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  • Cable slammed down through the fix

    From forexlive.com

    Cable touched a session high of 1.6725 heading into the London fix but has been beaten up like the British men`s curling team afterwards, down to 1.6647 in a flash. The US dollar is broadly stronger with USDJPY also rising and EURUSD slumping.

This is our demand for last few days.
gbp will go up again atleast at 1.67
it hitted supply zone at 1.67xx...so it fell down.
Quoting usman ashraf
gbp will go up again atleast at 1.67
probably yes..
  •  Guest
  • | IP XXX.XXX.93.185
The trend line seems to be slower than it was moving. Seems it will go up again.
watch out S2
It was over priced then it has to go down.
Yes... GBP will Go Up Again 1.6730 or it may also ammnd it's high 1.6822 Within Comming Month.
  •  Guest
  • | IP XX.XXX.28.62
nope it was just trending, so naturally, who did not take profit, at resistance took a profit wipeout like myself..., damn banks, damn friday... rest in pips
Quoting Guest
rest in pips
Hope you rest in pips too.....
The whole day was orchestrated
Traders were lured into shorts before the news and killed right afterwards
Then the bo-Trader got their breakout on the long and were killed right afterwards
My guess is a big deal at LDN fix had to be transacted
Rule No. 1: The market is always right. Instead of blaming the market, we should be more concern with our trading skills.
Spot on.


Quoting frx_trader
Rule No. 1: The market is always right. Instead of blaming the market, we should be more concern with our trading skills.
  •  Guest
  • | IP XXX.XXX.186.39
it did exactly like it was supposed to.
Quoting iwjw
The whole day was orchestrated
Traders were lured into shorts before the news and killed right afterwards
Then the bo-Trader got their breakout on the long and were killed right afterwards
My guess is a big deal at LDN fix had to be transacted
....hey, it is Friday. The only day of the week where US banks can jerk the market around because most of the rest of the world has gone for a beer or three.
Carbon-Dioxide: the gas of life!
Pedigree Chum
Google for the FX cheat sheet and you'll find only 3 days are worked out of five (at best).


Quoting Exodus
....hey, it is Friday. The only day of the week where US banks can jerk the market around because most of the rest of the world has gone for a beer or three.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
analysts are so boring and unnecessary...

meh it was a supply zone, meh it was them bankers...
tradewith60
London Fix???
Quoting frx_trader
Rule No. 1: The market is always right. Instead of blaming the market, we should be more concern with our trading skills.
market is rite. damm true but retailers are fucked everyday. that is also true. this is pure fixing of the cable price orchestrated by vodafone.
IMHO its a misnomer suggesting a 4 pm London time fix on cable as a closing price when certain markets close but as we know FX doesn't close (in the same manner as equities or PMs) and I don't regard 4pm or 11 as a 'fix' for a major pair.

http://www.forexstreet.net/m/blogpost?id=3252082%3ABlogPost%3A531156

The only real fix in London as a London Fix IMO is this

http://en.m.wikipedia.org/wiki/Gold_fixing
http://www.bullionvault.com/guide/gold/Gold-fix


Quoting Dr.Zain
London Fix???
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
GBPJPY was easy to trade on Friday. It reacted right out of supply almost to the pip. As we are trending down on H4, a sell trade would have been my choice. The markets are easy to trade when you have about 12,000 hours of screen time under your belt.

This is not an easy business, 90% of people will lose their accounts, even very smart people. However trading is about chart reading, understanding what is going on, and why the market is turning where it does.

Forget stocs, RSI, MACD, ellot waves pivot points, patterns ( I was once a fan of these).

Price and trend is all you need. I now trade with a completely bare chart. Sadly most people would rather give their account to the broker, then learn how to trade correctly-
I know SB will slag me off for this but do I care? I had three dates for a reversal in the GPBJPY, I posted the chart on my blog 12th Feb. The dates were 15th
21st or 24~25th Feb.

Price levels I gave 171.23, 173.61,177.75

Friday 21th the GBPJPY touched 171.76, not to the pip in terms of price but 50 pips out, not bad for a forecast made 5 days in advance. What I am saying is that the informaton is there in the charts for you to use. Learn to look at the charts and also look at cycles, although not exact, you can identify zones weeks in advance.
Lol good points well made.


Quoting Mike Haran
. The markets are easy to trade when you have about 12,000 hours of screen time under your belt.

This is not an easy business, 90% of people will lose their accounts, even very smart people. However trading is about chart reading, understanding what is going on, and why the market is turning where it does.

Forget stocs, RSI, MACD, ellot waves pivot points, patterns ( I was once a fan of these).

Price and trend is all you need. I now trade with a completely bare chart. Sadly most people would rather give their account to the broker, then...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
nobody makes profit with GBP. it is mirror& smoke currency.

only ones that vclaim to do are paid bloggers.

no substance.
Hahahahahahaha <pause for breath> hahahahahaha Nice one, I've noticed before that you've got a very dry sense of humour, thanks for that


Quoting seaman2
nobody makes profit with GBP. it is mirror& smoke currency.

only ones that vclaim to do are paid bloggers.

no substance.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Really interesting comments!
Quoting seaman2
nobody makes profit with GBP. it is mirror& smoke currency.

only ones that vclaim to do are paid bloggers.

no substance.
Cable is a wonderful pair to trade. It has pretty defined ranges for swings and by a little prudence with hedging cable can be very profitable - can't really figure out why you deny it - it rather deny the EUR/USD than cable.
Quoting Spreadbetter
Hahahahahahaha <pause for breath> hahahahahaha Nice one, I've noticed before that you've got a very dry sense of humour, thanks for that
well, no better cure for my mood after day started with left foot than bashing gbp.

well, it is crap.
Quoting seaman2
well, no better cure for my mood after day started with left foot than bashing gbp.

well, it is crap.
There's always another week. Good luck!
Quoting michaelpelly
Cable is a wonderful pair to trade. It has pretty defined ranges for swings and by a little prudence with hedging cable can be very profitable - can't really figure out why you deny it - it rather deny the EUR/USD than cable.
yes, and I am king henry the second
Quoting michaelpelly
There's always another week. Good luck!
thks. bit of luck wouldn't hurt.
here you go my gbp story - why am I gbp bitter:

long time ago when I was beginner, traded GBP futures and bought couple of contracts with a stop for a swing trade.

one of UK front men said something what caused gbp to stop me out and jump over my stop 57 pips and came back straight away.

After detailed investigation, figured out that only my couple of contracts was executed during this spike.

Concluded that this official said what he said as he was instructed from MM so he gets excuse to stop me out.

this changed perception of how little these guys will bang for. If this loop was used to get 1000 - 2k gbp from a newbie then one must be really careful ... and assume not gbp specific though.


hope someone learns from this....
I'm kinda open mouthed wrt this and your other post and how spectacularly wrong you are on so many levels. Nothing more to add.


Quoting seaman2
here you go my gbp story - why am I gbp bitter:

long time ago when I was beginner, traded GBP futures and bought couple of contracts with a stop for a swing trade.

one of UK front men said something what caused gbp to stop me out and jump over my stop 57 pips and came back straight away.

After detailed investigation, figured out that only my couple of contracts was executed during this spike.

Concluded that this official said what he said as he was instructed from MM so he gets excuse to stop me out.

this changed perception of...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting seaman2
nobody makes profit with GBP. it is mirror& smoke currency.

only ones that vclaim to do are paid bloggers.

no substance.
w0w I tend not to agree with you my friend. I did some nice profit on cable... I can actually say it is the best pair for trading. Opportunities are not there for those who can't see them.
Quoting Alexeii
w0w I tend not to agree with you my friend. I did some nice profit on cable... I can actually say it is the best pair for trading. Opportunities are not there for those who can't see them.
You're not trolling?! Unbelievable! :-)))))))))))))
Quoting michaelpelly
You're not trolling?! Unbelievable! :-)))))))))))))
I feel good today
gl to you all and lots of gbp profits. i pray you talking truth and are not paid trollers.

I do not trade gbp however, waiting for my revenge when gbp on left foot. it will come.
Paid trollers to big up cable? Fukc me that's out there with Pluto in terms of conspiracy theories...

Look, the majors have the best spreads because they're the most liquid, most traded and are the best to scalp and swing, it really is that simple, so put aside all your paranoia and trade it ffs.


Quoting seaman2
gl to you all and lots of gbp profits. i pray you talking truth and are not paid trollers.

I do not trade gbp however, waiting for my revenge when gbp on left foot. it will come.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
Quoting Spreadbetter
Paid trollers to big up cable? Fukc me that's out there with Pluto in terms of conspiracy theories...

Look, the majors have the best spreads because they're the most liquid, most traded and are the best to scalp and swing, it really is that simple, so put aside all your paranoia and trade it ffs.

gl this week. I have some major position on so I need a bit of luck.

not in a bad mood anymore thanks to trashing gbp. Until next time
Quoting seaman2
here you go my gbp story - why am I gbp bitter:

long time ago when I was beginner, traded GBP futures and bought couple of contracts with a stop for a swing trade.

one of UK front men said something what caused gbp to stop me out and jump over my stop 57 pips and came back straight away.

After detailed investigation, figured out that only my couple of contracts was executed during this spike.

Concluded that this official said what he said as he was instructed from MM so he gets excuse to stop me out.

this changed perception of...
Weeeell...... you could always try trading without a stop...

< ...pause whilst howls of derision subside... >

...and that means lower trade leverage, ...longer time frame, close trade when you think it is best and not because of some number that you telegraphed to your broker or the market.

Or maybe just take off stops, or widen by 100 pips, at news times and when Carney, Draghi or Yellen speak.
Carbon-Dioxide: the gas of life!
Quoting Exodus
Weeeell...... you could always try trading without a stop...

< ...pause whilst howls of derision subside... >

...and that means lower trade leverage, ...longer time frame, close trade when you think it is best and not because of some number that you telegraphed to your broker or the market.

Or maybe just take off stops, or widen by 100 pips, at news times and when Carney, Draghi or Yellen speak.
yup, my stops are now rather wide. In last 50 trades original stop was never touched. I always exited for other reasons.

shadow of above experience on my mind, which is a good thing.
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  • Posted: Feb 21, 2014 11:10am
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 42  /  Views: 10,262