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Cable Update (GBPUSD)

  • #364,541
  • Feb 18, 2014 8:12pm Feb 18, 2014 8:12pm
Quoting Baggi
Does anyone in this thread trade the GBP USD options?
I'm planning too in the near future.
There are those who know, and there are those who don't know.
  • #364,542
  • Feb 18, 2014 8:15pm Feb 18, 2014 8:15pm
Quoting Ill-b-back
{quote} Personally, I don't think that will be a problem. I'm Watching the daily 200ema for a possible target over coming weeks.
i hope so too....that coincides with my target as well
  • #364,543
  • Feb 18, 2014 8:45pm Feb 18, 2014 8:45pm
Quoting Baggi
Does anyone in this thread trade the GBP USD options?
Yep.
I have no clue what I'm talking about.
  • #364,544
  • Feb 18, 2014 8:54pm Feb 18, 2014 8:54pm
Quoting Boy Wonder
{quote} Yep.
What broker or platform do you use?
  • #364,545
  • Feb 18, 2014 9:59pm Feb 18, 2014 9:59pm
Hold it there...
Attached Image
  • #364,546
  • Feb 18, 2014 10:27pm Feb 18, 2014 10:27pm
Quoting Boy Wonder
{quote} Yep.

I'm thinking of opening 4 strangles here at 1.69 and 1.64 for March.

I'm assuming one can only trade these options during market hours and not whenever Forex happens to be up and running?
  • #364,547
  • Feb 18, 2014 10:30pm Feb 18, 2014 10:30pm
Quoting Baggi
Not much action right now. I think I'll try looking at put options and seeing what happens.
where do you see put options?
  • #364,548
  • Feb 18, 2014 10:41pm Feb 18, 2014 10:41pm
What up GBP traders! Ye all ready for today's Unemployment Claimant change & Unemployment Rate?

  1. Claimant change expected to be 18k-20k less filing for Unemployment from December to January (-18k to -20k).
  2. Unemployment rate to be 7.1%.
  3. Bank o England isn't expected to change their Asset purchases nor the interest rate via unanimous votes (9 MPC members)

  • #364,549
  • Feb 18, 2014 10:47pm Feb 18, 2014 10:47pm
Quoting trexy123
{quote} where do you see put options?

Same place I see all my options. For this pair, under Options, in my brokerage, I put in GBP and it gives me both Put and Call options for GBPUSD.
  • #364,550
  • Feb 18, 2014 10:58pm Feb 18, 2014 10:58pm
Quoting Baggi
{quote} Same place I see all my options. For this pair, under Options, in my brokerage, I put in GBP and it gives me both Put and Call options for GBPUSD.
Hi Baggi

Once I sort my FX charts out

I would like to look into some of these products

my broker does not do it
  • #364,551
  • Feb 18, 2014 11:18pm Feb 18, 2014 11:18pm
Quoting EmeraldEyes
What up GBP traders! Ye all ready for today's Unemployment Claimant change & Unemployment Rate? Claimant change expected to be 18k-20k less filing for Unemployment from December to January (-18k to -20k). Unemployment rate to be 7.1%. Bank o England isn't expected to change their Asset purchases nor the interest rate via unanimous votes (9 MPC members)
hi emerald, sounds like news!
where is such news released? can u share?
  • #364,552
  • Feb 18, 2014 11:23pm Feb 18, 2014 11:23pm
Quoting shon9178
{quote} hi emerald, sounds like news! where is such news released? can u share?
You can see the figures when they come out here:
http://www.forexfactory.com/calendar.php
  • #364,553
  • Feb 18, 2014 11:29pm Feb 18, 2014 11:29pm
Quoting SaiLyfee
{quote} You can see the figures when they come out here: http://www.forexfactory.com/calendar.php
yes that I know thanks, just he is quoting figures which are forecasts before it is released.
anyhow thanks all.

I hope the figures come out blatant so that prices does go into consolidation and some correction.
  • #364,554
  • Feb 18, 2014 11:42pm Feb 18, 2014 11:42pm
Quoting shon9178
{quote} yes that I know thanks, just he is quoting figures which are forecasts before it is released. anyhow thanks all. I hope the figures come out blatant so that prices does go into consolidation and some correction.
Yes the forecasts he is quoting can be found on that link if you look towards the right where all those columns are!
Gosh, if we see votes to raise interest rates to a magnitude of at least 5>4 just imagine the panic that will set in..especially after such a strong rally..
I'll be watching to sell then
  • #364,555
  • Feb 18, 2014 11:48pm Feb 18, 2014 11:48pm
Which way will she go before we have interest rate votes, unemployment rate, unemployment claims and asset votes!
Attached Image (click to enlarge)
Click to Enlarge Name: gu breakout prior interest rates.png Size: 20 KB


  • #364,556
  • Feb 19, 2014 12:23am Feb 19, 2014 12:23am
Bullish momentum has consolidated overnight, so now looking set to rally towards 760-780. If unemployment figures are positive cable will fly north.
  • #364,557
  • Feb 19, 2014 12:31am Feb 19, 2014 12:31am
Quoting shon9178
{quote} hi emerald, sounds like news! where is such news released? can u share?
This is why the markets are so calm right now. Traders await UK Unemployment and BoE action (or lack of)...
  • #364,558
  • Feb 19, 2014 12:34am Feb 19, 2014 12:34am
Quoting SaiLyfee
{quote} Yes the forecasts he is quoting can be found on that link if you look towards the right where all those columns are! Gosh, if we see votes to raise interest rates to a magnitude of at least 5>4 just imagine the panic that will set in..especially after such a strong rally.. I'll be watching to sell then
'Should' all be unanimous votes and the bank 'shouldn't' change anything. Even one vote would turn sentiment, IMO.
I think the surprise would be from the Unemployment claimant count. Here's the trends of previous claimant counts here from the FF calendar:
Attached Image (click to enlarge)
Click to Enlarge Name: gbp_claimant.jpg Size: 34 KB
  • #364,559
  • Feb 19, 2014 12:35am Feb 19, 2014 12:35am
Some info specific to the Gbp/Usd for today:
GBPUSD – Stop orders on either side as we approach UK Unemployment & BoE decisions. Sell stops under 1.6650, large buy stops growing at 1.6750

Trip in to those and there's going to be big liquidity demand in that direction.
  • #364,560
  • Feb 19, 2014 12:36am Feb 19, 2014 12:36am
Cable is waiting for some explosive to slip like a soap.Still at very uncomfortable highs.
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