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Cable Update (GBPUSD)

  • #384,341
  • Jun 30, 2014 6:13am Jun 30, 2014 6:13am
That is crasy... :/ No possible bigger drop, my poor sells :/
  • #384,342
  • Jun 30, 2014 6:20am Jun 30, 2014 6:20am
Quoting elbert3
{quote} out plus 21 and 9, scalp again still no run down ,??? order still sell 66,, and 20
I had opened shorts at 7038 during Asia and already had shorts around 6980 opened last week.

This morning ( for me ), it turned into profit as a basket, but this quick run up again put the whole basket in negative.

I dunno where this pair is going...
Intraday only.
  • #384,343
  • Jun 30, 2014 6:21am Jun 30, 2014 6:21am
We flirted with the 1.70 level as end of month flows went through and now there’s chatter that they’ll be some buying at the 12 o’clock fix in 5 minutes or so. Cable has run up to 1.7041 in this latest bout. There’s also chatter that we’ll be seeing it bid up as the later London fix approaches at 16.00 (gmt+1) As I mentioned earlier this morning the markets are still doing plenty of end of month/quarter/half business so don’t get sucked in by these moves.
  • #384,344
  • Jun 30, 2014 6:28am Jun 30, 2014 6:28am
Quoting samooh
We flirted with the 1.70 level as end of month flows went through and now there’s chatter that they’ll be some buying at the 12 o’clock fix in 5 minutes or so. Cable has run up to 1.7041 in this latest bout. There’s also chatter that we’ll be seeing it bid up as the later London fix approaches at 16.00 (gmt+1) As I mentioned earlier this morning the markets are still doing plenty of end of month/quarter/half business so don’t get sucked in by these moves.
You should include the source with these copy and paste things.

http://www.forexfactory.com/news.php?do=news&id=492167
Ghost Rider - WWTBMD?
  • #384,345
  • Jun 30, 2014 6:32am Jun 30, 2014 6:32am
Quoting samooh
We flirted with the 1.70 level as end of month flows went through and now there’s chatter that they’ll be some buying at the 12 o’clock fix in 5 minutes or so. Cable has run up to 1.7041 in this latest bout. There’s also chatter that we’ll be seeing it bid up as the later London fix approaches at 16.00 (gmt+1) As I mentioned earlier this morning the markets are still doing plenty of end of month/quarter/half business so don’t get sucked in by these moves.
Thats what i said a while back but there is sizeable option expiry@7050
  • #384,346
  • Jun 30, 2014 6:33am Jun 30, 2014 6:33am
Quoting albchr
{quote} You should include the source with these copy and paste things. http://www.forexfactory.com/news.php?do=news&id=492167
Indeed ...
Fix up, trade sharp ...
  • #384,347
  • Jun 30, 2014 6:34am Jun 30, 2014 6:34am
Taking my first short @ 7045 and will add more shud it rally further, this pair has traded above 1.700 for a while n @ some point soon, it will drop.
  • #384,348
  • Jun 30, 2014 6:34am Jun 30, 2014 6:34am
Shorts at 1.69 should probably exit now. Too much of a chance is given to come down
  • #384,349
  • Jun 30, 2014 6:39am Jun 30, 2014 6:39am
we are 10 pips from yearly high!
  • #384,350
  • Jun 30, 2014 6:44am Jun 30, 2014 6:44am
Quoting kweiss10
we are 10 pips from yearly high!
even if there is a new yearly high there will be a dump before that. I assumed it has rallied 40 pips on rumour that it will be fixed higher.
  • #384,351
  • Jun 30, 2014 6:46am Jun 30, 2014 6:46am
Quoting samooh
{quote} sorry , but shall you explain more? thanks
dollar selling has been seen since thursday as US houses tend to close their month end order books. this will possibly continue today as well. I am assuming bulk of it is done by US houses. UK dealers executing orders for US houses
  • #384,352
  • Jun 30, 2014 6:51am Jun 30, 2014 6:51am
Quoting giveachance
{quote} dollar selling has been seen since thursday as US houses tend to close their month end order books. this will possibly continue today as well. I am assuming bulk of it is done by US houses. UK dealers executing orders for US houses
ok yhanks alot but what are your expectations for gbpusd next month
  • #384,353
  • Jun 30, 2014 6:57am Jun 30, 2014 6:57am
Quoting samooh
{quote} ok yhanks alot but what are your expectations for gbpusd next month

sub 1.68
  • #384,354
  • Jun 30, 2014 7:18am Jun 30, 2014 7:18am
which way will it break...
probably both ways with news...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd #1.png Size: 55 KB
As the lights go by so too do the shadows move
  • #384,355
  • Jun 30, 2014 7:38am Jun 30, 2014 7:38am
changing sell order 778 scalping again
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.png Size: 101 KB
  • #384,356
  • Jun 30, 2014 7:41am Jun 30, 2014 7:41am
Quoting giveachance
{quote} sub 1.68
that is quite a target
  • #384,357
  • Jun 30, 2014 7:49am Jun 30, 2014 7:49am
A break of 1.7060 signals the pair to test 1.7180 (61.8 FE) can it be true?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 33 KB
  • #384,358
  • Jun 30, 2014 8:01am Jun 30, 2014 8:01am
Quoting fx_anil
a break of 1.7060 signals the pair to test 1.7180 (61.8 fe) can it be true? {image}

itis very clear it will do it

  • #384,359
  • Jun 30, 2014 8:07am Jun 30, 2014 8:07am
It has tried both ways, many times.

It is still ranging.

Even if it breaks 7062, the upside is limited.

Remember, it is at yearly, monthly high currently.
Intraday only.
  • #384,360
  • Jun 30, 2014 8:12am Jun 30, 2014 8:12am
Right on schedule.
Ghost Rider - WWTBMD?
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