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Cable Update (GBPUSD)

  • #466,241
  • Oct 18, 2018 5:20am Oct 18, 2018 5:20am
Quoting Trade-G
{quote} Sometimes black sometimes latte depends on day... locally we have this kopi ka C (literally means coffee with a little condensed milk and evaporated milk) delicious, sometimes SEA black coffee roast is nice too with a little sugar.
Double, Double pls.
Intraday only.
  • #466,242
  • Oct 18, 2018 5:34am Oct 18, 2018 5:34am
I have 1 hour tl , price is just touching that so any break over might just see my target higher then upper tl is about 3200 . On the short play 1.. rejection here then if possible to takeout this mornings low then we look to 3030 which again posted couple of days ago .. so that's the opinion.. but trade your own trade E
  • #466,243
  • Oct 18, 2018 5:35am Oct 18, 2018 5:35am
Quoting elbert3
I have 1 hour tl , price is just touching that so any break over might just see my target higher then upper tl is about 3200 . On the short play 1.. rejection here then if possible to takeout this mornings low then we look to 3030 which again posted couple of days ago .. so that's the opinion.. but trade your own trade E
3136 is 38% 3150 is 50 and so on
  • #466,244
  • Oct 18, 2018 5:47am Oct 18, 2018 5:47am
Quoting muotre
Why didn't the gbp drop at the bad news release this morning? I can't really explain it, it goes against news trading logic so hope someone here can enlighten me
Market Pattern, Yes she go down, but not directly down. Inside of this pattern are R on top & S on bottom.
Pound need take a rest, coffee break, drink coffee + , and after that Pound will continue traveling down. Are you drink coffee like a Pound Sterling?
  • #466,245
  • Oct 18, 2018 6:23am Oct 18, 2018 6:23am
Quoting elbert3
{quote} 3136 is 38% 3150 is 50 and so on
I was reading your recent post asking the question about a big drop in cable and euro and I think it's quite possible, certainly in cable. I want to see if cable makes it to 1.3140 - 1.3150 and what it does there. I find the weekend gap very suspicious. It is confusing though, what with Trump wanting a weaker dollar.
Gone to a better place
  • #466,246
  • Oct 18, 2018 6:33am Oct 18, 2018 6:33am
Quoting smikester
{quote} I was reading your recent post asking the question about a big drop in cable and euro and I think it's quite possible, certainly in cable. I want to see if cable makes it to 1.3140 - 1.3150 and what it does there. I find the weekend gap very suspicious. It is confusing though, what with Trump wanting a weaker dollar.
Agreed. Yes, you are right, and that gap was a short time.
  • #466,247
  • Oct 18, 2018 6:38am Oct 18, 2018 6:38am
Quoting muotre
Why didn't the gbp drop at the bad news release this morning? I can't really explain it, it goes against news trading logic so hope someone here can enlighten me
Do you see the Pound now? She start moving down now ahead of the New York Open. Do you read my answer of your question? Don't be confuse, Sterling just needs coffee, especially humans.

My advise is: If you trade GBP, don't forget drink coffee
  • #466,248
  • Oct 18, 2018 6:45am Oct 18, 2018 6:45am
Everybody is focusing on the Pound due to Brexit but its the Dollar going strong. Big hands are parking their money in Dollars. Euro, Pound no good. china not ready etc etc
POSTMASTER
  • #466,249
  • Oct 18, 2018 6:51am Oct 18, 2018 6:51am
Quoting akim0895
long some..tight stop i thinks we might see 3130-55 again before 3027 i might be wrong too️
test 3130 and drop️
just for a cup of coffee...
  • #466,250
  • Oct 18, 2018 7:06am Oct 18, 2018 7:06am
Quoting conglomerate
{quote} Do you see the Pound now? She start moving down now ahead of the New York Open. Do you read my answer of your question? Don't be confuse, Sterling just needs coffee, especially humans. My advise is: If you trade GBP, don't forget drink coffee
Hi, yes i read your reply, thanks. What i don't really understand though is the very short term reaction of that news. I usually trade the short term of a couple of minutes to maybe max 30 minutes.

Normally such bad news at least reacts shortly, starting the minute the news is released.

This happened this time as well, but completely the other direction than what the news was: See the minute chart. Right at the news release time it went up instead of down:

Attached Image (click to enlarge)
Click to Enlarge Name: gbp-bearish-news-bull-reaction.png Size: 31 KB


This is what i don't understand.
  • #466,251
  • Oct 18, 2018 7:11am Oct 18, 2018 7:11am
Quoting akim0895
{quote} test 3130 and drop️
akiiiiiimmmmm
  • #466,252
  • Oct 18, 2018 7:19am Oct 18, 2018 7:19am
UCHF break Daily resistance 0.9954 , soon UCAD will break Daily resistance too 1.3070. GU should be break Monday lower gap 1.30820 . Brexit...Brexit....
  • #466,253
  • Oct 18, 2018 7:28am Oct 18, 2018 7:28am
Quoting conglomerate
UCHF break Daily resistance 0.9954 , soon UCAD will break Daily resistance too 1.3070. GU should be break Monday lower gap 1.30820 . Brexit...Brexit....
cabel still trading above 3080 mate..i’m not feeling good yet..
just for a cup of coffee...
  • #466,254
  • Oct 18, 2018 7:33am Oct 18, 2018 7:33am
Quoting akim0895
{quote} cabel still trading above 3080 mate..i’m not feeling good yet..
Alright
  • #466,255
  • Oct 18, 2018 7:36am Oct 18, 2018 7:36am
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.USD.TRADE.jpg Size: 71 KB
to err is human
  • #466,256
  • Oct 18, 2018 7:43am Oct 18, 2018 7:43am
Quoting smikester
{quote} I was reading your recent post asking the question about a big drop in cable and euro and I think it's quite possible, certainly in cable. I want to see if cable makes it to 1.3140 - 1.3150 and what it does there. I find the weekend gap very suspicious. It is confusing though, what with Trump wanting a weaker dollar.
weak dollar is good for the economy because more foreign investment will be attracted to US.strong dollar only favours US consumers
  • #466,257
  • Oct 18, 2018 7:46am Oct 18, 2018 7:46am
Quoting akim0895
{quote} test 3130 and drop️
Don't get it twisted bro.... You might still see it in 1.3265 before the day ends... Stay green
Data + Stat + Risk/Emotions Management
  • #466,258
  • Oct 18, 2018 7:49am Oct 18, 2018 7:49am
Quoting Georginson
{quote} Don't get it twisted bro.... You might still see it in 1.3265 before the day ends... Stay green
ha ha
i still have 3 more running long mate
all stop at bE..
so..get some and rilex️
just for a cup of coffee...
  • #466,259
  • Oct 18, 2018 7:52am Oct 18, 2018 7:52am
Quoting elbert3
I have 1 hour tl , price is just touching that so any break over might just see my target higher then upper tl is about 3200 . On the short play 1.. rejection here then if possible to takeout this mornings low then we look to 3030 which again posted couple of days ago .. so that's the opinion.. but trade your own trade E
As above but reduction from that tl at this time sees the 3100 test area so keep working on the 5 min chart
  • #466,260
  • Oct 18, 2018 7:59am Oct 18, 2018 7:59am
Quoting elbert3
{quote} As above but reduction from that tl at this time sees the 3100 test area so keep working on the 5 min chart
On the 5 min we had a small look over the line and it is forming a pennant shape so we now have one of my old plays price was 3129 at failed break
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