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  #9091 (permalink)  
Old 07-01-2009, 04:48 PM
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TheSterlingBull is an unknown quantity at this point
Is there anybody looking at GBP/AUD ???
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  #9092 (permalink)  
Old 07-01-2009, 05:18 PM
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TheSterlingBull is an unknown quantity at this point
Im also looking at GBP/SGD which seems to be stuck between pivot and support in 4h charts.
However in daily charts another story is told: could be about to cross daily pivot

Does anyone trade these cross's?? SG hold a lot of gold, but right now theyre in trouble
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  #9093 (permalink)  
Old 07-01-2009, 06:34 PM
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herman sucipto is an unknown quantity at this point
Support Resistance Levels 2 July 2009

1,6678 - 1,6711 - 1,675 - 1,68 - 1,6826

1,6640

1,6607 - 1,6535 - 1,6504 - 1,646 - 1,6419

Diamond Pattern

.
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  #9094 (permalink)  
Old 07-02-2009, 07:44 AM
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Thumbs up doller will rally today

Important Read: ECB press conference and US jobs due at the same time (12:30 GMT), with Trichet expected to talk more about last weeks 1-yr auction (EUR-negative. We expect payrolls at -425K, worse than the expected -375K and unemp rate at 9.3%, which could end up further propping the dollar on deepening risk aversion. Oil falling for the third straight day (longest string of losses since Apri), risking to breach below $66 and onto 64.90. USDCAD seen regaining 1.1580 and 1.1620. EURUSD seen testing 1.3880 and cable at 1.6270
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  #9095 (permalink)  
Old 07-02-2009, 10:10 AM
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Smile

so the pound is getting a good old hiding today - after the dismal gdp figures it's not suprising - but will this last? might get down to the 250 level again but i think the recovery theme still has sufficient life in it - the markets have short-term memory for these sorts of numbers these days + we have the earnings season round the corner - lots of good news there will signal deep problems for the dollar and sharp rebound for the pound.

or i could be completely wrong!

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  #9096 (permalink)  
Old 07-02-2009, 12:39 PM
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Quote:
Originally Posted by sean81 View Post
hi panda,
im lost
can u explain which number is going on 7,8 or 9?


thanks
sean
Appears as though the 13 low has been made about 10:30 NY time. Although this is not absolutely certain.

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  #9097 (permalink)  
Old 07-02-2009, 06:50 PM
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Cool Hi

Hi Dear,
I don't understand why the market is not stable as I can't make a good profit at this time.

I just started trading but it looks like there's no profit at hand to make.Is there any trust that the market will pick up for traders to make more money?

Regards
Sylvester
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  #9098 (permalink)  
Old 07-02-2009, 07:32 PM
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herman sucipto is an unknown quantity at this point
Support Resistance Levels 3 July 2009

1,6402 - 1,6419 - 1,646 - 1,6504 - 1,6535

1,6348

1,6249 - 1,6205 - 1,6178 - 1,6148 - 1,6098

support resistance

.
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  #9099 (permalink)  
Old 07-03-2009, 12:28 AM
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Quote:
Originally Posted by Sylvester View Post
Hi Dear,
I don't understand why the market is not stable as I can't make a good profit at this time.

I just started trading but it looks like there's no profit at hand to make.Is there any trust that the market will pick up for traders to make more money?

Regards
Sylvester
Hi Sylvester,

The market is stable at the moment...Very stable.

I am assuming that you are having trouble trading the range we are currently in. Unfortunately, the market ranges more than it trends..The FX market ranges about 90% of the time.

You need to produce a system for your trading that can make pips in all market conditions (ranging and trending).

At the moment you should either be waiting to trade the breakout, or play the range...

Hope this helps...

Norm
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  #9100 (permalink)  
Old 07-03-2009, 07:54 AM
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Thumbs up GBP/USD target 1.62

Dollar remains generally firm despite smaller than expected losses in Asia and low volume activity in Europe. With US markets out for a long weekend, market activity to start unwinding in a couple of hours. Weaker than expected UK services PMI and disappointing Eurozone retail sales may signal the beginning of the next consolidation in data following the phase of slowing deterioration-which was zealously cheered by the markets. GBPUSD looks to test 1.6270 while recovery cpaped at 1.64 and EURUSD gains seen limited at $1.4070.
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  #9101 (permalink)  
Old 07-03-2009, 12:55 PM
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Quote:
Originally Posted by insider26 View Post
Dollar remains generally firm despite smaller than expected losses in Asia and low volume activity in Europe. With US markets out for a long weekend, market activity to start unwinding in a couple of hours. Weaker than expected UK services PMI and disappointing Eurozone retail sales may signal the beginning of the next consolidation in data following the phase of slowing deterioration-which was zealously cheered by the markets. GBPUSD looks to test 1.6270 while recovery cpaped at 1.64 and EURUSD gains seen limited at $1.4070.
do you post anything but quotes from news?
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Don't Chase the market let the market come to you
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  #9102 (permalink)  
Old 07-03-2009, 06:44 PM
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Quote:
Originally Posted by CodyB View Post
do you post anything but quotes from news?
Well, the poor guy's got no imagination; really, can he tell his longs from his shorts, or does he just meander around listening to every guru out there with some vague credence then putting in trades as the next broadcast sees fit? Perhaps thereafter becoming jittery and accusing said gurus when his account takes a hit?

Oh well, if it works, why not. Me, most of the cable trades I made recently were ok, as with all this current ranging about, you can more or less close your eyes and press a button, either way it will come back (unless you're jumpy enough to go long at the top or vice versa).....wonder how long this'll last?
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  #9103 (permalink)  
Old 07-04-2009, 01:55 AM
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Talking

Quote:
Originally Posted by Tigger View Post
Well, the poor guy's got no imagination; really, can he tell his longs from his shorts, or does he just meander around listening to every guru out there with some vague credence then putting in trades as the next broadcast sees fit? Perhaps thereafter becoming jittery and accusing said gurus when his account takes a hit?

Oh well, if it works, why not. Me, most of the cable trades I made recently were ok, as with all this current ranging about, you can more or less close your eyes and press a button, either way it will come back (unless you're jumpy enough to go long at the top or vice versa).....wonder how long this'll last?
looooooooooooooooooooooooooooooooool , i like this comment , that's true man , it's just because the beginning of the new month, i think next week we r gona see a lots of different and the image will be clear

Last edited by wily75; 07-04-2009 at 02:00 AM..
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  #9104 (permalink)  
Old 07-04-2009, 02:31 AM
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Quote:
Originally Posted by CodyB View Post
do you post anything but quotes from news?

Hey Cody,


Thats why He Put his Name is Insider!!!


Insider of News.

so Go on Insider You are doing good Job To Giving Free News, while People are just Talking about Trends and about there Trades.


Cheer.
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  #9105 (permalink)  
Old 07-05-2009, 12:44 AM
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i think the point is that this isn't 'insider' news - it's freely available and just ripped off from asfhraf aidi's twitter postings - if you are going to copy and paste atleast you should link back to the original source (Ashraf Laidi - Incisive Global Markets Analysis)
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