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Cable Update (GBPUSD)

  • #452,941
  • Jun 7, 2017 3:53am Jun 7, 2017 3:53am
long==>@1.2930
tp===>1.3000
sl===>1.2870
if you my trade,My-post analysis, subscribed to ME
  • #452,942
  • Edited Jun 8, 2017 4:42am Jun 7, 2017 4:53am | Edited Jun 8, 2017 4:42am
Quoting nesta
long==>@1.2930 tp===>1.3000 sl===>1.2870


I have 1.2988 as a target and then higher to 1.3173.

edit: and also 1.3232
  • #452,943
  • Jun 7, 2017 4:58am Jun 7, 2017 4:58am
That middle chart is the busiest I have ever seen Tecciztecatl.
What is your interpretation of what is going on in it?

I am Long from 1.29118 at the moment with a TP of 1.29353 for a cheeky 23.5 pips.

Can any one tell me, when reporting pips do you include the number of contracts you have open too? So for me I have three mini contracts open. So if I get 23.5pips then I actually get $70.50 not $23.50. What is the convention for when describing pips, would I say I got 23.5 (the actual movement) or 70.5 (the actual number of got due to the number of contracts I have open? Just out of interest.
  • #452,944
  • Jun 7, 2017 5:12am Jun 7, 2017 5:12am
The damn currency is not respecting my trend lines!!
Attached Image (click to enlarge)
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  • #452,945
  • Jun 7, 2017 6:13am Jun 7, 2017 6:13am
Oh my god, I've been up graded to Member!! Thanks who ever did that, you are a legend!

Now could everyone stop selling the god damn GBPUSD so it starts heading in the right direction!!
  • #452,946
  • Jun 7, 2017 6:31am Jun 7, 2017 6:31am
Quoting AusFastLife
Now could everyone stop selling... GBPUSD so it starts heading in the right direction!!
The movement or price action has nothing to do with us in the retail market. We are just here for the ride. Only central banks and huge corporations like Boeing with billion dollar contracts can move the price action.
Taigen Profit This Month: na
  • #452,947
  • Jun 7, 2017 8:33am Jun 7, 2017 8:33am
XM is hiking the margin requirement to 1% (1:100) for all GBP currency pairs and to 2% (1:50) for all CFDs on Equity Indices.The change comes in effect at 18:00 p.m. server time (GMT+3) on Thursday, 8th June 2017 and affects all positions (for opening new positions and for maintaining existing positions). According to XM, the measure is temporary and margin requirements will revert to normal (as per client account settings) by Friday 9th June 2017, shortly after the announcement of the results of the UK General Election.

FxOpen, said it may increase five times the margin requirements for GBP pairs in the period June 7-9.

Good-luck All for tomorrow
  • #452,948
  • Jun 7, 2017 8:37am Jun 7, 2017 8:37am
The currency was generally Fu-cked me
Lost in Narrative
  • #452,949
  • Jun 7, 2017 9:41am Jun 7, 2017 9:41am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #452,950
  • Jun 7, 2017 10:17am Jun 7, 2017 10:17am
The British pound had a volatile session on Tuesday, as we continue to hover around the 1.29 handle. With the UK elections coming up tomorrow, is very likely that the market will be hesitant to move very rapidly, unless of course we get some type of sign that the conservative party and the United Kingdom takes complete control. Since it doesn’t seem to be that way right now, I believe that we are going to continue to consolidate in a very tight range between now and then. Because of this, I am out of this market. However, I recognize that a break above the 1.3050 level is a very bullish sign, just as a breakdown below the 1.2750 level would be a very bearish sign. Ultimately, we should get some type of signal to trade for a longer-term move, but it probably isn’t going to comment until either late Thursday or early Friday.
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  • #452,951
  • Jun 7, 2017 10:24am Jun 7, 2017 10:24am
Quoting Mattse
{quote} Tight stoploss!! I going to be out before election for sure !!
it's pretty good for me !!!! I'm out !!

I wish many many pips folks !!!
  • #452,952
  • Jun 7, 2017 10:28am Jun 7, 2017 10:28am
Election time is Thursday 10 pm the polling stations close and the count begins ..
on average the 650 parlimentary seats will on average be declared between 2 am and 6 am - its generally a rule that The morning after say around 8 am a sensible conclusion can be drawn if not a few hours sooner depends on how close the call is ..

Asia might be quiet untill towards the end of its session and logicaly heading into early london trading time the momentum should pick up.
Lets not forget Wall St love a piece of the pie, so would be looking at reversals around early NYC time.

That said they will probably get in early and 6 am with a good conclusion of voting direction then just tank this mother of a fkcer pair up and down all friggen day ..
  • #452,953
  • Jun 7, 2017 10:32am Jun 7, 2017 10:32am
Does anybody actually care about the UK elections?
  • #452,954
  • Edited 10:52am Jun 7, 2017 10:40am | Edited 10:52am
Quoting Nala66
Does anybody actually care about the UK elections?
Well if your stupid enough to not see pound before the dollar on this pair then perhaps you need sometime out to reflect if trading is for you ..
open your eyes - infact dont bother your doing just fine - really and exactly where you should be in this moment.
  • #452,955
  • Jun 7, 2017 11:50am Jun 7, 2017 11:50am
Quoting Nala66
Does anybody actually care about the UK elections?
What's caring about elections have to do with forex trading? Will it the affect the market? Yes. It has nothing to do with caring about things.
Taigen Profit This Month: na
  • #452,956
  • Jun 7, 2017 5:14pm Jun 7, 2017 5:14pm
Just closed out pre election.
Come with me if you want to live....
  • #452,957
  • Jun 7, 2017 5:43pm Jun 7, 2017 5:43pm
found it very interesting that there are two camps on this thread. for one, fundamentals are the main drivers; for the other, price has everything, looking left is all you need for trading.

i think these two camps can peacefully co-exist, but i have a hard time pinpoint some theory that can reconcile these two views...
  • #452,958
  • Jun 7, 2017 6:04pm Jun 7, 2017 6:04pm
Quoting dean1star
{quote} Well if your stupid enough to not see pound before the dollar on this pair then perhaps you need sometime out to reflect if trading is for you .. open your eyes - infact dont bother your doing just fine - really and exactly where you should be in this moment.
What rattled your cage..I didn't say anything about trading.
  • #452,959
  • Jun 7, 2017 9:19pm Jun 7, 2017 9:19pm
Cable rise up to around 1.296 level, risk remains on the upside, next resistance level located at 1.3000. With UK election today, the result and market reaction towards it are unpredictable. I would be very cautions.
  • #452,960
  • Jun 7, 2017 11:24pm Jun 7, 2017 11:24pm
Quoting Nala66
{quote} What rattled your cage..I didn't say anything about trading.
Its not about caring really Nala cages with rattles or not, its the principle of the thought thats all - most people dont actually care and sure your right about that but is the word correct its irrelevant its just a point of fact thats all more like will it effect the market for sure it usually does so the major market players do care about the results from the cause and effect motion of the election, no offence intended (maybe just a small one) lol but its just one those issues us OCD characters pick up upon and seize as if its the last jelly baby in the jar .. and its mine lol take it easy green pips hey Nala.
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