{quote} gl iwas down 1700 start of week
Cable Update (GBPUSD)
- #380,202
- Jun 4, 2014 5:21am Jun 4, 2014 5:21am
- Joined Jun 2013 | Status: Trader | 3,071 Posts
{quote} {image}
Waiting for dataaaa
- #380,204
- Jun 4, 2014 5:30am Jun 4, 2014 5:30am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
{quote} I understand what it is you are saying, but for the most part when once studies price action prior to news release you always see the U-turn of the last trend. The last trend on GBP pairs was to the down side prior to the news. Look at GBP/JPY GBP/NZD AND GBP/USD once asia opened. The price began to drop, then the sharp reversal once the news was released. In this instance the news for GBP as better then expected, but the price doesn't always move in the direction of the data. Instead countering the last trend.
It's only that in the recent past with vols being this low, a short term strategy like this one bears more risk than,
say, in a longer backtested sample period....but still an interesting finding.
Hear the music before the song is over ...
{quote} Your Point well taken... It's only that in the recent past with vols being this low, a short term strategy like this one bears more risk than, say, in a longer backtested sample period....but still an interesting finding.
Ever thought about how much money you could earn wagering against yourself?
- #380,206
- Jun 4, 2014 5:44am Jun 4, 2014 5:44am
- Joined Mar 2008 | Status: Taking Care Of Business | 5,587 Posts
Hear the music before the song is over ...
{quote} Do you use this on GBP data, or does it work with USD numbers as well?
That would of added another 100% profit to my account. I feel sick to my stomach right now
Ever thought about how much money you could earn wagering against yourself?
- #380,208
- Jun 4, 2014 5:52am Jun 4, 2014 5:52am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #380,209
- Jun 4, 2014 6:02am Jun 4, 2014 6:02am
- Joined Sep 2010 | Status: Life Time Member | 6,685 Posts
- #380,210
- Jun 4, 2014 6:02am Jun 4, 2014 6:02am
- Joined Dec 2013 | Status: Trader | 19,815 Posts
{quote} But then it seems E that u trade numerous pairs .. i just trade this one and manage a career too .. but i bet at the end of each month ur Up like me and thats what counts hey comrade..
- #380,212
- Jun 4, 2014 6:13am Jun 4, 2014 6:13am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} Honestly can't say Russ. But I've seen this ole girl slowly fade from a stubborn range and then BOOM the other way too many times not to be careful.
... The trickster. 
Ghost Rider - WWTBMD?
- #380,218
- Jun 4, 2014 6:21am Jun 4, 2014 6:21am
- Joined Mar 2009 | Status: Trader | 25,480 Posts
As mentioned before, once GBP pairs break the news high it will move up 2 pivot levels, and as you can see it has done so.
Ghost Rider - WWTBMD?
