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Cable Update (GBPUSD)

  • #417,401
  • Jul 22, 2015 3:38am Jul 22, 2015 3:38am
that falling 4hr/daily trend line and daily R3 tested at hi...offers to 5650 reported then 80 then 5700...above 5674 hi is the former daily swing lo zone tested twice now and acted as resistance that runs up to 5702 which is 61.8% of the 5929-5328 fall. weekly R1 at 5701.

best wishes
it's all gone a bit........
  • #417,402
  • Jul 22, 2015 3:45am Jul 22, 2015 3:45am
Quoting Tom_D_Trader
{quote} Not yet, lets give it till Q4/2015 for slow start of shift
Great one Tom
  • #417,403
  • Jul 22, 2015 3:46am Jul 22, 2015 3:46am
Quoting Dano12
BoE: interest-rate voted 9-0 to keep interest rate unchanged
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morning D went into sell zone from weeks ago chart and 2nd tl as from early chart
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just watching around 5610/15 might pull if it gets 5620
  • #417,404
  • Jul 22, 2015 3:59am Jul 22, 2015 3:59am
Quoting traupro
{quote} and where will G/U go? up or down?
I will break this resistance should push on 15700
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  • #417,405
  • Jul 22, 2015 4:25am Jul 22, 2015 4:25am
0-0-9 really spoil the momentum. damned!
  • #417,406
  • Jul 22, 2015 4:30am Jul 22, 2015 4:30am
FXStreet (Mumbai) - As widely expected all nine rate-setters on the BoE Monetary Policy Committee (MPC) voted unanimously on the policy stance for July.

Despite the slide back to zero in inflation in June, BoE Governor Mark Carney expressly stated that rates could rise at the turn of this year.
could not will, who is this guy,???
The decision between hiking the base rate and leaving it unchanged at the current situation was becoming more finely balance for “a number of members”, the MPC minutes revealed on Wednesday.

This changed from the several previous statements which used to show the policy decision was finely balanced only for two members.
but 9 voted unchanged ???? see 1st paragraph , which quote is right that is 2 different quotes ?? no
The document from the July meeting showed that for these members, the balance of risks to the medium-term inflation outlook relative to the 2% was “becoming more skewed to the upside at the current level of Bank Rate.”

The minutes also showed the policymakers viewed the recent sterling appreciation to have “a direct effect on inflation, bearing down on the CPI relative to the outlook described in the Committee’s May forecast, although the speed and degree of pass-through from movements in sterling was uncertain. what does that mean

piece taken from web , my thoughts in blue,, its a f,,,ing game, if your uncertain abstain from voting ????
  • #417,407
  • Jul 22, 2015 4:39am Jul 22, 2015 4:39am
more patience required by the bulls awaiting longer targets to the north as price struggles to make anymore progress in that direction after the immediate post data hi of 5647. The known/visible obstacles to the north are shown on daily pic below with Weekly R1 at 5702. Uk Retail sales data tomorrow might help or hinder the bulls....better than last month is the forecast consensus. Last 4hr close was bullish.

best wishes
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it's all gone a bit........
  • #417,408
  • Jul 22, 2015 4:51am Jul 22, 2015 4:51am
just bought gbeur 6996, gb down eur up
  • #417,409
  • Jul 22, 2015 5:05am Jul 22, 2015 5:05am
craziness of this pair is just mind boggling. wonder what it is like to play in a casino. this pair is similar to that
  • #417,410
  • Jul 22, 2015 5:15am Jul 22, 2015 5:15am
Quoting giveachance
craziness of this pair is just mind boggling. wonder what it is like to play in a casino. this pair is similar to that
Hi GC, red or green ,,,???lol pick the right number then the tables your mate .regards B
  • #417,411
  • Jul 22, 2015 5:17am Jul 22, 2015 5:17am
Quoting elbert3
{quote} Hi GC, red or green ,,,???lol pick the right number then the tables your mate .regards B
started hedging when i watched the london open. I think this pair is going to catch you on the wrong side. it is still undecided what it needs to do. by the way did not check the latest news data. what is the MPC statement telling you?? hawkish or dovish???
  • #417,412
  • Jul 22, 2015 5:17am Jul 22, 2015 5:17am
Quoting giveachance
craziness of this pair is just mind boggling. wonder what it is like to play in a casino. this pair is similar to that
Yeh it can be crazy but that's probably what we like about it ? ....I find that on any rangy days like most of yesterday for example it is better to be patient and seek out only hi probability trading opportunities/set-ups and that is a good general rule overall , but on days like today where there is a strong move in way or other, it is safer to try and get with the move than against it and if against it to treat each counter main move as a pullback unless price action begins to say otherwise. I have only had 2 trades today one long one short and the short was only for +8 pips..(I do trade on the sub 1hr t/f's.)

best wishes.
it's all gone a bit........
  • #417,413
  • Jul 22, 2015 5:19am Jul 22, 2015 5:19am
Quoting petetong
{quote} Yeh it can be crazy but that's probably what we like about it ? ....I find that on any rangy days like most of yesterday for example it is better to be patient and seek out only hi probability trading opportunities/set-ups and that is a good general rule overall , but on days like today where there is a strong move in way or other, it is safer to try and get with the move than against it and if against it to treat each counter main move as a pullback unless price action begins to say otherwise. I have only had 2 trades today one long one...
I will tell you what is the prob of going with the move. this pair has a habit of giving away 50 pips in a hurry and making as much pips back in and around the cut. so every chance you are going to get caught in that move
  • #417,414
  • Jul 22, 2015 5:33am Jul 22, 2015 5:33am
Quoting giveachance
{quote} I will tell you what is the prob of going with the move. this pair has a habit of giving away 50 pips in a hurry and making as much pips back in and around the cut. so every chance you are going to get caught in that move
We all have our own experiences of the pair/any trading instrument and mine is that when I go 'with the move' I have a higher success rate and bag more pips than counter move, when the respective trade is successful.

best wishes.
it's all gone a bit........
  • #417,415
  • Jul 22, 2015 5:45am Jul 22, 2015 5:45am
http://www.telegraph.co.uk/finance/b...medium=twitter
  • #417,416
  • Jul 22, 2015 7:32am Jul 22, 2015 7:32am
My take for GBP now

If we take out 1.5645 in NY session we are heading to 5678 and 5726 next. if we fail and don't close above 5645 or close below 5591 then the bear rally is starting again. right now bulls are in favour
  • #417,417
  • Jul 22, 2015 7:47am Jul 22, 2015 7:47am
Quoting elbert3
{quote} Hi GC, red or green ,,,???lol pick the right number then the tables your mate .regards B
Higher of course plenty of room left at the top.
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  • #417,418
  • Jul 22, 2015 8:05am Jul 22, 2015 8:05am
fight, something to bear something for bulls
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  • #417,419
  • Jul 22, 2015 8:28am Jul 22, 2015 8:28am
please check all 7 gbp pairs
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  • #417,420
  • Jul 22, 2015 8:52am Jul 22, 2015 8:52am
IMO GU go up
TP1: 1.56649
And falling's just another way to fly...
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