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The Swamp

  • #5,341
  • May 19, 2016 12:50am May 19, 2016 12:50am
Quoting fxvina
i'm short gold 1262.20
closed gold 1253.20
fxvina
  • #5,342
  • May 19, 2016 2:22am May 19, 2016 2:22am
Quoting fxvina
{quote} closed gold 1253.20
  • #5,343
  • May 19, 2016 2:41am May 19, 2016 2:41am
short gbpusd 1.4592
fxvina
  • #5,344
  • May 19, 2016 2:49am May 19, 2016 2:49am
Quoting fxvina
short gbpusd 1.4592
wow! interesting short.
  • #5,345
  • May 19, 2016 3:50am May 19, 2016 3:50am
Quoting lancedes
{quote} I expect GJ to continue to 162.50 at least, if not all the way to 164. There's very little in its path between here and there (daily). I'll sell between those two levels.

Thanks lance for sharing your view. I guess you are right, didnt expect it to reach 161.00 yet alone 162.xx s but the momentum is there.
  • #5,346
  • May 19, 2016 3:52am May 19, 2016 3:52am
Quoting Connors
{quote} Thanks lance for sharing your view. I guess you are right, didnt expect it to reach 161.00 yet alone 162.xx s but the momentum is there.
This smash on retail sales can only fuel further. And continued support for Bremain too. Is JPY the best currency to long GBP against though? maybe AUD and NZD also come into the picture???
  • #5,347
  • May 19, 2016 3:55am May 19, 2016 3:55am
Quoting lancedes
{quote} This smash on retail sales can only fuel further. And continued support for Bremain too. Is JPY the best currency to long GBP against though? maybe AUD and NZD also come into the picture???
Bremain ? If that's a reference to Britain remaining in EU- the polls said 55% out and 33% in ?
  • #5,348
  • May 19, 2016 4:05am May 19, 2016 4:05am
Quoting lancedes
{quote} This smash on retail sales can only fuel further. And continued support for Bremain too. Is JPY the best currency to long GBP against though? maybe AUD and NZD also come into the picture???

Never traded AUD and NZD before man, I probably picked the wrong time to trade GBPJPY, this is for me testing the water tbh. I am fed up with the lack of volatility of EURUSD and started looking elsewhere. Not easy neither.. Let me know when you see a trade set up with AUD and NZD please, I will start looking at the charts of them and try to get a feeling how PA acts.
  • #5,349
  • May 19, 2016 4:19am May 19, 2016 4:19am
Quoting Don96
{quote} Bremain ? If that's a reference to Britain remaining in EU- the polls said 55% out and 33% in ?
https://ig.ft.com/sites/brexit-polling/

Hey Don, I think you'll find you've got those numbers the wrong way around. There is a lot of movement in what these polls say, though, but they seem to consistently give remain a slender lead. And this is what is largely fueling the GBP up move. It can change very quickly though, as we know. try keep an eye on the Ipsos Mori polls, as those seem to be the most reliable.
  • #5,350
  • May 19, 2016 4:23am May 19, 2016 4:23am
Quoting Connors
{quote} Never traded AUD and NZD before man, I probably picked the wrong time to trade GBPJPY, this is for me testing the water tbh. I am fed up with the lack of volatility of EURUSD and started looking elsewhere. Not easy neither.. Let me know when you see a trade set up with AUD and NZD please, I will start looking at the charts of them and try to get a feeling how PA acts.
Trading any GBP is tough atm, with Brexit in the equation. I mean, against AUD its rallied 2000 pips of late. gotta be a top somewhere, ya'd think. One should be able to see that forming in the chart though, coz it wont just turn around abruptly when it does. Will need to see a slowing of buying, and then the sellers moving in after that
  • #5,351
  • May 19, 2016 4:25am May 19, 2016 4:25am
Quoting lancedes
{quote} https://ig.ft.com/sites/brexit-polling/ Hey Don, I think you'll find you've got those numbers the wrong way around. There is a lot of movement in what these polls say, though, but they seem to consistently give remain a slender lead. And this is what is largely fueling the GBP up move. It can change very quickly though, as we know. try keep an eye on the Ipsos Mori polls, as those seem to be the most reliable.
Yeah I thought they seemed wrong - that's why I put a ? at the end of the sentence cheers for the correction - I hope the numbers change and we leave tbh
  • #5,352
  • May 19, 2016 4:26am May 19, 2016 4:26am
Quoting lancedes
{quote} Trading any GBP is tough atm, with Brexit in the equation. I mean, against AUD its rallied 2000 pips of late. gotta be a top somewhere, ya'd think. One should be able to see that forming in the chart though, coz it wont just turn around abruptly when it does. Will need to see a slowing of buying, and then the sellers moving in after that

  • #5,353
  • May 19, 2016 4:29am May 19, 2016 4:29am
But then come referendum time, close all positions either way? I can imagine price becoming very volatile weeks and days ahead being influenced more by polls and bookie odds than actual fundamentals.
Don't get mad, get even!
  • #5,354
  • May 19, 2016 4:37am May 19, 2016 4:37am
Pending BUY
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A good trader follows his rules, but great trader knows when to break them
  • #5,355
  • May 19, 2016 4:50am May 19, 2016 4:50am
Quoting Connors
{quote}
Ken gives some advice on AUD crosses - GA - look at GU and AU to determine levels
so it would be something like if AU looks like its coming into support, and GU resistance then GA may have a sell signal... that's a basic example

for example on GJ atm I'm waiting on 162.25 - and 161.75 for short, GU looks like its coming to a res area and UJ same - (I'm already short UJ) GU may have more room up with could help GJ get to those levels. also a little look left on GJ and youll see where I'm at
  • #5,356
  • May 19, 2016 4:50am May 19, 2016 4:50am
Quoting gatorinla
{quote} need to keep above the attraction to 109.55. i dont think it will be easy.. below 109.55 may make it impossible for a while
109.55 ish in the middle
Attached Image
those who can, do. those who cant, talk about those who can
  • #5,357
  • May 19, 2016 4:57am May 19, 2016 4:57am
Quoting lancedes
{quote} https://ig.ft.com/sites/brexit-polling/ Hey Don, I think you'll find you've got those numbers the wrong way around. There is a lot of movement in what these polls say, though, but they seem to consistently give remain a slender lead. And this is what is largely fueling the GBP up move. It can change very quickly though, as we know. try keep an eye on the Ipsos Mori polls, as those seem to be the most reliable.
You're right, Don did have the numbers the wrong way round and it was an Ipsos/Mori poll for the Evening Standard which gave those results - 55% in v 33% Out - explaining part of the move in the GBP yesterday.
  • #5,358
  • May 19, 2016 5:04am May 19, 2016 5:04am
Quoting gatorinla
{quote} 109.55 ish in the middle {image}
Light bulb just went on. I appreciate that chart more than you know.
  • #5,359
  • May 19, 2016 5:08am May 19, 2016 5:08am
s&p and dow futures on the edge again. oil still lower on the strong usd, brent may find support 47.35 ish(guess).. i missed 56.22 so far
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #5,360
  • May 19, 2016 5:09am May 19, 2016 5:09am
Quoting ill_be_back
Pending BUY {image}
wow great trade you have here but you will stay glued to you screen because I can see you are buying the dip.I am not comfortable with buying pounds now so I will sell from 162.20 area for GJ or 4716 for cable. Looks unrealistic but am expecting to enter in 4hrs.What's ur take on E,GBP want to buy and sleep
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