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Cable Update (GBPUSD)

  • #473,721
  • Jan 18, 2019 1:15am Jan 18, 2019 1:15am
This on the the release of retail sales at the bottom of the hour

https://www.forexlive.com/news/!/gbp...ds-up-20190118
Don't Leave Money on the Table
  • #473,722
  • Jan 18, 2019 1:18am Jan 18, 2019 1:18am
Quoting HaLBot
This on the the release of retail sales at the bottom of the hour https://www.forexlive.com/news/!/gbp...ds-up-20190118
Maybe more, EUR/GBP is heading towards .8840s where is the trendline and has some resistance on 4 h, but we ll see
  • #473,723
  • Jan 18, 2019 1:20am Jan 18, 2019 1:20am
Quoting kazachokings
{quote} Maybe more, EUR/GBP is heading towards .8840s where is the trendline and has some resistance on 4 h, but we ll see
Yeah and yesterday was a real buy on the rumour event, so possible head south....but don't trade of my opinions...LOL

Made a nice little piece of money yesterday on the first spike...
Don't Leave Money on the Table
  • #473,724
  • Jan 18, 2019 1:22am Jan 18, 2019 1:22am
Cable is coming off of the daily 200ema just as it did in Sept, Oct, and November, so purely technical move just as this recent bullish phase has been. Difficult to see just how far it may drop back this time, but I have it in a more bullish set up that I did in the autumn, so I think it will move higher, perhaps to 1,3640 by year end, especially if the the dollar continues its downward slide. I expect this clearly very strong 1,2500 support level to hold.

There will of course be Brexit boosts and shocks along the way, but the pound looks set to rise regardless.
  • #473,725
  • Jan 18, 2019 1:26am Jan 18, 2019 1:26am
Mid term. We will see 13200 reach before 12600 and then towards 13600
POSTMASTER
  • #473,726
  • Jan 18, 2019 1:40am Jan 18, 2019 1:40am
Quoting Robinhood1
Mid term. We will see 13200 reach before 12600 and then towards 13600
That 1.26 ship has sailed.
I doubt we will be there again for quite a while
Come with me if you want to live....
  • #473,727
  • Jan 18, 2019 1:43am Jan 18, 2019 1:43am
Quoting ChiForex
1.2985 the daily trendline resistance I entered at, it just hit 1.30 that's the weekly trendline resistance but didn't want to add another order thst close to the first. Any above here will be to monthly resistance 1.3050. Abnormal to break above(if reached) at least for this month. Even for weekly we might see a nice 50-90 pip retrace by tomorrow before possibly ending the week above 1.2930(Daily turned new support)
Just exited my 1.2985 short at 1.2932

Looking to long around 1.2890-00 despite not bad long around 1.2930 but better entering lower for long or waiting a retrace up again to reenter short
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #473,728
  • Jan 18, 2019 1:49am Jan 18, 2019 1:49am
Quoting Ill-b-back
{quote} That 1.26 ship has sailed. I doubt we will be there again for quite a while
First of all, good day. Anything can happen. Time will show cause time cannot speak.
POSTMASTER
  • #473,729
  • Jan 18, 2019 1:52am Jan 18, 2019 1:52am
Quoting Robinhood1
{quote} First of all, good day. Anything can happen. Time will show cause time cannot speak.
Watch May resigns and it will go deeper
  • #473,730
  • Jan 18, 2019 1:54am Jan 18, 2019 1:54am
Havent heard of Bones for some time now. Must be on a cruise after obtaining those 80K. Regards from the working room.
POSTMASTER
  • #473,731
  • Jan 18, 2019 1:54am Jan 18, 2019 1:54am
Quoting ChiForex
{quote} Just exited my 1.2985 short at 1.2932 Looking to long around 1.2890-00 despite not bad long around 1.2930 but better entering lower for long or waiting a retrace up again to reenter short
going lower
POSTMASTER
  • #473,732
  • Jan 18, 2019 1:58am Jan 18, 2019 1:58am
Quoting kazachokings
{quote} Watch May resigns and it will go deeper
Hi Kazachokings. Maybe news triggers but i believe news follow price on a bigger TF
POSTMASTER
  • #473,733
  • Jan 18, 2019 2:01am Jan 18, 2019 2:01am
LONG @ 2940 TP 2990
  • #473,734
  • Jan 18, 2019 2:08am Jan 18, 2019 2:08am
Quoting Robinhood1
{quote} Hi Kazachokings. Maybe news triggers but i believe news follow price on a bigger TF
Who knows, ,260s sounds great but if it goes there it would take couple days , maybe week, with this brexit crap and breaking news every 1-2 h, it s a roller coaster , direction can change any minute
  • #473,735
  • Jan 18, 2019 2:10am Jan 18, 2019 2:10am
Quoting kazachokings
{quote} Watch May resigns and it will go deeper
I think May is doing a great job considering what she's been lumped with, easy to be the king/queen maker and criticize but all these naysayers would fall flat on their faces trying to do May's job
Don't Leave Money on the Table
  • #473,736
  • Jan 18, 2019 2:13am Jan 18, 2019 2:13am
Quoting HaLBot
{quote} I think May is doing a great job considering what she's been lumped with, easy to be the king/queen maker and criticize but all these naysayers would fall flat on their faces trying to do what Mays doing
I know, she is. However this is very difficult, so many obstacles and I doubt she will make it..
  • #473,737
  • Jan 18, 2019 2:17am Jan 18, 2019 2:17am
Quoting kazachokings
{quote} I know, she is. However this is very difficult, so many obstacles and I doubt she will make it..
I hope she does just to stick it to that commie ftard Corbyn

Anyway enough politics, just gets me fired up.....LOL
Don't Leave Money on the Table
  • #473,738
  • Jan 18, 2019 2:22am Jan 18, 2019 2:22am
Quoting xandi
Time to post again...and to start again! Strictly attached to technicals...learned one more other lesson at forex...seems its at critical, although resistance on weekly is 3050..by 1hour tf i shorted here, or wait to stochs and rsi start falling down...for sure some retracement, or we will have the end of this bull trend...but, 3050 has some possibility at this scenario..boosting again {image}
Ok, the scenario happened...transporting a paralel line we get at least 2850 as next ...the rsi is at critical turning point (50) , and stochs are finnaly leaving the uptrend zone...lets play the action move!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20190118-101337.png Size: 76 KB
  • #473,739
  • Jan 18, 2019 2:27am Jan 18, 2019 2:27am
Here's an interview with legendary trader John "Rambo" Moulton....we all could learn from this guys experience and insights, he came over to Australia from the US and was able to trade such large volumes on The SPI 200 Futures contract that he would move the market a feat usually only institutions could do
He's a straight shooter so don't watch if things offend you

Inserted Video
Don't Leave Money on the Table
  • #473,740
  • Jan 18, 2019 2:37am Jan 18, 2019 2:37am
Quoting HaLBot
Here's an interview with legendary trader John "Rambo" Moulton....we all could learn from this guys experience and insights, he came over to Australia from the US and was able to trade such large volumes on The SPI 200 Futures contract that he would move the market a feat usually only institutions could do He's a straight shooter so don't watch if things offend you https://www.youtube.com/watch?v=EkRw6NC0Jew
This is the first time I've watched this video and this guys Gold....
Don't Leave Money on the Table
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