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Cable Update (GBPUSD)

  • #442,941
  • Oct 6, 2016 6:47pm Oct 6, 2016 6:47pm
Quoting Ill-b-back
{quote} I don't quite know why but this comment made me laugh...
haha... yeah...
  • #442,942
  • Oct 6, 2016 6:49pm Oct 6, 2016 6:49pm
Quoting Ill-b-back
{quote} I don't quite know why but this comment made me laugh...
got no loss thats why...
  • #442,943
  • Oct 6, 2016 6:52pm Oct 6, 2016 6:52pm
Quoting Ashkbose
{quote} All move happened in three mins and in its move hit all stop losses and options contracts, sell was so strong and there wasn't any demand for buy, but it still looks weird!
Liquidity is low during that time of the day.
"Where you want to be is always in control, never wishing, always trading.
  • #442,944
  • Oct 6, 2016 6:54pm Oct 6, 2016 6:54pm
What is really funny when bonehead tech traders say "I don't need to know about fundamentals everything is in price" That's an ignorant statement
In trading, you have to be defensive and aggressive at the same time
  • #442,945
  • Oct 6, 2016 6:54pm Oct 6, 2016 6:54pm
i hate this long brexit candles. they mess up the chart scale and every candle becomes tiny.
  • #442,946
  • Oct 6, 2016 6:56pm Oct 6, 2016 6:56pm
i hate this long brexit candles. they mess up the chart scale and every candle becomes tiny.
  • #442,947
  • Oct 6, 2016 6:57pm Oct 6, 2016 6:57pm
Quoting timos
Some spreads comparison for this move: LMAX: Less than 25 pips {image} Darwinex: 25 Pips {image} Pepperstone: 102 pips {image} FxPro: 80 pips {image} Why do people still choose bucket shoops ?? You can find your broker historical spreads here: http://www.myfxbook.com/forex-broker-spreads
They use bucket shops for the high leverage. The better capitalised traders trade fx futures, 6B only printed 1.2034 (day low) on that move, the bucket shops are crazy to print 1.15 or 1.11, its literally robbery.

Moral of the story is do not trade fx if you are undercapitalised.
"Where you want to be is always in control, never wishing, always trading.
  • #442,948
  • Oct 6, 2016 7:06pm Oct 6, 2016 7:06pm
Quoting Davit
What is really funny when bonehead tech traders say "I don't need to know about fundamentals everything is in price" That's an ignorant statement
In this particular case where any spot on chart that technical analysis mislead to take long? If so point it. If it was anything then it started with trader's emotions, predicting etc...
  • #442,949
  • Oct 6, 2016 7:07pm Oct 6, 2016 7:07pm
anyone has idea if this will affectthe usd jpy ????
  • #442,950
  • Oct 6, 2016 7:11pm Oct 6, 2016 7:11pm
you think thats fundamental ?id go along its a mistake somehow
all I would say its not going back all the way down there
the only thing you can do is look at a recent event

Quoting Davit
What is really funny when bonehead tech traders say "I don't need to know about fundamentals everything is in price" That's an ignorant statement
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 1 gbp USD (DFB).png Size: 22 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #442,951
  • Edited 7:23pm Oct 6, 2016 7:11pm | Edited 7:23pm
Quoting ruma29
{quote} In this particular case where any spot on chart that technical analysis mislead to take long? If so point it. If it was anything then it started with trader's emotions, predicting etc...
Do you follow NFP? CPI? Unemployment numbers? GDT? dairy prices ,Crude in relation to CAD ? If no I have nothing further to tell you
4th of Oct GDT prices decline

Now look what happened to NU after release (yellow box)
Price was ranging right before the release and since then continued to drop.By simply looking at PA it was ranging so there is no way you are going to tell me "chart was telling me to sell and sell big"

Its your decision to be in the dark but I rather know why price moves when it does.
Attached Image (click to enlarge)
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Attached Image
In trading, you have to be defensive and aggressive at the same time
  • #442,952
  • Oct 6, 2016 7:13pm Oct 6, 2016 7:13pm
Quoting polonoon
anyone has idea if this will affectthe usd jpy ????
Usdjpy will be headed toward 101 - 102 areas. It's a safe haven and will act as such.  
  • #442,953
  • Oct 6, 2016 7:16pm Oct 6, 2016 7:16pm
Dear All,

I'll be grateful if you share your broker GBPUSD spike LOW value.

I got these

HotForex GBPUSD Low 1.1625

InstaForex GBPUSD 1.2031

Regards,
Azfar
  • #442,954
  • Oct 6, 2016 7:19pm Oct 6, 2016 7:19pm
Oanda usa Low = 1.16446

FXCM usa low =1.19910
Live today like theres no tomorrow-- Prioritize like you will die today
  • #442,955
  • Oct 6, 2016 7:20pm Oct 6, 2016 7:20pm
1.20257 XM
  • #442,956
  • Oct 6, 2016 7:21pm Oct 6, 2016 7:21pm
Quoting azfarjaved
Dear All, I'll be grateful if you share your broker GBPUSD spike LOW value. I got these HotForex GBPUSD Low 1.1625 InstaForex GBPUSD 1.2031 Regards, Azfar
Admiral Markets GBPUSD Low 1.1121
  • #442,957
  • Oct 6, 2016 7:23pm Oct 6, 2016 7:23pm
Quoting Davit
{quote} Do you follow NFP? CPI? Unemployment numbers? GDT? dairy prices ,Crude in relation to CAD ? If no I have nothing further to tell you
You are avoiding my question . your previous comment suggested that TA mislead some traders to take long..., those who followed TA and not fundamental information.

TA certainly not...Which fundamental data pointed to several hundred pips GBPUSD to go down? vision, crystal ball?

G. Soros crashed GBP in 1992...this might be repetition...
  • #442,958
  • Oct 6, 2016 7:27pm Oct 6, 2016 7:27pm
Quoting Ill-b-back
{quote} I don't quite know why but this comment made me laugh...
Me too!!! Laughed til I teared.

Sorry for the guys who lost.

My chart shows me this. The lucky man/woman who struck it at that price, I hope it wasn't stop loss.
Attached Image
  • #442,959
  • Oct 6, 2016 7:27pm Oct 6, 2016 7:27pm
Quoting ruma29
{quote} You are avoiding my question . your previous comment suggested that TA mislead some traders to take long..., those who followed TA and not fundamental information. TA certainly not...Which fundamental data pointed to several hundred pips GBPUSD to go down? vision, crystal ball?
My comment was not specific for tonight's weird event black swan.My comment was in general that fundemetal ignorance does not help ones trading
In trading, you have to be defensive and aggressive at the same time
  • #442,960
  • Oct 6, 2016 7:27pm Oct 6, 2016 7:27pm
if it went down and stayed down ,you'd know things are bad
then no buy orders there was enough to bring it back ,I highly doubt back under 12000
Attached Image (click to enlarge)
Click to Enlarge Name: h4 USD (DFB).png Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
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