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Cable Update (GBPUSD)

@nAVIN2007, my sell position hit stoploss at 1.55100
premature ejaculation makes my journey to the south pole is over
Quoting nAVIN2007
i miss tony's analysis..this place just aint the same

yes...where is he??
when GOD brings you a challenge he also gives you the power to deal with it
Quoting eitan1010
{quote} yes...where is he??


what happened to Bgugen?
Money never sleeps...
Quoting inpatient
{quote} what happened to Bgugen?

he is in hong kong..but he is short at 1.56
Quoting eitan1010
{quote} yes...where is he??

i think a few upset him in here so now he aint posting..we all lose out..he is one of most gifted tradders who u can always learn a thing or to from
Quoting nAVIN2007
{quote} he is in hong kong..but he is short at 1.56
naVIN2007 how many green pips you made this week? Previuos week?
Traders how many pips you made this week on GU? I personally made 80eur till wensday then got SL and made -65eur.
So totally i am in plus 15eur.
Best was in june made 594 euru but in july lost 515.
Quoting Trader88q
{quote} naVIN2007 how many green pips you made this week? Previuos week? Traders how many pips you made this week on GU? I personally made 80eur till wensday then got SL and made -65eur. So totally i am in plus 15eur. Best was in june made 594 euru but in july lost 515.

u are asking the wrong guys..i make on average in a month even when im not trading at least 1k pips easy but im very conservative bro..make small money nothing life changing

everything i say to u is in humor..i wish complete success bro
Hey there, I lost about 222 pips last week shorting the pound, this week I bought pound and made back my losses with help of yen shorts.

I've been thinking that this pair is trying to tell us something about the pound. I believe markets are trying to tell us that the pound is ready to go higher, in spite of Carney. The PPP parity index tells us Sterling is undervalued in comparison to its American counterpart. This could mean one of two things, either we remain in a range bound market as we've seen this summer, or we break to the upside. That's my take on it.

I foresee more dollar weakness in the near interim, but it's so hard to predict being summer and all.
Bullish weekly candle (but with equal ish sized wick at each end) - no fractal swing created by it at it's hi but it makes last week's candle come @ a fractal swing HL now, and this weekly Hi (at the descending daily/weekly trend line) is at a H above the last LH on this t/f...overall the t/f is still in an opa range (5751-4811) with recent signs of strength off 4811 range bottom. Weekly pip range 133% of it's 20 week atr.

Friday's daily candle closed bearishly following the continued pullback from Thursday's/the weekly 5573 Hi. This hi becomes a fractal swing HH (the 2nd) on this t/f as a result of Friday's candle This t/f remains in a general opa uptrend. Friday's daily pip range was only 49% of it's 20 day atr.

G/L
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ex member
Targets at lows remain intact , start with again 5485 breaks & 5455 critical .Yes after 5576( hit ) , can take the crazy to 5600/5623 to even 5710.
fontu
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USDx
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Discussion Group at Telegram: ParisVanJafaThread
Quoting iqyu5an
USDx {image} {image}

Thanks for the eye opening picture usdx , probable diamond swing at top also in daily tf & hence reaction is utmost important test then reaction high. not knowing if any such in higher tf also like gbpusd .so all in the strong down in intention & only 1 to survive > kill them all & come back alone is my formula then & fit in my all the way long views perfectly . sorry using your chart .
lets see .
fontu
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Quoting davidsayli
{quote} GBP/USD DAILY CHART Head&Shoulders with trend line {image}
David, in order for this to be a valid H&S to the downside, it must be coming off of an exhausted UPTREND.
The same for the inverted H&S. In order for it to be valid, it must be coming off of an exhausted downtrend, reversing to the upside.
However, many times H&S patterns become continuation patterns.
Quoting inpatient
{quote} what happened to Bgugen?
im doing very well thanks for asking. having my much deserved summer break in Hong Kong till September 10, will be back in London for my final year of studies.... and trading of course...

hope everyone's doing fine...

i needed a time off from the stress thats been building up last term from both studies and trading.
i'll be back soon...
now more than ever my predictions are pretty darn accurate... ask navin....
navin and i have been in constant communication and im pretty sure he knows about my call to long GBPUSD from 1.50 to 1.55 and that i am recently looking for hints to short at 1.5570-1.5600,
so far so good...
bias on GBPUSD still Short...

Fundamentally Carney basically came in saying hes not gona raise interest rate until late 2016, and that the consideration of QE reduction in UK wont begin until UK sees a unemployment rate drop from 7.8% current to 7.0%.
QE to Continue in UK, as they wont risk having the economic recovery stalling like the japanese economy did 30 years ago.
We live in a finite world with infinite possibilities.
http://i42.tinypic.com/w8715g.png

next week is time to dive ?
Quoting Revalif
{image} next week is time to dive ?

Not quite... you forgot we're in summer range?? unlikely to break above 1.5600 on summer ranging conditions....
but nice creativity though..
We live in a finite world with infinite possibilities.
Quoting fxtyrant
{quote} Not quite... you forgot we're in summer range?? unlikely to break above 1.5600 on summer ranging conditions.... but nice creativity though..
actually i'm new in forex, could you tell me a little explanation what is summer range conditions? is summer range condition only happened in GU or in every pair?
thx a lot before
Quoting fxtyrant
{quote} im doing very well thanks for asking. having my much deserved summer break in Hong Kong till September 10, will be back in London for my final year of studies.... and trading of course... hope everyone's doing fine... i needed a time off from the stress thats been building up last term from both studies and trading. i'll be back soon... now more than ever my predictions are pretty darn accurate... ask navin.... navin and i have been in constant communication and im pretty sure he knows about my call to long GBPUSD from 1.50 to 1.55 and that...
Oh I see, I didn't know you changed your name. My apologies.

Definitely agree with your sentiment on Cable and any further strength this week will likely see me make my first cable trade in a while to enter short if we get toward 1.57 and maybe even anything above 1.563.
Money never sleeps...
Quoting Revalif
{quote} actually i'm new in forex, could you tell me a little explanation what is summer range conditions? is summer range condition only happened in GU or in every pair? thx a lot before

Hello Revalif,

Summer ranges tend to be tighter with less volatility.

It is across all pairs as volumes tend to be lower.
Money never sleeps...
Quoting Revalif
{quote} actually i'm new in forex, could you tell me a little explanation what is summer range conditions? is summer range condition only happened in GU or in every pair? thx a lot before

From WTB

At the end of each month I take some statistical notes for my own analysis. One of them is the Average Daily Range for each currency pair for the previous month. Well, I am noticing a sharp ADR-decline across the board. Summer months are prone to range-bound conditions, thin volume and weaker levels of support/resistance. Perhaps we should add to the list the blatantly-tighter trading ranges?


Have a look at look at the data posted down below. In this list, I compare June 2007’s Average Daily Range with the data I collected three months ago (meaning March 2007). The results speak for themselves:

  1. EURUSD: 58 pips in June vs. 72 pips in March.
  2. GBPUSD: 82 pips in June vs. 121 pips in March.
  3. USDJPY: 60 pips in June vs. 124 pips in March (massive drop!)
  4. USDCHF: 59 pips in June vs. 94 in March.
  5. AUDUSD: 56 pips in June vs. 62 pips in March.
  6. USDCAD: 81 pips in June vs. 67 pips in March (ADR has increased)
  7. EURJPY: 93 pips in June vs. 154 pips in March (massive drop!)
  8. NZDUSD: 69 pips in June vs. 88 pips in March.
  9. GBPJPY: 139 pips in June vs. 285 pips in March (massive drop!)
  10. EURCHF: 56 pips in June vs. 71 pips in March.
  11. GBPCHF: 106 pips in June vs. 145 pips in March.
  12. EURGBP: 24 pips in June vs. 37 pips in March.

As you can see, there’s been quite a significant drop in the market activity as of lately. Oh well, seems like the summer is finally here!

Money never sleeps...
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