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Cable Update (GBPUSD)

  • #487,861
  • Jul 31, 2019 1:08am Jul 31, 2019 1:08am
Quoting ganam
{quote} Thanks Keen, actually i am doubtful about this, and also if the federal interest rate not changes and they keep 2.5% it will make bad effect to USD and USD economy..if this happens i feel its good for PA GBP/USD...
US Federal Reserve expected to cut its main rate by 0.25% on Thursday and the European Central Bank possibly following soon after. This should help this pair in my opinion.
Don't trade what you think. Just what you see!!!
  • #487,862
  • Jul 31, 2019 1:11am Jul 31, 2019 1:11am
ok come to GBP /USD 1.2187 bulls have some choice, or its gonna further down
follow the flow of music $
  • #487,863
  • Jul 31, 2019 1:12am Jul 31, 2019 1:12am
Quoting Theoak
{quote} Well never got out of the trade 1.2144 and I'm up a massive 8 pips. Might wake up with a nice surprise tomorrow
Closed down made a massive 1 pip loss. This pair is in chop city until Thursday!
Don't trade what you think. Just what you see!!!
  • #487,864
  • Jul 31, 2019 1:15am Jul 31, 2019 1:15am
Quoting Theoak
{quote} US Federal Reserve expected to cut its main rate by 0.25% on Thursday and the European Central Bank possibly following soon after. This should help this pair in my opinion.
We understand all they gonna cut rate, if they cut rate 0.25%, it will help to USD. My question is if they stick on the same the rate 2.5%,is it boost the GBP/USD pair or not?
follow the flow of music $
  • #487,865
  • Jul 31, 2019 1:31am Jul 31, 2019 1:31am
Quoting ganam
{quote} We understand all they gonna cut rate, if they cut rate 0.25%, it will help to USD. My question is if they stick on the same the rate 2.5%,is it boost the GBP/USD pair or not?
Why?
The USA have a 22 trillion national debt, mainly made up of foreign money (China). Having rate cut will make it less appealing for foreign investment.


So, having it cut should boost GDP/USD, but don't get the bunty out quite yet. As I don’t think this is out of the hole any time before 31 Oct!!
Don't trade what you think. Just what you see!!!
  • #487,866
  • Jul 31, 2019 1:48am Jul 31, 2019 1:48am
Quoting Theoak
{quote} Why? The USA have a 22 trillion national debt, mainly made up of foreign money (China). Having rate cut will make it less appealing for foreign investment. So, having it cut should boost GDP/USD, but don't get the bunty out quite yet. As I don’t think this is out of the hole any time before 31 Oct!!
Thanks dear mate, looking for short time opportunity
follow the flow of music $
  • #487,867
  • Jul 31, 2019 1:53am Jul 31, 2019 1:53am
Quoting ganam
{quote} Thanks dear mate, looking for short time opportunity
What it should do and what it does do is two different things. Like one other trader on here says “the price never lies”. So trade safe!!!
Don't trade what you think. Just what you see!!!
  • #487,868
  • Edited 11:46am Jul 31, 2019 1:56am | Edited 11:46am
Long in at 1.2164 target 100 pips (try anyway) close + 2.2 pips
short in at 1.2169 closed + 10 pips
added to short hit top of triangle 1.2171 Try and run this loss - 2.9
long now in at 1.2172 +1 pip
back in long 1.2178 -8 pips
back in long 1.2884 - going for 30 pips closed down +14 pips
and long 1.2886 - going for 30 pips out +12 pips
waiting for retrace
no retrace back in 1.2203 out +25 pips
Now hit the target fib level - short if rejects the fib level
short 1.2220 out +5 pips
Got to go out so Auto trade long in at 1.2212 take prof at 1.2227 sl at 1.2198 +14pips
Don't trade what you think. Just what you see!!!
  • #487,869
  • Jul 31, 2019 2:28am Jul 31, 2019 2:28am
There is no support on cable its light years away! Fed cut already factored in so usd still prevails. Expect another landslide on cable for weeks and weeks till brexit is sorted. If cable so much as lifts it head SELL IT!
  • #487,870
  • Jul 31, 2019 2:37am Jul 31, 2019 2:37am
Quoting Theoak
{quote} US Federal Reserve expected to cut its main rate by 0.25% on Thursday and the European Central Bank possibly following soon after. This should help this pair in my opinion.
EZB will not cut the rate, where did you get the rumors from?
  • #487,871
  • Jul 31, 2019 2:38am Jul 31, 2019 2:38am
good wednesday

coming up on some R but it looks like price is in the mood for to take it on !
1.2179 is important to me ...
plus a strong trendline...

after that it could be bullish.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 34 KB
in wondering about yourself, you forgot what you came here to be part of
  • #487,872
  • Edited 3:02am Jul 31, 2019 2:43am | Edited 3:02am
Hourly chart has the resistance here at this time, I am waiting for the new hourly candle to come into play and will be looking for a possible short entry point.
there's a bear in there
  • #487,873
  • Jul 31, 2019 2:55am Jul 31, 2019 2:55am
entering a bit early perhaps...
buy 2170
target 38 pips
in wondering about yourself, you forgot what you came here to be part of
  • #487,874
  • Jul 31, 2019 2:57am Jul 31, 2019 2:57am
Well here is a decision candle for a bull and then the retracement candle... we'll see how it turns out
Attached Image (click to enlarge)
Click to Enlarge Name: decision candle.PNG Size: 45 KB
  • #487,875
  • Jul 31, 2019 3:05am Jul 31, 2019 3:05am
Quoting Dingoman-two
Hourly chart has the resistance here at this time, I am waiting for the new hourly candle to come into play and will be looking for a possible short entry point. there's a bear in there


15 Min chart is still bullish but should still fail its retest at the high at 1.21724 area
If i can get there that is.
  • #487,876
  • Jul 31, 2019 3:08am Jul 31, 2019 3:08am
GOLD will fall today.

Short symptoms are there.
Intraday only.
  • #487,877
  • Edited 4:23am Jul 31, 2019 3:58am | Edited 4:23am
Quoting Dingoman-two
{quote} 15 Min chart is still bullish but should still fail its retest at the high at 1.21724 area If i can get there that is.
Heads up folks the High is about to be retested
Attached Image (click to enlarge)
Click to Enlarge Name: Highbeingretested.JPG Size: 144 KB

EDIT HERE IS A BETTER VIEW FOLKS
Attached Image
  • #487,878
  • Jul 31, 2019 4:04am Jul 31, 2019 4:04am
Quoting DailyChart
Busier negotiate new project for packaging this products no time for post and read so far in here anyway,if pound test and close higher than previous D1 low then I am might be long I am active my PM and for those wish to ask anything about trading,feel free to send me a message I am will be a little late for reply good luck guys {image}
Undersized abalone?
  • #487,879
  • Jul 31, 2019 4:35am Jul 31, 2019 4:35am
until 2 pm EST, the price will be going up and down.

See the nice scalps in 1 min chart.

Only long though.
Attached Image (click to enlarge)
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Intraday only.
  • #487,880
  • Jul 31, 2019 4:52am Jul 31, 2019 4:52am
Looks like the bulls are ready
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 2019-07-31 12.52.29_1.jpg Size: 100 KB
yes yes yes
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