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Cable Update (GBPUSD)

  • #431,841
  • Jun 3, 2016 9:44am Jun 3, 2016 9:44am
Quoting adetola99
{quote} same with eurgbp still have space to fill
eurgbp is filling up almost getting to R3
  • #431,842
  • Jun 3, 2016 9:50am Jun 3, 2016 9:50am
yep I got confirmed buy
Attached Image (click to enlarge)
Click to Enlarge Name: GBPLFXWeekly.png Size: 16 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #431,843
  • Jun 3, 2016 1:06pm Jun 3, 2016 1:06pm
Quoting primzvicious
taking counter long here... sl @ 1.5900
I'd Sell here after candle closing.
  • #431,844
  • Jun 3, 2016 1:12pm Jun 3, 2016 1:12pm
How come confirmed buy!!!!,, and the candle is bearish engulfing???..
if I were you I'D sell after candle close and to see, if it close below then am in selling mode.
  • #431,845
  • Jun 3, 2016 3:10pm Jun 3, 2016 3:10pm
Quoting el_duende
Near term on daily chart I see a 75% chance of a short day tomorrow.​ Therefore I will hold yesterdays short @ 1.4462 Targeting 1.4350
Bloody NFP scuppered that perfectly good trade Should have took the 60 pips just before the news announcement instead got B/E.​

Broke my own rules of capital preservation and avoiding risk by keeping the trade on.

The market is always right and gives you a good kicking when you deserve it
  • #431,846
  • Jun 3, 2016 4:37pm Jun 3, 2016 4:37pm
Quoting dean1star
FXCM add an extra pip on the rate to spread bet so pound dollar is usually around 1.7 on the spread for the spread betting.
Hi Dean,

To clarify, while FXCM does add a fixed markup to forex spreads for spread betting accounts, these spreads are all-inclusive meaning there is no separate commission. (This is to comply with regulations which prohibit the charging of separate commissions on spread betting accounts.) By contrast, FXCM charges a commission on top of the raw FX spreads available to standard accounts.

That means, your total transaction cost is similar whether you trade a spread betting account or a non-spread betting account with FXCM. The only difference between the two is that, because of the UK spread betting tax code, UK and Ireland residents can enjoy tax-free trading. As you've already noted, the UK tax treatment of your financial betting activities depends on your individual circumstances and may be subject to change in the future, or may differ in other jurisdictions.
  • #431,847
  • Jun 3, 2016 5:12pm Jun 3, 2016 5:12pm
What the heck is Yellen going to say on Monday.

Last Friday she said that "interest rates were probably going to rise in the coming months".

Employment figures was the main thing that the Fed was looking at to determine interest rate rises.

These figures were really poor - last month they were down- and now hammered. Even taking into account the strike

We know Yellen is a dove at heart

There is no chance of a rise in June or July - not until these figures are back on track.

Buying dips on GU on Monday-

Looking forward to hearing what she has got to say about this.
  • #431,848
  • Jun 3, 2016 6:16pm Jun 3, 2016 6:16pm
They are going to try to blame the delay on Brexit on June 23rd, oh man the GBP pairs are about to become a warzone and pound pears are already volatile as it is.
  • #431,849
  • Jun 3, 2016 9:16pm Jun 3, 2016 9:16pm
Quoting dean1star
staying in just in case - if you know what i mean {image}
Hi Dean,

Curious what system is those green-red-blue boxes on the chart if you don't mind, are they market sessions high -lows?

Thanks
...
  • #431,850
  • Jun 4, 2016 1:50am Jun 4, 2016 1:50am
Quoting inRoozaan
{quote} Hi Dean, Curious what system is those green-red-blue boxes on the chart if you don't mind, are they market sessions high -lows? Thanks
here you go ....
Attached File(s)
File Type: ex4 Sessions - Ahsan.ex4   9 KB | 280 downloads
  • #431,851
  • Jun 4, 2016 1:54am Jun 4, 2016 1:54am
Quoting el_duende
{quote} Bloody NFP scuppered that perfectly good trade Should have took the 60 pips just before the news announcement instead got B/E.​ Broke my own rules of capital preservation and avoiding risk by keeping the trade on. The market is always right and gives you a good kicking when you deserve it
yeh right and the euro tanked what almost 200 pips lol ..
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m5-oanda-division4.png Size: 45 KB
  • #431,852
  • Jun 5, 2016 11:20am Jun 5, 2016 11:20am
In my opinion, GBPUSD will test the 1.41 again, potentially breaking the support before the referendum.
I am 50% sure of what I just said.
  • #431,853
  • Jun 5, 2016 12:28pm Jun 5, 2016 12:28pm
Quoting AlphaSwan
In my opinion, GBPUSD will test the 1.41 again, potentially breaking the support before the referendum.
It might do so or it might not do so but what is equally important is that those traders who are looking for range bound moves in the pair will be in for a surprise soon
FXOpen - International True ECN Broker
  • #431,854
  • Jun 5, 2016 12:28pm Jun 5, 2016 12:28pm
https://www.poundsterlinglive.com/gb...id-bookie-odds
  • #431,855
  • Jun 5, 2016 12:49pm Jun 5, 2016 12:49pm
Gu might go up for rank (s) as i marked it here about 20 to 30 pips ( 200 to 300 points ) /

then it will go down as suggested by the time frame 5 min... It might reach 500 points = 50 pips down this monday


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 43 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #431,856
  • Jun 5, 2016 2:09pm Jun 5, 2016 2:09pm
Quoting Dano12
https://www.poundsterlinglive.com/gb...id-bookie-odds
Then why is Bloomberg saying otherwise?

Today’s Brexit Likelihood Score
22% chance of Brexit


http://www.bloomberg.com/graphics/2016-brexit-watch/
I am 50% sure of what I just said.
  • #431,857
  • Jun 5, 2016 4:26pm Jun 5, 2016 4:26pm
Wishing u all a great trading week.
Okay Cable Maybe???? I am still observing with my eyes on 1.473X.....
Attached Image (click to enlarge)
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Trading Eternal...... Shiny & Chrome!!!!
  • #431,858
  • Jun 5, 2016 4:36pm Jun 5, 2016 4:36pm
Hello to all
There is a gap that occur in G/U 47pip gap in the opening of market now is it going to full it up or going down?
  • #431,859
  • Jun 5, 2016 4:44pm Jun 5, 2016 4:44pm
Quoting tolex55
Hello to all There is a gap that occur in G/U 47pip gap in the opening of market now is it going to full it up or going down?
Hi tolex55

Too early to draw conclusions, but for the medium and long term is still up - IMO

Good luck
Libenter homines id quod volunt credunt
  • #431,860
  • Jun 5, 2016 4:46pm Jun 5, 2016 4:46pm
Daily Telegraph poll- 9% remain - 61% leave

Big sell say about 7am before London opens

Difference has never been this wide

When Yellen starts talking about 5.00 GMT looking at reversing-as she must surely talk about putting any rate increases on hold

She is a dove anyway

Good luck
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