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Cable Update (GBPUSD)

  • #462,241
  • Jul 13, 2018 5:42pm Jul 13, 2018 5:42pm
UJ set for a retest?
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  • #462,242
  • Jul 13, 2018 5:57pm Jul 13, 2018 5:57pm
I am sure you guys keep bringing up that sad old tale of Brexit just to P@#$ me off...Get over it that was ages ago, you like Man Lands On The Moon.

What the heck has it to do with anything today. If you guys pay more attention to what the dollar is doing rather than the pound you will be better off.

Look can't you see the dollar weakened across the board....
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  • #462,243
  • Jul 13, 2018 6:13pm Jul 13, 2018 6:13pm
Quoting Nala66
I am sure you guys keep bringing up that sad old tale of Brexit just to P@#$ me off...Get over it that was ages ago, you like Man Lands On The Moon. What the heck has it to do with anything today. If you guys pay more attention to what the dollar is doing rather than the pound you will be better off. Look can't you see the dollar weakened across the board.... {image}
Meanwhile, the Pound strengthened across the board
Are you saying the ongoing negotiations of the NATURE of Brexit are irrelevant?
Come with me if you want to live....
  • #462,244
  • Jul 13, 2018 6:27pm Jul 13, 2018 6:27pm
3332 looks like a potential bearish reaction zone if we get there
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  • #462,245
  • Jul 13, 2018 7:27pm Jul 13, 2018 7:27pm
Quoting Ill-b-back
{quote} Meanwhile, the Pound strengthened across the board Are you saying the ongoing negotiations of the NATURE of Brexit are irrelevant?
Absolutely!!!!!!
  • #462,246
  • Edited 9:07pm Jul 13, 2018 8:29pm | Edited 9:07pm
Quoting Nala66
{quote} Absolutely!!!!!!
Ok, you might live in a vacuum, but I don't.

I'll try not to talk about Minister resignations, US rejection, then May's acceptance of a potential US trade deal, and associated Pound reactions (all of which have been associated with the current state of Brexit negotiations), and just focus on the $.
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  • #462,247
  • Jul 13, 2018 10:23pm Jul 13, 2018 10:23pm
Quoting Ill-b-back
3332 looks like a potential bearish reaction zone if we get there
maybe mate..
if see at dxy n cabel now,more upside to come for cabel and more downside for dxy..
but who know..
some tweet or news come n change eveythings
maybe i’m wrong️
just for a cup of coffee...
  • #462,248
  • Jul 13, 2018 10:28pm Jul 13, 2018 10:28pm
Quoting akim0895
{quote} maybe mate.. if see at dxy n cabel now,more upside to come for cabel and more downside for dxy.. but who know.. some tweet or news come n change eveythings maybe i’m wrong️
Yep, looking for more cable upside to important fib/price mentioned above, before considering shorts.
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  • #462,249
  • Jul 13, 2018 10:43pm Jul 13, 2018 10:43pm
Quoting Ill-b-back
{quote} Yep, looking for more cable upside to important fib/price mentioned above, before considering shorts.
yes mate
just for a cup of coffee...
  • #462,250
  • Jul 13, 2018 11:07pm Jul 13, 2018 11:07pm
Quoting akim0895
{quote} yes mate
Well, at the risk of sounding annoying, if May abandons the white paper in favour of a US deal, EU will continue threats of a no deal or extremely hard Brexit.
Sorry, no ribbons for guessing what that will do to the Pound, for those who take an interest.

Of course, the timing of the EU threat will be at a "convenient" price point as usual
Come with me if you want to live....
  • #462,251
  • Jul 14, 2018 12:02am Jul 14, 2018 12:02am
Quoting Ill-b-back
{quote} Well, at the risk of sounding annoying, if May abandons the white paper in favour of a US deal, EU will continue threats of a no deal or extremely hard Brexit. Sorry, no ribbons for guessing what that will do to the Pound, for those who take an interest. Of course, the timing of the EU threat will be at a "convenient" price point as usual
Not at all mate, you are not annoying but the text is irrelevant. Price is everything and weakness is seen as opportunity.

The GBP went into decline long before the term Brexit was even thought of. Once price fails to make a HH it turns to test the opposite direction, always has done and always will do. This is the average of price I am talking about and forms a cycle. We could look at very long term cycles on the monthly chart or short cycles on the 1 minute chart or indeed as you do the 4 hour chart. It is a matter of choice and how you structure your money management.

I have no interest at all in the politics, all I want to know is if price is going up or down at the time so I can make a profit which is how I earn my living for the past decade. I don't take every cent, just my share and then I am done for the day because trading is very boring but pays well.

Here is the 5 min chart which is ideal for the daily events. Now all politics aside can you not see that failure of the average on one side leads to success (Mostly) on the opposite side during that days trading.
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  • #462,252
  • Jul 14, 2018 12:12am Jul 14, 2018 12:12am
yesterday i set pending long around 3100 n 30850
never trigger..
only have jump n out for some green pips
just for a cup of coffee...
  • #462,253
  • Edited 5:13am Jul 14, 2018 3:19am | Edited 5:13am
Quoting Nala66
{quote} Not at all mate, you are not annoying but the text is irrelevant. Price is everything and weakness is seen as opportunity. The GBP went into decline long before the term Brexit was even thought of. Once price fails to make a HH it turns to test the opposite direction, always has done and always will do. This is the average of price I am talking about and forms a cycle. We could look at very long term cycles on the monthly chart or short cycles on the 1 minute chart or indeed as you do the 4 hour chart. It is a matter of choice and how you...
I'm relieved you aren't annoyed, from your original post on the matter, it sounded like you were. I realise you PERSONALLY find it irrelevant, but this isn't the Nala thread.

I don't trade your approach, I don't understand how you calculate your average prices or what you even mean by it.
Come with me if you want to live....
  • #462,254
  • Jul 14, 2018 4:14am Jul 14, 2018 4:14am
GBPUSD H4
SELL Att 1.3235/1.3255 TP:1.3165 SL:1.3320
( 2018/07/14)
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  • #462,255
  • Jul 14, 2018 4:23am Jul 14, 2018 4:23am
d1
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  • #462,256
  • Jul 14, 2018 10:47am Jul 14, 2018 10:47am
I am bear in gu for long time target 0.58/600 around with active very big hs , pull back & to continue down . ok in smaller tf there are ups & down leg . presently on a good sr may bounce but may not that easily . so can complete the channel for d bottom or so , & bo upside need break 1.3362 & 1.3471. so careful all for bull .bears can do at any probable /logical top for test with be or a good trade long term. just see the weekly & month charts .Take care , fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #462,257
  • Jul 14, 2018 6:02pm Jul 14, 2018 6:02pm
Quoting Nala66
{quote} Not at all mate, you are not annoying but the text is irrelevant. Price is everything and weakness is seen as opportunity. The GBP went into decline long before the term Brexit was even thought of. Once price fails to make a HH it turns to test the opposite direction, always has done and always will do. This is the average of price I am talking about and forms a cycle. We could look at very long term cycles on the monthly chart or short cycles on the 1 minute chart or indeed as you do the 4 hour chart. It is a matter of choice and how you...
Sorry Nala, I should have worded my last post better, I don't want to discourage you or anyone from posting info here.
Just meant to say this is a global public forum and there will be lots of info from traders which we might not find relevant, but they and others do.

There are pages of info in here I find irrelevant to my approach.

I don't think we should stifle discussion because the topic is not relevant to us.

If we don't find something relevant, why not just ignore it?
Come with me if you want to live....
  • #462,258
  • Jul 15, 2018 1:15pm Jul 15, 2018 1:15pm
daily chart
Attached Image (click to enlarge)
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yes yes yes
  • #462,259
  • Jul 15, 2018 8:28pm Jul 15, 2018 8:28pm
Quoting Moty
daily chart {image}
MMM similar patten on Ozz.. worth a bet in my opnion any pback i will watch with interest
  • #462,260
  • Jul 16, 2018 12:15am Jul 16, 2018 12:15am
I have a pending order @1,31700..wish me luck on Cable..
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