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Cable Update (GBPUSD)

  • #399,661
  • Sep 23, 2014 4:12am Sep 23, 2014 4:12am
Quoting Steve J
If the terrain and the map disagree, follow the terrain. No wonder some of you do not trade the news and instead scrutinise the PA. Around 30 minutes before GBP news (BBA Mortgage Approvals and Public Sector Net Borrowing) GBP/USD began to depreciate with alacrity. It dropped some 700 pips to around 1.63015 The news now arrived and lo and behold it was bad news for Cable. However the depreciation of GBP had already occurred just BEFORE the news. This suggests that there is leakage of the news before the official announcement which gives a terribly...
Moral of the story - don't try to trade the news lol.
  • #399,662
  • Sep 23, 2014 4:18am Sep 23, 2014 4:18am
Quoting chazzle
long the retest of this oblique - see if we can spring board off it GU M15 {image}
took +8 - trying to stay mindful of the dark cloud cover on daily

GU M15 D1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gum15.PNG Size: 45 KB
Click to Enlarge Name: gud1.PNG Size: 26 KB
  • #399,663
  • Sep 23, 2014 4:26am Sep 23, 2014 4:26am
Quoting chazzle
{quote} took +8 - trying to stay mindful of the dark cloud cover on daily GU M15 D1 {image} {image}
could get caught , out here ?? chaz ..gl E
  • #399,664
  • Sep 23, 2014 4:32am Sep 23, 2014 4:32am
Quoting elbert3
{quote} could get caught , out here ?? chaz ..gl E
we are at the mid of the real body of the dark cloud cover - my appetite for longs is not so strong up here - will wait for the market to show the next hand

GU D1
Attached Image (click to enlarge)
Click to Enlarge Name: gud1.PNG Size: 23 KB
  • #399,665
  • Sep 23, 2014 4:40am Sep 23, 2014 4:40am
Guys keep in mind that eur and gbp are often correlated and overall eurozone news concern gbp as well.
with good eurozone news and a euro climbing against USD, you'll see gbp climbing against USD as well. Even with not good gbp news... But of course it'll affect other gbp pairs with significant selling of gbp as you can see right now
  • #399,666
  • Sep 23, 2014 4:41am Sep 23, 2014 4:41am
up up up 1.66
  • #399,667
  • Sep 23, 2014 4:42am Sep 23, 2014 4:42am
yes i know, and look up to him, thats how his wealth is built.

i tried last month to hold for weeks, the result is okay, but my heart feels so unsettled, wanna get back to close it right away for profit, hahah not seeing anything in the bigger frame, at this newbie stage.
and with shallow pocket, i will stick to be a day trader for the moment.

Quoting stewrigh
{quote} HDA is a position trader Wendy and I think he's got pretty deep pockets so he can afford to be patient. LOL Be nice if he posted a chart sometimes to validate his calls and why he makes them - GBPCAD is pretty obvious tho.
  • #399,668
  • Sep 23, 2014 4:42am Sep 23, 2014 4:42am
Quoting DifferTrader
gu preparing for the news spike be ready
spike done
  • #399,669
  • Sep 23, 2014 4:44am Sep 23, 2014 4:44am
UCAD M15 D1

anyone else looking at UCAD? - poss. a good long entry here on this pullback ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UCADM15.PNG Size: 33 KB
Click to Enlarge Name: UCADD1.PNG Size: 41 KB
  • #399,670
  • Sep 23, 2014 4:46am Sep 23, 2014 4:46am
Quoting DifferTrader
{quote} spike done
get much?
  • #399,671
  • Sep 23, 2014 4:49am Sep 23, 2014 4:49am
Quoting chazzle
ucad m15 d1 anyone else looking at ucad? - poss. A good long entry here on this pullback ... {image} {image}
sucked in a lot on the 4 hour ready to sell on the 5 min at the first sign 405 is res.
  • #399,672
  • Sep 23, 2014 4:50am Sep 23, 2014 4:50am
Quoting chazzle
UCAD M15 D1 anyone else looking at UCAD? - poss. a good long entry here on this pullback ... {image} {image}
You might wanna wait til after news Chaz lol.
  • #399,673
  • Sep 23, 2014 4:53am Sep 23, 2014 4:53am
Not to forget tuesday is often a huge buying day for pound.
  • #399,674
  • Sep 23, 2014 4:54am Sep 23, 2014 4:54am
I am ready to sell GU ..........
  • #399,675
  • Sep 23, 2014 4:55am Sep 23, 2014 4:55am
Quoting OnlineAddict
{quote} {quote} PA just broke the channel and got 6310, no assumption...just trading THE FACTS.
Yeah, me too
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 30 KB
Click to Enlarge Name: GBPUSDWeekly.png Size: 37 KB
Come with me if you want to live....
  • #399,676
  • Sep 23, 2014 4:58am Sep 23, 2014 4:58am
Quoting stewrigh
{quote} You might wanna wait til after news Chaz lol.
I don't mind so much holding a trade through news if it's a good set-up
  • #399,677
  • Sep 23, 2014 5:02am Sep 23, 2014 5:02am
Quoting chazzle
{quote} I don't mind so much holding a trade through news if it's a good set-up
Fair nuff - For me iUC is just range bound so not interested anyway.
  • #399,678
  • Sep 23, 2014 5:03am Sep 23, 2014 5:03am
Quoting elbert3
{quote} sucked in a lot on the 4 hour ready to sell on the 5 min at the first sign 405 is res.
1.1040.5? current price 1.0990
  • #399,679
  • Sep 23, 2014 5:03am Sep 23, 2014 5:03am
Quoting cobracoder
I am ready to sell GU ..........
Same here! It's in a light ichmoku cloud, still going up.
  • #399,680
  • Sep 23, 2014 5:06am Sep 23, 2014 5:06am
Quoting stewrigh
{quote} Fair nuff - For me iUC is just range bound so not interested anyway.
well, depends on your style I suppose - decent range yesterday at 120 pips - so could continue to be lively
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