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Cable Update (GBPUSD)

  • #449,141
  • Feb 7, 2017 5:25pm Feb 7, 2017 5:25pm
And May talking about a trade agreement with China
http://news.sky.com/story/theresa-ma...-deal-10759589
  • #449,142
  • Feb 7, 2017 5:47pm Feb 7, 2017 5:47pm
Quoting Fader123
And May talking about a trade agreement with China http://news.sky.com/story/theresa-ma...-deal-10759589

First:

As a former partial colony, abused and exploited, Chinese dont like (not to say hate) GB.
I would say, there will be a lot of adhesion contracts. The law of the strongest.



Second:

Leaving a market that is at the front of your door only to ship your goods 10x far away, means what ??
More profit ?. I think not.



Third:

Why and how,

'trade agreements' now appear, and why and how they did nor was possible till now !!
Was they to bad, to expensive, or both. And isnt only a straw, to present something
positive, in a valley of darkness.
How to opt out annoying user signatures ??
  • #449,143
  • Feb 7, 2017 5:55pm Feb 7, 2017 5:55pm
UK Interest rates to move up as inflation grows
  • #449,144
  • Feb 7, 2017 6:44pm Feb 7, 2017 6:44pm
Quoting mrhb30jr
M1 GBPUSD .... GBPUSDM1B.png;2174583 {image}
hi mate.... nice shoot u made as usual huh...hahaha...

was in waiting lounge for long when u had damn sell...

bull and bear , actually, just very close friend. both of them always gave the pips.


thaa thaaa.

Good Morning and night ....
not euphoria follower
  • #449,145
  • Feb 7, 2017 6:59pm Feb 7, 2017 6:59pm
Quoting Not-KPMG
It was the funny news about interest rates.
Could be, but I truly, TRULY don't care about fundamentals, my only concern is to make money from current price action.

May's speech, inflation, interest rates, UK trade balance, import/export, GDP, unemployment level, etc.... I leave all that nonsense to the economists.
  • #449,146
  • Feb 7, 2017 8:02pm Feb 7, 2017 8:02pm
Quoting Mr Breakout
{quote} Could be, but I truly, TRULY don't care about fundamentals, my only concern is to make money from current price action. May's speech, inflation, interest rates, UK trade balance, import/export, GDP, unemployment level, etc.... I leave all that nonsense to the economists.
Yep, maybe.

But this simple fake news had easily hit you SL if you was short atm.

How did you build in this into your "current price action" ??

When the price moves 150 pips in the wrong direction,
only because a squishy news headline that is obviously wrong ??

NO WAY..
How to opt out annoying user signatures ??
  • #449,147
  • Feb 7, 2017 8:20pm Feb 7, 2017 8:20pm
Quoting trademark
High volatility on the GBPUSD during today's session, after breaking below the 55 day EMA around the 1.2437 level, it rallies rapidly more than 150 pips to settle above the 1.2500 level.
The pair broke above its 20-period moving average. The 20-period moving average (Black) crossed above the 50-period one (Red) and is playing a support role. As long as 1.2460 is support, look for a further rise to 1.2545 and even 1.2580 in extension. Alternatively, below 1.2460, expect a further downside to 1.2425 and 1.2390 as targets.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-02-08 07.11.49.png Size: 89 KB
  • #449,148
  • Edited 8:49pm Feb 7, 2017 8:38pm | Edited 8:49pm
Quoting Toranaga
How did you build in this into your "current price action" ??
By definition, a profitable trading system is able to react to most trading scenarios, that's why it is profitable in the first place.

In the long run it does not matter what the market is doing, the system will end up making money anyway.

Quoting Toranaga
When the price moves 150 pips in the wrong direction, only because a squishy news headline that is obviously wrong ?? NO WAY..
Yes, but from time to time the market will also move 300 pips or more in your favor, in a matter of hours.

In the long run, these "bad" and "good" spikes will even out your results, meaning they won't have any significant impact on your bottom line.

Unless you were long during the Swiss Franc crash for example, but that's another story...
  • #449,149
  • Feb 7, 2017 10:20pm Feb 7, 2017 10:20pm
Hey Mr B why don't you cease and desist making these moronic statements and attempt to explain to folks why the market went down and then back up again.

You know what I mean, something useful just for a change.

Something like this would be helpful...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB
  • #449,150
  • Feb 7, 2017 10:31pm Feb 7, 2017 10:31pm
Quoting elbert3
{quote} Took short again 2542 see 2500 and if it holds
2540 to 2480 was hit nice trade over night ,2512 stoped so short again
  • #449,151
  • Feb 7, 2017 11:00pm Feb 7, 2017 11:00pm
Quoting Nala66
Hey Mr B why don't you cease and desist making these moronic statements. {image}
those are his opinions....
Look Sharp/Trade Tight
  • #449,152
  • Edited Feb 8, 2017 12:12am Feb 7, 2017 11:35pm | Edited Feb 8, 2017 12:12am
Quoting Nala66
Hey Mr B why don't you cease and desist making these moronic statements
The more they lose, the more aggressive they become towards their fellow Forex traders.

Quoting Nala66
and attempt to explain to folks why the market went down and then back up again

1: I do not have to explain anything. Who do you think I am, your own little personal technical analysis assistant?

2: I don't explain anything, I trade. I let "experts" explain why the market moved this way or that way, after the fact. Predicting the past is a very lucrative business these days.

Quoting Nala66
You know what I mean, something useful just for a change. Something like this would be helpful... {image}
Oh yeah?

Then start your own trading journal right here in Forex Factory, in real time, with specific entry/stop/exit points and show us how great you are, if you dare!

Pfff....
  • #449,153
  • Feb 7, 2017 11:43pm Feb 7, 2017 11:43pm
Quoting PayTheLimit
{quote} those are his opinions....
Thanks for your comment, PayTheLimit.
  • #449,154
  • Edited Feb 8, 2017 12:11am Feb 7, 2017 11:47pm | Edited Feb 8, 2017 12:11am
lets bo and or hold gbpusd, GJ,gbpchf,eurgbp. at the same time audusd , eurusd & brent also , so gbp may becoming the most strong currency next time, may not gold though .tests on the run to watch. take care , fontu

My old analysis remain unchanged & perhaps for the whole year , all against usd.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 37 KB
Click to Enlarge Name: EURGBPDaily.png Size: 33 KB
Click to Enlarge Name: GBPJPYH4.png Size: 34 KB
Click to Enlarge Name: GBPCHFDaily.png Size: 37 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #449,155
  • Feb 7, 2017 11:48pm Feb 7, 2017 11:48pm
Quoting Mr Breakout
{quote} The more they lose, the more aggressive they become towards their fellow Forex traders. {quote} 1: I do not have to explain anything. Who do you think I am, your own little personal technical analysis assistant? 2: I don't explain anything, I trade. I let "experts" explain why the market moved this way or that way, after the fact. Predicting the past is a very lucrative business these days. {quote} Oh yeah? Then start your own trading journal right here in Forex Factory, in real time, with specific entry/stop/exit point and show us how great...
Your just a jerk who likes to sound off.
  • #449,156
  • Feb 7, 2017 11:58pm Feb 7, 2017 11:58pm
Quoting Nala66
{quote} Your just a jerk who likes to sound off.
Oh please, go and take care of your margin calls, picking on other FF members won't solve your problems.

And let the records show that I never insulted you or even posted the slightest negative comment about you.
  • #449,157
  • Feb 8, 2017 12:11am Feb 8, 2017 12:11am
For today only,

Buying 1.23577
Selling 1.26517
StopLoss- 30pips

Which ever comes first, I am taking it.. Good luck everyone
  • #449,158
  • Feb 8, 2017 12:38am Feb 8, 2017 12:38am
two R's I'm considering right now...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 56 KB
Look Sharp/Trade Tight
  • #449,159
  • Feb 8, 2017 12:54am Feb 8, 2017 12:54am
and two for GJ...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 53 KB
Look Sharp/Trade Tight
  • #449,160
  • Feb 8, 2017 12:57am Feb 8, 2017 12:57am
what the hell did I eat last night...
Look Sharp/Trade Tight
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