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Cable Update (GBPUSD)

  • #384,881
  • Jul 2, 2014 4:13am Jul 2, 2014 4:13am
Quoting GlobalMacro
Guys, Anyone else experienced a spike above 1.7200 on their platforms after numbers ? Put your hands up pls.
Mine 1.7176
  • #384,882
  • Jul 2, 2014 4:16am Jul 2, 2014 4:16am
Murraymath chart 4hr and 1 hr.
Both say the same :

Extremely overbought.

5/8 is pivot.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 45 KB
Click to Enlarge Name: gbpusdh1.png Size: 43 KB
Intraday only.
  • #384,883
  • Jul 2, 2014 4:16am Jul 2, 2014 4:16am
Quoting liberty458
{quote} My High 1.7176.......
Mine 1.7202

Actually it went something like this:

before numbers: 1.7150 or so

After :

1.7172

1.7202 Boom! that's ONE tick!

then back to

1.7171

and settled around here for a while.
Hear the music before the song is over ...
  • #384,884
  • Jul 2, 2014 4:19am Jul 2, 2014 4:19am
NFP/ECB gonna be really wild, should short gu here but ehh I'm over it. this pair is too bullish and I'm a wuss
  • #384,885
  • Jul 2, 2014 4:19am Jul 2, 2014 4:19am
Quoting GlobalMacro
Guys, Anyone else experienced a spike above 1.7200 on their platforms after numbers ? Put your hands up pls.
1.71761
Ghost Rider - WWTBMD?
  • #384,886
  • Jul 2, 2014 4:20am Jul 2, 2014 4:20am
Quoting albchr
{quote} 1.71761
Mine with you.
Intraday only.
  • #384,887
  • Jul 2, 2014 4:21am Jul 2, 2014 4:21am
Quoting GlobalMacro
Guys, Anyone else experienced a spike above 1.7200 on their platforms after numbers ? Put your hands up pls.
Wrong tick?
  • #384,888
  • Jul 2, 2014 4:22am Jul 2, 2014 4:22am
Quoting GlobalMacro
{quote} Mine 1.7202 Actually it went something like this: before numbers: 1.7150 or so After : 1.7172 1.7202 Boom! that's ONE tick! then back to 1.7171 and settled around here for a while.
MM Having fun.....not good....
  • #384,889
  • Jul 2, 2014 4:22am Jul 2, 2014 4:22am
Quoting GlobalMacro
Guys, Anyone else experienced a spike above 1.7200 on their platforms after numbers ? Put your hands up pls.
Reuters & other capped at 1.71795

broker burp your end GM?
  • #384,890
  • Jul 2, 2014 4:24am Jul 2, 2014 4:24am
Quoting Ck87
{quote} man you been short forever, gbp wrecking havoc on your life .. hope your position isn't too big
I know thank god i dont get emotional over trading..somehow i have deattached from the number fluctations on the trading platform with real money..but this move is crazy..looking back at the chart thou, id still have sold where i did..

this move was a trap which i suspect many got caught
I just wish i wasnt to agressive and working full time, perhaps i wont have been in this mess
  • #384,891
  • Jul 2, 2014 4:26am Jul 2, 2014 4:26am
Quoting GlobalMacro
{quote} Mine 1.7202 Actually it went something like this: before numbers: 1.7150 or so After : 1.7172 1.7202 Boom! that's ONE tick! then back to 1.7171 and settled around here for a while.
hi GM,

mine 1,71795.
fortis fortuna adiuvat
  • #384,892
  • Jul 2, 2014 4:32am Jul 2, 2014 4:32am
In my opinion,i think that maximum retail investor who had short GBP before last week(below 1.70) , would have booked their losses. Either their stop loss triggered or account wiped off. Even those who sold above 1.70 are going to cover when they shall get their purchase price and exit without profit. This always happen at high point. Bulls shall not allow the bears to make profit. And finally when downside begins ,there are no bears left. Even those left wounded turn themselves into bulls and again are going to get hurt. So, its always the retail investor who losses money.
  • #384,893
  • Jul 2, 2014 4:32am Jul 2, 2014 4:32am
Wonder if we'll see 6850 by close tomorrow! 🙌
Where price is now, it has been before, and will be again.
  • #384,894
  • Jul 2, 2014 4:33am Jul 2, 2014 4:33am
Quoting liberty458
{quote} My High 1.7176.......
my high 1.71757..
  • #384,895
  • Jul 2, 2014 4:34am Jul 2, 2014 4:34am
Hovering around yesterday's High!!!
  • #384,896
  • Jul 2, 2014 4:35am Jul 2, 2014 4:35am
Quoting Jenx
Wonder if we'll see 6850 by close tomorrow! 🙌
May be in sweet dreams lol
  • #384,897
  • Jul 2, 2014 4:35am Jul 2, 2014 4:35am
rising edge over.. selling started.. this good time to sell now. safe to sell...this pair we can see 1.69760 by next week end.. hope we will get very good nonform payroll result too..happy trading
  • #384,898
  • Jul 2, 2014 4:36am Jul 2, 2014 4:36am
Quoting Jenx
Wonder if we'll see 6850 by close tomorrow! ��
this will happened in dreams
  • #384,899
  • Jul 2, 2014 4:39am Jul 2, 2014 4:39am
72% short on this pair
  • #384,900
  • Jul 2, 2014 4:40am Jul 2, 2014 4:40am
Quoting Dr.Zain
{quote} Wrong tick?
Quoting JimmyC
{quote} Reuters & other capped at 1.71795 broker burp your end GM?
Quoting albchr
{quote} 1.71761
Quoting liberty458
{quote} MM Having fun.....not good....
Quoting deltaone
{quote} hi GM, mine 1,71795.
Platform's an ECN, so No broker/MM here.

OK...This is what happened though:

upon figures all offers were lifted......No sellers, absolutely none ATM.

So my midprice showed 7202.

All correct....
My position flat anyway but still interesting.
Hear the music before the song is over ...
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