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Cable Update (GBPUSD)

  • #411,901
  • Mar 19, 2015 9:57am Mar 19, 2015 9:57am
EU positioned for possible short now. Might bring 1.46xx! NU ready to run to .7350 too.
  • #411,902
  • Mar 19, 2015 10:00am Mar 19, 2015 10:00am
Quoting _BBKing_
{quote} by my side, i cannot keep watching at charts looking for continous trades. i mean... i can get a scalp for some 30-50 pips today or tomorrow. then that's it. once done, no matter if profit or loss, i'm totally unable to open another trade. at that point all charts appears confused to me, because i can only see price moving in one direction or the other and switching (for example) from short to long, costs me a lot. it's basically how i developed my trading over the years. at first i realized was better to trade an instrument when in trend...
Only to be real money at stake now makes me very anxious, I think even just a great risk management on my part so I can be more relaxed at the moment it is not yet possible.
Interesting looking for 4 hour charts, the movement exceeds more than 100 pips to quietly change the current trend without the mess of rises and falls in shorter times. It is a case to be incorporated, I would have a more peaceful sleep
  • #411,903
  • Mar 19, 2015 10:04am Mar 19, 2015 10:04am
Don't leave trades open at night. Close them minutes before NY close to avoid swaps and you will have a good sleep.
  • #411,904
  • Mar 19, 2015 10:06am Mar 19, 2015 10:06am
near 1.473 limit for up , broken if leg up over to down & correct up also for more down/up . same happened already in eurusd >perhaps ALL FALSE SPIKE BEFORE THE NEWS . down though ultimately prefered.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #411,905
  • Mar 19, 2015 10:44am Mar 19, 2015 10:44am
flat

https://charts.mql5.com/7/314/gbpusd...-limited-3.png
  • #411,906
  • Mar 19, 2015 10:52am Mar 19, 2015 10:52am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_D1.gif Size: 143 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_H1..11.gif Size: 160 KB
  • #411,907
  • Mar 19, 2015 11:04am Mar 19, 2015 11:04am
Now need EU to break 1.06 to see the lows of 1.46. NY should retrace it a bit to 1.4740 for some more shorts.
  • #411,908
  • Mar 19, 2015 11:18am Mar 19, 2015 11:18am
EU USd support
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H1,.......gif Size: 157 KB
  • #411,909
  • Mar 19, 2015 11:18am Mar 19, 2015 11:18am
http://www.fxstreet.com/news/forex-n...a-d889882f455c thats the sell off, rumor ,, sell it,, f,,k sakes missed that news , buy the fact.. manipulation, ,,
  • #411,910
  • Mar 19, 2015 11:23am Mar 19, 2015 11:23am
Think he said that 2 days ago too. I didn't catch it on the news as I had the squawk off. NU is so stupidly stubborn. Should move to .70 already.
  • #411,911
  • Mar 19, 2015 11:41am Mar 19, 2015 11:41am
Quoting elbert3
http://www.fxstreet.com/news/forex-n...a-d889882f455c thats the sell off, rumor ,, sell it,, f,,k sakes missed that news , buy the fact.. manipulation, ,,
That was a very dovish statement and coming from the BOE chief economist it does carry some weight. Haldane, though, is just one of the MPC members and as far as we know from recent statements, the BOE should be on track to hike rates. If that stance were to change, that could mean the end of any hope to see the pair sustain a decent rally. After all cable has been dropping almost continuously (apart from February) despite decent economic data an a relatively hawkish BOE. If even the BOE turns more dovish now, God only knows how far this pair might go...
  • #411,912
  • Mar 19, 2015 12:07pm Mar 19, 2015 12:07pm
Next Stop 1.4536/1.4428 am hoping price can retrace though today or tomorrow too 1.4850 so can enter the short with less risk... trying to scalp it up fro bottom./... got a 127.10 entry stop 1.2690 and keeping the fingers crossed

Also looking at USD CAD.... looks a good sell at 12780/97/ 12818 levels.....
  • #411,913
  • Edited 12:22pm Mar 19, 2015 12:08pm | Edited 12:22pm
They said GBP should weaken in order not to hurt their inflation targets. They need much more weakened currency in order to keep up with low Euro and low oil.

Closed here at +120 pips. Placed sell stops all the way to 1.4780 for tomorrow.
  • #411,914
  • Mar 19, 2015 12:40pm Mar 19, 2015 12:40pm
https://charts.mql5.com/7/315/gbpusd...ts-limited.png

new form created
  • #411,915
  • Mar 19, 2015 12:52pm Mar 19, 2015 12:52pm
Quoting sakisf
They said GBP should weaken in order not to hurt their inflation targets. They need much more weakened currency in order to keep up with low Euro and low oil. Closed here at +120 pips. Placed sell stops all the way to 1.4780 for tomorrow.
Arguably they mean against currencies like the EUR, which have been steadily depreciating against the GBP over the past year. Also, we now know after last night that the FED is watching the USD and they are not too comfortable with its recent strength either....remember also inflation in the US is also non existent, it's not a UK only phoenomenum
  • #411,916
  • Mar 19, 2015 1:06pm Mar 19, 2015 1:06pm
CAble came up off a technical level to the appropriate technical level and the next technical level is down at 14538 but as CAble is bearish if we break into the swing we should see 14428 where there is also confluence.. expect a few hundred pip pullback off 14428 then continuation toward 139 and possible 135 then expect everyone and their mother and father to start buying as am expecting 139 or 135 to be the bottom and from there Cable turns bullish for higher highs across the board
  • #411,917
  • Mar 19, 2015 1:51pm Mar 19, 2015 1:51pm
I feel like if 1.4700 breaks, it's going south fast. If it holds, it's going to bounce hard. That's what it feels like to me.
  • #411,918
  • Mar 19, 2015 1:53pm Mar 19, 2015 1:53pm
It was broken, stops taken. Next stops below 1.4660. Needs some more steam, a pullback to 1.4740-1.4760 could help.
  • #411,919
  • Mar 19, 2015 2:02pm Mar 19, 2015 2:02pm
Quoting sakisf
Don't leave trades open at night. Close them minutes before NY close to avoid swaps and you will have a good sleep.
The best thing to do, that trading off the night is that low volatility undecided direction. For today shut, only lah tomorrow by 4:30 in the morning on time here, rise up early is complicated
  • #411,920
  • Mar 19, 2015 2:17pm Mar 19, 2015 2:17pm
Or wait for NY close and decide!
I hope we are before huge move again
Anything is math!
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