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Cable Update (GBPUSD)

  • #425,101
  • Feb 23, 2016 3:55pm Feb 23, 2016 3:55pm
Quoting elbert3
{quote} {image} as above but looking for a buy now, might hedge here
Everything was fine at Fri close but London Mayor's remarks killed the momentum and reversed.
He is popular but GB will stay in EU.This was market taking out weak longs.
regards
In trading, you have to be defensive and aggressive at the same time
  • #425,102
  • Feb 23, 2016 4:00pm Feb 23, 2016 4:00pm
Quoting elbert3
{image} sundays entry fooled the longs
Wonder anyone entered long on that Friday evening spike? I certainly wouldn't. But the news of David Cameron get the EU deal sounded so promising.
  • #425,103
  • Feb 23, 2016 4:02pm Feb 23, 2016 4:02pm
Quoting Davit
{quote} Everything was fine at Fri close but London Mayor's remarks killed the momentum and reversed. He is popular but GB will stay in EU.This was market taking out weak longs. regards
Hi Davit it was but if you can look back and match up on the day chart the 10 20 emas did cross last week to give early indication that it could go long but they have now crossed again ,see if this 161% works out below 3940 i would say .regards B
  • #425,104
  • Feb 23, 2016 4:05pm Feb 23, 2016 4:05pm
Quoting Darkforce
{quote} Wonder anyone entered long on that Friday evening spike? I certainly wouldn't. But the news of David Cameron get the EU deal sounded so promising.
Hi D any entry friday should of been tight sl as it would of been a bet trade with the goings on at this time, the short bet would of been a belter,lol regards B
  • #425,105
  • Feb 23, 2016 4:09pm Feb 23, 2016 4:09pm
Quoting Davit
{quote} Everything was fine at Fri close but London Mayor's remarks killed the momentum and reversed. He is popular but GB will stay in EU.This was market taking out weak longs. regards
Boris Johnson is a opportunist, I don't know exactly what his agenda is, but certainly he wants to replace David Cameron and he doesn't have the patience to wait until 2020.

I used to think he's special, but now he is just an average politician with an unfitting ambition and eager to cause destruction.
  • #425,106
  • Feb 23, 2016 4:12pm Feb 23, 2016 4:12pm
Quoting elbert3
{quote} Hi D any entry friday should of been tight sl as it would of been a bet trade with the goings on at this time, the short bet would of been a belter,lol regards B
Not sure what happens to the SL is held over the weekend, due to the big gap, 136 pips on my chart, I reckon some broker will take 136 pips as loss even if your SL is less than 136 pips
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  • #425,107
  • Feb 23, 2016 4:12pm Feb 23, 2016 4:12pm
Quoting Darkforce
{quote} Boris Johnson is a opportunist, I don't know exactly what his agenda is, but certainly he wants to replace David Cameron and he doesn't have the patience to wait until 2020. I used to think he's special, but now he is just an average politician with an unfitting ambition and eager to cause destruction.
He played it cagey till last min ,we should get his acc looked into see if he sold gb 2 mins before fx close time lol then made that anoucement
  • #425,108
  • Feb 23, 2016 4:14pm Feb 23, 2016 4:14pm
Quoting Darkforce
{quote} Not sure what happens to the SL is held over the weekend, due to the big gap, 136 pips on my chart, I reckon some broker will take 136 pips as loss even if your SL is less than 136 pips {image}
See how far away price was at the top from your emas. I never like that, as they have to meet again .?
  • #425,109
  • Feb 23, 2016 4:18pm Feb 23, 2016 4:18pm
Come on gb, ppips up now on the swap have to watch any res now to possible short ,but in need of sleep, might just sl on a few pips and one hast target 20 pips over the gap 4225 ? I am just putting 3980 order on to night all
  • #425,110
  • Feb 23, 2016 4:20pm Feb 23, 2016 4:20pm
141 500 revised long target .. just my 2 cents worth btw ..
  • #425,111
  • Feb 23, 2016 4:22pm Feb 23, 2016 4:22pm
Quoting elbert3
{quote} See how far away price was at the top from your emas. I never like that, as they have to meet again .?
dont know where and dont know when but sure they will meet again some ...... well hard to resist lol

just added another long 140 200
  • #425,112
  • Feb 23, 2016 4:25pm Feb 23, 2016 4:25pm
Quoting dean1star
{quote} dont know where and dont know when but sure they will meet again some ...... well hard to resist lol just added another long 140 200
Lol night D gl, see you at the gap .
  • #425,113
  • Feb 23, 2016 4:58pm Feb 23, 2016 4:58pm
Quoting elbert3
{quote} He played it cagey till last min ,we should get his acc looked into see if he sold gb 2 mins before fx close time lol then made that anoucement
Lol, if so he should spent the rest of his life in the cell
  • #425,114
  • Feb 23, 2016 5:02pm Feb 23, 2016 5:02pm
Quoting elbert3
{quote} See how far away price was at the top from your emas. I never like that, as they have to meet again .?
Price is about 350 pips from all the longer MAs I am watching, normally there should be some retracement trade, but since the situation is quite chaotic, I wouldn't bet on it.
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  • #425,115
  • Feb 23, 2016 5:21pm Feb 23, 2016 5:21pm
Multi year lows and sitting right off a major '00'.. With unfinished business c300 pips north (the Sunday open gap)

Time to feather in a long entry but knowing Cable's magnetic behaviour to the '00''s a run through 1.40 won't come as a surprise; if / when that occurs I'll add in
  • #425,116
  • Feb 23, 2016 5:48pm Feb 23, 2016 5:48pm
i will add a big buy position at 1.5635-45 region. good level to buy
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  • #425,117
  • Feb 23, 2016 6:25pm Feb 23, 2016 6:25pm
Took a long from 1.4, taget 1.4177, feels like I will be furked around London open, so whhat. Off to bed, ciao!
  • #425,118
  • Feb 23, 2016 7:47pm Feb 23, 2016 7:47pm
Quoting Darkforce
{quote} Not sure what happens to the SL is held over the weekend, due to the big gap, 136 pips on my chart, I reckon some broker will take 136 pips as loss even if your SL is less than 136 pips {image}
A loss they will take at the 1st tick of the market -136 . a gain they will try and honor the tgt if its less than the 1st tick of the market , ya have to argue to have them do it right , most brokers are getting better at it tho
  • #425,119
  • Feb 23, 2016 8:16pm Feb 23, 2016 8:16pm
Good to keep an old monthly chart around , not sure when I put the parallel lines on but it may not be far off. could be about 340 pips or so away from one hell of a long trade , counting down pip by pip lol, hope everybody is not trying to fight this too hard or better yet just short . cheers all .
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  • #425,120
  • Feb 23, 2016 9:46pm Feb 23, 2016 9:46pm
I am just trading the EU and USD/CAD until the GU starts to level off and transition back into an uptrend, either that... Or play it long if it crashes. It's bee-lining for those very long term lows at the moment... If it doesn't stop, it could be there in days.

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"Don't fear a bubble until it starts to burst."
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