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Cable Update (GBPUSD)

  • #362,441
  • Edited Feb 7, 2014 4:17am Feb 6, 2014 7:51pm | Edited Feb 7, 2014 4:17am
Good Morning !
Today's S/R Levels on MT4 Templates

EURO
CABLE

http://www.forexfactory.com/showthre...29#post7265529
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #362,442
  • Feb 6, 2014 7:51pm Feb 6, 2014 7:51pm
Quoting Capelli
{quote} Im saying this because the GBP was on the losing side for the last 4 days. It will have to pull back and USD would be the best choice if the NFP numbers were bad. I would avoid GBP/JPY tho, bad data will probably results with the market flocking over the YEN. As for the Euro, I made my profits from it but have no clue as to where it will go next.
If both + or - will be easier to know how market will react, if mixed will chop both ways

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  • #362,443
  • Feb 6, 2014 7:56pm Feb 6, 2014 7:56pm
Quoting Ken A
{quote} If both + or - will be easier to know how market will react, if mixed will chop both ways {image}
True. Anyways, I will keep my finger cross so that the Number are below 50 K..... or 0 K
  • #362,444
  • Feb 6, 2014 8:46pm Feb 6, 2014 8:46pm
Quoting Ken A
{quote} If both + or - will be easier to know how market will react, if mixed will chop both ways {image}
Predictions are all over the place, but if the ADP numbers and FOMC minutes shed some insight into the perceived labor market I think the NFP print is going to beat. At least I am trading that way.

This is an interesting point of view from Business Insider on the NFP print tomorrow.
http://www.businessinsider.com/how-m...-report-2014-2
  • #362,445
  • Feb 7, 2014 2:01am Feb 7, 2014 2:01am
Quoting capitulation
{quote} Predictions are all over the place, but if the ADP numbers and FOMC minutes shed some insight into the perceived labor market I think the NFP print is going to beat. At least I am trading that way. This is an interesting point of view from Business Insider on the NFP print tomorrow. http://www.businessinsider.com/how-m...-report-2014-2
May I know your directions... at this point are you bearish or bullish?
  • #362,446
  • Feb 7, 2014 2:07am Feb 7, 2014 2:07am
Good luck today lads!
Let the bulls take control! hell yeah!
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  • #362,447
  • Edited 2:25am Feb 7, 2014 2:12am | Edited 2:25am
Quoting Capelli
If the NFP numbers are bad tomorow, I will be buying GPB/USD. The pound has been weak for the past days
I'll be looking to short 64 and higher in case of spike up with possible red numbers although I doubt numbers will be too negative. I feel confident about positive numbers I am short on EU on 4 positions.
Cable is in peculiar stage neither worth shorting or buying.I am more incline to short but at minimum 64 as retrace up before continuing south.
38, 50, 61.8 fibs 64 64.50 65 these 3 numbers are typically valid cycle waves before continuing larger leg down.
Diagram shows more clearly.
Regards
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Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #362,448
  • Feb 7, 2014 2:17am Feb 7, 2014 2:17am
I'd like to see some positive USD news come out and watch Cable go down 30 or 40 pips. Then I'd start buying small lot's.
  • #362,449
  • Feb 7, 2014 2:28am Feb 7, 2014 2:28am
some one just remember 63479 ?????
  • #362,450
  • Feb 7, 2014 2:31am Feb 7, 2014 2:31am
Quoting Baggi
I'd like to see some positive USD news come out and watch Cable go down 30 or 40 pips. Then I'd start buying small lot's.
Baggi
If Cable breaks 6250 next stop is 60. You are talking standing in front of new Bear trend that could go as far as 1.55
Why would you assume buying in dips is good idea.
In trading, you have to be defensive and aggressive at the same time
  • #362,451
  • Edited 2:58am Feb 7, 2014 2:57am | Edited 2:58am
Howzit GU!



interesting read on how to trade the jobs report today:

http://www.zerohedge.com/news/2014-0...ws-jobs-report


Then a little article on ADP to NFP correlation to pass your time.
http://www.preemptivetrading.com/art...ls-adp-vs-nfp/

Regards
  • #362,452
  • Feb 7, 2014 2:58am Feb 7, 2014 2:58am
GU M15

Trying a short scalp - first in a while ..
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  • #362,453
  • Feb 7, 2014 3:02am Feb 7, 2014 3:02am
Quoting chazzle
GU M15 Trying a short scalp - first in a while .. {image}
me to 63479, you might ride the wave down with that one ????
  • #362,454
  • Feb 7, 2014 3:04am Feb 7, 2014 3:04am
Quoting chazzle
GU M15 Trying a short scalp - first in a while .. {image}
... and it worked +10
  • #362,455
  • Feb 7, 2014 3:06am Feb 7, 2014 3:06am
Quoting elbert3
{quote} me to 63479, you might ride the wave down with that one ????
- thought about it - and holding through news ... I see already , should have had a bigger limit ..
  • #362,456
  • Feb 7, 2014 3:06am Feb 7, 2014 3:06am
Long @ 1.6320
That which does not kill us makes us stronger
  • #362,457
  • Feb 7, 2014 3:10am Feb 7, 2014 3:10am
Quoting chazzle
{quote} - thought about it - and holding through news ... I see already , should have had a bigger limit ..
you could be right i wanted to do the same but mm says no so thats it, i have 2 shorts and i only carry 3 at one time normaly 1 loaded 2 small but today only small lots on their back , my balls are not yet big enough, good luck see you at the bottom lol
  • #362,458
  • Feb 7, 2014 3:16am Feb 7, 2014 3:16am
Quoting chazzle
{quote} ... and it worked +10
  • #362,459
  • Feb 7, 2014 3:16am Feb 7, 2014 3:16am
short @ 1.6327
  • #362,460
  • Feb 7, 2014 3:16am Feb 7, 2014 3:16am
Quoting elbert3
good luck see you at the bottom lol
will see what the news does ... neutral till then now
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