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Cable Update (GBPUSD)

  • #347,321
  • Sep 20, 2013 2:58am Sep 20, 2013 2:58am
Quoting 5percent
{image}
Price stalled just infront of S T R ahead of a fundamental event.

this is also 38.2 fibo.

Positive data likely to send price higher to test yesterday Asia's support or US's High at 1.6100

Negative data likely to challenge current support and failure to sustain will move into level of potential r t s which is lower just before FOMC near 1.5980.
Attached Image (click to enlarge)
Click to Enlarge Name: S T R.png Size: 23 KB
  • #347,322
  • Sep 20, 2013 3:20am Sep 20, 2013 3:20am
Quoting Davit
Interest rate raise probability was linked with unemployment numbers at 7% which Carney repeated numerous times at his speech. The unemployment rate of the economically active population decreased slightly, from 7.8 to 7.7%.Its got lot more room to go and that could take another year or two in the meanwhile we could revisit 1.55 even lower several times.
That's right. But we will see mr cablr at 1.6-1.65 range for a couple of months before falling again.
  • #347,323
  • Sep 20, 2013 3:21am Sep 20, 2013 3:21am
G/M,

> 20 day atr pip range Bearish dark cloud cover candle on the daily t/f yesterday, the low coming at the 50% 5885-6162/23.6% 5564-6162. Asian session has seen the recovery from there continue into early London session...testing the daily Pivot at the current hi. Price remains in a general opa uptrend on 4hr daily and weekly and 1hr now off the 6162 hi has seen a Hh there then a HL, LH,L,LH,LL,LH,LL,LH,LL, HL so that t/f's general uptrend pretty much gone right now.

Potential res factors to the immediate upside per 1hr chart below.

Uk data at 0930am London.

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 106 KB
ex member
  • #347,324
  • Sep 20, 2013 3:44am Sep 20, 2013 3:44am
43% of 97pip current 20 day atr so far today, 100% of current 278 20 week atr so far this week, and 127% of current 515 20 month atr so far this month : covered by price
-------------------------------------------------
It's Friday, you're up on the day/week, and they're playing Mica Paris on the radio - I can live with that !

G/L
ex member
  • #347,325
  • Sep 20, 2013 4:28am Sep 20, 2013 4:28am
...resistance becomes support (rbs) at the previous minor 1hr swing lo / Daily Pivot resulting in 2nd re-test now of the yesterday's lo zone now - 1st in Asian session......how much demand here ? 1hr and below in trends/opa conditions counter to 4hr , daily and weekly now...start of something or just a pullback in those longer t/f trends ?

G/L
Attached Image (click to enlarge)
Click to Enlarge Name: z.jpg Size: 102 KB
ex member
  • #347,326
  • Sep 20, 2013 4:40am Sep 20, 2013 4:40am
hmmmm
Attached Image (click to enlarge)
Click to Enlarge Name: GBP_USD_1_g1111odzina.png Size: 42 KB
  • #347,327
  • Sep 20, 2013 4:49am Sep 20, 2013 4:49am
Hi, what u guyz think about de FOMC? It going be high or low the trend? Or its better close everything before the FOMC start? (sorry for my english) ty.
  • #347,328
  • Sep 20, 2013 5:40am Sep 20, 2013 5:40am
There are 3 fomc members speaking at different events later today - it's not an official fomc/fed meet....Likely impact? - difficult to say - I don't know enough about individual fomc members and whether they are generally dovish or hawkish... Technically there is a general opa (overall price action) downtrend on 1hr whilst 4hr daily and weekly remain in general opa uptrends- correct at time of writing. For you I guess it all depends on what t/f's you are trading and where your stops are on any open positions . Sorry can't help more.

G/L

Quoting Contrax
Hi, what u guyz think about de FOMC? It going be high or low the trend? Or its better close everything before the FOMC start? (sorry for my english) ty.
ex member
  • #347,329
  • Sep 20, 2013 6:23am Sep 20, 2013 6:23am
Cable in H1 Chart...


It's really Not Good

Patience, need more Patience... wait Breakout
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-20_Cable in H1 Chart.jpg Size: 63 KB
Always looking the GREAT, never left GOOD Point...
  • #347,330
  • Sep 20, 2013 6:33am Sep 20, 2013 6:33am
1H nice up trend
  • #347,331
  • Sep 20, 2013 7:00am Sep 20, 2013 7:00am
Interesting that the number of longs have suddenly jumped and we've got banks saying 1.65 - 1.68 going forward.

So we've got a massive rise of the pound which fell by 120 pips the following day amounting to about 110 pip rise on the back of no taper and really crap retail No's from UK. considering everyone was saying TAPER and it didn't materialise (except for Illbeback, you get an ewok-snack) its not an amazing move, some are even saying taper to infinity. infact gbp has returned to within the high end of the channel.

GBP momentum is also falling off on the hourly, 4hourly and daily. wowoweewah. If a few more traders go long, might be time to enter a short.

so now we have octaper to look forward to, debt ceiling, yellen, bla bla bla

I'd attach a picture of my chart but don't know how
  • #347,332
  • Edited 7:47am Sep 20, 2013 7:20am | Edited 7:47am
Quoting Moominpapa
Interesting that the number of longs have suddenly jumped and we've got banks saying 1.65 - 1.68 going forward. So we've got a massive rise of the pound which fell by 120 pips the following day amounting to about 110 pip rise on the back of no taper and really crap retail No's from UK. considering everyone was saying TAPER and it didn't materialise (except for Illbeback, you get an ewok-snack) its not an amazing move, some are even saying taper to infinity. infact gbp has returned to within the high end of the channel. GBP momentum is also falling...
Hi Moominpapa,

Looking in CLIP icon's Attach Files: :nerd:

You can Choice (with click it)

Upload From Computer ; if you will Upload File / Picture from your Computer.
Upload from URL ; if you want Upload File / Picture from your Website or Blog.
Upload Screenshot ; if you will Upload File / Picture after you've Screenshot from your Picture's Trade.


Best Regards,
Tsar
Always looking the GREAT, never left GOOD Point...
  • #347,333
  • Sep 20, 2013 7:51am Sep 20, 2013 7:51am
Quoting Schickeria
Here my forecast for GBP/USD We should go up to 1.6091-1.6107 area than down to 1.58342. Schickeria! {image}
Right Idea , didn't quit make it there...............
The More You Learn, The More You Earn.....
  • #347,334
  • Sep 20, 2013 7:52am Sep 20, 2013 7:52am
The Pound is Un-pounding It'self............
The More You Learn, The More You Earn.....
  • #347,335
  • Sep 20, 2013 8:00am Sep 20, 2013 8:00am
Break below 1.6?
  • #347,336
  • Sep 20, 2013 8:11am Sep 20, 2013 8:11am
hey thanks tsar, i didn't see the extra icons at the bottom of the page
  • #347,337
  • Sep 20, 2013 8:28am Sep 20, 2013 8:28am
Quoting Moominpapa
Interesting that the number of longs have suddenly jumped and we've got banks saying 1.65 - 1.68 going forward. So we've got a massive rise of the pound which fell by 120 pips the following day amounting to about 110 pip rise on the back of no taper and really crap retail No's from UK. considering everyone was saying TAPER and it didn't materialise (except for Illbeback, you get an ewok-snack) its not an amazing move, some are even saying taper to infinity. infact gbp has returned to within the high end of the channel. GBP momentum...
Where do I go to collect
Come with me if you want to live....
  • #347,338
  • Sep 20, 2013 9:38am Sep 20, 2013 9:38am
Quoting Moominpapa
Interesting that the number of longs have suddenly jumped and we've got banks saying 1.65 - 1.68 going forward.
Whenever banks announce their intentions I expect the opposite.
They also announced Aussie dollar to be at 80 and kiwi at 74 none happened.I think of trading like war.No decent general would announce their attack before hand.Surprise is the greatest edge.

All my Bear positions are on TP trajectory to 1.55
In trading, you have to be defensive and aggressive at the same time
  • #347,339
  • Sep 20, 2013 9:57am Sep 20, 2013 9:57am
Quoting Freshpips
Break below 1.6?

huge psychological barrier.Break below 1.60 means 1.55 is tangible target
In trading, you have to be defensive and aggressive at the same time
  • #347,340
  • Sep 20, 2013 9:58am Sep 20, 2013 9:58am
Quoting Tsar
Cable in H1 Chart... It's really Not Good Patience, need more Patience... wait Breakout {image}
Cable in H1 Chart... Update
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-20_Cable in H1 Chart - Update.jpg Size: 100 KB
Always looking the GREAT, never left GOOD Point...
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