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Cable Update (GBPUSD)

  • #454,941
  • Sep 17, 2017 10:52am Sep 17, 2017 10:52am
still I will be challenged by people trading 5 min ,
I have to dig deep to find decent members better than me to learn from
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #454,942
  • Sep 17, 2017 11:37am Sep 17, 2017 11:37am
Quoting Bones
still I will be challenged by people trading 5 min , I have to dig deep to find decent members better than me to learn from
Hi,

What's your opinion on this trendline? That's where the parabolic ascent seems to have stopped for the moment....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 143 KB
  • #454,943
  • Sep 17, 2017 11:40am Sep 17, 2017 11:40am
It lines with gap and is noteworthy
that gap will close ,no doubt in my mind
line is current 2 point -long distance
if it falls next week later that gap will fill coming so far

cable is bullish over 1.3

Quoting ez0770
{quote} Hi, What's your opinion on this trendline? That's where the parabolic ascent semmes to have stopped for the moment.... {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #454,944
  • Sep 17, 2017 11:48am Sep 17, 2017 11:48am
Quoting Bones
It lines with gap and is noteworthy that gap will close ,no doubt in my mind line is current 2 point -long distance if it falls next week later that gap will fill coming so far cable is bullish over 1.3 {quote}
1.30 seems miles away after this rally. I reckon even 1.3350 is a decent support and it might be a while before we revisit that too. BOE was a short term game changer, cable will remain a buy on dip for a while, unless we get a strong catalyst to the downside, which could be USD strength post FOMC or very negative news on Brexit...both scenarios seem unlikely for the time being but let's see....thanks for your opinion
  • #454,945
  • Edited 12:09pm Sep 17, 2017 11:52am | Edited 12:09pm
I can show you 6 month ,this tl is gone
and why I choose that number other than the obvious
6 month was 3 point
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 300 cable 6 month Screenshot 2017-09-17_17-37-07.png Size: 88 KB
Click to Enlarge Name: 500-w1 Screenshot 2017-09-17_18-08-15.png Size: 72 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #454,946
  • Sep 17, 2017 4:04pm Sep 17, 2017 4:04pm
Pulled back 20 pips already.
  • #454,947
  • Sep 17, 2017 9:01pm Sep 17, 2017 9:01pm
I'm expecting consolidation in the beginning of the week before the pair uptrend extend further.
  • #454,948
  • Sep 17, 2017 9:17pm Sep 17, 2017 9:17pm
No big fundamental force today to move , last Friday was over bought so I don't think today GBPUSD will up more than 100 pips , I think 50 pips down may will happen
  • #454,949
  • Sep 18, 2017 12:42am Sep 18, 2017 12:42am
Inserted Video
  • #454,950
  • Sep 18, 2017 1:53am Sep 18, 2017 1:53am
WEEKLY REPORT
Ubi maior minor cessat
  • #454,951
  • Sep 18, 2017 2:47am Sep 18, 2017 2:47am
Nice pullback, 15 mins to hourly closing.
  • #454,952
  • Sep 18, 2017 2:49am Sep 18, 2017 2:49am
Quoting Trade-G
Nice pullback, 15 mins to hourly closing.
it still in uptrend ?
  • #454,953
  • Sep 18, 2017 2:53am Sep 18, 2017 2:53am
Quoting FloatingCha
{quote} it still in uptrend ?
Gbp is on uptrend because of empty bla bla talk
  • #454,954
  • Sep 18, 2017 3:00am Sep 18, 2017 3:00am
Quoting FloatingCha
{quote} it still in uptrend ?
What timeframe are you trading? Lower timeframe, its just move down, higher timeframe like H1 & H4 is up trending, so is Daily - a previous lower higher was breached last week. So it depends on your trading timeframe
  • #454,955
  • Sep 18, 2017 4:02am Sep 18, 2017 4:02am
I will star buy scalping if market retrace to up
Attached Image (click to enlarge)
Click to Enlarge Name: 2017_09_18_14.26.41.jpg Size: 122 KB
  • #454,956
  • Sep 18, 2017 7:27am Sep 18, 2017 7:27am
My view is cable most likely to find supp at 3532 current lows and res at 3627
  • #454,957
  • Sep 18, 2017 9:02am Sep 18, 2017 9:02am
Hello Cable traders and speculators! The forum seems to have lost some of its interest in Cable just as it's heating up! Odd eh?

I don't have a position on the pair itself but am playing on the Gilts front, so this is the most relevant thread I could think of to post my current trade. It's a short on gilts, first entered a few days ago and then added to,, a couple days later. Stops were initially at the top pink line. Then at the highest red line, now at the lowest red (break-even on the first entry positions). Hopefully they will survive this week and give me opportunities to lower stops even more. Current targets are not visible on chart. They're around 121.50

I also just entered a small long on FTSE, which took a beating the last couple of days. Will post that afterwards.
In general, I am bearish USD and remain bullish stocks and crude.

UK Gilts daily chart:
Attached Image (click to enlarge)
Click to Enlarge Name: Gilts daily 18Sep2017.jpg Size: 186 KB
  • #454,958
  • Sep 18, 2017 9:58am Sep 18, 2017 9:58am
And hear we go Mr bla bla
  • #454,959
  • Sep 18, 2017 10:01am Sep 18, 2017 10:01am
<p>
Quoting ItsAtrap
Hello Cable traders and speculators! The forum seems to have lost some of its interest in Cable just as it's heating up! Odd eh? I don't have a position on the pair itself but am playing on the Gilts front, so this is the most relevant thread I could think of to post my current trade. It's a short on gilts, first entered a few days ago and then added to,, a couple days later. Stops were initially at the top pink line. Then at the highest red line, now at the lowest red (break-even on the first entry positions). Hopefully they will survive this week...
Gov Carney messing with Cable
  • #454,960
  • Sep 18, 2017 10:15am Sep 18, 2017 10:15am
Quoting abhilash
Strong movement in pound. Sold at 1.3581. SL 1.3650. TP open. Lets see how she rolls. {image} {image}
Bearish PA on 1hr. SL moved to be.
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