Cable Update (GBPUSD)

Quoting Noldie

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hi guys i longed gu and eu a few hours ago. for GU, it seems it might down but the pair is at the bottom of a 4H uptrend channel. Right now, i am in the negative which sucks. Any longers? thanks

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Quoting Forexia

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{quote} Thanks for the updates but it's a little disheartening that none of these news show up in the FF news. And as far as FX concerned, this is just internal UK news, shouldn't have THAT much of an impact on the currency. Republicans and Democrats fight all the time in Congress, US$ never gets impacted like that. And besides, UK is NOT in the EU. It still keeps its own currency. Who cares if it stays or leaves? And even with all those news, the drop in the cable should be lot more gradual BUT at 11:00 am E stupid DT, there was just this one 45-pip...

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Quoting Noldie

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hi guys i longed gu and eu a few hours ago. for GU, it seems it might down but the pair is at the bottom of a 4H uptrend channel. Right now, i am in the negative which sucks. Any longers? thanks

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Quoting baherhosni

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{quote} one more thing, which uptrend channel are you referring to?!

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Quoting baherhosni

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hey lets face it.. there will have to bulls for bears to profit in a down trend.. and also the opposite is true.. fxtyrent, u r simply frustrated with the traders who are putting the money you will take at your target in to the market.. while u should be thanking them...

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Quoting Noldie

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seems i am the only one who s long today...

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Quoting fxtyrant

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{quote} actually no.... the retail trader community is about 5% of the whole Forex Market.... so really Retail Traders are in the pole position for everyone to gain against the banks and hedge fund who make up the 95% What i really want to see is Retail Traders unified together to take on the banks. so that we can all profit..... its figuratively possible... but you got idiots who trust the banks' who say Long the GBPUSD and shit... i would Prefer to know that i am Gaining on the Bank's Miseries... instead of Me gaining on other retail traders...

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Quoting Noldie

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seems i am the only one who s long today...

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Quoting Forexia

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{quote} I am long too but thank god not in cable BUT it's being dragged down by the cable just the same. I get it that the forex is impacted by the news and it's nice when you are on the right side but the correlation is ridiculous!!! This is not the first time that I take a position in one currency because of its strength/weakness and it ended up propped up/dragged down by another in the market. It's like there is no independant currency anymore. Sometimes I really feel like whack some of the currencies on the head and say "Hey!! Grow a pair and...

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Quoting Forexia

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{quote} I am long too but thank god not in cable BUT it's being dragged down by the cable just the same. I get it that the forex is impacted by the news and it's nice when you are on the right side but the correlation is ridiculous!!! This is not the first time that I take a position in one currency because of its strength/weakness and it ended up propped up/dragged down by another in the market. It's like there is no independant currency anymore. Sometimes I really feel like whack some of the currencies on the head and say "Hey!! Grow a pair and...

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Quoting fxtyrant

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{quote} actually no.... the retail trader community is about 5% of the whole Forex Market.... so really Retail Traders are in the pole position for everyone to gain against the banks and hedge fund who make up the 95% What i really want to see is Retail Traders unified together to take on the banks. so that we can all profit..... its figuratively possible... but you got idiots who trust the banks' who say Long the GBPUSD and shit... i would Prefer to know that i am Gaining on the Bank's Miseries... instead of Me gaining on other retail traders...

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Quoting fxtyrant

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{quote} be careful correlation of the EURUSD and the GBPUSD is not as correlated as before.... because we have tradres who see UK and Europe in battle against each other... the idea that the UK leaving Europe and stuff has literally made EURGBP a more attractive currency to play with hence de-correlating the EURO and the GBP.... just like today.... EURUSD stayed strong... and GBPUSD tanked.... so really GBP has its balls and its moving by itself... but obviously if ur trading EURGBP, GBPNZD, GBPUSD, GBPAUD, anything to do with GBP, you'll see the...

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Quoting Forexia

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{quote} I hope so. I am counting on the fiber staying strong. After all, it's 13 countries combined and cable is just 1 but looks like it needs to borrow cable's balls today.

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Quoting fxtyrant

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{quote} Well i am Long EURGBP.... so i expect EURUSD to stay strong while GBPUSD Falls...

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Quoting Forexia

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{quote} Well I am with you on the fiber side. Now I just have to cut off USD's balls so it won't go up too much but given the USD's strength lately it's a bit hard... Damnn, should've stayed out today.

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Quoting fxtyrant

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{quote} actually theres every reason for USD strength... GOLD sold meaning people are converting their gold back to USD paper money. US Interest rate already at its lowest, it cant go below 0 and dont talk to me bout negative interest rates cuz thats not gona happen. so interest rates only way is up... and up means people abroad will flood back to the USD to gain on interest. US treasury bond yields are rising.. meaning goverment are paying more money to the poeple as people are pulling out of treasury back into USD cash... and also... Jobs market...

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