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Cable Update (GBPUSD)

  • #365,741
  • Feb 24, 2014 10:47pm Feb 24, 2014 10:47pm
Quoting EmeraldEyes
{quote} Someone needs to take-profit or short so this thing can move! {image}

The only thing that moves it is Wall Street.

The US market is the only thing that matters in the world today.
  • #365,742
  • Feb 25, 2014 12:00am Feb 25, 2014 12:00am
strong sell. Short at 1.6666 with tp1: 1.6600 ( 100% profit )
  • #365,743
  • Feb 25, 2014 12:04am Feb 25, 2014 12:04am
We could see serious volatility because of CITI Bank injecting 5B into buying Sterling from Verizon deal.
This is the last date.
I suspect to unload this kind of volume requires greater liquidity so Either London Open or NY London overlap.
"Analysis by Citibank expects the pound to appreciate following the sale as funds buy sterling and sell US dollars – about $2.4bn on the close of the February 21 and $5.1bn on the close of the 25, according to its estimates. "

http://www.telegraph.co.uk/finance/n...lar-falls.html

Could be the reason why this morning Cable failed to break 66 and then surged up.

For Bears we just need to survive this turbulence without breaking teeth,back
In trading, you have to be defensive and aggressive at the same time
  • #365,744
  • Feb 25, 2014 12:16am Feb 25, 2014 12:16am
Quoting Davit
We could see serious volatility because of CITI Bank injecting 5B into buying Sterling from Verizon deal. This is the last date. I suspect to unload this kind of volume requires greater liquidity so Either London Open or NY London overlap. "Analysis by Citibank expects the pound to appreciate following the sale as funds buy sterling and sell US dollars – about $2.4bn on the close of the February 21 and $5.1bn on the close of the 25, according to its estimates. " http://www.telegraph.co.uk/finance/n...lar-falls.html...
what's the bull level you looking at? 6750?
  • #365,745
  • Feb 25, 2014 12:20am Feb 25, 2014 12:20am
Quoting cheater
{quote} what's the bull level you looking at? 6750?
That's about right.I anticipate sharp drop afterwards like last Friday over 100pips in 1hour! We just need to weather the storm.
Consumer confidence 10am.This could be impetus depending on numbers.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #365,746
  • Feb 25, 2014 12:28am Feb 25, 2014 12:28am
Quoting Davit
We could see serious volatility because of CITI Bank injecting 5B into buying Sterling from Verizon deal. This is the last date. I suspect to unload this kind of volume requires greater liquidity so Either London Open or NY London overlap. "Analysis by Citibank expects the pound to appreciate following the sale as funds buy sterling and sell US dollars – about $2.4bn on the close of the February 21 and $5.1bn on the close of the 25, according to its estimates. " http://www.telegraph.co.uk/finance/n...lar-falls.html...
I am staying away from this. This is 3rd straight day now I will not trade this. such a bullshit pair.
  • #365,747
  • Feb 25, 2014 12:29am Feb 25, 2014 12:29am
Quoting JTattheRanch
{quote} The only thing that moves it is Wall Street. The US market is the only thing that matters in the world today.

so do you advise the finance ministers to close other markets? US matters the most is correct because that is from where all the problems start
  • #365,748
  • Feb 25, 2014 12:31am Feb 25, 2014 12:31am
Quoting tedsung
strong sell. Short at 1.6666 with tp1: 1.6600 ( 100% profit )
please read what davit has posted and make use of the imp news he posted
  • #365,749
  • Feb 25, 2014 12:33am Feb 25, 2014 12:33am
Quoting Mr Mao
{quote} in the opposite,i'd like to be a shorter. will usdcad rise to 1.16?i doubt about that much.

I was a few days back but when cad went to 1.0908 closed all. usd/cad is eventually going to 1.18
  • #365,750
  • Feb 25, 2014 12:43am Feb 25, 2014 12:43am
In retrospect, it was a little unrealistic for us to expect Cable to break that fib/support on first touch or first day (particularly a no news Monday).
historically, it doesn't happen this way unless the trend is strong, which it isn't.
Come with me if you want to live....
  • #365,751
  • Feb 25, 2014 12:50am Feb 25, 2014 12:50am
Quoting Davit
We could see serious volatility because of CITI Bank injecting 5B into buying Sterling from Verizon deal. This is the last date. I suspect to unload this kind of volume requires greater liquidity so Either London Open or NY London overlap. "Analysis by Citibank expects the pound to appreciate following the sale as funds buy sterling and sell US dollars – about $2.4bn on the close of the February 21 and $5.1bn on the close of the 25, according to its estimates. " http://www.telegraph.co.uk/finance/n...lar-falls.html...
are they refer purchase Sterling at the current rate or lower ?
  • #365,752
  • Feb 25, 2014 12:56am Feb 25, 2014 12:56am
Quoting ozboy
{quote} are they refer purchase Sterling at the current rate or lower ?
I have no idea but I do know this will have an effect which already is having from 6585 to 6670 already...
I rather be proven wrong to be honest ...

I see opertunity to sell EU on spike if it occurs at 38
In trading, you have to be defensive and aggressive at the same time
  • #365,753
  • Feb 25, 2014 1:11am Feb 25, 2014 1:11am
http://w3.newsmax.com/newsletters/ap...o_code=166D4-1 is it true?
  • #365,754
  • Feb 25, 2014 1:16am Feb 25, 2014 1:16am
Quoting ozboy
http://w3.newsmax.com/newsletters/ap...o_code=166D4-1 is it true?
ah the infamous sean hyman story.
it's just a game of patience, which I hope by now most traders here have learned their lesson not to jump in abruptly through 'gut' feelings.
from what i know he uses technical indicators and watches for fundamentals to backup it's story then recommends to buy or sell.
there's a bunch of these guys out there.

best is you to find your own method of prudent trading method that you are comfortable with.
  • #365,755
  • Feb 25, 2014 1:19am Feb 25, 2014 1:19am
Quoting shon9178
{quote} ah the infamous sean hyman story. it's just a game of patience, which I hope by now most traders here have learned their lesson not to jump in abruptly through 'gut' feelings. from what i know he uses technical indicators and watches for fundamentals to backup it's story then recommends to buy or sell. there's a bunch of these guys out there. best is you to find your own method of prudent trading method that you are comfortable with.
roger that !
  • #365,756
  • Feb 25, 2014 1:30am Feb 25, 2014 1:30am
interesting that Frankfurt didn't do shit...
In trading, you have to be defensive and aggressive at the same time
  • #365,757
  • Feb 25, 2014 1:36am Feb 25, 2014 1:36am
Quoting Davit
interesting that Frankfurt didn't do shit...
So far...it is like to go to sleep again...
  • #365,758
  • Feb 25, 2014 1:42am Feb 25, 2014 1:42am
gbp will test 1.6770 at least today, I hope
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 17 KB
  • #365,759
  • Feb 25, 2014 1:45am Feb 25, 2014 1:45am
Quoting erdogac
gbp will test 1.6770 at least today, I hope {image}
Why not tomorrow or next week (!?)
  • #365,760
  • Feb 25, 2014 1:59am Feb 25, 2014 1:59am
Quoting erdogac
gbp will test 1.6770 at least today, I hope {image}
Why shouldnt it try 1.682?

That was a height seen only 8 days back
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