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Cable Update (GBPUSD)

  • #408,761
  • Feb 17, 2015 3:26am Feb 17, 2015 3:26am
Very difficult to predict where the market will go.
I think the best way is to wait and see where the market heading and jump in.
  • #408,762
  • Feb 17, 2015 3:29am Feb 17, 2015 3:29am
Quoting Idkurv
Very difficult to predict where the market will go. I think the best way is to wait and see where the market heading and jump in.
Reason is sometimes market is irrational.
imagine the whole market is irrational, and you are the only one who is rational.
  • #408,763
  • Feb 17, 2015 3:29am Feb 17, 2015 3:29am
Quoting Idkurv
Very difficult to predict where the market will go. I think the best way is to wait and see where the market heading and jump in.
best way is not to unless you can suffer any long stops ,,gl
  • #408,764
  • Feb 17, 2015 3:33am Feb 17, 2015 3:33am
mixed market sentiments with these figures...advised to wait and see how it impacts the technical readings...
  • #408,765
  • Feb 17, 2015 3:34am Feb 17, 2015 3:34am
Quoting Idkurv
Very difficult to predict where the market will go. I think the best way is to wait and see where the market heading and jump in.

Man, non event... down then up and now ranging again... mostly within expectations except for the PPI RPI etc in red.
  • #408,766
  • Feb 17, 2015 3:36am Feb 17, 2015 3:36am
Quoting MaryAnne
{quote} Man, non event... down then up and now ranging again... mostly within expectations except for the PPI RPI etc in red.
they almost came in red. should it go down? your ideas?
  • #408,767
  • Feb 17, 2015 3:37am Feb 17, 2015 3:37am
Quoting MaryAnne
{quote} Man, non event... down then up and now ranging again... mostly within expectations except for the PPI RPI etc in red.
Ya, non event is right, out of my short +2. Will give it a few hrs and see. Came in as expected, core that is.
Twitter handle @rjtn_fxtrades
  • #408,768
  • Feb 17, 2015 3:40am Feb 17, 2015 3:40am
what the hell is going on? red news and price goes up!!!
  • #408,769
  • Feb 17, 2015 3:42am Feb 17, 2015 3:42am
Quoting danndc
{quote} they almost came in red. should it go down? your ideas?
look at calendar here http://www.investing.com/currencies/gbp-usd as you notice, all red except for Core CPI which is 0.1 better than expected I bet this is why there are dip buyers for cable now...

remember my post earlier BOE is looking at that?

EDIT: Tbh, 1.4% core cpi y/y was expected by some analysts. so... either as expected or better than projections. gbp is being supported due to this tho all the other readings are red. the other readings = lead indicators = will take time to show up bad effects in Core CPI I would think
  • #408,770
  • Feb 17, 2015 3:43am Feb 17, 2015 3:43am
1.54xx coming
  • #408,771
  • Feb 17, 2015 3:47am Feb 17, 2015 3:47am
Quoting MaryAnne
{quote} look at calendar here http://www.investing.com/currencies/gbp-usd as you notice, all red except for Core CPI which is 0.1 better than expected I bet this is why there are dip buyers for cable now... remember my post earlier BOE is looking at that? EDIT: Tbh, 1.4% core cpi y/y was expected by some analysts. so... either as expected or better than projections. gbp is being supported due to this tho all the other readings are red. the other readings = lead indicators = will take time to show up bad effects in Core CPI I would...
cpi m/m down and cpi y/y down that are the most important issues

core cpi has given as low impact
  • #408,772
  • Feb 17, 2015 3:48am Feb 17, 2015 3:48am
positioning the price now , a few mins more the off it might go
  • #408,773
  • Feb 17, 2015 3:48am Feb 17, 2015 3:48am
I'm scared for all those flimsy 1 currency fundi views in time your realise I guess
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #408,774
  • Feb 17, 2015 3:51am Feb 17, 2015 3:51am
Quoting danndc
what the hell is going on? red news and price goes up!!!
Dude, if it were that simple then everyone would be raking it in. Obviously that's not possible. The market is unpredictable. Get used to it. Try and ride the waves if you can see trends, but don't expect your predictions to be any more than a guess.
  • #408,775
  • Feb 17, 2015 3:51am Feb 17, 2015 3:51am
today , tomorrow , this week or next week cable has to go down at least to 1.4910
  • #408,776
  • Feb 17, 2015 3:52am Feb 17, 2015 3:52am
Quoting Bones
I'm scared for all those flimsy 1 currency fundi views in time your realise I guess
  • #408,777
  • Feb 17, 2015 3:52am Feb 17, 2015 3:52am


Quoting danndc
{quote} if 1.52 gives way today then get ready to open the parachute P
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #408,778
  • Feb 17, 2015 3:52am Feb 17, 2015 3:52am
Quoting elbert3
positioning the price now , a few mins more the off it might go
E.. u taking the lift or the stairs..
see u on the roof terrace later
  • #408,779
  • Feb 17, 2015 3:53am Feb 17, 2015 3:53am
Quoting danndc
{quote} cpi m/m down and cpi y/y down that are the most important issues core cpi has given as low impact
thats why it is very misleading to look only at "high impact" when BOE is actually looking at core cpi (wrongly categorized as low impact). a few analysts pointed this out already yesterday.

and not good to only look at headline figures. i been screwed last year trading on claimant count and wage figures... it says high impact and better figures should be good, right? yet GBP would weaken a lot (when I was long)

Why? cos carney and friends gave dovish/pessimistic statement
  • #408,780
  • Feb 17, 2015 3:53am Feb 17, 2015 3:53am
Quoting Bones
I'm scared for all those flimsy 1 currency fundi views in time your realise I guess
s/r for me bones at this time,
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