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Cable Update (GBPUSD)

  • #361,101
  • Jan 28, 2014 7:32am Jan 28, 2014 7:32am
........

Always before FOMC .... US Data becomes "mixed"

Consumer confidence should be interesting
  • #361,102
  • Jan 28, 2014 7:34am Jan 28, 2014 7:34am
Quoting Ill-b-back
{quote} No unfortunately, a local
Hey, we're all friends, no?
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #361,103
  • Jan 28, 2014 8:06am Jan 28, 2014 8:06am
Quoting Ken A
There's hope Green or red {image}
green or red, i donīt care. the main thing is vola. hopefully there will be a lot of it.
fortis fortuna adiuvat
  • #361,104
  • Jan 28, 2014 8:10am Jan 28, 2014 8:10am
Quoting 45Condor
{quote} Hey, we're all friends, no?
Yes, but it pays to have a thick skin in here.
Sent a PM.
Off to bed, this is all too much
Come with me if you want to live....
  • #361,105
  • Jan 28, 2014 8:38am Jan 28, 2014 8:38am
Quoting Ill-b-back
{quote} Yes, but it pays to have a thick skin in here.
Indeed, and before anyone thinks that mister Englishman-living-in-France here is a tad refined and of a delicate nature, may I take the opportunity to remind the thread that I can pick my nose and scratch my arse along with the best of 'em 'Down Under'.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #361,106
  • Jan 28, 2014 9:08am Jan 28, 2014 9:08am
Quoting JimmyC
........ Always before FOMC .... US Data becomes "mixed" Consumer confidence should be interesting
So real trading tomorrow... Night ...n Mixed fruit and nuts data flow in between
  • #361,107
  • Jan 28, 2014 9:09am Jan 28, 2014 9:09am
Quoting Ken A
There's hope Green or red {image}

Ken, you could've asked me. I'm a consumer in US and I'm confident.
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #361,108
  • Jan 28, 2014 9:13am Jan 28, 2014 9:13am
was hoping to be able to long this pair before it was exausted. I would like to get into a position and break even before fomc tomorrow and let it run risk free since ill be on the road tomorrow
  • #361,109
  • Jan 28, 2014 9:16am Jan 28, 2014 9:16am
Quoting Ken A
{quote} I am confident as well lol Check U/CAD, EUR/CAD, GBP/CAD

OH YES the sweet U/cad. Does it have 4000 pips in it? i'm targeting 1.12 but i scrolled back to find a logic point back at 1.15.

As far as the news I could've given you a heads up, but i was sleeping so you should've asked yesterday lol.
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #361,110
  • Jan 28, 2014 9:22am Jan 28, 2014 9:22am
Quoting Ken A
{quote} You mean 400 pips (4,000 pipettes)? I am targetting 1.180 it's been there for over 4 months so no hurry GBP/CAD already gave over +1,200 pips (12,000 pipettes)

yes, 400, i'm an idiot who got overly exited. psshhh its not even worth my time now. 1.2156 i have also marked out as a next logic point.
"HEY! Whats all this chocolate on yo face?" - "It's doodoo, babby!"
  • #361,111
  • Jan 28, 2014 9:33am Jan 28, 2014 9:33am
Quoting JimmyC
{quote} So real trading tomorrow... Night ...n Mixed fruit and nuts data flow in between
Absolutelly Correct in 2 Days - Wed & Thu !!!

'High Risc & High Gain'
Always looking the GREAT, never left GOOD Point...
  • #361,112
  • Jan 28, 2014 9:58am Jan 28, 2014 9:58am
Quoting Tsar
{quote} Absolutelly Correct in 2 Days - Wed & Thu !!! 'High Risc & High Gain'
Lets hope so...
  • #361,113
  • Jan 28, 2014 10:04am Jan 28, 2014 10:04am
Quoting JimmyC
{quote} Lets hope so...


Good Night...
It's Time go to Rest, Now
Always looking the GREAT, never left GOOD Point...
  • #361,114
  • Jan 28, 2014 11:49am Jan 28, 2014 11:49am
lets face it prob close like that
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #361,115
  • Jan 28, 2014 11:57am Jan 28, 2014 11:57am
Quoting Bones
lets face it prob close like that {image}

Can I ask you a question Bones?

Often when Tech traders happened to be on the right side of news they claim "it was in the chart"
That to me makes no logical sense, content of the news has not been released yet so how can present chart predict the news outcome.
In trading, you have to be defensive and aggressive at the same time
  • #361,116
  • Jan 28, 2014 12:07pm Jan 28, 2014 12:07pm
Quoting Davit
{quote} Can I ask you a question Bones? Often when Tech traders happened to be on the right side of news they claim "it was in the chart" That to me makes no logical sense, content of the news has not been released yet so how can present chart predict the news outcome.
Volume Precedes Price.

Just because you haven't heard the news yet, doesn't mean that the information was not available.

Price can be driven by press, not lead it. (of course there are exceptions to all rules)
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #361,117
  • Jan 28, 2014 12:10pm Jan 28, 2014 12:10pm
Quoting Davit
{quote} Can I ask you a question Bones? Often when Tech traders happened to be on the right side of news they claim "it was in the chart" That to me makes no logical sense, content of the news has not been released yet so how can present chart predict the news outcome.
although we have a very diverse trading style, davit, your description of some trading-behavior is correct in my point of view: one canīt predict the outcome of a news release in the future by looking at the past.
post hoc ergo propter hoc: " today, i got up on the wrong side of bed. afterwards, i dropped my coffee cup. therefore, the reason why i dropped my coffee cup is that i got up on the wrong side of bed"
fortis fortuna adiuvat
  • #361,118
  • Jan 28, 2014 12:15pm Jan 28, 2014 12:15pm
Quoting Magix
{quote} Volume Precedes Price.
True if you have solid data feed on volume but volume works both direction.
Truth is we don't know the outcome hence claiming it was in the chart is erroneous and false.Do we know what Feds might do?Nope hence its not in the charts.
In trading, you have to be defensive and aggressive at the same time
  • #361,119
  • Jan 28, 2014 12:15pm Jan 28, 2014 12:15pm
If it were me, I wouldn't say the chart predicted the news, I would say the chart predicted the direction of the underlying.

For example, if the chart looks bullish, as the GBP/USD looks right now, then when the news comes up, it should make a bullish move. It doesn't matter if the news is good or bad or indifferent. People wait for the news to jump in and make their trades.
  • #361,120
  • Jan 28, 2014 12:18pm Jan 28, 2014 12:18pm
Here is an interesting article about Euro zone if you are long on EU
http://www.bloomberg.com/news/2014-0...giving-up.html
Euro Jobless Record Not Whole Story as Italians Give Up

Situation Worse
The euro area’s official unemployment rate includes only those who actively sought work in the previous four weeks and are available to start within the next two weeks. The labor underutilization rate compiled by Bloomberg using Eurostat data for the third quarter includes the official unemployed as well as those willing to work who have given up looking for a job or are not immediately available.
Among euro-zone countries, Italy has the largest group of potential workers who don’t appear on official unemployment statistics. The gap between the country’s labor underutilization rate, encompassing people between the ages of 15 and 74, and its unemployment rate is more than twice that of Spain and more than five times that of Greece.
“The situation in the region, and in Italy in particular, is certainly worse than it seems at first glance,” Raffaella Tenconi, an economist at Bank of America Merrill Lynch in London, said by telephone. “This is particularly evident when you look at youth unemployment and participation rates.”
In Di Gilio’s home province of Naples the local youth unemployment rate in 2012 was 53.6 percent compared to a national average of 35.3 percent.


Euro at 1.30 Pound at 1.55 that's my bias.
In trading, you have to be defensive and aggressive at the same time
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