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Cable Update (GBPUSD)

  • #431,581
  • May 30, 2016 10:26am May 30, 2016 10:26am
Quoting HaLBot
{quote} So what to look for at the London fix, does anything important happen on normal trading days?
It's usually the most volatile time of day on cable as this is when the big guys settle up between themselves.

This might help http://www.investopedia.com/articles...p?adtest=view4
  • #431,582
  • May 30, 2016 10:27am May 30, 2016 10:27am
Quoting adetola99
{quote} sorry for that mistake London is not open for today.thanks for the correction
No worries have a good day.
  • #431,583
  • May 30, 2016 10:29am May 30, 2016 10:29am
Quoting claudia1
{quote} It's usually the most volatile time of day on cable as this is when the big guys settle up between themselves. This might help http://www.investopedia.com/articles...p?adtest=view4
Cheers claudia will check it out, might have to adjust my sleep patterns to be up at that time during the working week cause over here in Australia it's 1.00am....
Don't Leave Money on the Table
  • #431,584
  • May 30, 2016 10:32am May 30, 2016 10:32am
Quoting HaLBot
{quote} Cheers claudia will check it out, might have to adjust my sleep patterns to be up at this that time during the week cause over here in Australia it's 1.00am....
lol go to sleep - it's quite a long article but worth the time.
  • #431,585
  • May 30, 2016 10:37am May 30, 2016 10:37am
Quoting claudia1
{quote} lol go to sleep - it's quite a long article but worth the time.
hahahahahhaha.....yeah can't read it now I'm going crosseyed:nerd:, yep got to sleep, thanks and seeya
Don't Leave Money on the Table
  • #431,586
  • May 30, 2016 10:38am May 30, 2016 10:38am
happy trading all...
Don't Leave Money on the Table
  • #431,587
  • May 30, 2016 10:48am May 30, 2016 10:48am
Just a trend-count view:

Attached Image (click to enlarge)
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...
  • #431,588
  • May 30, 2016 10:58am May 30, 2016 10:58am
Done for today 12 pips up, still will meet tomorrow when we try to take over the world again or trading lol it bye for now
  • #431,589
  • May 30, 2016 11:24am May 30, 2016 11:24am
Worth to read on Referendum Polls: http://whatukthinks.org/eu/opinion-polls/poll-of-polls/
As we become closer to June 23rd, the variance between the Yes and No camps will shorten, which will have a direct impact on GBP: a free fall (my guess up to 1000 pips!)
  • #431,590
  • May 30, 2016 11:47am May 30, 2016 11:47am
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Attached Image
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #431,591
  • May 30, 2016 8:13pm May 30, 2016 8:13pm
Quoting Bicarus
{quote} short closed. long looking for for retest of friday's open
bam! long/short closed
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  • #431,592
  • May 30, 2016 8:31pm May 30, 2016 8:31pm
​What has happened in the past 8 hours?
  • #431,593
  • May 30, 2016 8:50pm May 30, 2016 8:50pm
Quoting Donny_aw
​What has happened in the past 8 hours?
order flow. as i said previously. bank holidays doesnt mean that banks aint active. in fact it gives them more time to prop trade
  • #431,594
  • May 30, 2016 9:08pm May 30, 2016 9:08pm
Brexit - latest ORB poll
Attached Image
  • #431,595
  • May 31, 2016 12:49am May 31, 2016 12:49am
Quoting Donny_aw
​What has happened in the past 8 hours?
Seems no Brexit in preliminary poll!!!
  • #431,596
  • May 31, 2016 1:13am May 31, 2016 1:13am
Quoting Dr.Zain
{quote} Seems no Brexit in preliminary poll!!!
Latest ORB poll sent cable soaring during asian session, shame I could have traded it when it was at 4640.....ahhhh well plenty more pips to come

My day job truly gets in the way of these great trades, need to hurry up and get good at trading so I can ditch it....
Don't Leave Money on the Table
  • #431,597
  • May 31, 2016 1:18am May 31, 2016 1:18am
5ema is at 4675 on hourly, above that I think it's clear sailing back above 4700........oh yeah

It's well above daily PP at 4621 and just below hourly PP at 4681

I'm long at 4675, I expect it to rise but will keep an eye on it because after the rally during the asian session could be some profit taking...
Don't Leave Money on the Table
  • #431,598
  • May 31, 2016 1:41am May 31, 2016 1:41am
The GBPUSD may stay consolidated between the 1.4600 and the 1.4700 level, but if the upcoming US fundamentals come out better than expected, it may break the 1.4600 level to the downside.
  • #431,599
  • Edited 2:05am May 31, 2016 1:47am | Edited 2:05am
Quoting HaLBot
5ema is at 4675 on hourly, above that I think it's clear sailing back above 4700........oh yeah It's well above daily PP at 4621 and just below hourly PP at 4681 I'm long at 4675, I expect it to rise but will keep an eye on it because after the rally during the asian session could be some profit taking...

Closed out for a massive 4 pips LOL but hey 4 pips positive is a whole lot better than 4 pips negative......have to wait for a bit for direction

Long again at 4638....I find it difficult to short the market but that move down 50 pips would have been a nice trade...
Don't Leave Money on the Table
  • #431,600
  • May 31, 2016 2:04am May 31, 2016 2:04am
that 50 pip swing down before London open:o
The only true wisdom is in knowing you know nothing.
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