Thread: Discuss the GBP/USD with a DailyFX Analyst

Originally Posted by manglanimanish

one hour before the cpi and i am long with 3 contracts @ 194.40
will buy more depending on the movement after the news.....???
how would u trade this lovely ???

dear mani,,

please play safely dont greedy...stop after u got ur target profit..but entering more times for trade. U are the one good trader and analyzer

Originally Posted by lovelyforex

dear mani,,

please play safely dont greedy...stop after u got ur target profit..but entering more times for trade. U are the one good trader and analyzer

i am already down 20 pip...jus bankin on a good cpi data to shoot the gbp up..

Originally Posted by manglanimanish

i am already down 20 pip...jus bankin on a good cpi data to shoot the gbp up..

ouch

this is why I do not try to out guess the market at news time

Originally Posted by Tmac

ouch

this is why I do not try to out guess the market at news time

had 3 lots long before the news and now on the short side of 12 lots..hoping it o down to aleast 194 on spot or else i need to say bye bye to forex...

Glad I kept my short open. Now closed at 1.9445.

Happy to go long at present as inflation will continue to bubble up. Still surprised it only went up 0.1%.

Time for springs up

bye bye downtrend...

Originally Posted by lovelyforex

Time for springs up

bye bye downtrend...

Wosh..I lost 90pips just now for gbp/us. It is finish for down trend move.Pls help....almost bye2 to forex...

This morning was probably the perfect example of why I personally try to stay away from trading event risk: sometimes it can be easy money, sometimes you get burned. UK CPI was a bit softer than expected, which was especially surprising following yesterday's strong PPI figures. Nevertheless, Cable managed to hold above support at 1.9450 and has recovered quite a bit.

While I won't be trading this for the aforementioned reason, tomorrow's BOE Quarterly Inflation Report could prove to be bullish for Cable - despite the softer CPI readings - as the bank will likely harp upon upside inflation risks while mentioning that they expect CPI to fall lower later in the year.

Terri,

Interesting day so far! I suppose I can claim that I was almost square when the figures came out (long and short for the first time ever). I agree with you that tomorrow's release should give the £ a bit more momentum although I am not convinced it has that far to go.

Looking at the charts maybe somewhere between 1.9650 and 1.9750. Can't see the BoE cutting next month whereas there must be a better than even chance that the Fed will reduce again.

Originally Posted by grashid

Wosh..I lost 90pips just now for gbp/us. It is finish for down trend move.Pls help....almost bye2 to forex...

lorrr...what happened..while a market really ulikely..u still sell position..? i said before ,nowadays cannot play long term..just shorterm as' hit and run' i suggestion buy bcoz for the corrective chance before find next trend..also i suggest like that, if we dont know how it works, better u entering small volume for the test trend and then recovering by big volume..if u still have equities ..wait for tomorrow for the shorterm profit i will give u the complete signal buy and sell .at least can recovering ur lost.be pantience ok.slowly getting profit and cool..dont panic..


p/s sorry guys before i dont give full signal bcoz i wanna u all studies the candle H1 how it work then u can predict the time how they up or down.
Reminder this is for the shorterm profit without long term trend..arround 20-50 pips movement. Please reffel the candle pattern's,,inverted doji,hammer,spining or marubuzo..

sorry guys i cannot give my email or YM

my Ym only for the ladies ..any ladies are welcome.

u can read and get my advice here..i'm gentle..dont worry..also u can read ms terry or mr dave or an other traders so great...they are good anylyzer fundamental and technical...i only more expected to candlestick for the shorterm profit..

That was a good double bottom the GBPUSD put in this past week; however, I'm not banking on this formation to define price action for the rest of the week. I didn't participate in the upswing because of the event risk on the docket tomorrow. The employment data isn't too much of a worry considering the data has been little market moving for months now (looks like economists and traders are pricing in consistently better labor data for the foreseeable future after 15 consecutive improvements). More important is the BoE's quarterly inflation report. Looking at the last one that came out, there was a huge (read 200-point plus) reaction to the statement. After two rate cuts and divergent PPI-output and CPI inflation numbers - I think this report will garner considerable interest.

May put in a short order below the 1.9630 swing low just in case we see an unexpected jump in jobless claims and a dovish inflation outlook from the BoE while I'm asleep. Anyone else heeding this event risk?

ok grashid

today ur chance to kept out ur short...Sell order arround time 16.00 pm (singapore time) and then still sell arround time 20.00 pm (singapore time)
maybe down to 1.9480 limited.Pls getting a profit shortterm for the recovering ur lost.

Originally Posted by lovelyforex

ok grashid

today ur chance to kept out ur short...Sell order arround time 16.00 pm (singapore time) and then still sell arround time 20.00 pm (singapore time)
maybe down to 1.9480 limited.Pls getting a profit shortterm for the recovering ur lost.

Hi Lovely

Will do..despite I close my PC during the correction time..By then when open up my PC I got Margin Call already...wosh.....I forgot that u mentioned 'psycho' trend...

anyway I'll follow ur guideline by today....Thanks a lot...so far from ur advice I almost reach 200+ pips..but yesterday spoiled the things...hope can recover by today....

strategy remain unchange for shorterm profit..


i remain agains..good opportunities go to short/sell will be down arroun 16.00 pm/17.30 pm (singapore time) then can re -sell again arround 20.00pm/21.00 (singapore time)

p/s only for the shorterm profit dont be wait along..just arround 30-100 pips i guess.
My advice- if the price touching 1.9600/15/20 good for entering sell/short..target 1.9480