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Cable Update (GBPUSD)

  • #374,181
  • Apr 30, 2014 2:37am Apr 30, 2014 2:37am
Quoting petetong
If you mean U.s's NFP - that is not today it is Friday...today is the ADP NFP forecast at 1315pm Uk time....Main U.s data today is Q1 GDP. best wishes
Pete - The market looks at ADP to front run NFP
  • #374,182
  • Apr 30, 2014 2:37am Apr 30, 2014 2:37am
Quoting Davit
{quote} Or one can exit at lowest number 15-30min prior of news if Bear or Exit at highest numbers if Bull although PA is Bear now.... If price falls 3775-70 I may bail out with good profits.Also placing TP at number say 3770 would almost get you out in a spike with profits. Regards
You know how to trade
  • #374,183
  • Apr 30, 2014 2:37am Apr 30, 2014 2:37am
Quoting petetong
Hello thread readers, No convergence yesterday re eurusd and gbpusd....1st having daily bearish candle, 2nd a daily bullish candle...little rangy on 5min and below in this moment. Viewing that 0600 1hr close at 0700 (Uk time)...ie big and bearish....support down to yesterday's 6791 low the 1st bear obstacle ? Best wishes.
morning, just looking on the 30 min,, price is trying to get below 6806,, the tails hit 3 times while the bodys a closing over the 200sma,, if it breaks will take as indication to try and take out 6767 area above is the 100 10,20, 50 emas ,,, so pressure is building,, if eur news is red gb will follow it down . thats my opinion , my post yesterday,,, no 1,700 ??? should see this morning if it is long trend and you want a safe ish trade ,, long at 6767 sl 6745 ?? i and short to them numbers and may adopt the same plan.
  • #374,184
  • Apr 30, 2014 2:39am Apr 30, 2014 2:39am
let's agree to disagree - it really doesn't...ADP is a discredited forecast that has wild fluctuations in any accuracy.

Quoting JimmyC
{quote} Pete - The market looks at ADP to front run NFP
it's all gone a bit........
  • #374,185
  • Apr 30, 2014 2:39am Apr 30, 2014 2:39am
Quoting JimmyC
Howzit GU! Today is NFP! Should you care? – Yes! Should you trade – No! Why? Non-Farm payrolls is now arguably the second most important monthly event in the trading calendar with FOMC of late, being the most important and the one that attracts the eyes of the trading / investing community in all its forms. The reasons you shouldn’t trade are because of the following specific sequence of events that you may or may not already be aware of. The proprietary and institutional traders (you know who you are) are going to trade they are going to take two...

Anything is math!
  • #374,186
  • Apr 30, 2014 2:40am Apr 30, 2014 2:40am
Quoting Davit
{quote} Or one can exit at lowest number 15-30min prior of news if Bear or Exit at highest numbers if Bull although PA is Bear now.... If price falls 3775-70 I may bail out with good profits.Also placing TP at number say 3770 would almost get you out in a spike with profits. Regards
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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this is the before chart already posted i took 60 pips yesterday and going short again , on the possible break of the 200
  • #374,187
  • Apr 30, 2014 2:42am Apr 30, 2014 2:42am
Quoting JimmyC
{quote} You know how to trade
watch bbc news right now as it is about marke t manipulation
  • #374,188
  • Apr 30, 2014 2:50am Apr 30, 2014 2:50am
Morning all. This looking flat until this afternoon. Will go short if bounces off retest of pivot and holds break of 1.68 and lower trend line. Rgds, Angus
Attached Image (click to enlarge)
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  • #374,189
  • Apr 30, 2014 2:51am Apr 30, 2014 2:51am
Quoting JimmyC
{quote} You know how to trade
Thanks bro I been though too many NFP's already and developed a thick skin. Wide spikes going 50-80pips up /down killing stops up down.
Its a beast for sure.
regards
In trading, you have to be defensive and aggressive at the same time
  • #374,190
  • Apr 30, 2014 2:54am Apr 30, 2014 2:54am
Quoting elbert3
{quote} {image}{image} this is the before chart already posted i took 60 pips yesterday and going short again , on the possible break of the 200
congrats on your win. I can take very good profits right now but I learned to "let the winners run"
Just have to let these runners run
gl

PS you got too many wiggly lines
In trading, you have to be defensive and aggressive at the same time
  • #374,191
  • Apr 30, 2014 2:56am Apr 30, 2014 2:56am
Quoting elbert3
{quote} watch bbc news right now as it is about marke t manipulation
Martin Lewis has wrote a book about the same thing Jimmyc was on about,, certain big companies get the trade signals before the mass market,, so where we are thinking its a leak before the news comes out,, it is probably this,,the big boys know where the money is placed seconds before the mass market is actually, slow?? i remember being in panang just after the tsunami, a guy dripping in gold a bit like BA from the A team was telling me that he places last seconds bets on races,,?? this at the time was the same thing, getting the news before the bookies on the ground?? does not surprise me ??
  • #374,192
  • Apr 30, 2014 2:59am Apr 30, 2014 2:59am
Quoting Davit
{quote} congrats on your win. I can take very good profits right now but I learned to "let the winners run" Just have to let these runners run gl PS you got too many wiggly lines
thank,, but i like them,, just looking at trading off the 20 ema and the 200sma only,running it on demo now, after watching a very interesting youtube post about it from 2011 ??
  • #374,193
  • Apr 30, 2014 3:03am Apr 30, 2014 3:03am
went long on Gu 1.6812

sl 1.6804
Attached Image (click to enlarge)
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  • #374,194
  • Apr 30, 2014 3:03am Apr 30, 2014 3:03am
Quoting Davit
{quote} Or one can exit at lowest number 15-30min prior of news if Bear or Exit at highest numbers if Bull although PA is Bear now.... If price falls 3775-70 I may bail out with good profits.Also placing TP at number say 3770 would almost get you out in a spike with profits. Regards
as above i think on the 5 min gbusd chart it looks like it has lined itself up to go
  • #374,195
  • Apr 30, 2014 3:05am Apr 30, 2014 3:05am
Quoting adc
Morning all. This looking flat until this afternoon. Will go short if bounces off retest of pivot and holds break of 1.68 and lower trend line. Rgds, Angus {image}

nice to see a chart from u Angus
  • #374,196
  • Apr 30, 2014 3:07am Apr 30, 2014 3:07am
Quoting elbert3
last one 6825 short sl 5 pips above for 20 pip target x 4 lots HDA jim tau nav gc dell good night and gl ,, elbert out //lol
there you go Davit that was last nights trade i left it on auto tp 17 pips
  • #374,197
  • Apr 30, 2014 3:12am Apr 30, 2014 3:12am
Quoting nAVIN2007
{quote} nice to see a chart from u Angus
morning navin,, fingers crossed mate ,, regards E still holding 3 shorts, the overnight trade pays for the losing at this time but it will come back down,, ?? hopefully
  • #374,198
  • Apr 30, 2014 3:14am Apr 30, 2014 3:14am
green employment numbers on the eur not moving thou
  • #374,199
  • Apr 30, 2014 3:15am Apr 30, 2014 3:15am
Quoting nAVIN2007
{quote} nice to see a chart from u Angus
Morning Nav. Thanks. I'm pretty simple lol.
  • #374,200
  • Apr 30, 2014 3:16am Apr 30, 2014 3:16am
Quoting adc
Morning all. This looking flat until this afternoon. Will go short if bounces off retest of pivot and holds break of 1.68 and lower trend line. Rgds, Angus {image}
Good Morning Forex Factory Members And Guests

@abc:

You may be correct. The current bids and offers should keep the GBP/USD in check

Offers 1.6850
Bids 1.6800

HDA OUT
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