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Cable Update (GBPUSD)

  • #411,381
  • Mar 12, 2015 8:38am Mar 12, 2015 8:38am
Quoting Ill-b-back
{quote} lol, that's hilarious hence my shout Billy
who loves yer baby come on gb,,,,the crowd go wild,, 078 eur trust me my mothers a policeman
  • #411,382
  • Mar 12, 2015 8:46am Mar 12, 2015 8:46am
Quoting elbert3
{quote} who loves yer baby come on gb,,,,the crowd go wild,, 078 eur trust me my mothers a policeman
Taking a look buddy, that is valid, showing up several times. Have fun in Jersey but take it easy.

Got to love Carney, he wants to raise rates over the next three years(really?) but is he concerned about deflation, ue, and strong pound.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #411,383
  • Mar 12, 2015 8:54am Mar 12, 2015 8:54am
Quoting Mr. Scott
{quote} Taking a look buddy, that is valid, showing up several times. Have fun in Jersey but take it easy. Got to love Carney, he wants to raise rates over the next three years(really?) but is he concerned about deflation, ue, and strong pound.
Hi Scott yes good old JY again, we might move over ??? the only thing that has deflation is his arse .but yes true if oil keeps going down yes the pound could be crap, and with that i see i my orders in were short again 4800 possible , have to get serious now see where it going , i dont like the spike on the 5 min,,watch dont get caught on any close moving short targets, best regards as ever Billy Gl today
  • #411,384
  • Mar 12, 2015 9:01am Mar 12, 2015 9:01am
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possibility for me anybody see any other problems
  • #411,385
  • Mar 12, 2015 9:05am Mar 12, 2015 9:05am
I am sorry bulls but I hope you crash and burn today, giving me trouble earlier having to close positions on the spike.

My targets @1.4850 & @1.4780 still remain. SL this time @1.4990 to save some profit.
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  • #411,386
  • Mar 12, 2015 9:13am Mar 12, 2015 9:13am
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  • #411,387
  • Mar 12, 2015 9:19am Mar 12, 2015 9:19am
Still not convinced... It can go up 30 pips in 5 min. Need faster drop to break 1.49. AU & NU resisting the drop too. This down move could be another E/G positioning like last week.
  • #411,388
  • Mar 12, 2015 9:35am Mar 12, 2015 9:35am
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  • #411,389
  • Mar 12, 2015 9:49am Mar 12, 2015 9:49am
Quoting Ill-b-back
Carney focus on persistent low inflation in UK and globally and the BOE's focus on this area set a dovish tone the way I read it. His interest rate statement of increases over next 3 years was quite a broad statement considering his objective of increasing inflation
The focus on low CPI is dovish indeed, but that is on a global scale, not a UK phoenomena. When a central bank governor says that he sees an increasing path of rate hikes over the next few years, that is an hawkish statement, there's no two way about it. US figures were horrible (yet again) yet the dollar spikes down and then rallies while cable spikes up and then drops 100 points...the disconnect between PA and fundamental data continues....
  • #411,390
  • Mar 12, 2015 9:58am Mar 12, 2015 9:58am
And now, the longest C corr wave on M5...
  • #411,391
  • Mar 12, 2015 9:58am Mar 12, 2015 9:58am
The disconnection existed even during 1.48-1.72 rise. GU rise was mostly on Carney saying he will raise rates. US was on the course of recovery with good numbers some of the times, then GU would rally. GU was the last to turn down after the US recovery (at least the idea of it) was on paper. Nowadays most moves in GU happen due to E/G though, do not obey nor GBP nor USD news. EZ is the main trading counterpart of GB. If they let it go too low, GB services & exports will suffer. So GU has to somehow follow EU down, not at the same speed though.

Just noted this on the squawk too: 'Stronger GBP could potentially see the central bank refrain from lifting rates as soon as currently envisaged' from BoE.
  • #411,392
  • Mar 12, 2015 10:11am Mar 12, 2015 10:11am
Quoting sakisf
The disconnection existed even during 1.48-1.72 rise. GU rise was mostly on Carney saying he will raise rates. US was on the course of recovery with good numbers some of the times, then GU would rally. GU was the last to turn down after the US recovery (at least the idea of it) was on paper. Nowadays most moves in GU happen due to E/G though, do not obey nor GBP nor USD news. EZ is the main trading counterpart of GB. If they let it go too low, GB services & exports will suffer. So GU has to somehow follow EU down, not at the same speed though. Just...
Definitely, a heavy euro weighs on the pound, I agree. Nevertheless if we believe Carney about the path of interest rates (and if we believe Yellen, why shouldn't we believe Carney?) such a sharp sell off as the one we've seen over the last 9 months (and over the last 2 weeks) in cable does not appear justifiable from a fundamental point of view, unless you believe that the FED will hike in a much more aggressive fashion than the BOE, which, by looking at the recent data, is highly questionable
  • #411,393
  • Mar 12, 2015 10:16am Mar 12, 2015 10:16am
Quoting KzX
And now, the longest C corr wave on M5...
hi do you have a number / chart . regards E
  • #411,394
  • Mar 12, 2015 10:25am Mar 12, 2015 10:25am
Quoting elbert3
{quote} hi do you have a number / chart . regards E
Here you go. Not sure if C's gonna be longer (doubt it). At this hour trend usually revereses...

[EDIT]
Haha, shit wrong thread o_O I meant EU obviously...
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  • #411,395
  • Mar 12, 2015 10:36am Mar 12, 2015 10:36am
Quoting elbert3
{quote} just holding short for now till it looks like it makes its mind up ,, i got caught yesterday not today,, lets see if the short plan works out to 4800 {image}
120 PIP MOVE NOW , NEVER FELL FOR IT TODAY,,WERE WILL IT RETRACE IF ANY ??
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  • #411,396
  • Mar 12, 2015 10:40am Mar 12, 2015 10:40am
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just below that low or even 4860
  • #411,397
  • Mar 12, 2015 10:55am Mar 12, 2015 10:55am
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could we see 200 pips in this day ???
  • #411,398
  • Mar 12, 2015 11:10am Mar 12, 2015 11:10am
Thats me great day,, retrace ? Gl all regards
  • #411,399
  • Mar 12, 2015 11:12am Mar 12, 2015 11:12am
Just a good close below 1.4890 and we are fine for tomorrow.
  • #411,400
  • Mar 12, 2015 11:55am Mar 12, 2015 11:55am
Hi everyone,

I want to ask something , I got long positions around 1,5240 and keeping them but it really started to make me nervous..
​What do you think should I cut them or keep waiting..I have no hurry and my account balance is ok to keep them but don't have the nerve to lose more..

Thank you all ,
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