GBP / USD
- Thread starter SLT
- Start date
sqa said:
Yes indeed, when we are in a bear market, price needs to retrace before extending lower again, so some times when i am feeling "lucky" i will long it out of Asia, only to bring the stops to even, then see what develops.
I also took the Fiber long out of London, the set up was there so i took it, call it volatility coming back maybe?
could have taken the short set up on cable, though i opted out since i was already in the market, the short set ups this week were definitely the way to go though! like ICT says, why the frik are you buying? my answer is, because i want to test my self for timing entries
Big night tonight! or morning/day for you guys in the states or Canada east coast west coast where ever you are in the big wide world of all things forex...
Also i might just ad here, Aussie is preparing for a bigger move again i think, liquidity stops still above and below, if the above ones are hit, we could be extending lower maybe, i think it was Aussie holding the Dollar down, as it extended yesterday after the news, i missed that set up, to many charts! Sticking with Fiber & Cable these days
rod178
Well-Known Member
Huge gap down, about 140pips, on Today's Cable.
I had a LT Cable short with a TP 16291. I do not usually hold trades over the weekend, although made an exception due to Cables PA last week, which I suspect has something to do with the upcoming vote on Scottish independence. They must be consumming too much of that amber spirit!!
It was automatically closed on gap at 16187, timestamp at open. Slippage, in my favour, 104 pips.
All is good except I noted that the OP was 16165, which is 22 pips less than what I received. I suppose the spread was huge at Open. This is a little scary and another reason to avoid holding over the weekend if price is close (say 100pips) to Fridays close.
I had a LT Cable short with a TP 16291. I do not usually hold trades over the weekend, although made an exception due to Cables PA last week, which I suspect has something to do with the upcoming vote on Scottish independence. They must be consumming too much of that amber spirit!!
It was automatically closed on gap at 16187, timestamp at open. Slippage, in my favour, 104 pips.
All is good except I noted that the OP was 16165, which is 22 pips less than what I received. I suppose the spread was huge at Open. This is a little scary and another reason to avoid holding over the weekend if price is close (say 100pips) to Fridays close.
A great result Rod, congratulations.
How LT is LT in this case? Holding over a weekend strikes me as something people do when trading from weekly charts.
I'll bet there will be plenty of people who get burned this way when the vote is in. It is set for Thursday 18th of this month but I wonder when the results will be declared. Imagine if they count all weekend and announce the outcome on a Monday, or during the weekend. I would expect a big gap in one direction or the other.
How LT is LT in this case? Holding over a weekend strikes me as something people do when trading from weekly charts.
I'll bet there will be plenty of people who get burned this way when the vote is in. It is set for Thursday 18th of this month but I wonder when the results will be declared. Imagine if they count all weekend and announce the outcome on a Monday, or during the weekend. I would expect a big gap in one direction or the other.
AusDoc said:
If the EU referendum votes are anything to go by, Scotland will be "made to vote" until they vote the proper way. The currently dominant Western "leadership" is very good at getting the "vote" they want. They're not huge fans of the "consent of the people" concept.
Granted, part of me hopes to see it actually happen. Then you'll get two countries that can't run themselves on the British Isles.
Will they rebuild Hadrian's Wall? ???
sqa said:
Agree with your sentiment about the West, but this is probably a one shot for quite some time I expect, probably generations. An important element of the "campaign" from London was to the effect that a final result was required - either in or out but when it's done, it's done. If it's to be a separation I think the fallout and trauma will be far too great for any turning back for a long, long time, so no more votes on the matter.
sqa said:
I gather you had a big day last July 4th. ;D
sqa said:
The Scots may have to, just to create employment. But who would pay for it? Scotland has no money and little income. This whole escapade is an exercise in human (Scottish) stupidity so such a wall would be a fitting monument.
rod178 said:
Nah, been done. Besides, no one would believe Mel could lead anything these days. Shame really.
We need something original. Banker intrigue would help, something referring to incompetence and cover-up should get the ball rolling nicely. A little political intrigue perhaps. Oh, of course, it's obvious: we need another poll. ;D
Can't say that many big FX drops can be recalled but that's a good thing. It's only the truly painful ones that stick and they were all in futures. I think Cable is going to prove entertaining this month.
Carney Speech Tuesday, during LO. That's probably your Trap for the week. However, I'd want to see what "retail" sentiment is at the moment, simply because if panic does set in, well, everyone might be going short. So they might squeeze Shorts hard.
I have a hunch out Monday might play out, but we'll see.
I have a hunch out Monday might play out, but we'll see.
rod178
Well-Known Member
AusDoc said:
I had a conversation with Christopher Monckton (AMEC) a couple of years ago. His opinion was that England would be better off, despite the short term disruption, without Scotland. Most employment is via the government or social welfare. All in England, except the English power elite, possibly share his opinion.
I'd like to donate Tasmania (Green haven) to New Zealand
http://en.wikipedia.org/wiki/Christopher_Monckton,_3rd_Viscount_Monckton_of_Brenchley