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Cable Update (GBPUSD)

  • #453,041
  • Jun 13, 2017 9:47am Jun 13, 2017 9:47am
Quoting okshop
{quote} I have a pending sell limit there 2, hope it gets fill GL

I'm not sure if I'm going to do it ..pissed at the moment went back and looked at my charts and saw where I was going to take my long yesterday and it just hit 100 pips if I would've jumped in now I'm gun shy cause it doesn't seem to wanna quit going up lol..I know I shouldn't trade emotionally and I try my best not to but damn it I hate those woulda shoulda trades......

Good luck to you as well my friend..happy hunting.
  • #453,042
  • Jun 13, 2017 11:28am Jun 13, 2017 11:28am
Im looking for opportunity for long entry in next 24... when current rally pulls back.
Strategy?..Based on market optimism creating momentum to break up if terms of coalition meets market sentiment towards soft brexit.
  • #453,043
  • Edited Jun 14, 2017 1:59am Jun 13, 2017 11:42am | Edited Jun 14, 2017 1:59am
Quoting petehnm
I would have never thought we'd get such a nice pop to the upside ...considering nothing has really changed in the UK..seems like it's even gotten a little worse..I was going to scalp a small long last night but thought it wouldn't be worth the effort..That's what I get for thinking....lol..now just wondering how high it'll go..considering a short around the 1.2765 area...
Rally to the upside (short term) might be due to the better than expected UK Fundies & Coalation talks going well!!!!
  • #453,044
  • Edited 1:57pm Jun 13, 2017 1:41pm | Edited 1:57pm
Quoting Dr.Zain
{quote} Rally to the upside might be due to the better than expected UK Fundies & Coalation talks going well!!!!

I think the optimism is unwarranted, market will realize its mistake soon . The media is playing off the threat the hard brexit group poses within the conservative party , and the possible conflicts destroying talks with the conservatives , institutions are pricing in soft brexit at the moment and thats what we see.
  • #453,045
  • Jun 13, 2017 1:43pm Jun 13, 2017 1:43pm
Attached Image (click to enlarge)
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  • #453,046
  • Jun 13, 2017 1:45pm Jun 13, 2017 1:45pm
Around 1.28 seems an attractive area to look for PA reasons to short
Attached Image (click to enlarge)
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Come with me if you want to live....
  • #453,047
  • Jun 13, 2017 4:38pm Jun 13, 2017 4:38pm
Well yesterday turned out to be an easy trade and I didn't have to wait very long at all for the entry.

Once I have placed the trade I walk away and check back later for the result...This one took just about 20 minutes for my 20 pips and that is another $1k in the bank. Here was my trade...
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  • #453,048
  • Jun 13, 2017 8:44pm Jun 13, 2017 8:44pm
Oh, what are you up to Cable? Are you bouncing off resistance to head back down, or are you drawing breath to go up. I may have to wait until London to look for breakout. Then there is FOMC at 4am for me, and that is horendus when it unexpectedly makes the dollar whip in the other direction (as it did back on the 4th May - cable was trending down nicely, then FOMC and boom, up she goes lick a rocket). I might have to just pend a break out for the FOMC to catch what ever direction she shoots.

What has everyone else got eyes on for the Cable?
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  • #453,049
  • Jun 13, 2017 10:19pm Jun 13, 2017 10:19pm
Quoting AusFastLife
Oh, what are you up to Cable? Are you bouncing off resistance to head back down, or are you drawing breath to go up. I may have to wait until London to look for breakout. Then there is FOMC at 4am for me, and that is horendus when it unexpectedly makes the dollar whip in the other direction (as it did back on the 4th May - cable was trending down nicely, then FOMC and boom, up she goes lick a rocket). I might have to just pend a break out for the FOMC to catch what ever direction she shoots. What has everyone else got eyes on for the Cable?

I have placed a sell stop at 1.27345, 6 pips below the lowest point of the current sideways movement, SL at 1.27430 an TP @ 1.26550.

I have also placed a buy stop at 1.27561 with a SL at 1.27481 and TP at 1.28261

Have a good trading day!
  • #453,050
  • Jun 13, 2017 10:55pm Jun 13, 2017 10:55pm
Quoting dean1star
{quote} Ioni thanks that would be really good.
Hi dan1star,

Here you are.

Enjoy.
Attached File(s)
File Type: ex4 Momentum_Alerts_Test.ex4   14 KB | 367 downloads
  • #453,051
  • Jun 13, 2017 11:02pm Jun 13, 2017 11:02pm
Quoting ioni72
{quote} Hi dan1star, Here you are. Enjoy. {file}
and thanks Ioni
  • #453,052
  • Jun 13, 2017 11:04pm Jun 13, 2017 11:04pm
Quoting dean1star
{quote} and thanks Ioni
, this is my favourite!
  • #453,053
  • Jun 13, 2017 11:23pm Jun 13, 2017 11:23pm
Cable shot up 45 pips in 10 minutes and is now paused at the daily R1. Why anyone?
  • #453,054
  • Jun 13, 2017 11:30pm Jun 13, 2017 11:30pm
Theres only one Brexit and thats leave the single market and the the customs union
If the UK want to control it's borders and laws and not send money

Thats why Brexit wasn't a big debate during the election btw the two main parties agree on that ,but those that oppose failed

Your party lib dems who wanted another referendum like you
and SNP who wanted to remain so much they were calling for Scottish Ref

The moment the so called devorse bill is brought up again 60-100 bilion
thats when we walk away or thats the point another election will be required which no way Brits will vote for

"This weekend both the Labour leader and John McDonnell, his shadow chancellor, revealed that the party is now formally committed to taking Britain out of the single market and the Customs Union."


https://www.forexfactory.com/news.ph...39#post9968494




Quoting cliffedwards
Im looking for opportunity for long entry in next 24... when current rally pulls back. Strategy?..Based on market optimism creating momentum to break up if terms of coalition meets market sentiment towards soft brexit.
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #453,055
  • Edited 11:59pm Jun 13, 2017 11:40pm | Edited 11:59pm
Hello traders,

Opportunities for intraday traders on GJ, GC and GU, not yet on GA. In my opinion it's better to avoid GC because of the 200 SMA. The price just hit it from below and there is a too important risk to rebond first.

A nice day to all of you
  • #453,056
  • Jun 13, 2017 11:49pm Jun 13, 2017 11:49pm
Quoting shoot2scoot
Cable shot up 45 pips in 10 minutes and is now paused at the daily R1. Why anyone?
Potentially jacking the price up for later on post gmt time uk to short over the following 24 hour period - if lucky its shorter time period to be set so looking to sell later on pm gmt time position one of 2 over the following 24 hours might go to three BE on the first cash in on the other two .. lets see afternoon uk time where price is at, then decide if it drops then hey re load long question is where lol
  • #453,057
  • Jun 13, 2017 11:54pm Jun 13, 2017 11:54pm
Quoting Bones
Theres only one Brexit and thats leave the single market and the the customs union If the UK want to control it's borders and laws and not send money Thats why Brexit wasn't a big debate during the election btw the two main parties agree on that ,but those that oppose failed Your party lib dems who wanted another referendum like you and SNP who wanted to remain so much they were calling for Scottish Ref The moment the so called devorse bill is brought up again 60-100 bilion thats when we walk away or thats the point another election will be required...
Dont mind if i chip in here hey Tony, kinda got that feeling when May announced the election that anti brexit voters could jump to labour, a way to have their previous votes now seen and heard but as the outcome was what it is now find if difficult not to see Brexit completing, now if Labour had won then for sure the opposite, being such not really expecting alot on the markets especially this pair as leaving Europe could well now be seen as a done deal - money costs or whatever aside - the deal will be done , someone around here mentioned whats the point of elections and who cares - well 200 pip plus drop on that evening of the day just shows you who can care and why.
  • #453,058
  • Jun 14, 2017 12:13am Jun 14, 2017 12:13am
Sorry I have a bit of a Noob question. What effect does FOMC tend to have on the GBPUSD? I don't have a good feel for what causes the GBPUSD to move up and down. Nothing has been going drastically bad in the US but the GBPUSD has been moving relentlessly upwards, except for the odd leap downwards with election related news but then the upward march continues. So I am having trouble imagining what would need to happen with FOMC in order to say get the pair to go down?
  • #453,059
  • Jun 14, 2017 12:25am Jun 14, 2017 12:25am
Quoting AusFastLife
Sorry I have a bit of a Noob question. What effect does FOMC tend to have on the GBPUSD? I don't have a good feel for what causes the GBPUSD to move up and down. Nothing has been going drastically bad in the US but the GBPUSD has been moving relentlessly upwards, except for the odd leap downwards with election related news but then the upward march continues. So I am having trouble imagining what would need to happen with FOMC in order to say get the pair to go down?
I think the first question would be why do you want it to go down, by adding your own parameters your enforcing the idea to suit your own agenda perhaps, which is not how to you should look at the event. Personally waiting for the rate hike and see how it plays.
  • #453,060
  • Jun 14, 2017 12:28am Jun 14, 2017 12:28am
Quoting dean1star
{quote} I think the first question would be why do you want it to go down, by adding your own parameters your enforcing the idea to suit your own agenda perhaps, which is not how to you should look at the event. Personally waiting for the rate hike and see how it plays.
Oh I agree dean. Sorry I didn't mean to imply that I wanted a particular direction. It was more a question where I was wondering how one gets a sense for what direction particular news pushes the various pairs. Or is the answer that there is no real way of telling and the best option is just to sit news out and wait for the prices to settle down.
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