Cable Update (GBPUSD)

Quoting Shilva

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Times may vary...depending on price action, your location and time zone.

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Quoting gagakrimba

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Are you sure the trend is UP ???
Looks like going south

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Quoting riz79fx

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is this us time?

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Quoting Shilva

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Let me add a little fundamental thought here.

It seems to me that when stocks are tanking, as they are all over the world, the money comes out of the stock market and goes into Treasury. (flight to safety, econ 101)

When money goes into Treasury the currency of that country gets stronger.

Therefore, when the European and British markets open the GBP & Euro goes up.

When the U.S. market opens and stocks drop the $ gets stronger.

That seems to be the pattern for the past several days.

So.......long at 8:30 GMT and short at 1:30 GMT.

Hope it's that simple!

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Quoting Shilva

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Let me add a little fundamental thought here.

It seems to me that when stocks are tanking, as they are all over the world, the money comes out of the stock market and goes into Treasury. (flight to safety, econ 101)

When money goes into Treasury the currency of that country gets stronger.

Therefore, when the European and British markets open the GBP & Euro goes up.

When the U.S. market opens and stocks drop the $ gets stronger.

That seems to be the pattern for the past several days.

So.......long at 8:30 GMT and short at 1:30 GMT.

Hope it's that simple!

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Quoting manize

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Now slgihtly down, you know I use M1 to make a good entry, and is should not at the top or at the bottom! Usually I entry when the movement already rather properly in flat condition about 5 - 10 min ! And my daily target min + 10 pips only !

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Quoting Infinity

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Hey bro... I'm in short from 7350 but I have stop at +1 because we are above 15m 5/10/50.. The 4h concerns me also as it could turn bullish..

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Quoting Infinity

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I'm all out of this one for 115 pips. Good luck to all. I'm going t sleep now...

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Quoting Infinity

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I'm all out of this one for 115 pips. Good luck to all. I'm going t sleep now...

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Quoting Shilva

Disliked

Let me add a little fundamental thought here.

It seems to me that when stocks are tanking, as they are all over the world, the money comes out of the stock market and goes into Treasury. (flight to safety, econ 101)

When money goes into Treasury the currency of that country gets stronger.

Therefore, when the European and British markets open the GBP & Euro goes up.

When the U.S. market opens and stocks drop the $ gets stronger.

That seems to be the pattern for the past several days.

So.......long at 8:30 GMT and short at 1:30 GMT.

Hope it's that simple!

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Quoting manize

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You're right, Look she is up at London session ! But not so simple to make a good entry !

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Quoting Tiger Hunter

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hi cable room

i sent here from weeks ago my calls for cable&euro
i forecast the continuation of the bearish trend.
another breakout confirm the down trend in both euro and british pound.
as shown in my charts.


i forecast here from hours go in cable room by the continuation of the rule of bearish trend again after cable retrace for the past days and here we are...lol.

is now obvious that usd strengthen against all the currencies.
is not temporary move it will last for months and may be even years .

that is why we see such very massive falls in euro&cable charts for the last weeks ago.

and here is my charts .
i forecast a more bearish activity and to translate into numbers lingo i wait for 1000 pip drop.

the red arrows describe my future targets(1000) pip
trade well.

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Quoting peulthai

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You make a great sense here.

Infact yesterday... i was so tight to trade all i did was get online and enter a short at about 12:30 GMT (having what you said in mind).

It went long a bit and finally gave me some share of the over 300pips without my sitting to monitor the trade.

Doh! this is not a hard and fast rule.

But i hope to try it again today... on my demo anyway

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Quoting Tiger Hunter

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hi cable room

i sent here from weeks ago my calls for cable&euro
i forecast the continuation of the bearish trend.
another breakout confirm the down trend in both euro and british pound.
as shown in my charts.


i forecast here from hours go in cable room by the continuation of the rule of bearish trend again after cable retrace for the past days and here we are...lol.

is now obvious that usd strengthen against all the currencies.
is not temporary move it will last for months and may be even years .

that is why we see such very massive falls in euro&cable charts for the last weeks ago.

and here is my charts .
i forecast a more bearish activity and to translate into numbers lingo i wait for 1000 pip drop.

the red arrows describe my future targets(1000) pip
trade well.

Ignored