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Cable Update (GBPUSD)

  • #332,961
  • Dec 31, 2012 1:16pm Dec 31, 2012 1:16pm
what pushed pound up today? is there any one here that i can tell me?
Whatever is happening right now has happened before and will happen again.
  • #332,962
  • Dec 31, 2012 1:24pm Dec 31, 2012 1:24pm
Quoting mnmnmmnnmnmn
what pushed pound up today? is there any one here that i can tell me?
Not a good day for trading. Most serious traders will be back 3rd January onwards.

Today, the last day of the year, some traders may be squaring their books. If there has been low liquidity, as I suspect, this will cause whipsaws.
Gone to a better place
  • #332,963
  • Dec 31, 2012 1:36pm Dec 31, 2012 1:36pm
Quoting mnmnmmnnmnmn
what pushed pound up today? is there any one here that i can tell me?
The US fiscal cliff deadline is tonight. If congress doesn't pass something then the Bush tax cuts expire for 2013 - big time ongoing news event. Also as smikester said, it's not a great time to trade given thin volume at the end of the year. I entered short at the daily pin a week ago anyway though.
  • #332,964
  • Dec 31, 2012 1:44pm Dec 31, 2012 1:44pm
Quoting mnmnmmnnmnmn
what pushed pound up today? is there any one here that i can tell me?

Someone was buying.
  • #332,965
  • Dec 31, 2012 2:18pm Dec 31, 2012 2:18pm
Quoting neil324
Someone was buying.
Not necessarily.
Gone to a better place
  • #332,966
  • Dec 31, 2012 2:34pm Dec 31, 2012 2:34pm
Quoting ZizoFX
Longs looking good for now.
Indeed

About 40 pips needed above todays high for confirmation
Come with me if you want to live....
  • #332,967
  • Dec 31, 2012 2:36pm Dec 31, 2012 2:36pm
Quoting smikester
Not necessarily.
True, but given the strength and distance of the move, most likely.
  • #332,968
  • Dec 31, 2012 3:02pm Dec 31, 2012 3:02pm
Quoting Kanzler
Weekly candle was formed at a major supply zone, and given the strong reaction I'm putting my money on the idea that there's no buying power left up there. This thing is probably headed longer term for 1.5830.
Sometimes , Intentions are hidden on other Time frames...
Attached Image(s) (click to enlarge)
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  • #332,969
  • Dec 31, 2012 3:10pm Dec 31, 2012 3:10pm
Quoting neil324
True, but given the strength and distance of the move, most likely.
true
Attached Image (click to enlarge)
Click to Enlarge Name: gu38.gif Size: 16 KB
Come with me if you want to live....
  • #332,970
  • Edited 3:41pm Dec 31, 2012 3:21pm | Edited 3:41pm
Quoting taomql4
Sometimes , Intentions are hidden on other Time frames...

Smart eyeglasses.
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #332,971
  • Dec 31, 2012 3:53pm Dec 31, 2012 3:53pm
Quoting Zircon
Smart eyeglasses.
..

Happy New Year , buddy ..
  • #332,972
  • Dec 31, 2012 4:00pm Dec 31, 2012 4:00pm
Quoting Ill-b-back
true
And Happy New year to you too, Fellow baby ..lol
  • #332,973
  • Dec 31, 2012 4:34pm Dec 31, 2012 4:34pm
Quoting taomql4
And Happy New year to you too, Fellow baby ..lol


Happy New Year fellow baby...



Happy New Year!!!
Come with me if you want to live....
  • #332,974
  • Dec 31, 2012 4:44pm Dec 31, 2012 4:44pm
Quoting taomql4
And Happy New year to you too, Fellow baby ..lol
Rough night for this baby
Attached Image
Come with me if you want to live....
  • #332,975
  • Dec 31, 2012 7:30pm Dec 31, 2012 7:30pm
Quoting taomql4
Sometimes , Intentions are hidden on other Time frames...
I exited this one for small profit just above 1.62, wasn't happy that it broke the resistance there.
  • #332,976
  • Dec 31, 2012 8:39pm Dec 31, 2012 8:39pm
Quoting Ill-b-back
Indeed

About 40 pips needed above todays high for confirmation
  • #332,977
  • Jan 1, 2013 8:22pm Jan 1, 2013 8:22pm
An "amazing" market

Come with me if you want to live....
  • #332,978
  • Jan 1, 2013 8:25pm Jan 1, 2013 8:25pm
wowwwwwww.. Pound just killing so many accounts.
When Scalpers win, I lose and Vice varsa...
  • #332,979
  • Jan 1, 2013 8:27pm Jan 1, 2013 8:27pm
I hate the fact that FXCM is closed until about 4 hours from now. Some accounts will receive a margin call.
Numbers NEVER Lie
  • #332,980
  • Jan 1, 2013 9:32pm Jan 1, 2013 9:32pm
Quoting ZizoFX
I hate the fact that FXCM is closed until about 4 hours from now. Some accounts will receive a margin call.
Same situation, everybody else seems to have their feed back already.
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