Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#431,221
May 24, 2016 2:33am May 24, 2016 2:33am

HaLBot
Joined Jan 2016 | Status: Trader | 5,200 Posts

UK news out in 1 hour and Carney 1.5 hours...

Don't Leave Money on the Table

#431,222
May 24, 2016 2:36am May 24, 2016 2:36am

HaLBot
Joined Jan 2016 | Status: Trader | 5,200 Posts

Rise in Nikkei and Dow fueling Cable and price well above Daily PP of 4490

Don't Leave Money on the Table

#431,223
May 24, 2016 2:48am May 24, 2016 2:48am

adetola99
Joined Sep 2009 | Status: Trader | 290 Posts

Quoting HaLBot

Disliked

I'd be careful about expecting a decline.....due diligence required whether up or down

Ignored

I am with you on this

#431,224
May 24, 2016 2:49am May 24, 2016 2:49am

HaLBot
Joined Jan 2016 | Status: Trader | 5,200 Posts

Yeah I asked for a rally, and they gave 50 pips so far.....LOL

Don't Leave Money on the Table

#431,225
May 24, 2016 2:52am May 24, 2016 2:52am

adetola99
Joined Sep 2009 | Status: Trader | 290 Posts

I Guess they always know what to do and you are always right with your point

#431,226
May 24, 2016 2:59am May 24, 2016 2:59am

HaLBot
Joined Jan 2016 | Status: Trader | 5,200 Posts

Quoting adetola99

Disliked

I Guess they always know what to do and you are always right with your point

Ignored

No way, not always right but I did see that yesterdays Daily candle was an indecision candle so market could go either way and 4hr candles were gradually rising so possibility of bull run, and then rises on Dow and Nikkei fueled Cable

Because stronger Nikkei means weaker Yen, drives up Dollar and Cable as yen is a safe haven currency, so weaker yen means it's a risk on day.....oh yeah....

Don't Leave Money on the Table

#431,227
May 24, 2016 3:08am May 24, 2016 3:08am

HaLBot
Joined Jan 2016 | Status: Trader | 5,200 Posts

Just goes to show it's no over till it's over, one very lucky Buffalo

Inserted Video

Don't Leave Money on the Table

#431,228
May 24, 2016 3:11am May 24, 2016 3:11am

KucinkGaronk
| Joined Sep 2015 | Status: Trader | 109 Posts

Quoting HaLBot

Disliked

{quote} Why is that, because 4hr building a flag pattern???? {image}

Ignored

you just see the move a bit right?...

#431,229
May 24, 2016 3:19am May 24, 2016 3:19am

HaLBot
Joined Jan 2016 | Status: Trader | 5,200 Posts

Quoting HaLBot

Disliked

"Rally Rally Rally" "Whata want" "A Rally" "When do you want it!" "NOW!!!!!!!"..........LOL

Ignored

Kucink I demanded a rally, and they gave one....

I didn't know it was going to rally just had a feeling it would...glad to be right this time..

Don't Leave Money on the Table

#431,230
May 24, 2016 3:21am May 24, 2016 3:21am

adetola99
Joined Sep 2009 | Status: Trader | 290 Posts

Quoting HaLBot

Disliked

{quote} No way, not always right but I did see that yesterdays Daily candle was an indecision candle so market could go either way and 4hr candles were gradually rising so possibility of bull run, and then rises on Dow and Nikkei fueled Cable Because stronger Nikkei means weaker Yen, drives up Dollar and Cable as yen is a safe haven currency, so weaker yen means it's a risk on day.....oh yeah....

Ignored

I guess you should be a mentor on this forum because I look at your view on the market flow and I made 40 pips. I was about to short when I saw your post so I had to look at the chart again and I went long and it pays thank you

#431,231
May 24, 2016 3:22am May 24, 2016 3:22am

HaLBot
Joined Jan 2016 | Status: Trader | 5,200 Posts

Quoting adetola99

Disliked

{quote} I guess you should be a mentor on this forum because I look at your view on the market flow and I made 40 pips. I was about to short when I saw your post so I had to look at the chart again and I went long and it pays thank you

Ignored

That's bloody awesome

Yeah I grabbed 40 too, makes up for drop yesterday when I went backwards because I didn't expect it to drop so much, always expect unexpected with cable, I noticed a lot of trading houses were caught by sudden sell of from 4664, saying they didn't expect it.

Don't Leave Money on the Table

#431,232
May 24, 2016 3:29am May 24, 2016 3:29am

KucinkGaronk
| Joined Sep 2015 | Status: Trader | 109 Posts

Quoting HaLBot

Disliked

{quote} Kucink I demanded a rally, and they gave one.... I didn't know it was going to rally just had a feeling it would...glad to be right this time..

Ignored

I read somewhere, that brexit poll is the reasn for the jump, last time it is jump 200 Pips, brexit the sentiment used by bigboys to shake Pound..
Seems like your rally have strong reason now

#431,233
May 24, 2016 3:36am May 24, 2016 3:36am

adetola99
Joined Sep 2009 | Status: Trader | 290 Posts

yes I was in the long yesterday but I was saved by using my reversal move to get back my negative trade

#431,234
May 24, 2016 3:37am May 24, 2016 3:37am

HaLBot
Joined Jan 2016 | Status: Trader | 5,200 Posts

Quoting KucinkGaronk

Disliked

{quote} I read somewhere, that brexit poll is the reasn for the jump, last time it is jump 200 Pips, brexit the sentiment used by bigboys to shake Pound.. Seems like your rally have strong reason now

Ignored

There could be something in that...Brexit but also look at rallys in Nikkei and Dow today and you'll see they pretty much mirror GU GP and UJ, means it's a risk-on day, meaning investors are more likely to buy riskier assets like the Pound...
One of my favourite times to buy cable when Eur/Gbp is plummeting and GU, GP and UJ are all rallying, guaranteed to make money in my books....

Don't Leave Money on the Table