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Cable Update (GBPUSD)

  • #404,801
  • Nov 6, 2014 3:53am Nov 6, 2014 3:53am
Can anyone explain how come the Manufacturing Production m/m result was good for GBP and is deemed as high impact, yet GBP has done the opposite of what is expected by depreciating?
  • #404,802
  • Nov 6, 2014 4:04am Nov 6, 2014 4:04am
[quote=elbert3;7848747]{quote} looks like some one factored in the news move already ??? We now will have to wait for the turbo lag ...lol ????[/quote yesterdays post,,, yes we could be leaking ????
  • #404,803
  • Nov 6, 2014 4:10am Nov 6, 2014 4:10am
Quoting Steve J
Can anyone explain how come the Manufacturing Production m/m result was good for GBP and is deemed as high impact, yet GBP has done the opposite of what is expected by depreciating?
MAJOR traders might have other plans - could be waiting for their brothers in NYC to trade together on the news out of usa later on today .. kinda like yesterday they agreed to hold their horses and get it on together .. after all sharing is all about caring right
  • #404,804
  • Nov 6, 2014 4:20am Nov 6, 2014 4:20am
Quoting Steve J
Can anyone explain how come the Manufacturing Production m/m result was good for GBP and is deemed as high impact, yet GBP has done the opposite of what is expected by depreciating?
Buy rumor sell the fact, ....maybe some important news already leaks.....
  • #404,805
  • Nov 6, 2014 4:40am Nov 6, 2014 4:40am
Thanks guys for the responses. I understand the possibilities but the problem is I'm not privvy to what the major traders are clandestinely discussing. So I'm basically lost at sea. The phrase fundamental news has to be qualified. They should call it occasionally fundamental news because sometimes it has the expected effect and sometimes it doesn't.
Man, we're really up against it here but I just want to earn an honest buck!
  • #404,806
  • Nov 6, 2014 4:44am Nov 6, 2014 4:44am
Quoting Steve J
Thanks guys for the responses. I understand the possibilities but the problem is I'm not privvy to what the major traders are clandestinely discussing. So I'm basically lost at sea. The phrase fundamental news has to be qualified. They should call it occasionally fundamental news because sometimes it has the expected effect and sometimes it doesn't. Man, we're really up against it here but I just want to earn an honest buck!
life is a game, but not persist,
just play their game and adapt, sometimes being right not always win.
  • #404,807
  • Nov 6, 2014 4:51am Nov 6, 2014 4:51am
Quoting Steve J
Thanks guys for the responses. I understand the possibilities but the problem is I'm not privvy to what the major traders are clandestinely discussing. So I'm basically lost at sea. The phrase fundamental news has to be qualified. They should call it occasionally fundamental news because sometimes it has the expected effect and sometimes it doesn't. Man, we're really up against it here but I just want to earn an honest buck!
Well yes every traders dream hey .. its just finding what works for you which takes time .. i trade on a two hour and four hour chart with a one hour for guidance ..
everyones different but in time u get to see the repeat motions of this pair, as for the most part they buy back what they sell and sell back what they buy - depends how u view the pair..
  • #404,808
  • Nov 6, 2014 4:54am Nov 6, 2014 4:54am
Quoting giveachance
sell 5990. looking for 5850 today
cashing in some. 1.5943 is trendline support. if that goes I have 5906 next
  • #404,809
  • Nov 6, 2014 4:56am Nov 6, 2014 4:56am
sold some more 5947
  • #404,810
  • Nov 6, 2014 5:00am Nov 6, 2014 5:00am
Quoting giveachance
sold some more 5947
went long 1.5943 with tight SL
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #404,811
  • Nov 6, 2014 5:03am Nov 6, 2014 5:03am
GBP will be take profit. TP on the lower Bolingar band Daily and lower BB Weekly. Already 30 pips.
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  • #404,812
  • Nov 6, 2014 5:30am Nov 6, 2014 5:30am
Quoting giveachance
sold some more 5947
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Hi GC i took this breakout of emas at 71 missed a bit higher and i am hoping that this 4 hour is resistance off that tl that you can see ,,,still in the blue band area and would now like to see it break lower
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back on 5 min watch for bounce or break ,
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,,gl E
  • #404,813
  • Nov 6, 2014 5:53am Nov 6, 2014 5:53am
Quoting elbert3
{quote} {image}Hi GC i took this breakout of emas at 71 missed a bit higher and i am hoping that this 4 hour is resistance off that tl that you can see ,,,still in the blue band area and would now like to see it break lower {image} back on 5 min watch for bounce or break ,{image} ,,gl E
chances are of a dovish statement and that will break trendline support 5943
  • #404,814
  • Nov 6, 2014 6:06am Nov 6, 2014 6:06am
As expected, Bank of England left its monetary policy unchanged and the GBPUSD testing horizontal support near 1.5940, breaking which 1.5910 and 1.5880 becomes important for the pair. On the upside, 1.5970, 1.6000 and 1.6025-30 are important resistances for the pair.
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  • #404,815
  • Nov 6, 2014 6:12am Nov 6, 2014 6:12am
come back 15900
  • #404,816
  • Nov 6, 2014 6:35am Nov 6, 2014 6:35am
Quoting giveachance
{quote} chances are of a dovish statement and that will break trendline support 5943
break 34 then 18 , 61%
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  • #404,817
  • Nov 6, 2014 6:41am Nov 6, 2014 6:41am

  1. EURGBP 0.7850 (EUR 675m) 0.7900 (EUR 575m)


This expiry keeping GBP low? Most higher value expiry seem to boost prices above spot rate. By rights GBP should have been nearer to 1.60 (option expiry) but due to this, its now in the middle between 1.58 and 1.60 option expiries

  • #404,818
  • Nov 6, 2014 7:05am Nov 6, 2014 7:05am
GBP Take position before NY open market . Due to if look at monthly is strong trend down. Already 18 pips.
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  • #404,819
  • Nov 6, 2014 7:22am Nov 6, 2014 7:22am
waiting for the spike on ecb to sell.
  • #404,820
  • Nov 6, 2014 7:26am Nov 6, 2014 7:26am
Quoting giveachance
waiting for the spike on ecb to sell.
will wait for 15 more mins to see if 5943 gets taken out else I am a seller.
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