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Cable Update (GBPUSD)

  • #368,601
  • Mar 19, 2014 4:29am Mar 19, 2014 4:29am
With EU hanging around these levels(1.39xx), GU can move up to 1.71xx with no problem, even with EU @ 1.36xx, GU @ 1.71xx shouldn't be a problem.

Lets where they both end up.

I am not talking short-term.
  • #368,602
  • Mar 19, 2014 4:30am Mar 19, 2014 4:30am
Quoting godim
{quote} In my opinion resistances are 6633 and 6650 {image}
I was a little low the first time, we'll see if we get a move back up towards 6650, but I think its a place to take a chance anyway...gl
Look Sharp/Trade Tight
  • #368,603
  • Mar 19, 2014 4:32am Mar 19, 2014 4:32am
i dont get it. its been great news for GBP and it hasnt shot up? any ideas?
  • #368,604
  • Mar 19, 2014 4:32am Mar 19, 2014 4:32am
sell 636 sl ?
With a good book and quality paper you can fine wipe your ass.
  • #368,605
  • Mar 19, 2014 4:34am Mar 19, 2014 4:34am
Quoting sunny0
i dont get it. its been great news for GBP and it hasnt shot up? any ideas?
There will be an effect soon.
  • #368,606
  • Mar 19, 2014 4:34am Mar 19, 2014 4:34am
short 6635 gamble sl to manage breakout on the 1 hour thou ?? must be crazzy
  • #368,607
  • Mar 19, 2014 4:35am Mar 19, 2014 4:35am
Quoting sunny0
i dont get it. its been great news for GBP and it hasnt shot up? any ideas?

Possible: Good news(expected) factored in before release, people taking profits after the publication of news.

Dozens other possible replies but this one works best as per the PA.
  • #368,608
  • Mar 19, 2014 4:36am Mar 19, 2014 4:36am
Quoting Suffo
sell 636 sl ?
out 621
With a good book and quality paper you can fine wipe your ass.
  • #368,609
  • Mar 19, 2014 4:36am Mar 19, 2014 4:36am
Quoting neo1599
{quote} Possible: Good news(expected) factored in before release, people taking profits after the publication of news. Dozens other possible replies but this one works best as per the PA.

this is so bad i took a buy just seconds after i saw the results and now it dropped down.
  • #368,610
  • Mar 19, 2014 4:37am Mar 19, 2014 4:37am
Break and close below 6602 on M15 should see a run down to yesterday lows, before the GMT H4 candle close. IMO
  • #368,611
  • Mar 19, 2014 4:37am Mar 19, 2014 4:37am
Supposed to Shoot North??? Deliberate Manipulation!!!
  • #368,612
  • Mar 19, 2014 4:38am Mar 19, 2014 4:38am
Quoting sunny0
{quote} this is so bad i took a buy just seconds after i saw the results and now it dropped down.
Read My Post above!!!
  • #368,613
  • Mar 19, 2014 4:38am Mar 19, 2014 4:38am
Quoting sunny0
{quote} this is so bad i took a buy just seconds after i saw the results and now it dropped down.
Don't trade news if you are beginning. Its like the price of admission which can be avoided by getting pally with the bouncer, just come watch the price movements let the dust settle and make decisions.
Jot down notes on pre and post news PA.
  • #368,614
  • Mar 19, 2014 4:41am Mar 19, 2014 4:41am
Quoting neo1599
{quote} Don't trade news if you are beginning. Its like the price of admission which can be avoided by getting pally with the bouncer, just come watch the price movements let the dust settle and make decisions. Jot down notes on pre and post news PA.

Yeah I learned my flammin lesson! so annoyed. just going to try and hold it now.
  • #368,615
  • Mar 19, 2014 4:41am Mar 19, 2014 4:41am
Quoting sunny0
{quote} this is so bad i took a buy just seconds after i saw the results and now it dropped down.
no one should buy unless it breaks 6650 and hold over there!
I took a quick short at 6635 still holding it! let's see
  • #368,616
  • Mar 19, 2014 4:44am Mar 19, 2014 4:44am
Quoting elbert3
short 6635 gamble sl to manage breakout on the 1 hour thou ?? must be crazzy
gamble may pay off if 6610 does not hold but then again yellen is there today. she may be ultra dovish and may not taper
  • #368,617
  • Mar 19, 2014 4:45am Mar 19, 2014 4:45am
I still have 6695 as target and if techs agree 6760 and then 6845
  • #368,618
  • Mar 19, 2014 4:45am Mar 19, 2014 4:45am
Quoting giveachance
{quote} gamble may pay off if 6610 does not hold but then again yellen is there today. she may be ultra dovish and may not taper
Doubt that. There is no reason too. They need more bad weather. Maybe the summer will be to hot to hire people.
When the facts change I change my mind, what do you do sir
  • #368,619
  • Mar 19, 2014 4:46am Mar 19, 2014 4:46am
Right now, i might be the most surprised. Why does trade goes down, when news is good and we expect a north push... this is manipulation of the highest order.. this happens a whole lot of time, i just have never summoned the courage to go the opposite direction the news states, for at least the first thirty minutes... it happens all the time... buy signal, goes 50 pips down, and goes back up, sloowwlly..... what a market we are!!!
  • #368,620
  • Mar 19, 2014 4:49am Mar 19, 2014 4:49am
Thursday 13th March Inverted hammer daily candle closed at 1.6623???
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