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Cable Update (GBPUSD)

  • #352,981
  • Edited 6:24am Nov 13, 2013 3:56am | Edited 6:24am
My chart showing why I went long before the news. Strong looking support and a rising MACD prompted my decision to risk spikes and open the position, not something I do lightly, but got away with it this time! TP 15.999.
  • #352,982
  • Nov 13, 2013 4:04am Nov 13, 2013 4:04am
Quoting cat
My chart showing why I went long before the news. Strong looking support and a rising MACD prompted my decision to risk spikes and open the position, not something I do lightly, but got away with it this time! TP 15.999. {image}
Do you pay for this platform ?
  • #352,983
  • Nov 13, 2013 4:11am Nov 13, 2013 4:11am
Quoting polbanda
{quote} Do you pay for this platform ?
Yes, about a dollar a day. I can get the same platform from another broker free of charge but with very limited historical data, which means I pay for this one really only for backtesting purposes.
  • #352,984
  • Nov 13, 2013 4:13am Nov 13, 2013 4:13am
Upcoming Boe Quarterly Inflation report: It basically boils down to this ? - if market believes Carney/believes a rate rise is some distance away £ will drop - it it doesn't or he signals that a rate rise is/may be sooner than the has been indicating - they'll buy it...

Best Wishes
it's all gone a bit........
  • #352,985
  • Nov 13, 2013 4:28am Nov 13, 2013 4:28am
Quoting lumesh
{quote} probability curve ? {image}
Those who say it cannot be done should not interrupt those who are doing it
  • #352,986
  • Nov 13, 2013 4:31am Nov 13, 2013 4:31am
wow
  • #352,987
  • Nov 13, 2013 4:31am Nov 13, 2013 4:31am
Carney seems to be making the same mistake Trichet did back in 2011 ?

Awesome how eurusd seem to be 100% affected of corss asset news. It'll only selloff when there's positive news for others and vice versa
  • #352,988
  • Nov 13, 2013 4:38am Nov 13, 2013 4:38am
a beginning ?? or ....... ???
Quoting iqyu5an
{image}
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h1-ironfx-financial-services-hi-dear.png Size: 54 KB
not euphoria follower
  • #352,989
  • Nov 13, 2013 4:40am Nov 13, 2013 4:40am
Pending sell at 1.6005

If it triggers. Great. If not, no biggie.
I'm heading out for sun and fresh air.
Back for NY open.
Those who say it cannot be done should not interrupt those who are doing it
  • #352,990
  • Nov 13, 2013 4:43am Nov 13, 2013 4:43am
Quoting PipTrapper
Pending sell at 1.6005 If it triggers. Great. If not, no biggie. I'm heading out for sun and fresh air. Back for NY open.
I have this line on my chart, and 1.6013 is 61.8 Fibo level
  • #352,991
  • Nov 13, 2013 4:45am Nov 13, 2013 4:45am
Quoting PipTrapper
Pending sell at 1.6005
Can't see a problem with that:

"That underpins the MPC’s intention to maintain the exceptionally stimulative stance of monetary policy until there has been a substantial reduction in the degree of economic slack."
  • #352,992
  • Nov 13, 2013 4:45am Nov 13, 2013 4:45am
Quoting lumesh
Carney seems to be making the same mistake Trichet did back in 2011 ? Awesome how eurusd seem to be 100% affected of corss asset news. It'll only selloff when there's positive news for others and vice versa

any idea what he has said..the thing has moved 100 pips the wrong way
  • #352,993
  • Nov 13, 2013 4:47am Nov 13, 2013 4:47am
TP hit - very fast 120 pips - nice if they were all like that!
  • #352,994
  • Nov 13, 2013 4:47am Nov 13, 2013 4:47am
Some bears probably got screwed there - they went with the less likely probability re carney's speech effect and paid the price...others will be holding from higher (or lower) than current price...at the very least the move up off yesterday's lo puts a dent in near-term bearishness.

Best Wishes
it's all gone a bit........
  • #352,995
  • Nov 13, 2013 4:48am Nov 13, 2013 4:48am
lo carney took out many people here in 10 mins and we are not finished
  • #352,996
  • Nov 13, 2013 4:50am Nov 13, 2013 4:50am
Quoting giveachance
lo carney took out many people here in 10 mins and we are not finished
its finished..
Attached Image
  • #352,997
  • Nov 13, 2013 4:51am Nov 13, 2013 4:51am
Quoting nAVIN2007
{quote} any idea what he has said..the thing has moved 100 pips the wrong way
Basically he says that the outlook is improving and as such the increase in rates might be earlier than in the last guidance. They are fairly dovish though...
  • #352,998
  • Nov 13, 2013 4:52am Nov 13, 2013 4:52am
Quoting nAVIN2007
{quote} its finished.. {image}

is it? go on selling and carney takes this thing to 1.62
  • #352,999
  • Nov 13, 2013 4:54am Nov 13, 2013 4:54am
Quoting giveachance
{quote} is it? go on selling and carney takes this thing to 1.62

watch and see
u have to much emotion attached to yur computer screen
  • #353,000
  • Nov 13, 2013 4:56am Nov 13, 2013 4:56am
Quoting JimmyC
{quote} Basically he says that the outlook is improving and as such the increase in rates might be earlier than in the last guidance. They are fairly dovish though...

good news ..he has to say something positive
but it does not change the charts
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