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Cable Update (GBPUSD)

  • #423,161
  • Feb 3, 2016 10:03am Feb 3, 2016 10:03am
I was thinking the extreme strength of this move didn't fully make sense just technically... This is starting to make more sense now that I look at the headlines. The Fed has been talking about negative interest rates testing being included in the stress test. Jesus... If the market starts to price in US negative rates a couple years out, all foreign currencies would be straight back to what they were a few years back.

The Fed Wants to Test How Banks Would Handle Negative Rates From bloomberg.com | 10 min ago
"Don't fear a bubble until it starts to burst."
  • #423,162
  • Feb 3, 2016 10:07am Feb 3, 2016 10:07am
Quoting Darkforce
I am lost, WTF is going on. {image}
Up trend
Its simple
I might be wrong , I have been wrong before
  • #423,163
  • Feb 3, 2016 10:09am Feb 3, 2016 10:09am
Learn from beginners

http://www.forexfactory.com/showthre...59#post8730059
I might be wrong , I have been wrong before
  • #423,164
  • Feb 3, 2016 10:35am Feb 3, 2016 10:35am
35 hr ago I wrote;

Quoting Charith
Trend reversal has happened on 29th January. Now the correction will happen over coming weeks or months. A consolidation may happen if balance between bulls & bears stay unstable. For long term traders it will be a bull market from now. Still there will be short term sell opportunities. We can make a profit both ways easily when we know where it is heading.
I'm over 400 pips up with this move, I use hedging to lock profit here, trying to keep up with them as they move along, up or down.
... I'm not crazy, just Paranoid ...
  • #423,165
  • Feb 3, 2016 10:44am Feb 3, 2016 10:44am
Quoting Mandariin
Learn from beginners http://www.forexfactory.com/showthre...59#post8730059
Attached Image (click to enlarge)
Click to Enlarge Name: e.png Size: 82 KB
come on eu
  • #423,166
  • Edited 11:15am Feb 3, 2016 10:44am | Edited 11:15am
Okay I am sorry I am not totally green
I trade for them ....... but only ES right now
GU is new for me but I will make it brad and butter trading instrument for me
I might be wrong , I have been wrong before
  • #423,167
  • Feb 3, 2016 10:54am Feb 3, 2016 10:54am
eu could be strong support now 1.1000 next target gb 50 ema and 50% on the day chart long should be 4668 then 4800 ,,break out support is 4446 only problem eu exit vote
  • #423,168
  • Feb 3, 2016 11:05am Feb 3, 2016 11:05am
Quoting Mandariin
Okay I am sorry I am not totally green I trade for them https://www.topsteptrader.com/ but only ES right now GU is new for me but I will make it brad and butter trading instrument for me
careful that would be seen as commercial advertising ,,regards E
  • #423,169
  • Feb 3, 2016 11:05am Feb 3, 2016 11:05am
1,54 !!??!!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-w1-e-global-trade.png Size: 48 KB
  • #423,170
  • Feb 3, 2016 11:11am Feb 3, 2016 11:11am
Quoting piupiu
1,54 !!??!! {image}
no chance. it will fall to 1.43 and below. I just don't know when. It can happen quickly or 2 weeks later. one thing for sure dollar weakness is here to stay
  • #423,171
  • Feb 3, 2016 11:15am Feb 3, 2016 11:15am
Quoting elbert3
{quote} careful that would be seen as commercial advertising ,,regards E
Okay changed my post to ....
I might be wrong , I have been wrong before
  • #423,172
  • Feb 3, 2016 11:16am Feb 3, 2016 11:16am
Sell Zone Pound Dollar.

Looking to confirm position next 8 hours.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-h4-oanda-division11.png Size: 109 KB
  • #423,173
  • Feb 3, 2016 11:18am Feb 3, 2016 11:18am
Quoting giveachance
{quote} no chance. it will fall to 1.43 and below. I just don't know when. It can happen quickly or 2 weeks later. one thing for sure dollar weakness is here to stay
Attached Image (click to enlarge)
Click to Enlarge Name: 1m2.png Size: 74 KB

Not sure GC but the 1 min looks like you could be right pump and dump it has done it before see it on the chart , or just waves ,, the Elliotts will tell us
  • #423,174
  • Feb 3, 2016 11:58am Feb 3, 2016 11:58am
Hi B ,not seen thats what it is



Quoting elbert3
{quote} careful that would be seen as commercial advertising ,,regards E
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #423,175
  • Feb 3, 2016 12:01pm Feb 3, 2016 12:01pm
one of the easiest rules you can have is not try against such a d1 today ,
Attached Image (click to enlarge)
Click to Enlarge Name: 01 USD (DFB).png Size: 33 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #423,176
  • Feb 3, 2016 12:09pm Feb 3, 2016 12:09pm
don't fight the momentum of the day
lol

Quoting meanvel
Markets don't have momentum. A strong price move up can psychologically reinforce the bulls so they hold position and don't take profits for a while. Also, a strong move up scares the bears so they do not pile in short until they regain confidence. This is why the market only pulled back to 1.4325 and bounced. Psychological reinforcement caused by that strong ramp beforehand. There is no "momentum" in the way you normally think of momentum... That a strong up move means a high probability of more immediate gains. Nope, that is not how it works in...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #423,177
  • Feb 3, 2016 12:10pm Feb 3, 2016 12:10pm
Quoting giveachance
{quote} no chance. it will fall to 1.43 and below. I just don't know when. It can happen quickly or 2 weeks later. one thing for sure dollar weakness is here to stay
Lets see.... time will tell.
  • #423,178
  • Feb 3, 2016 12:22pm Feb 3, 2016 12:22pm
soon there will be blood ?
  • #423,179
  • Feb 3, 2016 1:05pm Feb 3, 2016 1:05pm
Jeez how is all this strength continuing, this strong, after hours!
  • #423,180
  • Feb 3, 2016 1:14pm Feb 3, 2016 1:14pm
Quoting ptcl
soon there will be blood ?
I don't know about blood, but there's certainly sweat and some tears.
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