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Why is GBPUSD called cable? 76 replies

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Attachments: Cable Update (GBPUSD)
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Cable Update (GBPUSD)

so we are going to hit .
Work Hard In Silence, Let Your Success Be Your Noise.
Quoting akiga
Does anyone have any idea what the prediction for GBP Official Bank Rate would be tomorrow?
More than likely it will stay the same
Sell stop at 1.267.

Edit: deleted.
"Don't lose your cool, and you will fare well".
3-0-5 on the vote
1-0-7 expected.

Seems to be on the agenda for after the summer one would imagine ..
What the hell was that?!? 101pip bar on the 1min chart.
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Talk about a kick to the guts for any shorts! So, would really like to hear the input from experienced traders how they think this will play out for the rest of the day/week? Thanks in advance.
Quoting AusFastLife
What the hell was that?!? 101pip bar on the 1min chart. {image}
The MPC voted 5-3 to hold rates; unexpectedly more hawkish.

Personally, I think an increase to interest rates done for the purposes of keeping a lid on inflation would be a mistake, given how weak and tepid wage and economic growth are. Most of inflation is caused by a one-off FX pass through from the depreciation of sterling back in summer 2016 - this effect will start to drop out of the inflation figures in the coming months. Interesting times ahead.
Quoting dean1star
3-0-5 on the vote 1-0-7 expected. Seems to be on the agenda for after the summer one would imagine ..
They may wait until September, following the release of the quarterly inflation report in August.
Quoting drbob8000
Talk about a kick to the guts for any shorts! So, would really like to hear the input from experienced traders how they think this will play out for the rest of the day/week? Thanks in advance.
Intrest rates are unchanged but gbp just spiked up, what could have triggered?
is the markets expected further decrease or it just over sold
Quoting drbob8000
Talk about a kick to the guts for any shorts! So, would really like to hear the input from experienced traders how they think this will play out for the rest of the day/week? Thanks in advance.
Waiting now to short this move, could be Tomorrow lets see.

Here is an example for you i had been waiting for a long position but this move was just off my Radar so planning to wait for the decent percentage move back from this up. WIth this pair generally most of what they sell they buy back and vice versa so planning to take two shorts when the system says might carry over for 48 hours . This is a pure money making move as the vote offers a direction for buyers with something to look forward to in the future. Was it what a 60 second move i think so it tells you the numbers and amounts were pre programmed by the market makers to move it - lets not forget if you gonna to take the money from the Bank get in out and then away as fast as you can lol - nice move follow the smart money as they say Lets see if the previous high is cleared today too.
Quoting gammase1
{quote} They may wait until September, following the release of the quarterly inflation report in August.
Well it might not hurt the economy as such with all this political rambling going on - a cloud on the horizon which has a silver lining would be nice.
That was nice move...
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Keep in mind
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SMKNYC---LIAR
Quoting sat007
{quote} Intrest rates are unchanged but gbp just spiked up, what could have triggered? is the markets expected further decrease or it just over sold
Bcs closest MPC voting for rate hike since 2007. Suggests bullish rate hike sentiment in BoE is lot stronger than thought. (a surprise)

IMHO.. calls we make here should be very TF /entry/expectation(TP) /strategy specific to be useful ..
Assuming most here are day traders..
Today there were 3 quite separate CALLS that would have been good?
From Daily Open -- Bearish
From London Open -- Bullish
From Exhaustion of News spike -- Bearish.
All with 50+ pip potential.

For longer TF traders.. PA yesterday and today so far has probably been of little interest ( with price now back at daily open levels) except that the volatility weve seen may have knocked out over tight SLs? Or offered fade out profit taking and partial covering of their longer TF strategy in? depending on the direction of that longer term trade?
Any of this make sense?
Just saying.
Quoting Nick.Sa
That was nice move... {image} {image}
Nice result. 100%
Did you CALL this?
Quoting cliffedwards
{quote} Nice result. 100% Did you CALL this?
I'm sorry...what you mean by CALL?
SMKNYC---LIAR
Quoting Nick.Sa
{quote} I'm sorry...what you mean by CALL?
Your result is really nice. 100%.
If you can help people here by sharing trade ideas, (CALLS) in advance? it would be mega.
No need to disclose propitiatory systems .. just occasional suggestion of a no-brainer that you see in advance?
Be outstanding. And be of help to everyone. Some newbies/ some experienced that have missed the setup etc
Including me. Always happy to learn..Lol
Quoting SubheadSeven
Hi ioni72, Can you share your momentum indicator? Thanks.{quote}
Sorry for the delay Subhead seven,

Did you download the momentum indi that I posted for dean1star?
Quoting ioni72
{quote} Sorry for the delay Subhead seven, Did you download the momentum indi that I posted for dean1star?
No problem my friend, but I can't find where is it.
SVT refer to mql5 link
Quoting cliffedwards
{quote} Your result is really nice. 100%. If you can help people here by sharing trade ideas, (CALLS) in advance? it would be mega. No need to disclose propitiatory systems .. just occasional suggestion of a no-brainer that you see in advance? Be outstanding. And be of help to everyone. Some newbies/ some experienced that have missed the setup etc Including me. Always happy to learn..Lol
I am new in trading(don't think I am guru or pro) and don't trade often...but I will try to make some "calls"...
SMKNYC---LIAR
Quoting SubheadSeven
{quote} No problem my friend, but I can't find where is it.
maybe he meant this one https://www.forexfactory.com/showthr...51#post9975451
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