ignore wackos and psychos, including myself. But I can't add myself to iggy
Cable Update (GBPUSD)
- #375,702
- May 4, 2014 11:15pm May 4, 2014 11:15pm
- Joined Jan 2011 | Status: dump and pump | 4,055 Posts
All posts are my personal opinion
- #375,703
- May 5, 2014 12:12am May 5, 2014 12:12am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
{quote} Veer its been a long time, glad to see you back on and giving the desk signals! I know you probably get shot down a lot but who doesnt on ff! Anyways, hope you are alive and doing well!
All DayGBPBank Holiday
- #375,704
- May 5, 2014 12:20am May 5, 2014 12:20am
- Joined Jun 2009 | Status: Trader | 7,795 Posts
{quote} yeah, what London desk?
Ha Ha
- #375,705
- May 5, 2014 12:32am May 5, 2014 12:32am
- Joined Jun 2013 | Status: Trader | 3,071 Posts
{quote} Hi Jimmy, hope you had a nice weekend.You think that far a pullback? That would be nice if so.
Chinese PMI wasn't too hot -> long Dollar vs Yuan (Short AUD ->)
Ukraine is a problem things have escalated and war is imminent (either civil or regional escalation) buy the rumour - > long Gold watch JPY crosses for JPY strength
BOE -> interest rate decision (flat) but colour of the transcript, what hints about rates rising?
GBP Technically due to retrace for continuation to 1.7 area, so I'm note bearish but expect retrace.
The NFP report
- Headline numbers seem like a big beat 288K jobs added, unemployment falling to 6.3%
BUT
The NON-PARTICIPATION RATE 800K people left the workforce the number you didn't see (or notice).
So there isn't really a sign of broad based economic recovery in the US
$SPX / $DOW / $- Showing a turn south
Risk-off
- #375,708
- May 5, 2014 1:27am May 5, 2014 1:27am
- Joined Jun 2013 | Status: Trader | 3,071 Posts
{quote} Jimmy, LONG GOLD seems like a legit plan. hower, mind this info. Hedge Funds Cut Gold Bets to 11-Week Low on U.S. Growth {image}
Falling wedge - breakout to the top / if it consolidates here or moves up could have targets 1350 / 1390 for the upside scenario -> relies on safe-haven green for now but far from a well - away trade
- #375,711
- May 5, 2014 1:56am May 5, 2014 1:56am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} Yep, don't trust it yet but having a nibble anyway, Falling wedge - breakout to the top / if it consolidates here or moves up could have targets 1350 / 1390 for the upside scenario -> relies on safe-haven green for now but far from a well - away trade
- #375,713
- May 5, 2014 2:02am May 5, 2014 2:02am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} Yeah Chris, weekend was good tx. Chinese PMI wasn't too hot -> long Dollar vs Yuan (Short AUD ->) Ukraine is a problem things have escalated and war is imminent (either civil or regional escalation) buy the rumour - > long Gold watch JPY crosses for JPY strength BOE -> interest rate decision (flat) but colour of the transcript, what hints about rates rising? GBP Technically due to retrace for continuation to 1.7 area, so I'm note bearish but expect retrace. The NFP report - Headline numbers seem like a big beat 288K jobs added, unemployment...
And it was 806k that left the workforce that nobody heard about......
... Gotta love them "fuzzy" numbers and the models used to get them...eh? LOL
Ghost Rider - WWTBMD?
- #375,714
- May 5, 2014 2:03am May 5, 2014 2:03am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
{quote} Yes, need to be careful with this one, its a counter trend call, so always careful
- #375,715
- May 5, 2014 2:08am May 5, 2014 2:08am
- Joined Jun 2013 | Status: Trader | 3,071 Posts
{quote} two reversal sticks on W1 @ 50 fibo sufficient techs to go LONG GOLD. it's a safe ride for 1350 and then can take a chance 1385
I took it long JSE:J ANG for the main with a very small XAUUSD -> just to monitor
- #375,716
- May 5, 2014 2:09am May 5, 2014 2:09am
- Joined Jun 2013 | Status: Trader | 3,071 Posts
{quote} Yeah I'm expecting the retrace but wasn't thinking quite that deep. Appreciate the info on your view brother.
*hope lessons were learnt*
- #375,717
- May 5, 2014 2:10am May 5, 2014 2:10am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
{quote} Im
- #375,718
- May 5, 2014 2:11am May 5, 2014 2:11am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
{quote} I think its a bit unfair to the guys that don't know they should be looking at all the data and get caught by the headlines -> Why not to trade on NFP *hope lessons were learnt*
- #375,719
- May 5, 2014 2:15am May 5, 2014 2:15am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} I think its a bit unfair to the guys that don't know they should be looking at all the data and get caught by the headlines -> Why not to trade on NFP *hope lessons were learnt*
Ghost Rider - WWTBMD?
- #375,720
- May 5, 2014 2:18am May 5, 2014 2:18am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} clearly NFP was manipulated to allow the grand ma fed chairwoman proceed ahead with trimming of the QE + to make her/her buddy Blablama look good.
And not even that will make O-Bla-Bla look good...
Ghost Rider - WWTBMD?