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Cable Update (GBPUSD)

  • #453,201
  • Jun 21, 2017 4:27am Jun 21, 2017 4:27am
Quoting smikester
Where is everyone? USA just raised rates, UK government in disarray. Are you reading The Daily Mail?
And we are short swimming in profits.

What's there to talk about?
Come with me if you want to live....
  • #453,202
  • Jun 21, 2017 4:35am Jun 21, 2017 4:35am
Quoting 10cents
{quote} Thanks. Short at 1.2630 is that what you mean? Frankly i don't monitor the opening........ i got up late today and price was already at 91 so i bought some.

HINT :

Try it to DRAW the Price 1.2630 with a Horizontal Line in your H1 Chart's.
And then make it your H1 Chart in SMALL View. Take a look All Candles in around that's Horizontal Line.

You will got the Answer...



NOTE :
I like use the Price 1.2635 for these
Always looking the GREAT, never left GOOD Point...
  • #453,203
  • Jun 21, 2017 4:59am Jun 21, 2017 4:59am
Attached Image (click to enlarge)
Click to Enlarge Name: _gbpusd_0.png Size: 26 KB
  • #453,204
  • Jun 21, 2017 5:04am Jun 21, 2017 5:04am
Quoting Tsar
{quote} HINT : Try it to DRAW the Price 1.2630 with a Horizontal Line in your H1 Chart's. And then make it your H1 Chart in SMALL View. Take a look All Candles in around that's Horizontal Line. You will got the Answer... NOTE : I like use the Price 1.2635 for these
I'm already trading from a mobile device at work Lol. Not sure how much smaller i can take.

1.2635 seems interesting......... will get a look in when i get home. I'm watching 1.2650 as of now so i can move my stop up....... but i suspect we will get a 1.27xx print pretty soon.
  • #453,205
  • Jun 21, 2017 5:07am Jun 21, 2017 5:07am
Quoting giveachance
{quote} so u read the newspapers and decide whether to short or long. just because it broke yesterday's low it was a short is it?? did you ever think that there is something called option expiry and attraction to a price at some level just to pick longs
Don't be ridiculous. Go long then if you know all about option expiries. Here's a link that may help you. I just don't think long is a good call in such a strong down trend and little room for manouvre by the Bank of England

However, if you think options and attraction could reverse all this news, I hold up my hands to your superior knowledge. And I'll probably skulk off.
Gone to a better place
  • #453,206
  • Jun 21, 2017 5:08am Jun 21, 2017 5:08am
Seriously, though, looks worth a short trade now, off the open price.
Gone to a better place
  • #453,207
  • Jun 21, 2017 5:21am Jun 21, 2017 5:21am
Quoting Ill-b-back
{quote} And we are short swimming in profits. What's there to talk about?
Good for you Ill-b-back. I liked this chart. Probably some good support around 1.24 in a week or two?
Gone to a better place
  • #453,208
  • Jun 21, 2017 5:30am Jun 21, 2017 5:30am
Quoting Tsar
{quote} HINT : Try it to DRAW the Price 1.2630 with a Horizontal Line in your H1 Chart's. And then make it your H1 Chart in SMALL View. Take a look All Candles in around that's Horizontal Line. You will got the Answer... NOTE : I like use the Price 1.2635 for these
Hey Tsar! 1.2635 is also the weekly low of 4th June, so quite important. I'm learning all the time...
Gone to a better place
  • #453,209
  • Jun 21, 2017 5:33am Jun 21, 2017 5:33am
Quoting 10cents
{quote} Thanks. Short at 1.2630 is that what you mean? Frankly i don't monitor the opening........ i got up late today and price was already at 91 so i bought some.
Actually if we get an hourly close above that number, a strong close, I would consider that to be very bullish, and I'm guessing a lot of weak shorts would close, which would cause the run of 200 pips you mentioned. That daily open number is often a teaser...
Gone to a better place
  • #453,210
  • Jun 21, 2017 5:52am Jun 21, 2017 5:52am
Breakout coming UP
  • #453,211
  • Jun 21, 2017 6:07am Jun 21, 2017 6:07am
First target should be around 1.2720 or more.......... hopefully it gets there........ won't rule out a 1.28xx print somewhere down the road.

Left everybody wondering when the purge is gonna come.....
  • #453,212
  • Jun 21, 2017 6:14am Jun 21, 2017 6:14am
Shorting cable @ 1.2685 for 100 sl/tg
  • #453,213
  • Jun 21, 2017 6:24am Jun 21, 2017 6:24am
a strong trend is red all the way

Quoting smikester
{quote} Don't be ridiculous. Go long then if you know all about option expiries. Here's a link that may help you. I just don't think long is a good call in such a strong down trend and little room for manouvre by the Bank of England However, if you think options and attraction could reverse all this news, I hold up my...
Attached Image (click to enlarge)
Click to Enlarge Name: USD (DFB).png Size: 36 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #453,214
  • Jun 21, 2017 6:30am Jun 21, 2017 6:30am
fake or real break this time?
i am getting annoyed
  • #453,215
  • Edited 6:50am Jun 21, 2017 6:37am | Edited 6:50am
Quoting smikester
{quote} Hey Tsar! 1.2635 is also the weekly low of 4th June, so quite important. I'm learning all the time...
Dear Mike,

Nice to meet you again...

I found Something interested in 2 Weeks.
The Deferent Time Frimes find Deferent Results.

NOTE :
BLUE Line is 1 Month line
RED Line is 4 Month line.
WHITE Line as Yearly line.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Cable Daily MA 2017-06-21.jpg Size: 585 KB
Click to Enlarge Name: Cable Weekly Fibo F 2017-06-21.jpg Size: 674 KB
Click to Enlarge Name: Cable Weekly MMuray 2017-06-21.jpg Size: 471 KB
Always looking the GREAT, never left GOOD Point...
  • #453,216
  • Jun 21, 2017 6:37am Jun 21, 2017 6:37am
Quoting AusFastLife
{quote} Geez, sarcastic much .
I realise the recent failed snap election and Brexit are the current concerns in the UK, and if that makes everyone feel a bit pessimistic for the future then I can see why the GBPUSD would head south. But those things did not happen yesterday,.... s, not just the general disappointment that we all feel towards our politicians...
Well, I'm not trading pound, definitely not buying it
So yes I'm biased and sarcastic

One should draw the line between long term trade and 1H trade, the latter could be more profitable if you have the time.
✌
Beware of robber banks (RB), bad advisors.
  • #453,217
  • Jun 21, 2017 7:06am Jun 21, 2017 7:06am
2 longs on the go 126 100 and 126 200 looking to close est around 127 800
might go for 127 500 thats est 270 pips plus some change see how it plays
running 2 longs on the euro but thats a slower game naturally
  • #453,218
  • Jun 21, 2017 7:10am Jun 21, 2017 7:10am
Quoting 10cents
{quote} I'm already trading from a mobile device at work Lol. Not sure how much smaller i can take. 1.2635 seems interesting......... will get a look in when i get home. I'm watching 1.2650 as of now so i can move my stop up....... but i suspect we will get a 1.27xx print pretty soon.
I know it...
After PA touch DEMAND Area ( Magenta Box )

Btw... the Next time will changes Defferent Trend if Price still in Below the GREEN Line
Always looking the GREAT, never left GOOD Point...
  • #453,219
  • Jun 21, 2017 7:17am Jun 21, 2017 7:17am
Quoting Tsar
{quote} I know it... After PA touch DEMAND Area ( Magenta Box ) Btw... the Next time will changes Defferent Trend if Price still in Below the GREEN Line
Here the H4 Chart...
Attached Image (click to enlarge)
Click to Enlarge Name: Cable H4 Chart 2017-06-21.jpg Size: 608 KB
Always looking the GREAT, never left GOOD Point...
  • #453,220
  • Jun 21, 2017 7:37am Jun 21, 2017 7:37am
Haldine looking at hiking- but when

"How soon is relatively soon? I considered the case for a rate rise at the MPCs June meeting. I felt then
there were strong grounds for holding back until later in the year, for two reasons.
First, despite upwards pressure on inflation, there are still few signs of higher wage growth.
And despite robust surveys, there is still some chance of a sharper than expected slowing in the economy.
Both are reasons for monetary policy not to rush its fences.
Nor does it need to do so, given the slow build of nominal pressures in the economy"
Nonetheless that fact that he is now looking to hike later in the year is a big move from a dove.

Shame Vlieghe is not going to talk before the August meeting.
But looking at his previous speeches - he said that wage inflation needs to improve.
This is not what we have at the moment.
https://www.ft.com/content/3de77960-...c-6d03d067f81f

Employment and wage inflation figures are going to be really important looking into the future
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