Ideas on Cable - Page 3
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Thread: Ideas on Cable

  1. #21
    Join Date
    Dec 2015
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    401
    Quote Originally Posted by Michaelfxstudy View Post
    I think the problem with trading GBP or EUR at the moment is that there is constant news. A lot of traders tend to close fx positions before scheduled important news events. With these two there is currently likely to be major unscheduled news at any time. So in a nutshell...high risk.
    And when there are no news they barely move, especially GBP/USD. I stopped trading that pair at the beginning of last week and I still haven't resumed trading it.

  2. #22
    Join Date
    May 2013
    Posts
    328
    Just got in on a sell, god help me.

  3. #23
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    May 2013
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    328
    Just got out, modest return. 20% do you think it will correct more now or is bearish still the safer option.

  4. #24
    Join Date
    May 2013
    Posts
    328
    Hi Guys, There is a good amount of information in the technical analysis area here as well as that available from other sources. I believe a significant correction on Cable is inevitable and given the force of the initial downward move; trying to identify and catch the turn moment would provide the most efficient use of ones time, trading resources, research and accumulated experience.
    Last edited by ropunzel; 07-01-2016 at 12:34 AM.

  5. #25
    Join Date
    Feb 2013
    Location
    Scotland
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    5,353
    Quote Originally Posted by ropunzel View Post
    Hi Guys, There is a good amount of information in the technical analysis area here as well as that available from other sources. I believe a significant correction on Cable is inevitable and given the force of the initial downward move; trying to identify and catch the turn moment would provide the most efficient use of ones time, trading resources, research and accumulated experience.


    True.......
    ..

  6. #26
    Join Date
    May 2013
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    328
    Last edited by ropunzel; 07-01-2016 at 01:07 AM.

  7. #27
    Join Date
    Dec 2015
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    401
    It's logical for there to be a correction after such a massive drop, but on the other hand at the moment the pair is hugely affected by politics and news, so there is no guarantee it won't start dropping again soon.

  8. #28
    Join Date
    May 2013
    Posts
    328
    Quote Originally Posted by dianajs View Post
    It's logical for there to be a correction after such a massive drop, but on the other hand at the moment the pair is hugely affected by politics and news, so there is no guarantee it won't start dropping again soon.
    That is right, although it is still ranging right now and unlike typical announcement trading, I believe the direction on the news in this case is more predictable on the fundamental implications for the UK economy.

    Question. What caused the drop - which market participant contributed most to the drop - were they real world factors or speculators.

  9. #29
    Join Date
    May 2013
    Posts
    328

    Default NFP This Month

    Greetings. The spike charts for NFP have been quite good the last 12 months. I was wondering if you think there could be especially more activity in EURUSD and GBPUSD given Brexit.

  10. #30
    Join Date
    Apr 2014
    Posts
    580
    Cable may stay consolidated above the 1.3200 level, new information has to come in to make it move.

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