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Cable Update (GBPUSD)

  • #365,641
  • Edited 8:12am Feb 24, 2014 8:00am | Edited 8:12am
Quoting Citiboy
{quote} Id laugh at this, but the new Netflix documentary "MITT" is actually pretty damn good. Shows him in a much more personal light, not a bad movie to watch at all.
I like your fundemetal posts.
Good job on Verizon posts Tues is last "chance " for Bulls

"Citi also expects forex trade by passive funds that would buy sterling and sell US dollars of about $2.4bn on the close of 21 February and $5.1bn on the close of 25 February."

Only reservation I have about this is its no longer buy a rumor but stated declaration which makes me think market has already consumed this news.
In trading, you have to be defensive and aggressive at the same time
  • #365,642
  • Feb 24, 2014 8:13am Feb 24, 2014 8:13am
ok now what just triggered? i haven't seen anything that might have trigger the selloff?
  • #365,643
  • Feb 24, 2014 8:15am Feb 24, 2014 8:15am
Quoting cheater
ok now what just triggered? i haven't seen anything that might have trigger the selloff?
Nor have I, but once the NY traders get to work chaos prevails
  • #365,644
  • Feb 24, 2014 8:15am Feb 24, 2014 8:15am
Quoting cheater
ok now what just triggered? i haven't seen anything that might have trigger the selloff?
gates just got smashed.Pressure of Bears.It does not have to be news driven.
In trading, you have to be defensive and aggressive at the same time
  • #365,645
  • Feb 24, 2014 8:15am Feb 24, 2014 8:15am
again ????? what was that ???
  • #365,646
  • Feb 24, 2014 8:17am Feb 24, 2014 8:17am
Change to buy dip
  • #365,647
  • Feb 24, 2014 8:17am Feb 24, 2014 8:17am
Quoting Davit
{quote} gates just got smashed.Pressure of Bears.It does not have to be news driven.
i hope no retail bulls in here got caught in the fake breakout..it really hurts
  • #365,648
  • Feb 24, 2014 8:17am Feb 24, 2014 8:17am
what are the chances of it going to.6650 again ?
Everything you want lies on the other side of fear.
  • #365,649
  • Feb 24, 2014 8:18am Feb 24, 2014 8:18am
Quoting Neeraj_Raj
what are the chances of it going to.6650 again ?
how long is a piece of string?
  • #365,650
  • Feb 24, 2014 8:19am Feb 24, 2014 8:19am
Quoting Neeraj_Raj
what are the chances of it going to.6650 again ?
50/50 if 66 holds
In trading, you have to be defensive and aggressive at the same time
  • #365,651
  • Feb 24, 2014 8:23am Feb 24, 2014 8:23am
Looks like more of a get-rid-of-weak-longs move.
COT: The precious data ignored
  • #365,652
  • Feb 24, 2014 8:25am Feb 24, 2014 8:25am
Quoting kuroro001
Looks like more of a get-rid-of-weak-longs move.
EU has not moved yet.Key is EU
3720 still
In trading, you have to be defensive and aggressive at the same time
  • #365,653
  • Feb 24, 2014 8:26am Feb 24, 2014 8:26am
This move was nice. My stupid broker went off right before the fall and is still not taking orders. No liquidity for SELL XAG/USD! No liquidity for SELL GBP/USD!
  • #365,654
  • Feb 24, 2014 8:29am Feb 24, 2014 8:29am
Quoting sakisf
This move was nice. My stupid broker went off right before the fall and is still not taking orders. No liquidity for SELL XAG/USD! No liquidity for SELL GBP/USD!
alpari?
Fix up, trade sharp ...
  • #365,655
  • Feb 24, 2014 8:29am Feb 24, 2014 8:29am
Quoting Hickson
{quote} alpari?
lol
  • #365,656
  • Feb 24, 2014 8:31am Feb 24, 2014 8:31am
Quoting Davit
{quote} EU has not moved yet.Key is EU 3720 still
EU is being bought to me. Possibility for another low still but bulls are far from being dead
COT: The precious data ignored
  • #365,657
  • Feb 24, 2014 8:31am Feb 24, 2014 8:31am
Quoting Hickson
{quote} alpari?
Dukascopy - This instrument is temporarily unavailable for online trading (applies to all).

Couldn't close gbp shorts for max profit.
  • #365,658
  • Feb 24, 2014 8:33am Feb 24, 2014 8:33am
Quoting sakisf
{quote} Dukascopy - This instrument is temporarily unavailable for online trading (applies to all). Couldn't close gbp shorts for max profit.
Hm, interesting. The first time I heard something bad about Dukascopy.
Fix up, trade sharp ...
  • #365,659
  • Feb 24, 2014 8:35am Feb 24, 2014 8:35am
Their servers must have gone down. There is no price feed coming in for about 20-30 minutes and no executions. It happened again to me 1-2 times in the past with them but late at night and only for 2-3 minutes or so.
  • #365,660
  • Feb 24, 2014 8:37am Feb 24, 2014 8:37am
http://fxtrade.oanda.co.uk/analysis/...r-book#GBP/USD

How helpful insights do these fx position charts are ? ...... during these couple of days prices have reversed at massive buy positions as stated in those charts ??
Everything you want lies on the other side of fear.
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