought and Cable sold ... Trying again small long , stop under the last selling candle ..
surely you mean IF its bad GDP numbers
  • #872,545
  • Jan 28, 2014 2:56am Jan 28, 2014 2:56am
morning guys

l 60
fokyou forexfactory
  • #872,546
  • Jan 28, 2014 2:58am Jan 28, 2014 2:58am
Quoting attila
{quote} Bull Shit.. How about the probability of one (TP) being hit before the SL.. SL should be in a place where the price has no business going. Hence the name "Stop Loss". Period. Why do you need a stop loss to know that you were wrong (unless you are away from the screens)? Don't you know when wrong? Then you are the one gambling.. You guys talk mostly out of your ass and without a damn clue..
im 24HRS manually on standby for SL or TP....,call me crazy shit or whatever but my style.
  • #872,547
  • Jan 28, 2014 2:58am Jan 28, 2014 2:58am
Quoting MaxDoom
{quote} surely you mean IF its bad GDP numbers
Surely i don't ... the estimates are usually made by the central banks and they are mostly accurate! If i was trading Cable , i would take it blindly short now.
"It's the Margin, Stupid."
  • #872,548
  • Jan 28, 2014 3:02am Jan 28, 2014 3:02am
Quoting Vachus
{quote} Surely i don't ... the estimates are usually made by the central banks and they are mostly accurate! If i was trading Cable , i would take it blindly short now.
what number do you have then that is so bad?
  • #872,549
  • Jan 28, 2014 3:04am Jan 28, 2014 3:04am
Quoting MaxDoom
{quote} what number do you have then that is so bad?
I don't , but what is projected is a decline .. so its going to be " not as good as expected " ( I don't trade Cable, but i would say this is sell it against Euro and Euro should rally ". But what do i know.
"It's the Margin, Stupid."
  • #872,550
  • Jan 28, 2014 3:09am Jan 28, 2014 3:09am
no mouney no say

british could be a strong buy thru news, nevertheless the news.
after is a different story

bought little on this little retrace
tight pigz
  • #872,551
  • Jan 28, 2014 3:13am Jan 28, 2014 3:13am
its ready
Attached Image (click to enlarge)
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fokyou forexfactory
  • #872,552
  • Jan 28, 2014 3:14am Jan 28, 2014 3:14am
Quoting Vachus
{quote} I don't , but what is projected is a decline .. so its going to be " not as good as expected " ( I don't trade Cable, but i would say this is sell it against Euro and Euro should rally ". But what do i know.
well you are making a classic error here regardless of the outcome....

one number does not make a fundamental analysis....... a number that is projected at 0.7 v 0.8 last time may appear as a dip (or in your case confirmed as "it's bad GDP numbers" but that is not really a miss and more importantly it does not alter the upward trend in the numbers

equally, the problem with analysts estimates is they are right until they are wrong, and they are often wrong - analysts generally have sheep mentality and those that are good enough to call an outlier number generally will use that information rather than provide it to the pollsters.

so even if the number comes in as per the estimates, that is not a bad number....
  • #872,553
  • Jan 28, 2014 3:15am Jan 28, 2014 3:15am
did apple fall 8% cus of the analysts?
out cable-4
  • #872,554
  • Jan 28, 2014 3:16am Jan 28, 2014 3:16am
Good or bad numbers won't change anything....will focus on the PA rather than the news.

Minutes-15 !
COT: The precious data ignored
  • #872,555
  • Jan 28, 2014 3:27am Jan 28, 2014 3:27am
Quoting MaxDoom
{quote} well you are making a classic error here regardless of the outcome.... one number does not make a fundamental analysis....... a number that is projected at 0.7 v 0.8 last time may appear as a dip (or in your case confirmed as "it's bad GDP numbers" but that is not really a miss and more importantly it does not alter the upward trend in the numbers equally, the problem with analysts estimates is they are right until they are wrong, and they are often wrong - [b]analysts generally have sheep mentality and those that are good enough...
A)- I didn't draw a fundamental analysis based on one number, i was merely referring to a short term fluctuation that presents an opportunity either for short selling or buying on a dip .. ( Long term wise, bullish on Cable is the case )

B)- I wouldn't really call Bank of England's anaylsts cheap ones , they are mostly the best economists out there or in the same league as the good ones. Its a great honor for an economist /anaylst to serve in such an institution full of intelligent people.

C) We will know in few minutes ...

Cheers
"It's the Margin, Stupid."
  • #872,556
  • Jan 28, 2014 3:31am Jan 28, 2014 3:31am
kinda surprised we havent taken 3652 out yet today..
Look Sharp/Trade Tight
  • #872,557
  • Jan 28, 2014 3:33am Jan 28, 2014 3:33am
Quoting PayTheLimit
kinda surprised we havent taken 3652 out yet today..
So i am
COT: The precious data ignored
  • #872,558
  • Jan 28, 2014 3:34am Jan 28, 2014 3:34am
Quoting Vachus
{quote} A)- I didn't draw a fundamental analysis based on one number, i was merely referring to a short term fluctuation that presents an opportunity either for short selling or buying on a dip .. ( Long term wise, bullish on Cable is the case ) B)- I wouldn't really call Bank of England's anaylsts cheap ones , they are mostly the best economists out there or in the same league as the good ones. Its a great honor for an economist /anaylst to serve in such an institution full of intelligent people. C) We will know in few minutes ... Cheers ...
I bought the dip @ 6570
  • #872,559
  • Jan 28, 2014 3:35am Jan 28, 2014 3:35am
Quoting PayTheLimit
kinda surprised we havent taken 3652 out yet today..
It was too much selling pre London that if we make to 3652 i think it might break down ...

Quoting MaxDoom
{quote} I bought the dip @ 6570
Good Luck
"It's the Margin, Stupid."
  • #872,560
  • Jan 28, 2014 3:39am Jan 28, 2014 3:39am
Quoting Vachus
{quote} It was too much selling pre London that if we make to 3652 i think it might break down ... {quote} Good Luck

if it breaks, I might look for a bounce to get short, otherwise I'm long against it from yesterdays test..
Look Sharp/Trade Tight
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