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-   -   Cable Update (GBPUSD) (https://www.forexfactory.com/showthread.php?t=10378)

BenWarburton Sep 11, 2019 7:26am | Post# 492861

Literally just bought and sold at every bounce today. Simple profits, nothing too big but it adds up.

Han2019 Sep 11, 2019 7:27am | Post# 492862

I think the PPI release in an hour will trigger the range to break downwards, but we shall see.

amocfx Sep 11, 2019 7:53am | Post# 492863

Another bounce from 1.23410-450 Come on!!!! Break it down!
Gbp is actually becoming annoying now, i've been waiting for a break down on GJ for days now, it just keeps looking for an excuse to go a little higher

modalyakin Sep 11, 2019 7:58am | Post# 492864

If the pair is reluctant going down, maybe safer to bet it going up
Just a thought, it hasn't revisited yesterday's low so far 3 sessions had come and gone

Another bounce from 1.23410-450 Come on!!!! Break it down!

Moty Sep 11, 2019 8:00am | Post# 492865

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Break down
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Dingoman-two Sep 11, 2019 8:02am | Post# 492866

I think the PPI release in an hour will trigger the range to break downwards, but we shall see.

Medium news my friend possibly low impact.

knkie Sep 11, 2019 8:29am | Post# 492867

{quote} Medium news my friend possibly low impact.
when price becomes so undecidedly lateral , any news can trigger.
PPI might be a perfect catalyst for this today.

knkie Sep 11, 2019 8:32am | Post# 492868

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ppi
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montygoldy Sep 11, 2019 8:32am | Post# 492869

Nope everybody expecting short... price go opposite... always happens to me

Dingoman-two Sep 11, 2019 8:34am | Post# 492870

{quote} when price becomes so undecidedly lateral , any news can trigger. PPI might be a perfect catalyst for this today.

That would be another nail in the coffin for the little trader's IMHO my friend,
But it could happen

5astelija Sep 11, 2019 8:41am | Post# 492871

Nope everybody expecting short... price go opposite... always happens to me
That's very problematic way of thinking... If everybody expecting short, maybe it will go opposite, maybe that is what everybody expects now, turn around again... Without hard data, it's just an endless loop that clouds your analysis.

https://fxssi.com/tools/current-ratio?filter=GBPUSD
Here's some "hard data" about positions, but still, remember that the crowd can also be right some time, maybe 49% of the time...

asgcorp Sep 11, 2019 8:46am | Post# 492872

one final pump remains in GBPUSD, 2420//2440, likely on Thursday.
2240//2260 buy dips for 2420//2440, however be wary of the incoming dump later this week.
Better GTFO of the way of the dump truck.

Moty Sep 11, 2019 8:48am | Post# 492873

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Stack'em to bottom
Tp 1.23170
Little amount will continue to.1.22800
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asgcorp Sep 11, 2019 9:00am | Post# 492874

any shorts you can take close to 2500 later this week will be guaranteed to produce a major home run.

navk Sep 11, 2019 9:04am | Post# 492875

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2380 will be high today. Or 2415. Maximum chance 2380.( for me only )
Had sell limits in place, as I was out of my PC most of London session.

It worked out as expected.

Closed them all.
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Dingoman-two Sep 11, 2019 9:14am | Post# 492876

one final pump remains in GBPUSD, 2420//2440, likely on Thursday. 2240//2260 buy dips for 2420//2440, however be wary of the incoming dump later this week. Better GTFO of the way of the dump truck.
Moty is already out of the gates and he is racing to the bottom.
oops looks like he's fallen of

YellowFellow Sep 11, 2019 9:22am | Post# 492877

{quote} Even I'm of the view that this thing is going down on H4, however, not sure about volatility.. will it go down after hitting my SL? or without hitting my SL, I wonder??
Lcuky me, SL not hit by far!

Han2019 Sep 11, 2019 9:47am | Post# 492878

any shorts you can take close to 2500 later this week will be guaranteed to produce a major home run.
Would you mind elaborating on how you know there will be another push up please?

Dingoman-two Sep 11, 2019 9:51am | Post# 492879

{quote} Would you mind elaborating on how you know there will be another push up please?

It needs to break above the 100% fib line at 1.23914 area and then pull back, or it could be a very weak short as it could retest this area again.

asgcorp Sep 11, 2019 9:56am | Post# 492880

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{quote} Would you mind elaborating on how you know there will be another push up please?
add 500 to 1970//1975. see attached.
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