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OnlineAddict replied Jun 4, 2014Look at last rate cut...eur dropped 300 pips, just to retrace back within a few days(the move retraced 50% within a few hours). If it goes down from here, I will definitely long after bears get tired. I think both eur and gbp are still bullish, so ...
Cable Update (GBPUSD)
- OnlineAddict replied Jun 4, 2014
If we get a good PMI number and eurusd will retest the lows, it might get interresting on gbpusd. Its getting safer to keep my short now, while volume will slowly go down.
Cable Update (GBPUSD)
- OnlineAddict replied Jun 4, 2014
Looking at a LL for eurusd, too...bulls there are so weak, something is holding them back, they want it lower. We might see a nice run down before the news tomorrow...and then a spike up. Whatever happens, I don't want to have eur trades open until ...
Cable Update (GBPUSD)
- OnlineAddict replied Jun 4, 2014
I think the same, I think he won't do anything, but I would really love if he did...I would love to load up longs for gbpusd 100-200 pips lower.
Cable Update (GBPUSD)
- OnlineAddict replied Jun 4, 2014
Eur doings its job...now lets see how deep it can bring gbp.
Cable Update (GBPUSD)
- OnlineAddict replied Jun 4, 2014
Why ..31? I think some big money has sell orders at 1.7040-45. If Draghi cuts the rate tomorrow, GBP might make a nice downmove, so we can load up for longs a lot lower than now.
Cable Update (GBPUSD)
- OnlineAddict replied Jun 4, 2014
USDX struggling at 80.50, might bounce...which would take both eur and gbp down.
Cable Update (GBPUSD)
- OnlineAddict replied Jun 4, 2014
I'm watching it and might jump off early, not fix target set. I think euro will drag it down a little.
Cable Update (GBPUSD)
- OnlineAddict replied Jun 4, 2014
Short from 1.6765, small scalp, looking for 1.6735+-.
Cable Update (GBPUSD)
- OnlineAddict commented Jun 4, 2014
Ok, keep trading the news...its your money.
Euro area annual inflation down to 0.5%
- OnlineAddict replied Jun 4, 2014
I see a triple top on your chart...lets see where it ends up at, curious about that myself. Won't matter much, since ECB will mess the market up in both directions on thursday, anyway.
Cable Update (GBPUSD)
- OnlineAddict replied Jun 4, 2014
My chart is showing 1.6670 as a good long entry and 1.6750-1.6807 as a good short entry, lets see what the news bring us.
Cable Update (GBPUSD)
- OnlineAddict commented Jun 3, 2014
Man, I never said charts work 100%, they don't But fundamentals don't mean anything in currency wars. I'm an economic, all fundamental data you see, is fake, its all made up, I can make 3 different numbers about the same, I can give you 3 completely ...
Euro area annual inflation down to 0.5%
- OnlineAddict replied Jun 3, 2014
Acceleration GAP = Fake move, I expect the index to re-test 80 now. Should help both eur and gbp to retrace a little.
Cable Update (GBPUSD)
- OnlineAddict commented Jun 3, 2014
NFP has no power anymore. ECB can do 300 pips on one day...NFP can do 50 these days or even less. Whatever happens on thursday, it will be different than last time and something nobody expects. It will be easier to "read" while its happening, better ...
Draghi said to debate benchmark and deposit rate cuts of 10-15 bps – BBG
- OnlineAddict commented Jun 3, 2014
LOL Data doesn't move anything...
Euro area annual inflation down to 0.5%
- OnlineAddict commented Jun 3, 2014
News don't create trends or directions. Follow your charts, its all written there, news just create spikes to load up in the right direction.
Euro area annual inflation down to 0.5%
- OnlineAddict commented Jun 3, 2014
Thats what happened last time...they never do the same twice in a row, it would be too easy for retailers to take their money. If it pumps up before the speech, it may pump even more after and even more after that to kill all shorts for a long time. ...
Draghi said to debate benchmark and deposit rate cuts of 10-15 bps – BBG
- OnlineAddict replied Jun 3, 2014
During EU session, if we hit 1.68-1.6850, I plan to short. But are you guys prepared for no rate cut on thursday? Because if that happens, euro will spike 200-300 pips up...gbp, looking at the current strength, will spike even more. 1.70 is not dead ...
Cable Update (GBPUSD)
- OnlineAddict commented Jun 3, 2014
They had months to do this and 2 days before the news they act like they debate? LOL Now its almost 100% sure, no rate cut this week...usd will collapse by 200-300 pips.
Draghi said to debate benchmark and deposit rate cuts of 10-15 bps – BBG