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Cable Update (GBPUSD)

  • #386,241
  • Jul 10, 2014 1:32am Jul 10, 2014 1:32am
Quoting elbert3
Quoting moneymove
{quote} Afternoon E, looks promising isn't it?[/quote) Trade confirmation On 10-Jul-2014 at 05:50:11 (GMT) You sold 10 GBPUSD @ 1.71546 for value date 14-Jul-2014 Front office position id: 139995969 Account: 5589929 Yes hope so just took the wife to work and i see we broke the 50 ,, my 166 and this is looked in at 51 now paying for the 2 trades so i have one from last night at 52 , so lets see the problem is this 4 hour which the emas crossed and for me that indicates long so we have to turn that around i might take them
...
just pulled the 3 trades for now at 40 i want to see where it goes from here a
  • #386,242
  • Jul 10, 2014 1:32am Jul 10, 2014 1:32am
Quoting TauTrader
Good day - off to bed for me. We will probably be in this area 6 - 8 hrs from now.. Trade well and see tomorrow. Regards {image}

  • #386,243
  • Jul 10, 2014 1:33am Jul 10, 2014 1:33am
Quoting moneymove
Shorts, TP near Daily Pivot, will add at pullback to H4 Pivot {image}
All TPs hit. Will sit tight until BOE Rate
Attached Image
That which does not kill us makes us stronger
  • #386,244
  • Jul 10, 2014 1:33am Jul 10, 2014 1:33am
cable H8
Attached Image (click to enlarge)
Click to Enlarge Name: cable_h8_333.png Size: 262 KB
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #386,245
  • Jul 10, 2014 1:36am Jul 10, 2014 1:36am
You sold 5 GBPUSD @ 1.71500 for value date 11-Jul-2014
You sold 10 GBPUSD @ 1.71546 for value date 14-Jul-2014
You sold 10 GBPUSD @ 1.71660 for value date 14-Jul-2014

sold at 140
​what a lovely start to a day,,,, the early bird catch the worm,,,
  • #386,246
  • Jul 10, 2014 1:37am Jul 10, 2014 1:37am
Question:

1) What happens if the BoE leaves things unchanged

2) What happens if rates are raised?

3) What happens if rates are dropped?

Feedback is really appreciated!
  • #386,247
  • Jul 10, 2014 1:39am Jul 10, 2014 1:39am
Quoting elbert3
You sold 5 GBPUSD @ 1.71500 for value date 11-Jul-2014 You sold 10 GBPUSD @ 1.71546 for value date 14-Jul-2014 You sold 10 GBPUSD @ 1.71660 for value date 14-Jul-2014 sold at 140 ​what a lovely start to a day,,,, the early bird catch the worm,,,
Good job . Guess I closed my shorts too early, but hey.. profit is profit is profit...
That which does not kill us makes us stronger
  • #386,248
  • Jul 10, 2014 1:39am Jul 10, 2014 1:39am
Quoting elbert3
You sold 5 GBPUSD @ 1.71500 for value date 11-Jul-2014 You sold 10 GBPUSD @ 1.71546 for value date 14-Jul-2014 You sold 10 GBPUSD @ 1.71660 for value date 14-Jul-2014 sold at 140 ​what a lovely start to a day,,,, the early bird catch the worm,,,
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.png Size: 104 KB
could of had more but i wait till the cross over again
  • #386,249
  • Jul 10, 2014 1:40am Jul 10, 2014 1:40am
Quoting kweiss10
Question: 1) What happens if the BoE leaves things unchanged 2) What happens if rates are raised? 3) What happens if rates are dropped? Feedback is really appreciated!
irrespective of what BoE does cable will fall. It is pretty heavy at the moment.
  • #386,250
  • Jul 10, 2014 1:42am Jul 10, 2014 1:42am
Quoting kweiss10
Question: 1) What happens if the BoE leaves things unchanged 2) What happens if rates are raised? 3) What happens if rates are dropped? Feedback is really appreciated!
a few hours before the rate decision, it does not go up to challenge the top.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #386,251
  • Jul 10, 2014 1:42am Jul 10, 2014 1:42am
Quoting moneymove
{quote} Good job . Guess I closed my shorts too early, but hey.. profit is profit is profit...
166 was the target for resistance hence the over night sell order which was to the pip, so for me the red over white needs to happen to go short again,,, but tea time now,, i will kick myself if it carry s on ,,but i cannot complain with this morning at all gl,,
  • #386,252
  • Jul 10, 2014 1:43am Jul 10, 2014 1:43am
Quoting kweiss10
Question: 1) What happens if the BoE leaves things unchanged 2) What happens if rates are raised? 3) What happens if rates are dropped? Feedback is really appreciated!

For my point of view:
1. There are 2 ways to leave things unchanged, either dovishly or hawkishly. Dovish will pull this pair down.
2. Obviously going to go up, but not that much as I believe that the expectation was already priced in.
3. It'll definitely fall probably 500% retracement or more. There will be also a probability for Carney to be assassinated when this happens
  • #386,253
  • Jul 10, 2014 1:50am Jul 10, 2014 1:50am
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.png Size: 104 KB
there's the pull back 61 fib line will it go up or was 166 the best short
  • #386,254
  • Jul 10, 2014 1:53am Jul 10, 2014 1:53am
Quoting kweiss10
Question: 1) What happens if the BoE leaves things unchanged 2) What happens if rates are raised? 3) What happens if rates are dropped? Feedback is really appreciated!
3) Considering recent BOE communication to the market: very unlikely

2) GBP/USD will shoot to the moon

1) The most likely outcome today
Hear the music before the song is over ...
  • #386,255
  • Jul 10, 2014 1:53am Jul 10, 2014 1:53am
Quoting elbert3
{image} there's the pull back 61 fib line will it go up or was 166 the best short
I got a short @ 7178 SL 7225 TP 6905 , close 75% of position if TP reached , let the rest reach TP2 6755 .
Get Rich or Die Tryin
  • #386,256
  • Jul 10, 2014 1:59am Jul 10, 2014 1:59am
looks to me like a coin toss.

Back Carney or trade against Yellen
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 26 KB
Come with me if you want to live....
  • #386,257
  • Jul 10, 2014 2:00am Jul 10, 2014 2:00am
Quoting hoom
{quote} I got a short @ 7178 SL 7225 TP 6905 , close 75% of position if TP reached , let the rest reach TP2 6755 .
well lets see around this area the ema for me says long untill any cross but price will have to go lower than that bull candle on the 4 hour posted above ,,gl
  • #386,258
  • Jul 10, 2014 2:01am Jul 10, 2014 2:01am
good day,

4hr has not turned bearish yet - I took profit on the sells. We may still see some pressure north a little later.

Regards
  • #386,259
  • Jul 10, 2014 2:12am Jul 10, 2014 2:12am
Quoting TauTrader
good day, 4hr has not turned bearish yet - I took profit on the sells. We may still see some pressure north a little later. Regards
morning Tau i could of got 20 more pips with big lots on, came out to early because of bullish look to the 4 hour ?
  • #386,260
  • Jul 10, 2014 2:15am Jul 10, 2014 2:15am
Quoting hoom
{quote} I got a short @ 7178 SL 7225 TP 6905 , close 75% of position if TP reached , let the rest reach TP2 6755 .
sorry Hoom i answered your post but i cannot see it strange??? yes as said before well done but just need to see what happens in this 4 hour chart above,, regards E ,,,PS i think the site crashed ??
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