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Cable Update (GBPUSD)

  • #453,061
  • Jun 14, 2017 2:46am Jun 14, 2017 2:46am
Quoting AusFastLife
{quote} Oh I agree dean. Sorry I didn't mean to imply that I wanted a particular direction. It was more a question where I was wondering how one gets a sense for what direction particular news pushes the various pairs. Or is the answer that there is no real way of telling and the best option is just to sit news out and wait for the prices to settle down.
Well AUS i can only offer my take on this what you said seems to make perfect sense to me. Wait but that said here is how i am playing it today. Looking to short on this Pair, Would wait to close of London Session see how price has been traded after the red flag news today before then and then make a decision. Bias short on this Pair, thats just my take btw .. looking to see how the news is played first out of NYC. Could well short then, short after fomc and then a final short from Asia session later on. Personally going to wait and see as the day unfolds.
  • #453,062
  • Jun 14, 2017 3:16am Jun 14, 2017 3:16am
i'm looking up from this level...
GBPUSD UP
Work Hard In Silence, Let Your Success Be Your Noise.
  • #453,063
  • Jun 14, 2017 3:43am Jun 14, 2017 3:43am
Some aggressive buyers at fibo 50 were rightfully punished
  • #453,064
  • Jun 14, 2017 4:54am Jun 14, 2017 4:54am
What's next on GA?

The price is around .50 fibo level as well.

Maybe the momentum will give more details about the next entry.
Attached Image (click to enlarge)
Click to Enlarge Name: 06_14_2017_GBPAUDH4.png Size: 38 KB
  • #453,065
  • Jun 14, 2017 5:11am Jun 14, 2017 5:11am
The pair is back to 1.2730/40 zone after UK's jobless rate stay unchanged, risk remains on the downside. 1.263 act as next support level, break below could lead to further decline.
  • #453,066
  • Jun 14, 2017 7:26am Jun 14, 2017 7:26am
GBP/USD looks bullish, maybe the US dollar will depreciate after the news release at 2PM EST.
  • #453,067
  • Jun 14, 2017 7:31am Jun 14, 2017 7:31am
Wow, what the fook just happened ?
Finger was hovering to place a trade or two, and suddenly massive movement !
  • #453,068
  • Edited 9:20am Jun 14, 2017 8:12am | Edited 9:20am
Quoting NoStopsXXL
Wow, what the fook just happened ? Finger was hovering to place a trade or two, and suddenly massive movement !
LoL.. Prob need to keep track of news event risks B4 u trade?
Here: https://www.forexfactory.com/calendar.php
This jump due to sudden selloff of $ bcause inflation figures in US show no inflation..So with FOMC ratehike in question this evening.. this news weakens perceived likelyhood that Fed will hike rates later this evening. also retail sales growth not good.. and US economy is very dependent on this vector.
Hope of Help.
  • #453,069
  • Jun 14, 2017 8:45am Jun 14, 2017 8:45am
Quoting cliffedwards
{quote} LoL.. Prob need to keep track of news event risks B4 u trade? Here: https://www.forexfactory.com/calendar.php This jump due to sudden selloff of $ bcause inflation figures in US show no inflation..So with FOMC ratehike in question this evening.. this news weakens perceived likelyhood that Fed will hike rates later this evening. also retail sales growth not good.. and UK economy is very dependent on this vector. Hope of Help.
Oh, I knew of the upcoming news but when I saw the rates dropping so fast I thought something crazy had happened. At the time I was hesitating to add to a losing position. But all is good, all my TPs were hit, now I am flat.
  • #453,070
  • Jun 14, 2017 2:06pm Jun 14, 2017 2:06pm
140 pips and closed on the day short on this pair and ran a short on the euro usd to follow the move.
  • #453,071
  • Jun 14, 2017 2:39pm Jun 14, 2017 2:39pm
Quote
dean1star :

140 pips and closed on the day short on this pair and ran a short on the euro usd to follow the move.

Why you closed your position on GbpUsd ?
  • #453,072
  • Jun 14, 2017 2:40pm Jun 14, 2017 2:40pm
Quoting ServerUang
{quote} Why you closed your position on GbpUsd ?
had a target in mind and reached it - discipline seems to work better these days and want to see if asia buy back the move for another drop tomorrow.
  • #453,073
  • Jun 14, 2017 2:41pm Jun 14, 2017 2:41pm
  •  dweex
  • Joined Mar 2017 | Status: Strategi ABC (Asal Biru Close) | 44 Posts
Down down down
Go Green
  • #453,074
  • Jun 14, 2017 2:43pm Jun 14, 2017 2:43pm
Thank you dean1star for your kind answer
  • #453,075
  • Jun 14, 2017 5:39pm Jun 14, 2017 5:39pm
Quoting keep4x
i'm looking up from this level... GBPUSD UP
is possible happen soon.
SVT refer to mql5 link
  • #453,076
  • Jun 14, 2017 6:27pm Jun 14, 2017 6:27pm
Does anyone have any idea what the prediction for GBP Official Bank Rate would be tomorrow?
It's not how much U make, but how much U keep
  • #453,077
  • Edited 10:26pm Jun 14, 2017 6:46pm | Edited 10:26pm
Quoting akiga
Does anyone have any idea what the prediction for GBP Official Bank Rate would be tomorrow?
I bet GBP up.
SVT refer to mql5 link
  • #453,078
  • Jun 15, 2017 12:02am Jun 15, 2017 12:02am
Quoting SubheadSeven
{quote} I bet GBP up.
Potentially the rate should stay as it is, but see how the votes are cast.
  • #453,079
  • Jun 15, 2017 12:38am Jun 15, 2017 12:38am
Quoting Ill-b-back
Around 1.28 seems an attractive area to look for PA reasons to short {image}
GU resting above 2730ish. Potential for another stab north into 2840-90 area pending BOE news.

Still have bearish bias overall, and watching 2110 as a longer term target
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 23 KB
Come with me if you want to live....
  • #453,080
  • Jun 15, 2017 2:04am Jun 15, 2017 2:04am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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