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Cable Update (GBPUSD)

h4 double top
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+50

Got out earlier :/

Fib, 50 to 0.
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The only true wisdom is in knowing you know nothing.
why there was a sudden +100 pips drop? there was no news at the time it happened.
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
Quoting NotMe
why there was a sudden +100 pips drop? there was no news at the time it happened.
Indeed there was one..
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Alex
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?
what reason GBP drop ...?
Libenter homines id quod volunt credunt
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 ?
Quoting alexx90
{quote} Indeed there was one.. {image} Alex
i think that had no effect at all
Yea, seems to be tons of manipulation. A week Bremain another week Brexit.
The only true wisdom is in knowing you know nothing.
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
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
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
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.
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.
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.
GBP has fallen
Quoting mbahbejo
GBP has fallen
not until it falls to 1.3xxx.
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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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