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Cable Update (GBPUSD)

  • #416,521
  • Jun 16, 2015 8:50pm Jun 16, 2015 8:50pm
Sell GU @1.5641
Attached Image (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 250 KB
  • #416,522
  • Jun 16, 2015 9:31pm Jun 16, 2015 9:31pm
Quoting Asm25
any1 shorting gu here?
Too early for short. W1 show strong bull movement...
Try don't lose pants never...
  • #416,523
  • Jun 17, 2015 2:36am Jun 17, 2015 2:36am
Quoting ItsAtrap
{quote} I have now taken profit on 1/2 of my position for just under 300 pips. The rest of the position remains on, with an updated stop-loss as per chart (a 4H chart). {image}
I took profit here on the remaining 1/2 of my position for about the same pippage. Now flat on this pair.
  • #416,524
  • Jun 17, 2015 3:09am Jun 17, 2015 3:09am
Quoting ItsAtrap
{quote} I took profit here on the remaining 1/2 of my position for about the same pippage. Now flat on this pair.
Congrats on your trade ItsAtrap, solid
  • #416,525
  • Jun 17, 2015 3:12am Jun 17, 2015 3:12am
Thanks Alex. Don't be surprised to see this pair going higher. As many others have already pointed out with good charts, we are trading in a rising channel but we have not yet had a meaningful channel top overshoot. Such channels usually have an overshoot before either reversing to at least the bottom of the channel, or a more meaningful reversal.
  • #416,526
  • Jun 17, 2015 3:15am Jun 17, 2015 3:15am
Quoting ItsAtrap
Thanks Alex. Don't be surprised to see this pair going higher. As many others have already pointed out with good charts, we are trading in a rising channel but we have not yet had a meaningful channel top overshoot. Such channels usually have an overshoot before either reversing to at least the bottom of the channel, or a more meaningful reversal.
Dont forget we have feds meeting tonight
  • #416,527
  • Jun 17, 2015 3:17am Jun 17, 2015 3:17am
Oh yes. I hope it drives EUR/USD down to 1.1130 - 1.107. If it does, Cable might follow in a small retracement. But Cable has been dancing on its own rythm lately!
  • #416,528
  • Jun 17, 2015 3:28am Jun 17, 2015 3:28am
insider from London big boys already know they will be better data
  • #416,529
  • Jun 17, 2015 3:32am Jun 17, 2015 3:32am
Again insiders from London did not fail
  • #416,530
  • Jun 17, 2015 3:33am Jun 17, 2015 3:33am
still holding my 1.5280 long
1.5695 atm
  • #416,531
  • Jun 17, 2015 3:37am Jun 17, 2015 3:37am
Quoting Fx-gtg
still holding my 1.5280 long 1.5695 atm
You must be rich by now
Congratz anyway!
  • #416,532
  • Jun 17, 2015 3:41am Jun 17, 2015 3:41am
Quoting Fx-gtg
still holding my 1.5280 long 1.5695 atm

Again insiders from London did not fail again the pound, he goes earlier, before giving the data in the right direction
  • #416,533
  • Jun 17, 2015 4:00am Jun 17, 2015 4:00am
Quoting Dano12
{quote} Again insiders from London did not fail again the pound, he goes earlier, before giving the data in the right direction
pairs like gbp/nzd have gone 3400 pips up with no retracement. from 1.93xx to 2.27xx atm
  • #416,534
  • Jun 17, 2015 4:02am Jun 17, 2015 4:02am
At the end of the day one has to shrug one's shoulders and just make sure you're using money you can afford to lose. It hits you like a bolt between the eyes. You can be right and wrong at the same time in Forex. The GBP Claimant Count Change was not only worse than the forecast but also worse than the previous month's figure; in other words GBP was expected to depreciate. The exact opposite happened. GBP moved with alacrity to its highest value of the day.
So I'm in the ridiculous position of being correct in that the CCC missed the forecast target but simultaneously wrong because of the movement of GBP "anti-economically" for want of a better phrase.
What it means is that skill is not needed. You just have to watch the price action like a hawk and fly in whichever way it moves for there is no way of knowing for certain the direction of movement through fundamentals or technicals.
  • #416,535
  • Jun 17, 2015 4:05am Jun 17, 2015 4:05am
Quoting Dano12
{quote} Again insiders from London did not fail again the pound, he goes earlier, before giving the data in the right direction
Fix up, trade sharp ...
  • #416,536
  • Jun 17, 2015 4:46am Jun 17, 2015 4:46am
Quoting Hickson
{quote}
insiders - the big boys from London are doing well ... what now after the break resistance, fib 1.61 waiting for grandmothers Yellow
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD_H4.gif Size: 151 KB
Click to Enlarge Name: GBPUSD_H1.gif Size: 134 KB
  • #416,537
  • Jun 17, 2015 4:47am Jun 17, 2015 4:47am
Quoting Dano12
{quote} insiders - the big boys from London are doing well ... what now after the break resistance, fib 1.61 waiting for grandmothers Yellow {image} {image}
Just taking it up another 40 before hammering it back to breakout level? And everyone looking at their Fibs like: ooooops
Fix up, trade sharp ...
  • #416,538
  • Jun 17, 2015 4:58am Jun 17, 2015 4:58am
Quoting Hickson
{quote} Just taking it up another 40 before hammering it back to breakout level? And everyone looking at their Fibs like: ooooops

Yes, but admit the good you can see in GBP for every data almost as big boys are familiar with them before, ruchdon doing after 11 00 London time, but not once show on the last m5 11:25 -11: 28
  • #416,539
  • Jun 17, 2015 5:42am Jun 17, 2015 5:42am
Quoting Steve J
At the end of the day one has to shrug one's shoulders and just make sure you're using money you can afford to lose. It hits you like a bolt between the eyes. You can be right and wrong at the same time in Forex. The GBP Claimant Count Change was not only worse than the forecast but also worse than the previous month's figure; in other words GBP was expected to depreciate. The exact opposite happened. GBP moved with alacrity to its highest value of the day. So I'm in the ridiculous position of being correct in that the CCC missed the forecast target...
Hey Steve, yes we all hear you. Sometimes techs and fundis are both out the window.. forex is UNPREDICTABLE.. like a wild animal..
anyone denying this, has not been in the markets long enough. The best seasoned traders will lose trades at some point, when everything
points to otherwise. It keep us alive and doing well, when we practice good money management and control. the 'big boys' you hear people
talking about here sometimes, also suffer huge fuck ups. look how much big banks can lose in trades. diff with them, is they have huge amounts
to gain it back. if we all had 10 million trading accounts, imagine how we could recoup loser trades (provided we were decent enough traders.)
GN is a monster right now.
  • #416,540
  • Jun 17, 2015 5:43am Jun 17, 2015 5:43am
Calm down. All cable is doing is visiting old norms. Levels that must have been touch months ago but did not happen.
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