Best Thread Live Cable Trading

[JP1966]

We will have a lof of eco data today, including UK CPI and RPI, but what is RPI? And does anyone know a good site about UK eco data?

PS. Badtrader: How do you trade the eco news?

The only Uk figure to worry about today is the CPI y/y. The rest don't matter as the MPC's role is purely to ensure the CPI stays between 1% and 3%. Last time it was 0.5% (compared to the central target of 2%) and expected to fall to 2.4% this time.

 

[Baruch]

Better than expected German GDP created a little rally, but there's not much power behind it - until now. I suppose the market is waiting for more data.

 

[c6ackp]

citigroup's global fx ecomonist stated that citigroup are targetting 1.67 on a monthly basis (on CNBC)

 

[PipSqueek]

citigroup's global fx ecomonist stated that citigroup are targetting 1.67 on a monthly basis (on CNBC)

this sounds about right.

 

[JonnyT]

Short @77

 

[Baruch]

Short @77

JonnyT,


Good luck. A trade based on your Breakfast strategy?

 

[zuke]

Short @77

The exact opposite of my Long 77 trade yesterday..one of us will be happy, I guess!!

 

[zuke]

Short @77

whats your target and stop Johnny T?

 

[Baruch]

The only Uk figure to worry about today is the CPI y/y. The rest don't matter as the MPC's role is purely to ensure the CPI stays between 1% and 3%. Last time it was 0.5% (compared to the central target of 2%) and expected to fall to 2.4% this time.

It fell to 2.3%. Bearish for Cable, I suppose.

 

[G-Man]

It fell to 2.3%. Bearish for Cable, I suppose.

Slight pop down, but still within todays range ATM.

G-Man

 

[Baruch]

Slight pop down, but still within todays range ATM.

G-Man

Yes, but most times the fundamentals will win in the end. Like yesterday. I suppose the big traders (hedgefonds etc.) are a little bit slow to trade on the eco news...? :cheesy:

 

[G-Man]

Could be right there, looks like short is the place to be.

G-Man

 

[Baruch]

Short @77

Good call, but why trade just before release of major eco data?

 

[JonnyT]

You've gotta be init to win it.

JonnyT

 

[Baruch]

You've gotta be init to win it.

JonnyT

Well; I always wait to see the data, before I commit myself - I dont try to predict the news. And theres always a seat in the pips-train for me.

PS. What that trade part of your famous Breakfast strategy?

 

[smbtnt]

Contratrend scalp entry 1.7328

 

[Baruch]

Short @77

Badtrader, are you still long? :cheesy: :cheesy: :cheesy: :cheesy:

 

[JonnyT]

Out 23 for +54

JonnyT

 

[badtrader]

Badtrader, are you still long? :cheesy: :cheesy: :cheesy: :cheesy:

no i am flat.and I don't trade news

 

[Baruch]

no i am flat.and I don't trade news

Sorry, it was a joke :cheesy: . But i thought you faded all Johnny's trades?