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Cable Update (GBPUSD)

  • #472,561
  • Dec 12, 2018 3:45am Dec 12, 2018 3:45am
Added another short, target 1.2400
Just a Tiger hunting Bulls & Bears.
  • #472,562
  • Dec 12, 2018 3:47am Dec 12, 2018 3:47am
Quoting muotre
We're seeing some interesting movements yesterday and today. Yesterday when the news came out that the voting round for no confidence in PM May was triggered, the GBP kept falling, all the way to 1.248 Today when the news came out that 'if May goes, it will delay article 50', the GBP shot up 55 pips to a max of 1.255. Later on today they will actually vote. How do you think the GBP will react if May loses the confidence vote? Will the GBP drop like a rock? Or will it actually go up again, because then article 50 will probably be delayed?
Either way does not look like a happy outcome for the british people ... uncertainty remains. Almost three years of circus without any result. How can that be a positive political development?
Fix up, trade sharp ...
  • #472,563
  • Dec 12, 2018 3:48am Dec 12, 2018 3:48am
Quoting mrpips911
Added another short, target 1.2400

Too early, base your gbp trade off the US dollar
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #472,564
  • Dec 12, 2018 4:41am Dec 12, 2018 4:41am
Very choppy. Maybe 1.2560 ish first, maybe just more down from here, who knows ...
Fix up, trade sharp ...
  • #472,565
  • Dec 12, 2018 4:44am Dec 12, 2018 4:44am
Quoting Hickson
Very choppy. Maybe 1.2560 ish first, maybe just more down from here, who knows ...
I think I might have 2580 as resistance . But worth noteing your number
  • #472,566
  • Dec 12, 2018 4:45am Dec 12, 2018 4:45am
If T May wins vote , what is the best guess on how it will affect EUR/GBP ? Thanks in advance ~
  • #472,567
  • Dec 12, 2018 5:04am Dec 12, 2018 5:04am
the £ is suported by deluded May as she runs
but against who ? meeting at mo where someones being chosen which can move market if big hitter
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #472,568
  • Dec 12, 2018 5:05am Dec 12, 2018 5:05am
If May loses here the deal is dead ,I would say the deal is dead anyway it came to this ,they still won't vote for it
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #472,569
  • Dec 12, 2018 5:19am Dec 12, 2018 5:19am
Attached Image (click to enlarge)
Click to Enlarge Name: 222 GBPUSD-1-hour.png Size: 29 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #472,570
  • Dec 12, 2018 5:20am Dec 12, 2018 5:20am
If May loses no doubt the pound will fall vs USD . However , EUR has more of a dog in this fight and will be more affected . That's why I waiver on how it will move . I'm currently long EUR/GBP but will be hedging nearer the vote .
  • #472,571
  • Dec 12, 2018 5:26am Dec 12, 2018 5:26am
Quoting Hickson
{quote} Looks like finally you have revealed your secret ...
What did we say .
  • #472,572
  • Dec 12, 2018 6:21am Dec 12, 2018 6:21am
Quoting elbert3
{quote} What did we say .
I'd say he would brag a lot today about some shorts being stopped out. But who cares. Because they were stopped out. Hard stops.
Fix up, trade sharp ...
  • #472,573
  • Dec 12, 2018 6:32am Dec 12, 2018 6:32am
GBP USD
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 33 KB
  • #472,574
  • Dec 12, 2018 6:39am Dec 12, 2018 6:39am
longs in real play now
  • #472,575
  • Dec 12, 2018 6:40am Dec 12, 2018 6:40am
up 100 on the day now....I sit on my hands a while...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 70 KB
Look Sharp/Trade Tight
  • #472,576
  • Dec 12, 2018 6:46am Dec 12, 2018 6:46am
Quoting squidster85
no clear setup yet as there is imbalance between EURUSD and GBPUSD...with the current position it looks like GU is doing a setup for an upward move.
as I said, this seems to have worked.
  • #472,577
  • Dec 12, 2018 6:47am Dec 12, 2018 6:47am
what a pair, insane week.
  • #472,578
  • Dec 12, 2018 6:49am Dec 12, 2018 6:49am
What a bull.
We may see failed breakout on weekly chart.
  • #472,579
  • Dec 12, 2018 6:50am Dec 12, 2018 6:50am
check the numbers of traders buying cable, dropped from yesterday 10%, they switched to the bear side and today they are busted, lol.
  • #472,580
  • Dec 12, 2018 6:51am Dec 12, 2018 6:51am
Update, correction doing well.
https://www.forexfactory.com/showthr...1#post11791901
Not understand?better not follow my analyses!doubt clearer first, risks ++
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