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Cable Update (GBPUSD)

  • #393,801
  • Edited 7:08pm Aug 17, 2014 6:45pm | Edited 7:08pm
Quoting spinozagr
{quote} What's the moral of the story? Before you press the button, the fate has already known... In fact You have the gap...two days in that case
No the moral of the story is don't hold large positions over the weekend. What if I would have been short? What if it gapped down 200 pips and jumped my stop?

Holding large positions over the weekend in this over leveraged, QE infinity environment is just asking for a weekend black swan event to kick you in the nuts. Laugh all you want. Holding and hoping is not my game. I am safely out of the market every weekend.

Cheers
  • #393,802
  • Aug 17, 2014 8:59pm Aug 17, 2014 8:59pm
in -the times, London- this morning ===== gap fuel ======
http://www.thesundaytimes.co.uk/sto/...O_1088711k.jpgMark Carney: economy and banking system are ‘much more than halfway towards that finish line’ (Tom Stockill)
INTEREST RATES may have to go up before households enjoy a rise in living standards, the governor of the Bank of England has warned.
Mark Carney, speaking exclusively to The Sunday Times, said he would not wait for real wages to turn positive before lifting Bank rate from its record low of 0.5%.
There has never been a statue erected in honor of a critic
  • #393,803
  • Aug 17, 2014 10:11pm Aug 17, 2014 10:11pm
V short term target still at 1.6761…….. but think we are starting a bigger move up now.

Ultimate target = 1.7130.
  • #393,804
  • Aug 17, 2014 10:34pm Aug 17, 2014 10:34pm
Quoting GlobalMacro
{quote} I wanna see 1.6870 then 1.6890 retested. You in any trade ?
Sorry. Just noticed your question. No, I wasn't. But, I was ultimately bearish on GBP with subseq trades. I'm no longer strictly bearish on GBP, and see GBP/AUD as possible buy in upcoming days.
  • #393,805
  • Aug 17, 2014 10:56pm Aug 17, 2014 10:56pm
Quoting pip.monkey
in -the times, London- this morning ===== gap fuel ====== {image}Mark Carney: economy and banking system are ‘much more than halfway towards that finish line’ (Tom Stockill) INTEREST RATES may have to go up before households enjoy a rise in living standards, the governor of the Bank of England has warned. Mark Carney, speaking exclusively to The Sunday Times, said he would not wait for real wages to turn positive before lifting Bank rate from its record low of 0.5%.
If....
Interest rate truly go up.. Should be good for rebound on this bearish situation.. before it go down again .. Can't wait..
GTS V8 Return This Month: na
  • #393,806
  • Aug 17, 2014 11:06pm Aug 17, 2014 11:06pm
Quoting rizkinovri
{quote} If.... Interest rate truly go up.. Should be good for rebound on this bearish situation.. before it go down again .. Can't wait..
unless the euro unravels do to no central bond market (oh yes it will)- then much capital flight to Britain
There has never been a statue erected in honor of a critic
  • #393,807
  • Aug 18, 2014 12:27am Aug 18, 2014 12:27am
breaking up
Attached Image (click to enlarge)
Click to Enlarge Name: highs.png Size: 49 KB
There has never been a statue erected in honor of a critic
  • #393,808
  • Aug 18, 2014 12:36am Aug 18, 2014 12:36am
Gidday GBP/US

Been watching CNBC


Thinking 1.70 not likely

with the Scotland an possible rate hike etc

They need to work through that first.

I just like watching the hot chicks on that show
  • #393,809
  • Aug 18, 2014 1:11am Aug 18, 2014 1:11am
I love gaps, especially when I'm on the right side of it
  • #393,810
  • Aug 18, 2014 1:51am Aug 18, 2014 1:51am
Quoting Didgeridoo
{quote} Sorry. Just noticed your question. No, I wasn't. But, I was ultimately bearish on GBP with subseq trades. I'm no longer strictly bearish on GBP, and see GBP/AUD as possible buy in upcoming days.

Wow..that's from 2 weeks ago. It's like cold coffee in forex. LOL
Anyway , I sold short 1.6827 Wednesday and took profit @ 1.6787 a day later.

Check it out here:
http://www.forexfactory.com/showthre...23#post7675123
Hear the music before the song is over ...
  • #393,811
  • Aug 18, 2014 2:34am Aug 18, 2014 2:34am
morning ,,short order opened 6733 target any where below this lol...back soon E
  • #393,812
  • Aug 18, 2014 2:41am Aug 18, 2014 2:41am
Quoting nAVIN2007
{quote} JUST GOES TO SHOW YA i do think its a case of that now thou.wormies too quick!!
I'm coming to getcha nAV
Come with me if you want to live....
  • #393,813
  • Aug 18, 2014 2:54am Aug 18, 2014 2:54am
Quoting elbert3
morning ,,short order opened 6733 target any where below this lol...back soon E
LOL.
You must be green right now, because it's lower
  • #393,814
  • Aug 18, 2014 3:05am Aug 18, 2014 3:05am
Quoting kweiss10
I love gaps, especially when I'm on the right side of it
The boot can be on the other foot if the gap goes against you. Safer to close trades on Friday night and have a relaxing weekend.
  • #393,815
  • Aug 18, 2014 3:08am Aug 18, 2014 3:08am
Quoting GlobalMacro
{quote} If this is a pull back then I'm expecting the descending wedge in the chart I posted to be tested , but only a pullback if anything at this point.
Here we are. Price pulled back up and retested the descending wedge.

It's going to be interesting from here on...

Attached Image
Hear the music before the song is over ...
  • #393,816
  • Aug 18, 2014 3:11am Aug 18, 2014 3:11am
Pair seems ready to give up max gain
Let's see what 6705 got to protect the stubborn bear
You cannot learn better without losing
  • #393,817
  • Aug 18, 2014 3:26am Aug 18, 2014 3:26am
more like she wanna break to the upside, good luck guys
  • #393,818
  • Aug 18, 2014 3:36am Aug 18, 2014 3:36am
Quoting PoundTrader
more like she wanna break to the upside, good luck guys
Hmm, I am not sure Sir, 1.6748 will be strong resistance, but it is possible touch 1.6772 let see,....
I am not sure the price will be Above that level in the near future
  • #393,819
  • Aug 18, 2014 4:19am Aug 18, 2014 4:19am
Quoting PoundTrader
more like she wanna break to the upside, good luck guys
I won't trust any move before filling the gap!
  • #393,820
  • Aug 18, 2014 4:45am Aug 18, 2014 4:45am
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