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Cable Update (GBPUSD)

  • #413,121
  • Apr 9, 2015 6:16am Apr 9, 2015 6:16am
Quoting elbert3
no talk of rate cut more important than rise for the pound would one say ????
A rate cut is not on the table at all at the moment. Carney has repeatedly stated that rates are most likely to move up next. That could always change of course, but for the moment the BOE has an official hawkish stance. Same exact position the FED is in...
  • #413,122
  • Apr 9, 2015 6:20am Apr 9, 2015 6:20am
Quoting ez0770
{quote} A rate cut is not on the table at all at the moment. Carney has repeatedly stated that rates are most likely to move up next. That could always change of course, but for the moment the BOE has an official hawkish stance. Same exact position the FED is in...
http://www.theguardian.com/business/...hief-economist

There are some voices there. They didn't and won't do it before the elections if it is to happen.
  • #413,123
  • Apr 9, 2015 6:33am Apr 9, 2015 6:33am
Quoting sakisf
{quote} http://www.theguardian.com/business/...hief-economist There are some voices there. They didn't and won't do it before the elections if it is to happen.
yeah, I remember what Haldane said a few days ago and his statement definitely has some weight given that he is the BOE chief economist, but, as I said, the official stance of the BOE for the time being is that rates will need to go up more likely than down for their next move.

Fed officials, including Yellen, have said exactly the same thing: US rates are most likely going up next, but if data deteriorates, they might even go down and QE might be brought back....in summary, both central banks maintain an official hawkish stance but are stating that all options are open and if we look at the recent data over the past few months the FED has definitely more reasons to change its tones to more dovish ones than the BOE imo...
  • #413,124
  • Apr 9, 2015 6:41am Apr 9, 2015 6:41am
Quoting andoseg2
{quote} Ok, just joined with aggresive entry (don't forget manage risk always) {image}
Ok, moved SL @ Breakeven , depending of your RIsk Management now you should have locked profits or a free trade if the price continue to fall

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Money moves the market, not an indicator.
  • #413,125
  • Apr 9, 2015 7:08am Apr 9, 2015 7:08am
Quoting elbert3
no talk of rate cut more important than rise for the pound would one say ????
Good call their earlier E ..
  • #413,126
  • Apr 9, 2015 7:17am Apr 9, 2015 7:17am
I SE MARKET TESTING 1.4940..........JUST COUPLE OF HURDLES 1.4850...................1.4890
  • #413,127
  • Apr 9, 2015 7:24am Apr 9, 2015 7:24am
1.4699666
  • #413,128
  • Apr 9, 2015 7:43am Apr 9, 2015 7:43am
A drop to 147.35 is highly likely today if the magnificent practitioners of Elliott Wave are to be believed.
It's a big game.
  • #413,129
  • Apr 9, 2015 7:46am Apr 9, 2015 7:46am
Quoting Spudforex
{quote} Good call their earlier E ..
4795, long
  • #413,130
  • Apr 9, 2015 7:56am Apr 9, 2015 7:56am
Buy @ 1.4780 target .14905 ......stop below todays low
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  • #413,131
  • Apr 9, 2015 7:58am Apr 9, 2015 7:58am
As I predicted, amazing how Market Profile in my case and Volume worked...
Datas are futures..not Forex..spot ones...
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  • #413,132
  • Apr 9, 2015 8:10am Apr 9, 2015 8:10am
Quoting openyoureyes
closed all shorts: volume getting lower, so I'm out of the trade... IMHO total USD comeback/domination will be next week. D1 short target: 1.475x [long from there, but I don't trade against the $] looking for short opportunities ~1.497x-1.494x {image} {image}
D1 short target hit, time for long:
good long opportunity, good R:R from these levels.

* I don't trade vs trend (bulls USD) so I didn't take the trade.

motto: USD long only / no counter-trend trades. / / trend > bias
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  • #413,133
  • Edited 9:08am Apr 9, 2015 8:32am | Edited 9:08am
USD rally is sowing the seeds of its own destruction - too easy of a one way trade and runaway fx rates are unbalancing global trade. IMF knows it, Fed knows it - and it wouldn't be too far fetched for the legs to get kicked out at least temporarily by some unseen "action". It would probably be for the greater good if the Fed were to jackknife the USD fx rate, decapitate some speculators, and put the fear of two way markets back in the hearts of participants. No-brainer trades attract no-brains participants, until something breaks. Look no further than the post FOMC freakout on March 18 for how paranoid markets might be that perhaps this shiny happy magical USD no-pullback rally is perhaps so easy that it's too easy.
  • #413,134
  • Apr 9, 2015 8:51am Apr 9, 2015 8:51am
4772 i think is no close zone now ??
  • #413,135
  • Apr 9, 2015 9:03am Apr 9, 2015 9:03am
Quoting elbert3
4772 i think is no close zone now ??
1.4731 on daily, 1.4740 & below on 4h except FOMC day. As soon as 1.4766 is broken with strength if possible, I expect range between 1.4740-1.4699666 for the close.
  • #413,136
  • Apr 9, 2015 9:05am Apr 9, 2015 9:05am
Quoting funzodundee
A drop to 147.35 is highly likely today if the magnificent practitioners of Elliott Wave are to be believed.
I see a wee bit of support at 147.64. I will close there
It's a big game.
  • #413,137
  • Apr 9, 2015 9:24am Apr 9, 2015 9:24am
just took 1.070 eur looks like a big buy ?? sl on manage ?
  • #413,138
  • Apr 9, 2015 9:27am Apr 9, 2015 9:27am
Long?

Should have waited for Asia & Friday profit taking.
  • #413,139
  • Apr 9, 2015 9:35am Apr 9, 2015 9:35am
1.4740 IS VERY IMPORTANT LEVEL TO STILL HOLD LONGS BASED ON SYMMETRICAL PATTERN WAVE E . IT HAS BEEN 18 DAYS FOR THE FORMATION AND TO FAIL AT IT COMPLETELY JUST WASTE OF TIME IT WOULD BE................................
  • #413,140
  • Apr 9, 2015 9:39am Apr 9, 2015 9:39am
Quoting andoseg2
{quote} Ok, moved SL @ Breakeven , depending of your RIsk Management now you should have locked profits or a free trade if the price continue to fall {image}
Price renewed the down-move. Stalking for aggresive trailling stop (50% of position locked as profits) :

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