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Cable Update (GBPUSD)

  • #382,341
  • Jun 17, 2014 9:24am Jun 17, 2014 9:24am
Quoting okosodo
what will happen if this pair goes to 1.71?
We will see. No one knows.
  • #382,342
  • Jun 17, 2014 9:25am Jun 17, 2014 9:25am
[quote=DerekTrotter;7541579]
Quoting 45Condor
Stop it DT, you're bringing a tear to my eye... {quote}[/quote
...was struggling to keep the bottom lip from trembling as the emotion began to take hold.

It was a beautiful speech.
Author of: For Pip's Sake! (Available at Amazon... :-) )
  • #382,343
  • Jun 17, 2014 9:44am Jun 17, 2014 9:44am
Quoting okosodo
what will happen if this pair goes to 1.71?
Bulls will make
Ghost Rider - WWTBMD?
  • #382,344
  • Jun 17, 2014 9:48am Jun 17, 2014 9:48am
Good day,

Will be looking to short scalp GU on 1hr if we rise a little and conditions remain. At this point, shorts take preference for me on the shorter time frames. Off topic - I believe EU may bounce again from the current levels. Daily chart. Longer term position.

Trade well

Regards
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  • #382,345
  • Jun 17, 2014 9:55am Jun 17, 2014 9:55am
Quoting albchr
The grind to a halt. I do believe this is where the lost tour bus parks for a while folks. {image}
i go out for half an hour and what have you done >> it was going short when i left .. ???
  • #382,346
  • Jun 17, 2014 10:12am Jun 17, 2014 10:12am
Quoting DerekTrotter
{quote} Hello Beautifull
  • #382,347
  • Jun 17, 2014 10:14am Jun 17, 2014 10:14am
Quoting elbert3
{quote} i go out for half an hour and what have you done >> it was going short when i left .. ???
Sorry bro ... the seesaw was making me ill so I had to put a stop to it. I will resume normal go nowhere market action in the London session if I feel better. Right now, I must go get again.
Ghost Rider - WWTBMD?
  • #382,348
  • Jun 17, 2014 10:29am Jun 17, 2014 10:29am
Quoting albchr
{quote} Sorry bro ... the seesaw was making me ill so I had to put a stop to it. I will resume normal go nowhere market action in the London session if I feel better. Right now, I must go get again.
still looks ok we just need a burst down
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  • #382,349
  • Jun 17, 2014 10:35am Jun 17, 2014 10:35am
Quoting albchr
{quote} Bulls will make
Thats more like it
The fragrance remains in the hands of those that gves the rose
  • #382,350
  • Jun 17, 2014 10:44am Jun 17, 2014 10:44am
Quoting okosodo
{quote} Thats more like it
Yep! And when it drops to 6850 (or lower) first, the Bears will make ...
Ghost Rider - WWTBMD?
  • #382,351
  • Jun 17, 2014 10:45am Jun 17, 2014 10:45am
Quoting andrei.z
{quote} We will see. No one knows.
Some people know
The fragrance remains in the hands of those that gves the rose
  • #382,352
  • Jun 17, 2014 10:46am Jun 17, 2014 10:46am
Quoting elbert3
{quote} still looks ok we just need a burst down{image}
Be surprised if we see that today. Maybe Asian session will follow through some?
Ghost Rider - WWTBMD?
  • #382,353
  • Jun 17, 2014 10:47am Jun 17, 2014 10:47am
Quoting albchr
{quote} Yep! And when it drops to 6850 (or lower) first, the Bears will make ...
The fragrance remains in the hands of those that gves the rose
  • #382,354
  • Jun 17, 2014 10:48am Jun 17, 2014 10:48am
Quoting albchr
{quote} Yep! And when it drops to 6850 (or lower) first, the Bears will make ...
your not being negative are you ????? i have sold millions trying to get it down ?????
  • #382,355
  • Jun 17, 2014 10:50am Jun 17, 2014 10:50am
Quoting albchr
{quote} Be surprised if we see that today. Maybe Asian session will follow through some?
That will be in the heat of the moment
The fragrance remains in the hands of those that gves the rose
  • #382,356
  • Jun 17, 2014 10:51am Jun 17, 2014 10:51am
Quoting okosodo
{quote}
As a day trader I have a very simple philosophy. No bias. While it would be silly not to recognize the strong bull trend we're in, it's equally silly not to take advantage of both directions as PA allows for it.

I can't wait to collect on a few shorts to load up on longs now that 7000 has been breached.
Ghost Rider - WWTBMD?
  • #382,357
  • Jun 17, 2014 10:53am Jun 17, 2014 10:53am
Quoting elbert3
{quote} your not being negative are you ????? i have sold millions trying to get it down ?????
I'm never negative Billy, you know that.
Ghost Rider - WWTBMD?
  • #382,358
  • Jun 17, 2014 10:57am Jun 17, 2014 10:57am
Quoting albchr
{quote} I'm never negative Billy, you know that.
we broke 56 before it needs a kick up the arse , next 36 watch out in case it bumps up,
  • #382,359
  • Jun 17, 2014 10:59am Jun 17, 2014 10:59am
Quoting albchr
A nearly 4000 pip bad tick? How do you get an erroneous price? (No need to answer that rhetorical question Jason ). It's just that, WOW! Now I really am starting to feel like I'm in The Matrix .... lol
Bad ticks occur when a liquidity provider sends through an invalid price. By the looks of it, several broker feeds seem to have been similarly affected during the open of trading this past Sunday:

  1. http://www.forexfactory.com/showthre...63#post7537563
  2. http://www.forexfactory.com/showthre...25#post7537325
  3. http://www.donnaforex.com/forum/inde...2640#msg312640
  4. http://www.donnaforex.com/forum/inde...2525#msg312525


Quoting GlobalMacro
What if your trades were positively impacted....no need to file anything, everything will be automatically taken care of ?
Yes, but not for the reason you're suggesting.

The bad tick was untradable meaning there was no liquidity behind it to fill orders. No one was filled negatively or positively 4000 pips away from the market. However, just by having the extreme price print on the feed caused some accounts to have their equity briefly flash below the margin call level triggering an automatic closure of their trades at the real market price (not 4000 pips away). Our automatic trade adjustments reinstate the positions that were closed in error like the bad tick never happened.
  • #382,360
  • Jun 17, 2014 11:00am Jun 17, 2014 11:00am
GU M5

Falling out of a baby wedge... question is how far...
Slow boat to FOMC....

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