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Cable Update (GBPUSD)

  • #431,641
  • May 31, 2016 9:46am May 31, 2016 9:46am
h4 double top
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  • #431,642
  • May 31, 2016 9:48am May 31, 2016 9:48am
+50

Got out earlier :/

Fib, 50 to 0.
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The only true wisdom is in knowing you know nothing.
  • #431,643
  • May 31, 2016 9:51am May 31, 2016 9:51am
why there was a sudden +100 pips drop? there was no news at the time it happened.
  • #431,644
  • May 31, 2016 9:53am May 31, 2016 9:53am
Quoting NotMe
why there was a sudden +100 pips drop? there was no news at the time it happened.
http://www.forexfactory.com/news.php?do=news&id=593054
  • #431,645
  • May 31, 2016 9:59am May 31, 2016 9:59am
Quoting NotMe
why there was a sudden +100 pips drop? there was no news at the time it happened.
Indeed there was one..
Attached Image (click to enlarge)
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Alex
  • #431,646
  • May 31, 2016 10:10am May 31, 2016 10:10am
Quoting alexx90
{quote} Indeed there was one.. {image} Alex
But that is bad for USD not for GBP, Why did the pound drop so drastically?
  • #431,647
  • May 31, 2016 10:12am May 31, 2016 10:12am
what reason GBP drop ...?
Libenter homines id quod volunt credunt
  • #431,648
  • May 31, 2016 10:12am May 31, 2016 10:12am
Quoting Tim_isoara
{quote} http://www.forexfactory.com/news.php?do=news&id=593054
thanks, that explained it, how can we avoid (or use ) these type of news? which is not on the economic calendar ?
  • #431,649
  • May 31, 2016 10:13am May 31, 2016 10:13am
Quoting alexx90
{quote} Indeed there was one.. {image} Alex
i think that had no effect at all
  • #431,650
  • May 31, 2016 10:15am May 31, 2016 10:15am
Yea, seems to be tons of manipulation. A week Bremain another week Brexit.
The only true wisdom is in knowing you know nothing.
  • #431,651
  • May 31, 2016 10:17am May 31, 2016 10:17am
Someone said there wasn't any news, I only said there was one and pointed what news.
I don't trade fundamentals, my trade was not related to news.

Regards,
Alex
  • #431,652
  • May 31, 2016 10:18am May 31, 2016 10:18am
Quoting baliprada
what reason GBP drop ...?
GBP/USD back under pressure as poll shows the “leave” vote ahead
Read FX Street News at following link

http://www.fxstreet.com/news/gbp-usd...d-201605311457
  • #431,653
  • May 31, 2016 10:22am May 31, 2016 10:22am
Quoting arasheed
{quote} GBP/USD back under pressure as poll shows the leave vote ahead Read FX Street News at following link http://www.fxstreet.com/news/gbp-usd...d-201605311457

thanks arasheed
honest, I'm still confused
Libenter homines id quod volunt credunt
  • #431,654
  • May 31, 2016 10:31am May 31, 2016 10:31am
Quoting NotMe
{quote} thanks, that explained it, how can we avoid (or use ) these type of news? which is not on the economic calendar ?
You can not avoid.But they are rare.
  • #431,655
  • May 31, 2016 10:37am May 31, 2016 10:37am
No one Central Bank allows to drop their currency by one poll. My opinion is that CB simply shows to its citizens, what can be done if GB leaves EU.
  • #431,656
  • May 31, 2016 10:37am May 31, 2016 10:37am
Quoting NotMe
{quote} thanks, that explained it, how can we avoid (or use ) these type of news? which is not on the economic calendar ?
method 1:
use stoploss for protect margin call.

method 2: Technical Analyst , focus read at bigger timeframe .u will found the answer.
  • #431,657
  • May 31, 2016 10:54am May 31, 2016 10:54am
GBP has fallen
  • #431,658
  • May 31, 2016 10:58am May 31, 2016 10:58am
Quoting mbahbejo
GBP has fallen
not until it falls to 1.3xxx.
  • #431,659
  • May 31, 2016 11:06am May 31, 2016 11:06am
Attached Image (click to enlarge)
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  • #431,660
  • May 31, 2016 11:29am May 31, 2016 11:29am
Quoting HaLBot
{quote} I have 4hr clicking over now...
The time of the charts that you were refering to there align with NY close, which according to Nial Fuller is what you want.

http://www.learntotradethemarket.com...k-close-charts
Indentify > Plan > Accept > Execute
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