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Cable Update (GBPUSD)

  • #397,621
  • Sep 9, 2014 4:38am Sep 9, 2014 4:38am
Quoting GlobalMacro
{quote} Hi D1, I don't look at them D , I trade them , in fact I trade more options than spot. There was some heavy puts in the market a bit higher than 1.6165. Overall impl. vols rising across the board. Outta here for now
Hi GlobalMacro,
I take it that you read the "tape" to know of those orders? do you find tape reading useful?
Thanks
  • #397,622
  • Sep 9, 2014 4:46am Sep 9, 2014 4:46am
Quoting Orly
{quote} I will enter a long at 1.5964. Fibos, Harmonics...blah, blah, blah.
Good luck Orly. Might be a great place looking at charts, although I see lower even..
This trend has been so strong, i'm leary to jump on just yet, even scaling in from here..as its countertrend.
rgds, M
  • #397,623
  • Sep 9, 2014 4:59am Sep 9, 2014 4:59am
Gidday GBP/US

In a long to 1.62 TP

Short at 1.61 to 1.60

Small ones
  • #397,624
  • Sep 9, 2014 4:59am Sep 9, 2014 4:59am
New two major events for GBP (I see),

  1. 9/17 PST GBP bank rate
  2. 9/18 PST Scottish Independence vote.

Things to watch on Scottish Independence vote,

  1. Rate change would probably put on hold due to this event.
  2. If its a independence "YES", GBP 3-5% GDP gone at once.
  3. Will Scotland continue to pay national debt (as high as 14 bln)?
  4. Halt work on renewable power projects that support GBP14b of investment and 12,000 jobs.
  5. Further more, BOE Governor Carney will speak in Liverpool tomorrow and will testify on Inflation Report the day after.

9 days to go.

If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #397,625
  • Sep 9, 2014 5:02am Sep 9, 2014 5:02am
watch out for reaction near 6150 level

M15
Attached Image (click to enlarge)
Click to Enlarge Name: C222apture.PNG Size: 11 KB
Get Rich or Die Tryin
  • #397,626
  • Sep 9, 2014 5:10am Sep 9, 2014 5:10am
Quoting Ken A
Vely quiet in here .... Where are the big shots ........
Oh I get it. Kind of a challenge pronouncing "r" sounds with that snaggle tooth.

Carry on.
  • #397,627
  • Sep 9, 2014 5:11am Sep 9, 2014 5:11am
Quoting Marcus1
{quote} Hi GlobalMacro, I take it that you read the "tape" to know of those orders? do you find tape reading useful? Thanks
Hi Marcus,

no I just call up the broker or the bank I wanna trade with and put in a request for quote for strikes I'm interested in trading.
I don't think tape reading works in FX , I used to do it when I had to trade Index futures intraday long time ago but you can get the same info on your charts if you know how to read patterns ... easier on the eyes too. Nowadays machines do the tape reading in futures so it's highly competitive and extremely fast.
Hear the music before the song is over ...
  • #397,628
  • Sep 9, 2014 5:28am Sep 9, 2014 5:28am
Quoting GlobalMacro
{quote} Hi Marcus, no I just call up the broker or the bank I wanna trade with and put in a request for quote for strikes I'm interested in trading. I don't think tape reading works in FX , I used to do it when I had to trade Index futures intraday long time ago but you can get the same info on your charts if you know how to read patterns ... easier on the eyes too. Nowadays machines do the tape reading in futures so it's highly competitive and extremely fast.
Thanks GlobalMacro,
Yes I base my trades on patterns as well, usually disregarding some indicators as well. Just wondering if anybody still found the ticker tape useful.
All the best with your trading!
  • #397,629
  • Sep 9, 2014 5:31am Sep 9, 2014 5:31am
Quoting sam30
Plan for Carney Action: Place pending Buy Order @ 16105 and 16125 TP 16190-16225 No SL yet. IF fall will buy again @ 16010 -15990 area. might be tricky one..move down first then up up faster. Expected 100 pips move both up or down.

Candle formation @ hourly : Ready to go long...the rest depend on Carney speaks.

prepare for unexpected as well since major trend is down.
While knowledge speak up, the wisdom listen down
  • #397,630
  • Sep 9, 2014 5:35am Sep 9, 2014 5:35am
I remember the good ol' days about 1000 pips ago where speculations of reaching 1.80 was looming. now its all about finding the bottom to this thing.
  • #397,631
  • Sep 9, 2014 5:36am Sep 9, 2014 5:36am
Quoting FXSayWhat
New two major events for GBP (I see), 9/17 PST GBP bank rate 9/18 PST Scottish Independence vote. Things to watch on Scottish Independence vote, Rate change would probably put on hold due to this event. If its a independence "YES", GBP 3-5% GDP gone at once. Will Scotland continue to pay national debt (as high as 14 bln)? Halt work on renewable power projects that support GBP14b of investment and 12,000 jobs. Further more, BOE Governor Carney will speak in Liverpool tomorrow and will testify on Inflation Report the day after. 9 days to go.
Not been on here for ages. Thought some of you may be interested in this info to enlighten yourselves as to the background to the Scottish Independence debate.

http://www.weebluebook.info/
The dream will never die
  • #397,632
  • Sep 9, 2014 5:40am Sep 9, 2014 5:40am
Quoting elbert3
{image} any body buy the cad ,,gap closed
billy , do you trade Demo or it's just Demo account for charting nd stuff .
just asking coz demo trading tastes like a candy , real is bitter and your strategy is confusing referring to your entries and exits .
thinking out loud for sure .
Get Rich or Die Tryin
  • #397,633
  • Sep 9, 2014 5:41am Sep 9, 2014 5:41am
Quoting Marcus1
{quote} Thanks GlobalMacro, Yes I base my trades on patterns as well, usually disregarding some indicators as well. Just wondering if anybody still found the ticker tape useful. All the best with your trading!
Thanks Marcus. You too.
Hear the music before the song is over ...
  • #397,634
  • Sep 9, 2014 5:44am Sep 9, 2014 5:44am
Quoting Brotyboy
{quote} Not been on here for ages. Thought some of you may be interested in this info to enlighten yourselves as to the background to the Scottish Independence debate. http://www.weebluebook.info/
Wow thanks for the link, buddy. It's gonna be my next coffee shop read.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #397,635
  • Sep 9, 2014 5:44am Sep 9, 2014 5:44am
Quoting kweiss10
I remember the good ol' days about 1000 pips ago where speculations of reaching 1.80 was looming. now its all about finding the bottom to this thing.
Yes! I hear you.. from 14 July ..
Its important to change bias as soon as possible when PA changes..
  • #397,636
  • Sep 9, 2014 5:47am Sep 9, 2014 5:47am
BOE's Carney :Rate rise by Spring 2015 consistent with goal
Get Rich or Die Tryin
  • #397,637
  • Sep 9, 2014 5:47am Sep 9, 2014 5:47am
Quoting kweiss10
I remember the good ol' days about 1000 pips ago where speculations of reaching 1.80 was looming. now its all about finding the bottom to this thing.
you might of said some truth in that sentence ??? regards E
  • #397,638
  • Sep 9, 2014 5:49am Sep 9, 2014 5:49am
Quoting hoom
boe's carney :rate rise by spring 2015 consistent with goal
stopped on that pivot area need to take that out now .... E
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magnet lines ???
  • #397,639
  • Sep 9, 2014 5:49am Sep 9, 2014 5:49am
Quoting hoom
BOE's Carney :Rate rise by Spring 2015 consistent with goal
so its good or bad
  • #397,640
  • Sep 9, 2014 5:51am Sep 9, 2014 5:51am
Quoting DifferTrader
{quote} so its good or bad
I think that up pound value...
Try don't lose pants never...
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