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Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

Quoting A-speculator
almost approaching my SL, won't do anything (will not add to a losing position).. will just monitor
you shorted in trap territory looks like. 1.6320-50 is a trap zone for the cable. 1.6375 and above is much more safer. i entered a short in the trap zone on friday and closed it in small loss.
Quoting giveachance
{quote} you shorted in trap territory looks like. 1.6320-50 is a trap zone for the cable. 1.6375 and above is much more safer. i entered a short in the trap zone on friday and closed it in small loss.
it's ok, doesn't matter, just tiny test position.. will consider shorting on normal position size once we get below 6300 or 6240 - depends on the PA.. currently i'm more interested looking for possible reversal on swissy..
GU H4 GMT+3

I have just added more long, cause close above the flag adn weekly PP...
Invalidation these longs close under ~6327
At the moment the november candle high under test.
Add more long at close above ~6413...

Good luck!
Attached Image (click to enlarge)
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Anything is math!
GU 4H

Not trading convincingly yet above my preferred entry, so holding for now.
Will wait till next 4H close in an hour or so

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Quoting JimmyC
GU 4H Not trading convincingly yet above my preferred entry, so holding for now. Will wait till next 4H close in an hour or so {image}
yeah, still trading in the middle of the spinning candle.. i think you're right cable is not ready yet for any move, better trade other pairs instead..
Looks like another rejection, I am taking a cheeky short.
Quoting littlecraig
Looks like another rejection, I am taking a cheeky short.
Mondays always suck, but at least Cable gave us a 70 pip range so far.
Those who say it cannot be done should not interrupt those who are doing it
any new updates?
Quoting nicklam66
any new updates?
GU M30 Classic Elliott Waves possibility
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Anything is math!
What usually happens when this BOE Gov Carney character speaks
big moves up or down??
Quoting littlecraig
What usually happens when this BOE Gov Carney character speaks big moves up or down??
That depends mainly on two important factors
1. What he says and the context in which he says it.
2. How the market interprets it and what reaction that interpretation generates.
Those who say it cannot be done should not interrupt those who are doing it
An informal cap on the pound is the only way to rebalance our economy
http://www.telegraph.co.uk/finance/c...r-economy.html
Those who say it cannot be done should not interrupt those who are doing it
Quoting PipTrapper
An informal cap on the pound is the only way to rebalance our economy http://www.telegraph.co.uk/finance/c...r-economy.html
yes i read this news 2 hrs back but million dollar question is where the cap will be? I hope not at 1.70
Quoting giveachance
{quote} yes i read this news 2 hrs back but million dollar question is where the cap will be? I hope not at 1.70
It's already too high, so probably lower... if it ever happens. It's a long shot.
Once we get a USD breakout upwards, it won't matter anyway.
Those who say it cannot be done should not interrupt those who are doing it
Good day to you,

My view.. for now..
Attached Image (click to enlarge)
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GBP/USD DAILY CHART

We are in the resistance zone. We may see a sudden drop to the 1.5480

BE CAREFULL !!!
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Howzit GU

GU 4H

According to the trading plan, there is a breakout of the channel down and bullish PA can be expected to 1.66 as a final target.

But the BoE governor is due to place his foot in his mouth shortly so, I'll come back in three and see if its worth while taking the trade.

Attached Image (click to enlarge)
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G/L
Quoting JimmyC
Howzit GU GU 4H According to the trading plan, there is a breakout of the channel down and bullish PA can be expected to 1.66 as a final target. But the BoE governor is due to place his foot in his mouth shortly so, I'll come back in three and see if its worth while taking the trade. {image} G/L
Totally right... Market is drawing my favorite pattern and anticipating hawkish words from Carney.
TP for this pattern comes around 1.6519
A lot of pips to enjoy.
$10K Live Account... 3 months investor testing!
Quoting PipTrapper
{quote} That depends mainly on two important factors 1. What he says and the context in which he says it. 2. How the market interprets it and what reaction that interpretation generates.
correct - itīs unpredictable. hence, i prefer to trade what i see.
fortis fortuna adiuvat
Whatup guys.. enjoy the flat move? Lol.

Perhaps tomorrow we will see some hints on the direction..
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