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Cable Update (GBPUSD)

  • #411,421
  • Mar 12, 2015 3:07pm Mar 12, 2015 3:07pm
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  • #411,422
  • Mar 12, 2015 3:14pm Mar 12, 2015 3:14pm
Quoting Kajos2250
{quote} GU H8 GMT+2 Engulfing, followed bearish belt hold, then hold {image}
GU H8 GMT+2

Bearish belt hold is in process.
Previous sell limit missed, another placed .4912, possible huge fall...

Good luck!
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Anything is math!
  • #411,423
  • Mar 12, 2015 3:30pm Mar 12, 2015 3:30pm
Quoting elbert3
{quote} Hi IB had some great trades today , here is my thought , if you read the posts you know where i got in ,Regards B and good {image}night
Congratulations.
i just couldn't follow what you were saying on previous post.
sleep well
Come with me if you want to live....
  • #411,424
  • Mar 12, 2015 3:30pm Mar 12, 2015 3:30pm
Quoting Kajos2250
{quote} GU H8 GMT+2 Bearish belt hold is in process. Previous sell limit missed, another placed .4912, possible huge fall... Good luck! {image}
Awesome trades
Come with me if you want to live....
  • #411,425
  • Mar 12, 2015 8:29pm Mar 12, 2015 8:29pm
GU reached at safe heaven, here we can trade between 150 pips average trading range based on day candle stick and chart... trend is staying at weekly line until next week's GBP's "Official Bank Rate Votes", "Annual Budget Release", and USD's FOMC
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  • #411,426
  • Mar 12, 2015 11:15pm Mar 12, 2015 11:15pm
Quoting Ill-b-back
{quote} (1) Yes I agree and that's precisely what I said. (2) Again, I agree, but that's not what Carney said. "The Bank expects to return inflation to target within two years and to make limited and gradual increases in Bank Rate over the next three years in order to achieve that in a sustainable manner". He also went on to clarify: "The pace and degree of these increases will be affected by a variety of factors, including the evolution of foreign prices and our exchange rate, as well as domestic cost pressures. While the MPC can be expected to...
Hi, regarding (2), that headline came straight from Ransquawk. Looking at Carney's speech more in detail here's exactly what he said:

"The bottom line is that there is a risk that the combination of persistently low
global inflation and the strength of sterling could weigh on prices here for some time. But despite these
headwinds, a solid UK expansion, underpinned by strong domestic demand growth, leaves us on track to
return inflation to target within the next two years. To deliver that outcome, a gently rising path for Bank Rate
is likely to be required over the next few years."

This is the BOE governor spelling out the fact that interest rates are (likely) going to rise over the next few years. That is a hawkish statement. The statement about a strong sterling potentially weighing on prices could be interpreted as dovish, but it should be overshadowed by the explicit sentence on rising rates, as rates are what ultimately and directly drives currency value, not inflation. One could argue of course, in the case of cable, that the FED is making similar hawkish statements as Carney, which is true, but my point is that the extent and the speed of the sell off in the pair has been exaggerated, given the alignment of the monetary policies of the two central banks....
  • #411,427
  • Mar 12, 2015 11:43pm Mar 12, 2015 11:43pm
Quoting ez0770
{quote} Hi, regarding (2), that headline came straight from Ransquawk. Looking at Carney's speech more in detail here's exactly what he said: "The bottom line is that there is a risk that the combination of persistently low global inflation and the strength of sterling could weigh on prices here for some time. But despite these headwinds, a solid UK expansion, underpinned by strong domestic demand growth, leaves us on track to return inflation to target within the next two years. To deliver that outcome, a gently rising path for Bank Rate is likely...
Come with me if you want to live....
  • #411,428
  • Mar 12, 2015 11:48pm Mar 12, 2015 11:48pm
Good morning all

Shafik will be talking at 11 00 GMT .. Any ideas if she is gonna be hawkish..
  • #411,429
  • Mar 12, 2015 11:50pm Mar 12, 2015 11:50pm
Quoting Kajos2250
{quote} GU H8 GMT+2 Bearish belt hold is in process. Previous sell limit missed, another placed .4912, possible huge fall... Good luck! {image}
top trades well done ,regards E
  • #411,430
  • Mar 12, 2015 11:55pm Mar 12, 2015 11:55pm
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that needs to be filled might go 4808 first, lets see if this might slowly get up there , no over night retrace ??
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ANY FAILED LONGS THEN THE BOTTOM LINE SO CAREFULL IF GOING LONG NOW AND HOLDING , I JUMP OUT AND LOSE THE MONEY, YOU GET IT BACK ,,
  • #411,431
  • Mar 13, 2015 12:04am Mar 13, 2015 12:04am
Quoting ill-b-back
1.4958(ish) seems like a good place to short again {image}
one for my mate the line king,,, ??? Lol
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regards ps i think above 4900 it will take off just my opinions , off to jersey this morning so hope we get some movement before 11 am
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  • #411,432
  • Mar 13, 2015 1:03am Mar 13, 2015 1:03am
New day for sellers?
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  • #411,433
  • Mar 13, 2015 1:07am Mar 13, 2015 1:07am
I am expecting a doji day. Unless it breaks 1.4850 again, though 1.49 seems more likely.
  • #411,434
  • Mar 13, 2015 1:10am Mar 13, 2015 1:10am
I think that will break the daily resistance before turning for sale. Have the data Construction Output m / m also ..... watching meanwhile, closed order
  • #411,435
  • Mar 13, 2015 1:13am Mar 13, 2015 1:13am
Quoting sakisf
I am expecting a doji day. Unless it breaks 1.4850 again, though 1.49 seems more likely.
Volume, strength purchased very strong right now. Let's see if it so after bad news
  • #411,436
  • Mar 13, 2015 1:13am Mar 13, 2015 1:13am
Quoting hetfield
I think that will break the daily resistance before turning for sale. Have the data Construction Output m / m also ..... watching meanwhile, closed order
@1.4990 DR1 or @1.4918 DPP?

I see jumps in price up, 2-4 pips each time. Seems more like profit taking & low liquidity than buyers.
  • #411,437
  • Mar 13, 2015 1:22am Mar 13, 2015 1:22am
Quoting sakisf
{quote} @1.4990 DR1 or @1.4918 DPP? I see jumps in price up, 2-4 pips each time. Seems more like profit taking & low liquidity than buyers.
This good observation of the "jump" the price .... the price following its trend now. I lost a great entry. Patience is everything in this war
  • #411,438
  • Mar 13, 2015 1:27am Mar 13, 2015 1:27am
The closes and opens of the past weeks in blue offer strong resistance now. If they fail @>1.4920, then it will come back to previous levels. To me today with all the profit taking and being Friday is the last day for the bears to hold the ground in order to proceed to lower targets. If they fail then doom (@1.5+) is coming. The only similar structure on the weekly is back in 2010 when it managed to pierce below the previous weekly support on the way down.

NU ready to break support and go to the bottomless pit. Would be helpful if it does it soon and with speed.
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  • #411,439
  • Mar 13, 2015 1:31am Mar 13, 2015 1:31am
This is not a recommendation, just an observation. Expecting price at 1.52... by the week of 23/3, but then down again.
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  • #411,440
  • Mar 13, 2015 1:42am Mar 13, 2015 1:42am
G/J ready to break another big support. U/J does not seem willing to give. Hopefully it will be GU.
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