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Cable Update (GBPUSD)

  • #460,101
  • May 4, 2018 4:23am May 4, 2018 4:23am
Markets are basically doing nothing right now---everyone is waiting for the 8:30 am economic news.
  • #460,102
  • May 4, 2018 7:22am May 4, 2018 7:22am
Quoting Luzbay
I've got a buy limit pending at 1.3546, with a 16 point stop loss. If the market invites me in, great, if not, I'm not going to buy into the market until the market shows its hand.
Missed the entry by 0.6 pips.

Let's see whether that'll be painful in hindsight, or a blessing in diguise!
  • #460,103
  • May 4, 2018 7:35am May 4, 2018 7:35am
what do you guys think of the data? interesting isn't it
  • #460,104
  • May 4, 2018 7:37am May 4, 2018 7:37am
confused market .. LOL
  • #460,105
  • May 4, 2018 7:59am May 4, 2018 7:59am
Quoting Dassi
what do you guys think of the data? interesting isn't it
3.9 rate shows what strong work force or just seasonal.
Hourly earnings weak for a lower rate at 3.9 offers credability to the previous comment
and of course the nfp target was not going to be reached this time of year so personally would say on par but you cant have sunshine every day of the year ..

perhaps now they will finish this down trend so we can start buying em back .. with them ..

Like him or loathe him you must say that Trump works hard as a deal maker especially for the general work force, and i think he created the largest millitary budget ever seen this year - however i remember a few years ago before fake news he was shouting fake jobs report .. so take what you can from it
  • #460,106
  • May 4, 2018 8:00am May 4, 2018 8:00am
Compared to other major USD pairs, GBPUSD had a lot less volatilty with this data release.

Maybe the move is yet to come....?
  • #460,107
  • May 4, 2018 8:04am May 4, 2018 8:04am
the three black crows on the W1 timeframe show there are no real bulls on the market.
Anything is math!
  • #460,108
  • May 4, 2018 8:09am May 4, 2018 8:09am
this market is seriously annoying me
  • #460,109
  • May 4, 2018 8:09am May 4, 2018 8:09am
No real bulls, the bears want another level, 1.3500 or under?

Overall it is a strong drop without retracement.
Intraday only.
  • #460,110
  • May 4, 2018 8:11am May 4, 2018 8:11am
heading to january support ~3486...
Anything is math!
  • #460,111
  • May 4, 2018 8:32am May 4, 2018 8:32am
next week to 1.3370
  • #460,112
  • May 4, 2018 8:41am May 4, 2018 8:41am
Quoting Nala66
I am off to bed now but if you see the 1 hour put in an impulse bar taking it below the 3501 average then the next target low will be the 3385 level.
There we go with the impulse bar
  • #460,113
  • May 4, 2018 8:52am May 4, 2018 8:52am
Quoting Nala66
{quote} There we go with the impulse bar
i do not think there will be more one hundred pips today, average daily range is almost perfectly done, but who knows...
Attached Image (click to enlarge)
Click to Enlarge Name: gu_daily_range.png Size: 17 KB
Anything is math!
  • #460,114
  • May 4, 2018 9:08am May 4, 2018 9:08am
Quoting Trade-G
1.34859 can be tested.
How about that low of 1.34856....
  • #460,115
  • May 4, 2018 9:11am May 4, 2018 9:11am
Although the move for downswing is now about there, it doesn't mean it cannot go down further..... good weekend all....
  • #460,116
  • May 4, 2018 9:17am May 4, 2018 9:17am
next major support is around 1.33. Nothing to stop this freight train untill then
  • #460,117
  • May 4, 2018 9:21am May 4, 2018 9:21am
Quoting Trade-G
{quote} That's great, Its supposed to be a down week this week with either Thursday or Friday having the lowest low..... those in shorts from above could possibly be closing up by tomorrow.... lol
Hence the lowest low for Friday is done.
  • #460,118
  • May 4, 2018 9:25am May 4, 2018 9:25am
Kanpai ! warm sake taste good on nights like these
  • #460,119
  • May 4, 2018 9:27am May 4, 2018 9:27am
Quoting Trade-G
{quote} How about that low of 1.34856....
That impulse bar failed to close below the swing average so I suspect a turn to the long side now but of course we need to wait for the heavydance.

I am looking at longs now...
  • #460,120
  • May 4, 2018 9:29am May 4, 2018 9:29am
Quoting Nala66
{quote} That impulse bar failed to close below the swing average so I suspect a turn to the long side now but of course we need to wait for the heavydance. I am looking at longs now...
Was out of a scalp long just awhile ago.... stop tempting me !
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