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Cable Update (GBPUSD)

  • #453,181
  • Jun 20, 2017 7:03pm Jun 20, 2017 7:03pm
Has anyone seen anything that is causing this extreme downward move? I didn't think there was any major news or events going on this week.
  • #453,182
  • Jun 20, 2017 8:10pm Jun 20, 2017 8:10pm
Quoting AusFastLife
Has anyone seen anything that is causing this extreme downward move? I didn't think there was any major news or events going on this week.
PA fans will tell you that PA has been screaming for bearish move for a long time now, while fundamental people will point to carney's comment that indefinitely put on hold the BoE raise, then indy folks will swear by one of the 10,000 indicators that pinpointed the drop,
  • #453,183
  • Jun 20, 2017 10:17pm Jun 20, 2017 10:17pm
Quoting AusFastLife
Has anyone seen anything that is causing this extreme downward move?
I didn't think there was any major news or events going on this week.
Of course not!!!!
Are you Theresa May or something??!!!

No Brexit problems.
No political / social misery.
Carney opinions...
3 dubious dilettantes with hike votes
Technical pointing at 1.20 or 1.10

But no, nothing major!!!!!
You buying now??! buy my old shoes too??
Beware of robber banks (RB), bad advisors.
  • #453,184
  • Jun 20, 2017 10:43pm Jun 20, 2017 10:43pm
Quoting Not-KPMG
{quote} Of course not!!!! Are you Theresa May or something??!!! No Brexit problems. No political / social misery. Carney opinions... 3 dubious dilettantes with hike votes Technical pointing at 1.20 or 1.10 But no, nothing major!!!!! You buying now??! buy my old shoes too??
Geez, sarcastic much . I realise the recent failed snap election and Brexit are the current concerns in the UK, and if that makes everyone feel a bit pessimistic for the future then I can see why the GBPUSD would head south. But those things did not happen yesterday, they've been around for a while, so I was wondering more along the lines of why the sentiment seemed to kick in particularly strongly yesterday starting with a sudden 81 pip drop.

There were also very sudden drops with the election poll results being released, then with the election results themselves and now...well for no real reason (that didn't already exist). Generally there is a triggering stimulus for large sudden moves, not just the general disappointment that we all feel towards our politicians pretty much all the time.

Just wondering out loud.
  • #453,185
  • Jun 21, 2017 12:35am Jun 21, 2017 12:35am
Inserted Video
  • #453,186
  • Jun 21, 2017 12:44am Jun 21, 2017 12:44am
Quoting Tecciztecatl
some pictures {image} {image} {image} {image}
I like your drawing of a star. Very 'etch-a-sketch'.
Focus.
  • #453,187
  • Jun 21, 2017 2:08am Jun 21, 2017 2:08am
2017/06/21 Wednesday 09:00 +1GMT
EARLY MORNING REPORT
Ubi maior minor cessat
  • #453,188
  • Jun 21, 2017 2:24am Jun 21, 2017 2:24am
Attached Image (click to enlarge)
Click to Enlarge Name: _gbpusd_0.png Size: 19 KB
  • #453,189
  • Jun 21, 2017 2:36am Jun 21, 2017 2:36am
Going to long here........ hopefully this is low enough.

In at 1.2591


Stop loss set at 1.2550......
  • #453,190
  • Jun 21, 2017 2:53am Jun 21, 2017 2:53am
Quoting 10cents
Going to long here........ hopefully this is low enough. In at 1.2591 Stop loss set at 1.2550......
i'm looking more down.
Work Hard In Silence, Let Your Success Be Your Noise.
  • #453,191
  • Jun 21, 2017 3:07am Jun 21, 2017 3:07am
Where is everyone? USA just raised rates, UK government in disarray. Are you reading The Daily Mail?
Gone to a better place
  • #453,192
  • Jun 21, 2017 3:13am Jun 21, 2017 3:13am
Quoting 10cents
Going to long here........ hopefully this is low enough. In at 1.2591 Stop loss set at 1.2550......
Let me know why? Yesterday's low was 1.26. We just broke through that and closed on the hourly.
Gone to a better place
  • #453,193
  • Jun 21, 2017 3:16am Jun 21, 2017 3:16am
Hello traders,

Another day in the paradise for me.

At the London open, very good volatility, opportunities present on GBPAUD, GBPCAD, GBPUSD and GBPJPY, that's for the pairs checked permanently and used for trading. I have decided to enter short on GBPJPY because of the ccfp, where the spread between the two legs GBP and JPY has been the most important at that moment.

Time in trade just above 10 minutes , so for an intraday trader the level of the stress has been mastered. You know what I mean, even with a low risk there is always something that could push the trader to do mistakes.

The chart is bellow as usual, with all the explanations on it. Don't hesitate to ask if you need further informations. For figures, please follow the trade explorer.

I wish you all a nice sunny day,
Attached Image (click to enlarge)
Click to Enlarge Name: 06_21_2017_GBPJPYM1.png Size: 54 KB
  • #453,194
  • Jun 21, 2017 3:18am Jun 21, 2017 3:18am
Quoting keep4x
{quote} i'm looking more down.
Longer term i'm looking down and have targets below....... but doesn't mean it can't move up 200-300 pips, catch some shorts and dive down again. Tricky but this sh** happens all the time.
  • #453,195
  • Jun 21, 2017 3:35am Jun 21, 2017 3:35am
Quoting ioni72
Hello traders, Another day in the paradise for me. At the London open, very good volatility, opportunities present on GBPAUD, GBPCAD, GBPUSD and GBPJPY, that's for the pairs checked permanently and used for trading. I have decided to enter short on GBPJPY because of the ccfp, where the spread between the two legs GBP and JPY has been the most important at that moment. Time in trade just above 10 minutes , so for an intraday trader the level of the stress has been mastered. You know what I mean, even with a low risk there is always something that...

Pleased everything is going so well for you and your PAMM account customers. Pretty good track record so far...
Gone to a better place
  • #453,196
  • Jun 21, 2017 4:15am Jun 21, 2017 4:15am
Quoting 10cents
{quote} Longer term i'm looking down and have targets below....... but doesn't mean it can't move up 200-300 pips, catch some shorts and dive down again. Tricky but this sh** happens all the time.
I know that can happen. But let me give you a tip. Trade away from the open - today 1.2630, especially if that is the trend.
Gone to a better place
  • #453,197
  • Jun 21, 2017 4:18am Jun 21, 2017 4:18am
Imagine the disappointment:

Attached Image


Consider our bluff called. Call me a remoaner if you like, but this government is now in a mess. Even the DUP don't want to get their hands dirty.

Mark Carney: that the Bank of England had issued ‘an emergency currency based on the Queen’s eggs, several thousand of which were removed from her ovaries in 1953 and held in reserve’.
Gone to a better place
  • #453,198
  • Jun 21, 2017 4:19am Jun 21, 2017 4:19am
Queens Speech this morning if people aren't aware already.
  • #453,199
  • Jun 21, 2017 4:19am Jun 21, 2017 4:19am
Quoting smikester
Where is everyone? USA just raised rates, UK government in disarray. Are you reading The Daily Mail?
so u read the newspapers and decide whether to short or long. just because it broke yesterday's low it was a short is it?? did you ever think that there is something called option expiry and attraction to a price at some level just to pick longs
  • #453,200
  • Jun 21, 2017 4:25am Jun 21, 2017 4:25am
Quoting smikester
{quote} I know that can happen. But let me give you a tip. Trade away from the open - today 1.2630, especially if that is the trend.

Thanks. Short at 1.2630 is that what you mean?

Frankly i don't monitor the opening........ i got up late today and price was already at 91 so i bought some.
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