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Cable Update (GBPUSD)

  • #407,561
  • Jan 30, 2015 2:20pm Jan 30, 2015 2:20pm
Quoting braintheboss
{quote} It's time for reload short power with a pullback. Dollar is downing too ( W1 very interesting candle )... All movements have a reason.
i hope it will go down, morgan stanley settled a target at 1.38

http://www.efxnews.com/story/27755/g...morgan-stanley
  • #407,562
  • Jan 30, 2015 2:32pm Jan 30, 2015 2:32pm
Quoting danndc
{quote} i hope it will go down, morgan stanley settled a target at 1.38
If you see MN1 chart, pound have room for down very much. If you add people comments about euro parity, it's possible pound around 1.40 or less. But i think will happen same when pound was at 1.72. When people think price fall without floor, trend will change and many traders will blow accounts AGAIN
Try don't lose pants never...
  • #407,563
  • Jan 30, 2015 2:44pm Jan 30, 2015 2:44pm
Quoting braintheboss
{quote} If you see MN1 chart, pound have room for down very much. If you add people comments about euro parity, it's possible pound around 1.40 or less. But i think will happen same when pound was at 1.72. When people think price fall without floor, trend will change and many traders will blow accounts AGAIN
i don't think it will happen this time, cause uk had too much correlation with EU and euro is going to face big problems. i live in italy and we are not living a nice situation
  • #407,564
  • Jan 30, 2015 2:59pm Jan 30, 2015 2:59pm
Quoting danndc
{quote} i don't think it will happen this time, cause uk had too much correlation with EU and euro is going to face big problems. i live in italy and we are not living a nice situation
I'm spaniard and i know that "nice" situation too
Try don't lose pants never...
  • #407,565
  • Jan 30, 2015 4:36pm Jan 30, 2015 4:36pm
Attached Image
  • #407,566
  • Jan 30, 2015 4:41pm Jan 30, 2015 4:41pm
Quoting roger44
{image}
So ?
  • #407,567
  • Jan 30, 2015 4:46pm Jan 30, 2015 4:46pm
Quoting Petr.K
{quote} So ?
From calendar, on Monday, all USA data are expected lower,
except USD Construction Spending (MoM) (DEC) and USD ISM Prices Paid.
  • #407,568
  • Jan 30, 2015 4:55pm Jan 30, 2015 4:55pm
We have a big gap near ( around 1.53 ). Maybe will be close and after continue fall to 1.4820.
Try don't lose pants never...
  • #407,569
  • Jan 30, 2015 5:18pm Jan 30, 2015 5:18pm
Cable has been scalpers heaven the past few weeks...stable between 1.5 and 1.52...I have this weird feeling that once it breaks above or below, many people will get burned by adding to a losing trade while hoping for another return to this range...but it may not return.

Quoting braintheboss
We have a big gap near ( around 1.53 ). Maybe will be close and after continue fall to 1.4820.
The sooner you start ignoring gaps, the better for your trading. Because where would it stop? Gaps on weekly? Daily? Hourly? 5 minutes? 1 minute? Nobody cares about gaps other than retailers.
Everyone can see the chart, but only a few can actually read it.
  • #407,570
  • Jan 30, 2015 5:32pm Jan 30, 2015 5:32pm
Quoting OnlineAddict
Cable has been scalpers heaven the past few weeks...stable between 1.5 and 1.52...I have this weird feeling that once it breaks above or below, many people will get burned by adding to a losing trade while hoping for another return to this range...but it may not return. {quote} The sooner you start ignoring gaps, the better for your trading. Because where would it stop? Gaps on weekly? Daily? Hourly? 5 minutes? 1 minute? Nobody cares about gaps other than retailers.
I think they are underestimated, since they get filled 80 % of the times ...
Fix up, trade sharp ...
  • #407,571
  • Jan 30, 2015 5:44pm Jan 30, 2015 5:44pm
Quoting Hickson
{quote} I think they are underestimated, since they get filled 80 % of the times ...
But which ones are filled 80% of the times? What timeframes? But even if so...the other 20% times are account killers. On smaller time frames, there are gaps 1000-2000 pips away.
Everyone can see the chart, but only a few can actually read it.
  • #407,572
  • Jan 30, 2015 5:45pm Jan 30, 2015 5:45pm
Quoting OnlineAddict
{quote} But which ones are filled 80% of the times? What timeframes? But even if so...the other 20% times are account killers. On smaller time frames, there are gaps 1000-2000 pips away.
It depends ... if you want to be right by all means and you are sure that it is going to be filled, I agree. But there is this thing called SL and MM
Fix up, trade sharp ...
  • #407,573
  • Jan 30, 2015 5:51pm Jan 30, 2015 5:51pm
Quoting Hickson
{quote} It depends ... if you want to be right by all means and you are sure that it is going to be filled, I agree. But there is this thing called SL and MM
I am not sure any gap is going to be filled, I never said that...I wouldn't trade gaps, its too risky for me and the reason "It should get filled" is simply not good enough for me, when it comes to real money.
Everyone can see the chart, but only a few can actually read it.
  • #407,574
  • Jan 30, 2015 11:06pm Jan 30, 2015 11:06pm
Quoting danndc
why this bounce from 1.50 without any explanation?
1. Why do you need an explanation?
2. If you want an explanation, there will always be one, but the question is then be how do you trade it?
  • #407,575
  • Jan 30, 2015 11:08pm Jan 30, 2015 11:08pm
Quoting OnlineAddict
Cable has been scalpers heaven the past few weeks...stable between 1.5 and 1.52...I have this weird feeling that once it breaks above or below, many people will get burned by adding to a losing trade while hoping for another return to this range...but it may not return. {quote} The sooner you start ignoring gaps, the better for your trading. Because where would it stop? Gaps on weekly? Daily? Hourly? 5 minutes? 1 minute? Nobody cares about gaps other than retailers.
Gap is sometimes broke-dependent, I use Gain and Oanda, and sometimes their pricing is inconsistent, with one showing a gap and the other showing continuity.
  • #407,576
  • Jan 30, 2015 11:20pm Jan 30, 2015 11:20pm
EURGBP contained by the channel, possibly a bear flag formed by the month-end flow.

GBPUSD still watching the upside, not to say it is likely to go up, but just feel that even if there is a June hike the banks should shake up the positions at least once as one way runaway market is no good for dealers profitability. Also we are still sitting on that 2013 low, the longer it waits, the more likely it will bounce, a bounce on a monthly would be greater than 100-200 pips for sure.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBPFXFH4.png Size: 41 KB
Click to Enlarge Name: GBPUSDFXFDaily.png Size: 52 KB
  • #407,577
  • Jan 31, 2015 1:32am Jan 31, 2015 1:32am
i think it is going to fall just like Kiwi did.

BOE more dovish and FED pushed to hike. we will see NFP on friday and BOE rate this week

i am full of hope
  • #407,578
  • Jan 31, 2015 2:45am Jan 31, 2015 2:45am
gbp jpy ,whilst monthly is bearish I'm wondering if thats pull back ,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: JPY (DFB).png Size: 20 KB
Click to Enlarge Name: JPY w1 (DFB).png Size: 23 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #407,579
  • Jan 31, 2015 3:25am Jan 31, 2015 3:25am
Good morning all

I'm sure I'm oversimplifying things here but, in the big picture, my only question is will 4800 hold. .... if not, will 4200?

(obviously not an intraday view)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDecnWeekly.png Size: 55 KB
Ghost Rider - WWTBMD?
  • #407,580
  • Jan 31, 2015 3:59am Jan 31, 2015 3:59am
Quoting albchr
Good morning all I'm sure I'm oversimplifying things here but, in the big picture, my only question is will 4800 hold. .... if not, will 4200? (obviously not an intraday view) {image}
A multi-year giant bear flag finally break to the downside? Likely
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