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Cable Update (GBPUSD)

  • #425,961
  • Mar 9, 2016 2:06am Mar 9, 2016 2:06am
lomg, 1st target 1.427
  • #425,962
  • Mar 9, 2016 2:26am Mar 9, 2016 2:26am
GBP Industrial Production m/m 0.6% forecast

-1.1% was previous.

So february is estimated at 0.6 percent and january was - 1/1 percent

in the month of feb does anyone really believe that we caught up so much to be near to the forecast thats a 0.7 percent increase in the month of february - guess best to make ones own conclusions?

but then again how many times have we seen news results igorned too ..
  • #425,963
  • Mar 9, 2016 2:42am Mar 9, 2016 2:42am
dean we rallied on red numbers last week, so I'd say just ignore the fundies for now.
  • #425,964
  • Mar 9, 2016 2:54am Mar 9, 2016 2:54am
gbp/usd 1h buy
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he, alone, was to blame for his losses in the zero-sum game
  • #425,965
  • Mar 9, 2016 2:54am Mar 9, 2016 2:54am
Quoting asgcorp
dean we rallied on red numbers last week, so I'd say just ignore the fundies for now.
I agree. Last week's fundamentals didn't count in price action.
  • #425,966
  • Mar 9, 2016 2:55am Mar 9, 2016 2:55am
Quoting asgcorp
watch out for H4 GU channel upside breakout. {image}
this in play now.
  • #425,967
  • Mar 9, 2016 3:06am Mar 9, 2016 3:06am
20 pips closed on yesterdays long .. gonna wait, take coffee lol and see on the next move
  • #425,968
  • Mar 9, 2016 3:08am Mar 9, 2016 3:08am
Quoting Bicarus
lomg, 1st target 1.427
s/l @ entry. risk free trade. ride it baby
  • #425,969
  • Mar 9, 2016 3:10am Mar 9, 2016 3:10am
Expecting a move up soon!
  • #425,970
  • Mar 9, 2016 3:10am Mar 9, 2016 3:10am
4410 today anyone?
  • #425,971
  • Mar 9, 2016 3:13am Mar 9, 2016 3:13am
I took USD$1,300 in profits and i will wait for next news to come out and see what PA

4:30amGBPManufacturing Production m/m0.2%-0.2%
GBPIndustrial Production m/m
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he, alone, was to blame for his losses in the zero-sum game
  • #425,972
  • Mar 9, 2016 3:16am Mar 9, 2016 3:16am
Quoting asgcorp
4410 today anyone?
​
Pretty sure good news from UK manufacturing will make pound go higher but I don't think it will go that far today
Letting losses run is the most serious mistake made by most investors.
  • #425,973
  • Mar 9, 2016 3:16am Mar 9, 2016 3:16am
Quoting comoestas
I took USD$1,300 in profits and i will wait for next news to come out and see what PA 4:30amGBPManufacturing Production m/m0.2%-0.2% GBPIndustrial Production m/m {image}
good profits, still I'd rather get in before news, which I actually did by going long GU via short EUGU yesterday.
  • #425,974
  • Mar 9, 2016 3:23am Mar 9, 2016 3:23am
Quoting asgcorp
4410 today anyone?
Do not know the pair is stalling again @ the 50-day moving average, the last two times it tested the 50-day moving average in February the pair sold off. So until i see a clean close above the 50-day moving average for me is a no go.
  • #425,975
  • Mar 9, 2016 3:27am Mar 9, 2016 3:27am
Quoting comoestas
{quote} holding long before news comes out is too risky for me. i had lost for doing that before. i learned from it.
trade what you see on the chart not what you get in the news bro and you would do good.
  • #425,976
  • Mar 9, 2016 3:32am Mar 9, 2016 3:32am
Manufacturing Production m/m 0.7% ; still no increase in liquidity, strange​​​​
Letting losses run is the most serious mistake made by most investors.
  • #425,977
  • Mar 9, 2016 3:33am Mar 9, 2016 3:33am
Quoting amonshi
Manufacturing Production m/m 0.7% ; still no increase in liquidity, strange​​​​
wait
  • #425,978
  • Mar 9, 2016 3:56am Mar 9, 2016 3:56am
ok it's stalled H4 to close in 4 minutes and no action. you are right. done for today GU most likely.
  • #425,979
  • Mar 9, 2016 4:01am Mar 9, 2016 4:01am
Quoting asgcorp
ok it's stalled H4 to close in 4 minutes and no action. you are right. done for today GU most likely.
Btw ASG - where abouts in russia are you its a big place - have lots of contacts out there .. todays move might not be over just yet
  • #425,980
  • Mar 9, 2016 4:14am Mar 9, 2016 4:14am
Quoting dean1star
{quote} Btw ASG - where abouts in russia are you its a big place - have lots of contacts out there .. todays move might not be over just yet
I agree. We have only a 50 pips move. Another 100 waiting.
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