+300 pips for the week
flat for now
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
Why is GBPUSD called cable? 66 replies
cable short for gbpusd? 6 replies
Dislikedtp reached at 5150 for +150 pips
+300 pips for the week
flat for nowIgnored
DislikedHey Jack
How are you?What is your bias for the evening? Thinking of shorting got burnt so bit hesitant ........TyIgnored
DislikedGuys Im very confused and suspicious about this move that started at 16:00GMT with GB appreciating - I cant understanding it. Everythign has been saying shorty.Ignored
DislikedHey Eric
How are you? Seems to me this thing keep moving to north to drop suddenly maybe........big boys normally do this sell to the strength and buy the very weakness............don't know if BOE planing a rate cute tomorrow? As you are in U.K what you hear about it? Heard United kingdom government in favor of weaker GBP and BOE for a stronger currency? Am I misinformed?
Thank you buddy.........at least I know lot of people including me lost big time today.................Ignored
DislikedHey Eric
How are you? Seems to me this thing keep moving to north to drop suddenly maybe........big boys normally do this sell to the strength and buy the very weakness............don't know if BOE planing a rate cute tomorrow? As you are in U.K what you hear about it? Heard United kingdom government in favor of weaker GBP and BOE for a stronger currency? Am I misinformed?
Thank you buddy.........at least I know lot of people including me lost big time today.................Ignored
DislikedGood work on looking at correlation!
I actually plot the inverse of the USDX on top of a GBP/USD chart and look for instances where the dollar index is moving opposite to G/U, and then plan around that.Ignored
DislikedHey Jack,
Yes I'm in London - the MPC has been very hush hush about it - but the shadow committee released a report today saying that they would prefer seeing the Bank opt to use all of the allowed QE measure of 150bn (only 75bn has been comitted so far) - I dont think another rate cut is possible or on the cards - and I'm not sure whether only 75bn was factored in last depreciation or the full value. Its a long shot but if it hasnt been factored in then we could see a move like March 5th or 9th I cant remember (check charts) - but overall I'm...Ignored
DislikedSpeaking of correlation pretty major divergence on EUR/USD and cable on 5 min/4H and hourly charts. Is EUR likely to move up? I'm thinking not because of short covering before tomorrow? somethings got to give.Ignored
DislikedThis is what I've got.
GBP/USD 4h in black, an inverse USDX in blue.
The USDX is making lower highs (which is ACTUALLY higher lows since this line is an inverse). At the same time, GBP/USD is making higher highs and lows. So there is dollar strength, apparently, while GBP/USD is going up.
Might be tough to see. Just stare! haha
I like to use this as a nice heads up as to what might be coming, but nonetheless we need confirmation.Ignored
DislikedHave a look at GBP/CHF chart - some mad moves - 11:21 - no particular reason - someones working at the wrong times like me!!Ignored
DislikedHey Banda hows it going?
Good work I have been looking at that myself, def looks like inverse H&S to me too! and also looks like 4hr candle is about to close bullish engulfing.
Something to note usd/chf is more closely correlated to eur/usd than cable though.Ignored
DislikedThis is what I've got.
GBP/USD 4h in black, an inverse USDX in blue.
The USDX is making lower highs (which is ACTUALLY higher lows since this line is an inverse). At the same time, GBP/USD is making higher highs and lows. So there is dollar strength, apparently, while GBP/USD is going up.
Might be tough to see. Just stare! haha
I like to use this as a nice heads up as to what might be coming, but nonetheless we need confirmation.Ignored