Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

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#431,941
Jun 6, 2016 11:30pm Jun 6, 2016 11:30pm

falconz13
| Joined Aug 2014 | Status: Trader | 125 Posts

Quoting HaLBot

Disliked

{quote} almost 200 pips move and I kept thinking I should buy in, but being asian session kept putting it of....

Ignored

224 for today. crazy movement

#431,942
Jun 6, 2016 11:32pm Jun 6, 2016 11:32pm

Pip-Miner
Joined Nov 2015 | Status: I'm hungry | 4,034 Posts

GBP/USD spikes on no news to briefly break above 1.4600 and trade with gains of over 1 point.... what caused it ? all good.

#431,943
Jun 6, 2016 11:33pm Jun 6, 2016 11:33pm

Rizal123
| Joined May 2016 | Status: Trader | 14 Posts

Quoting Pip-Miner

Disliked

GBP/USD spikes on no news to briefly break above 1.4600 and trade with gains of over 1 point.... what caused it ? all good.

Ignored

Been wondering myself too....just waiting to buy...but missed it...Atleast I got EURGBP short...better than nothing...lol

#431,944
Jun 6, 2016 11:34pm Jun 6, 2016 11:34pm

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

Quoting Pip-Miner

Disliked

GBP/USD spikes on no news to briefly break above 1.4600 and trade with gains of over 1 point.... what caused it ? all good.

Ignored

There's something in the news about Japan opposing brexit could have cause the surge.....maybe?

Don't Leave Money on the Table

#431,945
Jun 6, 2016 11:35pm Jun 6, 2016 11:35pm

iamawaited
| Joined May 2016 | Status: Big Bears All the Way! | 221 Posts

Quoting iamawaited

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Well here is what i THINK.... The essence of this method is to be very aggressive trading what you are only willing to lose. So i open an account, trade it up to three times the size, take out all the profit 2:3 and trade this way. Just my 5 cents. here is the demo account shot.. Profit Factor of 401 ehn??? a work in progress.... {image} {image}

Ignored

That stall level still holding.. will wait for hour close to see what happens...

Trading Eternal...... Shiny & Chrome!!!!

#431,946
Jun 6, 2016 11:36pm Jun 6, 2016 11:36pm

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

Quoting HaLBot

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{quote} There's something in the news about Japan opposing brexit could have cause the surge.....maybe?

Ignored

Actually might be a fat finger....hahahahaha

Don't Leave Money on the Table

#431,947
Jun 6, 2016 11:37pm Jun 6, 2016 11:37pm

gnajra
| Joined Apr 2016 | Status: Trader | 99 Posts

and that would be a freakishly huge niddle!

#431,948
Jun 6, 2016 11:38pm Jun 6, 2016 11:38pm

baliprada
Joined Jan 2011 | Status: . | 223 Posts

Anything related to RBA is not to raise rates...?

Libenter homines id quod volunt credunt

#431,949
Jun 6, 2016 11:44pm Jun 6, 2016 11:44pm

BDardenTrade
| Joined Feb 2014 | Status: Trader | 48 Posts

it could have been a stop run of ungodly magnitude....oddly a similar spike is in AUD for the interest rate...it like some deep pocketed entity killed its short in gbp to place it on AUD!?

#431,950
Jun 6, 2016 11:49pm Jun 6, 2016 11:49pm

baliprada
Joined Jan 2011 | Status: . | 223 Posts

Australia GDP is relatively good, but a lot of pressure to cut rates by 25 basis points ... I hope 1.4509x not broken to be support..

Libenter homines id quod volunt credunt

#431,951
Jun 6, 2016 11:57pm Jun 6, 2016 11:57pm

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

Quoting baliprada

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Australia GDP is relatively good, but a lot of pressure to cut rates by 25 basis points ... I hope 1.4509x not broken to be support..

Ignored

There was pressure from some quarters to cut rates but we had way better first quarter GDP figures that prevented the RBA from doing so.....here in Australia we survived the GFC because China was still buying our commodities and lots of them so while the world suffered we came through pretty much unscathed. It's true madness to cut rates down to zero because once your there you got no where to go.
Greenspan who knew the US economy would tank kept kicking the can down the road by lowering interest rates so the US economy wouldn't tank while he was in charge of things.....left it to the suckers that came after him

Don't Leave Money on the Table

#431,952
Jun 7, 2016 12:07am Jun 7, 2016 12:07am

baliprada
Joined Jan 2011 | Status: . | 223 Posts

Quoting HaLBot

Disliked

{quote} There was pressure from some quarters to cut rates but we had way better first quarter GDP figures that prevented the RBA from doing so.....here in Australia we survived the GFC because China was still buying our commodities and lots of them so while the world suffered we came through pretty much unscathed. It's true madness to cut rates down to zero because once your there you got no where to go. Greenspan who knew the US economy would tank kept kicking the can down the road by lowering interest rates so the US economy wouldn't tank while...

Ignored

Hi HaLBot

Thanks for the information, Australia has a pretty good economic resilience, for AUD I'm optimistic in the medium term (around 3-6 months ahead) will be in the range .77xxx-78xxx, just my opinion....everything can happen

Good luck

Libenter homines id quod volunt credunt

#431,953
Jun 7, 2016 12:14am Jun 7, 2016 12:14am

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

Quoting baliprada

Disliked

{quote} Hi HaLBot Thanks for the information, Australia has a pretty good economic resilience, for AUD I'm optimistic in the medium term (around 3-6 months ahead) will be in the range .77xxx-78xxx, just my opinion....everything can happen Good luck

Ignored

Actually I think Australia's economy will go to the wall eventually because of Dinosaur minded politicians over here whos pockets are being filled by those who represent oil and mining interests.
Came out just the other day that developing economies around the world are now outspending the west when it come to renewable energy sources therefore over the next few years there will be less and less people to sell our coal to.....it may be as you say Australia's economy is way more resistent than I give it credit for but our politicians couldn't organise a piss-up at brewery let alone manage an economy in a rapidly changing world.....interesting times ahead.....

Don't Leave Money on the Table

#431,954
Jun 7, 2016 12:30am Jun 7, 2016 12:30am

baliprada
Joined Jan 2011 | Status: . | 223 Posts

Quoting HaLBot

Disliked

{quote} Actually I think Australia's economy will go to the wall eventually because of Dinosaur minded politicians over here whos pockets are being filled by those who represent oil and mining interests. Came out just the other day that developing economies around the world are now outspending the west when it come to renewable energy sources therefore over the next few years there will be less and less people to sell our coal to.....it may be as you say Australia's economy is way more resistent than I give it credit for but our politicians couldn't...

Ignored

Honestly I focus on housing as a benchmark indicator of growth, some other indicators remain stagnant, the energy sector is the largest revenue, changes in world energy consumption will clearly have an impact but gradually will increasingly affect the economy. I hope china economy can good survive because it will have a major impact to the countries which are the main partner. specifically for china, my focus to the work force & the amount of debt (the possibility of default is increasing), I didn't expect much from exports

Libenter homines id quod volunt credunt

#431,955
Jun 7, 2016 12:39am Jun 7, 2016 12:39am

iamawaited
| Joined May 2016 | Status: Big Bears All the Way! | 221 Posts

Here i am praying and hoping cable comes down so i can buy again. Had 900 plus pips TP earlier but refused to TP.. GREED!!
Meanwhile my Trade Explorer.... so far the aggressive method is paying off ehn??? out for the day. no more trading unless cable comes down to my pending order. BYE! happy pippin!

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Trading Eternal...... Shiny & Chrome!!!!

#431,956
Jun 7, 2016 12:42am Jun 7, 2016 12:42am

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

Quoting baliprada

Disliked

{quote} Honestly I focus on housing as a benchmark indicator of growth, some other indicators remain stagnant, the energy sector is the largest revenue, changes in world energy consumption will clearly have an impact but gradually will increasingly affect the economy. I hope china economy can good survive because it will have a major impact to the countries which are the main partner. specifically for china, my focus to the work force & the amount of debt (the possibility of default is increasing), I didn't expect much from exports

Ignored

I think China has deep pockets to get them out of any crap they sink themselves into, it's all part of their plan for stability.

In Australia we have allowed overseas investors to drive up the cost of housing to ridiculous levels making it unaffordable for a lot of first home buyers, therefore the possibility of a huge crash in housing is on the cards and all it would take is for a fall in confidence across Asia for money to start to be removed from Australia and then a trickle could become a full blown runaway housing crash.
It's funny that we allow all these investors from the Asian countries around us to buy our housing and land yet try and do so in their countries and you'll find either you can't do so or strict rules apply like you have to marry someone from that country before you can buy housing. I say whatever law is there in that country then the same applies here, so if you can't buy housing in a country then those people can't buy in ours, then maybe regulations in other countries might soften a bit.

Don't Leave Money on the Table

#431,957
Jun 7, 2016 12:51am Jun 7, 2016 12:51am

dean1star
Joined Apr 2011 | Status: Trader | 2,421 Posts

Quoting HaLBot

Disliked

{quote} I think China has deep pockets to get them out of any crap they sink themselves into, it's all part of their plan for stability. In Australia we have allowed overseas investors to drive up the cost of housing to ridiculous levels making it unaffordable for a lot of first home buyers, therefore the possibility of a huge crash in housing is on the cards and all it would take is for a fall in confidence across Asia for money to start to be removed from Australia and then a trickle could become a full blown runaway housing crash. It's funny...

Ignored

and do you really wanna buy a house in China ..