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Cable Update (GBPUSD)

  • #424,181
  • Feb 16, 2016 2:34am Feb 16, 2016 2:34am
Looks like I should have been playing the GU long instead of the EU long... That was one hell of a rip of a short squeeze there.
"Don't fear a bubble until it starts to burst."
  • #424,182
  • Feb 16, 2016 2:34am Feb 16, 2016 2:34am
Quoting Maks
{quote} I've noticed that pound moves before the news, so when the news is out the move is already done. It happened quite frequently before.
Indeed. In this case it would suggest a strong cpi figure...let's see what comes out
  • #424,183
  • Feb 16, 2016 2:37am Feb 16, 2016 2:37am
what is going to happen next ?
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1 simple mistake makes you become 1000x better.
  • #424,184
  • Feb 16, 2016 2:37am Feb 16, 2016 2:37am
[quote=meanvel;8755881]{quote} I really don't recommend getting bullish the GU
  • #424,185
  • Feb 16, 2016 2:39am Feb 16, 2016 2:39am
Quoting oswell
what is going to happen next ? {image}
It will hit one of the lines.
  • #424,186
  • Feb 16, 2016 2:40am Feb 16, 2016 2:40am
the data already twirling after 11 00 show the movement of the big guys from London, the knowledge data
  • #424,187
  • Feb 16, 2016 2:40am Feb 16, 2016 2:40am
Quoting oswell
what is going to happen next ? {image}
market will go into program mode with a direction north - buy backs and sell backs all day.
The news is just a catalyst its irrelevant the outcome as buying into the market as in the last hour plus makes money if the news is against the buy then your just selling from a higher place..as your already programmed for all results its just whose fastest algorythmn will best position in the volatility which might be ahead.

If you were a market maker with numbers on your screen you would do the same ..

If the low was 20 pips lower then this morning then would have taken a position .. so we wait ..
  • #424,188
  • Feb 16, 2016 2:54am Feb 16, 2016 2:54am
[quote=dean1star;8756139]
Quoting meanvel
{quote} I really don't recommend getting bullish the GU
I still don't. That could easily have just been a dead cat bounce of a short squeeze. In order to actually change the daily trend, the GBP/USD would have to move about 100 pips higher.

For all we know someone just needed to trigger a rally to attract buyers and get shorts to cover to escape a long position. Tudor Jones is famous for triggering dead cat bounces in order to establish position into the start of a downtrend.

We shall see if this was for any reason once the CPI data comes out.
"Don't fear a bubble until it starts to burst."
  • #424,189
  • Feb 16, 2016 2:56am Feb 16, 2016 2:56am
big boys from London again you know the data earlier than the market retail Show me the way 11 00 London time
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  • #424,190
  • Feb 16, 2016 3:04am Feb 16, 2016 3:04am
[quote=meanvel;8756170]
Quoting dean1star
{quote} I still don't. That could easily have just been a dead cat bounce of a short squeeze. In order to actually change the daily trend, the GBP/USD would have to move about 100 pips higher. For all we know someone just needed to trigger a rally to attract buyers and get shorts to cover to escape a long position. Tudor Jones is famous for triggering dead cat bounces in order to establish position into the start of a downtrend. We shall see if this was for any reason once the CPI data comes out.
My Friend there is no need to justify yourself to me, or explain yourself OK - i am just a simple humble trader who believes in taking a postion through price, and saying so - predictions and stuff i leave to others you know what i mean dont you
  • #424,191
  • Feb 16, 2016 3:14am Feb 16, 2016 3:14am
I really can't complain about tonight. My EU longs have performed decently. Nothing like that GU rip though.

As you can all remember from yesterday, I was a lot more bullish the Euro.
"Don't fear a bubble until it starts to burst."
  • #424,192
  • Feb 16, 2016 3:36am Feb 16, 2016 3:36am
Can someone explain whats going on?
  • #424,193
  • Feb 16, 2016 3:47am Feb 16, 2016 3:47am
Quoting Dano12
big boys from London again you know the data earlier than the market retail Show me the way 11 00 London time {image}
How State Secrets Leak in SO Called Civilized Nation???
  • #424,194
  • Feb 16, 2016 4:00am Feb 16, 2016 4:00am
Quoting ForexAuthor
Can someone explain whats going on?
Most likely... Someone big was stuck long the GBP/USD and wanted out. They triggered a short squeeze and started a bit of a buy the rumor event before the CPI data to engineer themselves an escape.
"Don't fear a bubble until it starts to burst."
  • #424,195
  • Feb 16, 2016 5:41am Feb 16, 2016 5:41am
cable went hard down on data and oil price
  • #424,196
  • Feb 16, 2016 5:53am Feb 16, 2016 5:53am
There was no change in trend... Even short term. That was just noise. Buy the rumor shenanigans.

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"Don't fear a bubble until it starts to burst."
  • #424,197
  • Feb 16, 2016 5:56am Feb 16, 2016 5:56am
Is this thing going to push through this resistance at around 1.4410 or will it show to be strong again? Closed one short from 1.4470 for 6 pips and opened another at 1.4443 - tp is 1.4415 so I'm hoping it gets there, I wonder if it can get to 1.4325
  • #424,198
  • Feb 16, 2016 5:57am Feb 16, 2016 5:57am
Quoting Don96
Is this thing going to push through this resistance at around 1.4410 or will it show to be strong again? Closed one short from 1.4470 for 6 pips and opened another at 1.4443 - tp is 1.4415 so I'm hoping it gets there, I wonder if it can get to 1.4325
Yesterday I suffered from losing almost 50 pips on EU short that missed my tp by 2 pips, closed them out in the end for 38 pips total, maybe I should just close this short out on GU for a little short of my TP
  • #424,199
  • Feb 16, 2016 6:00am Feb 16, 2016 6:00am
The low on this move so far was 1.44153, my tp is at 1.4415... Ill be so pissed
  • #424,200
  • Feb 16, 2016 6:29am Feb 16, 2016 6:29am
could it go lower ?
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1 simple mistake makes you become 1000x better.
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