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Cable Update (GBPUSD)

  • #423,261
  • Feb 4, 2016 5:30am Feb 4, 2016 5:30am
Meh, annoying night. Clipped a couple times shorting GU, but made it back timing that small H&S.
"Don't fear a bubble until it starts to burst."
  • #423,262
  • Feb 4, 2016 5:32am Feb 4, 2016 5:32am
Quoting Darkforce
{quote} 1.4650 hold for now, ahead of BOE. If BOE put negative rates and Brexit in their memo, that ka-boom we would go back to 1.4, let's watch the firework
ok next 4609 200 on the 1 min has hold then i watch 100 20 ema cross, then check 5,min etc you never know the big boys might be house moving, note 4617 watch
  • #423,263
  • Feb 4, 2016 5:34am Feb 4, 2016 5:34am
My market feels say

Will shoot 250p up after going down 150p after 13:00.
Price-Action Extremist
  • #423,264
  • Feb 4, 2016 5:34am Feb 4, 2016 5:34am
Quoting mlawson71
It broke above 1.4630 and I think it's quite possible to reach the next resistance at 1.4850.

As elbert3 mentioned fib 50 is doing his job. Upcoming news will be the trigger i guess.
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persistence and determination alone are omnipotent
  • #423,265
  • Feb 4, 2016 5:41am Feb 4, 2016 5:41am
4558 sends it bear if it holds 4531 38% fib
  • #423,266
  • Feb 4, 2016 5:42am Feb 4, 2016 5:42am
Someone just dumped a yard before the news...
"Don't fear a bubble until it starts to burst."
  • #423,267
  • Feb 4, 2016 5:44am Feb 4, 2016 5:44am
Quoting meanvel
Someone just dumped a yard before the news...
What does "yard" mean in the forex context? Seen it often on the forum but don't know what it means.
Price-Action Extremist
  • #423,268
  • Feb 4, 2016 5:47am Feb 4, 2016 5:47am
Quoting bagman
{quote} What does "yard" mean in the forex context? Seen it often on the forum but don't know what it means.
yard = 1.000.000.000
persistence and determination alone are omnipotent
  • #423,269
  • Feb 4, 2016 5:48am Feb 4, 2016 5:48am
1 billion pounds?
Price-Action Extremist
  • #423,270
  • Feb 4, 2016 5:48am Feb 4, 2016 5:48am
Sell from Yesterday's carry over.
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  • #423,271
  • Feb 4, 2016 5:49am Feb 4, 2016 5:49am
Quoting Ll1979
{quote} yard = 1.000.000.000
there was going out def. more then one yard for that movement. but of course i wouldnt hold big positions before news either.
  • #423,272
  • Feb 4, 2016 5:50am Feb 4, 2016 5:50am
Quoting Ll1979
{quote} As elbert3 mentioned fib 50 is doing his job. Upcoming news will be the trigger i guess. {image}
not that easy yet , there is a bit more too it, last nights 30 min was on the money for now ,, who said lines arnt any good ???
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that was the entry so that line is now main tl
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and thats where they took out the traders , that little 61% bounce from the 1st spike down ,, it has been done a few times , ask Dr Zain, i was explaing this move to him last summer
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  • #423,273
  • Feb 4, 2016 5:57am Feb 4, 2016 5:57am
I actually doubt it was near a full yard going out... The market isn't that liquid right before a news release like this. I exaggerated.

Quoting PipJet
{quote} there was going out def. more then one yard for that movement. but of course i wouldnt hold big positions before news either.
"Don't fear a bubble until it starts to burst."
  • #423,274
  • Feb 4, 2016 5:57am Feb 4, 2016 5:57am
Quoting meanvel
Someone just dumped a yard before the news...
my yard is full after that ,, lines and all sorry ,
  • #423,275
  • Feb 4, 2016 5:59am Feb 4, 2016 5:59am
Bulls are hunted, guess where they wanna go next.
... I'm not crazy, just Paranoid ...
  • #423,276
  • Feb 4, 2016 6:01am Feb 4, 2016 6:01am
Quoting elbert3
{quote} just waiting for the new day candle tight sl {image} going 4515 profit take 4413

sell order 10 pip sl and tp 4450,gl
Guess you must of been stopped out there Billy 10 pips stop loss on a Daily chart brave boy you.
  • #423,277
  • Feb 4, 2016 6:01am Feb 4, 2016 6:01am
Quoting Ll1979
{quote} yard = 1.000.000.000
Attached Image (click to enlarge)
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look at the 161 .and 16%
  • #423,278
  • Feb 4, 2016 6:02am Feb 4, 2016 6:02am
Entered long 300 / 150
Price-Action Extremist
  • #423,279
  • Feb 4, 2016 6:03am Feb 4, 2016 6:03am
it's 9-0-0... not good for GBP
Losers Hope, Winners Believe
  • #423,280
  • Feb 4, 2016 6:04am Feb 4, 2016 6:04am
Quoting elbert3
{quote} {image} look at the 161 .and 16%
f mmmmeeeee look at that chart
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