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Cable Update (GBPUSD)

  • #415,881
  • May 29, 2015 7:36am May 29, 2015 7:36am
after after the us gdp it should fall
why its rising ?
  • #415,882
  • May 29, 2015 7:43am May 29, 2015 7:43am
Chickened out and closed early at the lowest price instead of waiting for BE
  • #415,883
  • May 29, 2015 7:46am May 29, 2015 7:46am
Newbie question but can anyone explain to my why when a single piece of exactly quantifiable news breaks the market moves both with and against it so quickly? Are some releases more prone to this than others or is this just unpredictable volatility?
  • #415,884
  • May 29, 2015 8:27am May 29, 2015 8:27am
Quoting elbert3
{quote} {image} se if that is support to the left if not you can see the rest, will it be a good area as to go before the news, was it sold to this area to buy cheap longs ??? questions questions
would bet against any major bounce-back...
would rather utilize the bounce towards 1.5300 mark to add to the short position...
  • #415,885
  • May 29, 2015 8:31am May 29, 2015 8:31am
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  • #415,886
  • May 29, 2015 8:43am May 29, 2015 8:43am
get past 5300 then 5400 today in fact 5518
  • #415,887
  • May 29, 2015 8:45am May 29, 2015 8:45am
USDChicago Purchasing Managers' Index (May)2 46.253.052.3
  • #415,888
  • May 29, 2015 9:21am May 29, 2015 9:21am
Quoting elbert3
{image}
Divergence forming.

I wouldn't directly trade divergence, but I also wouldn't ignore good and clear divergence as a trend changing signal.
Attached Image (click to enlarge)
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  • #415,889
  • May 29, 2015 9:49am May 29, 2015 9:49am
Am new to this thread.. i subscribe and am looking forward for a GBP reversal next week.. happy weekend and happy trading
  • #415,890
  • May 29, 2015 9:53am May 29, 2015 9:53am
Quoting Darkforce
{quote} Divergence forming. I wouldn't directly trade divergence, but I also wouldn't ignore good and clear divergence as a trend changing signal. {image}
watching 5262 as a bounce area
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  • #415,891
  • May 29, 2015 10:46am May 29, 2015 10:46am
U know what makes it even more worse is that Greece is as good as out of the game and our newly re eRected PM Dave Camaroon is seriously trying to take Germanys Merkel from behind - even the press are asking the big question does the chancellor well - take it up the ... u know never mind its friday afterall
  • #415,892
  • May 30, 2015 5:24pm May 30, 2015 5:24pm
Ill be looking to go long near support, should test 1.54200

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"It is not enough to have a good mind; the main thing is to use it well"
  • #415,893
  • May 31, 2015 10:06am May 31, 2015 10:06am
Seems like we didn`t reach bottom yet. So would like to aware traders who wants to go with bulls to be carefull. Major trend is still bearish.
  • #415,894
  • May 31, 2015 10:44am May 31, 2015 10:44am
According to this article 1.52 will be an intra-month reversal level. I'm thinking 1.52 back to 1.55 then 1.48.

USD/JPY is looking looking toppy here so maybe we will see some dollar selling in June. U.S. equity markets can't advance any further if the USD keeps rising.

http://www.efxnews.com/story/29152/e...e-rates-danske
Be humble or be humbled.
  • #415,895
  • May 31, 2015 11:42am May 31, 2015 11:42am
Quoting Sunnyland
Seems like we didn`t reach bottom yet. So would like to aware traders who wants to go with bulls to be carefull. Major trend is still bearish.
  • #415,896
  • May 31, 2015 8:21pm May 31, 2015 8:21pm
Quoting DoNUts
{quote}
Only Cable can take on the mighty USD. Looking for a long. I have taken a small long position at 1.5277
Be humble or be humbled.
  • #415,897
  • May 31, 2015 11:28pm May 31, 2015 11:28pm
Quoting Temujin
According to this article 1.52 will be an intra-month reversal level. I'm thinking 1.52 back to 1.55 then 1.48. USD/JPY is looking looking toppy here so maybe we will see some dollar selling in June. U.S. equity markets can't advance any further if the USD keeps rising. http://www.efxnews.com/story/29152/e...e-rates-danske
Daily time frame looks like trying to bottom out - maybe PMI will move this back up ....
Attached Image (click to enlarge)
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  • #415,898
  • Edited 11:55pm May 31, 2015 11:40pm | Edited 11:55pm
Quoting ectoplasm
{quote} Daily time frame looks like trying to bottom out - maybe PMI will move this back up .... {image}
Buy waiting for confirmation. - long term
  • #415,899
  • Jun 1, 2015 2:37am Jun 1, 2015 2:37am
Quoting DoNUts
{quote} Buy waiting for confirmation. - long term
morning bit of a mix last few hours looks like buy over 532 sell under 522 ?? see how it goes.
  • #415,900
  • Jun 1, 2015 3:02am Jun 1, 2015 3:02am
Quoting elbert3
{quote} morning bit of a mix last few hours looks like buy over 532 sell under 522 ?? see how it goes.
morning comrade had a late one (yawns) sure u had more of em than me .. -

There will be a buy soon for sure right
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