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Cable Update (GBPUSD)

  • #508,801
  • Jan 16, 2020 5:14am Jan 16, 2020 5:14am
Quoting Donaciello
{quote} You might be right about that. I'm quite short though, but hoping for a spike to 1.31 when ECB policy minutes come out, to add some more. From the looks of it, I think the upside is more likely than the downside. Only question is the extent of the upside potential.
Only a small lot, as my game is scalping. I'm hoping price to exploded from this consolidation!!!
Don't trade what you think. Just what you see!!!
  • #508,802
  • Jan 16, 2020 5:16am Jan 16, 2020 5:16am
Quoting Moty
The flag is here , up up and away we go. You saw this pattern yesterday , and you know where It's going {image}
We go heavy down today on US session .Check BCE speach ,am short @1.30600..TP your longs and revert
  • #508,803
  • Jan 16, 2020 5:16am Jan 16, 2020 5:16am
Quoting SinkMarkets
GBP to be triggered short on Lagarde speach due to EURGBP acceleration...
Said a couple post ago that I'm quite short the GBP and I'm long EURGBP from .8515 eyeing .8992

Also 2 shorts in GBPAUD.
It's a sport, an artform and a science.
  • #508,804
  • Jan 16, 2020 5:23am Jan 16, 2020 5:23am
GBPUSD - Next wave down coming soon!
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  • #508,805
  • Jan 16, 2020 5:33am Jan 16, 2020 5:33am
Quoting Theoak
I think the mid term direction is bullish. Not my normal strategy, but long in at 1.3061 Lets go for the round number 1.3200!!!!
Put this experiment to bed loss 6.5 pips. Short term its gone bearish.....
Don't trade what you think. Just what you see!!!
  • #508,806
  • Jan 16, 2020 5:36am Jan 16, 2020 5:36am
Quoting Theoak
{quote} Put this experiment to bed loss 6.5 pips. Short term its gone bearish.....
Starting less than an hour from now, the market is likely going to get volatile, because of the ECB policy minutes.
An hour after that, US retail sales will keep the volatility going.

So since I guess you're scalping, consider this coming hour a calm before the storm type situation.
Your view of the short term bullish could still prove correct, but the action taken might not be.

just my 2c.
It's a sport, an artform and a science.
  • #508,807
  • Jan 16, 2020 5:57am Jan 16, 2020 5:57am
Quoting Donaciello
{quote} Starting less than an hour from now, the market is likely going to get volatile, because of the ECB policy minutes. An hour after that, US retail sales will keep the volatility going. So since I guess you're scalping, consider this coming hour a calm before the storm type situation. Your view of the short term bullish could still prove correct, but the action taken might not be. just my 2c.
I think you are correct.
Don't trade what you think. Just what you see!!!
  • #508,808
  • Jan 16, 2020 5:58am Jan 16, 2020 5:58am
Quoting Donaciello
{quote} Some potentially market moving news coming out in about 1,5 hours from now (check the calender). Also Lagarde will speak tonight, which I think will not only move the EUR, but also the dollar and pound. In short, quite some volatility to look forward to today. Good luck either way!
Anyone has links to this live speech? Was looking online, so far can't find anything.
  • #508,809
  • Jan 16, 2020 6:00am Jan 16, 2020 6:00am
Wow , the spike is here !!!!!
Target 1.30890-987
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yes yes yes
  • #508,810
  • Jan 16, 2020 6:04am Jan 16, 2020 6:04am
Got to love GU. Bulls are putting up a good fight but it's not theirs until they break 1.30679 IMO.
  • #508,811
  • Jan 16, 2020 6:06am Jan 16, 2020 6:06am
Quoting Ra.
{quote} Anyone has links to this live speech? Was looking online, so far can't find anything.
ECB minutes is a report, but I guess you know that and was referring to Lagardes speech.
I'm not sure where to find it, but my best guess is the website of the ECB might feature a stream.
I have to add though, I've watched central bankers speak (Bernanke, Trichet, Draghi and Jellen) it's less exciting than suffering from locked-in syndrome.
The big market players have an outline of the speech and for every part of the sentence, they've different scenario's of what might be the way a sentence is constructed and coupled with those scenario's there's a trade to make (or not).

TL;DR: This speech is not for us retailers, so either stay out, or stay very safe.
It's a sport, an artform and a science.
  • #508,812
  • Jan 16, 2020 6:07am Jan 16, 2020 6:07am
Quoting Moty
Wow , the spike is here !!!!! Target 1.30890-987 {image}
I hope you'll be proven right, but for now I still consider it consolidation PA.
It's a sport, an artform and a science.
  • #508,813
  • Jan 16, 2020 6:10am Jan 16, 2020 6:10am
Quoting Donaciello
{quote} ECB minutes is a report, but I guess you know that and was referring to Lagardes speech. I'm not sure where to find it, but my best guess is the website of the ECB might feature a stream. I have to add though, I've watched central bankers speak (Bernanke, Trichet, Draghi and Jellen) it's less exciting than suffering from locked-in syndrome. The big market players have an outline of the speech and for every part of the sentence, they've different scenario's of what might be the way a sentence is constructed and coupled with those scenario's...
I've listened to FED speeches, lots of double talk, they really dance around what they're saying. I kinda take a little pleasure watching...in some sick twisted way... Maybe i'm a masochist? lol

Just never heard a ECB speech, wouldn't mind hearing one. Didn't see one on their site yet, but was curious if Youtube streams them, FED puts it up on their channel.
  • #508,814
  • Jan 16, 2020 6:13am Jan 16, 2020 6:13am
Quoting Ra.
{quote} I've listened to FED speeches, lots of double talk, they really dance around what they're saying. I kinda take a little pleasure watching...in some sick twisted way... Maybe i'm a masochist? lol Just never heard a ECB speech, wouldn't mind hearing one. Didn't see one on their site yet, but was curious if Youtube streams them, FED puts it up on their channel.
Small chance I'll be at my desk when the speech begins, as I plann to log off after the dust from USD retail sales settled, but If Im here, I'll try to find a source.
It's a sport, an artform and a science.
  • #508,815
  • Jan 16, 2020 6:14am Jan 16, 2020 6:14am
Keep an eye on the ECB's YT channel. I'm sure there was a live stream last time.

https://www.youtube.com/user/ecbeuro
  • #508,816
  • Jan 16, 2020 6:14am Jan 16, 2020 6:14am
long in at 1.3061 target 1.3076
Don't trade what you think. Just what you see!!!
  • #508,817
  • Jan 16, 2020 6:18am Jan 16, 2020 6:18am
Quoting Donaciello
{quote} Small chance I'll be at my desk when the speech begins, as I plann to log off after the dust from USD retail sales settled, but If Im here, I'll try to find a source.
appreciate the gesture, no worries, i'll check back in closer to the speech. I'm sure there's a live feed somewhere.
  • #508,818
  • Jan 16, 2020 6:24am Jan 16, 2020 6:24am
Quoting Ra.
{quote} appreciate the gesture, no worries, i'll check back in closer to the speech. I'm sure there's a live feed somewhere.
Seems as though Avpcap has found the stream for you.
I'll not be watching though, as I'd rather undergo an unsedated root-canal, laying on a bed of rusty nails.
^^ Or other fun stuff ofcourse...
It's a sport, an artform and a science.
  • #508,819
  • Jan 16, 2020 6:25am Jan 16, 2020 6:25am
One last sell according to fibo 100 stop point is not triggered yet maybe while writing its. And daily high tl who knows.

ten pips up every hope will finished and wait for 1.3168
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  • #508,820
  • Jan 16, 2020 6:35am Jan 16, 2020 6:35am
Quoting Theoak
long in at 1.3061 target 1.3076
out 10 pips
Don't trade what you think. Just what you see!!!
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