Anyone that can explain the down move?
Espacilay when 15min bars where so bullish!
Espacilay when 15min bars where so bullish!
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Dislikedme too at same position. Seems like a stop hunt but could be wrong.Ignored
DislikedIntraday sentiment turns mixed-bearish from bullish as 15min/30min bearish divergence patterns play out from the current 5715 intraday Hi....
1hr screenshot is below...unbreeched fibs are shown from that 5503 and 5529 swing lows to the 5715 swing Hi.
"Prospect opf more Qe in Uk as discussed re minutes (probability higher) sends £ down...like the reaction to same thing in U.s y/day and thru to this morning's 5715 Hi.
G/L
http://www.easy-upload.net/fichiers/z.201092210482.gif...Ignored
DislikedCommittee will have to resort to another tranche of QE in the near future – perhaps a further £50bn or so when the fiscal squeeze really kicks in at the start of next year.Ignored
DislikedCommittee will have to resort to another tranche of QE in the near future – perhaps a further £50bn or so when the fiscal squeeze really kicks in at the start of next year.Ignored
Dislikeddo you know if Merve the smurf is talking?
then this could be temporarly reaction,
he likes to talk cable down,
hopefully the buyers come in latest at 1.5600Ignored
Disliked"Prospect opf more Qe in Uk as discussed re minutes (probability higher) sends £ down...like the reaction to same thing in U.s y/day and thru to this morning's 5715 Hi.
Could you please explain this a bit better! Would love that!
Would realy like to understand this move!Ignored
Dislikedhave u ever considered..that perhaps people will advice on direction..but dont really want to expose there system as they believe it is there edge..therefore dont want to go in details
think outside the box..as appossed to have a narrow minded view...Ignored
DislikedOkay I took 3/4 of my long position in profit off the table @673 & leaving the rest to complete the daily range.
There's no selling opportunity yet to those who are looking for it.
Good luckIgnored
DislikedVery simplistic explanation...Qe is effectively printing money and therefore adds to the supply of £'s...an over supply or anticipated over supply causing £ to drop...until inflation maybe kicks in caused by over supply of cheap money which causes central bank to raise rates to make borrowing more expensive, improving yield on holding £ thereby creating demand for it.
G/LIgnored
Dislikednot sure about smurf. Don't like the sound of the minutes re: possible further QE, this may turn into a bigger selloff so I might cut long loose if I have to and look to enter lower.
A test of the FOMC breakout area could be interesting (1.5560 area)Ignored
Dislikedgoing short at fomc high 15645...looking now for the ema200 15m as targetIgnored