DislikedLong the cable???? Thats a NO NO !!!
Today is the 4th of July...tomorrow is George Soros birthday...lets short the pound !!!!Ignored
http://www.lifeprint.com/asl101/signjpegs/s/stink.1.jpg
Gotta go. Be back when my broker gets back
Cable Update - Continued 102 replies
Cable (GBPUSD) vs Euro (EURUSD) 31 replies
Cable Update (GBP/USD) without Idiots 23 replies
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cable short for gbpusd? 6 replies
DislikedLong the cable???? Thats a NO NO !!!
Today is the 4th of July...tomorrow is George Soros birthday...lets short the pound !!!!Ignored
DislikedLong the cable???? Thats a NO NO !!!
Today is the 4th of July...tomorrow is George Soros birthday...lets short the pound !!!!Ignored
DislikedWell I think we have a bit more buying in the lead up to BOE announcement, But I think once it is announced cable will drop and I will have my shorts ready.
This is more based on my fundamental view that 5.75% is fully priced in. If rate on hold then its very good for bears!Ignored
DislikedI just opened a long trade at 2.0160.
I believe we will see buying on run up to interest rate announcement
We are in a small upward range and I believe a buy here will have good R:R
On my 1 hour system there is a buy entry (dont normally use 1 hour as too short a time frame)
What do you think?Ignored
Dislikedif the BOE didn't increase the rate or we have the expected rate which was already priced in, then we are talking about 50-150 pip move down, its not that strong move as there is no data from US to support the US dollar, its just traders collecting profit and getting out of their trades.
If BOE increased the rate beyond the predicated rate then we will saw a 200+ move as trader will jump to a high swap rate currency.
in both cases its worth to wait for the news and lose 15-30 pip during the news to confirm the entry.
put your entry at the channel with stoploss 10 pips lower than the other side of the channel
Good luck everyone , and watch out there might be a whipsaw in this move lots of orders are stacked on both side of the channel and brokers might take advantge of thatIgnored
DislikedThis is more based on my fundamental view that 5.75% is fully priced in. If rate on hold then its very good for bears!Ignored
DislikedSometimes i wonder why "terorists attack" often occurs during interest rate statements? May be they trade forex also? and everytime the market dont go with what they trade they start to "bomb" some place?
Its like.. "Oh shit.. i shorted from 2.00 and my s/l almost got hit.. lets bomb the airport.. maybe that will bring cable lower.." kinda things??Ignored