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  • Huge cable bid hits thin market, pound jumps

    From forexlive.com

    Looks like someone just realized they needed to fill a large cable order before month end. GBP/USD up to 1.6595 from 1.6568 in seconds. Huge move in a thin market on no news? If you’re around on a Friday, that’s the kind of thing you might want to fade. Last week ahead of the close we had some bizarre moves on Draghi’s late-day comments then the market gapped lower at the open. I’m looking for some reason to explain the cable jump (perhaps something from Carney in the weekend papers) but I haven’t found anything.

what happen?
LOL
All posts are my personal opinion
  •  Guest
  • | IP X.XX.59.232
Very strange behaviour at the end of the week....
blatant stop loss hunting again today
Nice as expected.................. this type of behavior is abnormally normal at the last Friday of a month............. hahaha.........
  •  Guest
  • | IP XX.XXX.203.60
will .... may be that happen coz i was buying GBP
That is called month-end profit taking Nothing unusual. GBPUSD has shown strong PMI results and a technical jump from H4 support has happened today on profit taking Friday.
  •  Guest
  • | IP XX.XXX.145.159
shark unable to take out cable

https://www.youtube.com/watch?v=1ex7uTQf4bQ
lost ... no obvious reason!!!
the only uk industry is market manipulation. gl with taking money out of gbp markets.
That is 27 pips. This guy is a moron. Only an idiot would call a 27 pip move huge.
Not a huge move overall for Cable indeed... However, quite shocking for those of us trading Cable on Friday, considering the deadness of the market in NY session. Luckily for me, this helped me TP on some longs. better be lucky than good
huge move ? it cannot break daily high.
indeed not huge move.
  •  Guest
  • | IP XXX.XXX.95.237
Exactly:
Quoting nanningbob
That is 27 pips. This guy is a moron. Only an idiot would call a 27 pip move huge.
Quoting nanningbob
That is 27 pips. This guy is a moron. Only an idiot would call a 27 pip move huge.
Cant agree more! A huge move is when EURUSD went from 1.34 to almost 1.4 on almost no backed fundamentals! That is a fx pump and dump right there if I every saw one!
All posts are my personal opinion
Quoting Rtm
Cant agree more! A huge move is when EURUSD went from 1.34 to almost 1.4 on almost no backed fundamentals! That is a fx pump and dump right there if I every saw one!
Agreed.
Quoting Guest
shark unable to take out cable

https://www.youtube.com/watch?v=1ex7uTQf4bQ
Only a true big whale can take out the cable )
"There's a sucker born every minute" - P.T. Barnum
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  •  Guest
  • | IP X.XXX.241.39
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  • Story Stats
  • Posted: Aug 29, 2014 3:52pm
  • Submitted by:
     Newsstand
    Category: High Impact Breaking News
    Comments: 17  /  Views: 6,169